Tesla CEO Elon Musk moved this week in SDNY federal court to “scrap a settlement he reached with securities regulators in 2018 that required some of his tweets to be preapproved, a condition that has fomented an ongoing...more
3/9/2022
/ Apple ,
COPPA ,
Elon Musk ,
Federal Trade Commission (FTC) ,
Financial Markets ,
Free Speech ,
Oil Prices ,
Russia ,
Securities and Exchange Commission (SEC) ,
Tesla ,
Twitter ,
UK
Despite the reemergence of inflation and bubbles as the concerns-of-the-day that caused markets to quiver their way to a 3-month low yesterday, Fed officials remained committed to their “wait and see” strategy on removing...more
5/12/2021
/ Antitrust Violations ,
App Store ,
Apple ,
Artificial Intelligence ,
Bankruptcy Court ,
Biden Administration ,
Census ,
CFTC ,
Chapter 11 ,
China ,
Clean Energy ,
Commercial Bankruptcy ,
Consumer Price Index ,
Criminal Investigations ,
Deutsche Bank ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Google ,
Inflation Adjustments ,
Job Creation ,
Legislative Agendas ,
Mobile Apps ,
NRA ,
OCC ,
Renewable Energy ,
Sales Commissions ,
True Lender ,
UK ,
Unemployment ,
Whistleblower Awards
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
Recently troubled SoftBank-backed financing firm Greensill Capital has filed for bankruptcy protection in Britain, just weeks after its insurer “refused . . . to renew its coverage for the company’s loans” ...more
3/9/2021
/ Artificial Intelligence ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Fast-Food Industry ,
Financial Crisis ,
Financial Markets ,
FinTech ,
First Amendment ,
Free Speech ,
Infectious Diseases ,
Social Media ,
Twitter ,
UK
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
Google has threatened to pull its search engine from the entirety of the Australian continent “if the government approved legislation that would force tech companies to pay for journalism shared on their platforms.” Facebook...more
1/22/2021
/ Alphabet Company ,
Australia ,
Automotive Industry ,
Big Tech ,
Bitcoin ,
Churches ,
Embezzlement ,
Facebook ,
Google ,
Housing Market ,
Internet ,
Janet Yellen ,
Journalism ,
Layoffs ,
London Stock Exchange ,
Money Laundering ,
Nasdaq ,
Search Engines ,
Stock Prices ,
UK ,
Unemployment ,
Wall Street ,
Websites ,
White Collar Crimes
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
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
Pittsburgh-based PNC Financial Services Group has reached a deal worth some $11.6 billion to buy the U.S. operations of BBVA, a Spanish lender. The mash-up, “one of the biggest banking deals since the 2008 financial crisis,”...more
11/16/2020
/ Administrative Resignation ,
Asia Pacific ,
Bank of England ,
Barclays ,
Berkshire Hathaway ,
Biden Administration ,
Coronavirus/COVID-19 ,
Cross-Selling ,
Data Breach ,
Data Protection Authority ,
DoorDash ,
Event Tickets ,
Financial Institutions ,
Free Trade Agreements ,
Infectious Diseases ,
Moderna Inc. ,
Operation Warp Speed ,
Personal Data ,
Pfizer ,
PNC ,
Presidential Appointments ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
Share Buybacks ,
Student Loans ,
UK ,
Vaccinations ,
Wells Fargo ,
White Collar Crimes
ConocoPhillips is doubling down on its commitment to the Midland basin by buying Concho Resources Inc. in “an all-stock transaction valued at $9.7 billion,” even “as the American shale-drilling industry is facing a downturn...more
10/19/2020
/ 5G Network ,
Amazon Marketplace ,
Apple ,
British Airways ,
China ,
ConocoPhillips ,
Coronavirus/COVID-19 ,
Cyber Attacks ,
Data Breach ,
Deficit Reduction ,
E-Commerce ,
Export Controls ,
Financial Markets ,
Infectious Diseases ,
Information Commissioner's Office (ICO) ,
Initial Public Offering (IPO) ,
