Bhinneka News Online: Daily Investor Update: Wall St. powered higher by tech, Amazon results

Friday 27 October 2017

Daily Investor Update: Wall St. powered higher by tech, Amazon results

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Friday, October 27, 2017

Wall St. powered higher by tech, Amazon results

NEW YORK (Reuters) - Wall Street climbed on Friday as a surge in the tech sector and a rally in Amazon shares helped push the Nasdaq to its best day in nearly a year.

After CSeries deal, Bombardier aero unit faces uncertain future

MONTREAL (Reuters) - Bombardier Inc secured the future of its struggling CSeries jet but still needs to find ways to spur growth in other units that have aging products or face larger rivals, industry players and analysts said.

Exxon, Chevron results linked to oil price, not cost cuts

HOUSTON (Reuters) - Rising oil and natural gas prices boosted third-quarter profits at Exxon Mobil Corp and Chevron Corp by about 50 percent, underscoring how reliant they remain on commodity markets for their financial futures than better technology or cost cuts.

Euro headed for worst week of year; earnings boosts stocks

NEW YORK (Reuters) - The euro was on track for its worst week in 2017, undermined by the Catalan parliament's independence vote and the European Central Bank's decision to prolong its bond purchases to keep interest rates low, while robust corporate earnings helped world equity markets advance.

Exxon, investors huddle on climate data as proxy deadline looms

BOSTON (Reuters) - Activist Exxon Mobil Corp investors, five months after winning a landmark shareholder vote, are still pressing the company for an analysis on how its business could be affected by regulations aimed at limiting climate change.

U.S. investigating forex trading at Wells Fargo: WSJ

(Reuters) - Federal prosecutors are investigating foreign-exchange trading at Wells Fargo & Co and have subpoenaed information from the firm, the Wall Street Journal reported, citing people familiar with the matter.

Alphabet's mobile ad revenue surges; shares jump

(In paragraph 22, corrects Other Bets segment losses to millions of dollars, not billions in October 26 story.)

McDonald's sets new welfare standards for chicken suppliers

CHICAGO (Reuters) - McDonald's Corp will require suppliers to improve the living conditions and slaughter process for chickens raised to be served in its restaurants, the company said on Friday, the latest changes affecting popular menu items like McNuggets.

U.S. probes Ford Fusion cars over steering wheels that may detach

WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration said Friday it was opening a preliminary investigation into 841,000 Ford Motor Co vehicles over concerns the steering wheels may get detached while the cars are in motion.

Inventories, trade shield U.S. economy from hurricane headwinds

WASHINGTON (Reuters) - The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction.