The Fed’s March meeting notes dropped on Wednesday, and they detailed the central bank’s plans to “shrink their portfolio of bond holdings imminently” as well as the “many” fed officials auguring for significant rate hikes in...more
The White House unveiled its 2023 budget to start the week, a document that outlines the Administration’s economic agenda for the year ahead. Among other proposals, the budget proposes “a new tax on American households worth...more
Coinbase, the “largest cryptocurrency exchange” in the U.S., revealed on Wednesday that SEC officials are threatening to sue it “over a proposed financial product that would let customers earn interest on digital asset...more
9/10/2021
/ Bitcoin ,
Bonds ,
Coinbase ,
Consumer Financial Products ,
Cryptocurrency ,
El Salvador ,
Federal Reserve ,
Financial Markets ,
Fraud ,
Mergers ,
Securities and Exchange Commission (SEC)
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
PE firm CVC Capital Partners has made an unsolicited bid to acquire Japan’s Toshiba Corp. “in a deal that could be valued at more than $20 billion if completed.” The proposal, which would need Japanese government approval...more
4/8/2021
/ Airlines ,
Bonds ,
Credit Cards ,
DoorDash ,
Federal Reserve ,
Financial Services Industry ,
Hong Kong ,
IKEA ,
Interest Rates ,
JPMorgan Chase ,
Microchip Technology ,
Retail Market ,
Supply Chain ,
Target ,
Tax Reform ,
Toshiba ,
Toyota
Thursday’s weekly unemployment report managed to pull double duty—marking another decrease in the still-high figures (roughly 709k new jobless claims last week, about 47k fewer than the week before) that suggests some cause...more
3/12/2021
/ 5G Network ,
Bonds ,
Border Security ,
Coronavirus/COVID-19 ,
E-Commerce ,
Electric Vehicles ,
Elon Musk ,
European Central Bank ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Innovative Technology ,
Offshore Funds ,
South Korea ,
Tax Evasion ,
Tesla ,
UK ,
UK Brexit ,
Unemployment ,
Verizon
Jobs Report Friday again! Here’s what we’re looking for in the February numbers, which are expected to be relatively modest...more
3/5/2021
/ Bonds ,
Capital Investments ,
China ,
Congressional Budget Office ,
Coronavirus/COVID-19 ,
Google ,
Infectious Diseases ,
Infrastructure ,
Minimum Wage ,
Oil & Gas ,
Online Advertisements ,
Price Gouging ,
Severe Weather ,
Unemployment ,
Wage and Hour
Digging deeper into Google’s announcement that “its ad tools would no longer support individual tracking of users across websites starting in 2022,” a move that—with the site’s previously unveiled plans to stop supporting...more
3/4/2021
/ Amazon Marketplace ,
Bonds ,
Chapter 11 ,
Commercial Bankruptcy ,
Cookies ,
Data Collection ,
Disney ,
Exploration and Production Assets ,
Financial Markets ,
Google ,
Insolvency ,
Investment Opportunities ,
Market Volatility ,
Michaels ,
Mobile Apps ,
NFL ,
Oil & Gas ,
OPEC ,
Quicken Loans ,
Retailers ,
Russia ,
Saudi Arabia ,
Stock Trades ,
Targeted Digital Advertising ,
Web Tracking
A quieter bond market was music to the markets’ ears on Monday, and they responded with their best day since last June...more
3/2/2021
/ Administrative Appointments ,
Biden Administration ,
Bitcoin ,
Bonds ,
China ,
Confirmation Proceedings ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Suisse ,
Cryptocurrency ,
Digital Currency ,
Electric Vehicles ,
General Motors ,
Inflation Adjustments ,
Insolvency ,
Manufacturers ,
Securities and Exchange Commission (SEC) ,
SoftBank ,
State Taxes ,
Tax Revenues ,
Volvo ,
Wal-Mart
Surging bond yields raised fears that government, consumer, and business spending could become more expensive, leading to a “tumultuous day in financial markets” that prompted some to blame the Fed for not expressing...more
2/26/2021
/ AirBnB ,
AT&T ,
Biometric Information ,
Biometric Information Privacy Act ,
Bonds ,
Budget Reconciliation ,
Class Action ,
Data Collection ,
Facial Recognition Technology ,
Financial Markets ,
Kentucky Fried Chicken ,
McDonalds ,
Minimum Wage ,
Pizza Hut ,
Plant Based Products ,
Startups ,
TikTok ,
Twitter ,
Unemployment ,
Wage and Hour
