Tag Archives: Alphabet

Financial Daily Dose 8.24.2020 | Top Story: TikTok Confirms Plans to Sue U.S. over Recent Executive Orders Targeting App

BY: Michael D. Reif | August 24, 2020

More on TikTok’s plans to sue the U.S. over the White House’s recent executive orders seeking to block the app on American soil and force its owner, ByteDance, to sell its American assets. The company intends to argue that the EOs “deprived it of its due process and [claimed] it had been unfairly and incorrectly … Continue reading

Financial Daily Dose 5.8.2020 | Top Story: U.S. and China to Resume Trade Talks

BY: Michael D. Reif | May 8, 2020

Deep breaths, people. It’s Jobs Report Friday – NYTimes and WSJ and Bloomberg and MarketWatch and Marketplace Still, as weekly unemployment claims show a slowing pace, stocks found enough good news to rally on Thursday, with the Nasdaq up enough to erase all of its 2020 losses. The Dow and S&P500 are still down roughly … Continue reading

Financial Daily Dose 4.29.2020 | Top Story: White House Declares Meat Processing “Critical Infrastructure” Even as Unions Object Over Safety Concerns

BY: Michael D. Reif | April 29, 2020

Despite [actually, more likely because of] a rash of recent closures at meat processing facilities due to COVID-19 outbreaks, the White House issued an executive order classifying the slaughterhouses as “critical infrastructure” in an effort to “prevent looming shortages of pork, chicken and other products as a result of the coronavirus” – NYTimes and WSJ … Continue reading

Financial Daily Dose 2.12.2020 | Top Story: Big Tech Antitrust Update

BY: Juvian Hernandez | February 12, 2020

Big-Tech/Antitrust Update: the FTC has demanded information from Amazon.com Inc., Apple Inc., Facebook Inc., Microsoft Corp., and Alphabet Inc. regarding acquisitions of small firms over the past 10 years that may have been too small to trigger antitrust review. This analysis of Big Tech’s “kill zones” may lead to future changes in how the FTC … Continue reading

Financial Daily Dose 2.5.2020 | Top Story: Amazon Joins Trillion-Dollar Market Cap Club

BY: Michael D. Reif | February 5, 2020

Amazon closed out the trading day yesterday as an official member of the $1 trillion club for the first time. Because Jeff really needed a win, folks. The company joins Microsoft, Alphabet, and Apple in that rarified “four-comma club” – Bloomberg and MarketWatch NYSE owner Intercontinental Exchange has submitted a takeover offer for eBay Inc. … Continue reading

Financial Daily Dose 1.13.2020 | Top Story: Labor Dept. Issues Stricter Joint Employer Test in New Rules

BY: Michael D. Reif | January 13, 2020

Sunday’s release of a long-awaited Labor Department final rule on joint employment spells trouble for workers hoping to “sue large companies for wrongdoing by contractors or franchisees.” The rule reverses Obama-era policies by redefining (and increasing) the amount of control a company must have over workers to be considered a joint employer – NYTimes and … Continue reading

Financial Daily Dose 12.05.2019 | Top Story: CBS and Viacom Finalize Deal to Reunite Media Empire

BY: Michael D. Reif | December 5, 2019

CBS and Viacom are back together again. The deal to reunite the former partners, which closed late yesterday, was pushed by National Amusements’ chief Shari Redstone since 2016 and hasted along recently by the precipitous fall from grace of CBS’ Les Moonves last year – NYTimes and Bloomberg The OCC has “rebuked” Wells Fargo’s HR … Continue reading

Financial Daily Dose 12.04.2019 | Top Story: Google Co-founders Step Down From Executive Roles at Parent Alphabet

BY: Michael D. Reif | December 4, 2019

Google announced late Tuesday that co-founders Larry Page and Sergey Brin are “stepping down from executive roles at Google’s parent company, Alphabet.” Google CEO Sundar Pichai will now helm both operations, while Page and Brin will stay on Alphabet’s board. The duo also remains firmly in control of a majority of the company’s voting shares … Continue reading

Financial Daily Dose 9.5.2019 | Top Story: YouTube Fined $170 Million for Violating Kids’ Privacy Law

BY: Michael D. Reif | September 5, 2019

Google will pay a “record $170 million fine and make changes to protect children’s privacy on YouTube” as part of a deal it reached this week with the FTC and NY AG’s office, both of whom had accused YouTube of “violating the federal Children’s Online Privacy Protection Act, or COPPA.” Though the fine is the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 27, 2017

The term “import-based tax” made the rounds on Thursday.  Here’s what it means and why it could matter for the American economy – NYTimes Some solid non-search-engine growth helped Alphabet post pretty solid Q4 numbers (with profit missing estimates but revenue surging past them) – WSJ and NYTimes More on the J&J/Actelion deal announced yesterday … Continue reading