Tag Archives: Facebook

Your Daily Dose of Financial News

BY: Michael D. Reif | March 22, 2019

Facebook revealed yesterday that “millions of user account passwords had been stored insecurely, potentially allowing employees to gain access to people’s accounts without their knowledge.” The company said it “had found no evidence of abuse,” but the news was yet another setback for a company beset by privacy problems in recent weeks – NYTimes and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 15, 2019

Just days after Facebook announced its shift to more private communications, the company’s chief product officer (and longtime Zuck inner-circler) Chris Cox and WhatsApp head Chris Daniels are both heading out the door, adding uncertainty to an already troublesome week for the social media giant – NYTimes and WSJ and Bloomberg and MarketWatch China’s gradual … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 14, 2019

With new data pointing to similarities between the Lion Air and Ethiopian Air Boeing 737 Max 8 crashes, the White House has decided to override the FAA and ground all models of the plane in the US – NYTimes and WSJ and Bloomberg and MarketWatch Federal prosecutors are reportedly conducting multiple probes into “data deals … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 25, 2019

With a high-level White House meeting on Friday, the US and China have extended trade talks, even as a “final deal remains elusive” (aka, nothing at all is in writing yet). It also appears that the purported progress is enough to keep the US from upping its tariffs by 15% on a wide range of … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 15, 2019

In what can only be classified as a second major “Oh yeah? Try this on for size” moment from Jeff Bezos in as many weeks, Amazon has announced that it’s canceling its planned HQ2 project in Queens, NY. Some local activists and politicians had raised questions (and noise) about the scope of the project and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 7, 2019

Regional lenders BB&T and SunTrust have announced plans to “unite in an all-stock deal” that would value the combined bank at $66 billion. The new lender would be the sixth-largest in the US, and, if allowed, would be created as part of the biggest post-crisis US bank merger – NYTimes and Law360 and WSJ and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 31, 2019

The Fed wrapped its January meetings yesterday with the expected news that it would leave the benchmark interest rate unchanged and the less-guaranteed report that it was hitting the pause button on future rate hikes (aka, it’s taking a “patient stance” on rates) – WSJ and Bloomberg and NYTimes and MarketWatch The latest on the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 20, 2018

The Federal Reserve, as long forecast, raised its benchmark interest rate a quarter point on Wednesday. Chair Powell noted that a downturn in financial markets and weakened financial growth “may signal some softening relative to” what was expected a few months ago. Still, he characterized the shift as “not fundamentally alter[ing] the outlook” – NYTimes … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 19, 2018

The Fed will wrap up its Open Markets Committee meeting today, and the recent dive on Wall Street has rather suddenly brought a bit of drama to what was a long-promised rate hike. Here’s a bit of background on what it’s been chewing over – WSJ and Bloomberg and NYTimes Digging in further to the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 6, 2018

After a brutal Tuesday, the White House tried to take advantage of yesterday’s market day off to run some damage control “and ease concerns that [the] trade truce with China was already floundering.” I suspect we’ll find out pretty early today whether traders are buying it – NYTimes and Bloomberg Canadian authorities have, at the … Continue reading