Tag Archives: American Express

Financial Daily Dose 6.15.2020 | Top Story: Reopening-Related COVID Surge Pauses Recent Market Rally

BY: Michael D. Reif | June 15, 2020

Rising infection rates around the U.S. and the globe are worrying markets, as fear of a second wave of cases linked with the reopening of the economy freaks out traders – WSJ and Bloomberg and MarketWatch Coronavirus-related litigation looks to be a hot topic in America for months and years to come, which is why … Continue reading

Financial Daily Dose 3.2.2020 | Top Story: Activist Elliott Mgmt Amasses Stake in Twitter and Takes Aim at CEO Jack Dorsey

BY: Michael D. Reif | March 2, 2020

Paul Singer and the Elliott Mgmt crew have a new target in their sights: Twitter’s founder and CEO, Jack Dorsey. Singer’s Elliott fund has amassed a “significant stake” in the company—perhaps as much as a billion—and is looking to throw its weight around, perhaps even starting at the top – NYTimes and Bloomberg and WSJ … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 9, 2019

We’ve got details on China’s proposed trade peace deal along with thoughts on whether it’ll be sufficient to satisfy a White House that’s been itching for a fight – NYTimes and WSJ and Bloomberg Time for our mid-week check-in with CES as we suss out the hits and misses of all that tech aims to … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 6, 2018

The FBI and OCC have each launched inquiries into pricing practices within American Express’s forex unit with an aim to determine “whether the foreign-exchange international payments department misrepresented pricing to clients in order to win their business” – WSJ and Bloomberg A breakdown of Facebook’s and Twitter’s day in DC, including a recap of Jack … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 30, 2018

The Journal is breaking news this morning that American Express has been raising forex prices on customers for years “without notifying customers in a bid to boost revenue and employee commissions” – WSJ An explosive Ronan Farrow New Yorker expose has led to an official inquiry from the CBS board of directors into alleged sexual … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 26, 2018

Milwaukee-based Harley-Davidson announced on Monday that it will shift some of its motorcycle production overseas “to avoid retaliatory tariffs imposed by the European Union” in response to the White House’s trade moves – NYTimes and WSJ and Bloomberg and Law360 Markets were back in the [serious] red on yesterday after late-week and weekend trade machinations … Continue reading