Reuters Daily Investor Update: August 28, 2015

Click to View in Browser Friday, August 28, 2015 Wall St. ends flat as investors gauge Fed NEW YORK (Reuters) - Wall Street ended near flat on Friday after comments by a top Federal Reserve official suggested that a September rate rise was more likely than some investors expected. Fed says rate hike next month hinges on market volatility JACKSON HOLE, Wyo. (Reuters) - The U.S. Federal Reserve on Friday left the door open to a September interest rate hike even while several central bank officials acknowledged that turmoil in financial markets, if prolonged, could delay monetary policy tightening. U.S. crude jumps 6 percent in second day of short-covering frenzy NEW YORK (Reuters) - U.S. crude rose 6 percent on Friday, notching its first weekly gain in two months, after a rally in gasoline from refinery outages and concerns about strife in Yemen fed a second frenzied day of short-covering in oil. Wild week for markets set to end quietly NEW YORK (Reuters) - A volatile ride for global markets this week looked to end calmly on Friday even as lingering worries over Chinese economic growth and the Federal Reserve's plans to raise interest rates weighed on stocks, but oil rebounded sharply for a second day. Pentagon teams up with Apple, Boeing to develop wearable tech MOUNTAIN VIEW, Calif. (Reuters) - U.S. Defense Secretary Ash Carter awarded $75 million on Friday to help a consortium of high-tech firms and researchers develop electronic systems packed with sensors flexible enough to be worn by soldiers or molded onto the skin of a plane. Fed's Lockhart says 50/50 odds for Sept hike seem reasonable: report WASHINGTON (Reuters) - A key Federal Reserve policymaker on Friday said it was reasonable to see the odds of a rate hike in September as roughly even. Autos lift U.S. consumer spending; sentiment slips WASHINGTON (Reuters) - U.S. consumer spending rose in July as households stepped up automobile purchases, offering further evidence of strength in the economy that keeps the door open to a Federal Reserve interest rate hike this year. Carmakers scramble to adapt to slowing Chinese demand NEW YORK (Reuters) - China's demand for luxury cars used to move in one direction - up. Now, the prospect of a sustained slump in Chinese demand, prompted by sharp declines in Chinese equity markets and a devaluation of the yuan, has global auto manufacturers scrambling to find new markets to sell goods. Payments glitch at HSBC leaves thousands of Britons without wages LONDON (Reuters) - Thousands of Britons failed to receive their wages on Friday when a problem at Europe's biggest bank HSBC prevented some of its business customers from making payments. Moody's cuts 2016 global growth forecasts LONDON (Reuters) - Credit rating firm Moody's cut its 2016 global economic growth forecasts on Friday, with China and United States both trimmed and Russia and Brazil seen staying in recession. Related Video Ashley Madison's CEO steps down Americans making and spending more money Related News Investors still in the dark as cyber threat grows BNY Mellon glitch roiled pricing on U.S. funds with $404 billion in assets 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