Stung recently by the collapse of Greensill Capital and Archegos Capital Mgmt (the latter alone which cost it more than $5.5 billion), Credit Suisse recently “dissolved a longstanding personal lending relationship” with Masa...more
Bitcoin’s back (and no, it never really left), thanks to a rally this morning that pushed its value up as much as 10% at one point in early trading today. Elon Musk’s weekend tweeting and news that presumptive top NFL draft...more
4/26/2021
/ Apple ,
Banks ,
Big Tech ,
Bitcoin ,
China ,
Consumer Privacy Rights ,
Coronavirus/COVID-19 ,
Credit Suisse ,
Cryptocurrency ,
Executive Compensation ,
Infectious Diseases ,
iPhone Tracking ,
JPMorgan Chase ,
Mobile Apps ,
OCC ,
On-Demand Services ,
Panasonic ,
Popular ,
Railways ,
Slander ,
Underwriting Agreements ,
Virtual Currency
Big bank earnings season kicked off this week, and impressive Q1 results from JPMorgan, Goldman Sachs, and Wells Fargo has Wall Street feeling especially bullish. This, despite “sobering signs,” including climbing infections...more
4/15/2021
/ Amazon Marketplace ,
Banks ,
Bernie Madoff ,
Bonds ,
CBS ,
Coinbase ,
Federal Reserve ,
Fine Art ,
Internet Retailers ,
Ponzi Scheme ,
Quarterly Report ,
Securities and Exchange Commission (SEC) ,
Share Price
Here’s a fun little exercise. Pull up a chart of Tuesday's market activity, and see if you can pinpoint the exact moment the White House announced to the world that it was pulling support for another Covid stimulus bill...more
10/8/2020
/ Amazon Marketplace ,
Antitrust Provisions ,
Apple ,
Banks ,
Coronavirus/COVID-19 ,
EU ,
Facebook ,
Financial Stimulus ,
General Electric ,
Google ,
H-1B ,
Highly-Skilled Workers Visa ,
Monopolization ,
Relief Measures ,
Securities and Exchange Commission (SEC) ,
Trade Deficit ,
Trump Administration ,
UK ,
UK Brexit ,
Wells Notice
Markets globally and U.S. futures are down as investors digest the news out of D.C. overnight...
Jobs Report Friday again. Here’s what we’re watching for in the numbers....more
10/2/2020
/ Airlines ,
Banks ,
CARES Act ,
CMBS ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Cyber Crimes ,
Donald Trump ,
Economic Downturn ,
Financial Crisis ,
Financial Markets ,
Financial Stimulus ,
Foreign Workers ,
General Motors ,
Goldman Sachs ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Layoffs ,
Legislative Agendas ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Paycheck Protection Program (PPP) ,
Public Health ,
Ransomware ,
Relief Measures ,
Stock Prices ,
Trump Administration ,
U.S. Treasury ,
Unemployment ,
Visas
Palantir’s direct listing experiment generally went well yesterday, with the company’s shares beginning trading up nearly 40% from the $7.25 reference price set Tuesday evening. Fellow direct lister Asana also had a good...more
10/2/2020
/ Allstate ,
American Airlines ,
Antitrust Violations ,
Banks ,
Coronavirus/COVID-19 ,
Dividends ,
Donald Trump ,
Economic Downturn ,
EU ,
Federal Reserve ,
Financial Stimulus ,
Goldman Sachs ,
Hewlett-Packard ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Joe Biden ,
Layoffs ,
Legislative Agendas ,
Political Campaigns ,
Political Candidates ,
Political Debates ,
Ransomware ,
Relief Measures ,
Secretary of the Treasury ,
Securities and Exchange Commission (SEC) ,
Share Buybacks ,
Small Business ,
Stock Prices ,
Tokyo Stock Exchange ,
UK ,
UK Brexit ,
Unemployment ,
United Airlines
Still-new TIkTok CEO Kevin Mayer has stepped down, “just months after taking the helm of the viral short video app.” ByteDance had appointed Mayer in May in an effort “to make the case that TikTok operates as a separate...more
8/28/2020
/ Accredited Investors ,
Apple ,
Banks ,
Bitcoin ,
China ,
Consumer Privacy Rights ,
Coronavirus/COVID-19 ,
Data Collection ,
Data Mining ,
Disney ,
Economic Sanctions ,
Facebook ,
Federal Reserve ,
Ford Motor ,
Goods or Services ,
Hiring & Firing ,
Infectious Diseases ,
iPhone ,
Layoffs ,
Mark Zuckerberg ,
Mobile Apps ,
National Security ,
Online Advertisements ,
Remote Working ,
Salesforce ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Social Media ,
Telecommuting ,
TikTok ,
Trump Administration
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 DOJ has begun the prosecutorial phase of its chicken price-fixing investigation with a one-count indictment accusing current and former senior execs at Pilgrim’s Pride and Claxton Poultry Farms—including their current...more
6/4/2020
/ Agribusiness ,
Antitrust Violations ,
Banks ,
Bias ,
Bonds ,
Class Action ,
Coronavirus/COVID-19 ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Department of Labor (DOL) ,
European Central Bank ,
Federal Reserve ,
Financial Markets ,
Financial Stimulus ,
Gender-Based Pay Discrimination ,
Interest Rates ,
Layoffs ,
Meat Processing Plants ,
Oracle ,
Overdraft Fees ,
Payday Loans ,
Price-Fixing ,
Relief Measures ,
Unemployment ,
Unemployment Benefits ,
Vulnerable Victims ,
Warner Music Group
For the first time, the Federal Reserve system will begin buying corporate bonds—all part of the central bank’s efforts to “support the economy and financial system in the coronavirus crisis.” The NY Fed will kick things off...more
5/12/2020
/ Banks ,
BlackRock ,
Coronavirus/COVID-19 ,
Corporate Bonds ,
Economic Downturn ,
Elon Musk ,
ETFs ,
Federal Reserve ,
Financial Crisis ,
Financial Markets ,
Internet Streaming ,
Nasdaq ,
OCC ,
Re-Opening Guidelines ,
Recessions ,
Relief Measures ,
S&P ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Tesla ,
White Collar Crimes
All the talk of when to reopen the economy is largely gotten in the way of a bigger (and thornier, if possible) question: how to do it. Despite the bold declarations from optimists and wishful thinkers that it’s as easy as a...more
4/28/2020
/ Air Carriers ,
Bailout ,
Banks ,
Boeing ,
Business Closures ,
CARES Act ,
Casinos ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Debt ,
Facebook ,
Federal Trade Commission (FTC) ,
Financial Crisis ,
Financial Stimulus ,
Mark Zuckerberg ,
Native American Issues ,
Paycheck Protection Program (PPP) ,
Publicly-Traded Companies ,
Re-Opening Guidelines ,
Retail Market ,
SBA ,
Settlement ,
Zoom®
Unpacking Friday’s $2.2 trillion COVID-19 stimulus bill reveals a heck of a lot of “small favors to special interests” and “a slew of policy changes that had gathered dust, some for years in a stagnant and divided Congress.”...more
3/30/2020
/ Accounting Standards ,
Banks ,
BlackRock ,
China ,
Coronavirus/COVID-19 ,
Federal Reserve ,
Financial Markets ,
Financial Stimulus ,
FinTech ,
General Motors ,
Grocery Store Workers ,
Legislative Agendas ,
Loans ,
On-Demand Services ,
Strike
Tuesday was one of those rare Bear Market good days. Renewed optimism about a forthcoming Congressional stimulus deal (including the estimated $2 trillion it encompasses) and more time to digest the Fed’s commitment to...more
3/25/2020
/ Amazon ,
Banks ,
Coronavirus/COVID-19 ,
Facebook ,
Federal Reserve ,
Financial Markets ,
Financial Stimulus ,
Manufacturers ,
Mark Zuckerberg ,
Microsoft ,
Rating Agencies ,
Securities and Exchange Commission (SEC) ,
