Tag Archives: China

Financial Daily Dose 9.13.2019 | Top Story: ECB Cuts Rates and Restarts QE in Effort to Preempt European Downturn

BY: Michael D. Reif | September 13, 2019

The ECB was even more aggressive than expected in its moves to “head off a downturn before it gained momentum,” cutting a key interest rate and reviving “a money-printing program.” At the same time, the central bank “issued an unusually strong call for eurozone governments to do more of the economic heavy lifting” – NYTimes … Continue reading

Financial Daily Dose 9.11.2019 | Top Story: Hong Kong Stock Exchange Makes Surprise Bid for London Exchange

BY: Michael D. Reif | September 11, 2019

There’s some surprise market wheeling and dealing afoot this morning. The Hong Kong stock exchange has offered to buy its London counterpart as part of a deal valued at $37 billion that would connect “the established financial markets in the West with the emerging financial markets in the East” – NYTimes and WSJ and Bloomberg … Continue reading

Financial Daily Dose 9.6.2019 | Top Story: A Preview of Today’s U.S. August Jobs Report

BY: Michael D. Reif | September 6, 2019

Jobs Report Friday! Here’s what to look for in the numbers – WSJ and Bloomberg and NYTimes The White House has rolled out its “long-awaited plan” to return federal mortgage giants Fannie Mae and Freddie Mac to the private sector. The proposal takes the form of a 49-recommendation approach that’s “unlikely to find an eager … Continue reading

Financial Daily Dose 9.5.2019 | Top Story: YouTube Fined $170 Million for Violating Kids’ Privacy Law

BY: Michael D. Reif | September 5, 2019

Google will pay a “record $170 million fine and make changes to protect children’s privacy on YouTube” as part of a deal it reached this week with the FTC and NY AG’s office, both of whom had accused YouTube of “violating the federal Children’s Online Privacy Protection Act, or COPPA.” Though the fine is the … Continue reading

Financial Daily Dose 9.4.2019 | Top Story: UK Parliament Rebels to Defy Prime Minister on Brexit

BY: Michael D. Reif | September 4, 2019

Aaaand, we’re back at it.  Hope all enjoyed a good holiday weekend. One can prorogate all one wants, but raise the ire of British MPs, and a price will be paid, my friends. So goes the story for PM Boris Johnson, against whom British lawmakers “rose up” on Monday to “prevent him from taking the … Continue reading

Financial Daily Dose 8.30.2019 | Top Story: E-cig Company Juul Faces Federal Probes into Marketing and Health Concerns

BY: Michael D. Reif | August 30, 2019

The FTC has opened a probe into e-cigarette maker Juul’s marketing practices, including allegations that the company “used influencers and other marketing to appeal to minors” – WSJ The inquiry only adds to Juul’s federal agency concerns – Bloomberg Saudi Aramco unveiled plans on Thursday for a two-stage IPO that with debut on the Saudi … Continue reading

Financial Daily Dose 8.27.2019 | Top Story: OK Judge Hits Johnson & Johnson With $572 Million Fine in Opioid Trial

BY: Michael D. Reif | August 27, 2019

A bad day for J&J in Oklahoma at the close of the state’s trial against Johnson & Johnson means that the company’s on the hook for upwards of $572 million for its role in the opioid crisis that’s decimated swaths of the state. The trial was the first against an opioid manufacturer and bodes ill … Continue reading

Financial Daily Dose 8.26.2019 | Top Story: Amgen to Pay More Than $13 Billion for Otezla

BY: Michael D. Reif | August 26, 2019

Amgen will pay $13.4 billion in cash to buy psoriasis treatment Otezla, a deal that will “pave the way for Bristol-Myers Squibb to complete its acquisition of Celgene” by addressing “regulatory concerns over their union” – WSJ Fed Chair Powell seemed to hit just about all the right notes in Jackson Hole on Friday (with … Continue reading

Financial Daily Dose 8.23.2019 | Top Story: Financial World Anxiously Awaits Fed Chair’s Jackson Hole Speech for Rate-Cut Clues

BY: Michael D. Reif | August 23, 2019

Jackson Hole’s beautiful this time of year. But that’s not why you’ll be hearing all about it today. Nope, more relevant for our purposes is the gathering there of top economists from around the world and the hotly anticipated comments this morning from Fed Chair Powell, who must once again dance on a tightrope while … Continue reading

Financial Daily Dose 8.20.2019 | Top Story: Top Execs Signal Shift in Corporate Priorities Beyond Just Shareholder Gain

BY: Michael D. Reif | August 20, 2019

A survey of the country’s most powerful CEOs by the Business Roundtable shows an interesting shift in how they view their top priority—no longer does advancing the interests of shareholders take the top spot. Instead, the leaders identified investing in employees, delivering value to customers, and dealing “fairly and ethically with their suppliers” as primary … Continue reading