A weeks long slide for Bitcoin and other cryptos turned into a “frenzied selloff” on Wednesday, crashing the digital currencies back to earth after what had been a pandemic year of impressive gains....more
5/20/2021
/ Bitcoin ,
Cryptocurrency ,
Electric Vehicles ,
Federal Reserve ,
Ford Motor ,
Generic Drugs ,
Hedge Funds ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Martin Shkreli ,
McDonalds ,
Pipelines ,
Ransomware
A mounting death toll (over 106 and counting) and fears of a coronavirus pandemic sent markets tumbling early on Monday and kicked off a selloff that continued all day....more
1/28/2020
/ 5G Network ,
Aerospace ,
Aluminum Sales ,
Amazon Marketplace ,
Antitrust Provisions ,
Antitrust Violations ,
Arbitrage ,
Arbitration ,
Arbitration Agreements ,
Automotive Industry ,
Boeing ,
China ,
Construction Project ,
Corporate Culture ,
Countrywide ,
Cyber Crimes ,
Driverless Cars ,
Drug Pricing ,
Economic Downturn ,
Electric Vehicles ,
Fashion Industry ,
Federal Trade Commission (FTC) ,
Financial Conduct Authority (FCA) ,
General Motors ,
Hackers ,
High Frequency Trading ,
Housing Market ,
Huawei ,
Infectious Diseases ,
Infrastructure ,
Jeff Bezos ,
Layoffs ,
Manufacturing Facilities ,
Marketing ,
Martin Shkreli ,
Motor Vehicles ,
National Security ,
NLRB ,
Pharmaceutical Industry ,
Prescription Drugs ,
Public Health ,
Saudi Arabia ,
Securities Transactions ,
Steel Industry ,
Supply Chain ,
Tariffs ,
Telecommunications ,
Trump Administration ,
UK ,
US Trade Policies ,
WhatsApp
T-Mobile chief and fan-of-magenta John Legere has announced that he’ll be stepping down in April at the end of his current contract. Legere will be succeeded by Mike Sievert, the carrier’s current president and COO....more
11/19/2019
/ Appeals ,
Big Tech ,
Bonds ,
Business Valuations ,
Capital Raising ,
CEOs ,
China ,
Competition ,
Consumer Financial Products ,
Controlling Stockholders ,
Cosmetics ,
Criminal Convictions ,
Emerging Growth Companies ,
Federal Reserve ,
Financial Institutions ,
Financial Services Industry ,
Hedge Funds ,
Initial Public Offering (IPO) ,
Interest Rates ,
Internet ,
Japan ,
Loans ,
Martin Shkreli ,
Mobile Apps ,
Mortgages ,
OCC ,
Personal Care Products ,
Pharmaceutical Industry ,
Popular ,
Predatory Lending ,
Proposed Rules ,
Public Comment ,
Resignation ,
Revenue Growth ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Social Media ,
SoftBank ,
Startups ,
Stock Markets ,
Stock Sale Agreements ,
T-Mobile ,
Text Messages ,
Yahoo!
The US and China agreed to resume trade talks after a 7-week hiatus, “averting for now an escalation of their multibillion-dollar tariff war that has roiled global markets and threatened the future of the world’s two largest...more
7/1/2019
/ Arbitration Agreements ,
Boeing ,
China ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Deportation ,
Deutsche Bank ,
Exports ,
Franchisee ,
Hospitality Industry ,
Immigration and Customs Enforcement (ICE) ,
Immigration Reform ,
Imports ,
Internships ,
Martin Shkreli ,
Non-Compete Agreements ,
Non-Disclosure Agreement ,
Pharmaceutical Industry ,
Semiconductors ,
Subway ,
Supply Chain ,
Tariffs ,
Theranos ,
Trade Relations ,
Trade Retaliation ,
Trade Wars ,
Trump Administration ,
Undocumented Immigrants ,
US Trade Policies ,
YouTube
The DOJ is considering joining its European counterparts in targeting Google for potential antitrust violations focused on Google’s “advertising practices and influence in the online advertising industry,” possibly including...more
6/3/2019
/ Amazon Marketplace ,
Antitrust Violations ,
Apartments ,
Apple ,
Biotechnology ,
China ,
Department of Justice (DOJ) ,
Facebook ,
Federal Reserve ,
Google ,
Imports ,
India ,
Inflation Adjustments ,
Influencers ,
Jeff Bezos ,
Johnson & Johnson ,
Martin Shkreli ,
Mesothelioma ,
Mexico ,
Online Advertisements ,
Punitive Damages ,
Real Estate Market ,
Regulatory Agenda ,
Search Engines ,
Tariffs ,
Trade Policy ,
Trade Relations ,
Trump Administration ,
Volkswagen
After the tragic crash of Ethiopian Airlines Flight 302 this weekend, Ethiopia, Indonesia, and China have moved to ground all flights on Boeing’s new 737 Max 8 planes until further notice. ...more
3/11/2019
/ Airlines ,
Aviation Industry ,
Board of Directors ,
Boeing ,
Commerzbank ,
Competition ,
Cryptocurrency ,
Deutsche Bank ,
Federal Reserve ,
Financial Fraud ,
General Electric ,
Interest Rate Adjustments ,
Job Creation ,
Martin Shkreli ,
Technology Sector ,
Unemployment ,
Wells Fargo
Jobs Report Friday! Here’s what to watch as you’re sorting through the numbers this morning....more
3/8/2019
/ AirBnB ,
China ,
Class Action ,
Consumer Financial Protection Bureau (CFPB) ,
Disney World ,
Economic Development ,
EU ,
European Central Bank ,
Financial Crisis ,
Foreign Trade Regulations ,
Hedge Funds ,
Job Creation ,
Libor ,
Martin Shkreli ,
Opioid ,
OxyContin ,
Payday Loans ,
Purdue Pharma ,
Rulemaking Process ,
Star Wars ,
UBS ,
Unemployment
The White House’s protectionist plan to impose roughly $60 billion in annual tariffs on Chinese imports went over like a lead balloon on Wall Street, sparking fears of a trade war, increased volatility, and unintended ripple...more
3/23/2018
/ Aluminum Sales ,
Amazon Marketplace ,
AT&T ,
Bitcoin ,
China ,
Class Action ,
Corporate Culture ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
Forex ,
Grocery Stores ,
HSBC ,
Imports ,
Infrastructure ,
Jeff Bezos ,
Martin Shkreli ,
National Security ,
Nike ,
Private Equity ,
RBS ,
Steel Industry ,
Tariffs ,
Trump Administration ,
US Trade Policies ,
Virtual Currency ,
Whole Foods
The Journal dropped something of a bomb on Friday with news that Goldman Sachs’ CEO Lloyd Blankfein is heading out the door as soon as the end of the year. If true, Goldman will likely look for his replacement within its...more
3/12/2018
/ Bitcoin ,
Blockchain ,
China ,
Class Action ,
Corporate Officers ,
Cryptocurrency ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Dow Chemical ,
Dropbox ,
DuPont ,
Goldman Sachs ,
Initial Public Offering (IPO) ,
Job Creation ,
Martin Shkreli ,
Pharmaceutical Industry ,
RMBS ,
Securities Fraud ,
Term Limits ,
Unemployment ,
Virtual Currency ,
Wells Fargo
The CFPB issued a no-action letter to Upstart Network this week that will allow the online lender to “continue using alternative credit data to evaluate borrowers in exchange for providing data to the federal consumer finance...more
9/15/2017
/ Alphabet Company ,
Banking Sector ,
Bitcoin ,
China ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Data Breach ,
Digital Currency ,
Equifax ,
Federal Trade Commission (FTC) ,
Initial Coin Offering (ICOs) ,
Insider Trading ,
Lyft ,
Martin Shkreli ,
No-Action Letters ,
SAC Capital ,
SoftBank ,
Trading Platforms ,
Uber
The White House announced its intention yesterday to blocked a China-backed investor from buying American semiconductor maker Lattice over national security concerns. The “rare move” could “signal more aggressive scrutiny of...more
9/15/2017
/ Banking Sector ,
Barclays ,
Bitcoin ,
Bonds ,
China ,
Class Action ,
Data Breach ,
Digital Currency ,
Equifax ,
FinTech ,
Initial Public Offering (IPO) ,
Martin Shkreli ,
Saudi Arabia ,
Securities Fraud
Is the SEC officially on record with a warning about the viability of unregulated ICOs? It is. Is that stopping start-ups from creating and selling new virtual currencies at a torrid pace? It is not....more
8/8/2017
/ Automotive Industry ,
Bank of New York (BNY) Mellon ,
Blockchain ,
Capital Raising ,
Cross-Selling ,
Distributed Ledger Technology (DLT) ,
Fannie Mae ,
Fraud ,
Freddie Mac ,
Initial Coin Offering (ICOs) ,
Libor ,
Martin Shkreli ,
Puerto Rico ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Stress Tests ,
Tesla ,
Token Sales ,
Virtual Currency ,
Wells Fargo ,
White Collar Crimes
Lack of workable replacement (so far, at least) be damned—the UK’s Financial Conduct Authority has announced that [the scandal-plagued] Libor will be phased out by 2021 in favor of “transaction-based benchmarks”....more
7/27/2017
/ Banking Sector ,
Bonds ,
Digital Currency ,
Diversity ,
Earnings Reports ,
Economic Development ,
Facebook ,
Fiduciary Rule ,
Financial Conduct Authority (FCA) ,
Gender Equity ,
Initial Coin Offering (ICOs) ,
Libor ,
Martin Shkreli ,
Online Advertisements ,
Pharmaceutical Industry ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Social Media ,
U.S. Treasury ,
UK ,
Wall Street
The Fed’s Open Markets Committee meets today, and despite relatively robust economic numbers of late, the lack of oped-for inflation (among other things) is likely to keep the Fed from moving on interest rates again at this...more
