Meta has reached a deal with federal authorities in which the Facebook parent will “adopt new online advertising practices” aimed at resolving allegations that its online ads “discriminated against users by race, gender and...more
California’s Department of Fair Employment and Housing has filed a state court action against Tesla that alleges “racial discrimination and harassment at the electric-vehicle maker[‘s]” Fremont factory, the company’s...more
Markets fell again on Friday after the November jobs report failed to hit predicted marks. Still, the news wasn’t all bad, as the numbers also showed that the country’s unemployment rate dropped and “the overall participation...more
The inflation train continued its runaway pace in October, with the CPI rising 6.2%—the “sharpest increase” since 1990. The news is challenging politically for the administration but also for policymakers at the Fed, who are...more
11/11/2021
/ Americans with Disabilities Act (ADA) ,
Boeing ,
Department of Justice (DOJ) ,
Disney ,
Elon Musk ,
Financial Markets ,
Initial Public Offering (IPO) ,
Price Inflation ,
Securities and Exchange Commission (SEC) ,
Tesla ,
Uber
Jobs Report Friday again! And this one should be a doozy, as we look for what a wave of recent strikes, increased competition for workers, and millions of workers reconsidering career paths will mean for the numbers...more
11/5/2021
/ AT&T ,
Coronavirus/COVID-19 ,
Facebook ,
Financial Markets ,
Initial Public Offering (IPO) ,
Instagram ,
Jeff Bezos ,
NASA ,
Oil Prices ,
Securities and Exchange Commission (SEC) ,
Theranos ,
Uber ,
Verizon
In welcome news for the Fed and anxious economists who have so-far stuck to their “transitory” inflation guns, Tuesday’s Department of Labor CPI release showed that “price increases for key products—like cars—were beginning...more
9/15/2021
/ Amazon ,
Apple ,
Artificial Intelligence ,
Cryptocurrency ,
Facebook ,
Financial Markets ,
FinTech ,
Instagram ,
Price Inflation ,
Special Purpose Acquisition Companies (SPACs) ,
Startups ,
Tax Haven ,
Uber ,
Whistleblowers
After years of protests, lobbying, and legal battles, TC Energy—the Canadian pipeline company behind the embattled Keystone XL pipeline project that “would have carried petroleum from Canadian tar sands to Nebraska”—announced...more
6/10/2021
/ Biden Administration ,
Bitcoin ,
Carbon Emissions ,
Cryptocurrency ,
FBI ,
GameStop ,
Gig Economy ,
High Net-Worth ,
Internet Memes ,
Keystone XL Pipeline ,
Lyft ,
Meat Processing Plants ,
Mobile Apps ,
National Security ,
Oil & Gas ,
Pipelines ,
Ransomware ,
Royal Dutch Petroleum ,
Securities and Exchange Commission (SEC) ,
Stock Prices ,
The Hague ,
TikTok ,
Uber ,
Wealth Tax
In a significant departure from decades of restrictive population management efforts, China’s ruling party will now permit couples to have three children—“ending a two-child policy that has failed to raise the country’s...more
6/1/2021
/ Acquisition Agreements ,
Amazon Marketplace ,
Anti-Money Laundering ,
Beverage Manufacturers ,
China ,
Coronavirus/COVID-19 ,
Deutsche Bank ,
Economic Development ,
Financial Services Industry ,
Infectious Diseases ,
Inflation Adjustments ,
Lyft ,
MGM ,
OECD ,
Open Source Software ,
Private Equity ,
Uber
A cyberattack over the weekend forced the shutdown of one of America’s largest pipelines for refined gas and jet fuel. Operator Colonial Pipeline revealed late Friday that it had “shut down its 5,500 miles of pipeline, which...more
5/10/2021
/ Alibaba ,
Amazon Marketplace ,
Barclays ,
