Tag Archives: CBS

Financial Daily Dose 8.14.2019 | Top Story: U.S. Backs Off New Tariffs on China Until December

BY: Michael D. Reif | August 14, 2019

In the internal battle between keeping China off balance and keeping Wall Street happy, the White House has decided once again to focus on the latter, walking back the latest tariff escalation by postponing promised enforcement until mid-December, a move that Wall Street considered “Christmas-saving” and rewarded with a surge in trading – NYTimes and … Continue reading

Financial Daily Dose 8.13.2019 | Top Story: Global Volatility Sends Bonds Yields to Near-Record Lows

BY: Michael D. Reif | August 13, 2019

A volatile August on Wall Street has insiders asking whether we should be taking our cues from 1998 or 2007 – NYTimes With that in mind, our financial term of the week is “countercyclical capital buffer,” a wonkish special for you econ diehards out there that’s a potential new tool for the Fed that would … Continue reading

Financial Daily Dose 8.12.2019 | Top Story: Saudio Aramco Releases Financial Ahead of Planned IPO

BY: Michael D. Reif | August 12, 2019

Saudi Aramco’s mega IPO plans are back on, and while valuation and other stumbling blocks remain, the kingdom is hoping to raise billions via the public offering as early as next year – WSJ and Bloomberg Russian authorities are opening an antitrust probe into Apple’s recent moves restricting and removing parental control apps from its … Continue reading

Financial Daily Dose 8.5.2019 | Top Story: HSBC Ousts CEO After 18 Months and Cuts 4,000 Jobs

BY: Michael D. Reif | August 5, 2019

HSBC chief John Flint is out just 18 months after he assumed the role as head of the London-based bank, likely due to clashes with Board Chair Mark Tucker and the lender’s focus on expanding in China. HSBC also announced it will shed 4,000 jobs in an effort to improve finances – Bloomberg and NYTimes … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 13, 2019

The White House strongly hinted yesterday that it will consider delaying the rapidly approaching March 2 deadline to reach a trade deal with China, “saying the United States might not impose higher tariffs on Chinese goods if talks with Beijing were going well.” That date has previously been characterized as “firm” – NYTimes Stocks liked … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 18, 2019

The White House is reportedly considering easing some tariffs on Chinese markets “as a way to calm markets and give Beijing an incentive to make deeper concessions in a trade battle that has rattled global economies.” The push to lift or eliminate some tariffs is pitting Treasury Secretary Mnuchin, who favors the idea, against US … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 10, 2018

As expected based on buzz from late last week, longtime CBS chief Les Moonves is out at the network he’s led for more than 20 years.  While his exit has been in the works for some time, a report out yesterday detailing new sexual harassment allegations against him likely influenced the timing of his departure … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 7, 2018

Jobs Report Friday! Here’s what to look for in the numbers – Bloomberg and NYTimes and WSJ Less than a day after the Journal reported that CBS and the Redstones are nearing a deal to resolve their many differences, we’ve learned that CBS chief Les Moonves—facing an investigation into alleged sexual harassment—is working with the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 31, 2018

Uber’s throwing in the towel on Otto, its self-driving truck unit that was at the center of an IP-theft scandal with Waymo and will shift its focus to autonomous cars – TechCrunch and DailyMail The CBS board of directors has agreed to keep now-embattled CEO Les Moonves in his job while it (and the outside … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 30, 2018

The Journal is breaking news this morning that American Express has been raising forex prices on customers for years “without notifying customers in a bid to boost revenue and employee commissions” – WSJ An explosive Ronan Farrow New Yorker expose has led to an official inquiry from the CBS board of directors into alleged sexual … Continue reading