House leaders are out with a new Covid stimulus effort—slimmed down from earlier packages but, at $2.2 trillion, a sizeable proposal that they say “is needed to support American households and businesses still experiencing...more
9/29/2020
/ Airlines ,
Amazon Marketplace ,
Android ,
Anti-Competitive ,
Antitrust Provisions ,
App Store ,
Apple ,
Audi ,
CEOs ,
China ,
Coronavirus/COVID-19 ,
Diversity ,
EPIC ,
Federal Reserve ,
Financial Stimulus ,
Furloughs ,
Germany ,
Google ,
Google Play Store ,
Insider Trading ,
Mobile Apps ,
National Emissions Standards ,
Relief Measures ,
Search Engines ,
Securities and Exchange Commission (SEC) ,
United Airlines ,
US Trade Policies
JPMorgan is preparing to finalize a deal with federal prosecutors and regulators in which the bank would pay nearly $1 billion to “settle civil and criminal charges that its traders rigged futures and securities markets”...more
9/24/2020
/ App Store ,
Apple ,
Big Data ,
China ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
E-Commerce ,
Electric Vehicles ,
EPIC ,
Facebook ,
Financial Markets ,
Food Supply ,
Futures ,
Global Warming ,
Google ,
Infectious Diseases ,
JPMorgan Chase ,
Mars ,
Mobile Apps ,
Oracle ,
Race Discrimination ,
Race Relations ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
Spoofing ,
Spotify ,
Stock Prices ,
TikTok ,
Tinder ,
Trump Administration ,
Twitter ,
Wal-Mart ,
Wall Street ,
Wells Fargo
A World Trade Organization panel on Tuesday declared that the U.S.’s 2018 tariffs on China “violated international trade rules,” siding with China and its allegations that the White House’s trade war broke, among other...more
9/16/2020
/ Aluminum Sales ,
Anti-Competitive ,
Antitrust Violations ,
Apple ,
Canada ,
China ,
CMBS ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Facebook ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
FOMC ,
Heinz ,
Hotels ,
Infectious Diseases ,
Itt Educational Services ,
Kraft ,
Main Street Lending Programs ,
Mark Zuckerberg ,
Movie Theaters ,
Movies ,
Ponzi Scheme ,
Private Student Loans ,
Retaliatory Tariffs ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Trade Relations ,
Trump Administration ,
Unfair or Deceptive Trade Practices ,
US Trade Policies ,
WTO
Federal authorities are prepping to “reprimand Citigroup Inc. for failing to improve its risk-management systems—an expansive set of technology and procedures designed to detect problematic transactions, risky trades and...more
9/15/2020
/ Amazon Marketplace ,
Apple ,
Berkshire Hathaway ,
BNSF Railway ,
Citigroup ,
Electric Vehicles ,
Enforcement Actions ,
Facebook ,
Financial Transactions ,
Generic Drugs ,
Hiring & Firing ,
iPhone ,
Job Creation ,
Kodak ,
Layoffs ,
National Emissions Standards ,
National Security ,
Northern Ireland ,
Oracle ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
TikTok ,
TracFone Wireless ,
UK Brexit ,
Verizon ,
Volkswagen ,
Whistleblowers ,
Woman Board Members
Blaming a “U.S. move to impose tariffs on French goods,” luxury brand conglomerate LMVH is pulling out of a proposed $16 billion deal to buy jeweler Tiffany & Co. Tiffany is now suing to enforce the ill-fated agreement....more
9/9/2020
/ Activist Investors ,
Aircraft ,
Apple ,
Boeing ,
Breach of Contract ,
CARES Act ,
CFTC ,
Climate Change ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Department of Labor (DOL) ,
Disclosure Requirements ,
Electric Vehicles ,
EPIC ,
Fair Labor Standards Act (FLSA) ,
Federal Aviation Administration (FAA) ,
Federal Labor Laws ,
Financial Markets ,
Financial Stimulus ,
Form 13F ,
France ,
General Motors ,
