Prompted by concerns over privacy, “government investigation, a class-action lawsuit and regulatory woes,” Facebook is planning to “shut down its decade-old facial recognition system this month, deleting the face scan data of...more
11/4/2021
/ Apple ,
China ,
Data Collection ,
Department of Justice (DOJ) ,
Dow Jones ,
Facebook ,
Facial Recognition Technology ,
Financial Markets ,
John Deere ,
NLRB ,
S&P ,
Tesla ,
Yahoo! ,
Zillow
It didn’t come as a feature of the big Berkshire Hathaway shareholder extravaganza over the weekend, but Mr. Buffett made news nonetheless by revealing in an interview with CNBC that Gregory Abel ...more
5/4/2021
/ Acquisition Agreements ,
AOL ,
Apple ,
Automotive Industry ,
Berkshire Hathaway ,
Construction Project ,
Economic Downturn ,
Enforcement Actions ,
EPIC ,
Failure To Disclose ,
Federal Reserve ,
LA Times ,
Securities and Exchange Commission (SEC) ,
Supply Chain ,
Verizon ,
Yahoo!
The Fed’s Open Market Committee meeting broke yesterday leaving rates at near-zero and pledging to “continue buying government-backed bonds at a steady pace as it tries to support the economy’s recovery from the coronavirus...more
4/29/2021
/ Administrative Appointments ,
Administrative Resignation ,
AOL ,
Apple ,
Biden Administration ,
Big Tech ,
Chipotle Grill ,
Earnings Reports ,
Economic Growth ,
Elon Musk ,
Exxon Mobil ,
Facebook ,
Federal Reserve ,
Ford Motor ,
Human Rights ,
Interest Rate Adjustments ,
Labor Law Violations ,
Legislative Agendas ,
Microchip Technology ,
Recovery Plans ,
Securities and Exchange Commission (SEC) ,
Supply Chain ,
Verizon ,
Work Schedules ,
Yahoo!
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!
Amazingly, April’s gone and it’s Jobs Report Friday again. Here’s what to look for in the numbers – Bloomberg and NYTimes and WSJ...more
5/4/2019
/ Bonds ,
Bribery ,
Brick-and-Mortar Stores ,
Capital Raising ,
Criminal Convictions ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Federal Reserve ,
Initial Public Offering (IPO) ,
Libor ,
Money Laundering ,
Opioid ,
Pharmaceutical Industry ,
Presidential Nominations ,
Racketeering ,
Swiss Banks ,
Tesla ,
Trump Administration ,
Tumblr ,
UBS ,
Yahoo!
Prime Minister Theresa May has proven herself to be a remarkably good political survivor in the face of tall odds, but even she will have a difficult time this time around. Members of her own Tory party have called for a...more
12/12/2018
/ AOL ,
Banks ,
China ,
Elder Abuse ,
Enforcement Actions ,
Extradition ,
Federal Trade Commission (FTC) ,
Financial Markets ,
Foreign Relations ,
Google ,
Huawei ,
Infrastructure ,
Internet Streaming ,
Living Will ,
Net Neutrality ,
Netflix ,
Real Estate Investments ,
Regulatory Oversight ,
Scams ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Trade Relations ,
UK Brexit ,
US Trade Policies ,
Verizon ,
Yahoo!
On second thought, Wall Street does have some questions about the specifics of the pause in the trade war that apparently emerged from the G-20 sidelines this weekend. And when Wall Street has questions—well, not a banner...more
12/5/2018
/ Amazon Marketplace ,
Antitrust Violations ,
AOL ,
Automotive Industry ,
Benchmarks ,
Class Action ,
Consumer Financial Products ,
COPPA ,
E-Commerce ,
EU ,
Financial Markets ,
Financial Services Industry ,
France ,
G20 ,
Gas Taxes ,
Germany ,
Higher Education Act ,
Imports ,
Loan Forgiveness ,
MasterCard ,
Navient ,
Online Advertisements ,
Preemption ,
Protests ,
Student Loans ,
Takeda Pharmaceuticals ,
Tariffs ,
Trade Relations ,
Transaction Fees ,
U.S. Treasury ,
UK ,
UK Brexit ,
US Trade Policies ,
USPS ,
Verizon ,
Wall Street ,
Yahoo!
