Tag Archives: Goldman Sachs

Financial Daily Dose 8.9.2019 | Top Story: Uber posts massive Q2 losses and slowing growth

BY: Michael D. Reif | August 9, 2019

Uber went big on Thursday. Unfortunately, for everyone (including fans of cinnamon gum and oversized gingers) it was Big Red, as the ride-hailing company posted a $5.2 billion loss for Q2—its largest ever since it began disclosing financials in 2017 – NYTimes and WSJ and Bloomberg and MarketWatch Tech behemoths weren’t the only ones having … 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 | December 17, 2018

The Dow’s serious dive on Friday helped put all three major indices into correction territory (aka, all are now at least 10% below their peak from earlier this year) – WSJ and MarketWatch Which means that investors are desperate for a Santa Claus rally, even as coal for everyone in every sector seems more likely. … Continue reading

Your daily dose of financial industry news

BY: Michael D. Reif | September 22, 2015

Details are continuing to emerge about the size, scope, and audacity of Volkswagen’s diesel-engine cheating software scandal.  The German automaker issued a  “de facto profit warning” due to the $7.3 billion it’s setting aside to address issues related to the 11 million cars worldwide impacted by its deception – NYTimes and WSJ Breakingviews sees parallels … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 11, 2015

Rocked by a stock market crash and an economic slowdown, China has devalued its currency, the renminbi, by nearly 2% against the dollar in a move expected to heighten geopolitical tensions and disrupt markets – NYTimes and WSJ and Bloomberg A little martes intrigue in the ongoing Argentina debt scandal, with the 2d Circuit slapping … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 4, 2015

Puerto Rico’s officially gone down the old Greek road, defaulting on a $58 million bond payment that represents just a fraction of its current  $72 billion debt load. Unlike Greece, the Times notes, many of Puerto Rico’s bonds are part of everyday investors’ mutual funds’ portfolios, making this debt crisis real in a very different … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 3, 2015

In what’s being described as another [painful] step towards financial normalcy, the Athens stock exchange reopened today for the first time in 5 weeks. Despite restrictions on short selling, shares were down more than 20% in early trading – NYTimes and WSJ Though the parties have yet to officially comment, Goldman Sachs has reportedly reached … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 16, 2015

Despite protests and some intraparty defections (looking at you, Yanis), the Greek Parliament easily passed new austerity measures required to secure their bailout package – NYTimes  The rest of the eurozone is expected to approve the package as well – WSJ Meanwhile, the ECB is considering further loans to struggling Greek banks, which have been … Continue reading