Tag Archives: Elon Musk

Financial Daily Dose 8.1.2019 | Top Story: Fed Cuts Rates for First Time Since 2008

BY: Michael D. Reif | August 1, 2019

The Fed delivered on its expected quarter-point rate cut yesterday, the first decrease in short term rates since 2008. Fed Chair Powell cited “the implications of global developments for the economic outlook as well as muted inflation pressures” as reasons for the move, though by not promising a “rate-cutting campaign,” Powell gave markets plenty of … Continue reading

Financial Daily Dose 7.25.2019 | Top Story: Facebook to Add Privacy Measures Under FTC Deal

BY: Michael D. Reif | July 25, 2019

Facebook and the FTC have agreed to terms on a settlement addressing the social network’s privacy violations in recent years. Along with the previously reported $5 billion fine, the deal will require Facebook to “add new positions and practices to increase the transparency and accountability of how it treats people’s information” – NYTimes and WSJ … Continue reading

Financial Daily Dose 7.23.2019 | Top Story: Apple to Buy Intel’s Smartphone Modem Chip Division

BY: Michael D. Reif | July 23, 2019

Apple is in “advanced talks” to snap up Intel’s smartphone-modem chip business, a portfolio “of patents and staff valued at $1 billion or more.” The deal, should it close, would go far in prepping Apple for the arrival of next gen 5G wireless technology – WSJ and MarketWatch and Bloomberg With a cool billion from … Continue reading

Financial Daily Dose 7.17.2019 | Top Story: EU Antitrust Regulators Probing Amazon Third-Party Seller Data Collection

BY: Michael D. Reif | July 17, 2019

EU regulators announced today that they’ve been conducting an investigation into Amazon and “how it collects and uses data from third-party sellers who appear on the retailing giant’s website” with an eye to potential antitrust violations. Amazon requires the sellers to share certain information with it, and the probe will center on “how Amazon uses … Continue reading

Financial Daily Dose 7.3.2019 | Top Story: IMF Chief Lagarde to Succeed Draghi as ECB President

BY: Michael D. Reif | July 3, 2019

Big Euro (and global) financial news emerging on Tuesday, as European officials rather surprisingly nominated current IMF chief Christine Lagarde to succeed Mario Draghi as European Central Bank president – NYTimes and WSJ and Bloomberg Across the ocean, the White House formally chose Judy Shelton, the current US executive director of the European bank of … Continue reading

Financial Daily Dose 6.11.2019 | Top Story: Opioid Maker Insys Files for Chapter 11 Protection

BY: Michael D. Reif | June 11, 2019

Opioid manufacturer Insys Therapeutics, which just last week agreed to pay $225 million to “settle a federal investigation into the marketing practices for its powerful fentanyl painkiller,” has filed for bankruptcy protection, announcing that it will continue operating while putting together a plan to pay its creditors – NYTimes and WSJ and Law360 More details … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 16, 2018

Today’s Muskdate is all about the SEC issuing a subpoena to Tesla as it continues its investigation into Elon’s August 7 Twitter post about the “funding secured” detail of his plans to take the company private – NYTimes and WSJ and Bloomberg and MarketWatch US regulators and law enforcement are in the midst of “one … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 14, 2018

Elon Musk had some explaining to do in light of his “funding secured” tweet on August 7 in the context of taking Tesla private, and he’s gone to the corporate blog to do so, arguing that his meetings with representatives of Saudi Arabia’s sovereign wealth fund before his tweet provided him with a defensible basis … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 16, 2018

After a pretty dismal 2017 on the IPO front, recent successful offerings by Dropbox and Spotify are ushering in a pent-up wave of tech IPOs – NYTimes The SEC has opened a probe into Guggenheim Partners’ asset-management arm over an $85-million real-estate transaction and a series of other deals involving ABS Capital—including a loan to … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 29, 2017

Here’s a headache Amazon may not have counted on for the much-touted Whole Foods venture: a data breach of its very own – WSJ and MarketWatch The 2d Circuit has refused to upend a lower court’s 2015 order that Nomura and RBS pay $806 million for selling toxic MBS to Fannie & Freddie – Law360 … Continue reading