Markets around the world took a beating yesterday amidst concerns about steel tariffs and other rising commodity costs, an economic slowdown in China, and brewing trouble in the EU. US stocks rallied by the end of the day to...more
10/24/2018
/ American Express ,
Budgets ,
Capital One ,
China ,
Class Action ,
Commercial Bankruptcy ,
Commodities ,
Data Breach ,
EU ,
Financial Markets ,
Financial Services Industry ,
Foreign Exchanges ,
Italy ,
Money Laundering ,
OCC ,
Sears ,
Steel Industry ,
Strict Compliance ,
Tariffs ,
Yahoo!
Following yesterday’s US/Mexico trade announcement, Canada’s wasting little time in getting back to the table with the US on revised Nafta talks...more
8/29/2018
/ Bonds ,
Canada ,
Community Reinvestment Act ,
Cross-Border Transactions ,
Data Collection ,
Exports ,
Federal Reserve ,
Foreign Relations ,
Free Trade Agreements ,
Imports ,
Insider Trading ,
Low-Income Issues ,
Mexico ,
Moody's ,
NAFTA ,
OCC ,
Securities and Exchange Commission (SEC) ,
Senate Confirmation Hearings ,
Trade Relations ,
Trump Administration ,
US Trade Policies ,
White Collar Crimes ,
Yahoo!
The Commerce Department on Thursday announced a deal with China that will see the US lift stringent American sanctions on telecom giant ZTE in exchange for ZTE’s payment of a $1 billion fine and allowing the US to “more...more
6/8/2018
/ Alibaba ,
Banking Examinations ,
China ,
Commerzbank ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Deutsche Bank ,
Director Mulvaney ,
Economic Sanctions ,
Layoffs ,
McDonalds ,
OCC ,
PHH Corp. v CFPB ,
Stock Sale Agreements ,
Tax Cuts and Jobs Act ,
Tax Reform ,
Telecommunications ,
U.S. Commerce Department ,
Yahoo! ,
ZTE
A scary combination of rising bond yields (across the 3% Rubicon!) and a warning from Caterpillar (which called its expectation-beating performance for Q1 the “high watermark for the year”) helped propel stocks significantly...more
4/25/2018
/ Bitcoin ,
Comcast ,
Cybersecurity ,
Data Breach ,
Dun & Bradstreet ,
European Commission ,
Financial Regulatory Reform ,
Fines ,
Foreign Corrupt Practices Act (FCPA) ,
Hackers ,
High Yield Bonds ,
Regulatory Violations ,
Securities and Exchange Commission (SEC) ,
Stock Prices ,
Subprime Mortgages ,
Telecommunications ,
Wells Fargo ,
White Collar Crimes ,
Yahoo!
Yahoo—via new parent Verizon Communications—has officially tripled its estimate of the number of accounts affected by its 2013 cyber hack, putting the total at a staggering 3 billion (aka, all of them)....more
10/5/2017
/ Activist Investors ,
Administrative Appointments ,
Automotive Industry ,
Canada ,
Corporate Culture ,
Data Breach ,
Electric Vehicles ,
Employee Benefits ,
Equifax ,
Federal Reserve ,
Financial Markets ,
Gas Stations ,
Hackers ,
Moody's ,
Nestle ,
Public Pension ,
Technology Sector ,
Verizon ,
Warren Buffett ,
Yahoo!
Uber made it official today, announcing that controversial CEO Travis Kalanick will be taking an indefinite leave of absence, though even the announcement and board commentary that followed seemed to highlight the “bad-boy...more
6/14/2017
/ AOL ,
Bonds ,
Cartels ,
Chrysler ,
Consumer Lenders ,
Currency Exchange ,
Fiat ,
Financial Institutions ,
Financial Markets ,
Forex ,
General Electric ,
Interest Rate Adjustments ,
LendingClub ,
Market Manipulation ,
National Emissions Standards ,
Online Marketplace Lending ,
Social Media ,
Telecommunications ,
Uber ,
UK ,
Verizon ,
Yahoo!