iPhone ,
National Security ,
Oil & Gas ,
Oracle ,
PACs ,
Political Campaigns ,
Popular ,
Recovery Plans ,
Social Networks ,
SoftBank ,
Special Purpose Acquisition Companies (SPACs) ,
Stock Prices ,
TikTok ,
Trump Administration ,
UK
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
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
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
The Treasury Department announced on Monday that the U.S. budget deficit hit a new record in June–$864 billion—“as the federal government continued pumping money into the economy to prop up workers and businesses affected by...more
7/14/2020
/ Business Closures ,
Business Travel ,
China ,
Comcast ,
Coronavirus/COVID-19 ,
Deficit Reduction ,
Elon Musk ,
Government Lockdown ,
Huawei ,
Securities Litigation ,
SoftBank ,
Tesla ,
UK
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
Go ahead and put Tuesday, March 11th in the history books. The same day the WHO declared the COVID-19 outbreak as an official pandemic, the US stock market’s 11-year bull run officially came to an end, with the Dow closing...more
3/12/2020
/ Activist Investors ,
Boeing ,
China ,
Coronavirus/COVID-19 ,
Crisis Management ,
Dow Jones ,
eBay ,
Economic Downturn ,
Emergency Response ,
Exploration and Production Assets ,
FedEx ,
Financial Markets ,
Fine Art ,
Futures ,
Infectious Diseases ,
Instagram ,
IRS ,
Museums ,
Oil & Gas ,
Oil Prices ,
Public Health ,
Relief Measures ,
Russia ,
S&P ,
Saudi Arabia ,
Stock Prices ,
Tax Reform ,
Trump Administration ,
UK
UK regulators are probing ties between disgraced financier Jeffrey Epstein and Barclays CEO Jes Staley. The bank’s board is so far standing 100% with Staley, who has expressed “regret” over his relationship with Epstein....more
2/13/2020
/ Aircraft ,
Amazon Marketplace ,
Android ,
Barclays ,
Boeing ,
CEOs ,
Child Abuse ,
Commercial Bankruptcy ,
Corporate Misconduct ,
Cryptocurrency ,
Facebook ,
Fear of Harm ,
Federal Reserve ,
Fraud ,
Google ,
Government Investigations ,
Jeff Bezos ,
Nissan ,
OFCOM ,
Popular ,
Regulatory Agenda ,
Safe Harbors ,
Securities and Exchange Commission (SEC) ,
Senate Confirmation Hearings ,
Sexual Harassment ,
Smartphones ,
Sprint ,
Startups ,
Stock Sale Agreements ,
T-Mobile ,
Telecommunications ,
Terrorist Acts ,
Theranos ,
UK ,
Wireless Industry ,
Wireless Technology
Facebook has agreed to pay $550 million to resolve a class-action lawsuit claiming that Zuck & Co.’s use of facial recognition technology violated Illinois’ biometric privacy law. Though the settlement is little more than “a...more
1/30/2020
/ Airplane Accidents ,
Apple ,
Automotive Industry ,
Aviation Industry ,
Biometric Information ,
Biometric Information Privacy Act ,
Boeing ,
Broadcom ,
Canada ,
Class Action ,
Community Reinvestment Act ,
Consumer Financial Products ,
Data Collection ,
Data Privacy ,
Department of Transportation (DOT) ,
Electronic Data Transmissions ,
EU ,
European Parliament ,
Facebook ,
Facial Recognition Technology ,
FDIC ,
Federal Aviation Administration (FAA) ,
Federal Reserve ,
Financial Markets ,
Financial Regulatory Reform ,
Free Trade Agreements ,
Interest Rate Adjustments ,
Interest Rates ,
iPhone ,
Loans ,
Low-Income Issues ,
Mexico ,
Microchip Technology ,
OCC ,
Patent Infringement ,
Personal Data ,
Personally Identifiable Information ,
Popular ,
Pyramid Schemes ,
Quarterly Report ,
Smartphones ,
Social Media ,
Southwest Airlines ,
Statutory Violations ,
Stock Prices ,
Tesla ,
UK ,
UK Brexit ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies ,
Wifi ,
Withdrawal Agreement
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
Boeing has again pushed back the return of its flawed 737Max model, revealing yesterday that it doesn’t expect regulators to sign-off on their return to the air until at least summer....more
