Monday 22 April 2019

Daily Investor Update: Tesla reveals computer chip at heart of self-driving initiative

Reuters.com Newsletter

Tesla reveals computer chip at heart of self-driving initiative

Tesla Inc unveiled on Monday technical details on the computer chip at the center of its self-driving strategy as Chief Executive Elon Musk tries to show that the electric car maker's massive investment in the sector will pay off.

Bombardier eyes higher sales from retrofitting trains

Canada's Bombardier Inc sees higher sales from modernizing existing rail cars as the company works to further diversify its largest division as measured in revenue, a spokesman said this month.

Nissan to reject new integration proposal from Renault: Nikkei

Nissan Motor Co Ltd will reject a management integration proposal from French partner Renault SA and will call for an equal capital relationship, the Nikkei newspaper said on Monday, citing sources.

Barclays to cut investment bankers' bonuses: FT

Barclays Plc is planning to cut bonuses for investment bankers as it steps up its defense against activist investor Edward Bramson ahead of next week's annual meeting, the Financial Times reported on Monday.

Starbucks' China challenger Luckin Coffee files for U.S. listing

Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, on Monday filed for an initial public offering with the U.S. Securities and Exchange Commission, after being valued at nearly $3 billion in its latest round of funding.

Herman Cain withdraws from consideration for Fed seat, Trump says

Herman Cain, facing resistance from his own political party, has withdrawn from consideration for a seat on the Federal Reserve Board, U.S. President Donald Trump said on Monday.

Wall Street pauses ahead of big earnings wave

U.S. stocks were little changed on Monday, as investors were cautious ahead of a barrage of quarterly earnings reports from major companies.

Oil jumps on U.S. plans to tighten Iran sanctions; dollar eases

Crude oil jumped almost 3% on Monday after the United States said it will take more steps to choke off Iranian oil exports, while U.S. equities were little changed as Wall Street braced for corporate results in a busy earnings week.

Oil hits 2019 high on U.S. plan to tighten squeeze on Iran

Oil prices jumped more than 2 percent on Monday to a near six-month high, on growing concern about tight global supplies after the United States announced a further clampdown on Iranian oil exports.

U.S. names experts to Boeing certification review panel

U.S. Transportation Secretary Elaine Chao said on Monday she named four experts to a blue-ribbon committee to review the Federal Aviation Administration's (FAA) aircraft certification process after two deadly Boeing 737 MAX crashes killed nearly 350 people.

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