Tag Archives: McKinsey

Financial Daily Dose 8.1.2019 | Top Story: Fed Cuts Rates for First Time Since 2008

BY: Michael D. Reif | August 1, 2019

The Fed delivered on its expected quarter-point rate cut yesterday, the first decrease in short term rates since 2008. Fed Chair Powell cited “the implications of global developments for the economic outlook as well as muted inflation pressures” as reasons for the move, though by not promising a “rate-cutting campaign,” Powell gave markets plenty of … Continue reading

Financial Daily Dose 7.26.2019 | Top Story: In a reversal, ECB to revive stimulus measures to boost EU economy

BY: Michael D. Reif | July 26, 2019

The European Central Bank announced on Thursday that is likely to revive the quantitative easing program aimed at “pump[ing] money into the region’s financial system,” a major reversal from just 6 months ago, when the ECB began winding down the bond-buying program – NYTimes and WSJ and Bloomberg McKinsey’s been in hot water with bankruptcy … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 12, 2019

Disney has officially added a + and unveiled its new streaming service (that would be Disney Plus), a subscription video program “dedicated to movies and shows from Disney, Pixar, the ‘Star Wars’ franchise, National Geographic and Marvel” that will cost $7/month and arrive on Nov. 12 – NYTimes and WSJ and Bloomberg and MarketWatch and … 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 | January 24, 2019

Renault has wrapped discussions with Carlos Ghosn’s lawyers over whether the imprisoned former CEO and chair will resign [he will] or be removed from those positions at the company that has, unlike Nissan and Mitsubishi, thus far largely stood with him despite the fallout from his arrest in Japan some months ago – NYTimes and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 3, 2018

The G-20 summit in Buenos Aires wrapped this weekend with the nations agreeing to a joint statement that “affirms the importance of the multilateral trading system” while giving ground to both the US and China over language on protectionism and unfair trading practices – WSJ and Bloomberg and Law360 A China-US dinner on the sidelines … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 27, 2018

CEO Dara Khosrowshahi is undoubtedly breathing a sigh of relief on news out of the UK yesterday that Uber will regain its taxi license in London—a “crucial victory for efforts by its new chief executive to revamp the company’s grow-at-all-costs culture.” Uber agreed to “stricter government oversight” in exchange for the reprieve and 15-month license … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 11, 2018

Anbang Insurance founder Wu Xiahoui’s fall from grace now includes an 18-year prison sentence for his conviction by a Shanghai court for using Anbang to “cheat investors out of more than $10 billion” – NYTimes and WSJ The Times considers how the sentence is part of China’s larger strategy for tackling the mountain of debt … Continue reading