Reuters - Daily Investor Update

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Thursday, December 21, 2017

Goldman Sachs to set up cryptocurrency trading desk: Bloomberg

(Reuters) - Goldman Sachs Group Inc is setting up a trading desk to make markets in digital currencies like bitcoin, Bloomberg reported citing people familiar with the matter.

Wall Street rises with boost from banks, energy

(Reuters) - The three main U.S. stock indexes rose on Thursday as investors bet on more economically sensitive sectors, pushing bank and energy stocks higher.

U.S. economy grows at fastest pace in more than two years

WASHINGTON (Reuters) - The U.S. economy grew at its fastest pace in more than two years in the third quarter, powered by robust business spending, and is poised for what could be a modest lift next year from sweeping tax cuts passed by Congress this week.

U.S. tax plan forecast to give mild economic boost: J.P. Morgan

NEW YORK (Reuters) - The federal tax bill that Congress approved this week is expected to provide a modest lift to the U.S. economy in 2018 and 2019, as lower taxes should help consumer spending and business spending, J.P. Morgan economists said on Thursday.

U.S. Chamber flags financial reporting delays due to tax overhaul

WASHINGTON (Reuters) - Some U.S. listed companies may struggle to file their annual financial reports on time because the Republican-led overhaul of the country's tax system may prompt a raft of additional disclosures, the U.S. Chamber of Commerce warned on Thursday.

Boeing in tie-up talks with Brazil's Embraer

SAO PAULO/BRASILIA (Reuters) - Planemakers Boeing Co and Embraer SA are discussing a "potential combination of their businesses," the companies said on Thursday, in a move that could consolidate a global passenger jet duopoly.

Wells Fargo launches Stakeholder Advisory Council

(Reuters) - Wells Fargo & Co on Thursday launched an external advisory council tasked with providing insight and stakeholder feedback to the lender's board of directors and senior management.

World stocks climb on U.S. data, tax plan optimism

NEW YORK (Reuters) - Leading global stock markets drifted higher on Thursday in the wake of solid U.S. economic growth data and amid investor optimism following the recent passage of a $1.5 trillion tax cut plan in Washington.

Ex-Valeant CEO must arbitrate case over unpaid stock: U.S. judge

(Reuters) - A U.S. judge has ruled that former Valeant Pharmaceuticals International Inc Chief Executive Officer Michael Pearson must pursue his claim that the drugmaker owes him more than 3 million shares with an arbitrator rather than in court.

Brazil government has had no role in reported Embraer-Boeing talks: official

BRASILIA (Reuters) - The Brazilian government has had no role in reported merger talks between planemakers Boeing Co and Embraer SA , a senior official said on Thursday.