Tag Archives: RMBS

Financial Daily Dose 3.10.2020 | Top Story: US Markets Dive Again in Worst Trading Day Since 2008

BY: Michael D. Reif | March 10, 2020

Monday on Wall Street was the equivalent of a well-forecast storm that still managed to blow meteorologists’ minds. The deadly combination of diving oil prices and yet more COVID-19 worries spelled disaster for U.S. markets, which saw a halt to trading for the first time since 1997 thanks to a precipitous fall early in the … Continue reading

Financial Daily Dose 11.20.2019 | Top Story: Utility PG&E Struggles with Fires and Path Out of Bankruptcy

BY: Michael D. Reif | November 20, 2019

PG&E’s woes continue. Not only is the company still in the midst of a dangerous fire season, but it’s struggling to find a path out of bankruptcy while fending off a growing chorus of cities and state officials “threatening to take over California’s largest utility unless executives improve its safety record” – NYTimes and WSJ … Continue reading

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