Tag Archives: Spoofing

Financial Daily Dose 8.20.2020 | Top Story: Apple Becomes First U.S. Company to Hit $2 Trillion Valuation Mark

BY: Michael D. Reif | August 20, 2020

Apple tipped the $2 trillion mark this week, the first U.S. company to reach that valuation milestone, doing so just 2 years after it first hit $1 trillion. That it’s done so in the middle of a pandemic only punctuates how the coronavirus crisis “has been a bonanza for the tech giants” – NYTimes and … 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 8.20.2019 | Top Story: Top Execs Signal Shift in Corporate Priorities Beyond Just Shareholder Gain

BY: Michael D. Reif | August 20, 2019

A survey of the country’s most powerful CEOs by the Business Roundtable shows an interesting shift in how they view their top priority—no longer does advancing the interests of shareholders take the top spot. Instead, the leaders identified investing in employees, delivering value to customers, and dealing “fairly and ethically with their suppliers” as primary … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 24, 2019

Tuesday was yet another banner day on Wall Street, with the S&P 500 and Nasdaq closing at new highs.  Most market watchers think we have the Fed’s recent pivot on interest rates to thank for the continuing bull market (especially given the ongoing global uncertainty) – NYTimes and WSJ and Bloomberg and MarketWatch Occidental Petroleum … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 8, 2019

Pinterest has set a price range of $15 to $17 a share for its IPO roadshow today that “will value the company below its last private-market peg of $12 billion.” The company also plans to attempt “the sunset version of dual-class stock”  – NYTimes and WSJ and Bloomberg and MarketWatch Some reaction to Friday’s pretty … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 25, 2019

US banks are reporting that cases of financial abuse of seniors are on the rise. Treasury department data showed a 2-fold increase in suspected cases from just 5 years ago and a 12% increase from just a year ago – WSJ A look at the creep of spytech into the business realm, particularly in the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 20, 2018

The downfall of Nissan’s Carlos Ghosn continues today with news that Ghosn has been arrested by Japanese prosecutors over the recently revealed whistle-blower complaint alleging that he had “been misrepresenting his salary as well as using company assets for personal use” – NYTimes and WSJ and Bloomberg and Law360 Of course, the Ghosn story is … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 9, 2018

As widely expected, the Fed held rates steady when it wrapped its Open Market Committee meeting yesterday afternoon and deemed the economy “in good health,” laying the groundwork for another rate increase next month – NYTimes and WSJ and Bloomberg The DOJ has filed a complaint against the Swiss banking giant UBS over its “issuance, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 5, 2018

Big tech (including Facebook, Google [theoretically], and Twitter) is heading back to the Hill (with @jack pulling double-duty, because that’s how he rolls). Here’s what to expect today based on their prepared testimony – NYTimes and Recode and Law360 Apple was the first American company ever to cross the trillion dollar market cap figure. Less … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 15, 2018

The long-standing unease between CBS and the Redstone family bubbled over into a “corporate declaration of war” yesterday, with CBS suing controlling shareholder Shari Redstone and her family’s holding company to prevent (or at least dictate the terms of) a CBS/Viacom re-merger – CNN and NYTimes and WSJ Companies hoping to secure exemptions from White … Continue reading