Navient Corp., facing CFPB allegations that it didn’t live up to its promises of helping its 12 million customers manage their loans, now has a two-faced problem after a recently filed motion to dismiss in which it argued...more
4/4/2017
/ AOL ,
Automotive Industry ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Credit Suisse ,
Criminal Conspiracy ,
Electric Vehicles ,
Financial Institutions ,
Forfeiture ,
Initial Public Offering (IPO) ,
Navient ,
Tax Evasion ,
Technology Sector ,
Tesla ,
Voting Rights ,
Wells Fargo ,
Whistleblowers ,
White Collar Crimes ,
Yahoo!
Financial transaction provider Euronet Worldwide’s made an unsolicited bid to acquire MoneyGram for about $1 billion in cash, throwing a wrench into Ant Financial’s plan to use MG as a way to break into the US market and...more
3/15/2017
/ Article 50 Treaty of the EU ,
EU ,
Fiduciary Duty ,
Fiduciary Rule ,
Financial Institutions ,
Hackers ,
Indictments ,
Interest Rates ,
Investment Adviser ,
SIFMA ,
Stock Markets ,
UK ,
UK Brexit ,
Yahoo!
Bill Ackman, not known for giving up easily, is finally throwing in the towel on Valeant (even after taking a board seat at the company) and cutting his losses after a failed “two-year bet that lost about $4 billion for his...more
3/14/2017
/ Automotive Industry ,
Chamber of Commerce ,
Department of Labor (DOL) ,
Driverless Cars ,
Fiduciary Duty ,
Fiduciary Rule ,
Financial Institutions ,
Golden Parachutes ,
Intel ,
Investment Adviser ,
JPMorgan Chase ,
Marissa Mayer ,
Pharmaceutical Industry ,
Retirement ,
RMBS ,
Stock Exchange ,
Technology Sector ,
Toshiba ,
Valeant ,
Verizon ,
Yahoo!
After months of anticipation, yesterday was finally official Snap IPO day. And despite losses of more than $500 million last year, the company saw willing investors flock to buy the $17 shares, pushing Snap’s valuation to...more
3/2/2017
/ Capital Raising ,
Data Breach ,
Department of Labor (DOL) ,
Dow Jones ,
Fiduciary Duty ,
Fiduciary Rule ,
Financial Institutions ,
Financial Markets ,
Hedge Funds ,
Initial Public Offering (IPO) ,
Insider Trading ,
Investment Adviser ,
Securities and Exchange Commission (SEC) ,
Snapchat ,
Social Media ,
SoftBank ,
Wells Fargo ,
Yahoo!
Shareholders have accused Under Armour of “concealing the impact” of Sports Authority’s bankruptcy from investors in order to artificially inflate its stock price. The suit comes on the heels of a disastrous Q4 for UA, in...more
2/21/2017
/ Arbitration ,
Bribery ,
Capital Raising ,
Climate Change ,
Commercial Bankruptcy ,
Department of Labor (DOL) ,
EU ,
Fiduciary Rule ,
Financial Institutions ,
Financial Markets ,
Financial Regulatory Reform ,
Food Manufacturers ,
Heinz ,
Initial Public Offering (IPO) ,
Investment Adviser ,
Investors ,
Kraft ,
Member State ,
Merger Agreements ,
Public Offerings ,
Referendums ,
Regulatory Oversight ,
Samsung ,
Search Engines ,
Securities Violations ,
Shareholders ,
Snapchat ,
Social Media ,
Sports Authority ,
Stock Prices ,
Telecommunications ,
UK ,
UK Brexit ,
Unilever ,
Verizon ,
White Collar Crimes ,
Yahoo!
We had a pretty good inkling this was coming. Yahoo and Verizon are reportedly nearing a new deal, with Y! knocking something close to $300 million off of the sale price to ensure that Verizon will still go through with the...more
2/16/2017
/ Banking Sector ,
Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Financial Institutions ,
Initial Public Offering (IPO) ,
Merger Agreements ,
Mortgages ,
Public Offerings ,
Snapchat ,
Social Media ,
Social Networks ,
Verizon ,
Yahoo!
