Tag Archives: SoftBank

Financial Daily Dose 9.8.2020 | Top Story: Markets Slide Amidst So-So Jobs Report and Tech Reset

BY: Michael D. Reif | September 8, 2020

Last Friday’s US Jobs Report saw unemployment fall to 8.4%, but the end of federal aid programs and a solid-but-not-gangbusters 1.4 million jobs gained in August leads many to fear a much worse employment picture ahead – NYTimes and WSJ and Bloomberg and Marketplace It certainly didn’t do enough to reverse already falling stocks, which … Continue reading

Financial Daily Dose 9.3.2020 | Top Story: CBO Projects U.S. Nat’l Debt Will Nearly Eclipse GDP for First Time Since WWII

BY: Michael D. Reif | September 3, 2020

New figures from the Congressional Budget Office predict that U.S. government debt will, thanks to the pandemic recession, just about eclipse the size of the nation’s GDP—a level not reached since just after World War II – CBO and WSJ and MarketWatch and NYTimes Still, fiscal hawks be damned, the Dow again topped 29,000 and … Continue reading

Financial Daily Dose 8.19.2020 | Top Story: S&P 500 Erases Pandemic Losses Despite U.S. Failure to Control Virus

BY: Michael D. Reif | August 19, 2020

Unlike much of the world, the U.S. has not turned the corner on the coronavirus outbreak. But you wouldn’t know it by looking at the markets. On Tuesday, the S&P 500 topped out at its highest level ever, “capping a remarkable rebound fueled by unprecedented government stimulus and optimism among investors about the world’s ability … 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 8.11.2020 | Top Story: McDonalds Sues Former CEO Over Series of Workplace Affairs

BY: Michael D. Reif | August 11, 2020

Eight months after firing its CEO, Steve Easterbrook, for “sexting with a subordinate,” McDonald’s has sued Easterbrook for allegedly “lying, concealing evidence and fraud” in what appears to be a series of other workplace affairs. The company’s seeking to “recoup stock options and other compensation” that it allowed Easterbrook to keep when it showed him … Continue reading

Financial Daily Dose 7.14.2020 | Top Story: US Deficit Hits New Monthly High in June on Covid Relief Spending

BY: Michael D. Reif | July 14, 2020

The Treasury Department announced on Monday that the U.S. budget deficit hit a new record in June–$864 billion—“as the federal government continued pumping money into the economy to prop up workers and businesses affected by the coronavirus pandemic” – NYTimes and MarketWatch That outlay won’t be shrinking any time soon, either, especially now that a … Continue reading

Financial Daily Dose 6.25.2020 | Top Story: Bayer Inks $10 Billion+ Deal to Settle Roundup Cancer Claims

BY: Michael D. Reif | June 25, 2020

Bayer, the German parent company of Monsanto, will pay more than $10 billion to resolve “tens of thousands of claims in the United States that its popular weedkiller Roundup causes cancer.” The settlement covers an estimated 95,000 cases and includes some $1.25 billion “to deal with future claims from people who used Roundup and may … Continue reading

Financial Daily Dose 6.23.2020 | Top Story: White House Suspends Work Visas for Hundreds of Thousands

BY: Michael D. Reif | June 23, 2020

On Monday, the White House announced its plan to extend a “freeze on ‘green cards’ for new immigrants” and to “suspend H-1B, L-1, J and other temporary work visas for skilled workers, managers and au pairs through the end of the year,” ostensibly to “protect 525,000 jobs as part of [its] response to job losses … Continue reading

Financial Daily Dose 5.29.2020 | Top Story: Google Cut Costs . . . .

BY: Juvian Hernandez | May 29, 2020

Google cut costs by rescinding offers to more than 2,000 contract workers due to the strains of the pandemic – NYTimes The S&P 500 Index fell 0.6%;  the Dow Jones Industrial Average decreased 1%; the Nasdaq Composite Index decreased 0.1%; the yield on two-year Treasuries decreased one basis point to 0.16%; the yield on 10-year Treasuries … Continue reading

Financial Daily Dose 5.19.2020 | Top Story: US Markets Surge on Hopes for Covid-19 Vaccine

BY: Michael D. Reif | May 19, 2020

Optimism over promising results for a coronavirus vaccine from Moderna helped drive stocks up on Monday after a rough go of it last week – WSJ and NYTimes and Bloomberg and MarketWatch Inside sources suggest that the DOJ is preparing to file “antitrust charges against Google as early as this summer . . . in … Continue reading