Tag Archives: GE

Financial Daily Dose 9.1.2020 | Top Story: Walmart to Roll Out Shipping Membership to Challenge Amazon’s Prime Dominance

BY: Michael D. Reif | September 1, 2020

Walmart is again preparing to roll out its answer to Amazon Prime: Walmart+, a sub-$100/year membership service that features gas discounts and some free shipping (at qualifying thresholds) – NYTimes and WSJ and Bloomberg Even with the Dow and S&P 500 slipping a bit on Monday, the three major U.S. indices wrapped August with 7+% … Continue reading

Financial Daily Dose 8.21.2020 | Top Story: Court Stays CA Gig-Worker Law; Uber and Lyft to Keep Operating in State During Appeal

BY: Michael D. Reif | August 21, 2020

A state appeals court in California has preempted Uber and Lyft’s threatened state-wide shutdown over a new state law ordering them to reclassify their drivers as employees by “allowing them to continue operating [under their current model] while the court weighs their appeal” – NYTimes and WSJ and Bloomberg and MarketWatch and Marketplace Initial U.S. … Continue reading

Financial Daily Dose 7.30.2020 | Top Story: Fed Recommits to Covid Relief Efforts as US GDP Craters

BY: Michael D. Reif | July 30, 2020

As expected, the Fed left rates unchanged at near zero as the Open Market Committee broke on Wednesday but managed to buoy stocks by pledging to “keep supporting the United States economy as the pandemic continues to depress economic growth and sideline millions of workers” – NYTimes and WSJ and Bloomberg and MarketWatch and Marketplace … Continue reading

Financial Daily Dose 3.26.2020 | Top Story: Senate passes $2 Trillion COVID-19 relief bill

BY: Michael D. Reif | March 26, 2020

The Senate unanimously passed a hotly anticipated third COVID-19-related stimulus bill last night, and the House is set to take up the measure today and vote tomorrow on the bill that would deliver $2 trillion in loans, tax breaks, and direct payments to companies and individuals alike – Bloomberg and NYTimes and WSJ A “last-minute … Continue reading

Financial Daily Dose 3.4.2020 | Top Story: Stocks Rebound

BY: Juvian Hernandez | March 4, 2020

Stocks rebounded with the S&P 500 making gains for the second time in three days and 10-year Treasury yields fell below 1%; analyst suggest the market upswing was caused, in part, by the Democratic primary results showing more support for the establishment candidate, please discuss. – Bloomberg and WSJ The Bloomberg Galaxy Crypto Index lost 18% over the … Continue reading

Financial Daily Dose 2.19.2020 | Top Story: Arguments Begin Regarding Facebook’s 2010 Tax Bill

BY: Juvian Hernandez | February 19, 2020

On Tuesday, a U.S. federal tax court began hearing arguments regarding Facebook’s 2010 tax bill. The IRS valued Facebook at $13.8 billion, while Facebook reported only $6.5 billion. The final tally could potentially cost Zuck’s baby between $5-9 billion, depending on the ruling’s impact on future tax calculations and penalties. – Law 360 The U.S. District … Continue reading

Financial Daily Dose 12.18.2019 | Top Story: Fiat Chrysler and Peugeot Boards Agree to $50 Billion Merger

BY: Michael D. Reif | December 18, 2019

Fiat Chrysler and rival Peugeot have agreed to binding merger terms that, if approved by US and European regulators, would create a “$50 billion auto giant that would rank among the world’s largest car companies by sales” – WSJ and MarketWatch Freshly emboldened by a sizeable win in last week’s general election, UK PM Boris … Continue reading

Financial Daily Dose 12.02.2019 | Top Story: US Restores Metal Tariffs on Argentina and Brazil

BY: Juvian Hernandez | December 2, 2019

The White House will again slap tariffs on steel and aluminum imports from Argentina and Brazil in an apparent reaction to “massive devaluation” of  currencies in both South American nations – WSJ and NYTimes and Bloomberg Chinese tech giant, Huawei Technologies Co., can resume trading with some U.S. chip suppliers. Huawei, long seen as a … 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 10.7.2019 | Top Story: Talks Between GM and UAW Falter as Strike Hits Fourth Week

BY: Michael D. Reif | October 7, 2019

Talks between General Motors and the striking UAW broke down yesterday, threatening the progress the two sides “appeared to make in recent days,” a troubling sign as the strike heads into its 4th week – NYTimes and WSJ and Bloomberg Things at Nissan are getting worse—much worse—before getting better in the wake of the Carlos … Continue reading