Tag Archives: NAFTA

Financial Daily Dose 1.30.2020 | Top Story: Facebook Pays $550 Million to Resolve Privacy Class Action Over Use of Facial Recognition Tech

BY: Michael D. Reif | January 30, 2020

Facebook has agreed to pay $550 million to resolve a class-action lawsuit claiming that Zuck & Co.’s use of facial recognition technology violated Illinois’ biometric privacy law. Though the settlement is little more than “a rounding error for Facebook, which reported that revenue rose 25 percent to $21 billion in the fourth quarter,” it’s still … Continue reading

Financial Daily Dose 1.17.2020 | Top Story: Senate Passes USMCA by Wide Margin to Update NAFTA

BY: Michael D. Reif | January 17, 2020

While there’s plenty of other business afoot in D.C. these days, it also happens to have been a pretty big week for trade deals. A day after Phase One with China was inked, the Senate overwhelmingly approved a revised NAFTA—now officially the USMCA—which will get final executive approval next week – NYTimes and WSJ and … Continue reading

Financial Daily Dose 12.10.2019 | Top Story: Remembering Influential Former Fed Chair Paul Volcker

BY: Michael D. Reif | December 10, 2019

Some remembrances upon the passing of influential former Fed Chair Paul Volcker, a force in American economic policy for nearly 60 years who led “the Federal Reserve’s brute-force campaign to subdue inflation in the late 1970s and early ‘80s” – NYTimes and WSJ and Bloomberg and MarketWatch and Marketplace Antivirus software company McAfee LLC is … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 1, 2018

GE has ousted CEO John Flannery, just over a year into his tenure, and replaced him with former Danaher Corp. CEO Larry Culp – CNBC and BusinessWire Though he was apparently ready to go with his “verbal agreement with the Saudis” defense, Elon Musk capitulated to pressure “from his lawyers and investors of Tesla” and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 27, 2018

To no one’s surprise, the Fed followed through with its months of promises and raised its benchmark interest rate by 25 basis points yesterday. The FOMC also indicated that it’s planning to raise rates again in December – NYTimes and WSJ and Bloomberg and MarketWatch A look at the perhaps-surprising sticking point in the ongoing … 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 | August 27, 2018

So about that whole going private thing.  Change of plans for Elon & co. Here’s the inside scoop on the reversal – NYTimes and WSJ and Bloomberg and MarketWatch The US and Mexico are reportedly nearing a breakthrough on several “key issues holding back renegotiation” of Nafta, including industry exemptions, local content requirements, and the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 6, 2018

We used to call it Nafta.  If the White House has its way, we may be talking about M/USTA and C/USTA.  Doesn’t exactly roll off the tongue, does it? – NYTimes Also, we’ll see what any trade deals look like now that both Mexico [NYTimes] and Canada are actively fighting back against US steel and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 29, 2018

With Davos 2018 in the rear view mirror, some analysts are pegging the “geopolitical momentum” as China’s to claim, thanks in no small part to its expansive and ongoing “Belt and Road” initiative – NYTimes Need more proof of China’s rising status? Intel apparently warned Chinese companies like Alibaba and Lenovo of its chip flaws … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 17, 2017

We got our dose of Fed minutes yesterday, and it appears that the Fed—like the rest of us—is scratching its head over the “new reality” of concurrent low inflation and low unemployment. Fed officials are hoping that the low jobless rate finally starts pushing inflation up sometime in 2018 – NYTimes and WSJ and Bloomberg … Continue reading