Tag Archives: Tesla

Financial Daily Dose 7.3.2019 | Top Story: IMF Chief Lagarde to Succeed Draghi as ECB President

BY: Michael D. Reif | July 3, 2019

Big Euro (and global) financial news emerging on Tuesday, as European officials rather surprisingly nominated current IMF chief Christine Lagarde to succeed Mario Draghi as European Central Bank president – NYTimes and WSJ and Bloomberg Across the ocean, the White House formally chose Judy Shelton, the current US executive director of the European bank of … Continue reading

Financial Daily Dose 6.4.2019 | Top Story: DOJ, FTC, and Congress Set to Investigate Big Tech

BY: Michael D. Reif | June 4, 2019

Much more on the suddenly hot topic of Big Tech antitrust oversight, including a negotiated agreement among regulators that will see the DOJ handling Apple and Google while the Federal Trade Commission will take on Facebook and Amazon. Separately, the House Judiciary Committee is taking up its own probe of the tech industry giants – … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 29, 2019

Elon Musk and the SEC have reached an agreement to revise their earlier agreement to settle the latest round of issues caused by Musk’s Twitter habit. Under its terms, a Tesla securities attorney must now “preapprove any of Musk’s ‘written communication’ about Tesla’s business.” So, you know, all our best to the unluckiest lawyer at … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 25, 2019

Facebook revealed on Wednesday that it’s expecting a one-time $3 to 5 billion FTC fine over privacy violations, an amount that would be a “record penalty for a technology company by the agency.” In preparation, Zuck & co. have set aside $3 billion for the charge while announcing north of $15 billion in Q1 revenue … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 23, 2019

Aaaand, we’re back at it.  Let’s get caught up. Samsung announced yesterday that it’s postponing the official mass-market introduction of its new foldable smart phone (originally set for the end of the week) based on reports that the pricey device has been malfunctioning – NYTimes and WSJ and Bloomberg and MarketWatch Controversial pick Herman Cain … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 26, 2019

GE—still in streamlining mode—agreed yesterday to sell its biopharma business to Danaher (current CEO Larry’s Culp’s former company, btw) for a reported $21.4 billion in the form of $21 billion in cash and $400 million in assumed pension liabilities – NYTimes and WSJ and Bloomberg and MarketWatch Oh, to be Elon and just feel the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 21, 2019

The Federal Reserve released the minutes from its consequential January meeting yesterday, giving us (and Wall Street) the skinny on its new policy course that shifted from gradual regular rate hikes to a wait-and-see approach.  The minutes show that at least “several” Fed officials anticipate re-initiating rate increases later in the year and that the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 5, 2019

USA Today publisher and media conglomerate Gannett has rejected a $1.3 billion hostile takeover bid from Alden Global Capital-backed MNG Enterprises, “kicking off a battle for shareholder votes to determine the future of the company” – NYTimes and WSJ Ex-Bond King and favorite of the Daily Dose BBG (that’s Big Billy Gross to the uninitiated) … 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 | November 16, 2018

A no-deal Brexit wouldn’t merely be a disaster for PM May’s government. It would wreak definite havoc on UK-based companies (and those that do big business there). Here’s what they’re sweating at the moment – WSJ Quick update related to the Juul announcement earlier this week restricting some of its advertising and bricks-and-mortar offerings. The … Continue reading