Tag Archives: USMCA

Financial Daily Dose 1.17.2020 | Top Story: Senate Passes USMCA by Wide Margin to Update NAFTA

BY: Michael D. Reif | January 17, 2020

While there’s plenty of other business afoot in D.C. these days, it also happens to have been a pretty big week for trade deals. A day after Phase One with China was inked, the Senate overwhelmingly approved a revised NAFTA—now officially the USMCA—which will get final executive approval next week – NYTimes and WSJ and … Continue reading

Financial Daily Dose 12.20.2019 | Goldman nearing $2B deal with DOJ to resolve 1MDB scandal claims

BY: Michael D. Reif | December 20, 2019

Goldman Sachs is reportedly in negotiations with federal prosecutors to resolve claims about its role in the Malaysian 1MDB scandal for upwards of $2 billion. A settlement—which “could include a guilty plea from Goldman’s subsidiary in Asia”—might be completed as early as late January 2020 – NYTimes and WSJ Tucked within the spending bill that … Continue reading

Financial Daily Dose 12.11.2019 | Top Story: US and China Hint at Tariff Delay to Help Ease Phase One Negotiations

BY: Michael D. Reif | December 11, 2019

U.S. and Chinese trade negotiators are “laying the groundwork for a delay of a fresh round of tariffs set to kick in on Dec. 15” as the countries continue to work through how a Chinese promise to make huge ag purchases from American farmers would work – WSJ and Bloomberg The FOMC is wrapping meetings … Continue reading

Financial Daily Dose 11.22.2019 | Top Story: WeWork Cuts Nearly 20% of Global Workforce

BY: Michael D. Reif | November 22, 2019

The first cuts from WeWork hit this week, and they’ll take the form of 2,400 employees around the world—some 20% of the struggling company’s workforce – NYTimes and WSJ and MarketWatch and CNBC Chinese officials have invited American negotiators to participate in a new round of in-person talks “as both sides are struggling to strike … Continue reading

Financial Daily Dose 11.15.2019 | Top Story: New Jersey Targets Uber Over “Independent Contractor” Worker Classification

BY: Michael D. Reif | November 15, 2019

Sending a shot across the bow of the gig economy, New Jersey is seeking nearly $650 million from Uber for “years of unpaid employment taxes for its drivers, arguing that the ride-hailing company has misclassified the workers as independent contractors and not as employees.” Uber says it’s challenging the state’s findings, but Jersey’s not alone … Continue reading

Financial Daily Dose 5.31.2019 | Top Story: Fed Eyeing Global Stability in Future Rate-cut Decisions

BY: Michael D. Reif | May 31, 2019

Fed vice chair Richard Clarida, in comments to the Economic Club of NY on Thursday, hoped to calm turbulent markets by noting that central bank officials would indeed consider lower-than-desired inflation along with “global economic and financial developments” as part of any decision to move away from its current “patient stance” and “toward cutting interest … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 13, 2018

We seem to be in whipsaw territory, as a tech selloff on Monday spread into a “broad retreat” that led to the Dow tumbling 600 points – WSJ and Bloomberg and MarketWatch GE also took it on the nose, with new CEO Larry Culp’s rare CNBC interview apparently only further shaking confidence in the company’s … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 2, 2018

More on the rather shocking departure of John Flannery from GE, the Board that didn’t want to give him any more leash for his turnaround plans, and the future of the embattled corporate giant under Larry Culp – NYTimes and WSJ and Bloomberg A Canadian-focused take on the last-minute deal that preserves a Mexico-Canada-US trade … Continue reading