Reuters - Daily Investor Update

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Friday, March 31, 2017

Wall Street's rock-solid quarter ends with a loss

(Reuters) - Wall Street fell on Friday, pulled down by Exxon and JPMorgan Chase as investors wrapped up a strong quarter and weighed whether corporate earnings reports will justify the market's lofty valuations.

Credit Suisse under fire as clients hunted for tax evasion

AMSTERDAM/ZURICH (Reuters) - Swiss bank Credit Suisse has been dragged into yet more tax evasion and money laundering investigations, after a tip-off to Dutch prosecutors about tens of thousands of suspect accounts triggered raids in five countries.

Boeing's newest, largest Dreamliner completes first flight

NORTH CHARLESTON, S.C. (Reuters) - Boeing Co's newest and largest Dreamliner model, the 787-10, successfully made its first flight on Friday, kicking off a test program for the high-tech jet.

Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO

NEW YORK (Reuters) - U.S. mortgage finance giants Fannie Mae and Freddie Mac may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according to an analyst at BMO Capital Markets on Friday.

Global stocks dip as investors lock in gains after strong quarter

NEW YORK (Reuters) - An index of world stocks dipped on Friday as investors locked in a quarterly gain that has given equities their best start to a year since 2012, while oil prices finished their worst quarter since 2015.

Credit Suisse launches internal investigation after offices searched in tax probe

ZURICH (Reuters) - Credit Suisse is conducting an internal investigation over whether staff breached compliance rules after three of its offices were searched in tax evasion probes, the head of its International Wealth Management division said on Friday.

BlackRock's active gambit ups pressure on rivals

NEW YORK/BOSTON (Reuters) - BlackRock Inc's decision to revamp part of its stock-picking business puts further pressure on active U.S. equity managers to cut fees, change products and merge to stem a relentless, 12-year decline in assets.

Oil retreats, set to become first quarter's worst-performing asset

NEW YORK (Reuters) - Oil prices fell on Friday after a three-day rally ran out of steam as a higher U.S. rig count signaled rising production from shale, contributing to the global supply glut.

Major internet providers say will not sell customer browsing histories

WASHINGTON (Reuters) - Comcast Corp, Verizon Communications Inc and AT&T Inc said Friday they would not sell customers’ individual internet browsing information, days after the U.S. Congress approved legislation reversing Obama administration era internet privacy rules.

Snapchat adds more accessible search feature

(Reuters) - Snap Inc said on Friday its Snapchat messaging app would add an option for users to search through photos and videos that users have posted to the public.