Article: Here’s Why Cerence Stock Crashed on Thursday

Article - Media, Publications

Here’s Why Cerence Stock Crashed on Thursday

Jon Quast, 28 May 2020

Shares of automotive-technology company Cerence (NASDAQ: CRNC) crashed on Thursday after the company announced a convertible debt offering of $150 million. The stock was down by a single-digit percentage for most of the day before falling further in late trading. It finished 16% lower.

Even after today’s pullback, Cerence stock has beaten the market since it was spun off from Nuance Communications in October 2019.
Continue reading “Article: Here’s Why Cerence Stock Crashed on Thursday”

Article: Deutsche Bank, BlackRock CEOs warn against too much optimism in markets

Article - Media, Publications

Deutsche Bank, BlackRock CEOs warn against too much optimism in markets

Reuters Staff, 27 May 2020

FRANKFURT (Reuters) – The heads of Deutsche Bank DBKGn.DE and BlackRock BLK.N on Wednesday warned against too much optimism in financial markets. Continue reading “Article: Deutsche Bank, BlackRock CEOs warn against too much optimism in markets”

Subject: Christopher D. Armstrong

Subject of Interest

Christopher D. Armstrong is a member of the executive committee at the Federal Reserve Bank of New York. He is executive vice president, Wholesale Product manager and head of the Financial Services Group at the Federal Reserve Bank of New York. He is also on the Bank’s Executive Committee.  Before joining the Bank, Armstrong worked at the Raytheon Company. Armstrong received his bachelor’s degree in mechanical engineering from Virginia Tech and his master’s degree in business administration from Bryant University.

Biography

Federal Reserve Bank of New York

Subject: Lacey Dingman

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Lacey Dingman is a member of the executive committee at the Federal Reserve Bank of New York. Prior to joining the New York Fed, Dingman was the senior associate director, Division of Research and Statistics, at the Federal Reserve Board of Governors, where she was responsible for all operational and infrastructure aspects of the Division, including human capital strategy. Dingman has worked in the public sector organizations including the Commodity Futures Trading Commission, the Securities and Exchange Commission (SEC) and the Board. Dingman holds a Bachelor of Business Administration in accounting from the Henry Tippie School of Business at the University of Iowa.

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Federal Reserve Bank of New York

Subject: Pamela Chase Dyson

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Pamela Chase Dyson is a member of the executive committee at the Federal Reserve Bank of New York. She is executive vice president, chief information officer and head of the Technology Group (TG) at the Federal Reserve Bank of New York. She is also on the Bank’s Executive Committee. Prior to joining the New York Fed, Dyson was the chief information officer and director of the Office of Information Technology at the Securities and Exchange Commission (SEC). She holds a bachelor of science from the University of Maryland.

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Federal Reserve Bank of New York

Subject: Kevin Stiroh

Subject of Interest

Kevin J. Stiroh is a member of the executive committee at the Federal Reserve Bank of New York.  He is Executive Vice President of the Federal Reserve Bank of New York and head of the Supervision Group. Stiroh joined the Bank in March 1999 as an economist in the Research and Statistics Group and has held a range of positions in the Research and Statistics, Supervision, Markets, and Integrated Policy Analysis groups. Stiroh holds a bachelor’s degree from Swarthmore College in Economics and Psychology and an M.A. and Ph.D. from Harvard University in Economics.

Biography

Federal Reserve Bank of New York 

Subject: Daleep Singh

Subject of Interest

Daleep Singh is a member of the executive committee at the Federal Reserve Bank of New York.  He is executive vice president and head of the Markets Group at the Federal Reserve Bank of New York. Prior to joining the New York Fed, Mr. Singh was senior partner and chief U.S. economist at the global investment firm SPX Capital, from 2017 to 2019. Before that, he worked at the U.S. Department of the Treasury from 2011 to 2017. Prior to his tenure at the Treasury Department, Singh worked for Goldman Sachs, from 2003 to 2007, and again from 2008 to 2011. He was also a partner at Element Capital Management from 2007 to 2008. Singh holds a bachelor’s degree with Duke University in economics and public policy. He also holds a master of business administration/master of public administration from the Massachusetts Institute of Technology, and Harvard University.

Biography

Federal Reserve Bank of New York

Subject: Joshua Rosenberg

Subject of Interest

Joshua Rosenberg is a member of the executive committee at the Federal Reserve Bank of New York. He is executive vice president, chief risk officer and head of the Risk Group. Rosenberg joined the Bank in 2001 as a research economist. Prior to joining the Bank, Rosenberg was an assistant professor of finance at New York University’s Stern School of Business. He holds a bachelor’s degree in mathematics and religion from Oberlin College and a doctorate degree in economics from the University of California, San Diego.

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Federal Reserve Bank of New York

Subject: Helen Mucciolo

Subject of Interest

Helen Mucciolo is a member of the executive committee at the Federal Reserve Bank of New York. She is executive vice president, chief financial officer and head of the Corporate Group at the Federal Reserve Bank of New York. She is also on the Bank’s Executive Committee. Prior to joining the Bank, Ms. Mucciolo held various credit analyst positions in the private sector. Mucciolo received a bachelor’s degree in finance and accounting from Syracuse University and an MBA in finance from Pace University.

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Federal Reserve Bank of New York

Subject: Beverly Hirtle

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Beverly J. Hirtle is a member of the executive committee at the Federal Reserve Bank of New York. She is executive vice president, head of the Research and Statistics Group and director of research. She is also on the Bank’s Executive Committee. She has served on the Operating Committee of the Large Institution Supervision Coordinating Committee (LISCC), which coordinates the Federal Reserve’s supervision of large, complex financial institutions. Hirtle holds a B.A. in Economics and American Studies from Amherst College and a Ph.D. in Economics from Massachusetts Institute of Technology.

Biography

Federal Reserve Bank of New York

Subject: Michael Held

Subject of Interest

Michael Held is a member of the executive committee at the Federal Reserve Bank of New York. He is general counsel and executive vice president of the Legal Group at the Federal Reserve Bank of New York.  In addition, he serves as deputy general counsel of the Federal Open Market Committee. Mr. Held joined the New York Fed in 1998 as a staff attorney. Prior to joining the New York Fed, Held was an associate at McDermott, Will & Emery, LLP in the litigation department and prior to that, he was an associate at Kaye Scholer LLP.  Held holds a bachelor’s degree from Cornell University in Human Service Studies and a juris doctor degree from New York University School of Law.

Biography

Federal Reserve Bank of New York

Subject: Jack Gutt

Subject of Interest

Jack Gutt is a member of the executive committee at the Federal Reserve Bank of New York. He is executive vice president and head of the Communications and Outreach Group at the Federal Reserve Bank of New York. Gutt also serves on the Bank’s Executive Committee. Prior to joining the New York Fed, Gutt served as managing director at several leading public relations and public affairs firms and was one of the founding partners of Vistance Group LLC. Gutt joined the Bank in September 2009 as an officer in media relations and public affairs. Mr. Gutt holds degrees in newspaper journalism and political science, both from Syracuse University.

Biography

Federal Reserve Bank of New York