Tag Archives: Carl Icahn

Financial Daily Dose 11.14.2019 | Top Story: Fed Chair Talks Economy and Rates During Congressional Testimony

BY: Michael D. Reif | November 14, 2019

Fed Chair Powell was far from the main attraction on the Hill yesterday, but hey, let’s keep it on topic here and note his belief that the U.S. economy is performing well even as certain risks—including “sluggish growth abroad and trade developments”—remain (though aren’t enough to cut rates again any time soon) – NYTimes and … 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 5.31.2019 | Top Story: Fed Eyeing Global Stability in Future Rate-cut Decisions

BY: Michael D. Reif | May 31, 2019

Fed vice chair Richard Clarida, in comments to the Economic Club of NY on Thursday, hoped to calm turbulent markets by noting that central bank officials would indeed consider lower-than-desired inflation along with “global economic and financial developments” as part of any decision to move away from its current “patient stance” and “toward cutting interest … Continue reading