Media Navel Gaze: April 20, 2015
The Week Unpeeled
If you Googled "antitrust" last week you got Google after the EU filed antitrust charges against the company for accusations of search dominance, quickly drawing comparisons to Microsoft suits years ago in Europe and the software maker eventually paying billions in fines. More money-chasing to continue, no doubt.
- Former Fed Chief Ben Bernanke to become senior advisor to Citadel Investment Group;
- Don't set your clock by it: The Apple Watch is being delayed from its April 24 launch;
- Profit season is upon us with Citibank, Goldman and BlackRock reporting strong numbers so far;
- Global leaders are descending upon Washington for the semi-annual banking confab amid concerns that US is losing economic muscle due to ongoing political stalemate in the capitol (The New York Times Saturday);
- Bloomberg terminals suffered an outage on Friday for a few hours, causing another economic stalemate of sorts for its 325,000 users worldwide;
- The equity markets fell last week based in part on global concerns with the Dow shedding some 1.3 percent to end at 17,826;
- Werking it: Gisele took her last catwalk after a 20-year career last week, after earning $386 million for the highest paid supermodel over the last 10 years.
LatAm Gaze Economy
- Brazil in May will launch a grants program designed to spur infrastructure investment, according to Finance Minister Joaquim Levy.
- Brazilian oil titan Petrobras is expected this week to announce its most updated financials.
- Thousands of Chilean students took to the streets to protest that its government follows through on a promise to make all higher level education free.
- Midway through Mexican President Henrique Peña Nieto's term, investments in the auto space have totaled an all-time record of $22.6 billion, driven in large part by a renewed focus in the area from Ford.
Argentina this week successfully advanced a motion to nationalize all forms of train transportation. This comes after the country in 2014 nationalized oil giant YPF, which was at the time controversial.