Tag Archives: Tesla

Financial Daily Dose 5.14.2020 | Top Story: Fed Chair Warns About US Economy, Urges Congressional Action

BY: Michael D. Reif | May 14, 2020

The latest from Chair Powell and the Fed from his Peterson Institute appearance yesterday, including the stark warning that the U.S. was “experiencing an economic hit ‘without modern precedent’” that could “permanently damage the economy if Congress and the White House did not provide sufficient financial support to prevent a wave of bankruptcies and prolonged … Continue reading

Financial Daily Dose 5.12.2020 | Top Story: Fed Launches ETF Buying in Effort to Aid Credit Markets

BY: Michael D. Reif | May 12, 2020

For the first time, the Federal Reserve system will begin buying corporate bonds—all part of the central bank’s efforts to “support the economy and financial system in the coronavirus crisis.” The NY Fed will kick things off with hundreds of billions in ETFs, which it views as “a fast way to direct money rapidly into … Continue reading

Financial Daily Dose 5.11.2020 | Top Story: Tesla Sues to Reopen its California Factory

BY: Juvian Hernandez | May 11, 2020

Tesla sues to reopen its California factory; Elon threatens to move the company out of state. The company asked a federal judge to reopen the factory, arguing that the “local government’s insistence that it remain closed . . . defies the U.S. Constitution.” – WSJ Stocks decline by 0.5%; the Dow  Jones Industrial Average sank 0.9%; … Continue reading

Financial Daily Dose 5.4.2020 | Top Story: J.Crew Files for Bankruptcy Protection

BY: Juvian Hernandez | May 4, 2020

J.Crew filed for bankruptcy protection; the company’s lenders have agreed to “convert $1.65 billion . . . into equity.” Neiman Marcus Group Inc. and J.C. Penney are also on the bankruptcy path, already entering talks with lenders – WSJ and NYT All American equity indexes opened lower; the yield on two-year Treasuries was unchanged at 0.19% (the lowest … 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 4.3.2020 | 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

Financial Daily Dose 2.14.2020 | Top Story: Amazon Wins Injunction of JEDI Cloud-Computing Contract

BY: Michael D. Reif | February 14, 2020

In a massive win for Amazon (because, again, Jeff NEEDS it), Court of Federal Claims Judge Patricia Campbell-Smith has granted the company’s motion for an injunction halting Microsoft’s work on the $10 billion cloud-computing JEDI contract for the Pentagon that it beat out Amazon for during the pendency of AWS’s challenge to the awarding of … Continue reading

Financial Daily Dose 2.4.2020 | Top Story: Tesla Stock Hits New Highs on Reports From Battery Partners

BY: Michael D. Reif | February 4, 2020

It’s all coming up Elon these days for Tesla and its stock. “Positive developments” from the electric carmaker’s battery suppliers helped goose shares even higher, ending the day at $780/share—a nearly 20% gain since Friday – NYTimes and WSJ and Bloomberg and MarketWatch This week’s latest coronavirus epidemic-related economic fallout takes the form of OPEC … Continue reading

Financial Daily Dose 1.30.2020 | Top Story: Facebook Pays $550 Million to Resolve Privacy Class Action Over Use of Facial Recognition Tech

BY: Michael D. Reif | January 30, 2020

Facebook has agreed to pay $550 million to resolve a class-action lawsuit claiming that Zuck & Co.’s use of facial recognition technology violated Illinois’ biometric privacy law. Though the settlement is little more than “a rounding error for Facebook, which reported that revenue rose 25 percent to $21 billion in the fourth quarter,” it’s still … Continue reading

Financial Daily Dose 1.23.2020 | Top Story: Tesla Becomes World’s Second Most Valuable Auto Maker

BY: Juvian Hernandez | January 23, 2020

Malware goes commercial. Last year, Jeff Bezos’ phone was hacked after he received a message on WhatsApp containing a line of malware code. The incident has shed light on the malware, aka spyware, industry. Companies sell spyware to a wide range of consumers, simpler versions costing just $10. – NYT and WSJ Whistleblowers in medicine. A New York … Continue reading