Tag Archives: Tariffs

Your Daily Dose of Financial News

BY: Michael D. Reif | March 21, 2019

The Federal Reserve’s Open Market Committee wrapped its March meetings yesterday with Chair Powell highlighting the central bank’s “fairly downbeat economic assessment” and the expectation that it will keep rates steady for the rest of the year – NYTimes and WSJ and Bloomberg Meanwhile, Wall Street wasn’t quite sure how to take the news. While … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 8, 2019

US trade negotiations with China have stalled such that the anticipated meeting between the countries’ leaders is, according the White House, “highly unlikely” to occur before the March 1 deadline marking the end of a 90-day truce in the trade battle between the economic superpowers – WSJ and Bloomberg And, because why have one trade … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 18, 2019

The White House is reportedly considering easing some tariffs on Chinese markets “as a way to calm markets and give Beijing an incentive to make deeper concessions in a trade battle that has rattled global economies.” The push to lift or eliminate some tariffs is pitting Treasury Secretary Mnuchin, who favors the idea, against US … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 8, 2019

The US and China have resumed trade talks in an effort to cool down an increasingly heated trade war between the economic powerhouses – NYTimes and WSJ and Marketplace and Bloomberg While we’re on the subject, the Times adds up what the tariffs at play in the US’s trade war with the world have meant … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 30, 2018

The Fed released minutes from its November meeting yesterday, and they reinforced the expected December rate hike while showing a more uncertain path for hikes in 2019 – NYTimes and WSJ and Bloomberg While Wall Street’s response was far more muted than its elation over Chair Powell’s comments on Wednesday, the minutes did help pull … 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 | September 24, 2018

The results are in, and Comcast has bested Fox in the quest for British satellite broadcaster Sky with a final bid of roughly $39 billion in the unusual 3-round auction overseen by the UK’s Takeover Panel. The result must be an unimaginably bitter pill for Rupert Murdoch—who’s had his eye on the Sky prize for … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 19, 2018

China is answering the White House’s latest tariff announcement with another $60 billion in levies on US goods of its own – Bloomberg and WSJ and Marketplace Thing is, the tit-for-tat numbers for China on that one don’t work out evenly – NYTimes So we need to watch out for other areas of leverage – … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 18, 2018

The US dialed up the heat in its trade war with China even further last night, announcing the imposition of tariffs by September 24th on an additional $200 billion worth of Chinese goods. When combined with the existing tariffs, the US will now tax nearly half of all Chinese imports into America – NYTimes and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 31, 2018

Coke is buying British coffee-shop chain Costa for $5.1 billion, as the coffee wars just keep on chugging. Costa has 3800 stores in 32 countries and “a foothold in China,” making Coke an instant player in the field – Bloomberg and CNN and NYTimes and WSJ The EU announced on Thursday that it was willing … Continue reading