Tag Archives: IMF

Financial Daily Dose 8.27.2019 | Top Story: OK Judge Hits Johnson & Johnson With $572 Million Fine in Opioid Trial

BY: Michael D. Reif | August 27, 2019

A bad day for J&J in Oklahoma at the close of the state’s trial against Johnson & Johnson means that the company’s on the hook for upwards of $572 million for its role in the opioid crisis that’s decimated swaths of the state. The trial was the first against an opioid manufacturer and bodes ill … Continue reading

Financial Daily Dose 8.12.2019 | Top Story: Saudio Aramco Releases Financial Ahead of Planned IPO

BY: Michael D. Reif | August 12, 2019

Saudi Aramco’s mega IPO plans are back on, and while valuation and other stumbling blocks remain, the kingdom is hoping to raise billions via the public offering as early as next year – WSJ and Bloomberg Russian authorities are opening an antitrust probe into Apple’s recent moves restricting and removing parental control apps from its … Continue reading

Financial Daily Dose 8.5.2019 | Top Story: HSBC Ousts CEO After 18 Months and Cuts 4,000 Jobs

BY: Michael D. Reif | August 5, 2019

HSBC chief John Flint is out just 18 months after he assumed the role as head of the London-based bank, likely due to clashes with Board Chair Mark Tucker and the lender’s focus on expanding in China. HSBC also announced it will shed 4,000 jobs in an effort to improve finances – Bloomberg and NYTimes … Continue reading

Financial Daily Dose 7.17.2019 | Top Story: EU Antitrust Regulators Probing Amazon Third-Party Seller Data Collection

BY: Michael D. Reif | July 17, 2019

EU regulators announced today that they’ve been conducting an investigation into Amazon and “how it collects and uses data from third-party sellers who appear on the retailing giant’s website” with an eye to potential antitrust violations. Amazon requires the sellers to share certain information with it, and the probe will center on “how Amazon uses … Continue reading

Financial Daily Dose 7.8.2019 | Top Story: Friday’s Solid Jobs Report Prompts Rate-Cut Concerns

BY: Michael D. Reif | July 8, 2019

We managed to miss Jobs Report Friday because of the holiday break, so here’s the lowdown on a very strong set of numbers—224,000 jobs added—and the seemingly incongruous market reaction to the good news (it’s all about the Fed and interest rates, my friends) – NYTimes and WSJ and Bloomberg and MarketWatch and Marketplace Turkey’s … Continue reading

Financial Daily Dose 7.3.2019 | Top Story: IMF Chief Lagarde to Succeed Draghi as ECB President

BY: Michael D. Reif | July 3, 2019

Big Euro (and global) financial news emerging on Tuesday, as European officials rather surprisingly nominated current IMF chief Christine Lagarde to succeed Mario Draghi as European Central Bank president – NYTimes and WSJ and Bloomberg Across the ocean, the White House formally chose Judy Shelton, the current US executive director of the European bank of … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 10, 2018

Meet ZTE (well, meet them again.  We’ve discussed them before), the massive Chinese electronics maker banned last month by the White House from using US-made components that could well be the “first casualty of the high-tech cold war between the United States and China” – NYTimes and WSJ and CNN Argentina and the IMF have … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 6, 2016

The Supreme Court, still plugging along with just 8 Justices, heard arguments yesterday on its first insider-trading case in two decades – NYTimes and WSJ and Law360 Theranos is “retreating” from its blood tests, cutting its workforce by 40 percent, and shuttering facilities—all signs that Elizabeth Holmes’ company may be shifting to developing products to … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | July 25, 2016

The bids are all in, and Verizon’s the big winner.  Well, both “big” and “winner” are relative, especially with news of a brutal Q2 for Marissa Mayer and her crew, but nevertheless, Yahoo’s core business is now Verizon’s in exchange for $4.8 billion – NYTimes and WSJ and Bloomberg Tesla’s shareholders may not be fully … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | June 27, 2016

The Brief takes a day off and Europe falls apart.  Noted.  Let’s break it down: Including how the legal and logistical “leave” will actually take place – WSJ The Upshot looks short-term and long-term economic effects – NYTimes Phillipe Legrain, op-ed writing in the Times, considers the same, arguing that Friday’s global markets crash is … Continue reading