Your Daily Dose of Financial News

Demolition of an old house

The EU has agreed to grant PM May and Britain an extended deadline until October 31 for it to come up with a plan to avoid “a devastating cliff-edge divorce,” though it’s far from clear what beyond some additional time the Prime Minister has going for her as she attempts to steer Brexit to a non-disastrous resolution – NYTimes and WSJ and Bloomberg

We’ve got some details about the size of Uber’s much-anticipated IPO thanks to Day 1 of its public offering roadshow today, and while not the $120 billion mark some have bandied about, the $100 billion valuation it’s likely to seek is nothing to sneeze at, thank you – NYTimes and WSJ and Bloomberg

That news hit the wires around the same time yesterday that rival Lyft’s shares wrapped trading at a record low, falling 11% – Bloomberg and MarketWatch

A recap of a contentious day before House Financial Services Committee for the heads of seven of the largest US banks—their first joint appearance on a congressional panel since February 2009 – WSJ and Bloomberg and MarketWatch and Law360

We read the Fed’s March meeting minutes so you don’t have to, and here’s what we found: between a global economic slowdown and “muted inflation” readings, there’s not much of any reason to expect the central bank to change rates for the rest of the year – WSJ and Bloomberg and MarketWatch

White House plans to roll back vehicle emissions standards are dividing the American auto market, with some companies seizing on the change and others opting for the long game – NYTimes

The CFTC and DOJ will have two weeks in which to decide whether to proceed with another shot at their spoofing case against software programmer Jitesh Thakkar – Law360

Some stumbling blocks are popping up for Herman Cain in a possible path to the Federal Reserve Board – Bloomberg

As a mid-April blizzard again sucks all light (and life and hope) in the world away from us in the North, it feels like an awfully appropriate time to recognize the team of astronomers and other scientists (including Dr. Katie Bouman) who have delivered to us our first glimpse of an actual black hole – NYTimes and WSJ and Bloomberg


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