Tag Archives: Samsung

Financial Daily Dose 9.2.2020 | Top Story: Treasury Secretary Calls for More Virus-Related Relief As U.S. Economic Recovery Stalls

BY: Michael D. Reif | September 2, 2020

In a House Select Subcommittee meeting on Tuesday, Treasury Secretary Steven Mnuchin called for more Congressional action to provide coronavirus relief and promised a White House initiative to protect renters from eviction. Most in Congress agree, though no bipartisan path forward has yet emerged  – WSJ and Bloomberg and NYTimes Meanwhile, the Fed’s doing its … Continue reading

Financial Daily Dose 5.29.2020 | Top Story: Google Cut Costs . . . .

BY: Juvian Hernandez | May 29, 2020

Google cut costs by rescinding offers to more than 2,000 contract workers due to the strains of the pandemic – NYTimes The S&P 500 Index fell 0.6%;  the Dow Jones Industrial Average decreased 1%; the Nasdaq Composite Index decreased 0.1%; the yield on two-year Treasuries decreased one basis point to 0.16%; the yield on 10-year Treasuries … Continue reading

Financial Daily Dose 11.25.2019 | Top Story: London denies Uber license, sowing chaos for its 45k drivers there

BY: Michael D. Reif | November 25, 2019

The City of London has denied Uber’s request to extend its license in the city over concerns for rider safety. The decision puts Uber’s 45,000 drivers there in limbo, though they’ll be able to continue operating while the company appeals the decision – Bloomberg and NYTimes and WSJ Two possible deals that we discussed in … Continue reading

Financial Daily Dose 8.29.2019 | Top Story: South Korea High Court Could Send Samsung Heir Back to Jail

BY: Michael D. Reif | August 29, 2019

A ruling this morning from South Korea’s top court means that Samsung’s de facto leader, its vice chair and chaebol heir Lee Jae-yong, could be heading back behind bars. The high court found that a lower appeals court “had underestimated the value of the bribes” he provided to former South Korean president Park Geun-hye, jeopardizing … Continue reading

Financial Daily Dose 7.31.2019 | Top Story: Fed Likely to Cut Interest Rates

BY: Michael D. Reif | July 31, 2019

At this point, pretty much everyone on Wall Street is expecting the Fed to cut interest rates as its FOMC meeting breaks later today. Some thoughts on what’s likely to happen and how the Street could react to the news – MarketWatch and NYTimes and WSJ and Bloomberg Even as trade talks between the US … Continue reading

Financial Daily Dose 6.10.2019 | Top Story: U.S. Reverses Course on Tariffs Set to Hit Mexican Goods Today

BY: Michael D. Reif | June 10, 2019

The White House announced on Friday that the US and Mexico reached a deal that it deemed sufficient to keep from levying the threatened 5% tariffs on Mexican goods that was set to take effect today. As details of that deal have emerged, however, officials familiar with the negotiations are raising questions about what, exactly, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 23, 2019

Aaaand, we’re back at it.  Let’s get caught up. Samsung announced yesterday that it’s postponing the official mass-market introduction of its new foldable smart phone (originally set for the end of the week) based on reports that the pricey device has been malfunctioning – NYTimes and WSJ and Bloomberg and MarketWatch Controversial pick Herman Cain … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 6, 2018

Markets proved that last Friday’s 600-point Dow drop wasn’t an isolated incident, as all major US indices were down nearly 4% (at least) in a nasty Monday of trading – NYTimes and WSJ and Bloomberg and MarketPlace The Upshot’s already cautioning against reading too much into the two days of market freefall – NYTimes Streetwise … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 1, 2017

Samsung, beset by top-level resignations and a mess of bribery allegations reaching the former South Korean President and the crown prince of the family’s chaebol, has announced a new slate of execs “In an effort to bring stability to its top ranks” – NYTimes and WSJ US-based hedge fund Aristeia Capital is pushing for a … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 19, 2017

American Express Chair and CEO Kenneth Chenault announced that he’s stepping down next year after 16 years at the helm of AmEx.   He’ll be succeeded by Vice Chair Stephen Squeri – NYTimes and WSJ and Bloomberg The Dow hit 23,000 for the first time yesterday. Might want to keep that bubbly on ice, though, as … Continue reading