Your Daily Dose of Financial News

Robins Kaplan LLP

The Fed is expected to raise the benchmark interest rate today for the third time since 2015. Here’s some context on why the Fed’s moved on rates in the past – NYTimes and WSJ

And some speculation on some of the non-economic challenges facing Dr. Yellen and her crew – NYTimes

British lawmakers voted this week to finally let PM May move forward with triggering Article 50 and officially begin the 2-year Brexit unwinding process. For everyday Brits and their currency, the impact has already started – WSJ and Bloomberg

Financial transaction provider Euronet Worldwide’s made an unsolicited bid to acquire MoneyGram for about $1 billion in cash, throwing a wrench into Ant Financial’s plan to use MG as a way to break into the US market and raising the prospect of a bidding war – NYTimes and Law360

Bloomberg is reporting that the US is close to issuing indictments relating to the hacking attacks against Yahoo – Bloomberg

SIFMA’s down for the proposed 60-day DOL fiduciary rule implementation delay – Law360

Robert Shiller’s spidey-senses are tingling when it comes to the current state of the booming stock market – Bloomberg

Hard to pass this up.  The Journal gives us the back story on arguably the most popular BBC video-interview segment of all time – WSJ

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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