Reuters - Daily Investor Update

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Friday, July 7, 2017

U.S. banks face variety of risks, financial performance strong: regulator

WASHINGTON (Reuters) - U.S. banks face a variety of risks, and many of those may lay beyond their control, according to a review released by banking's top federal regulator on Friday that found the sector's financial performance remains strong.

Apple challenges Imagination Technologies' disclosure timing

(Reuters) - Apple Inc on Friday disputed the timeline of events leading up the disclosure by Imagination Technologies Group Plc that Apple plans to drop the graphics chip supplier, a loss of the UK company's largest customer that sent shares plummeting.

Wall Street climbs after jobs data as tech, financials rise

NEW YORK (Reuters) - Wall Street stocks closed on a high note Friday, with the S&P 500 index posting its best gain in six sessions on the heels of a U.S. payrolls report that gave investors more confidence in the strength of the U.S. economy.

Exclusive: Elliott explores bid to challenge Buffett's Oncor deal - sources

(Reuters) - Elliott Management Corp, the largest creditor of the bankrupt parent of Texas power transmission company Oncor Electric Delivery Co, is exploring putting together a bid for the company that would top Warren Buffett's $9 billion all-cash deal, people familiar with the matter said on Friday.

Stocks, dollar, Treasury yields up after U.S. jobs report

NEW YORK (Reuters) - Wall Street stocks rose on Friday along with the U.S. dollar and Treasury yields after data showed stronger-than-expected U.S. jobs growth but wage increases missed forecasts.

Tesla third-quarter deliveries to include 3,500 vehicles in transit

(Reuters) - Tesla Inc said current-quarter deliveries would include about 3,500 vehicles that were in transit to customers at the end of the second quarter, on a day the electric-car maker's first Model 3 rolls off the assembly line.

Germany's Innogy enters Californian electric car charging market

FRANKFURT (Reuters) - Innogy, Germany's biggest energy company, has set up a subsidiary in the U.S. state of California offering charging points for electric vehicles in competition with the top network ChargePoint.

Elliott explores bid to challenge Buffett's Oncor deal -sources

(Reuters) - Elliott Management Corp, the largest creditor of the bankrupt parent of Texas power transmission company Oncor Electric Delivery Co, is exploring putting together a bid for the company that would challenge Warren Buffett's $9 billion all-cash deal, people familiar with the matter said on Friday.

Oil prices slide 2.5 percent on rising global crude supplies

NEW YORK (Reuters) - Oil prices fell more than 2.5 percent on Friday after data showed U.S. production and rig counts rose last week just as OPEC exports hit a 2017 high, casting doubt over efforts by producers to curb global oversupply.

Tech's market leadership over? Not so fast

NEW YORK (Reuters) - Technology shares surrendered their leadership in the U.S. stock market over the past month, but the fast-growing group may soon resume its outperformance and maneuver back into pole position.