Tag Archives: Retail

Financial Daily Dose 8.20.2020 | Top Story: Apple Becomes First U.S. Company to Hit $2 Trillion Valuation Mark

BY: Michael D. Reif | August 20, 2020

Apple tipped the $2 trillion mark this week, the first U.S. company to reach that valuation milestone, doing so just 2 years after it first hit $1 trillion. That it’s done so in the middle of a pandemic only punctuates how the coronavirus crisis “has been a bonanza for the tech giants” – NYTimes and … Continue reading

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 8.14.2020 | Top Story: Top Story: Apple Removes Fortnite from App Store; Epic Games Responds with Lawsuit

BY: Michael D. Reif | August 14, 2020

Apple has removed spectacularly popular video game Fortnite from its App Store after accusing maker Epic Games of violating App Store Guidelines. Specifically, Epic has been encouraging users to make app payments directly to Epic rather than going through Apple or Google (where the tech giants take a 30% fee), citing Apple’s alleged “unreasonable restraints” … Continue reading

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 5.4.2020 | Top Story: J.Crew Files for Bankruptcy Protection

BY: Juvian Hernandez | May 4, 2020

J.Crew filed for bankruptcy protection; the company’s lenders have agreed to “convert $1.65 billion . . . into equity.” Neiman Marcus Group Inc. and J.C. Penney are also on the bankruptcy path, already entering talks with lenders – WSJ and NYT All American equity indexes opened lower; the yield on two-year Treasuries was unchanged at 0.19% (the lowest … Continue reading

Facial Recognition Technology – Advanced Technological Solutions to Customer Service

BY: David Martinez | October 18, 2018

Brick-and-mortar retailers are on a constant quest to compete with ever-growing e-commerce outlets. Some strategies for engaging consumers are unconventional, but others seem like downright science fiction. In its latest bid to keep its customers happy, Walmart recently filed a patent application for video technology that would monitor customers’ facial expressions to identify frustrated or … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | May 16, 2016

We’ve been hearing a lot about Verizon’s bid for Yahoo.  But it’s not alone. In fact, it’s bringing some odd folks to the table together.  Case in point: Warren Buffet and Quicken Loans’ Dan Gilbert – NYTimes and Bloomberg In a year in which IPOs have been as mythical as Silicon Valley unicorns, June—traditionally the … Continue reading