Reuters - Daily Investor Update

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Thursday, September 14, 2017

U.S. oil hits $50/barrel, sterling jumps; Dow at new high

NEW YORK (Reuters) - Rising demand pushed U.S. crude above $50 a barrel on Thursday, while sterling jumped after the Bank of England said it was likely to raise interest rates for the first time in a decade in coming months.

Dow strikes record high as broader market weakens

NEW YORK (Reuters) - ising shares of Boeing pulled the Dow Jones Industrial Average up to a record high on Thursday, while the S&P 500 fell as investors saw higher-than-expected inflation increasing the chances of an interest rate hike.

Lawsuit accuses Google of bias against women in pay, promotions

(Reuters) - Three female former employees of Alphabet Inc's Google filed a lawsuit on Thursday accusing the tech company of discriminating against women in pay and promotions.

Ex-AIG chief Greenberg can pursue Spitzer defamation lawsuit

NEW YORK (Reuters) - Maurice "Hank" Greenberg, former chief executive of American International Group Inc , may pursue large parts of his defamation lawsuit against former New York Attorney General Eliot Spitzer, a New York state appeals court ruled.

'Trump Trade' returns? Small-cap stocks rally on hopes of tax deal

NEW YORK (Reuters) - With time running out before Congress turns its attention to the 2018 mid-term elections, small-cap stocks are increasingly acting as a bellwether for the market's expectations that the Trump Administration will reach a deal to significantly cut U.S. corporate tax rates by the end of the year.

Samsung enters autonomous driving race with new business, funding

FRANKFURT (Reuters) - South Korea's Samsung Electronics Co Ltd plans to become a major player in autonomous driving, building on its recent $8 billion acquisition of audio and auto parts supplier Harman and its pole position in mobile communications markets.

FTC probes Equifax; top Democrat likens it to Enron

WASHINGTON (Reuters) - The U.S. Federal Trade Commission said on Thursday it was investigating Equifax Inc's massive data breach, a rare public confirmation, as a top Democrat suggested the credit-monitoring company's corporate leaders might need to resign.

Wild stock swings put Equifax options on traders' radar

NEW YORK (Reuters) - The heightened drama in Equifax Inc's shares after the credit reporting company last week disclosed a massive data breach has turned its sparsely traded options contracts into one of the busiest names in the U.S. options market.

Bitcoin exchange BTCChina says to stop trading, sparking further slide

BEIJING/SHANGHAI/LONDON (Reuters) - Chinese bitcoin exchange BTCChina said on Thursday that it would stop all trading from Sept. 30, setting off a further slide in the value of the cryptocurrency that left it over 30 percent away from the record highs it hit earlier in the month.

Judge Fox bid for Sky on merits not politics: James Murdoch

CAMBRIDGE, England (Reuters) - Britain should judge Rupert Murdoch's bid for broadcaster Sky on facts and not politics or risk stifling inward investment after Brexit, his son and fellow executive James Murdoch said on Thursday.