Reuters - Daily Investor Update

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Tuesday, May 9, 2017

Apple tops $800 billion market cap for first time

NEW YORK (Reuters) - Apple Inc became the first U.S. company to top the $800 billion mark in market capitalization on Tuesday, slightly more than two years after it crossed the $700 billion threshold.

Ex-AIG CEO Greenberg loses appeal over 2008 bailout

(Reuters) - A federal appeals court threw out a ruling that the U.S. government illegally bailed out insurer American International Group Inc during the 2008 financial crisis, in a defeat for former chief executive officer Maurice "Hank" Greenberg.

Walt Disney profit rises 11.4 percent

(Reuters) - Walt Disney Co reported an 11.4 percent rise in quarterly profit on Tuesday, helped by the success of its latest fairy tale adaptation "Beauty and the Beast" and strength in the company's theme park business.

Florida probes Tyson Foods, Pilgrim's Pride on chicken pricing

(Reuters) - Top U.S. chicken companies Tyson Foods Inc and Pilgrim's Pride Corp said on Monday that Florida's attorney general sought information from them regarding a probe into possible anticompetitive behavior, widening a legal review into chicken pricing.

Nasdaq short interest up 0.5 percent in late April

NEW YORK (Reuters) - Short interest on the Nasdaq rose 0.5 percent in the second half of April, the exchange said on Tuesday.

S&P slips from record high; Apple tops $800 billion

NEW YORK (Reuters) - The S&P 500 dipped on Tuesday after edging up to an intra-day record high for the second straight session, while Apple became the first ever U.S. company to close with a market capitalization above $800 billion.

Goldman 'best positioned' if Glass-Steagall Act returns: Blankfein to CNBC

(Reuters) - Goldman Sachs Group Inc is best positioned if the Glass-Steagall Act returns, Chief Executive Lloyd Blankfein said in an interview to CNBC on Tuesday.

U.S. Commerce's Ross says 3 percent GDP growth not achievable this year

WASHINGTON (Reuters) - The U.S. economy won't achieve the Trump administration's 3 percent growth goal this year and not until all of its tax, regulatory, trade and energy policies are fully in place, Commerce Secretary Wilbur Ross said on Tuesday.

Oil falls as concern grows over battle of OPEC vs U.S. shale

NEW YORK (Reuters) - Oil prices fell on Tuesday, rattled by concern over slowing demand, a rising U.S. dollar and increasing U.S. crude output that has shaken investors' faith in the ability of OPEC to rebalance the market.

Dollar bolstered by rising U.S. yields as risk appetite grows

NEW YORK (Reuters) - The dollar climbed to nearly two-month highs against the yen on Tuesday as risk appetite improved following the French election and investors focused on monetary policy and likely upcoming Federal Reserve interest rate hikes.