News & Analysis as of

Amazon Marketplace Initial Public Offering (IPO)

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Financial Daily Dose 6.11.2021 | Top Story: CPI Jumps 5% in May; Officials Urge Long View

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Thursday’s highly anticipated Consumer Price Index update showed that prices “rose in May at the fastest rate since 2008, a bigger jump than economists had expected.” The 5% increase comes as prices “are rising for many goods...more

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Financial Daily Dose 6.9.2021 | Top Story: E-Truck Startup Lordstown Faces Potential Closure on Funds Shortage

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Electric truck-maker Lordstown (that “aimed to revive a shuttered General Motors factory in Ohio”) revealed this week in a regulatory filing that it does “not have enough cash to start commercial production of its electric...more

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Financial Daily Dose 6.2.2021 | Top Story: Ransomware Attack Hobbles World’s Top Meat Processor JBS

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JBS, the world’s largest meat processor, shuttered operations at locations throughout the U.S. and Canada on Tuesday after a ransomware attack that also impacted its Australian operations. The White House has confirmed that...more

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Financial Daily Dose 4.20.2021 | Top Story: Deadly Weekend Tesla Crash Prompts Federal Probe of Self-Driving Tech

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A fiery, deadly Tesla crash outside of Houston over the weekend is prompting a federal probe of the company’s self-driving autonomous mode for “potential gaps in self-driving car technology.” ...more

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Financial Daily Dose 4.19.2021 | Top Story: Bitcoin Plummets In Correction Following Coinbase’s Public Debut

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Because volatility’s the name of the game whenever we’re talking cryptos, it’s hard to be too shocked by the news that last week’s banner Coinbase public market debut gave way to a digital currency walkback this weekend that...more

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Financial Daily Dose 4.9.2021 | Top Story: CV Amazon Leading in Early Alabama Warehouse Union-Vote Tally

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Most eyes in the labor world are on Birmingham, Alabama, where the NLRB is hand-counting the 3215 ballots cast by workers in Amazon’s Bessemer, AL warehouse on whether to unionize. Though results could be released later...more

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Financial Daily Dose 4.7.2021 | Top Story: IMF Boosts Economic Growth Projections But Warns of Uneven Post-Pandemic Recovery

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Though raising projections for overall economic growth over the next 2 years, the IMF warned this week that “an uneven rollout of vaccines” threatens to add to concerns about a “K-shaped” economic recovery on a global scale. ...more

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Financial Daily Dose 3.24.2021 | Top Story: Intel to Invest $20 Billion in New U.S.-Based Chip Factories

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Intel has unveiled plans to spend $20 billion to build two new chip manufacturing factories near existing facilities in Arizona—a “surprise bet that could please government officials worried about component shortages and...more

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Financial Daily Dose 2.17.2021 | Top Story: NY AG Sues Amazon Over “Deficient” Covid-19 Response

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NY AG Letitia James is suing Amazon, accusing the online retail giant “of not doing enough to protect workers in the state from the coronavirus” and calling its response to the pandemic “deficient.” ...more

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Financial Daily Dose 1.25.2021 | Top Story: Merck Abandons Covid Vaccine Effort Over Ineffective Results

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U.S. drug giant Merck is shuttering its coronavirus vaccine development “after early trial data showed [its pair of vaccines] failed to generate immune responses comparable to natural infection or existing vaccines.” ...more

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Financial Daily Dose 1.21.2021 | Top Story: Wall Street Greets Biden Administration With Rally, Records on Stimulus Hopes

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Markets gave a warm welcome to the Biden administration on Wednesday, as strong tech performance and hopes of “large-scale economic stimulus” helped power an across-the-board rally that brought all three major U.S. indices...more

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Financial Daily Dose 12.16.2020 | Top Story: EU and UK Regulators Announce Sweeping New Laws Aimed at Big Tech Gatekeepers

