Tag Archives: Fidelity

Financial Daily Dose 8.27.2020 | Top Story: TikTok CEO Resigns After Just 4 Months on Job

BY: Michael D. Reif | August 27, 2020

Still-new TIkTok CEO Kevin Mayer has stepped down, “just months after taking the helm of the viral short video app.” ByteDance had appointed Mayer in May in an effort “to make the case that TikTok operates as a separate entity from its Beijing-based parent to assuage concerns about national security,” but the White House was … Continue reading

Financial Daily Dose 2.20.2020 | Top Story: Fed Minutes Show Central Bank Happy With Economy, Worried About Coronavirus

BY: Michael D. Reif | February 20, 2020

Newly released minutes from the Fed’s January meeting show central bankers preoccupied with global risks, including the still-growing economic impact of the coronavirus, while still taking a wait-and-see approach to any deviation from its current rate stasis – NYTimes and WSJ and MarketWatch In other virus-related news, the SEC is urging US-listed companies with operations … Continue reading

Financial Daily Dose 10.10.2019 | Top Story: US/China Trade Talks Resume Even as Tensions Grow

BY: Michael D. Reif | October 10, 2019

Senior negotiators from the U.S. and China will officially resume trade negotiations today, “with higher tariffs looming if [they] fail to break a five-month stalemate.” The U.S.’s moves this week to blacklist 28 Chinese tech companies and suspend some visas over China’s treatment of Muslim minorities is only complicating the high-stakes talks. New discussion of … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 5, 2019

OxyContin maker Purdue Pharm is prepping for a possible bankruptcy filing “as it seeks to contain liability from hundreds of lawsuits alleging it fueled the nation’s opioid epidemic.” Officially, the company went on the record saying it has “ample liquidity” – WSJ and Bloomberg and MarketWatch San Francisco federal judge Charles Breyer took the rare … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 27, 2019

The DC Circuit Court of Appeals dealt the DOJ a blow yesterday with a ruling that “rejected the government’s claim that a lower court had applied antitrust laws incorrectly in allowing the merger” between AT&T and Time Warner to proceed. The Justice Department announced that it wouldn’t seek another appeal of the $85.4 billion deal … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 29, 2018

A political crisis in Rome has economics [at least partially] and EU commitment at its core and is reminding some observers of the Greece morass of a few years back. The uncertainty the situation’s creating is not expected to boost global markets – Bloomberg and WSJ and MarketWatch The GDPR’s officially in force.  Time to … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 23, 2017

Tesla’s hoping that a manufacturing plant in China—the first in the country wholly owned by a foreign manufacturing company—will translate into big sales in the Chinese market. With the Chinese government loath to give up the steep tariffs that are the norm for foreign imports, though, who could benefit more from the factory is still … Continue reading