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Under60 Daily | 8 October 2020

Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute.



[Technology] Ahead of declaring Q3 earnings, Samsung predicts its profit jumped nearly 60% last quarter, suggesting it could soon retake its position as the world's top smartphone seller from embattled Chinese rival Huawei.

Over60: CNN Business

[M&A] Morgan Stanley acquired fund manager Eaton Vance for $7 billion in a cash and stock combination deal. This follows Morgan Stanley's pivot away from riskier trading operations and towards wealth and asset management.

Over60: WSJ, Business Wire

[Labor] U.S. unemployment figures inch closer towards pre-pandemic figures (695,000) when they fell slightly to 840,000 last week. Claims have remained between 800,000 and 900,000 for more than a month.

Over60: WSJ, CNN

[Regulation] Federal banking regulators in the U.S. fined Citigroup Inc. $400 million for "significant ongoing deficiencies" with its risk management systems.

Over60: WSJ, Business Insider

[EV] Amazon unveils its new electric delivery trucks built through its partnership with EV maker Rivian.

Over60: The Verge



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