Tag Archives: Volkswagen

Financial Daily Dose 8.13.2019 | Top Story: Global Volatility Sends Bonds Yields to Near-Record Lows

BY: Michael D. Reif | August 13, 2019

A volatile August on Wall Street has insiders asking whether we should be taking our cues from 1998 or 2007 – NYTimes With that in mind, our financial term of the week is “countercyclical capital buffer,” a wonkish special for you econ diehards out there that’s a potential new tool for the Fed that would … Continue reading

Financial Daily Dose 7.29.2019 | Top Story: Pfizer and Mylan Join Forces to Create Generics Powerhouse

BY: Michael D. Reif | July 29, 2019

Drug giants Pfizer and Mylan have inked a deal that will merge the former’s off-patent drugs with the latter’s generics business, a tie-up that creates a mammoth global seller of lower-priced medicines – WSJ and Bloomberg and NYTimes Friday’s GDP report showed US economic growth slowing to 2.1% in Q2, as higher consumer spending helped … Continue reading

Financial Daily Dose 7.9.2019 | Top Story: Deutsche Bank Cuts 18,000 Jobs Globally

BY: Michael D. Reif | July 9, 2019

Lots more details on what turned out to be something of a bloodbath for Deutsche Bank employees around the world, with the bank starting to make good yesterday on its plans to cut nearly 18,000 employees worldwide – NYTimes and WSJ and Bloomberg and Marketplace and Law360 All of which is really a Deutsche Bank … 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 6.3.2019 | 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

Your Daily Dose of Financial News

BY: Michael D. Reif | April 16, 2019

Former Volkswagen CEO Martin Winterkorn is facing aggravated fraud charges from German prosecutors for his leadership of the automaker “when it deceived regulators about its vehicles’ diesel exhaust levels.” The criminal charges are the first of their kind filed against an individual in connection with the emissions scandal that has rocked the German auto industry … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 15, 2019

Just days after Facebook announced its shift to more private communications, the company’s chief product officer (and longtime Zuck inner-circler) Chris Cox and WhatsApp head Chris Daniels are both heading out the door, adding uncertainty to an already troublesome week for the social media giant – NYTimes and WSJ and Bloomberg and MarketWatch China’s gradual … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 4, 2018

Jobs Report Friday! As usual, some thoughts on items of note while you peruse the numbers – WSJ and MarketWatch and NYTimes The DOJ has charged former VW chief exec Martin Winterkorn (and 5 others) with conspiring to defraud the US government in Volkswagen’s “yearslong effort to rig its diesel vehicles to feign compliance with … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 13, 2018

In what can only be deemed a major reversal, the White House has reportedly ordered its economic adviser and trade representative to study rejoining the Trans Pacific Partnership, just a year after yanking the US out of deal negotiations – WSJ and Bloomberg and NYTimes Victims of Ponzi schemer Bernie Madoff are set to receive … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 11, 2018

More than 3 years after admitting to cheating on diesel emissions tests, Volkswagen appears poised to oust CEO Matthias Muller—likely in favor of former BMW exec Herbert Diess – NYTimes and WSJ and Bloomberg Sprint and T-Mobile have rekindled merger talks, yet again – WSJ As expected, markets were thrilled by President Xi’s measured response … Continue reading