Tag Archives: Boeing

Financial Daily Dose 9.9.2020 | Top Story: Luxury-Goods Giant LMVH Pulls Out of $16 Billion Deal to Acquire Tiffany & Co.

BY: Michael D. Reif | September 9, 2020

Blaming a “U.S. move to impose tariffs on French goods,” luxury brand conglomerate LMVH is pulling out of a proposed $16 billion deal to buy jeweler Tiffany & Co. Tiffany is now suing to enforce the ill-fated agreement – Bloomberg and NYTimes and WSJ and MarketWatch Markets continued their slide on Tuesday, with tech stocks … Continue reading

Financial Daily Dose 8.19.2020 | Top Story: S&P 500 Erases Pandemic Losses Despite U.S. Failure to Control Virus

BY: Michael D. Reif | August 19, 2020

Unlike much of the world, the U.S. has not turned the corner on the coronavirus outbreak. But you wouldn’t know it by looking at the markets. On Tuesday, the S&P 500 topped out at its highest level ever, “capping a remarkable rebound fueled by unprecedented government stimulus and optimism among investors about the world’s ability … Continue reading

Financial Daily Dose 8.17.2020 | Top Story: White House Sets 90-day Deadline for TikTok Owner to Divest in U.S.

BY: Michael D. Reif | August 17, 2020

The White House has “doubled down” on its recent actions against TikTok by “formally giving ByteDance, the Chinese owner of the popular video-sharing app, 90 days to divest from its American assets and any data that TikTok had gathered in the United States” – NYTimes and WSJ and Bloomberg and MarketWatch and Law360 and Mashable … Continue reading

Financial Daily Dose 7.30.2020 | Top Story: Fed Recommits to Covid Relief Efforts as US GDP Craters

BY: Michael D. Reif | July 30, 2020

As expected, the Fed left rates unchanged at near zero as the Open Market Committee broke on Wednesday but managed to buoy stocks by pledging to “keep supporting the United States economy as the pandemic continues to depress economic growth and sideline millions of workers” – NYTimes and WSJ and Bloomberg and MarketWatch and Marketplace … Continue reading

Financial Daily Dose 7.15.2020 | Top Story: America’s Biggest Banks Setting Aside Tens of Billions for Anticipated Loan Losses

BY: Michael D. Reif | July 15, 2020

The latest quarterly reporting shows that America’s biggest banks—among them, JPMorgan, Citigroup, and Wells Fargo—are taking self-imposed hits now in anticipation of a “wave of loan losses” later. Those three are collectively stockpiling “$28 billion to cover losses as consumers and businesses start to default on their loans” – WSJ and Bloomberg and NYTimes Automakers … Continue reading

Financial Daily Dose 6.29.2020 | Top Story: Fracking Giant Chesapeake Energy Files for Ch. 11 Protection

BY: Michael D. Reif | June 29, 2020

Fracking pioneer Chesapeake Energy has filed for bankruptcy, “unable to overcome a mountain of debt that became unsustainable after a decade of stubbornly low gas prices.” The company grew wildly in the early 2000s under co-founder and former CEO Aubrey McClendon, but it also amassed $20 billion in debt before McClendon was pushed out in … Continue reading

Financial Daily Dose 5.27.2020 | Top Story: AT&T Officially Enters Streaming Wars With Its Pricey HBO Max Offering

BY: Michael D. Reif | May 27, 2020

With HBO Max entering the fray today, we’ve got your latest dispatch from the streaming wars, including thoughts on Max’s ability to deliver on its promise to “crush” Netflix despite a very crowded playing field, a spendy monthly price tag (at the wrong time), and a late start – NYTimes and Bloomberg and Cnet Speaking … Continue reading

Financial Daily Dose 4.30.2020 | Top Story: Fed Holds Rates Near Zero, Pledges to Use All of its Tools to Protect US Economy

BY: Michael D. Reif | April 30, 2020

The Fed closed out its April Open Markets Committee by holding rates steady at nearly zero but also pledging to “use its ‘full range of tools’ to insulate the economy as coronavirus lockdowns sap economic growth and throw millions out of work.” That strong reassurance helped drive markets up even as the US revealed on … Continue reading

Financial Daily Dose 4.29.2020 | Top Story: White House Declares Meat Processing “Critical Infrastructure” Even as Unions Object Over Safety Concerns

BY: Michael D. Reif | April 29, 2020

Despite [actually, more likely because of] a rash of recent closures at meat processing facilities due to COVID-19 outbreaks, the White House issued an executive order classifying the slaughterhouses as “critical infrastructure” in an effort to “prevent looming shortages of pork, chicken and other products as a result of the coronavirus” – NYTimes and WSJ … Continue reading

Financial Daily Dose 4.27.2020 | Top Story: Uncertainty Over How to Reopen Rules Even as Some States Return to Business

BY: Michael D. Reif | April 27, 2020

All the talk of when to reopen the economy is largely gotten in the way of a bigger (and thornier, if possible) question: how to do it.  Despite the bold declarations from optimists and wishful thinkers that it’s as easy as a light switch flipped back on, most think that that we’re really talking “months, … Continue reading