Tag Archives: Spotify

Financial Daily Dose 8.18.2020 | Top Story: U.S. Further Restricts Huawei Access to American Components

BY: Michael D. Reif | August 18, 2020

Another day, another major U.S. restriction on Chinese tech. The Commerce Department is out with new rules “curbing Huawei Technologies Co.’s access to foreign-made chips.” The measures would “prohibit non-U.S. companies from selling any chips made using U.S. technology to Huawei without a special license” and places “potentially severe new limits on Huawei’s ability to … Continue reading

Financial Daily Dose 7.10.2020 | Top Story: Gilead Reports Strong Remdesivir Results

BY: Juvian Hernandez | July 10, 2020

Gilead Sciences Inc. reports that its remdesivir virus treatment has been positively correlated with a 62% reduction in death risks compared with the standard of care in an initial analysis. The results still need to be confirmed by other clinical trials. Bloomberg Market Snapshot: The S&P 500 Index fell 0.5%; The Bloomberg Dollar Spot Index fell … Continue reading

Financial Daily Dose 5.21.2020 | Top Story: Podcaster Joe Rogan Signs Spotify Deal Worth $100M

BY: Michael D. Reif | May 21, 2020

Podcasting megastar (and, for me, “News Radio” jack-of-all-trades) Joe Rogan has signed a multiyear deal to bring his “Joe Rogan Experience” show to Spotify, an agreement that “could be worth more than $100 million based on the podcast’s performance metrics and other factors” – NYTimes and WSJ and Bloomberg and MarketWatch and Mashable The Fed … 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

Financial Daily Dose 4.3.2020 | Top Story: The U.S. Jobs Report Will Be Ugly . . . .

BY: Juvian Hernandez | April 3, 2020

The U.S. Jobs Report Will Be Ugly: The March jobs report will likely show the worst numbers in the “post-World War II era,” and “it is playing out in a matter of weeks,” not years. One study suggests the U.S. has lost 27.9 million jobs and will have a 16% unemployment rate – WSJ and Bloomberg The Skinny: … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 30, 2019

Shared workspace giant We Work is joining the growing wave of major start-ups planning to go public this year. And like many of its unicorn peers (as we’ve documented), the company “shows no sign of turning a profit anytime soon” – NYTimes and WSJ and Bloomberg and MarketWatch and Law360 The Labor Department on Monday … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 4, 2018

Spotify’s unconventional (non-IPO) public listing is off and running, and though it’s early, it sure feels as if the risk was a good one, with the market valuing the company north of $30 billion – WSJ and Bloomberg and MarketWatch and Wired And the good day for that startup appears to have rubbed off on … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 16, 2018

More trouble for the embattled British PM Theresa May. We learned yesterday that Britain’s second-largest construction firm—Carillion—was forced into liquidation after amassing a staggering $1.35 billion in debt. The downfall of the “parastatal” Carillion, which employs more than 19,000, threatens not only the solvency of “hundreds of contractors and smaller businesses,” but puts the company’s … Continue reading