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EU and British authorities unveiled new proposals this week to “crimp the power of ‘gatekeeper’ platforms like Amazon, Apple, Facebook, Google and Microsoft, which policymakers argue deserve more oversight given their outsize...more

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Financial Daily Dose 12.11.2020 | Top Story: Banner Airbnb Public Trading Debut Has Some Worrying About Tech Bubble

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Because too much of a good thing is always trouble (especially on Wall Street), market watchers are warning of a new tech bubble after Airbnb’s monster IPO on Thursday. The home-sharing app’s shares rose more than 112% to...more

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Financial Daily Dose 11.23.2020 | Top Story: Pandemic and Global Economy Dominate Virtual G-20 Meeting

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The G-20 held a virtual summit this weekend, and discussions about taming the pandemic and addressing “the global economic damage it has wrought dominated” the meeting....more

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Financial Daily Dose 11.18.2020 | Top Story: Apple Cuts App Store Fees Amidst Antitrust Scrutiny

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In a major shift (and with antitrust regulators breathing down its neck), Apple is halving the App Store fee it charges developers (from 30% to 15%) who produce “as much as $1 million in annual revenue from their apps and...more

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Financial Daily Dose 10.26.2020 | Top Story: Inspire Brands In Talks to Acquire Dunkin for Deal Worth $8.8 Billion

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PE-backed Inspire Brands is in negotiations to take over Dunkin’ Brands Group, the parent of both Dunkin’ and Baskin-Robbins, in a deal valued at nearly $9 billion. Inspire includes Buffalo Wild Wings and Jimmy John’s among...more

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Financial Daily Dose 10.19.2020 | Top Story: ConocoPhillips Buys Oil Producer Concho Resources in Deal Worth Nearly $10B

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ConocoPhillips is doubling down on its commitment to the Midland basin by buying Concho Resources Inc. in “an all-stock transaction valued at $9.7 billion,” even “as the American shale-drilling industry is facing a downturn...more

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Financial Daily Dose 10.8.2020 | Top Story: Feds fine Citi $400M over “Longstanding” Governance Failures

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Federal regulators—including the Federal Reserve and the OCC—have fined Citigroup $400 million over “longstanding” failures in the areas of risk management, data governance, and internal controls. In addition to the fine, the...more

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Financial Daily Dose 9.25.2020 | Top Story: US Jobless Claims Rise As Recovery Stagnates

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New U.S. unemployment claims rose last week according to data released on Thursday, the latest sign that America’s recovery from the pandemic-induced recession is slowing—a “particularly worrisome” trend as cold-state...more

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Financial Daily Dose 9.17.2020 | Top Story: Fed Pledges to Hold Rates Near Zero Into 2023; Markets Rattled

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The Fed sought to reassure markets for the foreseeable future on Wednesday by announcing that it plans to hold rates at their near-zero mark until into 2023 as it tries to “coax the economy back to full strength after the...more

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Financial Daily Dose 8.26.2020 | Top Story: American Airlines to furlough 19,000 in coming months

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American Airlines is pushing forward with plans to furlough 19,000 workers this fall, even as the airline industry lobbies a stalemated Congress for another multi-billion dollar bailout. That figure, “when combined with the...more

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Financial Daily Dose 8.24.2020 | Top Story: TikTok Confirms Plans to Sue U.S. over Recent Executive Orders Targeting App

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More on TikTok’s plans to sue the U.S. over the White House’s recent executive orders seeking to block the app on American soil and force its owner, ByteDance, to sell its American assets. The company intends to argue that...more

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Financial Daily Dose 8.6.2020 | Top Story: Facebook Launches Instagram Reels to Compete with TikTok

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Never one to let a competitor’s misfortune pass by without looking for an opportunity, Facebook’s Instagram is hoping to capitalize on TikTok’s questionable U.S. status by launching Reels, a new feature that allows users to...more

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

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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...more

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

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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...more

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