Tag Archives: Tesla

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

Your Daily Dose of Financial News

BY: Michael D. Reif | November 8, 2018

Wall Street apparently views a divided Congress as a good thing (think less chance of tighter regulation), and it celebrated by pushing the Dow up 500 points and jumping back into tech stocks – NYTimes and WSJ and Bloomberg and MarketWatch and Law360 For those keeping track at home, 10 years.  That’s the amount of time Wall Street has deemed appropriate post-2008 crisis … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 29, 2018

A recap of Friday’s GDP numbers, which featured both a strong 3.5% growth rate and early signs that “the growth could cool in coming months” – NYTimes and WSJ and Bloomberg Yes, Elon has settled with the SEC over his infamous “funding secured” tweets. But don’t think for a second it’s all free and clear … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 5, 2018

Blink, and it’s Jobs Report Friday again.  Where does the time go? Here’s what we’re watching for in the numbers – NYTimes and WSJ and MarketWatch Dealbook questions whether anything will actually come of yesterday’s report that Barnes & Noble is again looking to sell itself – NYTimes A mere 24-hours after Highfields called it … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 3, 2018

Amazon announced yesterday that it will immediately raise the minimum wage it pays to all 250,000 of its employees (and the 100k it plans to hire for the holiday season) to at least $15/hour, more than double the current federal standard – NYTimes and WSJ and Bloomberg and Marketplace We’ve talked plenty about Tesla’s boardroom … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 28, 2018

As expected based on news over the weekend, the US and Mexico have announced a preliminary deal to revise “key portions” of the North American Free Trade Agreement. Notably, Canada is thus far left out in the cold – NYTimes and WSJ and Bloomberg And China? Well, even colder – Bloomberg Pepsi’s recent multi-billion dollar … Continue reading