Tag Archives: Boeing

Financial Daily Dose 3.13.2020 | Top Story: COVID-19 Fears Push Wall Street to Worst Losses Since Black Monday

BY: Michael D. Reif | March 13, 2020

It’s been a week or so, and we’re running out of ways to say that this is bad. But it certainly is. Your bear market stats for the day: the biggest daily drop by percentage for both the S&P 500 and the Dow Jones Industrial Average since Black Monday in 1987. The Dow lost 10%, … Continue reading

Financial Daily Dose 3.11.2020 | Top Story: US Markets Officially Hit Bear Territory as COVID-19 Fallout Continues

BY: Michael D. Reif | March 12, 2020

Go ahead and put Tuesday, March 11th in the history books. The same day the WHO declared the COVID-19 outbreak as an official pandemic, the US stock market’s 11-year bull run officially came to an end, with the Dow closing 20% below its high from just a month ago. The S&P 500 was right on … Continue reading

Financial Daily Dose 3.9.2020 | Top Story: Big Tech Companies Begin To Support Regulations to Limit Mass Surveillance

BY: Juvian Hernandez | March 9, 2020

Panic seems to driving the market: oil prices plummeted, equities took a hit, and the S&P 500 lost about 5%. Be on the lookout for, inter alia, the European Central Bank’s policy decision on Thursday and the release of the U.S. core consumer price index on Wednesday. – Bloomberg and NYT Big Tech companies using facial recognition software … Continue reading

Financial Daily Dose 3.6.2020 | Top Story: Volatility Reigns as Stocks Dive Over Continued COVID-19 Fears

BY: Michael D. Reif | March 6, 2020

Volatility’s the name of the game again, folks, and we have COVID-19 to thank. Just a day after markets jumped in response to central bank and Super Tuesday news, the dove again some 3% as virus-related fears took hold again – NYTimes and WSJ and Bloomberg and MarketWatch Soooooo . . . . who’s excited … Continue reading

Financial Daily Dose 2.24.2020 | Top Story: Wells Fargo to Pay $3 Billion to Resolve DOJ and SEC Investigations

BY: Juvian Hernandez | February 24, 2020

Wells Fargo & Co. agreed to pay a total of $3 billion to resolve criminal and civil investigations by the DOJ and SEC. Wells Fargo admitted “that it took millions in wrongful fees and interest, misused customer information and damaged customer credit ratings” in pursuit of sales growth. – Law360 U.S. equity futures slip as coronavirus … Continue reading

Financial Daily Dose 2.19.2020 | Top Story: Arguments Begin Regarding Facebook’s 2010 Tax Bill

BY: Juvian Hernandez | February 19, 2020

On Tuesday, a U.S. federal tax court began hearing arguments regarding Facebook’s 2010 tax bill. The IRS valued Facebook at $13.8 billion, while Facebook reported only $6.5 billion. The final tally could potentially cost Zuck’s baby between $5-9 billion, depending on the ruling’s impact on future tax calculations and penalties. – Law 360 The U.S. District … Continue reading

Financial Daily Dose 2.13.2020 | Top Story: Britain Investigates Ties Between Jeffrey Epstein and Barclays CEO Staley

BY: Michael D. Reif | February 13, 2020

UK regulators are probing ties between disgraced financier Jeffrey Epstein and Barclays CEO Jes Staley. The bank’s board is so far standing 100% with Staley, who has expressed “regret” over his relationship with Epstein – Bloomberg and NYTimes and WSJ Meanwhile, in an effort to push Facebook and other social media giants toward self-policing, a … Continue reading

Financial Daily Dose 2.10.2020 | Top Story: Volvo May go Public Via Merger With Owner’s Geely Automobile Holdings

BY: Michael D. Reif | February 10, 2020

Volvo’s owner, Li Shufu, is mulling over a move to combine the carmaker with his publicly traded Geely Automobile Holdings—a play that would take Volvo public and “unify the bulk of billionaire Li’s growing stable of automotive brands.” It would also “mark a creative way to list Volvo Cars, which delayed plans for an IPO … Continue reading

Financial Daily Dose 2.7.2020 | Top Story: Credit Suisse CEO Tiam Out in Wake of Corporate Spying Scandal

BY: Michael D. Reif | February 7, 2020

Credit Suisse’s CEO Tidjane Thiam is out, to be succeeded next week by longtime company vet Thomas Gottstein. Thaim appeared to have ridden out the corporate spying scandal involving a former employee last year, and he had delivered relatively solid results as the Swiss bank moved away from investment banking and more into wealth management. … Continue reading

Financial Daily Dose 2.5.2020 | Top Story: Amazon Joins Trillion-Dollar Market Cap Club

BY: Michael D. Reif | February 5, 2020

Amazon closed out the trading day yesterday as an official member of the $1 trillion club for the first time. Because Jeff really needed a win, folks. The company joins Microsoft, Alphabet, and Apple in that rarified “four-comma club” – Bloomberg and MarketWatch NYSE owner Intercontinental Exchange has submitted a takeover offer for eBay Inc. … Continue reading