Bhinneka News Online: Reuters Daily Investor Update: April 13, 2017

Thursday, 13 April 2017

Reuters Daily Investor Update: April 13, 2017

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Thursday, April 13, 2017

U.S. labor market tightening, inflation trending higher

WASHINGTON (Reuters) - The number of Americans filing for unemployment aid unexpectedly fell last week and consumer sentiment rose early this month amid continued optimism over household finances, suggesting a sharp slowdown in job growth in March was an aberration.

Wells Fargo's profit flat, costs and mortgages weigh

(Reuters) - Wells Fargo & Co posted flat quarterly earnings on Thursday and warned its costs would remain elevated as the fallout from a sales practices scandal continues to impact the third-largest U.S. bank.

Dollar rebounds, Treasury yields off lows, after Trump comments

NEW YORK (Reuters) - The U.S. dollar rebounded on Thursday after sliding a day earlier following remarks by President Donald Trump on the currency and interest rates, while a consumer sentiment survey helped lift U.S. Treasury yields off five-month lows.

Wall Street flat as investors parse bank earnings

(Reuters) - U.S. stocks were little changed on Thursday as investors weighed earnings from the top Wall Street banks and President Donald Trump's comments on the strength of the dollar.

Loan growth stalls despite profit, trading gains at some big banks

NEW YORK (Reuters) - Big U.S. banks revealed more evidence of a slowdown in loan growth after releasing earnings reports on Thursday, though executives said there is still healthy demand from borrowers and no reason to worry about the state of the economy.

Citi profit beats estimates as fixed-income trading jumps

(Reuters) - Citigroup Inc reported a higher-than-expected quarterly profit as the bank's fixed-income trading was boosted by clients adjusting their positions following rate hikes by the Federal Reserve and changes in the forex and credit markets.

JPMorgan profit tops analyst expectations on trading surge

(Reuters) - JPMorgan Chase & Co reported a 17 percent jump in quarterly profit on Thursday, topping analyst expectations as higher interest rates fueled trading activity and helped the largest U.S. bank earn more from lending.

Tesla's Musk tells disgruntled shareholders: Buy Ford

SAN FRANCISCO/DETROIT (Reuters) - A group of Tesla Inc investors has urged the luxury electric car maker to add two new independent directors to its board, without ties to Chief Executive Elon Musk, to "provide a critical check on possible dysfunctional group dynamics."

U.S. producer prices post first drop in seven months

WASHINGTON (Reuters) - U.S. producer prices fell in March for the first time in seven months, weighed down by a drop in the cost of services and energy products, but the

Lawmaker behind Swiss pay veto calls for Credit Suisse bonus cut

ZURICH (Reuters) - The lawmaker who instigated a shareholder veto over excessive management pay in Switzerland has urged investors to use this power to block 78 million Swiss francs ($78 million) in bonuses for Credit Suisse's top executives.