Tag Archives: Bitcoin

Financial Daily Dose 11.05.2019 | Top Story: Uber Posts Billion-dollar Q3 Losses But Improved Revenue

BY: Michael D. Reif | November 5, 2019

Uber reported another quarter of billion+ dollar losses, but as so many things on Wall Street & Silicon Valley tend to go, the news wasn’t all bad because those numbers were far better than the $5.2 billion it lost in Q2. Throw in a 30% revenue increase, and it was something of a solid day … Continue reading

Financial Daily Dose 10.8.2019 | Top Story: US blacklists 28 Chinese Tech Firms Even While Trade Talks Resume

BY: Michael D. Reif | October 8, 2019

The US has blacklisted 28 Chinese companies—mostly in the tech sector—over China’s “campaign targeting Uighurs and other predominantly Muslim minorities in the autonomous region of Xingjiang,” a move that’s drawn both criticism in China and also comes as the U.S. has actively sought to protect US tech giants in its various bilateral trade agreements – … Continue reading

Financial Daily Dose 6.28.2019 | Top Story: Ford Announces Job Cuts in Europe

BY: Michael D. Reif | June 28, 2019

Ford announced major cuts to its European workforce yesterday, announcing that it would reduce its overall headcount there by 1/5 (or about 12,000 workers), roughly half of whom are salaried employees. Ford first revealed the cuts in broad strokes earlier this year – NYTimes and WSJ Nissan has unveiled a recall of nearly half a … Continue reading

Financial Daily Dose 6.27.2019 | Top Story: DOJ Criminal Inquiry Into Chicken Industry Price Fixing

BY: Michael D. Reif | June 27, 2019

The DOJ has jumped on board claims made in existing civil class-action lawsuits and is considering criminal price-fixing charges against “some of the biggest American poultry companies, including Tyson Foods and Pilgrim’s Pride” based on allegation that Big Chicken “conspired to manipulate chicken prices” – NYTimes and Law360 Despite reportedly holding off on promised tariffs … Continue reading

Financial Daily Dose 6.24.2019 | Top Story: All Top US Banks Pass Fed’s Recent Stress Tests With Ease

BY: Michael D. Reif | June 24, 2019

Survived the road trip with flying colors, and now we’re back at it.  Let’s get caught up. Good news for the country’s biggest banks, as the Fed confirmed on Friday that all “could weather an extreme market shock—including double-digit unemployment and a 50% U.S. stocks decline—and still have enough capital to continue operating.” In other … Continue reading

Financial Daily Dose 5.28.2019 | Top Story: Fiat Chrysler and Renault in Talks to Merge

BY: Michael D. Reif | May 28, 2019

Fiat Chrysler and struggling post-Ghosn French automaker Renault are in talks to complete a merger of equals that could “reshape the global automobile industry.” If a deal is reached the combined company would be the third largest car company by sales in the world – NYTimes and WSJ and Bloomberg Fresh off an $85 million … Continue reading

Financial Daily Dose 5.21.2019 | Top Story: FCC Approves T-Mobile/Sprint Merger

BY: Michael D. Reif | May 21, 2019

FCC Chair Ajit Pai gave his agency’s stamp of approval to the pending $26 billion T-Mobile/Sprint merger on Monday, helping move the deal towards completion based on pledges from the companies to develop “a robust 5G network and sell off Boost Mobile, a Sprint-owned service produce that sells prepaid services” – NYTimes and WSJ and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 20, 2018

The downfall of Nissan’s Carlos Ghosn continues today with news that Ghosn has been arrested by Japanese prosecutors over the recently revealed whistle-blower complaint alleging that he had “been misrepresenting his salary as well as using company assets for personal use” – NYTimes and WSJ and Bloomberg and Law360 Of course, the Ghosn story is … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 16, 2018

A no-deal Brexit wouldn’t merely be a disaster for PM May’s government. It would wreak definite havoc on UK-based companies (and those that do big business there). Here’s what they’re sweating at the moment – WSJ Quick update related to the Juul announcement earlier this week restricting some of its advertising and bricks-and-mortar offerings. The … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 1, 2018

Dealbook takes a look at the difference between investors’ views of tech stocks on the way up vs. the way down. Namely, while tech helped pull all markets to record highs in 2018, their fall has been part of a “broad-based affair” that appears less about correcting a tech bubble and more about questioning “the … Continue reading