Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
NEW YORK (Reuters Breakingviews) - Fintech's faithful are putting payments on a pedestal. Square and PayPal shares are near all-time highs – as are those of venerable outfits like Visa, MasterCard and First Data. They’re each chasing what could be a $2.3 trillion revenue business by 2019, according to McKinsey. But they can’t all be winners.
NEW YORK (Reuters Breakingviews) - Republicans’ failure to replace Obamacare throws into doubt Washington’s ability to keep other high-profile election promises, not least cutting corporate levies. Meanwhile, President Trump’s fuzzy agenda for reforming NAFTA could give Canada and Mexico more bargaining power.
NEW YORK (Reuters Breakingviews) - James Gorman is teaching rival Wall Street boss Lloyd Blankfein the benefits of diversity. Stabilizing the fixed-income trading unit isn’t the only way his Morgan Stanley showed Goldman Sachs its tail for the second quarter in a row. His growing capital-light wealth unit helped, too.
NEW YORK (Reuters Breakingviews) - Tesla’s CEO is putting the firm’s reputation, and $50 mln, on the line in a deal to quickly provide energy storage to South Australia. Over in Texas, a battle is brewing between investment icons Warren Buffett and Paul Singer over a long-suffering and oft-wooed energy company.
NEW YORK (Reuters Breakingviews) - It’s 20 years since the British handed the island and adjacent territory back to the mainland. Breakingviews’ Asia columnists explain how Hong Kong’s economy and society have changed and ask whether this once-dominant regional financial center can regain some of its lost luster.
NEW YORK (Reuters Breakingviews) - Volvo has just given Tesla a shock. The Sweden-based carmaker on Wednesday said it will stop producing new gasoline-only engines from 2019 and shift to a variety of hybrid and all-electric models. That may not appear too significant at first – the company, after all, accounted for just 0.6 percent of global vehicle sales last year. But its plan sums up the challenges faced by Elon Musk’s firm.
NEW YORK (Reuters Breakingviews) - The meal-kit delivery firm had an unappetizing IPO, barely opening above its much-reduced price of $10 a share. Investors are starting to wise up to fluffy concoctions with little meat. The more discerning environment will make it difficult for half-baked companies with high risk. Listen to the podcast: https://soundcloud.com/reuters/blue-aprons-debut-leaves-bad
NEW YORK (Reuters Breakingviews) - Filling departed founder Travis Kalanick’s seat is no easy task, so we offer some suggestions. Elsewhere, Amazon CEO Jeff Bezos’ seemingly crazy $13.7 bln offer for struggling grocer Whole Foods has some logic. Anbang lands in hot water in China. And the lure of 100-year debt.
NEW YORK (Reuters Breakingviews) - Jefferies is plodding in Morgan Stanley’s footsteps. Like its bulge-bracket rival, the investment bank run by Richard Handler seems to have steadied its bond-trading business. Its latest earnings, released on Tuesday, also got a boost from underwriting that should bode well for the rest of Wall Street. Morgan Stanley Chief Executive James Gorman, though, has so far done a better job turning progress into profit.
NEW YORK (Reuters Breakingviews) - Attempts to jump-start the ride-hailing app’s toxic culture stalled after board member and TPG founder David Bonderman’s sexist joke at a company meeting about sexism. The UK grapples with Brexit under a hung parliament. And could a Chinese invasion solve the North Korea problem?