Infectious Diseases ,
Interest Rates ,
iPhone ,
Joint Employers ,
JPMorgan Chase ,
Luxury Goods ,
Nasdaq ,
Popular ,
Retail Market ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Startups ,
Tariffs ,
Tiffany and Company ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
UK Brexit
Last Friday’s US Jobs Report saw unemployment fall to 8.4%, but the end of federal aid programs and a solid-but-not-gangbusters 1.4 million jobs gained in August leads many to fear a much worse employment picture ahead....more
9/9/2020
/ App Store ,
Apple ,
Big Tech ,
China ,
Coronavirus/COVID-19 ,
Diversity and Inclusion Standards (D&I) ,
Dominos ,
Employee Benefits ,
EPIC ,
Financial Markets ,
Infectious Diseases ,
Job Creation ,
Mobile Apps ,
Robotics ,
SoftBank ,
Stock Prices ,
TikTok ,
Trump Administration ,
UK Brexit ,
Unemployment
Still-new TIkTok CEO Kevin Mayer has stepped down, “just months after taking the helm of the viral short video app.” ByteDance had appointed Mayer in May in an effort “to make the case that TikTok operates as a separate...more
8/28/2020
/ Accredited Investors ,
Apple ,
Banks ,
Bitcoin ,
China ,
Consumer Privacy Rights ,
Coronavirus/COVID-19 ,
Data Collection ,
Data Mining ,
Disney ,
Economic Sanctions ,
Facebook ,
Federal Reserve ,
Ford Motor ,
Goods or Services ,
Hiring & Firing ,
Infectious Diseases ,
iPhone ,
Layoffs ,
Mark Zuckerberg ,
Mobile Apps ,
National Security ,
Online Advertisements ,
Remote Working ,
Salesforce ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Social Media ,
Telecommuting ,
TikTok ,
Trump Administration
American Airlines is pushing forward with plans to furlough 19,000 workers this fall, even as the airline industry lobbies a stalemated Congress for another multi-billion dollar bailout. That figure, “when combined with the...more
8/26/2020
/ Amazon Marketplace ,
American Airlines ,
Antitrust Violations ,
App Store ,
Apple ,
Appraisal ,
Auto Parts ,
Coronavirus/COVID-19 ,
Corporate Culture ,
Currency Manipulation ,
EPIC ,
FinTech ,
Forbearance Agreements ,
Foreign Currency ,
Generic Drugs ,
Hiring & Firing ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Layoffs ,
McDonalds ,
Mortgages ,
Pharmaceutical Industry ,
Settlement Agreements ,
Tariffs ,
Teva Pharmaceuticals ,
U.S. Treasury ,
Video Games ,
Vietnam
Despite an earlier White House promise to postpone, American and Chinese trade negotiators met via videoconference on Monday to discuss “the status of the trade deal both nations signed in January, a pact that continues to...more
8/26/2020
/ Amgen ,
Apple ,
China ,
Coronavirus/COVID-19 ,
Dow Jones ,
E-Commerce ,
EPIC ,
EU ,
Exxon Mobil ,
Federal Reserve ,
Financial Markets ,
Government Lockdown ,
Home Depot ,
Honeywell International ,
Infectious Diseases ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Layoffs ,
Life Sciences ,
Pfizer ,
Raytheon ,
Remote Learning ,
Retail Market ,
Salesforce ,
Stock Prices ,
Stock Splits ,
Supply and Demand ,
Supply Chain ,
Takeda Pharmaceuticals ,
Target ,
Trade Relations ,
Trump Administration ,
US Trade Policies ,
Video Games ,
Wal-Mart ,
Zoom®
More on TikTok’s plans to sue the U.S. over the White House’s recent executive orders seeking to block the app on American soil and force its owner, ByteDance, to sell its American assets. The company intends to argue that...more
8/24/2020
/ Agribusiness ,
Alphabet Company ,
Amazon Marketplace ,
Apple ,
China ,
Constitutional Challenges ,
Coronavirus/COVID-19 ,
Credit Suisse ,
Criminal Investigations ,
Data Collection ,
Executive Orders ,
Facebook ,
Farms ,
Federal Bans ,
