Your Daily Dose of Financial News

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Prime Minister Theresa May has proven herself to be a remarkably good political survivor in the face of tall odds, but even she will have a difficult time this time around. Members of her own Tory party have called for a no-confidence vote for her that’s set for later today – NYTimes and WSJ and Bloomberg

A recap of a long Tuesday morning for Google CEO Sundar Pichai before the House Judiciary Committee – NYTimes and WSJ and MarketWatch and Law360

Even while extradition to the US looms, a Canadian court has granted bail to Huawei CFO Meng Wanzhou. The court set bail at $7.5 million and will require Ms. Meng to stay at her Vancouver home while she awaits her fate – Bloomberg and NYTimes

Fresh off apparent confirmation that China will indeed reduce tariffs on US auto imports [WSJ and Bloomberg], the White House has revealed plans to “target China’s trade, cyber and economic policies,” all part of a “growing concern within the administration that China will not easily change its practices” – NYTimes

Verizon has taken a $4.5 billion charge related to its Oath media businesses, the holding company for AOL and Yahoo. The write-down is being viewed as a concession that Verizon’s “bet on high-profile internet properties and content several years ago hasn’t worked out as expected” – WSJ

Tencent Music will kick off its public offering later today, and after a “rocky process of going public,” it’s decided to price its stock “at the low ends of expectations” – WSJ

A Brooklyn federal jury has found guilty a former FDIC senior official accused of “stealing banks’ confidential regulatory filings known as ‘living wills’ that the government claims she copied so she could prepare for job interviews” – Law360

Netflix is expected to face some headwinds in 2019 in the form of powerful new rivals—including Disney and AT&T—that will launch streaming services in the new year that are likely to threaten Netflix’s dominance – Bloomberg

The markets’ renewed volatility is prompting some to take a closer look at the infrastructure—clearinghouses prime among it—that underpins the machinery that “powers global markets” – WSJ

Remember that whole “net neutrality dying means throttled internet speed” argument? Well, it died.  And it’s happening – Marketplace

After a markedly slow start to the year, the SEC “cranked out dozens of enforcement actions in the last few weeks of the 2018 fiscal year” and appears to be heading towards a busier 2019 – Law360

The FTC is accusing developers and Belize’s Atlantic International Bank of facilitating a $100 million real-estate investment scam aimed at Americans retiring abroad. As described in the Journal, “The developers were selling lots in a remote jungle area that they said would become a luxurious resort community. Instead, they pocketed the investors’ money and built little” – WSJ

We’ve spent some space already considering holiday goodies for big kids.  But what about the little learners among us? We’ve got you covered there, too – NYTimes

MDR

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