Reuters - Daily Investor Update

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Tuesday, July 18, 2017

Silicon Valley mostly quiet in internet surveillance debate in Congress

WASHINGTON (Reuters) - Facebook Inc, Alphabet Inc's Google, Apple Inc and other major technology firms are largely absent from a debate over the renewal of a broad U.S. internet surveillance law, weakening prospects for privacy reforms that would further protect customer data, according to sources familiar with the matter.

IBM's second-quarter revenue dips 4.7 percent

(Reuters) - International Business Machines Corp reported a 4.7 percent decline in quarterly revenue on Tuesday, hurt largely by weak demand in its technology services business.

Netflix catapults Nasdaq to record; Goldman drags Dow

NEW YORK (Reuters) - Major stock indexes were mixed on Tuesday, as Netflix's rally boosted the Nasdaq Composite to a record high while Goldman Sachs weighed on the Dow, with earnings taking investors' focus.

Carrefour Brasil IPO seen pricing at low end of range: sources

BOGOTA/SAO PAULO (Reuters) - Grupo Carrefour Brasil SA's initial public offering may price at the bottom of a suggested price range later on Tuesday, due to concern over a stretched valuation for Brazil's biggest supermarket chain, three people familiar with the matter said.

Factbox: 'Trump effect' priced out of some U.S. stocks

(Reuters) - The U.S. stock market gave a muted response to the overnight collapse in the U.S. Senate of legislation to repeal and replace the Affordable Care Act, as earnings - including from Goldman Sachs and Netflix - took the market's focus on Tuesday.

BNY Mellon names former Visa CEO to top job

(Reuters) - Bank of New York Mellon Corp said on Monday former Visa Chief Executive Charles Scharf will take the top job at the world's largest custody bank, where he will focus on boosting organic growth.

Oil rises on strong demand, falling Saudi exports

NEW YORK (Reuters) - Oil prices rose slightly on Tuesday as Saudi exports fell and solid demand soaked up some of what is seen as an oversupplied market, but Ecuador's decision to opt out of a supply reduction pact complicated the outlook for the OPEC-led cut agreement.

Chipotle shuts Virginia restaurant on norovirus worries, shares fall

(Reuters) - Chipotle Mexican Grill Inc closed a restaurant in Virginia because of a suspected norovirus outbreak among some diners, sending its shares lower on Tuesday.

U.S. banks pay up for big deposits as consumers get pennies

(Reuters) - Big U.S. banks are starting to pay corporations, financial firms and rich people more to hold on to their deposits, but ordinary consumers will have to wait longer to see more than a few pennies for every $100 they stash in their accounts.

Lockheed Martin tops estimates on F-35 sales, raises outlook

(Reuters) - Lockheed Martin Corp , the Pentagon's No. 1 weapons supplier, on Tuesday reported better-than-expected quarterly profit and said it expects increased defense spending under U.S. President Donald Trump to underpin its earnings this year.