Morning Reading Summary
- Barron's out positive on J.M. Smucker (SJM)
- Bloomberg reports that Uber (Pending: UBER) held a conference call with investors, in which it assured an improvement in bookings, narrowing losses, and a possible settlement with Alphabet's (GOOG) Waymo
- Bloomberg reports that Glencore (GLNCY) is seeing interest from Liberty House Group for its Tahmoor mine
- Digitimes reports that worldwide tablet shipments are expected to continue to weaken in the second half of this year (Related: AAPL, SSNLF, GOOG, etc..)
- Fast Company reports that Apple (AAPL) is experiencing software issues with its newest iPhone, which could reportedly lead to production and delivery delays
- The FT reported late yesterday that Spotify has reached a new licensing deal with Sony (SNE) Music (Related: P, SIRI, etc..)
- Reuters reports that Symantec (SYMC) is weighing a possible sale of its website certification unit
- Reuters reports that Saudi Arabia may cut crude output in August to its lowest level of the year to balance out a rise in domestic consumption (Related: USO, UCO, etc..)
- Reuters details that Apple (AAPL) has established its first data center in China
- Reuters reports that Toshiba (TOSBF) has regained access to a $6 bln credit line
- Reuters reports that Goldman (GS), JPMorgan (JPM), & HSBC (HSBC) are all actively vying for lead roles in the IPO of ADNOC's retail unit
- The WSJ details that Visa (V) plans to offer merchants $10k for technology upgrades and marketing costs if they agree to eventually stop accepting cash (Related: MA, AXP, DFS, COF etc..)
- The WSJ's Heard on the Street column out positive on JPMorgan Chase (JPM), Citigroup (C), Wells Fargo (WFC), & PNC (PNC) ahead of Q2 earnings
- The WSJ's Heard on the Street column out positive on British American Tobacco (BTI)