Tag Archives: Moodys

Financial Daily Dose 3.26.2020 | Top Story: Senate passes $2 Trillion COVID-19 relief bill

BY: Michael D. Reif | March 26, 2020

The Senate unanimously passed a hotly anticipated third COVID-19-related stimulus bill last night, and the House is set to take up the measure today and vote tomorrow on the bill that would deliver $2 trillion in loans, tax breaks, and direct payments to companies and individuals alike – Bloomberg and NYTimes and WSJ A “last-minute … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 22, 2018

We’ve been keeping tabs on the high-profile CEOs who have withdrawn from Saudi Arabia’s coming investment conference over the past few weeks. But pulling out the conference is very different from severing ties with the wealthy kingdom, and no one appears to be doing that yet – NYTimes Moody’s has cut Italy’s debt rating to … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 29, 2018

Following yesterday’s US/Mexico trade announcement, Canada’s wasting little time in getting back to the table with the US on revised Nafta talks – NYTimes and WSJ and Bloomberg Neel—live from the MSF—is still not feeling all of this trade warring, likening it to a game of chicken – Bloomberg Moody’s has reached a $16.25 million … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 25, 2017

Do we know that given the sometimes-dubious accuracy of their grades, the ratings agencies aren’t always to be trusted?  We do. Should we still take note when Moody’s decides to downgrade China’s sovereign debt? We should. An explanation: – NYTimes and WSJ and Bloomberg Several members of healthcare hedge fund Deerfield Mgmt have been implicated … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 17, 2017

Ratings Agency Moody’s Corp. has agreed to pay roughly $864 million to resolve federal and state claims that it gave juiced ratings to risky MBS in the run-up to the financial crisis. Half of the total will end up in DOJ coffers, and the other half will be divided among 21 states and D.C. – … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 16, 2016

Snap, Inc. delivered on the expectation that it’ll go public sometime in early 2017, filing today the required paperwork to set the IPO process in motion – NYTimes and WSJ The Oracle of Omaha, never one to shy away from change—even after choice words for the industry not that long ago, has reversed course and … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | August 19, 2016

Yet more news that seems to suggest that Italy will be the epicenter of the next European (global?) economic crisis, with the Times reporting that Italian lenders keep lending to companies plagued by years of stagnation – NYTimes Goldman’s new banking for the masses? Why, it’s Marcus – NYTimes The Journal reports that big companies … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | March 2, 2016

Solid economic data helped propel US stocks yesterday, with the Dow posting an impressive 350-point gain – WSJ and Bloomberg Honeywell has again dropped its merger overtures to United Technologies, a move UT presumably welcomes after repeatedly citing the antitrust concerns it believes would’ve blocked such a merger – NYTimes and WSJ Treasury Secretary Jack … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | February 26, 2016

Once again pulling no punches, Breakingviews dubs Foxconn’s [now questionable] takeover a “messy milestone” for Sharp, the “ailing maker of display TVs” – NYTimes South Korea’s top financial regulator is seeking to investigate US hedge fund Elliott Associates for “a possible breach of disclosure rules when it acquired a stake in the Samsung conglomerate’s de … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | February 5, 2016

Jobs report Friday again.  Here are the 5 Things the Journal told you to watch – WSJ (and NYTimes) The Upshot’s not saying that a 2016 recession is inevitable, but if it does happen, this may be the path that takes us there – NYTimes Here’s a fascinating look at “just how much some investors … Continue reading