Tag Archives: Morgan Stanley

Financial Daily Dose 10.9.2020 | Top Story: New Jobless Claims Top 800,000 Again As U.S. Recovery Stalls

BY: Michael D. Reif | October 9, 2020

Yesterday’s jobless numbers were down a bit from a week earlier but still topped 800,000 for the 4th week in a row. “Claims remain above the pre-pandemic peak of 695,000 and are higher than in any previous recession for records tracing back to 1967” – WSJ and Marketplace and NYTimes We’ve been talking in the … Continue reading

Financial Daily Dose 6.17.2020 | Top Story: Consumer Spending Surged 17.7% in May, but Economists Warn of Yearslong Recovery Ahead

BY: Michael D. Reif | June 17, 2020

May saw a huge jump in consumer activity to the tune of +17.7%, as Americans unleashed their pent-up demand. It was welcome news for markets and beyond, but “the underlying data presents a more complicated picture and shows just how arduous an economic recovery from the coronavirus pandemic will be” – NYTimes and WSJ and … Continue reading

Financial Daily Dose 5.13.2020 | Top Story: Uber in Talks to Acquire Food-delivery Startup Grubhub

BY: Michael D. Reif | May 13, 2020

Uber and Grubhub are in talks to join forces, “aiming to create one giant player in food delivery as more people turn toward those services in the coronavirus pandemic.” Uber reportedly approached Grubhub with a potential takeover offer that, after a counter from Grubhub, would value the deal around $6.1 billion – NYTimes and WSJ … Continue reading

Financial Daily Dose 12.10.2019 | Top Story: Remembering Influential Former Fed Chair Paul Volcker

BY: Michael D. Reif | December 10, 2019

Some remembrances upon the passing of influential former Fed Chair Paul Volcker, a force in American economic policy for nearly 60 years who led “the Federal Reserve’s brute-force campaign to subdue inflation in the late 1970s and early ‘80s” – NYTimes and WSJ and Bloomberg and MarketWatch and Marketplace Antivirus software company McAfee LLC is … Continue reading

Financial Daily Dose 10.2.2019 | Top Story: Johnson & Johnson Pays Out $20 Million to Avoid First Opioid Trial

BY: Michael D. Reif | October 2, 2019

Johnson & Johnson doled out $20 million to two Ohio counties rather than go through with its first federal opioid-related trial. The money is rather small potatoes for J&J, but it marks the “first time . . . the world’s largest maker of healthcare products agreed to settle an opioid-related lawsuit” – Bloomberg and Law360 … Continue reading

Financial Daily Dose 7.15.2019 | Top Story: FTC Fines Facebook $5 billion Over Privacy Violations

BY: Michael D. Reif | July 15, 2019

Late Friday, the Federal Trade Commission hit Facebook with a $5 billion fine for the social media company’s range of privacy violations over the past few years – NYTimes and Wired and WSJ and Bloomberg The amount is massive, yet the sheer size and power of Facebook is enough that the general consensus is that … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 13, 2016

He survived two brutal days on the Hill and rode out the worst of the fake-account scandal, but John Stumpf has officially been tossed from the Wells stagecoach – NYTimes and WSJ and Bloomberg and Law360 Though quicker than expected, it’s not enough for Breakingviews’ liking – NYTimes The big takeaway from Fed’s September minutes … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | February 12, 2016

A year after announcing that it would pay roughly $2.6 billion to settle with state and federal regulators over faulty MBS, Morgan Stanley’s taking an additional $600 million hit, putting the figure at $3.2 billion—no chump change, but still well south of the $16.6 billion Bank of America paid in its 2014 settlement – NYTimes … Continue reading