On Friday, N.D. Cal. Federal Judge Yvonne Gonzalez issued an order in the high-profile Epic Games v. Apple App Store tilt, finding that Apple “violated California’s laws against unfair competition by barring app developers...more
9/14/2021
/ Amazon ,
App Developers ,
Apple ,
Bank of America ,
Car Dealerships ,
Coronavirus/COVID-19 ,
Electric Vehicles ,
Financial Markets ,
Hertz ,
Mergers ,
Semiconductors ,
Unfair Competition
Apple reached a settlement this week with a group of app developers that will allow them to “urge customers to pay them outside their iPhone apps”—a move that enables them to “avoid paying Apple a commission on their sales”...more
JPMorgan Chase has elevated two execs, Jennifer Piepszak and Marianne Lake, to top spots as joint heads of the firm’s “sprawling” consumer and community banking division ...more
5/19/2021
/ Automotive Industry ,
Bank of America ,
Connected Items ,
Corporate Culture ,
Deutsche Bank ,
Diversity and Inclusion Standards (D&I) ,
Energy Policy ,
Hertz ,
Infrastructure ,
Internet Memes ,
JPMorgan Chase ,
Marketing ,
Motor Vehicles ,
Software ,
Stock Prices
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
5/14/2021
/ Air Quality Standards ,
Amazon Marketplace ,
Bank of America ,
Big Tech ,
Critical Infrastructure Sectors ,
Cyber Attacks ,
Disney ,
Facebook ,
Financial Markets ,
Hackers ,
International Data Transfers ,
Ireland ,
McDonalds ,
Microchip Technology ,
Oil & Gas ,
Pipelines ,
Unemployment ,
Wage and Hour
U.S. drug giant Merck is shuttering its coronavirus vaccine development “after early trial data showed [its pair of vaccines] failed to generate immune responses comparable to natural infection or existing vaccines.” ...more
1/25/2021
/ Administrative Appointments ,
Amazon Marketplace ,
Antitrust Violations ,
Bank of America ,
Biden Administration ,
Citibank ,
Clinical Trials ,
Coronavirus/COVID-19 ,
Deutsche Bank ,
DuPont ,
Federal Reserve ,
FOMC ,
Hiring & Firing ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Internet Streaming ,
Janet Yellen ,
JPMorgan Chase ,
Layoffs ,
Merck ,
NBC ,
Pharmaceutical Industry ,
Postmates ,
Special Purpose Acquisition Companies (SPACs) ,
Vaccinations
As we thought, stocks rallied on Monday thanks to Moderna’s news of promising results for its Covid-19 vaccine, with the Dow and S&P 500 hitting new record highs....more
11/18/2020
/ AirBnB ,
Bank of America ,
Biden Administration ,
CARES Act ,
China ,
Coronavirus/COVID-19 ,
Dow Jones ,
Federal Reserve ,
Financial Markets ,
Foreign Policy ,
Goldman Sachs ,
Home Depot ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
JPMorgan Chase ,
Moderna Inc. ,
News Corp ,
Putative Class Actions ,
S&P ,
Southwest Airlines ,
Stock Prices ,
Tesla ,
Vaccinations ,
Viacom ,
Wells Fargo
The WTO—already on shaky ground with the White House—did little to endear itself on Tuesday with a decision giving the EU “permission to impose tariffs on $4 billion worth of American products annually in retaliation for...more
10/14/2020
/ 5G Network ,
Airbus ,
Aircraft ,
Amazon Marketplace ,
Antitrust Violations ,
Apple ,
Bank of America ,
Boeing ,
Citigroup ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
E-Commerce ,
EU ,
Google ,
Investment Funds ,
iPhone ,
JPMorgan Chase ,
Libor ,
Meat Processing Plants ,
Movie Theaters ,
Poultry ,
Price-Fixing ,
Quarterly Report ,
Retaliatory Tariffs ,
Sexual Harassment ,
Tariffs ,
Theranos ,
Trade Retaliation ,
Trade Wars ,
US Trade Policies ,
WTO
