Reuters Business Today: May 3, 2017

Click to View in Browser Wednesday, May 3, 2017 Fed holds interest rates steady, downplays economic weakness WASHINGTON (Reuters) - The U.S. Federal Reserve kept interest rates unchanged on Wednesday and downplayed weak first-quarter economic growth while emphasizing the strength of the labor market, in a sign it was still on track for two more rate rises this year. Wall Street slips as Fed holds on rates; financials rise (Reuters) - Wall Street ended slightly lower on Wednesday after the U.S. Federal Reserve held interest rates unchanged and investors digested another heavy round of earnings reports. Facebook profit surges 76.6 percent as ad sales jump (Reuters) - Facebook Inc reported a 76.6 percent surge in quarterly profit on Wednesday, fueled by robust growth in its mobile ad business. Tesla's revenue more than doubles, helped by record deliveries (Reuters) - Electric-car maker Tesla Inc reported quarterly revenue that more than doubled and also trumped analysts' expectations, driven by record deliveries of its Model X sports utility vehicles and Model S sedans. Google Docs warns customers about spam with malicious links (Reuters) - Alphabet Inc said on Wednesday it was investigating widespread reports about a spam campaign in which recipients received emails from known contacts that asked them to click on a link to review a Google Docs document. U.S. private hiring slows, services growth speeds up in April (Reuters) - U.S. companies hired workers at a slower but still-solid pace in April while the services sector grew more than expected, supporting the notion the economic expansion remains on track despite a weak first quarter, private reports released on Wednesday showed. Aetna adds Virginia to list of Obamacare exits for 2018 NEW YORK (Reuters) - Health insurer Aetna Inc said on Wednesday it will not sell Obamacare individual insurance plans in Virginia next year, a move it attributed to "growing uncertainty" in the market and $200 million in expected losses on the business this year. Oil mixed in choppy trading after U.S. crude stocks data NEW YORK (Reuters) - Oil prices were little changed on Wednesday in a volatile session as the market mulled U.S. government data showing that while there were signs a crude glut may be receding, crude inventories remain large with gasoline demand weak. VW resumes U.S. diesel sales after emissions scandal WASHINGTON (Reuters) - Volkswagen AG said on Wednesday it resumed selling diesel cars in the United States last month, and that they accounted for nearly 12 percent of its April sales, a sign consumer demand for such cars had not been dampened by its emissions scandal. Einhorn, nursing losses on Tesla, says investors 'hypnotized' by Musk NEW YORK (Reuters) - Hedge fund manager David Einhorn said on Wednesday that investors remain charmed by Tesla Inc Chief Executive Elon Musk, boosting the stock by 30 percent in the first quarter, even though the electric car maker's performance did not justify such gains. Related Video Fed holds interest rates steady Microsoft, Apple scramble to keep up with Google school success Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook