Tag Archives: Huawei

Financial Daily Dose 5.20.2019 | Top Story: Google and Chipmakers Ditch Huawei

BY: Michael D. Reif | May 20, 2019

Google parent company Alphabet [and a host of chipmakers] formally suspended all business with Huawei “that requires the transfer of hardware, software and technical services except those publicly available via open source licensing,” a major blow to the Chinese tech company that the White House has “sought to blacklist around the world” – Reuters and … Continue reading

Financial Daily Dose 5.13.2019 | Top Story: Uber Shares Diving

BY: Michael D. Reif | May 13, 2019

True, the economic headwinds weren’t its fault, but boy—not a banner debut for Uber after years of speculation and waiting – NYTimes and WSJ and Bloomberg and Marketplace and Law360 And that meant an equally rough patch for SoftBank, which has lost more than $9 billion in value since booking a $3.8 billion gain from … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 2, 2019

We were pretty sure that the Fed would keep interest rates steady as it wrapped its Open Market Committee meetings yesterday, and Fed Chair Powell delivered on that expectation. He also admitted that the same lack of inflation that bedeviled the Yellen-helmed Fed is still an issue for the central bank [all while assuring markets … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 27, 2019

The DC Circuit Court of Appeals dealt the DOJ a blow yesterday with a ruling that “rejected the government’s claim that a lower court had applied antitrust laws incorrectly in allowing the merger” between AT&T and Time Warner to proceed. The Justice Department announced that it wouldn’t seek another appeal of the $85.4 billion deal … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 20, 2019

Back at it.  Let’s get caught up. Quite a start to the week for consulting powerhouse McKinsey & Co., with a Times expose on the questionable relationship between McKinsey’s clients and the investments its hedge fund has made in those same clients, not to mention the intense secrecy surrounding that arrangement – NYTimes Then there’s … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 13, 2019

The White House strongly hinted yesterday that it will consider delaying the rapidly approaching March 2 deadline to reach a trade deal with China, “saying the United States might not impose higher tariffs on Chinese goods if talks with Beijing were going well.” That date has previously been characterized as “firm” – NYTimes Stocks liked … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 28, 2019

The longest government shutdown in US history is over.  For now . . . – Law360 and Marketplace Nissan’s Carlos Ghosn problems now extend to the United States, where the Securities and Exchange Commission has opened a probe into the accuracy of the company’s financial disclosures and internal controls – Bloomberg and NYTimes and WSJ … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 23, 2019

The European Union has fined Mastercard $650 million for “breaching antitrust rules by raising payment-processing fees artificially, leading to higher prices for retailers and consumers” alike. The penalty came after a 6-year investigation by the EU’s antitrust watchdogs – NYTimes and Law360 The Journal has uncovered a push by employers to artificially inflate their Glassdoor … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 17, 2019

Federal prosecutors have opened a criminal probe into Huawei Technologies’ alleged theft of trade secrets from its US business partners, “including technology used by T-Mobile US Inc. to test smartphones.” The investigation grew out of civil lawsuits against Huawei, and indictments are likely soon – WSJ and Bloomberg and NYTimes 9 lives? Please. Cats have … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 11, 2019

Ford announced yesterday that it plans to cut “thousands of jobs across Europe” as the automaker tries to cut costs while dealing with more stringent emissions rules and decreasing demand. The company didn’t say officially how many of its 68,000 European workers could be on the chopping block – NYTimes and WSJ As we’ve been … Continue reading