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Despite Headwinds, Disney Reappoints Chapek as CEO Through 2025

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Despite a very rough patch of late, Disney CEO Bob Chapek has won reappointment as top Big Mouse exec. Chapek “could remain at the helm of Disney until at least 2025” and has a lot to tackle, including a flagging stock price,...more

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Tesla Impresses with Massive Q1 Profits

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Tesla delivered $3.3 billion in profits during the first three months of 2022, a massive increase from the sub-$500M figure during the same period a year before. Still, the company also told investors on Wednesday that “it...more

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Google Allows Some Apps to Use Their Own Payment Systems in Effort to Quell Antitrust Furor

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Under growing antitrust scrutiny, Google announced on Wednesday that it would let some apps “offer their own billing system within the Google Play store as part of a pilot program.” That move, affecting Spotify, among others,...more

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California Sues Tesla Over Alleged Racial Discrimination at U.S. Facility

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California’s Department of Fair Employment and Housing has filed a state court action against Tesla that alleges “racial discrimination and harassment at the electric-vehicle maker[‘s]” Fremont factory, the company’s...more

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Starbucks Ditches Vax Mandate in Wake of Supreme Court Ruling

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A week after SCOTUS scuttled the Biden Administration’s “effort to enlist large employers in its vaccination campaign,” Starbucks has “become one of the first major retailers to backtrack on vaccine plans” for its employees....more

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Financial Daily Dose 12.2.2021 | EU Fines Big Banks Over Forex Spot Trading Cartels

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The European Union has fined four banks nearly $400 million over their alleged roles in “a cartel in the foreign-exchange spot trading market.” Bankers at Barclays, RBS, HSBC, and Credit Suisse (along with UBS, which avoided...more

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Financial Daily Dose 11.18.2021 | Top Story: FTC Considers Oil and Gas Industry Probe Over Price Bumps

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With gas prices on the rise across the United States, the White House is urging the Federal Trade Commission to investigate whether “illegal conduct” by “large oil and gas companies is pushing up . . . prices for American...more

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Financial Daily Dose 11.11.2021 | Top Story: Inflation Tops 6% in October, Shakes Markets

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The inflation train continued its runaway pace in October, with the CPI rising 6.2%—the “sharpest increase” since 1990. The news is challenging politically for the administration but also for policymakers at the Fed, who are...more

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Financial Daily Dose 10.12.2021 | Top Story: Southwest Cancellations Continue, Stranding Angry Passengers

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Southwest Airlines canceled hundreds more flights to start the week, though its operations were closer to normal after a weekend that saw the carrier nix almost 2000 flights. The company blamed a mix of weather problems, “air...more

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Financial Daily Dose 8.25.2021 | Top Story: Warby Parker to Go Public Via Direct Listing

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Trendy eyewear-maker (and Daily Dose fave) Warby Parker revealed plans on Tuesday to go public via direct listing—the latest in a series of companies in recent months to sidestep the traditional IPO process in favor of the...more

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Financial Daily Dose 8.13.2021 | Top Story: Disney Beats Quarterly Expectations on Back of Massive Streaming Numbers

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While the Delta variant threatens Disney’s big theme park reopenings (and its recent return to profit in that sector after a year in the red), Big Mouse’s streaming service continues to deliver. Disney+ wrapped its fiscal Q3...more

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Financial Daily Dose 5.14.2021 | Top Story: Colonial Pipeline Paid $5M Ransom to Hackers, Set Dangerous Precedent

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After a series of denials, it has emerged that Colonial Pipeline reportedly paid 75 Bitcoin (roughly $5 million) to recover its stolen data from last weekend’s ransomware attack. The move likely put a quicker end to the...more

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Financial Daily Dose 3.18.2021 | Top Story: Fed Commits to Near-Zero Rates Despite Improving Economy

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The latest and greatest from Fed Chair Powell as the Fed’s March Open Markets Committee meeting wrapped yesterday, including a markets-pleasing assurance that better-than-expected economic growth wasn’t enough to push the...more

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Financial Daily Dose 3.10.2021 | Top Story: Tech Stocks Rebound, Lifting Tesla and Bitcoin

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Tech stocks roared back on Tuesday just a day after the Nasdaq hit correction territory, as “buy-the-dip” won out and led to a nearly-4% jump for the tech-heavy index ...more

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Financial Daily Dose 3.4.2021 | Top Story: Google Shakes Up Digital Ad Industry by Phasing Out Web Tracking

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Digging deeper into Google’s announcement that “its ad tools would no longer support individual tracking of users across websites starting in 2022,” a move that—with the site’s previously unveiled plans  to stop supporting...more

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Financial Daily Dose 2.22.2021 | Top Story: Boeing Grounds Some 777 Models After Engine Explosion on United Flight

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Boeing needs another aircraft problem like a hole in the head, but that’s just what it got after a right-engine explosion on one of its 777-200 models that had just left Denver en route to Hawaii. ...more

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Financial Daily Dose 10.13.2020 | Top Story: Disney Overhauls Organization to Focus on Streaming

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New Disney CEO Bob Chapek made one of his biggest moves yet since taking the reins, announcing a realignment “of its business divisions on Monday that placed the focus squarely on Disney+ and its other streaming services as...more

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Financial Daily Dose 9.30.2020 | Top Story: JPMorgan Reaches $920M Settlement with Feds Over Spoofing Allegations

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Under the terms of a deal with the DOJ announced this week, JPMorgan will pay $920 million and sign on to a deferred prosecution agreement “to resolve charges that it had manipulated markets for U.S. government bonds and...more

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Financial Daily Dose 8.5.2020 | Top Story: Top Story: Ford Removes CEO Jim Hackett After 3 Years on the Job

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Major shakeup at Ford, where CEO Jim Hackett is out after a three-year stint in which he “achieved mixed results” but didn’t impress Wall Street enough to keep his job. Ford has installed COO James Farley, a Toyota alum who’s...more

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Financial Daily Dose 7.9.2020 | Top Story: United Airlines Warns of Layoffs Affecting 40% of Its Workforce This Fall

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United Airlines is preparing to furlough as many as 36,000 workers—“nearly 40 percent of its global work force”—if the travel industry remains weak as summer turns into fall. The October 1 cuts would coincide with the end of...more

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Financial Daily Dose 5.19.2020 | Top Story: US Markets Surge on Hopes for Covid-19 Vaccine

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Optimism over promising results for a coronavirus vaccine from Moderna helped drive stocks up on Monday after a rough go of it last week....more

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Financial Daily Dose 2.26.2020 | Top Story: CDC Warning About COVID-19 in the US Sends Stocks Tumbling Again

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A stark warning from the Centers for Disease Control that Americans should prepare for a COVID-19 outbreak sent stocks tumbling again on Tuesday, with the S&P 500 closing down 3% (and firmly in the red for the year) by the...more

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

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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...more

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Financial Daily Dose 12.12.2019 | Top Story: Fed Holds Rates Steady And Looks to Stay There

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As expected, the Fed kept interest rates unchanged on Wednesday while also signaling that “they would wait to see how the economy fared before making another move”....more

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Financial Daily Dose 8.20.2019 | Top Story: Top Execs Signal Shift in Corporate Priorities Beyond Just Shareholder Gain

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A survey of the country’s most powerful CEOs by the Business Roundtable shows an interesting shift in how they view their top priority—no longer does advancing the interests of shareholders take the top spot. Instead, the...more

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