Tag Archives: oil prices

Financial Daily Dose 4.28.2020 | Top Story: PPP Funding Replenished, but Applications Beset by Tech Glitches

BY: Michael D. Reif | April 28, 2020

The PPP is again flush with cash but also full of problems. Yesterday, that took the form of a Small Business Administration’s system for processing loan applications crashing within the first hours that the program reopened – NYTimes and WSJ and Bloomberg Today’s installment of PPP business backlash focuses on startups, some of whom have … 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

Financial Daily Dose 4.21.2020 | Top Story: Senate Passes Another COVID-19 Relief Bill; House to Consider it This Week

BY: Michael D. Reif | April 22, 2020

The Senate has passed a $484 billion measure that would add $130 billion to the Paycheck Protection Program, the “small-business loan program that ran out of funding last week after being deluged with applications.” The bill heads to the House for expected passage on Thursday – WSJ and Bloomberg and Law360 and NYTimes Shocker here—Netflix had … Continue reading

Financial Daily Dose 4.21.2020 | Top Story: Oil Prices Dip to Negative as Global Demand Dries Up During Pandemic

BY: Michael D. Reif | April 21, 2020

Monday saw U.S. oil prices take an unprecedented plunge into negative territory, as “concerns grew that storage tanks in the United States were near capacity and unable to hold all the unused code” (with the “bizarre movement . . . exaggerated by a quirk in the way oil prices are set”) – NYTimes and WSJ … Continue reading

Financial Daily Dose 9.18.2019 | Top Story: Fed Carries Out Rare Market Operation to Steady Rates

BY: Michael D. Reif | September 18, 2019

The Federal Reserve took the rare step yesterday of stepping “into financial markets . . . to keep interest rates from rising above its target, the first time the central bank has had to carry out this type of ‘market operation’ since the global financial crisis.” The NY Fed carried out the maneuver—though not without … Continue reading

Financial Daily Dose 6.14.2019 | Top Story: Oil prices shoot up after attacks on tankers

BY: Michael D. Reif | June 14, 2019

In case you haven’t had your eye on matters of global intrigue of late, figured we’d get you a bit caught up so that you know why your gas prices are heading north in the next couple of weeks – MarketWatch and NYTimes Facebook has recruited a stable of major backers—including Visa, Mastercard, PayPal, and … Continue reading