Twitter will pay the Federal Trade Commission up to $250 million to “resolve new charges . . . that the social media giant breached a 2011 consent decree by using data provided for security purposes to target users with...more
8/4/2020
/ AIG ,
Argentina ,
Bank of America ,
Banks ,
BlackRock ,
Boeing ,
Bonds ,
Chapter 11 ,
China ,
Class Action ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Debt Restructuring ,
Facebook ,
Federal Aviation Administration (FAA) ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Fraud ,
Hedge Funds ,
Mark Zuckerberg ,
Microsoft ,
Mortgage Escrow Account ,
Office Space ,
Online Advertisements ,
Re-Opening Guidelines ,
Regulatory Violations ,
Retail Market ,
SBA ,
SBA Lending Programs ,
Social Media ,
TikTok ,
Trump Administration ,
Twitter
The White House and the US airline industry have agreed in principle to a $25 billion bailout after weeks of “haggling” over the terms, including whether the Treasury Department was “effectively turning the grants into loans...more
4/16/2020
/ Bailout ,
Bank of America ,
Coronavirus/COVID-19 ,
Criminal Prosecution ,
Earnings Reports ,
Economic Downturn ,
Facebook ,
Financial Markets ,
Fraud ,
Google ,
IMF ,
JPMorgan Chase ,
Layoffs ,
Loans ,
NBC ,
Online Advertisements ,
Recessions ,
Relief Measures ,
Tax Revenues ,
Theranos ,
Tourism ,
Wells Fargo
Newly released minutes from the Fed’s January meeting show central bankers preoccupied with global risks, including the still-growing economic impact of the coronavirus, while still taking a wait-and-see approach to any...more
2/20/2020
/ 401k ,
Appraisal ,
Bank of America ,
CEOs ,
China ,
Class Action ,
Constitutional Challenges ,
Consumer Financial Products ,
Coronavirus/COVID-19 ,
Countrywide ,
Cyber Threats ,
Economic Injuries ,
Elon Musk ,
Employee Benefits ,
Federal Reserve ,
Fidelity Investments ,
Financial Reporting ,
Financial Services Industry ,
France ,
Fraud ,
Global Market ,
Government Investigations ,
Huawei ,
Initial Coin Offering (ICOs) ,
Investment ,
Junk Bonds ,
Mortgages ,
NDAA ,
Presidential Pardons ,
Publicly-Traded Companies ,
Renault-Nissan ,
Retirement Plan ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Settlement Agreements ,
Solar Energy ,
Startups ,
Supply Chain ,
Telecommunications ,
Token Sales ,
Trump Administration ,
UBS ,
White Collar Crimes ,
ZTE
It’s all coming up Elon these days for Tesla and its stock. “Positive developments” from the electric carmaker’s battery suppliers helped goose shares even higher, ending the day at $780/share—a nearly 20% gain since Friday....more
2/4/2020
/ #MeToo ,
Antitrust Provisions ,
Antitrust Violations ,
Automotive Industry ,
Bank of America ,
Bias ,
China ,
Citigroup ,
Competition ,
Conflicts of Interest ,
Corporate Culture ,
Department of Justice (DOJ) ,
Electric Vehicles ,
Elon Musk ,
EU ,
Fair Housing Act (FHA) ,
Federal Trade Commission (FTC) ,
Financial Markets ,
FinTech ,
Ford Motor ,
Fuel Efficiency ,
Gender-Based Pay Discrimination ,
Google ,
Infectious Diseases ,
Interest Rates ,
Merger Controls ,
National Emissions Standards ,
Oil & Gas ,
On-Demand Services ,
OPEC ,
Pay Gap ,
Personal Care Products ,
Popular ,
Public Health ,
Race Discrimination ,
Search Engines ,
Sex Discrimination ,
Sexual Harassment ,
Sharing Economy ,
Stock Prices ,
Supply and Demand ,
Tesla ,
Trade Relations ,
Trump Administration ,
Visa Inc ,
Voluntary Dismissals ,
Wells Fargo
