Your Daily Dose of Financial News

Robins Kaplan LLP

So, business news anyone?

This deeper dive into the White House’s proposed tariffs on $200 billion worth of Chinese goods helps us understand just exactly how buying for the average American could change – NYTimes

Not that we’d be the only ones hurting, mind you – Bloomberg

The planned auto-import tariffs, meanwhile, appear to be slow tracked for now – WSJ

One of the interesting side effects of Amazon’s foray in to the grocery industry is the deal-making it’s prompted among its grocer competitors, particularly the mash-ups between online and brick-and-mortar outfits – NYTimes

We’ll be reading carefully when the Fed minutes drop today for clues about Fed Chair Powell’s rate hike plans for 2019 – Bloomberg and WSJ

Uber’s checking another pre-IPO box this week by naming former Merrill Lynch and CIT Group exec Nelson Chai as its chief financial officer – NYTimes and WSJ

Workplace messaging company Slack just added another $427 million to its coffers thanks to a new fundraising round that values the company at a whopping $7.1 billion – NYTimes

A “vaguely worded” provision in last year’s tax law is giving insurance companies fits. The provision—better known as Base Erosion and Anti-Abuse Tax, or BEAT—aimed to “keep companies from skirting taxes by shifting profits to overseas affiliates with lower tax rates,” but its “imprecise wording” could “impact the finances of insurance companies when they are at their most vulnerable—when paying out claims” – WSJ

And you thought the Olympics were just games . . . . Turns out, they might (might) just have the power to kick a super daylight savings regime into place for a two year span in Tokyo – Bloomberg

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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