Tag Archives: DOD

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 3.13.2020 | 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 12.06.2019 | Top Story: Aramco Prices Shares at High-end of Range That Would Value Company at $1.7 trillion

BY: Michael D. Reif | December 6, 2019

Saudi Aramco has priced its offering at the high end of its range, setting the company up to raise more than $25 billion and value the company at nearly $1.7 trillion—all part of what promises to make this the world’s biggest IPO ever  – NYTimes and WSJ and Bloomberg and Law360 Jobs Report Friday! Here’s … Continue reading

Financial Daily Dose 11.15.2019 | Top Story: New Jersey Targets Uber Over “Independent Contractor” Worker Classification

BY: Michael D. Reif | November 15, 2019

Sending a shot across the bow of the gig economy, New Jersey is seeking nearly $650 million from Uber for “years of unpaid employment taxes for its drivers, arguing that the ride-hailing company has misclassified the workers as independent contractors and not as employees.” Uber says it’s challenging the state’s findings, but Jersey’s not alone … Continue reading