Tag Archives: GDP

Financial Daily Dose 6.2.2020 | Top Story: CBO Projects Decade of Recovery and GDP-Contraction From Pandemic-Induced Econ Harm

BY: Michael D. Reif | June 2, 2020

New estimates from the Congressional Budget Office suggest that the “U.S. economy could take the better part of a decade to fully recover from the coronavirus pandemic and related shutdown” and see as much as a 3% contraction in GDP over that period – WSJ and NYTimes and MarketWatch Zuck and Co. are facing a … Continue reading

Financial Daily Dose 1.31.2020 | Top Story: IBM CEO Ginni Rometty is Out After Eight Years at the Helm

BY: Michael D. Reif | January 31, 2020

In a week that’s already seen plenty of C-suite shakeups, we’ve learned that Ginni Rometty is stepping down from her role as CEO at IBM. The company’s cloud computing chief, Arvind Krishna, will take over for her, though Rometty will stay on as executive board chair until the end of the year – NYTimes and … Continue reading

Financial Daily Dose 7.29.2019 | Top Story: Pfizer and Mylan Join Forces to Create Generics Powerhouse

BY: Michael D. Reif | July 29, 2019

Drug giants Pfizer and Mylan have inked a deal that will merge the former’s off-patent drugs with the latter’s generics business, a tie-up that creates a mammoth global seller of lower-priced medicines – WSJ and Bloomberg and NYTimes Friday’s GDP report showed US economic growth slowing to 2.1% in Q2, as higher consumer spending helped … Continue reading

Financial Daily Dose 7.26.2019 | Top Story: In a reversal, ECB to revive stimulus measures to boost EU economy

BY: Michael D. Reif | July 26, 2019

The European Central Bank announced on Thursday that is likely to revive the quantitative easing program aimed at “pump[ing] money into the region’s financial system,” a major reversal from just 6 months ago, when the ECB began winding down the bond-buying program – NYTimes and WSJ and Bloomberg McKinsey’s been in hot water with bankruptcy … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 1, 2019

As many expected, the US economy slowed in Q4 2018, growing at a 2.6% annual rate in the final three months of last year. That figure was better than some forecasters thought, but it still marks a “significant slowdown” from midyear numbers that “briefly pushed growth above 4 percent” – NYTimes and WSJ and Bloomberg … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 28, 2019

New evidence suggests that California’s PG&E repeatedly “delayed a safety overhaul” on a high-voltage transmission line “that is a prime suspect behind the deadliest wildfire in California history.” How repeatedly? Try 5 years’ worth of kicking the can down the road – WSJ and Bloomberg As China’s economy slows, the Big 3 US automakers are … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 29, 2018

A recap of Friday’s GDP numbers, which featured both a strong 3.5% growth rate and early signs that “the growth could cool in coming months” – NYTimes and WSJ and Bloomberg Yes, Elon has settled with the SEC over his infamous “funding secured” tweets. But don’t think for a second it’s all free and clear … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 27, 2018

Facebook isn’t the only tech stock having a good week. Amazon—helped along by its booming cloud business—more than doubled its net income in Q1 as compared to a year ago – NYTimes and WSJ and Bloomberg and MarketWatch The Cloud was kind to Microsoft, too – WSJ and Bloomberg For Wells, it’s only getting worse … Continue reading