Your Daily Dose of Financial News


Here’s why the phrase “weak dollar” was on everybody’s lips yesterday [and some thoughts on what it means for the US economy] – MarketWatch and WSJ and Bloomberg and Reuters

It’s getting worse before better at GE, which yesterday made a disclosure double whammy of a $9.8 billion Q4 loss and an SEC inquiry over the company’s accounting practices – NYTimes and WSJ and Law360

The Journal considers what we’ve learned about KPMG audits with the revelation earlier this week that former firm partners and employees have been indicted over leaks related to its regulator’s audit plans – WSJ [and Law360]

As expected when it sought bankruptcy protection last fall, Toys R Us has announced the closure of 182 stores—about 20% of its US locations—as part of its reorganization efforts – NYTimes

The SEC is warning lawyers advising companies over securities law compliance in their planned initial coin offerings to “act responsibly and hold themselves to high standards,” especially when it comes to Howey test consideration – Law360

What’s that I hear? A clamoring for top bank CEOs’ thoughts on the future of the markets (while, in some cases, bundled up against a rather chilly Swiss scene)? Done and done – Bloomberg

Marketplace on the Orwellian tradeoffs that come with the convenience of Amazon Go – Marketplace

I’m not going so far as to deem this a Cyberdyne skynet moment, but we’ll just keep an eye on these German scientists and their tiny walking, jumping, crawling, rolling, and swimming “minimalist robots” just the same – NYTimes