Your Federal Reserve update based on Chair Powell’s testimony before the Senate Banking Committee on Tuesday, including pushing back against concerns that the “economy is on the cusp of running too hot” ...more
2/24/2021
/ Amazon Marketplace ,
Audits ,
Bitcoin ,
Bonds ,
Capital Markets ,
Corruption ,
Cryptocurrency ,
Ether ,
Federal Reserve ,
GameStop ,
Gender Discrimination ,
Interest Rate Adjustments ,
McDonalds ,
PricewaterhouseCoopers ,
Retaliation ,
Square ,
Stock Prices ,
Whistleblowers
NY AG Letitia James is suing Amazon, accusing the online retail giant “of not doing enough to protect workers in the state from the coronavirus” and calling its response to the pandemic “deficient.” ...more
2/17/2021
/ Accounting Fraud ,
Amazon Marketplace ,
Big Tech ,
Bitcoin ,
Bonds ,
Business Interruption ,
Capital Markets ,
Citibank ,
CMBS ,
Coronavirus/COVID-19 ,
Disney ,
E-Commerce ,
Enforcement Actions ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Newspapers ,
Securities and Exchange Commission (SEC) ,
Severe Weather ,
USAA ,
Wells Fargo ,
Whistleblowers ,
Wire Fraud ,
Workplace Safety
Tesla dropped an incredible $1.5 billion on bitcoin on Monday “and signaled its intent to begin accepting the cryptocurrency as a form of payment, sending prices to a record after the vote of confidence from the EV leader and...more
2/9/2021
/ Bitcoin ,
Bonds ,
Business Valuations ,
CBO Report ,
China ,
Commercial Bankruptcy ,
Digital Currency ,
Electronic Arts ,
Financial Markets ,
Gaming ,
Lyft ,
Minimum Wage ,
Popular ,
Reddit ,
Shopping Centers ,
Tesla ,
Uber ,
Wage and Hour
EU and British authorities unveiled new proposals this week to “crimp the power of ‘gatekeeper’ platforms like Amazon, Apple, Facebook, Google and Microsoft, which policymakers argue deserve more oversight given their outsize...more
12/16/2020
/ Amazon Marketplace ,
Apple ,
Bonds ,
Climate Change ,
Coronavirus/COVID-19 ,
Counterfeit Goods Regulation ,
Cyber Espionage ,
EU ,
Facebook ,
Federal Reserve ,
Financial Regulatory Reform ,
FOMC ,
Google ,
Hate Speech ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Internet Retailers ,
Investment Management ,
Legislative Agendas ,
Microsoft ,
Online Advertisements ,
Regulatory Violations ,
Relief Measures ,
Stock Markets ,
UK ,
Vanguard
Because too much of a good thing is always trouble (especially on Wall Street), market watchers are warning of a new tech bubble after Airbnb’s monster IPO on Thursday. The home-sharing app’s shares rose more than 112% to...more
12/11/2020
/ AirBnB ,
Amazon Marketplace ,
Antitrust Violations ,
Apple ,
Big Tech ,
Bitcoin ,
Bonds ,
Competition ,
Cookies ,
Coronavirus/COVID-19 ,
Data Privacy ,
Enforcement Actions ,
EU ,
European Central Bank ,
Facebook ,
Federal Trade Commission (FTC) ,
Financial Markets ,
Financial Services Industry ,
Financial Stimulus ,
France ,
Google ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
MassMutual ,
MasterCard ,
Online Platforms ,
Pornography ,
Trade Agreements ,
UK ,
UK Brexit ,
Unemployment ,
Visa Inc
The Justice Department on Wednesday announced an $8.3 billion settlement with Purdue Pharma as part of a deal in which the company will plead guilty to criminal charges “related to its marketing of the addictive painkiller”...more
10/22/2020
/ Aircraft ,
Antitrust Violations ,
Boeing ,
Bonds ,
Department of Justice (DOJ) ,
Drug & Alcohol Abuse ,
EU ,
Financial Stimulus ,
Foreign Investment ,
Google ,
Guilty Pleas ,
Legislative Agendas ,
Meat Processing Plants ,
Opioid ,
OSHA ,
Pain Management ,
Pharmaceutical Industry ,
Prescription Drugs ,
Profits ,
Purdue Pharma ,
Regulatory Oversight ,
Social Networks ,
Startups ,
Tesla
Big Friday win for Apple in its ongoing battle with Epic Games, as N.D. Cal. Federal Judge Yvonne Gonzalez Rogers ruled that Cook & Co. didn’t “need to reinstate the popular video game Fortnite in its App Store,” a blow to...more
10/12/2020
/ App Store ,
Apple ,
Bonds ,
British Airways ,
CEOs ,
Competition ,
Coronavirus/COVID-19 ,
Cyber Crimes ,
Economic Downturn ,
Electronic Trading ,
EPIC ,
EU ,
Federal Reserve ,
Financial Markets ,
Financial Services Industry ,
Fraud ,
Infectious Diseases ,
Investment ,
Layoffs ,
Main Street Lending Programs ,
Mobile Apps ,
Netflix ,
Payment Systems ,
Popular ,
Restaurant Industry ,
