Your Daily Dose of Financial News


Strong quarters from tech giants Microsoft, Alphabet, and Amazon point to the power of the cloudNYTimes and WSJ

Now that NAFTA seems to have an at-least-momentary reprieve, let’s take a breath and take a look at the four major industries that would be affected by any big changes in the deal – NYTimes

Private equity firms, who for some time have complained that their shares are undervalued, are finally getting some love—interestingly enough, it’s taking coming in the form of hedge funds – WSJ

Fannie Mae shareholders have struck out in their attempt to hold Deloitte responsible for allegedly bad auditing that they claim led them to buying a bad stock –Law360

FPA Capital Fund isn’t being subtle when it comes to exchange-traded funds. It’s dubbed ETFs “weapons of mass destruction” and asserts that they’ve distorted stock prices and created the potential for a market selloff. But, you know, other than that . . . . – Bloomberg

The CFPB has filed an Illinois federal court lawsuit against tribal-owned online lenders, asserting that the companies “deceived customers by collecting debts they weren’t owed legally” – Law360

Wanted at Uber: CEO wrangler – WSJ

Barclays’ CEO Jes Staley is facing an uphill battle to reelection thanks to the efforts of proxy adviser ISS, which has expressed reservations about Staley’s efforts to unmask a whistleblower critical of the CEO – WSJ

Humans in North America a solid 100,000 years before their generally accepted appearance? Not exactly your run-of-the-mill scientific announcement. And given the complications of dating technology and the massive change the discovery implies if true, not exactly an uncontroversial one, either – Wired

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