Tag Archives: Facebook

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

Your Daily Dose of Financial News

BY: Michael D. Reif | November 19, 2018

Nissan Board Chair Carlos Ghosn is on the verge of being ousted at the Japanese automaker after an internal investigation found that he had “underreported his compensation to the financial authorities for several years.” Ghosn, at the helm since 1999, was widely credited with turning around the once-struggling company – NYTimes and Bloomberg The U.S. … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 15, 2018

Early reports suggested that although Teresa May’s cabinet wasn’t thrilled, it backed the PM’s Brexit plan, leaving the controversial deal to make its way to Parliament. But the resignation of two Cabinet members—including the Brexit secretary—has thrown the deal, the pound, and her government into chaos – Bloomberg and WSJ And then, there’s Europe.  Which, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 12, 2018

Saudi Arabia is pushing OPEC and its allies to cut oil production in 2019, and it’s doing its own part by exporting 500,000 fewer barrels a day in December than now—all an attempt to “counter the price rout battering the finances of group members and energy companies alike” – Bloomberg and NYTimes and WSJ Facebook, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 1, 2018

GE has ousted CEO John Flannery, just over a year into his tenure, and replaced him with former Danaher Corp. CEO Larry Culp – CNBC and BusinessWire Though he was apparently ready to go with his “verbal agreement with the Saudis” defense, Elon Musk capitulated to pressure “from his lawyers and investors of Tesla” and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 19, 2018

China is answering the White House’s latest tariff announcement with another $60 billion in levies on US goods of its own – Bloomberg and WSJ and Marketplace Thing is, the tit-for-tat numbers for China on that one don’t work out evenly – NYTimes So we need to watch out for other areas of leverage – … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 11, 2018

Markets are joining the American mid-Atlantic and East Coast in bracing for Hurricane Florence and the estimated $27 billion in damages it could bring with it – Bloomberg A longer look at the decades-long rise of CBS’s Les Moonves and the #MeToo events that helped bring about his rapid downfall [and the role of the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 5, 2018

Big tech (including Facebook, Google [theoretically], and Twitter) is heading back to the Hill (with @jack pulling double-duty, because that’s how he rolls). Here’s what to expect today based on their prepared testimony – NYTimes and Recode and Law360 Apple was the first American company ever to cross the trillion dollar market cap figure. Less … Continue reading