Reuters Business Today: June 13, 2017

Click to View in Browser Tuesday, June 13, 2017 Dow hits record high as banks gain, tech recovers (Reuters) - The Dow Jones Industrial Average hit a record intraday high as bank stocks rose ahead of a highly anticipated interest rate hike and as technology stocks rebounded. Fed set to raise interest rates, give more detail on balance sheet winddown WASHINGTON (Reuters) - The U.S. Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labor market and may also provide more detail on its plans to shrink the mammoth bond portfolio it amassed to nurse the economic recovery. U.S. producer prices unchanged as energy costs drop WASHINGTON (Reuters) - U.S. producer prices were unchanged in May as energy costs recorded their biggest decline in more than a year, suggesting inflation pressures were easing after rising at the start of the year. Oil edges down as OPEC sees market rebalancing at slower pace LONDON (Reuters) - Oil prices edged down on Tuesday after OPEC reported an increase in its production for May despite a supply cut agreement and said the oil market was rebalancing more slowly than expected. 'No going back' on GE digital push under new CEO, executives say BERLIN (Reuters) - General Electric will not abandon its high-tech strategy under its new chief executive even if the transition to digital equipment proves "uncomfortable" for many of its customers, senior managers said on Tuesday. Apple focusing on autonomous car system - CEO Cook on Bloomberg (Reuters) - Apple Inc is concentrating on technology for self-driving cars, Chief Executive Tim Cook said for the first time in an interview with Bloomberg. Exclusive: Renault-Nissan considers hidden bonus plan - documents PARIS (Reuters) - Renault-Nissan alliance bankers have drawn up plans designed to channel millions of euros in additional, undisclosed bonuses to Chairman Carlos Ghosn and other managers via a specially created service company, according to documents seen by Reuters. Bill Gross advises investors to cut risk on U.S. growth woes NEW YORK (Reuters) - Bond investor Bill Gross warned on Tuesday that investors should reduce their risk appetite, given the U.S. growth rate is stunted by secular forces "which monetary and even future fiscal policies seem unable to reverse." GM completes production of 130 Bolt self-driving cars (Reuters) - General Motors Co said on Tuesday it has completed production of 130 self-driving Chevrolet Bolt electric vehicles at its Orion assembly plant in Michigan. Wells Fargo employees paid for first time using new sales metrics (Reuters) - Wells Fargo & Co paid its branch employees for the first time in May using new sales metrics that focus on customer service, branch banking chief Mary Mack said at an investor conference Tuesday. Related Video Chinese tech investments in U.S. make Pentagon nervous Bain's 3 tips on managing time better 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