Saudi Aramco’s slow trickle of IPO-related information continued this weekend, including its goal of setting overall company market value at a staggering $1.7 trillion. The figure, though massive, is still well short of the...more
11/18/2019
/ Aircraft ,
Airplane Accidents ,
Algorithms ,
Antitrust Violations ,
Automobile Recall ,
Automotive Industry ,
Aviation Industry ,
Bailout ,
Bank of America ,
Boeing ,
Bonds ,
Business Valuations ,
Capital Raising ,
China ,
Chrysler ,
Citibank ,
Corporate Taxes ,
Criminal Investigations ,
Criminal Prosecution ,
Employment Contract ,
Federal Aviation Administration (FAA) ,
FedEx ,
Fiat ,
Ford Motor ,
Foreign Banks ,
General Motors ,
Google ,
Hong Kong Stock Exchange ,
Huawei ,
Information Sharing ,
Initial Public Offering (IPO) ,
Internet ,
Investment ,
JPMorgan Chase ,
Labor Relations ,
Layoffs ,
Metals ,
Municipal Bonds ,
Nissan ,
Office Space ,
Oil & Gas ,
Opioid ,
Pain Management ,
Pharmaceutical Industry ,
Prescription Drugs ,
Price-Fixing ,
Racketeering ,
Saudi Aramco ,
Search Engines ,
Search Results ,
Settlement ,
Sharing Economy ,
Software ,
Spoofing ,
Stock Markets ,
Strike ,
Tax Cuts and Jobs Act ,
Tax Reform ,
Telecommunications ,
Trade Negotiations ,
Trump Administration ,
US Trade Policies ,
Wells Fargo
Top Tidjane Thiam ally Pierre-Olivier Bouee, Credit Suisse’s COO, has resigned in the wake of an internal probe finding that he “ordered the surveillance of the bank’s former wealth-management chief, Iqbal Khan, without...more
10/1/2019
/ Allergan Inc ,
Apple ,
Bank of America ,
Cancer ,
China ,
Commercial Bankruptcy ,
Commercial Real Estate Market ,
Credit Suisse ,
CVS ,
Department of Labor (DOL) ,
Endo Pharmaceuticals ,
Exemptions ,
Food and Drug Administration (FDA) ,
Foreign Trade Regulations ,
Forever 21 ,
Hiring & Firing ,
Initial Public Offering (IPO) ,
Job Creation ,
Job Descriptions ,
Johnson & Johnson ,
Labor Law Violations ,
Laptop Computers ,
Office Space ,
Opioid ,
Pet Smart ,
Pharmaceutical Industry ,
Pharmacies ,
Popular ,
Prescription Drugs ,
Product Recalls ,
Purdue Pharma ,
Race Discrimination ,
Repossess ,
Retailers ,
Rite Aid ,
Settlement ,
Sharing Economy ,
Shopping Centers ,
Startups ,
Surveillance ,
Tariffs ,
UK Brexit ,
US Trade Policies ,
Walgreens ,
WTO
One can prorogate all one wants, but raise the ire of British MPs, and a price will be paid, my friends. So goes the story for PM Boris Johnson, against whom British lawmakers “rose up” on Monday to “prevent him from taking...more
9/4/2019
/ Airlines ,
American Airlines ,
AT&T ,
Aviation Industry ,
Bank of America ,
CEOs ,
China ,
Cyber Attacks ,
Financial Crisis ,
Financial Institutions ,
Global Marketplace ,
Hong Kong ,
HSBC ,
Huawei ,
JPMorgan Chase ,
Libor ,
Manufacturers ,
Market Manipulation ,
Motion to Dismiss ,
Resignation ,
RMBS ,
Telecommunications ,
Trade Wars ,
UK ,
UK Brexit ,
UK Parliament
Late Friday, the Federal Trade Commission hit Facebook with a $5 billion fine for the social media company’s range of privacy violations over the past few years....more
7/15/2019
/ Aerospace ,
Airbus ,
Amazon Marketplace ,
Bank of America ,
Boeing ,
China ,
Commodities ,
Cryptocurrency ,
Debt Restructuring ,
Department of Labor (DOL) ,
Deregulation ,
Economic Downturn ,
Facebook ,
Federal Trade Commission (FTC) ,
Futures ,
Huawei ,
Initial Public Offering (IPO) ,
Labor Regulations ,
Layoffs ,
Merrill Lynch ,
Metals ,
Morgan Stanley ,
Puerto Rico ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Social Media ,
Spoofing ,
Telecommunications
