Your Daily Dose of Financial News


The full wrap of two days on the Hill for Zuck, including a Wednesday morning of generally more pointed questions from the House than he saw in the Senate – NYTimes and Bloomberg

Some analysis of the Fed’s march meeting minutes, including officials’ confidence that the US will hit its 2% inflation target in coming years – WSJ and Bloomberg

A slightly closer reading of President Xi’s economic speech from Tuesday, in which yes, he calmed markets, but also preached openness and free trade despite ruling a country that imposes broad economic and social restrictions on its people and outsiders and has ramped up surveillance efforts in recent years – NYTimes

We’ve got something of an activist war brewing over the fate of Newell Brands’ board, with Starboard Value pushing back against a leadership slate proposed by Carl Icahn—Newell’s third largest shareholder – Bloomberg

Tax day keeping you up at night? Imagine the plight of hedge fund billionaire John Paulson. Paulson, who famously bet against subprime mortgages and made $4 billion (personally) in the process, deferred taxes on those profits and now finds himself facing a $1 billion+ payment come next Tuesday – WSJ

SDNY Judge Lorna Schofield hinted this week that holdout Credit Suisse AG has a good chance of beating a proposed class certification motion in a suit accusing it of rigging Forex – Law360

Details on yet another major regulatory proposal from the Fed and the OCC that would “scrap an existing method for measuring each bank’s borrowing limits and instead tailor restrictions to the risks posed by specific firms” – Bloomberg and MarketWatch and Law360

China’s HNA Group appears to have helped its massive debt load substantially with its recent early exit from its Hilton hotel chain investment, earning $2 billion in profits from its $6.5 billion stake (a more-than 60% return for HNA, as “the company used borrowed money to finance more than half of its investment”) – WSJ

What to do when you’re facing that big test and a cell phone ban but you’ve gotta have your tunes? You stick it to the man old school, of course – Mashable