Biden Administration ,
Cloud Computing ,
Critical Infrastructure Sectors ,
Cyber Attacks ,
Data Breach ,
Department of Defense (DOD) ,
DoorDash ,
E-Commerce ,
Federal Contractors ,
Hackers ,
Job Creation ,
Microsoft ,
Oil & Gas ,
Pipelines ,
Ransomware ,
Supply Chain ,
Uber ,
Unemployment
Peloton has recalled all of its treadmill models—the Tread+ and Tread—“less than a month after it fought the U.S. Consumer Product Safety Commission as it warned that dozens of injuries and one death of a child had been...more
5/6/2021
/ Biden Administration ,
Brokers ,
Cryptocurrency ,
Department of Labor (DOL) ,
Facebook ,
Financial Markets ,
Gig Economy ,
Independent Contractors ,
Intellectual Property Protection ,
Investment Management ,
Labor Reform ,
Labor Regulations ,
Pharmaceutical Patents ,
Product Defects ,
Product Recalls ,
Regulatory Agenda ,
Robinhood Financial ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Uber ,
Vaccinations
Mere days after Chinese regulators hit Jack Ma’s Alibaba with a staggering $2.8 billion antitrust fine, the e-commerce giant’s sister company, Ant Group, announced “that it would undertake a sweeping, government-ordered...more
4/13/2021
/ Alibaba ,
Artificial Intelligence ,
Biden Administration ,
China ,
Climate Change ,
Coinbase ,
Credit Suisse ,
Cryptocurrency ,
Currency Manipulation ,
Financial Markets ,
Foreign Exchanges ,
Infrastructure ,
Janet Yellen ,
Microsoft ,
Securities and Exchange Commission (SEC) ,
Semiconductors ,
Special Purpose Acquisition Companies (SPACs) ,
Supply Chain ,
Uber ,
Vaccinations
Uber will officially classify its British drivers, all 70,000 of them, as “workers” following a “major legal defeat” for the ride-hailing company in the British Supreme Court last month. The move entitles the drivers to “a...more
3/17/2021
/ Activist Investors ,
Alibaba ,
Employee Definition ,
Employer Liability Issues ,
FOMC ,
Gig Economy ,
Globalization ,
Google ,
Independent Contractors ,
Initial Public Offering (IPO) ,
Internships ,
JPMorgan Chase ,
Misclassification ,
Mobile Apps ,
On-Demand Services ,
Sales Commissions ,
Share Price ,
Social Media ,
Telecommunications ,
Uber ,
Wage and Hour
Britain’s Supreme Court dealt Uber a blow this morning when it ruled that “drivers must be classified as workers entitled to a minimum wage and vacation time.” The decision—a disaster for Uber in a dispute that reaches back...more
2/19/2021
/ Biden Administration ,
Bitcoin ,
Data Collection ,
Electric Vehicles ,
Employee Definition ,
Employer Liability Issues ,
ETFs ,
Facebook ,
GameStop ,
Gig Economy ,
Independent Contractors ,
International Labor Laws ,
Microchip Technology ,
Misclassification ,
Reddit ,
Robinhood Financial ,
Section 230 ,
Stock Trades ,
Supply Chain ,
Uber ,
UK ,
Unemployment ,
Volkswagen ,
Wage and Hour ,
Wal-Mart
In a much-anticipated [well, for some of us central bank nerds, at least] to the Economic Club of NY, Fed Chair Powell on Wednesday acknowledged that pent-up consumer demand unlocked by a big government stimulus package could...more
2/11/2021
/ Biden Administration ,
Business Losses ,
China ,
Citigroup ,
Coronavirus/COVID-19 ,
Corruption ,
Cryptocurrency ,
Dating Services ,
Federal Reserve ,
Fidelity Investments ,
Financial Markets ,
GameStop ,
General Motors ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Investment ,
Job Creation ,
Manufacturers ,
Merck ,
Robinhood Financial ,
Uber ,
Unemployment ,
Vaccinations ,
Vanguard
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
