Reuters - Daily Investor Update

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Friday, January 5, 2018

Race car driver Tucker gets more than 16 years for lending scheme

NEW YORK (Reuters) - A Kansas businessman and race car driver was sentenced to 16 years and 8 months in prison on Friday for crimes related to his online payday lending business, which prosecutors said made more $3.5 billion as it exploited millions of cash-strapped consumers.

Wall Street caps best week in over a year to start 2018

NEW YORK (Reuters) - The S&P 500 and Nasdaq notched their best weekly gains in more than a year on Friday as technology stocks helped lift major indexes to record highs.

Verizon removes Bloomberg TV, refusing to pay carriage fees

(Reuters) - Verizon Communications Inc has pulled Bloomberg L.P.'s news network, Bloomberg TV, from 4.6 million of its pay-TV customers after the financial news provider asked the carrier to pay it for its content for the first time ever.

Oil retreats on U.S. output rise after hitting near 2-year high

NEW YORK (Reuters) - Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring U.S. production undermined a 10 percent rally from December lows that was driven by tightening supply and political tensions in OPEC member Iran.

U.S. job growth cools as labor market nears full employment; wages up

WASHINGTON (Reuters) - U.S. job growth slowed more than expected in December amid a decline in retail employment, but a pick-up in monthly wage gains pointed to labor market strength that could pave the way for the Federal Reserve to increase interest rates in March.

World stocks hit fresh highs, dollar undeterred by U.S. jobs report

NEW YORK (Reuters) - World shares continued their strong start to 2018, with European stocks closing higher and Wall Street advancing, while the U.S. dollar reversed its losses against the euro after a brief dip following the U.S. jobs report.

Intel downplays fears security patch will slow computers

(Reuters) - Intel Corp downplayed concerns that software updates to address security vulnerabilities in its computer chips will degrade performance of computers as businesses and consumers scrambled to figure out whether installing the patches would slow their machines.

Neiman Marcus names Ralph Lauren executive as CEO

(Reuters) - Neiman Marcus Group Ltd [NMRCUS.UL] on Friday named Geoffroy van Raemdonck, an executive at upscale clothing manufacturer Ralph Lauren Corp , to succeed Karen Katz as chief executive officer of the debt-burdened luxury retailer next month.

Constellation third quarter sales miss, no hit from legalized pot

(Reuters) - Constellation Brands Inc missed Wall Street estimates for third quarter revenue on Friday and said wine and spirit sales for the full-year would be at the low end of a previous forecast, sending its shares down as much as 4 percent.

Emerging markets pioneer Mark Mobius retires from Franklin Templeton

(Reuters) - Well-known emerging markets investor Mark Mobius will retire from Franklin Templeton Investments at the end of January, the investment fund said on Friday.