Your Daily Dose of Financial News

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DealBook’s Common Sense column takes a look at the AT&T/Time Warner deal and the “battle lines” forming for an “epic” antitrust battle, in spite of the vertical nature of the merger (the companies don’t compete in any significant way in their primary lines of business) – NYTimes [and WSJ and Bloomberg]

Meanwhile, over at the FCC—well, it’s a different story altogether – NYTimes

Streetwise is on the side of those calling for an overhaul at the Fed… at least as far communications go.  All that forward guidance that the Fed has worked so hard on so as to avoid surprising the market is, according to Mr. Mackintosh, leaking “a slow poison into the markets” – WSJ

Just weeks after the SEC’s in-house courts cleared NY financier Lynn Tilton of wrongdoing over alleged fraud, Tilton is facing new claims that she mismanaged funds under her purview by withholding funds after a raft of defaults in her portfolio – Bloomberg

Word is emerging from D.C. that White House budget director Mick Mulvaney is the frontrunner to replace Richard Cordray as head of the CFPB. As a member of Congress, Mulvaney co-sponsored legislation to shut down the agency altogether – NYTimes and WSJ

Buoyed by grocery and e-commerce sales, Wal-Mart just posted massive Q3 sales numbers – WSJ

Aaaand, the Bitcoin rollercoaster is back up on top, surging to a new record high just days after its nearly 30% drop – Bloomberg

On cue, new SEC Chair Jay Clayton let it be known that his office will start taking action against ICOs who fail to register with his agency or comply with federal law – Law360

Clothes-in-a-box startup Stitch Fix is expected to price its shares at $15-16 in its IPO, a fair bit below its target range of $18-20/share – WSJ and MarketWatch

Loving these Day 1 Award winners from the 2017 World Architecture Festival.  A generous nod to a local entry doesn’t hurt the cause at all – ArchDaily

Have a great weekend,
MDR

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