Financial Crimes ,
Food Supply ,
Goldman Sachs ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Instant Messaging Apps ,
Layoffs ,
Mark Zuckerberg ,
Microsoft ,
Mobile Apps ,
Movie Theaters ,
National Security ,
Oil Prices ,
Personal Data ,
Private Equity Firms ,
Re-Opening Guidelines ,
Social Media ,
Supply and Demand ,
TikTok ,
Trump Administration ,
Unemployment ,
Wells Notice
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
Apple tipped the $2 trillion mark this week, the first U.S. company to reach that valuation milestone, doing so just 2 years after it first hit $1 trillion. That it’s done so in the middle of a pandemic only punctuates how...more
8/20/2020
/ AirBnB ,
Apple ,
Boycotts ,
Business Valuations ,
CFTC ,
Coronavirus/COVID-19 ,
Employment Policies ,
Enforcement Actions ,
Federal Reserve ,
Financial Markets ,
Gig Economy ,
Goodyear ,
Independent Contractors ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Investment ,
Johnson & Johnson ,
Lyft ,
Momenta ,
Oracle ,
Pharmaceutical Industry ,
Political Expression ,
Popular ,
Robinhood Financial ,
Sharing Economy ,
Spoofing ,
State Labor Laws ,
TikTok ,
Trump Administration ,
Uber ,
Unemployment Benefits
The White House has “doubled down” on its recent actions against TikTok by “formally giving ByteDance, the Chinese owner of the popular video-sharing app, 90 days to divest from its American assets and any data that TikTok...more
8/18/2020
/ Advertising ,
App Store ,
Apple ,
Bailout ,
Boeing ,
China ,
Commodities ,
Competitive Bidding ,
Coronavirus/COVID-19 ,
Criminal Investigations ,
Data Management ,
Divestment ,
Economic Downturn ,
EPIC ,
General Data Protection Regulation (GDPR) ,
Home Depot ,
Infectious Diseases ,
Investment ,
Japan ,
Mobile Apps ,
NASA ,
National Security ,
Oracle ,
Personal Data ,
Rare Earth Metals ,
Retail Market ,
Retail Sales ,
Salesforce ,
Social Media ,
TikTok ,
Trump Administration
Apple has removed spectacularly popular video game Fortnite from its App Store after accusing maker Epic Games of violating App Store Guidelines. Specifically, Epic has been encouraging users to make app payments directly to...more
8/14/2020
/ AIG ,
App Store ,
Apple ,
Coronavirus/COVID-19 ,
DaimlerChrysler ,
Hertz ,
Mercedes-Benz ,
Mobile Apps ,
Monopolization ,
Motor Vehicles ,
National Emissions Standards ,
Oracle ,
Pay Discrimination ,
Restaurant Industry ,
Retail Market ,
Retail Sales ,
Retaliation ,
Secretary of Labor ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
SoftBank ,
U.S. Commerce Department ,
Unemployment ,
Video Games
Big win for Qualcomm this week, with a 9th Circuit panel reversing an antitrust verdict against the company that “had threatened the chip maker’s business model.” The appellate court, in flipping the district court’s ruling,...more
8/12/2020
/ Anticompetitive Behavior ,
Antitrust Provisions ,
Apple ,
Artificial Intelligence ,
Coronavirus/COVID-19 ,
Criminal Prosecution ,
Data Collection ,
Facial Recognition Technology ,
First Amendment ,
General Motors ,
Goldman Sachs ,
Google ,
Judicial Proceedings ,
Microchip Technology ,
Mobile Apps ,
Moderna Inc. ,
Patent Infringement ,
Patent Litigation ,
Pharmaceutical Industry ,
Pinterest ,
Qualcomm ,
Restaurant Industry ,
Retailers ,
Sex Discrimination ,
Stocks ,
Telecommunications ,
Tesla ,
Theranos ,
TikTok ,
Vaccinations ,
Web Tracking ,
Wireless Technology
Following recent histrionics from the White House, ByteDance, “the Chinese internet giant that owns TikTok, has offered to sell all of the popular video app’s American operations as a way to save the business from being...more