Seismic news out of Seattle yesterday, with Amazon founder and CEO informing employees that he’s stepping out of the top spot at the e-commerce giant this summer after a nearly 30-year run and transitioning “into the role of...more
2/3/2021
/ Aluminum Sales ,
Amazon Marketplace ,
Automobile Recall ,
Biden Administration ,
CEOs ,
Chrysler ,
Coronavirus/COVID-19 ,
Federal Trade Commission (FTC) ,
Fiat ,
Financial Markets ,
Fuel Efficiency ,
GameStop ,
Google ,
Greenhouse Gas Emissions ,
Hormel ,
Infectious Diseases ,
Jeff Bezos ,
Kraft ,
Labor Law Violations ,
Relief Measures ,
Robinhood Financial ,
Stock Trades ,
Tariffs ,
Tesla ,
Tipped Employees ,
Tips ,
Toyota ,
Uber ,
United Arab Emirates (UAE)
The latest lame-duck Covid relief package proposal would trim about 150 billion dollars (and a number of key sticking points, including funds “to bolster state and local governments, and a temporary coronavirus liability...more
12/15/2020
/ Adidas ,
Algorithms ,
Amazon Marketplace ,
Antitrust Violations ,
Big Tech ,
Boeing ,
China ,
Coronavirus/COVID-19 ,
Data Collection ,
Data Protection ,
DoorDash ,
Facebook ,
Fannie Mae ,
Federal Trade Commission (FTC) ,
Financial Stimulus ,
Freddie Mac ,
Gender Discrimination ,
General Data Protection Regulation (GDPR) ,
Google ,
Infectious Diseases ,
Ireland ,
Manufacturing Defects ,
Pinterest ,
Public Utilities Commission ,
Reddit ,
Reebok ,
Relief Measures ,
Search Engines ,
Sexual Assault ,
Sexual Harassment ,
Snapchat ,
Social Media ,
Trade Wars ,
Twitter ,
U.S. Treasury ,
Uber ,
WhatsApp ,
YouTube
DoorDash is entering the public markets fray today with hopes of “cash[ing] in on the frenzy in initial public offerings” of late. The food-delivery company is expected to price shares “at the high end of or above its...more
12/9/2020
/ Aircraft ,
Antitrust Violations ,
Competition ,
Corporate Sales Transactions ,
Cyber Attacks ,
Cybersecurity ,
DoorDash ,
EU ,
Foreign Trade Regulations ,
Going-Private Transactions ,
Goldman Sachs ,
Initial Public Offering (IPO) ,
McDonalds ,
Movies ,
Procter & Gamble ,
Rebates ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Share Buybacks ,
SoftBank ,
Tariffs ,
Uber ,
UK ,
UK Brexit ,
Warner Brothers Entertainment
After an ill-fated multi-year effort to develop a self-driving car, Uber (which spent “hundreds of millions of dollars” on the project) is “handing the autonomous vehicle effort over to a Silicon Valley start-up”—Aurora—along...more
12/8/2020
/ Automotive Industry ,
Capital Raising ,
Common Stock ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Dish Network ,
Driverless Cars ,
Failure to Comply ,
Financial Services Industry ,
FTC Act ,
Infectious Diseases ,
Loan Modifications ,
MasterCard ,
Meat Processing Plants ,
Mortgage Servicers ,
Musical Sound Recordings ,
Pornography ,
Poultry ,
Price-Fixing ,
Settlement Agreements ,
Startups ,
Target ,
TCPA ,
Telemarketing ,
Tesla ,
Theranos ,
TikTok ,
Uber ,
Visa Inc
No dispute about this—election day was good for Uber, Lyft, and other businesses in California dependent on the gig economy, thanks to passage of Prop. 22, the ballot measure that exempts such companies from “having to treat...more
11/12/2020
/ Alibaba ,
Ballot Measures ,
E-Commerce ,
Employee Definition ,
Gig Economy ,
Independent Contractors ,
Initial Public Offering (IPO) ,
Kodak ,
Lyft ,
Misclassification ,
Nasdaq ,
Shenzhen Stock Exchange (SZSE) ,
State Labor Laws ,
Uber ,
Wage and Hour ,
Wells Fargo
