Your daily dose of financial news The Brief – 6.7.16

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In a gift to Wall Street today, Fed Chair Janet Yellen signaled that May’s weak job numbers were low enough to prompt reconsideration of a  June rate hike out of fears of pushing a fragile economy too far too fast – NYTimes and WSJ

Streetwise is presumably okay with the market bounce but takes issue with putting so much stock in those payroll numbers in the first place thanks to an outsized margin of error and little predicative ability – WSJ

Andrew Ross Sorkin chimes in on behalf of his Dealbook in the Delaware state court litigation surrounding the 2013 sale of Dell Inc. to former owner Michael Dell—the one in which the judge determined that Dell’s board sold its company for $6 billion too little (despite no higher offer sitting on the table) – NYTimes

T. Rowe Price has a mess of its own to clean up related to the 2013 Dell deal – Law360

Our Financial Industries phrase of the day: “melt up” (i.e., the opposite of melt down, or what HSBC is now predicting as increasingly possible for US stocks turning the bull corner again) – Bloomberg

The well-documented drying up of Venture Capital funding is prompting start-ups to consider IPOs as the best option for raising much-needed capital – NYTimes

Morgan Stanley’s reportedly looking to get in on the ETF game – Law360

White Collar Watch has been keeping an eye on the DOJ’s new Libor-related conspiracy and wire fraud charges against two former Deutsche Bank traders and gives some reason to think that the government’s got an uphill battle ahead to secure convictions this time around – NYTimes

Goldman Sachs has agreed to settle a $491 million lawsuit brought by the National Credit Union Administration over alleged misrepresented MBS risk. No financial details have been disclosed at this time – Law360

Why new tech doesn’t always equate to improved productivity and growth – NYTimes

After spending nearly 20 minutes detailing the debt crisis facing millions of Americans, John Oliver [newly minted CEO of CARP, Inc.] went ahead and did something about itLast Week Tonight

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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