Big Euro (and global) financial news emerging on Tuesday, as European officials rather surprisingly nominated current IMF chief Christine Lagarde to succeed Mario Draghi as European Central Bank president....more
7/3/2019
/ Anti-Competitive ,
Aviation Industry ,
Bank of America ,
Benchmarks ,
China ,
Electric Vehicles ,
EU ,
European Central Bank ,
Federal Reserve ,
Foreign Relations ,
Government Aid ,
Hedge Funds ,
Initial Public Offering (IPO) ,
Lloyds Banking Group ,
Prison ,
Quarterly Report ,
Rabobank ,
Saudi Arabia ,
Tariffs ,
Tesla ,
Trump Administration ,
US Trade Policies
The DC Circuit Court of Appeals dealt the DOJ a blow yesterday with a ruling that “rejected the government’s claim that a lower court had applied antitrust laws incorrectly in allowing the merger” between AT&T and Time Warner...more
2/27/2019
/ 5G Network ,
Antitrust Provisions ,
AT&T ,
Bank of America ,
Bonds ,
Commerzbank ,
Competition ,
Data Breach ,
Department of Justice (DOJ) ,
Department of Labor (DOL) ,
Deutsche Bank ,
Elon Musk ,
Embedded Tweets ,
Fannie Mae ,
Fees ,
Fidelity Investments ,
Financial Services Committee ,
Financial Services Industry ,
Freddie Mac ,
Germany ,
Huawei ,
Interest Rate Adjustments ,
JPMorgan Chase ,
Market Manipulation ,
Mutual Funds ,
Online Advertisements ,
Securities and Exchange Commission (SEC) ,
Social Media ,
Time Warner ,
United Arab Emirates (UAE) ,
Wal-Mart ,
Wireless Industry
GE—still in streamlining mode—agreed yesterday to sell its biopharma business to Danaher (current CEO Larry’s Culp’s former company, btw) for a reported $21.4 billion in the form of $21 billion in cash and $400 million in...more
2/26/2019
/ Antitrust Violations ,
Bank of America ,
Barclays ,
China ,
Contempt ,
Deutsche Bank ,
Elon Musk ,
Embedded Tweets ,
Enforcement Actions ,
Financial Markets ,
General Elections ,
Heinz ,
Investment Banks ,
Kraft ,
Libor ,
Merrill Lynch ,
Pharmaceutical Industry ,
RBS ,
Securities and Exchange Commission (SEC) ,
Social Media ,
Tariffs ,
Tesla ,
UK Brexit ,
US Trade Policies ,
Warren Buffett
A recap of Friday’s GDP numbers, which featured both a strong 3.5% growth rate and early signs that “the growth could cool in coming months”...more
10/29/2018
/ Anti-Competitive ,
Automotive Loans ,
Bank of America ,
Barclays ,
Bribery ,
Business Valuations ,
Capital Raising ,
Citibank ,
Cloud Computing ,
Consumer Financial Protection Bureau (CFPB) ,
Data Breach ,
Economic Development ,
Equifax ,
Forex ,
GDP ,
Google ,
IBM ,
JPMorgan Chase ,
Marijuana ,
Market Manipulation ,
Payday Lending Rule ,
Payday Loans ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Sexual Harassment ,
Software Developers ,
Stock Prices ,
Tesla ,
Title Loans ,
Video Games ,
Wal-Mart ,
White Collar Crimes
We’ve been keeping tabs on the high-profile CEOs who have withdrawn from Saudi Arabia’s coming investment conference over the past few weeks. But pulling out the conference is very different from severing ties with the...more
10/22/2018
/ Appeals ,
Bank of America ,
CashCall ,
CBS ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Elon Musk ,
EU ,
Facebook ,
Financial Services Industry ,
Foreign Investment ,
Free Trade Agreements ,
Interest Rates ,
Italy ,
Moody's ,
Mortgage Escrow Account ,
National Bank Act ,
Newspapers ,
Payday Loans ,
Petition for Writ of Certiorari ,
Preemption ,
Procter & Gamble ,
Quarterly Report ,
Recessions ,
Saudi Arabia ,
Singapore ,
Social Media ,
Tesla ,
White Collar Crimes
