Tag Archives: RMBS

Financial Daily Dose 9.16.2019 | Top Story: Weekend Attack on Aramco Oil Fields Sends Energy Prices Soaring

BY: Michael D. Reif | September 16, 2019

A drone attack on Saudi Aramco oilfields this weekend affected 5% of global production and sent “energy prices substantially higher” late Sunday and early today. Analysts don’t anticipate a “severe shock to energy markets and the world economy” for the long term, but that said, the political and military fallout from the attacks threaten to … Continue reading

Financial Daily Dose 6.25.2019 | Top Story: Allergan and AbbVie Combine Forces in $63 Billion Deal

BY: Michael D. Reif | June 25, 2019

Massive pharma news to start the day, with AbbVie announcing that it’s reached a deal to buy Allergan for roughly $63 billion. The tie-up is seen as giving AbbVie a “dominant position in the $8 billion-plus market for Botox and other beauty drugs” is it “braces for the end of patent protection for the world’s … Continue reading

Financial Daily Dose 6.14.2019 | Top Story: Oil prices shoot up after attacks on tankers

BY: Michael D. Reif | June 14, 2019

In case you haven’t had your eye on matters of global intrigue of late, figured we’d get you a bit caught up so that you know why your gas prices are heading north in the next couple of weeks – MarketWatch and NYTimes Facebook has recruited a stable of major backers—including Visa, Mastercard, PayPal, and … Continue reading

Financial Daily Dose 5.22.2019 | Top Story: Judge Deems Qualcomm Pricing Behavior Anti-competitive

BY: Michael D. Reif | May 22, 2019

N.D. California federal judge Lucy Koh sided with the FTC in its antitrust suit against semiconductor-industry giant Qualcomm, finding that the company “abused its position . . . to harm competition and charge cellphone makers excessive licensing fees.” The ruling sent Qualcomm shares sliding in pre-market trading – NYTimes and WSJ and Bloomberg Because it’s … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 15, 2019

British lawmakers are voting today on Theresa May’s updated Brexit plan, and by all accounts, it’s been a mad dash for the Prime Minister in recent weeks to shore up support for a plan “that could go down to a humiliating defeat in Parliament.” Rampant speculation aside, May has so far ruled out asking for … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 6, 2018

After a brutal Tuesday, the White House tried to take advantage of yesterday’s market day off to run some damage control “and ease concerns that [the] trade truce with China was already floundering.” I suspect we’ll find out pretty early today whether traders are buying it – NYTimes and Bloomberg Canadian authorities have, at the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 2, 2018

Jobs report Friday again. Here’s what we’re watching in the numbers – Bloomberg and NYTimes and WSJ Federal prosecutors filed criminal  charges yesterday against two former Goldman Sachs investment bankers for their alleged role in the Malaysian 1MDB scandal – NYTimes and WSJ and Bloomberg and Law360 The U.S., according to an indictment unsealed this … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 7, 2018

Jobs Report Friday! Here’s what to look for in the numbers – Bloomberg and NYTimes and WSJ Less than a day after the Journal reported that CBS and the Redstones are nearing a deal to resolve their many differences, we’ve learned that CBS chief Les Moonves—facing an investigation into alleged sexual harassment—is working with the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 17, 2018

Walmart’s broader foray into the grocery biz—letting customers order online and pick up in person and expanding home delivery—is paying dividends for the retailer and helping push its revenue up 3.8% from this period a year ago – NYTimes and Bloomberg Corona parent company Constellation Brands is making a serious play in the legalized cannabis … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 16, 2018

Commerce Department data released yesterday showed strong across-the-board consumer spending in April, a nominally good sign but one that pushed bond yields higher and sent most equities lower for the day, snapping an 8-day winning streak – WSJ and Bloomberg and MarketWatch Though Comcast may still throw a wrench in things, Fox execs are considering … Continue reading