Tag Archives: Trade War

Financial Daily Dose 7.22.2019 | Top Story: Equifax Nears $700 million Settlement Over Privacy Breach

BY: Michael D. Reif | July 22, 2019

Credit bureau Equifax is closing in on an agreement with federal and state authorities in which it would pay $650-700 million to resolve claims related to the massive breach it revealed in September 2017 that exposed personal data of more than 145 million people – NYTimes and WSJ and MarketWatch A recent reported dip in … Continue reading

Financial Daily Dose 7.15.2019 | Top Story: FTC Fines Facebook $5 billion Over Privacy Violations

BY: Michael D. Reif | July 15, 2019

Late Friday, the Federal Trade Commission hit Facebook with a $5 billion fine for the social media company’s range of privacy violations over the past few years – NYTimes and Wired and WSJ and Bloomberg The amount is massive, yet the sheer size and power of Facebook is enough that the general consensus is that … Continue reading

Financial Daily Dose 6.6.2019 | Top Story: FiatChrysler Withdraws Offer to Merge With Renault

BY: Michael D. Reif | June 6, 2019

Well, that was short lived.  FiatChrysler broke news late yesterday that it’s withdrawing its offer to merge with France’s Renault, mere weeks after the companies bowled over the auto world with the proposal. Fiat blamed the French government for taking too long to support the deal, though it appears Nissan also played a role in … Continue reading

Financial Daily Dose 6.3.2019 | Top Story: DOJ Mulling Google Antitrust Action

BY: Michael D. Reif | June 3, 2019

The DOJ is considering joining its European counterparts in targeting Google for potential antitrust violations focused on Google’s “advertising practices and influence in the online advertising industry,” possibly including the company’s search practices – NYTimes and  WSJ and Bloomberg Such a probe would be consistent with a marked shift in Washington’s thoughts on Big Tech—from … Continue reading

Financial Daily Dose 5.10.2019 | Top Story: Chevron Concedes Anadarko Bidding War to Occidental

BY: Michael D. Reif | May 10, 2019

Chevron has dropped its $33 billion bid for Anadarko, ending the energy industry’s “fiercest takeover battle in 15 years” and leaving smaller rival Occidental “poised to become the dominant force in the largest oil field in the United States” – NYTimes and WSJ and Bloomberg and MarketWatch and Law360 Markets clearly have an outcome in … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 6, 2019

Some continuing reaction to the potential end to the trade war between the US and China, through the lens of a Delaware lighting store [NYTimes] and US businesses far more broadly, who are grappling with the question of what it all has meant –  NYTimes So that’s business. On the other side of the cash … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 9, 2019

We’ve got details on China’s proposed trade peace deal along with thoughts on whether it’ll be sufficient to satisfy a White House that’s been itching for a fight – NYTimes and WSJ and Bloomberg Time for our mid-week check-in with CES as we suss out the hits and misses of all that tech aims to … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 2, 2018

On Wednesday, Wells Fargo revealed that it reached a settlement with the DOJ after months of negotiating that will see the bank pay $2.09 billion to resolve allegations over its sales of toxic mortgage-backed securities in the months and years before the 2008 financial crisis. Wells did not admit liability as part of the deal … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 1, 2018

The US government is officially greenlighting fintech, with both the OCC and the Treasury Department issuing statements yesterday in support of the “emerging corner of the financial sector.” For the OCC, that means welcoming applications for a federal charter that would allow fintech firms to operate across state lines – WSJ and Law360 and NYTimes … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 12, 2018

Stocks didn’t love the latest on the Trade War front yesterday.  And oil wasn’t helping the cause, either – Bloomberg and NYTimes and WSJ The latest round of US-announced tariffs seems also to have brought US trade talks with China to a grinding halt – Bloomberg Comcast wasted little time in countering Rupert Murdoch’s recent … Continue reading