7/25/2017
/ Bitcoin ,
CFTC ,
Commercial Bankruptcy ,
Commercial Loans ,
Digital Currency ,
Elon Musk ,
Federal Reserve ,
Financial Institutions ,
Fraud ,
High-Speed Rail ,
Interest Rate Adjustments ,
Martin Shkreli ,
Pharmaceutical Industry ,
PNC ,
Prescription Drugs ,
Regulatory Agencies ,
Regulatory Oversight ,
Samsung ,
Trade Options ,
Transportation Industry ,
WebMD
Vanguard CEO William McNabb announced plans yesterday to step down, a big announcement for the mutual fund giant that finds itself “in the middle of one of the biggest growth spurts ever experienced by a large asset...more
7/14/2017
/ Arbitration ,
Arbitration Agreements ,
Class Action ,
Class Action Arbitration Waivers ,
Consumer Financial Protection Bureau (CFPB) ,
DraftKings ,
FanDuel ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Goldman Sachs ,
Initial Public Offering (IPO) ,
Martin Shkreli ,
Mutual Funds ,
RBS ,
RMBS ,
Roku ,
Toshiba ,
UK
With politics swirling around in the background, the AT&T/Time Warner mega-merger is still up in the air, with DOJ antitrust officials still working away (8 months after the deal was announced) to determine whether...more
7/10/2017
/ Antitrust Provisions ,
AT&T ,
Banks ,
Berkshire Hathaway ,
Biometric Information ,
Conflicts of Interest ,
Department of Justice (DOJ) ,
Employee Benefits ,
Fiduciary Rule ,
Financial Institutions ,
FinTech ,
Investment Adviser ,
Martin Shkreli ,
Retirement Plan ,
Smartphones ,
Time Warner Cable ,
UK ,
UK Brexit
Call it the Loeb effect: just days after Third Point announced its sizeable stake in Nestle, the company is preparing to spend billions on stock buybacks in an effort to create value for shareholders, hinting that it would...more
6/28/2017
/ Charter Communications ,
Comcast ,
Financial Institutions ,
Martin Shkreli ,
Nestle ,
Offerings ,
Pharmaceutical Industry ,
Puerto Rico ,
Sprint ,
Virgin Islands ,
Wireless Industry
European antitrust regulators have dropped a massive $2.7 billion fine on Google for allegedly “unfairly favoring some of its own search services over those of rivals”....more
6/27/2017
/ Activist Investors ,
Amtrak ,
Antitrust Violations ,
CalPERS ,
Charter Communications ,
Comcast ,
Commercial Bankruptcy ,
EU ,
Facial Recognition Technology ,
Google ,
Martin Shkreli ,
Nestle ,
Search Engines ,
Search Rankings ,
Sprint ,
Takata ,
Telecommunications ,
Wireless Industry
The US’s biggest banks had a good day yesterday on news that they “breezed through” the first phase of the Federal Reserve’s annual stress tests—a good sign that they “have enough capital to withstand the type of financial...more
6/23/2017
/ American Airlines ,
Aviation Industry ,
Banking Sector ,
Deutsche Bank ,
Financial Markets ,
Libor ,
Loans ,
Martin Shkreli ,
Morgan Stanley ,
Pharmaceutical Industry ,
Qatar ,
Sharing Economy ,
Stress Tests ,
Trading Platforms ,
Uber
Jobs report Friday again. Here are the 5 Things the Journal told you to watch – WSJ (and NYTimes)...
The Upshot’s not saying that a 2016 recession is inevitable, but if it does happen, this may be the path that takes us...more
In what would be the largest acquisition of a foreign corporation ever, state-owned ChemChina is nearing a deal to purchase Switzerland’s Syngenta (besting US-based Monsanto’s overtures to do the same). The deal could help...more
Tough news for UK prosecutors yesterday, with a jury fully acquitting all 6 former brokers of Libor manipulation charges for their work with Tom Hayes – NYTimes and WSJ and Law360...
The Fed wrapped up its January...more
Quick recap: another Monday, another rough start to a trading week in what’s turned into an ugly pattern for the year – WSJ...
Which, coupled with more pessimism about the Chinese economy, helped drive stocks down in...more
Remember that oil spill on the markets from yesterday? We’re heading into Exxon Valdez territory here, even with a late-day rally on Wall Street that helped somewhat stem monumental losses – NYTimes...
The Upshot’s...more
Oil spilled all over global markets again today, halting another short-lived stretch of stability – WSJ...
Just months after refusing to take up the contentious Newman appeal that regulators and traders alike hoped would...more