Scott Kessler, Global Sector Lead for Technology Media and Telecommunications at Third Bridge, joins The Final Round to discuss the latest news on companies pausing advertisements on Facebook....
The speculation over the impact that coronavirus has had on the Chinese government and its reputation continues to grow. Tom Orlik, Chief Economist at Bloomberg and author of newly published ‘China: The Bubble that Never Pops’, joins The Final Round to discuss his findings and what can be expected from the Chinese economy in the next decade. ...
On Monday, lululemon announced that it is going to acquire at-home fitness startup Mirror for $500 million. Of the acquisition, CEO Calvin McDonald said “it is an exciting opportunity to build upon that vision, enhance [its] digital and interactive capabilities, and deepen [its] roots in the sweatlife.” LULU shares jumped on the news after-hours, while Peloton's stock came under pressure. Jared Blikre breaks down the details of the merger, and what it means for trends in home workout alternatives. ...
(Bloomberg) -- Fannie Mae and Freddie Mac investors just got another reason to hope that President Donald Trump turns around his sagging poll numbers and ultimately prevails in November.That’s because a Monday U.S. Supreme Court ruling signals that it’s going to be much easier for presidents to oust heads of some federal agencies. Fannie and Freddie’s regulator, the Federal Housing Finance Agency, is now run by Mark Calabria, a libertarian economist who’s committed to something shareholders desperately want: the mortgage giants’ release from government control. Calabria won’t likely get the chance to finish that job if Joe Biden wins the White House and fires him.In its Monday decision, the Supreme Court said the president has broad authority to remove the director of the Consumer Financial Protection Bureau because Congress went too far in insulating the financial industry watchdog from political pressure. In the 2010 Dodd-Frank Act, lawmakers stipulated that the president...
