Tag Archives: SoftBank

Your Daily Dose of Financial News

BY: Michael D. Reif | December 20, 2018

The Federal Reserve, as long forecast, raised its benchmark interest rate a quarter point on Wednesday. Chair Powell noted that a downturn in financial markets and weakened financial growth “may signal some softening relative to” what was expected a few months ago. Still, he characterized the shift as “not fundamentally alter[ing] the outlook” – NYTimes … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 15, 2018

Sears marked the end of an era today, as the store that “more than a century ago pioneered the strategy of selling everything to everyone” filed for bankruptcy protection early this morning – NYTimes and Bloomberg and WSJ The Journal consider Sears’ biggest investor (and now-former CEO) Eddie Lampert’s controversial “non-strategy” to save the iconic … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 1, 2018

Jobs Friday again. Here’s what to look for in the numbers – WSJ An early look at the reaction from allies Canada, Mexico, and the EU to this week’s announcement from the White House that it was moving forward with steel and aluminum tariffs against these US trading partners – NYTimes and WSJ and Bloomberg … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 10, 2018

Meet ZTE (well, meet them again.  We’ve discussed them before), the massive Chinese electronics maker banned last month by the White House from using US-made components that could well be the “first casualty of the high-tech cold war between the United States and China” – NYTimes and WSJ and CNN Argentina and the IMF have … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 12, 2018

The Journal dropped something of a bomb on Friday with news that Goldman Sachs’ CEO Lloyd Blankfein is heading out the door as soon as the end of the year.  If true, Goldman will likely look for his replacement within its succession plan—that is, with either Harvey Schwartz or David Solomon (current co-presidents) assuming the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 13, 2017

Big news out of Uber this weekend, where the company and its board resolved outstanding issues with Travis Kalanick in order to finalize a deal in which a SoftBank-led consortium of investors will buy up about $1 billion of new stock (and snap up a fair chunk of existing stock) to achieve a 14% stake … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 6, 2017

The moral of this story is as follows: if Maysayoshi Son says the merger’s off, it’s probably off (regardless of what the rest of the board says).  We discussed the will they/won’t they status of the T-Mobile/Sprint deal last week, and the verdict is definitely the latter – NYTimes and WSJ and Bloomberg Broadcom is … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 2, 2017

Facebook may have had a difficult day on the Hill. But a 79% rise in Q3 profit—driven, ironically enough, by online ads—should help soften the blow – NYTimes and WSJ Most major news organizations now agree that the next Fed chief will be current Fed governor Jerome Powell – WSJ and Bloomberg And the FOMC … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 15, 2017

Uber’s Softbank dilemma: is the $10 billion shot in the arm worth the price tag of roughly 30%? – WSJ Alphabet, meanwhile, is reportedly in talks to drop about $1 billion [leave it to Masayoshi Son to make that amount seem small] on Uber-rival Lyft – WSJ and Bloomberg The CFPB issued a no-action letter … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 25, 2017

Along with this week’s news that Amazon and Whole Foods are putting the finishing touches on their deal and have the government’s stamp of approval came word that as of Monday, the first official day of Amazon control, the days of Whole Paycheck are officially over. Old-school grocers, meet Jeff Bezos.  And buckle up – … Continue reading