Tag Archives: banking

Financial Daily Dose 7.17.2020 | Top Story: Consumer Spending Up in June

BY: Juvian Hernandez | July 17, 2020

Consumer spending at stores and auto dealerships increased in June, the second straight month, but the recent uptick in coronavirus cases could slow future growth. – WSJ and NYTimes Big banks state that economic uncertainty will likely continue until a vaccine is developed for coronavirus. – Bloomberg Market Snapshot: S&P 500 Index increased 0.2% to 3,333.30 as of … Continue reading

Financial Daily Dose 6.3.2020 | Top Story: New Class Action Seeks Billions From Google Over Alleged Privacy Violations

BY: Michael D. Reif | June 3, 2020

A proposed class action filed in federal court in California on Tuesday accuses Google of “surreptitiously amass[ing] billions of bits of information—every day—about internet users even if they opt out of sharing their information.” The complaint seeks upwards of $5 billion in damages – Bloomberg and MarketWatch and Law360 Highlights (term used generously) from Zuck’s … Continue reading