Tag Archives: cryptocurrency

Your Daily Dose of Financial News

BY: Michael D. Reif | January 29, 2019

California’s trouble-plagued Pacific Gas & Electric utility has filed for Chapter 11 bankruptcy, listing debts of more than $51.7 billion. The company has struggled in recent years with the alleged role of its equipment in igniting a “series of devastating wildfires that killed more than 100 people and scorched hundreds of thousands of acres in … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 14, 2018

It was quite a run, but on Thursday, ECB chief Mario Draghi announced that the bank is finally putting an end to the quantitative easing program it’s used “to hold down interest rates and encourage lending” since 2015.  The move has been in the works for some time, but it remains controversial, as doubts about … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 28, 2018

GM’s Monday announcement about cutting 14,000 North American jobs drew the ire of the White House yesterday, which threatened to “end federal tax credits” that have helped subsidize the company’s electric-vehicle fleet – NYTimes and WSJ and Bloomberg Another day, another Amazon Empire-expansion story. This time, the focus is Bezos & Co.’s sale of software … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 15, 2018

In what can only be described as a Lazarus-like return, the Ex-Im Bank is reportedly nearly back on its feet again. The White House has chosen Kimberly Reed to helm the agency after prior nominee Scott Garrett was rejected by the Senate in December. Her confirmation could help push along a “three-year freeze that has … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 12, 2018

Germany’s diesel emissions scandal bears a lot of resemblances to the Wells Fargo debacle here at home.  It just can’t seem to quit itself. This week, we’ve learned that German authorities have opened a criminal inquiry into to Audi exec Rupert Stadler over possible fraud and have ordered Daimler to recall “hundreds of thousands of … Continue reading