Tag Archives: Nasa

Financial Daily Dose 8.17.2020 | Top Story: White House Sets 90-day Deadline for TikTok Owner to Divest in U.S.

BY: Michael D. Reif | August 17, 2020

The White House has “doubled down” on its recent actions against TikTok by “formally giving ByteDance, the Chinese owner of the popular video-sharing app, 90 days to divest from its American assets and any data that TikTok had gathered in the United States” – NYTimes and WSJ and Bloomberg and MarketWatch and Law360 and Mashable … Continue reading

Financial Daily Dose 6.8.2020 | Top Story: Bureau of Labor Statistics Admits Massive Undercount of May Jobless Figures

BY: Michael D. Reif | June 8, 2020

So about those May jobs numbers . . . . The return of 2.5 million jobs in May was a welcome and largely unexpected surprise. But the Bureau of Labor Statistics admitted later on Friday that the unemployment rate—reported as falling from 14.7% in April to 13.3% in May—“would have been three percentage points higher … Continue reading

Financial Daily Dose 6.1.2020 | Top Story: Civic Unrest in Wake of Floyd Slaying Complicates Pandemic Reopening Plans

BY: Michael D. Reif | June 1, 2020

Civic unrest in the wake of the police killing of George Floyd in Minneapolis is complicating reopening plans for cities and businesses around the country trying to restart after months of coronavirus-related closures – WSJ and Bloomberg Inconceivable? Perhaps. Incredible? Not any more for Nestle, which has lost a branding battle in The Hague with … Continue reading

Financial Daily Dose 5.28.2020 | Top Story: Canadian Court Clears U.S. Extradition Path for Huawei Exec

BY: Michael D. Reif | May 28, 2020

The path for extradition of Huawei exec Meng Wanzhou is much clearer now that a Canadian court has ruled that “the conduct she is accused of in the United States, if proved, also constitutes a crime in Canada.” That finding—the legal concept known as “double criminality”—was essential for Canada to transfer Ms. Meng to the … 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

Your Daily Dose of Financial News

BY: Michael D. Reif | February 26, 2018

It’s a bit more overtly political than business-oriented, but given China’s economic might, we felt it worth noting that China’s Communist Party has cleared the way for President Xi Jinping to “stay in power indefinitely” by revealing plans to abolish presidential term limits – NYTimes and Bloomberg and WSJ The Sunday Magazine had a long-read … Continue reading