Tag Archives: JP Morgan

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 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

Your Daily Dose of Financial News

BY: Michael D. Reif | June 19, 2018

JPMorgan has agreed to pay $65 million to US authorities [in the form of the CFTC] to resolve allegations that its traders attempted to manipulate the benchmark rate known as ISDAfix – Bloomberg and Law360 We’re still awaiting a start date on the recently announced US tariffs on $50 billion [check that.  $200 billion] worth … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 31, 2018

Even as JPMorgan has set the playing field for his successor (Daniel Pinto v. Gordon Smith, FYI), head honcho Jamie Dimon is making it clear that he’s not about to go anywhere anytime soon – WSJ and NYTimes Speaking of Uncle Jamie, how would you feel about trusting him and Warren and Jeff with your … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 9, 2017

Snap’s awful Q3 be damned—Chinese tech giant Tencent has increased its stake in the company to more than 12% thanks to shares it purchased on the open market – NYTimes and WSJ The latest from the antitrust side of AT&T and Time Warner’s merger bid could see Time Warner forced to sell its Turner Broadcasting … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 18, 2016

JPMorgan has agreed to pay $264 million to resolve allegations that it engaged in a vast foreign bribery scheme and shady hiring practices in order to make inroads in China – NYTimes and WSJ and Law360 NY Federal prosecutors have filed charges against former Philidor and Valeant executives for alleged fraud and conspiracy as part … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 11, 2016

Breakingviews on the increased leverage Verizon’s gained with news of Yahoo’s ongoing cybersecurity crisis – NYTimes A new administration and big business deals—what it means for those in the works [NYTimes] and a new wave of M&A in the offing – NYTimes Meanwhile, the outlook for Dodd-Frank is, ahem, troubled – WSJ JPMorgan has joined … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | March 7, 2016

The Federal Reserve is now tossing around a proposal that would “effectively place[] a cap on how much business banks can do with another  bank or company”—the idea being to prevent the 2008-era mistake of Wall Street banks putting “too many of their financial eggs in one basket.”  The new rule would be a “less … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | January 27, 2016

Chinese economic data has already been wreaking havoc on markets in 2016. So I shudder to think about the impact of the recently announced investigation by China’s anticorruption commission into the head of the country’s statistics agency over what’s been called “serious violations.”  Though the agency announced no further details, many economists fear, for example, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 14, 2015

Q3 bank earnings are rolling in, and JP Morgan kicks things off with a mixed bag of results. Overall revenue was down 6% from a year earlier—worse than expected—but it saw  good consumer banking numbers, including strong mortgage origination – NYTimes BofA reported higher-than-expected Q3 profits despite lower profits as compared to the same period … Continue reading