Tag Archives: Quibi

Financial Daily Dose 6.15.2020 | Top Story: Reopening-Related COVID Surge Pauses Recent Market Rally

BY: Michael D. Reif | June 15, 2020

Rising infection rates around the U.S. and the globe are worrying markets, as fear of a second wave of cases linked with the reopening of the economy freaks out traders – WSJ and Bloomberg and MarketWatch Coronavirus-related litigation looks to be a hot topic in America for months and years to come, which is why … Continue reading

Financial Daily Dose 6.4.2020 | Top Story: DOJ Indicts Top Chicken Industry Execs Over Price-Fixing Allegations

BY: Michael D. Reif | June 4, 2020

The DOJ has begun the prosecutorial phase of its chicken price-fixing investigation with a one-count indictment accusing current and former senior execs at Pilgrim’s Pride and Claxton Poultry Farms—including their current presidents—of fixing prices and rigging bids from 2012 to 2017 – WSJ and Bloomberg and MarketWatch and NYTimes and Law360 Movie theater chain AMC … Continue reading

Financial Daily Dose 5.27.2020 | Top Story: AT&T Officially Enters Streaming Wars With Its Pricey HBO Max Offering

BY: Michael D. Reif | May 27, 2020

With HBO Max entering the fray today, we’ve got your latest dispatch from the streaming wars, including thoughts on Max’s ability to deliver on its promise to “crush” Netflix despite a very crowded playing field, a spendy monthly price tag (at the wrong time), and a late start – NYTimes and Bloomberg and Cnet Speaking … Continue reading

Financial Daily Dose 5.12.2020 | Top Story: Fed Launches ETF Buying in Effort to Aid Credit Markets

BY: Michael D. Reif | May 12, 2020

For the first time, the Federal Reserve system will begin buying corporate bonds—all part of the central bank’s efforts to “support the economy and financial system in the coronavirus crisis.” The NY Fed will kick things off with hundreds of billions in ETFs, which it views as “a fast way to direct money rapidly into … Continue reading

Financial Daily Dose 5.5.2020 | Top Story: WeWork’s Neumann sues SoftBank over scuttled $3B share purchase

BY: Michael D. Reif | May 5, 2020

WeWork co-founder wants to get PAAAAAID, so he’s suing SoftBank in an attempt to force it to “go through with its canceled deal to buy $3 billion of the company’s shares, accusing the Japanese conglomerate and its Vision Fund LP of abusing their control” of the shared office space startup – Law360 and Bloomberg and … Continue reading

Financial Daily Dose 5.4.2020 | Top Story: J.Crew Files for Bankruptcy Protection

BY: Juvian Hernandez | May 4, 2020

J.Crew filed for bankruptcy protection; the company’s lenders have agreed to “convert $1.65 billion . . . into equity.” Neiman Marcus Group Inc. and J.C. Penney are also on the bankruptcy path, already entering talks with lenders – WSJ and NYT All American equity indexes opened lower; the yield on two-year Treasuries was unchanged at 0.19% (the lowest … Continue reading

Financial Daily Dose 3.11.2020 | Top Story: New Wells Fargo CEO Scharf Emerges Unscathed After House Testimony

BY: Michael D. Reif | March 11, 2020

Wells Fargo’s latest CEO, Charles Scharf—the bank’s third chief in the past four years—faced a hostile but less pitchfork-and-torch wielding House Financial Services Committee hearing on Tuesday, distancing himself from his predecessors and stressing the bank’s renewed efforts at “appeasing . . . regulators” – NYTimes and WSJ and MarketWatch PepsiCo is closing in on … Continue reading