Business News Weekly ─ May 27, 2019
“Millennial homesick blues” ─ from a report in the Wall Street Journal. It goes on to say the idea was that the depressed housing market will get a boost from the generation that came of age during the recession. That post may never come.
“Google refunds some acts” ─ from an article in the Wall Street Journal more follow suit over fraudulent web traffic. Google’s agreed three from advertisers for its purchased on its ad marketplace that ran on websites with fraudulent traffic
Wall Street is rapidly losing faith in Tesla story. At $370 a share in December it has fallen to $210 a share. Ironically with all the money invested, the biggest problem seems to be poor cash management.
“Corporate chiefs under 50 are rare in the S&P 500” ─ from an article in the Wall Street Journal.
At the same time CEOs of the biggest US companies in 2018 were high even as stock market returns tumbled at most companies. The highest-paid is a gentleman named David M. Zaslay at Discovery, and his income last year was $129 million. The median pay for these large companies reach $12.4 million for CEOs
“Amazon may deliver bad news for Uber” ─ from an article in the Wall Street Journal. The online retailer moves into the ride–hailers turf in the U.K. At this point time in the US Uber food delivery market share is 25%, with DoorDash leading at 31%.
“Judge Koh’s QUALCOMM Coup” ─ from an article in the Wall Street Journal. It goes on to say her sweeping antitrust ruling kneecaps the firm and 5G competition. Interesting comment is “The biggest threat to America’s 5G leadership isn’t China or Huawei the way, federal judge Lucy Hoh revealed in her sweeping 233-page ruling against QUALCOMM.