Tuesday 23 July 2019

Daily Investor Update: Oil rises near $64/bbl on second downed Iranian drone

Reuters.com Newsletter

Oil rises near $64/bbl on second downed Iranian drone

Oil rose to almost $64 on Tuesday, jumping late in the session after the head of U.S. Central Command said the United States may have taken down a second Iranian drone over the Strait of Hormuz last week.

White House's Kudlow hopeful on U.S.-China trade talks, agriculture buys

White House economic adviser Larry Kudlow on Tuesday said it was a good sign top U.S. officials would travel to China for in-person talks about reviving stalled trade talks, and said he expected Beijing to start buying U.S. agriculture products soon.

Equifax's $700 million data breach settlement spurs criticism, calls for new rules

Credit-reporting company Equifax Inc will pay up to $700 million to settle claims it broke the law during a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that was nonetheless criticized by consumer advocates and some lawmakers who called for stricter regulation.

Equifax consumers face uphill battle for claims

Consumers affected by the massive Equifax Inc data breach in 2017 will not reap any windfalls from the credit reporting company's $700 million U.S. settlement announced on Monday, but may face a cumbersome process to get compensation.

Facebook to settle FTC privacy allegations, adopt new policies: sources

The Federal Trade Commission is set to announce on Wednesday that Facebook Inc has agreed to a sweeping settlement of allegations it mishandled user privacy and pay roughly $5 billion, two people briefed on the matter said.

Wall Street approaches record high on earnings optimism

The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies, while a debt ceiling and budget deal between President Donald Trump and Congress also buoyed sentiment.

Lockheed to move F-35 jet parts sourcing to U.S. from Turkey

Lockheed Martin Corp said on Tuesday it was working to establish alternate supply sources for F-35 parts in the United States after the Pentagon decided last week to remove Turkey from the fighter jet program.

Sales to emerging markets a bright spot for Harley Davidson

Harley-Davidson Inc on Tuesday reported stronger sales in China and other Asian markets and said U.S. sales should improve in the second half of the year, positive news that offset a cut to its full-year motorcycle forecast and sent shares up 5.3 percent.

Bed Bath & Beyond cuts 7% of corporate staff, including COO

Furnishing retailer Bed Bath & Beyond Inc said on Tuesday its chief operating officer was departing as part of its move to cut 7% of corporate staff, following a review of office costs.

Alibaba welcomes U.S. small businesses to sell globally on its platform

Chinese e-commerce giant Alibaba Group Holdings Ltd will allow small U.S. businesses to sell on Alibaba.com, the company said on Tuesday, as it seeks to tap into the business-to-business e-commerce market and fend off rivals like Amazon.com Inc .

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