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How Do You Solve A Problem Like Billy Polte’s (with apologies to Oscar Hammerstein…I Just Couldn’t Make It Rhyme)

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Mr. Pulte is now the great poohbah of Fannie and Freddie supervising the Twins from his seat at FHFA and also now acting as chair of their respective boards. What is he going to do (assuming he has any agency here)?...more

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Financial Daily Dose 11.9.2020 | Top Story: Pfizer’s Vaccine News and Election Certainty Propel Wall Street Futures Skyward

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So . . . .  Nice, quiet week while we were gone, right? Wall Street forecasts are always dicey, but it sure looks like Pfizer’s solid vaccine news (along with this weekend’s newfound presidential certainty) could make for...more

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Financial Daily Dose 10.11.2019 | Top Story: France’s Renault Cans CEO Over Ties to ex-Nissan Chief Carlos Ghosn

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Because the Nissan leadership scandal is about as well-contained as Chernobyl in the early days [thanks, HBO], French automaker Renault has voted this morning to remove Chief Executive Thierry Bolloré amid concerns over the...more

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Financial Daily Dose 9.19.2019 | Top Story: Fed Cuts Rates Another Quarter percent

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As pretty much expected, the Federal Reserve cut interest rates a quarter point again yesterday, its second cut since late July. Fed Chair Powell also indicated in remarks after the FOMC broke that a “‘more extensive’ series...more

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Financial Daily Dose 9.17.2019 | Top Story: WeWork to Delay Planned IPO Until at Least October

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Shared office-space company WeWork, which had committed to moving forward with its planned IPO this week despite recent turmoil, appears likely to postpone the offering until at least October in an effort to shore up its...more

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Financial Daily Dose 9.6.2019 | Top Story: A Preview of Today’s U.S. August Jobs Report

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Jobs Report Friday! Here’s what to look for in the numbers – WSJ and Bloomberg and NYTimes The White House has rolled out its “long-awaited plan” to return federal mortgage giants Fannie Mae and Freddie Mac to the private...more

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Financial Daily Dose 8.5.2019 | Top Story: HSBC Ousts CEO After 18 Months and Cuts 4,000 Jobs

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HSBC chief John Flint is out just 18 months after he assumed the role as head of the London-based bank, likely due to clashes with Board Chair Mark Tucker and the lender’s focus on expanding in China. HSBC also announced it...more

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Financial Daily Dose 6.12.2019 | Top Story: State AGs take aim at Sprint/T-Mobile merger with antitrust suit

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Sprint and T-Mobile are facing new merger headwinds in the form of a NY & CA state AG-led lawsuit in the Southern District of New York that seeks to block the deal, alleging that it would cost customers of the companies “at...more

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Financial Daily Dose 5.8.2019 | Top Story: US/China Trade Talks Resume

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China’s lead trade negotiator, Vice Premier Liu He, is in D.C. today—despite the White House’s latest threats to increase tariffs by 15% on $200 billion of Chinese goods—to continue trade talks with his U.S. counterparts. Mr....more

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Your Daily Dose of Financial News

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Yesterday, federal officials unveiled an ongoing EEOC investigation into whether Uber “discriminated against women in hiring and pay” that began last August. The news extends Uber’s streak of investigations and brutal PR well...more

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