Stress Tests ,
Trump Administration ,
Uber
Despite news of additional COVID-19-related deaths and infections in America, central bankers appear to have bought at least one day of peace for US markets, which posted strong gains on a late surge on Monday, breaking a...more
3/3/2020
/ Apple ,
Banks ,
Best Practices ,
Bid Rigging ,
CEOs ,
China ,
Coronavirus/COVID-19 ,
Criminal Conspiracy ,
Criminal Penalties ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Disgorgement ,
Drug Pricing ,
Economic Downturn ,
Emergency Management Plans ,
Enforcement Actions ,
EU ,
Financial Markets ,
General Electric ,
Generic Drugs ,
Global Market ,
Hewlett-Packard ,
Infectious Diseases ,
Multidistrict Litigation ,
Novartis ,
Oil & Gas ,
OPEC ,
Oral Argument ,
Pharmaceutical Industry ,
Price-Fixing ,
Public Health ,
Risk Management ,
Sandoz ,
Securities and Exchange Commission (SEC) ,
Stock Prices ,
Takeover Bids ,
Wireless Industry ,
Wireless Technology ,
Xerox
-The DOJ has announced charges against four members of China’s military related to the 2017 cyberattack on credit-reporting agency Equifax, the breach that revealed “trade secrets and the personal data of about 145 million...more
2/11/2020
/ Amazon Marketplace ,
Anti-Competitive ,
Antitrust Provisions ,
Antitrust Violations ,
Banks ,
China ,
Cloud Computing ,
Corruption ,
Criminal Prosecution ,
Cyber Attacks ,
Data Breach ,
Department of Justice (DOJ) ,
Economic Growth ,
Employee Definition ,
Equifax ,
FDIC ,
Federal Budget ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Financial Services Committee ,
FinTech ,
Gig Economy ,
Global Market ,
Hewlett-Packard ,
Independent Contractors ,
Indictments ,
Infectious Diseases ,
Microsoft ,
Misclassification ,
Personal Care Products ,
Popular ,
Proxy Advisors ,
Securities and Exchange Commission (SEC) ,
Sprint ,
Startups ,
T-Mobile ,
Takeover Bids ,
Telecommunications ,
Trump Administration ,
Uber ,
Wireless Industry ,
Xerox
Amazon closed out the trading day yesterday as an official member of the $1 trillion club for the first time. Because Jeff really needed a win, folks. The company joins Microsoft, Alphabet, and Apple in that rarified...more
2/5/2020
/ 1MDB ,
5G Network ,
Airplane Accidents ,
Alphabet Company ,
Amazon Marketplace ,
Banks ,
Boeing ,
Chapter 11 ,
China ,
Commercial Bankruptcy ,
Disney ,
E-Commerce ,
eBay ,
Federal Reserve ,
Financial Markets ,
Goldman Sachs ,
Huawei ,
Infectious Diseases ,
Infrastructure ,
Internet Streaming ,
Layoffs ,
Loans ,
Macy's ,
NYSE ,
Online Advertisements ,
PG&E ,
Popular ,
Public Health ,
Retail Market ,
Stock Exchange ,
Stock Prices ,
Takeovers ,
Telecommunications ,
Tourism ,
Trade Relations ,
UK Brexit ,
YouTube
As it kicked off its 50th annual gathering today, the World Economic Forum in Davos is facing some hard questions—both about the state of the ideals it has long espoused (“open borders, liberal democracy and free borders,” to...more
1/21/2020
/ Amazon Marketplace ,
Artificial Intelligence ,
Automotive Industry ,
Aviation Industry ,
Banks ,
BlackRock ,
Boeing ,
Canada ,
Capital Markets ,
China ,
Citibank ,
Climate Change ,
Criminal Convictions ,
Criminal Prosecution ,
Electric Vehicles ,
Environmental Social & Governance (ESG) ,
EU ,
European Central Bank ,
Extradition ,
Facial Recognition Technology ,
Foreign Trade Regulations ,
Fraud ,
Global Economy ,
Huawei ,
IMF ,
India ,
Insider Trading ,
International Relations ,
Investment ,
Iran Sanctions ,
Jeff Bezos ,
Personally Identifiable Information ,
Regulatory Standards ,
Social Media ,
