Reuters Daily Investor Update: August 21, 2015

Click to View in Browser Friday, August 21, 2015 Oil ends down more than 2 percent as U.S. drilling points to glut NEW YORK (Reuters) - U.S. oil prices traded below $40 a barrel for the first time since the 2009 financial crisis, ending 2 percent lower on Friday on signs of U.S. oversupply and weak Chinese manufacturing and notching the longest weekly losing streak in almost three decades. Wall Street plunges on global economic worries (Reuters) - The S&P 500 suffered its biggest daily percentage drop in nearly four years on Friday as fears of a China-led global slowdown continued to rattle investors. Expensive Shake Shack short bets may have paid off SAN FRANCISCO (Reuters) - Investors short-selling Shake Shack Inc may have made money over the past week, even after paying exorbitant interest rates to borrow the stock. Tesla engineer joins Apple's growing team of automated car experts DETROIT/SAN FRANCISCO (Reuters) - Consumer electronics company Apple Inc has hired a senior engineer from electric car maker Tesla Motors Inc , according to a LinkedIn posting, as part of Apple's effort to build a team of experts in automated driving. Boeing on track to meet 737 MAX production targets: spokesman (Reuters) - Boeing Co remains on track to meet production targets it has set for its 737 MAX jetliner, a company spokesman said on Friday following a report on industry concerns that slow output at supplier GKN PLC could cause delays. Uber seen reaching $10.8 billion in bookings in 2015: fundraising presentation BEIJING (Reuters) - Uber Technologies Inc's [UBER.UL] global bookings are projected to rise nearly threefold to $10.84 billion this year and reach $26.12 billion the next, according to a recent presentation for potential investors seen by Reuters. OPEC concern widens about oil drop, but cuts still ruled out DUBAI/LONDON (Reuters) - Some of OPEC's Gulf members are concerned about the latest drop in oil prices which had not been expected, OPEC delegates said, but they see little chance of the exporting group diverting from its policy of defending market share. U.S. agency opens probe into 2008 Honda Accord air bag controller DETROIT (Reuters) - U.S. safety regulators have opened an investigation into air bags on Honda Motor Co's 2008 Accord sedans after 19 complaints of air bags failing to deploy including in a front crash that resulted in an injury, federal officials said on Friday. Disappointing business surveys intensify world growth fears LONDON (Reuters) - Signs China's economic slowdown is deepening and weak growth in Europe and the U.S. reported on Friday further damaged the outlook for the global economy, sending stocks and commodity prices reeling. Deere shares fall 8 percent following weak third-quarter results (Reuters) - Deere & Co reported that third-quarter profit tumbled 40 percent on weak demand for agricultural equipment and a stronger dollar, and gave a bleaker forecast for fourth-quarter equipment sales, sending shares sliding more than 8 percent. Related Video Fed rate hike could be delayed until 2016 - Nick Colas Breakingviews: The oversharing economy Related News Goldman braces for big demand for U.S. government money market funds Wells Fargo plans to hire investment bankers Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2015 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook