Wednesday, November 22, 2017
Morning Brief will resume Monday, November 27. Have a Happy Thanksgiving!
What to watch today
The last full trading day of the week will bring investors a light earnings schedule and three economic data points worth tracking.
In the morning, earnings from Deere & Co. (DE) will be the main corporate highlight, with the economic schedule bringing investors the weekly report on initial jobless claims, the University of Michigan’s latest report on consumer sentiment, while the afternoon will see the release of the minutes from the latest FOMC meeting.
Markets in the U.S. will be closed on Thursday for Thanksgiving and open just a half day on Friday.
Uber paid hackers to cover up massive data breach: Uber Technologies Inc. paid hackers $100,000 to keep secret a massive breach last year that exposed the personal information of about 57 million accounts of the ride-service provider, the company said on Tuesday. [Reuters]
Whitman stepping down as HP Enterprise CEO: Meg Whitman will end a six-year tenure that included overseeing one of the biggest corporate breakups in history. Shares of Hewlett Packard Enterprise Co. (HPE) fell more than 6% in after-hours trading. [Reuters]
Yellen says Fed needs to avoid ‘boom-bust’ cycle: Federal Reserve Chair Janet Yellen said Tuesday that the biggest challenge facing the central bank in coming years will be to craft an interest rate policy that avoids putting the economy through a “boom-bust” cycle. [AP]
JPMorgan weighs offering CME bitcoin futures: JPMorgan Chase & Co. is weighing whether to help clients bet on the price of bitcoin via the CME Group Inc.’s proposed futures contracts, according to a person with knowledge of the situation. The largest U.S. bank is gauging client demand and the potential risks of facilitating their trades. [Bloomberg]
Mueller probes Kushner’s contacts with foreign leaders: Robert Mueller’s investigators are asking questions about Jared Kushner’s interactions with foreign leaders during the presidential transition, including his involvement in a dispute at the United Nations in December, in a sign of the expansive nature of the special counsel’s probe of Russia’s alleged meddling in the election, according to people familiar with the matter. [The Wall Street Journal]
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