Tag Archives: Google

Financial Daily Dose 5.21.2019 | Top Story: FCC Approves T-Mobile/Sprint Merger

BY: Michael D. Reif | May 21, 2019

FCC Chair Ajit Pai gave his agency’s stamp of approval to the pending $26 billion T-Mobile/Sprint merger on Monday, helping move the deal towards completion based on pledges from the companies to develop “a robust 5G network and sell off Boost Mobile, a Sprint-owned service produce that sells prepaid services” – NYTimes and WSJ and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 12, 2019

The SEC has announced a settlement with nearly 80 investment advisory firms in which they will pay back more than $125 million “to clients who were steered into higher-cost mutual funds without adequate disclosure” as part of a new agency initiative asking Wall Street to “self-report its own misconduct” – WSJ and Law360 On Monday, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 18, 2018

Wall Street’s brutal December continued yesterday, with stocks diving to a new low “as investors braced for a Federal Reserve decision on interest rates this week and health care stocks were roiled by a decision about the Affordable Care Act.” The S&P 500, for one, is down 4.8% for the year – NYTimes and WSJ … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 12, 2018

Prime Minister Theresa May has proven herself to be a remarkably good political survivor in the face of tall odds, but even she will have a difficult time this time around. Members of her own Tory party have called for a no-confidence vote for her that’s set for later today – NYTimes and WSJ and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 11, 2018

With the phrase “humiliating defeat” being bandied about quite freely by opposition leaders and Tory backbenchers alike, PM May delayed a parliamentary vote for her EU-backed Brexit plan that had been set for today. The Northern Ireland question that had plagued negotiations was an important element in lawmakers dissatisfaction with the plan – NYTimes and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 9, 2018

As widely expected, the Fed held rates steady when it wrapped its Open Market Committee meeting yesterday afternoon and deemed the economy “in good health,” laying the groundwork for another rate increase next month – NYTimes and WSJ and Bloomberg The DOJ has filed a complaint against the Swiss banking giant UBS over its “issuance, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 26, 2018

The Upshot helps us understand exactly what’s been going on with the markets this week and what a late-bull-market reality means for the US (and global) economy – NYTimes [and Marketplace and Bloomberg] Hong Kong-based airline Cathay Pacific has disclosed that its computer system was compromised “at least seven months ago, exposing the personal data … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 17, 2018

In order to comply with European antitrust rulings against it earlier this year, Google announced that for the first time it will begin charging telephone handset manufacturers to install Gmail, Google Maps, and other popular Android apps within the EU – NYTimes and WSJ Uber, still working on its forthcoming IPO, is reportedly focused on … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 10, 2018

Dealbook gives us this uncomfortable take on China’s “nuclear option” in the trade war with the United States—its holdings of more than $1 trillion in US foreign debt and the possibility of stepping back from buying (or even dumping) US Treasuries on the open market – NYTimes [Brief, bloggy counterpoint here – CEPR] Meanwhile, at … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 21, 2018

In January 2017, Alibaba co-founder Jack Ma was proudly promising to create 1 million jobs in America—a heady promise but one not unthinkable given Alibaba’s massive scale. Fast forward 20 months and a growing Sino-American economic cold war later, and Ma is publicly walking back that figure – NYTimes Google admitted on Thursday in the … Continue reading