- Acumen Powered by Robins Kaplan LLP®
- Affirmative Recovery
- American Indian Law and Policy
- Antitrust and Trade Regulation
- Appellate Advocacy and Guidance
- Business Litigation
- Civil Rights and Police Misconduct
- Class Action Litigation
- Commercial/Project Finance and Real Estate
- Corporate Governance and Special Situations
- Corporate Restructuring and Bankruptcy
- Domestic and International Arbitration
- Entertainment and Media Litigation
- Health Care Litigation
- Insurance and Catastrophic Loss
- Intellectual Property and Technology Litigation
- Mass Tort Attorneys
- Medical Malpractice Attorneys
- Personal Injury Attorneys
- Telecommunications Litigation and Arbitration
- Wealth Planning, Administration, and Fiduciary Disputes
Acumen Powered by Robins Kaplan LLP®
Ediscovery, Applied Science and Economics, and Litigation Support Solutions
-
March 26, 2024Ronald Schutz, Brendan Johnson Named to Forbes Top 200 Lawyers in the United States
-
March 21, 2024Robins Kaplan Firm Members Appointed to Law360 Editorial Boards
-
March 20, 2024Brandon Vaughn Inducted into The International Society of Barristers
-
April 5, 2024Mass Torts Made Perfect
-
April 17, 2024American Antitrust Institute Virtual CLE Lunch & Learn
-
May 2-3, 2024ACI Advanced Forum on Managed Care Disputes and Litigation
-
March 22, 2024‘In re Cellect’:
-
March 14, 2024How Many Cases Have You Tried to a Verdict?
-
March 2024Do We Have to Share That Information? Attorney-Client Privilege in the Multi-Entity Context
-
September 16, 2022Uber Company Systems Compromised by Widespread Cyber Hack
-
September 15, 2022US Averts Rail Workers Strike With Last-Minute Tentative Deal
-
September 14, 2022Hotter-Than-Expected August Inflation Prompts Massive Wall Street Selloff
Find additional firm contact information for press inquiries.
Find resources to help navigate legal and business complexities.
CPI Report Shows Slowing Inflation, Boosts Markets
Financial Daily Dose 8.11.2022
August 11, 2022
Wednesday’s CPI Report delivered welcome news to U.S. consumers and affirmed consumer sentiment that the price hikes that have marked so much of 2022 are easing. Officially, “only a monthly basis, prices barely moved” from last month, as “falling prices for gas, airfares, used cars and hotel rooms . . . canceled out increases in critical areas like food and rent” - NYTimes and Bloomberg and WSJ
Markets welcomed the news, with all three indices rising “sharply” and the S&P500 in particular hitting its highest mark since May. Traders are banking on slowing inflation as an indication that the Fed “may need to be less aggressive in their rate hiking cycle” - NYTimes and Bloomberg and WSJ and MarketWatch
Speaking of Powell and friends, here’s what the report (and last Friday’s robust jobs figures) may mean for the central bank and its inflation-taming plans - NYTimes and Bloomberg and WSJ
Some thoughts on the twilight of the “boy boss” era in Silicon Valley amid a wave of resignations at unicorns like Pinterest, Airbnb, and Instacart - NYTimes
Solid Q2 earnings news from Disney boosted the Big Mouse’s stock in after-hours trading on Wednesday thanks to banner park performance and strong Disney+ demand. Disney announced that it increased subscriber figures by more than 14 million and will raise the price of its Disney+ service by 38% “to generate more revenue for its money-losing online businesses.” Disney will also “introduce an ad-supported version” of its service in December - Bloomberg and NYTimes and WSJ and MarketWatch and Mashable and TechCrunch
Another day, another area of the financial sector to get Genslered. This time, its hedge funds who “would have to start giving the government significantly more information about their investment strategies” under a newly proposed rule from Gensler’s SEC aimed at helping the Commission “better keep tabs on risks to the financial system” – Bloomberg and WSJ and Law360
The SEC also has an eye on Coinbase over the company’s “staking programs, which allow users to earn rewards for holding certain cryptocurrencies,” and serve as a means for the exchange to “diversify revenue from trading” - Bloomberg and Law360
Jurors in a Chicago-based federal criminal case against former JPMorgan precious-metals traders have found the duo guilty of fraud for years of alleged spoofing-driven market manipulation - Bloomberg and WSJ and Law360
Another strong entry from Lyz Lenz on a topic that hits close to home: making daily time for word puzzling even “as the world burns” - MenYellAtMe
Stay safe,
MDR
The Robins Kaplan Financial Daily Dose features top stories and latest news headlines in financial markets, banking, securities and technology topics.
Related Professionals
Michael D. Reif
Partner
If you are interested in having us represent you, you should call us so we can determine whether the matter is one for which we are willing or able to accept professional responsibility. We will not make this determination by e-mail communication. The telephone numbers and addresses for our offices are listed on this page. We reserve the right to decline any representation. We may be required to decline representation if it would create a conflict of interest with our other clients.
By accepting these terms, you are confirming that you have read and understood this important notice.