Tag Archives: Bitcoin

Financial Daily Dose 7.31.2020 | Top Story: Amazon a Juggernaut?

BY: Juvian Hernandez | July 31, 2020

Amazon a juggernaut? Quarterly sales and profit prove how indispensable tech giants have become to our society. In the midst of a pandemic, Big Tech mostly shows gains. – WSJ Market Snapshot: S&P 500 Index increased 0.3% as of 8:23 a.m. London time; Bloomberg Dollar Spot Index declined 0.3%; 10-year Treasuries fell one basis point to … Continue reading

Financial Daily Dose 5.11.2020 | Top Story: Tesla Sues to Reopen its California Factory

BY: Juvian Hernandez | May 11, 2020

Tesla sues to reopen its California factory; Elon threatens to move the company out of state. The company asked a federal judge to reopen the factory, arguing that the “local government’s insistence that it remain closed . . . defies the U.S. Constitution.” – WSJ Stocks decline by 0.5%; the Dow  Jones Industrial Average sank 0.9%; … Continue reading

Financial Daily Dose 3.16.2020 | Top Story: U.S. Stocks Continue to Tumble Amid COVID-19

BY: Juvian Hernandez | March 16, 2020

U.S. stocks continue to tumble, sinking by “8.1% at the open, triggering a 15-minute trading halt;” “Brent crude sank below $30 a barrel;” treasuries surged despite major moves from the Federal Reserve; and market sentiment is as fearful as it was in 2009. – Bloomberg and NYT The Fed will buy at least $700 billion in bonds … Continue reading

Financial Daily Dose 12.16.2019 | Top Story: Boeing Execs Mull Halting 737 Max Production as FAA Clearance Stalls

BY: Juvian Hernandez | December 16, 2019

Boeing’s 737 MAX faces an uncertain future. Boeing is considering at least a temporary halt to its 737 Max production “as regulatory clearance for the grounded jet’s return looks increasingly likely to slip beyond January 2020.” Boeing has already cut production by some 20% on the plane since the second of two fatal crashes, and … Continue reading

Financial Daily Dose 11.05.2019 | Top Story: Uber Posts Billion-dollar Q3 Losses But Improved Revenue

BY: Michael D. Reif | November 5, 2019

Uber reported another quarter of billion+ dollar losses, but as so many things on Wall Street & Silicon Valley tend to go, the news wasn’t all bad because those numbers were far better than the $5.2 billion it lost in Q2. Throw in a 30% revenue increase, and it was something of a solid day … Continue reading

Financial Daily Dose 10.8.2019 | Top Story: US blacklists 28 Chinese Tech Firms Even While Trade Talks Resume

BY: Michael D. Reif | October 8, 2019

The US has blacklisted 28 Chinese companies—mostly in the tech sector—over China’s “campaign targeting Uighurs and other predominantly Muslim minorities in the autonomous region of Xingjiang,” a move that’s drawn both criticism in China and also comes as the U.S. has actively sought to protect US tech giants in its various bilateral trade agreements – … Continue reading

Financial Daily Dose 6.28.2019 | Top Story: Ford Announces Job Cuts in Europe

BY: Michael D. Reif | June 28, 2019

Ford announced major cuts to its European workforce yesterday, announcing that it would reduce its overall headcount there by 1/5 (or about 12,000 workers), roughly half of whom are salaried employees. Ford first revealed the cuts in broad strokes earlier this year – NYTimes and WSJ Nissan has unveiled a recall of nearly half a … Continue reading

Financial Daily Dose 6.27.2019 | Top Story: DOJ Criminal Inquiry Into Chicken Industry Price Fixing

BY: Michael D. Reif | June 27, 2019

The DOJ has jumped on board claims made in existing civil class-action lawsuits and is considering criminal price-fixing charges against “some of the biggest American poultry companies, including Tyson Foods and Pilgrim’s Pride” based on allegation that Big Chicken “conspired to manipulate chicken prices” – NYTimes and Law360 Despite reportedly holding off on promised tariffs … Continue reading

Financial Daily Dose 6.24.2019 | Top Story: All Top US Banks Pass Fed’s Recent Stress Tests With Ease

BY: Michael D. Reif | June 24, 2019

Survived the road trip with flying colors, and now we’re back at it.  Let’s get caught up. Good news for the country’s biggest banks, as the Fed confirmed on Friday that all “could weather an extreme market shock—including double-digit unemployment and a 50% U.S. stocks decline—and still have enough capital to continue operating.” In other … Continue reading

Financial Daily Dose 5.28.2019 | Top Story: Fiat Chrysler and Renault in Talks to Merge

BY: Michael D. Reif | May 28, 2019

Fiat Chrysler and struggling post-Ghosn French automaker Renault are in talks to complete a merger of equals that could “reshape the global automobile industry.” If a deal is reached the combined company would be the third largest car company by sales in the world – NYTimes and WSJ and Bloomberg Fresh off an $85 million … Continue reading