Tag Archives: Microsoft Corp.

Financial Daily Dose 6.26.2020 | Top Story: Federal Reserve Limits Bank Payouts and Suspends Share Buybacks

BY: Juvian Hernandez | June 26, 2020

The Federal Reserve has “temporarily restricted shareholder payouts by the biggest banks,” preventing stock buybacks and barring increases in dividend payments in the third quarter. NYTimes and Bloomberg Market Snapshot: S&P 500 fell 1.7% to 3,030.13; Dow Jones Industrial Average decreased 2.1% to 25,199.81; Nasdaq Composite Index declines 1.6% to 9,851.85; Bloomberg Dollar Spot Index climbed 0.4% to … Continue reading

Financial Daily Dose 5.18.2020 | Top Story: Uber Eliminates 3,700 Jobs

BY: Juvian Hernandez | May 18, 2020

Uber Technologies Inc. will eliminate 3,700 jobs. This equates to the company shedding a quarter of its workforce. Rumors are also circulating that Uber “is in talks to buy rival Grubhub Inc.” – WSJ U.S. stocks rallied rising 2.5-3.5% across major indexes; 10-year Treasury bond yields ticked up to 0.696%; the S&P 500’s energy, real … Continue reading