Tag Archives: Twitter

Financial Daily Dose 10.31.2019 | Top Story: Fed Delivers Expected Interest Rate Cut

BY: Michael D. Reif | October 31, 2019

As universally expected, the Fed’s Open Market Committee delivered its third interest rate cut of 2019 yesterday, though it did so while signaling that it’s likely to pause before taking action again and “is now shifting into a more patient mode” – NYTimes and WSJ and Bloomberg Markets generally approved despite Chair Powell’s hints at … Continue reading

Financial Daily Dose 10.9.2019 | Top Story: Chair Powell says Fed will Expand its Treasury Securities Holdings

BY: Michael D. Reif | October 9, 2019

Fed Chair Powell, speaking at an economics conference in Denver yesterday, made news by indicating that the central bank would “once again begin expanding its portfolio of government-backed securities”—a shift in policy hastened by recent repo market shortages requiring Fed intervention – NYTimes and WSJ and Bloomberg and MarketWatch and Law360 A Philly jury has … Continue reading

Financial Daily Dose 8.21.2019 | Top Story: Fed “Tailoring” to Weaken Big Bank Capital Requirements

BY: Michael D. Reif | August 21, 2019

Beyond the revamped Volcker Rule we discussed yesterday, Federal Reserve officials are “slowly, but steadily,” making a series of regulatory changes likely to weaken “capital requirements installed in the wake of the [2008 financial] crisis to prevent the largest banks from suffering the kind of destabilizing losses that imperiled the United States economy.” Most Fed … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 24, 2019

Tuesday was yet another banner day on Wall Street, with the S&P 500 and Nasdaq closing at new highs.  Most market watchers think we have the Fed’s recent pivot on interest rates to thank for the continuing bull market (especially given the ongoing global uncertainty) – NYTimes and WSJ and Bloomberg and MarketWatch Occidental Petroleum … Continue reading

Kanye West Fights Class Cert. after Tidal Tweet

BY: Carly Kessler | October 15, 2018

Kanye West is trying to dodge class certification for a group of devout fans who claim he duped them into subscribing to music streaming service, Tidal. The story started in February 2016 when West tweeted that his studio album, “The Life of Pablo” would only ever be available on Tidal, as opposed to other streaming … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 9, 2018

Volatility was again the name of the game on Thursday in the US markets, which closed down nearly 4% again and headed into official “correction” territory – NYTimes and WSJ and Bloomberg and MarketWatch and Reuters Twitter dropped some unexpectedly good news this week, reporting Q4 profits (its first quarter in the black since its … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 5, 2016

Twitter’s expected to start fielding bids for itself this week, and Salesforce.com and Disney are both squarely in the mix – WSJ and Bloomberg Investor plaintiffs won a big discovery battle with the US gov’t over its 2012 decision to seize Fannie & Freddie’s profits. Federal Claims Court Judge Margaret Sweeney has ruled that the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 27, 2016

We learned yesterday that Twitter’s shopping itself around for a buyer.  It’s facing one big complication, though—the sizeable amount of stock Twitter has doled out to its employees over the years. Last year, for example, Twitter dished out more than $680 million in stock-based compensation, while its adjusted EBITDA was less than $560 million – … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 26, 2016

The Deal Professor weighs in on Yahoo’s announcement last week of the hack of roughly 500 million of its customers’ data and the specter of the MAC (material adverse change) that Verizon may choose to invoke to dance away from its $4.8 billion deal for Yahoo’s core business – NYTimes Wells Fargo is facing a … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 12, 2015

The negotiator pull out (this time by the IMF) isn’t new, but the consequences of stalled talks loom larger than ever as the years-long financial crisis in Greece comes to a head with billions in debt payments due at the end of the month – NYTimes and Bloomberg N.D. Georgia Judge Leigh May’s June 8 … Continue reading