1/22/2020
/ Agribusiness ,
Aviation Industry ,
Bailout ,
Boeing ,
Brazil ,
Business Valuations ,
China ,
Citibank ,
Criminal Prosecution ,
Dams ,
EU ,
Farms ,
Flood Insurance ,
Foreign Relations ,
France ,
Homicide ,
Manufacturers ,
Mining ,
Non-Disclosure Agreement ,
OCC ,
Popular ,
Startups ,
Tariffs ,
Trade Wars ,
UK ,
UK Brexit ,
Unicorns ,
US Trade Policies
Sunday’s release of a long-awaited Labor Department final rule on joint employment spells trouble for workers hoping to “sue large companies for wrongdoing by contractors or franchisees.” The rule reverses Obama-era policies...more
1/13/2020
/ Aircraft ,
Airplane Accidents ,
Alphabet Company ,
Automotive Industry ,
Bench Trial ,
Boeing ,
CEOs ,
Class Action ,
Climate Change ,
Controlling Employer ,
Corporate Culture ,
Cybersecurity ,
Damages ,
Electric Vehicles ,
Electronic Medical Records ,
Employer Liability Issues ,
Executive Compensation ,
Exxon Mobil ,
Fair Labor Standards Act (FLSA) ,
Financial Conduct Authority (FCA) ,
FinTech ,
Franchisee ,
Franchises ,
Franchisors ,
General Motors ,
Google ,
Initial Public Offering (IPO) ,
Innovative Technology ,
Internal Communications ,
Investment Fraud ,
Joint Employers ,
Labor Law Violations ,
Nissan ,
Oil & Gas ,
Online Banking ,
Patent Infringement ,
Patent Litigation ,
Patents ,
Resignation ,
Risk Management ,
Sexual Harassment ,
Socially Responsible Investments ,
Software ,
Startups ,
UK ,
USAA ,
Vulnerability Assessments ,
Wage and Hour ,
Wells Fargo ,
Workplace Romances
Hackers who targeted airport currency exchange mainstay Travelex in a ransomware attack on New Year’s Eve have alerted British media that they possess 5 GB of sensitive customer data from the company “since gaining access to...more
1/10/2020
/ Aircraft Equipment ,
Airplane Accidents ,
Airports ,
Bailout ,
Barclays ,
Boeing ,
China ,
Cross-Border Transactions ,
Currency Exchange ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Economic Growth ,
EU ,
Exports ,
Failure to Comply ,
Financial Markets ,
Financial Transactions ,
Foreign Exchanges ,
Foreign Relations ,
Forex ,
Goldman Sachs ,
GrubHub ,
Hackers ,
Imports ,
Information Governance ,
Information Technology ,
Insurance Industry ,
Interest Rate Adjustments ,
Interest Rates ,
Internal Communications ,
Iran ,
Job Creation ,
Jobs Report ,
Legislative Agendas ,
Lloyds Banking Group ,
Mergers ,
Mining ,
On-Demand Services ,
Pending Legislation ,
Popular ,
Ransomware ,
Retail Banks ,
Revenue ,
Stock Prices ,
Tariffs ,
Trade Negotiations ,
Trade Relations ,
UK ,
UK Brexit ,
Unemployment ,
US Trade Policies ,
Wages
Oil jumped for a second straight day, with futures near $70/barrel as fallout from the U.S.’s drone-strike assassination of Iran’s Qassem Soleimani continues to raise “the prospect of disruptions in the world’s most important...more
1/6/2020
/ Agribusiness ,
Agricultural Sector ,
Assassinations ,
Automotive Industry ,
Bankruptcy Plans ,
Beverage Manufacturers ,
Capital Gains ,
CFTC ,
Commercial Bankruptcy ,
Commodities ,
Corporate Culture ,
Cyber Attacks ,
Data Breach ,
Drones ,
Economic Downturn ,
Economic Growth ,
Exports ,
Farms ,
Financial Markets ,
Food Manufacturers ,
Gag Orders ,
Hospitality Industry ,
Hotels ,
Immigration Procedures ,
Imports ,
Interest Rate Adjustments ,
Interest Rates ,
Iran ,
Japan ,
Kraft ,
London Stock Exchange ,
Manufacturers ,
Market Manipulation ,
Nissan ,
Oil & Gas ,
Oil Prices ,
Popular ,
Settlement Agreements ,
SoftBank ,
Startups ,
Tariffs ,
Tax Cuts and Jobs Act ,
Tax Reform ,
Trump Administration ,
UK ,
US Trade Policies ,
White Collar Crimes
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