Telecommunications ,
Tesla ,
Transparency ,
World Economic Forum
Goldman Sachs is reportedly in negotiations with federal prosecutors to resolve claims about its role in the Malaysian 1MDB scandal for upwards of $2 billion. A settlement—which “could include a guilty plea from Goldman’s...more
12/20/2019
/ #MeToo ,
1MDB ,
401k ,
Bank of England ,
Banks ,
Bribery ,
Compliance ,
Corruption ,
Criminal Prosecution ,
Cross-Border Transactions ,
Employee Benefits ,
Enforcement Actions ,
Equal Employment Opportunity Commission (EEOC) ,
EU ,
Failure to Comply ,
Federal Budget ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Markets ,
Foreign Corrupt Practices Act (FCPA) ,
FSB ,
Germany ,
Goldman Sachs ,
Inflation Adjustments ,
Interest Rates ,
Legislative Agendas ,
Leveraged Loans ,
Malaysia ,
Mobile Apps ,
Money Laundering ,
Morgan Stanley ,
Oil & Gas ,
Pending Legislation ,
Pensions ,
Popular ,
Regulatory Violations ,
Retirement Plan ,
Ridesharing ,
Securities Transactions ,
Sexual Harassment ,
Sovereign Wealth Funds ,
Sweden ,
Uber ,
UK ,
United States-Mexico-Canada Agreement (USMCA) ,
Upstream Contracts ,
Wall Street ,
White Collar Crimes
Fiat Chrysler and rival Peugeot have agreed to binding merger terms that, if approved by US and European regulators, would create a “$50 billion auto giant that would rank among the world’s largest car companies by sales”....more
12/18/2019
/ Aircraft Sales ,
Amazon ,
Automotive Industry ,
Banks ,
Bed Bath & Beyond ,
Boeing ,
Bond Markets ,
Borrowers ,
Capital Raising ,
CBS ,
Chrysler ,
Competition ,
Complaint Procedures ,
Consumer Financial Products ,
Diversity and Inclusion Standards (D&I) ,
DNA ,
E-Commerce ,
Electricity ,
Equipment Failure ,
EU ,
Fannie Mae ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Fiat ,
Financial Markets ,
Financial Services Industry ,
Financing ,
Freddie Mac ,
Goldman Sachs ,
Infrastructure ,
Institutional Investors ,
Interest Rate Adjustments ,
Life Sciences ,
Monopolization ,
Mortgage Lenders ,
Mortgages ,
Natural Disasters ,
Office Space ,
Peugeot ,
PG&E ,
Popular ,
Publicly-Traded Companies ,
Rate-Rigging ,
Real Estate Investments ,
Retailers ,
Retaliation ,
Settlement Agreements ,
Sharing Economy ,
SoftBank ,
Startups ,
Trump Administration ,
UK ,
UK Brexit ,
Wildfires
Jobs Report Friday again. Here’s what we’re watching, including the possibility of scary low numbers thanks to the only-recently-resolved GM strike....more
11/1/2019
/ Automotive Industry ,
Banks ,
China ,
Collective Bargaining ,
Commercial Bankruptcy ,
Corporate Taxes ,
Currency Manipulation ,
Deutsche Bank ,
Economic Development ,
Employment Contract ,
Federal Reserve ,
Fiat ,
Ford Motor ,
Foreign Currency ,
Gender Discrimination ,
General Motors ,
Interest Rate Adjustments ,
Inversion ,
Job Creation ,
JPMorgan Chase ,
Labor Relations ,
Office Space ,
Peugeot ,
Retailers ,
Russia ,
Sanction Violations ,
Sharing Economy ,
Strike ,
Tax Evasion ,
U.S. Treasury ,
UAW ,
Unions ,
Voluntary Disclosure
Details are trickling in on the tentative Brexit agreement reached between UK and EU negotiators this week, just 14 days ahead of the Halloween departure deadline. A massive sticking point here remains the British...more
10/18/2019
/ Banks ,
Brick-and-Mortar Stores ,
Brokers ,
Charles Schwab ,
China ,
Climate Change ,
Corruption ,
Credit Suisse ,
E-Cigarettes ,
E-Commerce ,
EU ,
Facebook ,
False Statements ,
Federal Reserve ,
Financial Harm ,
Foreign Policy ,
General Motors ,
Initial Public Offering (IPO) ,
Investment Opportunities ,
Kickbacks ,