“Pot is the new crypto,” declares Bloomberg, and if you’ve seen how the virtual currencies are faring these days, that should be a warning and not a selling point....more
9/20/2018
/ 21st Century Fox ,
Administrative Appointments ,
Amazon Marketplace ,
Antitrust Provisions ,
Antitrust Violations ,
Bank of America ,
Comcast ,
Corruption ,
Cryptocurrency ,
Data Collection ,
Digital Currency ,
Enforcement Actions ,
EU ,
Financial Institutions ,
Marijuana ,
Money Laundering ,
Nominations ,
Philanthropy ,
Resignation ,
Securities and Exchange Commission (SEC) ,
UK ,
Virtual Currency ,
Wells Fargo ,
White Collar Crimes
Facebook’s disappointing Q2 earnings (and, presumably, some pent-up scandal-fueled anti-‘Book sentiment) sent its stock into freefall yesterday, erasing more than $120 billion from the company’s market value as shares dove...more
7/27/2018
/ Advertising ,
Antitrust Violations ,
Bank of America ,
Barclays ,
Bitcoin ,
Chipotle Grill ,
Commodities ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
Earnings Reports ,
Enforcement Actions ,
ETFs ,
EU ,
Facebook ,
Fast-Food Industry ,
Financial Markets ,
Franchises ,
Multidistrict Litigation ,
Nasdaq ,
Price-Fixing ,
Qualcomm ,
Securities and Exchange Commission (SEC) ,
Sinclair Broadcast Group ,
Stock Prices ,
Tariffs ,
Television Programming ,
Trade Relations ,
US Trade Policies
Yesterday, federal officials unveiled an ongoing EEOC investigation into whether Uber “discriminated against women in hiring and pay” that began last August. The news extends Uber’s streak of investigations and brutal PR well...more
7/17/2018
/ Administrative Law Judge (ALJ) ,
Administrative Proceedings ,
Bank of America ,
Blockbuster ,
Capital Formation ,
Capital Raising ,
Deregulation ,
Deutsche Bank ,
Emerging Growth Companies ,
Executive Orders ,
FCC ,
Financial Regulatory Reform ,
Gender Discrimination ,
Gender-Based Pay Discrimination ,
Goldman Sachs ,
Hiring & Firing ,
Initial Public Offering (IPO) ,
JPMorgan Chase ,
Judicial Appointments ,
Legislative Agendas ,
Libor ,
Lucia v SEC ,
Marketing ,
Netflix ,
Pay Gap ,
Proposed Legislation ,
Sex Discrimination ,
Startups ,
Stock Prices ,
Trump Administration ,
Uber ,
Wage and Hour
CEO Dara Khosrowshahi is undoubtedly breathing a sigh of relief on news out of the UK yesterday that Uber will regain its taxi license in London—a “crucial victory for efforts by its new chief executive to revamp the...more
6/27/2018
/ Amazon ,
American Express ,
Bank of America ,
Canada ,
Class Action ,
ConAgra ,
Consumer Financial Products ,
Credit Cards ,
Eskom ,
EU ,
Federal Reserve ,
Food and Drug Administration (FDA) ,
General Electric ,
Harley-Davidson ,
Imports ,
Investment Fraud ,
Lending ,
Ponzi Scheme ,
Ridesharing ,
Small Business ,
South Africa ,
Spotify ,
State Street ,
Steel Industry ,
Stress Tests ,
Tariffs ,
Trade Retaliation ,
Uber ,
UK ,
UK Brexit ,
US Trade Policies
In what can only be deemed a major reversal, the White House has reportedly ordered its economic adviser and trade representative to study rejoining the Trans Pacific Partnership, just a year after yanking the US out of deal...more
4/13/2018
/ Administrative Appointments ,
Bank of America ,
Bernie Madoff ,
Bitcoin ,
Business Assets ,
China ,
Consumer Financial Protection Bureau (CFPB) ,
Deregulation ,
Digital Currency ,
Financial Regulatory Reform ,
Free Trade Agreements ,
General Electric ,
NAFTA ,
Ponzi Scheme ,
Public Offerings ,
Trans-Pacific Partnership ,
Trump Administration ,
US Trade Policies ,
Virtual Currency ,
Volkswagen ,
Wall Street