Tag Archives: Apple

Your Daily Dose of Financial News

BY: Michael D. Reif | August 3, 2018

Jobs report Friday!  Here’s what to have in mind while you’re reviewing the numbers – Bloomberg and NYTimes and WSJ and MarketWatch Apple officially hit the stupefying $1 trillion market cap mark yesterday, as its shares rose 3% just days after the company announced a “remarkably profitable” quarter – NYTimes and WSJ and Bloomberg and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 28, 2018

The DOJ has given Disney its official nod in its $71 billion bid for the entertainment assets of 21st Century Fox, contingent on Disney’s divestiture of Fox’s 22 regional sports networks (a condition all about Disney’s ESPN ownership) – NYTimes and WSJ and Bloomberg and Law360 Big bank stress test results drop today.  Here are … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 25, 2018

Europe’s much-ballyhooed (and feared) General Data Protection Regulation (“GDPR”) officially goes into effect today.  Here’s a look at the mad dash across all sectors (and outside of the EU) to comply – WSJ and Law360 and NYTimes and Marketplace Apple is for now eschewing plans to build its own electric self-driving car and instead partnering … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 31, 2018

Even as JPMorgan has set the playing field for his successor (Daniel Pinto v. Gordon Smith, FYI), head honcho Jamie Dimon is making it clear that he’s not about to go anywhere anytime soon – WSJ and NYTimes Speaking of Uncle Jamie, how would you feel about trusting him and Warren and Jeff with your … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 18, 2018

The Dow closed above 26k yesterday for the first time on what some are dubbing the FOMO rally or the “melt-up” market – WSJ and Bloomberg Apple’s reportedly looking to capitalize on a one-time repatriation tax of 15.5% (nearly 20% less than under the prior system) tucked into the new tax code in order to … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 9, 2018

China has put the kibosh on micro-lending, a move that has cut short not just the consumer loans themselves but the giant asset-backed securities market—a $37 billion industry in China last year alone.  The new curbs have had an outsized effect on the Ant Financial arm of Jack Ma’s empire – Bloomberg Yet even as … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 13, 2017

In an apparent effort to appease dissatisfied activist investors, chemicals giant DowDuPont has announced plans to change its breakup plan with an reorganizational structure that focuses on three “distinct businesses: an agricultural company, a materials science specialist and a specialty products business” – NYTimes and WSJ Rupert Murdoch’s Sky dreams appear to be on hold … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 5, 2017

Jobs report Friday again. Expectations were high – WSJ and NYTimes We’ve mentioned Uber’s Greyball issues before in passing.  But since the authorities are literally making a Federal case out of it, you should probably know more about the details if the software tool that has the ride-hailing company in hot water – NYTimes and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 3, 2017

Italy’s Alitalia has filed for bankruptcy yet again, the third filing in less than a decade, and it’s home country looks far less likely to bail out the troubled carrier this time around – NYTimes and Bloomberg Apple’s revenue grew to $52.9 billion in Q1, but the one percent drop in iPhone sales as compared … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 14, 2017

The Aetna/Humana proposed merger is officially history, just weeks after a federal judge blocked the deal over antitrust concerns – WSJ We’ve talked a fair amount about the switch to chip & pin card systems over the past few years. But how about a lack of cards altogether? Because that’s what the banks have in … Continue reading