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SoftBank Layoffs

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Financial Daily Dose 9.3.2020 | Top Story: CBO Projects U.S. Nat’l Debt Will Nearly Eclipse GDP for First Time Since WWII

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New figures from the Congressional Budget Office predict that U.S. government debt will, thanks to the pandemic recession, just about eclipse the size of the nation’s GDP—a level not reached since just after World War II....more

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Financial Daily Dose 5.29.2020 | Top Story: Google Cut Costs . . . .

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Google cut costs by rescinding offers to more than 2,000 contract workers due to the strains of the pandemic....more

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Financial Daily Dose 5.18.2020 | Top Story: Uber Eliminates 3,700 Jobs

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Uber Technologies Inc. will eliminate 3,700 jobs. This equates to the company shedding a quarter of its workforce. Rumors are also circulating that Uber “is in talks to buy rival Grubhub Inc.”....more

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Financial Daily Dose 4.3.2020 | Top Story: The U.S. Jobs Report Will Be Ugly . . . .

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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...more

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

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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...more

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Financial Daily Dose 7.25.2019 | Top Story: Facebook to Add Privacy Measures Under FTC Deal

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Facebook and the FTC have agreed to terms on a settlement addressing the social network’s privacy violations in recent years. Along with the previously reported $5 billion fine, the deal will require Facebook to “add new...more

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Your Daily Dose of Financial News

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British and EU negotiators have reached a draft Brexit deal that PM May now needs to sell to her “deeply divided” cabinet. Not that her challenges would end there, mind you, as any deal would then face a skeptical Parliament...more

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Your Daily Dose of Financial News

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ECB Chief Mario Draghi’s having none of the US Treasury Secretary’s recent weak-dollar talk, accusing the US official, in not so many words, of “violating agreements among nations against starting currency wars”....more

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