Tag Archives: Oil

Financial Daily Dose 7.13.2020 | Top Story: OPEC Weighs Expanded Oil Production Just Months After Agreeing on Cuts

BY: Michael D. Reif | July 13, 2020

OPEC and its oil-producing allies (in Russia and elsewhere) are reportedly working on a plan to ease cuts on oil production they agreed upon in April “amid signs that demand is returning to normal levels following coronavirus-related lockdowns” and internal pressure from the Saudis – WSJ and Bloomberg and NYTimes Disney World’s back open, even … Continue reading

Financial Daily Dose 6.26.2020 | Top Story: Federal Reserve Limits Bank Payouts and Suspends Share Buybacks

BY: Juvian Hernandez | June 26, 2020

The Federal Reserve has “temporarily restricted shareholder payouts by the biggest banks,” preventing stock buybacks and barring increases in dividend payments in the third quarter. NYTimes and Bloomberg Market Snapshot: S&P 500 fell 1.7% to 3,030.13; Dow Jones Industrial Average decreased 2.1% to 25,199.81; Nasdaq Composite Index declines 1.6% to 9,851.85; Bloomberg Dollar Spot Index climbed 0.4% to … Continue reading

Financial Daily Dose 3.20.2020 | Top Story: Fed Doubles Down on QE Commitment and Markets Hold Steady for a Change

BY: Michael D. Reif | March 20, 2020

The Federal Reserve is adding to its commitment to buy government bonds, announcing on Thursday that it would also buy up $150 billion in Treasury securities—all of which confirms the central bank’s commitment to a return of QE on a scale not seen since before 2010 – WSJ Checking in with markets only at the … Continue reading

Financial Daily Dose 3.16.2020 | Top Story: U.S. Stocks Continue to Tumble Amid COVID-19

BY: Juvian Hernandez | March 16, 2020

U.S. stocks continue to tumble, sinking by “8.1% at the open, triggering a 15-minute trading halt;” “Brent crude sank below $30 a barrel;” treasuries surged despite major moves from the Federal Reserve; and market sentiment is as fearful as it was in 2009. – Bloomberg and NYT The Fed will buy at least $700 billion in bonds … Continue reading

Financial Daily Dose 3.11.2020 | Top Story: US Markets Officially Hit Bear Territory as COVID-19 Fallout Continues

BY: Michael D. Reif | March 12, 2020

Go ahead and put Tuesday, March 11th in the history books. The same day the WHO declared the COVID-19 outbreak as an official pandemic, the US stock market’s 11-year bull run officially came to an end, with the Dow closing 20% below its high from just a month ago. The S&P 500 was right on … Continue reading

Financial Daily Dose 1.6.2020 | Top Story: Oil Futures Jump as Concerns Deepen Over Mideast Volatility

BY: Michael D. Reif | January 6, 2020

And we’re back at it in 2020. Let’s get caught up . . . Oil jumped for a second straight day, with futures near $70/barrel as fallout from the U.S.’s drone-strike assassination of Iran’s Qassem Soleimani continues to raise “the prospect of disruptions in the world’s most important oil-producing region” – Bloomberg and MarketWatch and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 7, 2018

Some reaction to the HQ2 x2 news, including what a pair of new tech hubs actually means for the cities that have thrown out the red carpet to Amazon and other technology giants – NYTimes and WSJ After a generally strong 2018 that saw prices hit four-year highs as recently as a month ago, oil … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 8, 2018

Takeda has officially emerged victorious in the battle for Shire. The Japanese drug giant will pay more than $66/share to acquire Shire in a deal valued at $62 billion – WSJ For the first time since 2014, benchmark prices for US crude oil pushed past $70/barrel yesterday, and the coming US action on the Iran … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | April 18, 2016

Major oil-producing countries failed to reach an agreement to cap production at meetings held this weekend at Doha. Expect markets not to take this news well – WSJ and Bloomberg IPOs have been down—way down—in the start to 2016.  With news that Jose Cuervo’s got one in the works, it seems that maybe a little … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | March 14, 2016

Even as oil prices are rebounding and bringing some welcome hope to battered markets, the Journal worries that “this rally could lead to its own demise,” as higher prices “will likely encourage shale producers to ramp up output again, muddying any forecasts for shrinking U.S. supply” – WSJ More speculation on the Fed’s plans ahead … Continue reading