DAILY DOSE: March 2, 2021
Posted on 03/02/2021
1. Beaverton, Oregon-based company Nike Inc. terminated an employee. Ann Hebert, Nike’s vice president and general manager of North America, exited the company after Bloomberg Businessweek broke a story on her son. Her son (known as West Coast Joe) was running a business that was reselling sneakers and using a credit card in his mom’s name.
2. JPMorgan CEO Jamie Dimon sees interest rates going up. Dimon said he would not buy 10-year Treasuries.
3. Amazon.com, Inc. is being sued for alleged race and gender discrimination in Washington, D.C.
4. The Biden administration says the U.S. reserves the right to sanction the Saudi Crown Prince in the future if necessary. The Crown Price is the overseer of Saudi Arabia’s Public Investment Fund (PIF). The Biden administration is eyeing more sanctions on Russia.