A handful of tech’s biggest leaders—the CEOs of Facebook, Twitter, and Google, to be precise—descend upon the Hill today for a Senate Commerce Committee hearing on content monitoring and Section 230, the “slim and powerful...more
10/28/2020
/ Business Closures ,
Congressional Investigations & Hearings ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Economic Growth ,
Facebook ,
Financial Stimulus ,
GDP ,
General Data Protection Regulation (GDPR) ,
Google ,
Infectious Diseases ,
Instant Messaging Apps ,
Legislative Agendas ,
Mobile Apps ,
Netherlands ,
Tiffany and Company ,
Trump Administration ,
Twitter ,
U.S. Commerce Department ,
Uber ,
User-Generated Content ,
Visa Inc
A California appeals court has affirmed a lower court decision requiring Uber and Lyft to “treat their California drivers as employees, providing them with the benefits and wages they are entitled to under state labor law.”...more
10/23/2020
/ 1MDB ,
Amazon Marketplace ,
Anticompetitive Behavior ,
Antitrust Violations ,
Bayer ,
Bitcoin ,
Bonuses ,
CA Supreme Court ,
Clawbacks ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Employee Definition ,
Employer Liability Issues ,
Executive Compensation ,
Facebook ,
Federal Trade Commission (FTC) ,
Gig Economy ,
Goldman Sachs ,
Google ,
Independent Contractors ,
Infectious Diseases ,
Infrastructure ,
Lyft ,
Misclassification ,
Monopolization ,
Opioid ,
PayPal ,
Popular ,
Retail Market ,
Ridesharing ,
Right to Vote ,
Uber ,
Unemployment ,
Wage and Hour ,
Wal-Mart
Under the terms of a deal with the DOJ announced this week, JPMorgan will pay $920 million and sign on to a deferred prosecution agreement “to resolve charges that it had manipulated markets for U.S. government bonds and...more
9/30/2020
/ Airbus ,
Boeing ,
Chevron ,
Commercial Bankruptcy ,
ConocoPhillips ,
Coronavirus/COVID-19 ,
Deferred Prosecution Agreements ,
Disney ,
Duke Energy ,
E-Commerce ,
Enforcement Actions ,
EU ,
Exports ,
Financial Markets ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
JPMorgan Chase ,
Layoffs ,
Lyft ,
NYSE ,
Oil & Gas ,
Retail Market ,
Royal Dutch Petroleum ,
Seasonal Workers ,
Settlement Agreements ,
Spoofing ,
State Labor Laws ,
Target ,
Tariffs ,
Uber ,
Wage and Hour ,
Wal-Mart ,
WTO
A federal judge has delivered another win for TikTok over the weekend, temporarily blocking a White House ban “on new downloads of the video-sharing network, which would have gone into effect at 11:59 p.m. in Washington.” The...more
9/29/2020
/ Airplane Accidents ,
Alphabet Company ,
Amazon Marketplace ,
Boeing ,
Business Licenses ,
China ,
Commerzbank ,
Data Collection ,
Deutsche Bank ,
E-Commerce ,
eBay ,
Export Controls ,
Federal Reserve ,
Infrastructure ,
Interest Rates ,
Mobile Apps ,
National Security ,
Rare Earth Metals ,
Semiconductors ,
Sexual Harassment ,
Shareholder Litigation ,
Social Media ,
Spoofing ,
Tax Planning ,
TikTok ,
Trump Administration ,
Uber ,
UK ,
Wire Fraud
A state appeals court in California has preempted Uber and Lyft’s threatened state-wide shutdown over a new state law ordering them to reclassify their drivers as employees by “allowing them to continue operating [under their...more
8/21/2020
/ American Airlines ,
App Store ,
Apple ,
Bayer ,
Coronavirus/COVID-19 ,
Data Breach ,
Economic Growth ,
Employee Definition ,
EPIC ,
European Central Bank ,
Financial Stimulus ,
FinTech ,
General Electric ,
Generic Drugs ,
Independent Contractors ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
IRS ,
Kodak ,
Lyft ,
Medical Devices ,
Misclassification ,
Mobile Apps ,
Monsanto ,
Pharmaceutical Industry ,
Popular ,
Uber ,
Unemployment ,
Unemployment Benefits ,
W-2