Tag Archives: Apple

Financial Daily Dose 8.3.2020 | Top Story: Microsoft in Talks to Acquire ByteDance’s U.S. TikTok Operations

BY: Michael D. Reif | August 3, 2020

Following recent histrionics from the White House, ByteDance, “the Chinese internet giant that owns TikTok, has offered to sell all of the popular video app’s American operations as a way to save the business from being banned” by the administration. Microsoft is one of several notable suitors for the site, though its precise path forward … Continue reading

Financial Daily Dose 7.29.2020 | Top Story: Tech Titans to Testify About Antitrust Concerns Today

BY: Michael D. Reif | July 29, 2020

Much more on what to expect from Big Tech’s “Big Tobacco Moment” on the Hill today, at which Google, Amazon, Facebook, and Apple’s CEOs will endeavor to make the case that their massive companies don’t “stifle[] rivals and harm[] consumers” – NYTimes and WSJ and Bloomberg and MarketWatch An extra challenge for Apple’s Tim Cook, … Continue reading

Financial Daily Dose 7.15.2020 | Top Story: America’s Biggest Banks Setting Aside Tens of Billions for Anticipated Loan Losses

BY: Michael D. Reif | July 15, 2020

The latest quarterly reporting shows that America’s biggest banks—among them, JPMorgan, Citigroup, and Wells Fargo—are taking self-imposed hits now in anticipation of a “wave of loan losses” later. Those three are collectively stockpiling “$28 billion to cover losses as consumers and businesses start to default on their loans” – WSJ and Bloomberg and NYTimes Automakers … Continue reading

Financial Daily Dose 6.22.2020 | Top Story: In Reversal, U.S. Gov’t Will Reveal Details of PPP Loan Recipients

BY: Michael D. Reif | June 22, 2020

After weeks of “backlash over a lack of transparency,” the Treasury Department has agreed to make public information detailing “borrower information for recipients of millions of small-business loans through the $660 billion Paycheck Protection Program.” The disclosures will apply to companies receiving more than $150k through the PPP and will include “business names, addresses, demographic … Continue reading

Financial Daily Dose 6.16.2020 | Top Story: Supreme Court Issues Landmark Decision Protecting LGBTQ and Transgender Workers

BY: Michael D. Reif | June 16, 2020

On Monday, the Supreme Court delivered a surprising and monumental win for LGBTQ and transgender Americans, ruling 6-3 that the Civil Rights Act of 1964 applies to protect “gay and transgender workers from workplace discrimination.” The “vastly consequential” decision extended workplace protections to the millions of workers in states where, until yesterday morning, “it was … Continue reading

Financial Daily Dose 5.21.2020 | Top Story: Podcaster Joe Rogan Signs Spotify Deal Worth $100M

BY: Michael D. Reif | May 21, 2020

Podcasting megastar (and, for me, “News Radio” jack-of-all-trades) Joe Rogan has signed a multiyear deal to bring his “Joe Rogan Experience” show to Spotify, an agreement that “could be worth more than $100 million based on the podcast’s performance metrics and other factors” – NYTimes and WSJ and Bloomberg and MarketWatch and Mashable The Fed … 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 4.28.2020 | Top Story: PPP Funding Replenished, but Applications Beset by Tech Glitches

BY: Michael D. Reif | April 28, 2020

The PPP is again flush with cash but also full of problems. Yesterday, that took the form of a Small Business Administration’s system for processing loan applications crashing within the first hours that the program reopened – NYTimes and WSJ and Bloomberg Today’s installment of PPP business backlash focuses on startups, some of whom have … Continue reading

Financial Daily Dose 3.3.2020 | Top Story: Promised Central Bank Action Halts Market Slide (for now)

BY: Michael D. Reif | March 3, 2020

Despite news of additional COVID-19-related deaths and infections in America, central bankers appear to have bought at least one day of peace for US markets, which posted strong gains on a late surge on Monday, breaking a week straight of losses – NYTimes and WSJ and Bloomberg and MarketWatch That said, all remains far from … Continue reading

Financial Daily Dose 2.18.2020 | Top Story: Apple Cuts Revenue Expectations and HSBC Axes Jobs as Coronavirus Infects Business Outlook

BY: Michael D. Reif | February 18, 2020

Apple announced that the coronavirus outbreak that’s brought Chinese manufacturing to a near-standstill and continues to spread around the world will affect its quarterly sales expectations.  The news makes Apple “one of the first companies to publicly disclose the extent of the chain effect from China and the virus on the business world” – NYTimes … Continue reading