Judge John Bates of the US District Court for DC has blocked a proposed $37 billion mega-health-care-merger between Aetna and Humana, one of 2 major deals before the courts opposed by the Obama-era DOJ over antitrust...more
1/24/2017
/ Aetna ,
Antitrust Provisions ,
Automotive Industry ,
Automotive Loans ,
Citigroup ,
Consumer Financial Protection Bureau (CFPB) ,
Data Breach ,
Department of Justice (DOJ) ,
EU ,
Financial Institutions ,
FinTech ,
Ford Motor ,
Healthcare ,
Humana ,
Investment Banks ,
Loans ,
Member State ,
Mergers ,
Money Market Funds ,
Mortgage Servicers ,
Mortgages ,
Online Marketplace Lending ,
Referendums ,
Search Engines ,
Securities and Exchange Commission (SEC) ,
Technology ,
Telecommunications ,
UK ,
UK Brexit ,
Verizon ,
Yahoo!
JPMorgan and other asset managers are pushing hard for a new type of ETF that “mimics active strategies but keeps its investments secret.” The concept hasn’t yet been embraced by the SEC, though the heavy-hitters looking to...more
1/23/2017
/ Acquisitions ,
Consumer Financial Products ,
Data Breach ,
EFTs ,
Federal Student Loans ,
Financial Institutions ,
Financial Markets ,
Initial Public Offering (IPO) ,
Investment ,
JPMorgan Chase ,
Loans ,
Mergers ,
Mortgage Lenders ,
Mortgages ,
Navient ,
Quicken Loans ,
Reporting Requirements ,
Search Engines ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Snapchat ,
Social Media ,
Telecommunications ,
Verizon ,
Yahoo!
The Depository Trust & Clearing Corporation—the company that “serves as the back end for much Wall Street trading”—has announced a big step forward in the embrace of blockchain technology to track and report transactions. IBM...more
1/10/2017
/ Banks ,
Bitcoin ,
Blockchain ,
Civil Monetary Penalty ,
Digital Currency ,
Economic Development ,
Enforcement Actions ,
Financial Institutions ,
Financial Markets ,
HSBC ,
Mortgage Servicers ,
Mortgages ,
OCC ,
Securities and Exchange Commission (SEC) ,
Virtual Currency ,
Wall Street ,
White Collar Crimes ,
Yahoo!
Rupert Murdoch and 21st Century Fox have fulfilled a mission derailed five years ago by a UK phone hacking scandal and have taken full control of British satellite TV giant Sky. Fox paid just shy of $15 billion to acquire the...more
12/16/2016
/ Acquisitions ,
Antitrust Provisions ,
Financial Institutions ,
Financial Markets ,
Generic Drugs ,
Mylan Pharmaceuticals ,
Pharmaceutical Industry ,
Price-Fixing ,
Rupert Murdoch ,
Solar Energy ,
Solar Panels ,
Stocks ,
Television Service Providers ,
Teva Pharmaceuticals ,
Twentieth Century Fox ,
UK ,
Yahoo!
As anticipated, the Fed raised its benchmark interest yesterday (for only the second time since the 2008 financial crisis) to somewhere between .5 and .75 percent and, perhaps more critically, revealed its expectation for...more
12/15/2016
/ Amazon Marketplace ,
Automotive Loans ,
Consumer Lenders ,
Credit Cards ,
Data Breach ,
Deutsche Bank ,
Exxon Mobil ,
FHFA ,
Financial Institutions ,
Goldman Sachs ,
Interest Rate Adjustments ,
Kraft ,
Mergers ,
Morgan Stanley ,
Personally Identifiable Information ,
RMBS ,
Verizon ,
Yahoo!
Veteran’s Day in the US means Singles Day in China, the world’s biggest shopping day and a major test for Alibaba to keep growing on the day it helped invent....more
11/11/2016
/ Acquisitions ,
Alibaba ,
China ,
Cybersecurity ,
Dodd-Frank ,
Fiduciary Duty ,
Fiduciary Rule ,
Financial Institutions ,
JPMorgan Chase ,
Mergers ,
Merrill Lynch ,
Presidential Elections ,
Presidential Nominations ,
Retirement Plan ,
Sales Commissions ,
Trump Administration ,
Verizon ,
Wells Fargo ,
Yahoo!