Tag Archives: The Fed

Financial Daily Dose 8.26.2019 | Top Story: Amgen to Pay More Than $13 Billion for Otezla

BY: Michael D. Reif | August 26, 2019

Amgen will pay $13.4 billion in cash to buy psoriasis treatment Otezla, a deal that will “pave the way for Bristol-Myers Squibb to complete its acquisition of Celgene” by addressing “regulatory concerns over their union” – WSJ Fed Chair Powell seemed to hit just about all the right notes in Jackson Hole on Friday (with … Continue reading

Financial Daily Dose 8.23.2019 | Top Story: Financial World Anxiously Awaits Fed Chair’s Jackson Hole Speech for Rate-Cut Clues

BY: Michael D. Reif | August 23, 2019

Jackson Hole’s beautiful this time of year. But that’s not why you’ll be hearing all about it today. Nope, more relevant for our purposes is the gathering there of top economists from around the world and the hotly anticipated comments this morning from Fed Chair Powell, who must once again dance on a tightrope while … Continue reading

Financial Daily Dose 8.20.2019 | Top Story: Top Execs Signal Shift in Corporate Priorities Beyond Just Shareholder Gain

BY: Michael D. Reif | August 20, 2019

A survey of the country’s most powerful CEOs by the Business Roundtable shows an interesting shift in how they view their top priority—no longer does advancing the interests of shareholders take the top spot. Instead, the leaders identified investing in employees, delivering value to customers, and dealing “fairly and ethically with their suppliers” as primary … Continue reading

Financial Daily Dose 8.1.2019 | Top Story: Fed Cuts Rates for First Time Since 2008

BY: Michael D. Reif | August 1, 2019

The Fed delivered on its expected quarter-point rate cut yesterday, the first decrease in short term rates since 2008. Fed Chair Powell cited “the implications of global developments for the economic outlook as well as muted inflation pressures” as reasons for the move, though by not promising a “rate-cutting campaign,” Powell gave markets plenty of … Continue reading

Financial Daily Dose 7.8.2019 | Top Story: Friday’s Solid Jobs Report Prompts Rate-Cut Concerns

BY: Michael D. Reif | July 8, 2019

We managed to miss Jobs Report Friday because of the holiday break, so here’s the lowdown on a very strong set of numbers—224,000 jobs added—and the seemingly incongruous market reaction to the good news (it’s all about the Fed and interest rates, my friends) – NYTimes and WSJ and Bloomberg and MarketWatch and Marketplace Turkey’s … Continue reading

Financial Daily Dose 6.5.2019 | Top Story: SEC Votes Today on New Broker Conduct Standards

BY: Michael D. Reif | June 5, 2019

The SEC will vote today on what it’s calling Regulation Best Interest, “which says brokers can’t put their own paychecks ahead of a customer’s needs”—the more-industry-acceptable revision of an Obama-era fiduciary duty rule for advisors that has since died a slow death. Still left unclear under the new plan, however, is “whether it would disrupt … Continue reading