Tag Archives: Jobs

Financial Daily Dose 10.8.2020 | Top Story: Feds fine Citi $400M over “Longstanding” Governance Failures

BY: Michael D. Reif | October 8, 2020

Federal regulators—including the Federal Reserve and the OCC—have fined Citigroup $400 million over “longstanding” failures in the areas of risk management, data governance, and internal controls. In addition to the fine, the OCC will require Citi to seek its approval before making even minor acquisitions of credit-card portfolios or non-bank companies  – Law360 and WSJ … Continue reading

Financial Daily Dose 6.8.2020 | Top Story: Bureau of Labor Statistics Admits Massive Undercount of May Jobless Figures

BY: Michael D. Reif | June 8, 2020

So about those May jobs numbers . . . . The return of 2.5 million jobs in May was a welcome and largely unexpected surprise. But the Bureau of Labor Statistics admitted later on Friday that the unemployment rate—reported as falling from 14.7% in April to 13.3% in May—“would have been three percentage points higher … Continue reading

Financial Daily Dose 5.1.2020 | Top Story: Latest Reporting Pushes US Jobless Count to 30 Million in Last 6 Weeks

BY: Michael D. Reif | May 1, 2020

Another round of unemployment reporting has pushed the newly jobless figure over 30 million in just the past 6 weeks, as the coronavirus continues to wreak economic havoc  in the U.S.  Even that staggering figure is inaccurate, though, as state-erected barriers to unemployment benefits have made undercounting rampant – NYTimes and WSJ With those numbers … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 3, 2017

Oh yes.  Jobs Report Friday, once again.  Your obligatory 5 things to watch as you read – WSJ Snap Inc. filed its first public prospectus yesterday in advance of its fast-approaching offering date, playing up the strength of its ad revenue in just two short years as part of its pitch for big-time value – … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 6, 2017

Incredibly, it’s Jobs Report Friday again.  Here’s what to keep in mind while reviewing the numbers – NYTimes and WSJ and Bloomberg Former NJ Senator and Governor Jon Corzine has reached a $5 million settlement with regulators over the collapse of his MF Global firm, which filed bankruptcy in 2011 and lost more than $1 … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 7, 2016

Jobs report Friday already.  Here’s what the journal was keeping an eye on – WSJ It’s not quite in the 9-year AIG/Greenberg territory, but it’s been five years since the Feds started investigating former NJ Senator and Governor Jon Corzine and his role in overseeing the collapse of brokerage firm MF Global. Unlike Hank, Corzine is … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | August 5, 2016

July’s jobs report is out today.  It’s a big one, as it fills the gap after two months at the extremes (May—way low; June—quite impressive) – WSJ Feel free to read it over with these 5 Things in mind – WSJ Common wisdom is that Elon Musk’s bid to merge his Tesla and SolarCity operations … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | July 8, 2016

June’s job report  is out today, and it was good news for US hiring. The Journal gave us a jump start with 5 Things to Watch [and some, as it turns out, overly pessimistic thoughts on why May’s rough numbers may not be an outlier]  – WSJ And how the Brexit has made the report … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | June 3, 2016

May’s jobs report is out today, though it may be a slightly less valuable barometer of economic growth due to the Verizon employee strike that wrapped up this week – WSJ Tribune Publishing’s doing more than buoying its financials with a sizeable infusion from Nant to help keep Gannett at bay. It’s also rebranding itself—to … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | May 9, 2016

Friday’s jobs report underwhelmed, but it shouldn’t necessarily put off a June rate hike by the Fed, says the Journal, especially given the news that wages climbed last month – WSJ Fair Game got downright monarchical (in the exercise of power, at least) on us this weekend, suggesting that President could act without Congress to … Continue reading