Labor Relations ,
Mozambique ,
Netflix ,
Political Speech ,
Ponzi Scheme ,
Presidential Elections ,
Retail Market ,
Saudi Arabia ,
Saudi Aramco ,
Scams ,
Securities Transactions ,
Severe Weather ,
Social Media ,
Strike ,
Tariffs ,
Trade Relations ,
Trade Wars ,
UAW ,
UK ,
UK Brexit ,
US Trade Policies ,
Vaping ,
Wage and Hour ,
White Collar Crimes ,
White Papers
Ride-hailing giant Uber laid off 350 workers on Monday as part of an ongoing effort to pare costs that now represents 1000 jobs cut since July....more
10/15/2019
/ Banks ,
Barclays ,
Boeing ,
Bribery ,
China ,
Citibank ,
Consumer Financial Products ,
Deutsche Bank ,
Earnings Reports ,
Enforcement Actions ,
Financial Crisis ,
Financial Services Industry ,
Fraud ,
Gaming ,
Google ,
Internet Streaming ,
Layoffs ,
Mobile Apps ,
OCC ,
OREO Properties ,
Payday Loans ,
Popular ,
Qatar ,
Regulatory Violations ,
Retailers ,
Saks ,
Serious Fraud Office (SFO) ,
Uber ,
Video Games ,
White Collar Crimes
We Work’s largest investor, SoftBank, is reportedly sketching out plans in which it would drop billions of additional money on the company in return for giving Masa Son control of WeWork “and further sidelin[ing] its founder...more
10/14/2019
/ Banks ,
China ,
Commercial Bankruptcy ,
Cryptocurrency ,
Earnings Reports ,
eBay ,
Electricity ,
Enforcement Actions ,
Facebook ,
Federal Reserve ,
Global Marketplace ,
Initial Public Offering (IPO) ,
MasterCard ,
Offerings ,
Office Space ,
Offshore Companies ,
Opioid ,
OxyContin ,
Pain Management ,
PG&E ,
Pharmaceutical Industry ,
Purdue Pharma ,
Sears ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Sharing Economy ,
SoftBank ,
Stays ,
Tariffs ,
Token Sales ,
Trade Relations ,
Trade Wars ,
Treasury Regulations ,
Trump Administration ,
Unregistered Securities ,
US Trade Policies ,
Visa Inc ,
Volkswagen ,
Wall Street ,
Wildfires
Because the Nissan leadership scandal is about as well-contained as Chernobyl in the early days [thanks, HBO], French automaker Renault has voted this morning to remove Chief Executive Thierry Bolloré amid concerns over the...more
10/11/2019
/ Automotive Industry ,
Banks ,
Bitcoin ,
Business Valuations ,
California Consumer Privacy Act (CCPA) ,
Capital Rules ,
CFTC ,
China ,
Commercial Bankruptcy ,
Commodities ,
Commodity Exchange Act (CEA) ,
Cryptocurrency ,
Electricity ,
Ether ,
Federal Reserve ,
Financial Regulatory Reform ,
Financial Services Industry ,
General Motors ,
Initial Public Offering (IPO) ,
Investment Banks ,
Labor Relations ,
Layoffs ,
Lenders ,
Liquidity ,
Personal Data ,
PG&E ,
Regulatory Burden ,
Renault-Nissan ,
Reorganizations ,
Retailers ,
Rollbacks ,
Saudi Arabia ,
Saudi Aramco ,
Trade Wars ,
Trump Administration ,
UAW ,
US Trade Policies ,
Victoria Secret ,
Wal-Mart
WeWork’s drama in past weeks—which includes a planned and postponed public offering thanks to rough financials and dicey corporate governance—is prompting the company to consider swapping out founder Adam Neumann as CEO to...more
9/23/2019
/ Banks ,
China ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Corporate Governance ,
Criminal Conspiracy ,
E-Cigarettes ,
Employee Definition ,
Extradition ,
Financial Crisis ,
Huawei ,
Independent Contractors ,
India ,
Initial Public Offering (IPO) ,
Liquidity ,
Lyft ,
Municipal Bonds ,
Office Space ,
Oil Prices ,
Repossess ,
Retailers ,
RMBS ,
Sharing Economy ,
Single Director ,
Social Credit System ,
State Labor Laws ,
Stock Markets ,
Trade Negotiations ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
Uber ,
US Trade Policies ,
Wal-Mart