Tag Archives: Amazon

Financial Daily Dose 5.27.2020 | Top Story: AT&T Officially Enters Streaming Wars With Its Pricey HBO Max Offering

BY: Michael D. Reif | May 27, 2020

With HBO Max entering the fray today, we’ve got your latest dispatch from the streaming wars, including thoughts on Max’s ability to deliver on its promise to “crush” Netflix despite a very crowded playing field, a spendy monthly price tag (at the wrong time), and a late start – NYTimes and Bloomberg and Cnet Speaking … Continue reading

Financial Daily Dose 5.22.2020 | Top Story: U.S. Sees 2.4 Million More Unemployment Claims and Concerns Over Undercounting

BY: Michael D. Reif | May 22, 2020

This week’s latest initial unemployment filings numbered 2.4 million, a “slight drop-off in the wave of historically high weekly filings” since the pandemic hit the U.S. economy. Don’t get too excited, though. Continuing benefit payouts are in the 25 million range as states struggle to keep up with the surge in claims since early March … Continue reading

Financial Daily Dose 5.1.2020 | Top Story: Latest Reporting Pushes US Jobless Count to 30 Million in Last 6 Weeks

BY: Michael D. Reif | May 1, 2020

Another round of unemployment reporting has pushed the newly jobless figure over 30 million in just the past 6 weeks, as the coronavirus continues to wreak economic havoc  in the U.S.  Even that staggering figure is inaccurate, though, as state-erected barriers to unemployment benefits have made undercounting rampant – NYTimes and WSJ With those numbers … Continue reading

Financial Daily Dose 4.29.2020 | Top Story: White House Declares Meat Processing “Critical Infrastructure” Even as Unions Object Over Safety Concerns

BY: Michael D. Reif | April 29, 2020

Despite [actually, more likely because of] a rash of recent closures at meat processing facilities due to COVID-19 outbreaks, the White House issued an executive order classifying the slaughterhouses as “critical infrastructure” in an effort to “prevent looming shortages of pork, chicken and other products as a result of the coronavirus” – NYTimes and WSJ … Continue reading

Financial Daily Dose 4.23.2020 | Top Story: PE Firm Sycamore Partners Backs Out of Deal for Victoria’s Secret over COVID-19 Response

BY: Michael D. Reif | April 23, 2020

PE firm Sycamore Partners, which “agreed to buy a majority of Victoria’s Secret from its embattled owner, L Brands, in February,” is looking to back out of the deal “because of the retail chain’s response to the coronavirus pandemic,” including its alleged failure to “essentially conduct business as usual and to refrain from changing ‘any … Continue reading

Financial Daily Dose 4.20.2020 | Top Story: Congress nearing agreement to re-fund COVID-19 SBA relief fund

BY: Michael D. Reif | April 20, 2020

House leaders and White House negotiators are closing in on a bipartisan deal “to replenish funds in the small-business loan program that ran out of money” last week. The $500 billion measure would also “provide money for coronavirus testing and overwhelmed hospitals” – Bloomberg and NYTimes and WSJ The Upshot’s out with a timely warning—the … Continue reading

Financial Daily Dose 4.17.2020 | Top Story: Amazon asking customers to buy less

BY: Juvian Hernandez | April 17, 2020

Amazon asking customers to buy less! The pandemic has forced businesses, both winners and losers, to act “in unusual ways” – Bloomberg Stocks rise as discussions for reopening the economy begin; yield on 10-year Treasuries decreased two basis points to 0.60%; oil traded near $18 a barrel – Bloomberg and NYT The US job market continues to suffer with … Continue reading

Financial Daily Dose 3.25.2020 | Top Story: Markets Jump On New Congressional Stimulus Deal Agreement

BY: Michael D. Reif | March 25, 2020

Tuesday was one of those rare Bear Market good days. Renewed optimism about a forthcoming Congressional stimulus deal (including the estimated $2 trillion it encompasses) and more time to digest the Fed’s commitment to warding off economic disaster left traders in a buoyant mood. The Dow jumped a full 11%, and the S&P 500 was … Continue reading

Financial Daily Dose 3.18.2020 | Top Story: Markets Gain on Stimulus Promise as Volatility Rules

BY: Michael D. Reif | March 18, 2020

Volatility’s the name of the game these days on Wall Street. So what was down on Monday was up (a bit, at least) yesterday, although the basics of the situation haven’t improved at all – NYTimes and WSJ and Bloomberg A good chunk of that upswing likely came from moves by the White House and … Continue reading

Financial Daily Dose 3.17.2020 | Top Story: The Bear Market Roars, with Markets Falling nearly 13% as Whole Sectors of US Economy Shut Down

BY: Michael D. Reif | March 17, 2020

As Americans [way-too] slowly come to the realization that COVID-19 is a very real and very present threat, the business world is changing around them at a staggering pace. Stocks nosedived again on Monday, with the three major indices in the U.S. charting a drop of between 12-13% in the worst single day since markets … Continue reading