A big snow here at Mpls HQ threw a wrinkle in things yesterday morning, but we’re back at it with your financial news of the day.
More analysis [both foreign and domestic] of the White House’s rather sudden tariff announcement late last week – NYTimes and WSJ and Bloomberg
The fallout from the announcement is igniting fears of a global trade war that could threaten the place of iconic American brands around the world – Bloomberg
And big Carl’s sale of steel-linked investments in the weeks before the tariff move is raising eyebrows, too – Bloomberg
US regulators are asking Qualcomm to delay its annual shareholder meeting in order to give them more time to investigate whether Singapore-based Broadcom’s takeover bid would threaten US national security – NYTimes and WSJ
Much like its rival Alibaba’s move into the financial world through its Ant arm, Amazon is reportedly working on its own foray into checking-account-like product—potentially in conjunction with big banks like JPMorgan – WSJ
We explored the power of craft breweries to ignite urban renewal, including in Minneapolis’ North Loop. One Detroit native is hoping that fashion can play the same role in his hometown – NYTimes
The Journal on the rise of often-covert location-data mining and sales – WSJ
Paris-based insurer Axa has agreed to buy XL Group, the US-based property and casualty insurer with a market value of roughly $11 billion, for $15.3 billion in cash—a 33% premium – Bloomberg and WSJ
A special committee of Nordstrom’s board has rejected the company’s namesake family’s $8.4 billion bid to take the company private again, calling the offer too low – NYTimes and WSJ and Bloomberg
The former head of the Vatican Bank—officially, the Institute for the Works of Religion—has been indicted on charges of money laundering and embezzlement over his ties to more than $61 million in losses – NYTimes
On Friday, the 9th Circuit slapped down Bank of America’s attempt to use Dodd-Frank to dodge a California law requiring it to pay interest on mortgage escrow accounts, finding that California’s state consumer law did not conflict with the federal law – Law360
HNA Groups scores of billions of investments splashed around the world in the past few years helped propel it to a place of financial prominence in the world. As its bills have come due—all $90 billion of them—HNA is facing new pressures both from its lenders and from its own government in China, which is increasingly concerned about debt-laden conglomerates – NYTimes and WSJ
Riiiiiiight. World dominance for Brooklyn BBQ. Riiiiiiight – ThePost