Retailers ,
Robinhood Financial ,
Securities and Exchange Commission (SEC) ,
Small Business ,
Venmo
Federal regulators—including the Federal Reserve and the OCC—have fined Citigroup $400 million over “longstanding” failures in the areas of risk management, data governance, and internal controls. In addition to the fine, the...more
10/8/2020
/ Agribusiness ,
Airlines ,
Amazon Marketplace ,
Anti-Competitive ,
Antitrust Violations ,
Big Tech ,
Bonds ,
Citigroup ,
Corporate Governance ,
Data Management ,
Department of Justice (DOJ) ,
E-Commerce ,
Federal Reserve ,
Financial Stimulus ,
FinTech ,
Information Governance ,
Initial Public Offering (IPO) ,
Internal Controls ,
Layoffs ,
Legislative Agendas ,
Meat Processing Plants ,
OCC ,
Popular ,
Poultry ,
Price-Fixing ,
Recovery Plans ,
Relief Measures ,
Retail Market ,
Risk Management ,
Stock Prices ,
TikTok ,
Trump Administration ,
Wells Fargo
New U.S. unemployment claims rose last week according to data released on Thursday, the latest sign that America’s recovery from the pandemic-induced recession is slowing—a “particularly worrisome” trend as cold-state...more
9/25/2020
/ Amazon Marketplace ,
BMW ,
Bonds ,
Capital Raising ,
Coronavirus/COVID-19 ,
Data Mining ,
Deutsche Bank ,
Economic Downturn ,
Financial Crimes ,
Financial Stimulus ,
FinCEN ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Layoffs ,
Legislative Agendas ,
Money Laundering ,
Recessions ,
Retail Sales ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Special Purpose Entities ,
TikTok ,
Trump Administration ,
Unemployment ,
Unemployment Benefits ,
White Collar Crimes
In a House Select Subcommittee meeting on Tuesday, Treasury Secretary Steven Mnuchin called for more Congressional action to provide coronavirus relief and promised a White House initiative to protect renters from eviction....more
9/2/2020
/ Algorithms ,
Arrest Warrants ,
Bonds ,
China ,
Coronavirus/COVID-19 ,
Dating Services ,
Diversity ,
EU ,
Eviction ,
Export Controls ,
Furloughs ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Market Manipulation ,
McDonalds ,
Mobile Apps ,
Mortgages ,
Offerings ,
Oil Prices ,
Race Discrimination ,
Refinancing ,
Relief Measures ,
Samsung ,
Secretary of the Treasury ,
South Korea ,
Tesla ,
TikTok ,
Unemployment
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
Fracking pioneer Chesapeake Energy has filed for bankruptcy, “unable to overcome a mountain of debt that became unsustainable after a decade of stubbornly low gas prices.” The company grew wildly in the early 2000s under...more
6/29/2020
/ Boeing ,
Bonds ,
Chapter 11 ,
China ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Facebook ,
Federal Reserve ,
Financial Markets ,
Fracking ,
National Security ,
Online Advertisements ,
Trade Relations
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
Podcasting megastar (and, for me, “News Radio” jack-of-all-trades) Joe Rogan has signed a multiyear deal to bring his “Joe Rogan Experience” show to Spotify, an agreement that “could be worth more than $100 million based on...more
5/22/2020
/ Apple ,
Automotive Loans ,
Bonds ,
Business Development ,
CARES Act ,
Contact Tracing ,
Coronavirus/COVID-19 ,
Credit Cards ,
Economic Downturn ,
Federal Reserve ,
Financial Distress ,
Financial Markets ,
Gig Economy ,
Google ,
Independent Contractors ,
Interest Rate Adjustments ,
Legislative Agendas ,
Loan Forgiveness ,
McDonalds ,
Meeting Minutes ,
Mobile Apps ,
Nissan ,
Paycheck Protection Program (PPP) ,
Podcasts ,
Software ,
Spotify ,
UK ,
Unemployment ,
Unions ,
United Airlines
California has sued ride-hailing companies Uber and Lyft over alleged violations of a new state law that requires companies to treat gig workers as employees “if they control how workers perform tasks or if the work is a...more
5/6/2020
/ AirBnB ,
Bonds ,
Class Action ,
Coronavirus/COVID-19 ,
Costco ,
Data Selling ,
Employee Definition ,
European Central Bank ,
FinTech ,
Food Supply ,
Germany ,
Gig Economy ,
Independent Contractors ,
Loan Forgiveness ,
Lyft ,
Misclassification ,
Navient ,
Personal Data ,
Private Equity ,
Relief Measures ,
Retail Market ,
Stock Exchange ,
Student Loans ,
Supply Chain ,
Uber ,
Venmo ,
Wendy's