8/4/2020
/ 7-Eleven ,
Airlines ,
Apple ,
Chapter 11 ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
EU ,
Facebook ,
FinTech ,
Foreign Currency ,
Gas Stations ,
GDP ,
Hate Speech ,
Hertz ,
iPhone ,
Layoffs ,
Lord & Taylor ,
Microsoft ,
Mobile Apps ,
Mobile Payments ,
Online Advertisements ,
Payment Processors ,
Permanent Bans ,
Popular ,
Race Relations ,
Reputational Injury ,
Rupert Murdoch ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Startups ,
Tesla ,
TikTok ,
Trump Administration ,
Valeant
Much more on what to expect from Big Tech’s “Big Tobacco Moment” on the Hill today, at which Google, Amazon, Facebook, and Apple’s CEOs will endeavor to make the case that their massive companies don’t “stifle rivals and...more
7/30/2020
/ Amazon Marketplace ,
Anti-Competitive ,
Apple ,
Campaign Finance Reform ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Defense Production Act ,
Facebook ,
Federal Loans ,
Federal Reserve ,
FOMC ,
Goldman Sachs ,
Google ,
Kodak ,
Lyft ,
National Security ,
Pharmaceutical Industry ,
Remote Learning ,
Securities and Exchange Commission (SEC) ,
Uber ,
Unemployment Benefits
The latest quarterly reporting shows that America’s biggest banks—among them, JPMorgan, Citigroup, and Wells Fargo—are taking self-imposed hits now in anticipation of a “wave of loan losses” later. Those three are...more
7/16/2020
/ Anti-Competitive ,
Antitrust Investigations ,
Apple ,
Automotive Industry ,
Boeing ,
Citigroup ,
Coronavirus/COVID-19 ,
Data Collection ,
Data Sellers ,
Default ,
Dodd-Frank ,
Economic Downturn ,
Electric Vehicles ,
EU ,
Google ,
Independent Contractors ,
Inflation Adjustments ,
Ireland ,
JPMorgan Chase ,
Loans ,
Lyft ,
Mobile Apps ,
Popular ,
Retail Market ,
Tax Liability ,
Uber ,
Wage and Hour ,
Wells Fargo ,
YouTube
After weeks of “backlash over a lack of transparency,” the Treasury Department has agreed to make public information detailing “borrower information for recipients of millions of small-business loans through the $660 billion...more
6/22/2020
/ Apple ,
CARES Act ,
Cayman Islands ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Donald Trump ,
Equipment Failure ,
Extortion ,
Federal Prosecutors ,
FinTech ,
Intel ,
Microchip Technology ,
Paycheck Protection Program (PPP) ,
PG&E ,
Resignation ,
Trump Administration ,
Wildfires
On Monday, the Supreme Court delivered a surprising and monumental win for LGBTQ and transgender Americans, ruling 6-3 that the Civil Rights Act of 1964 applies to protect “gay and transgender workers from workplace...more
6/16/2020
/ 24-Hour Fitness ,
Altitude Express Inc v Zarda ,
Amazon Marketplace ,
App Store ,
Apple ,
Bond Markets ,
Bostock v Clayton County Georgia ,
BP ,
Chapter 11 ,
Civil Rights Act ,
Coronavirus/COVID-19 ,
Cyber-Stalking ,
Data Collection ,
eBay ,
EEOC v RG & GR Harris Funeral Homes ,
Employer Liability Issues ,
EU ,
Federal Reserve ,
Gender Identity ,
Hiring & Firing ,
LGBTQ ,
Oil & Gas ,
SCOTUS ,
Senate Banking Committee ,
Sex Discrimination ,
Sexual Orientation ,
Sexual Orientation Discrimination ,
Title VII ,
Transgender
Rising infection rates around the U.S. and the globe are worrying markets, as fear of a second wave of cases linked with the reopening of the economy freaks out traders....more
6/15/2020
/ Amazon Marketplace ,
American Express ,
Apple ,
China ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Corporate Culture ,
Employer Liability Issues ,
Facebook ,
Federal Reserve ,
Financial Crimes ,
Financial Markets ,
Financial Services Industry ,
Foreign Currency ,
Google ,
Hertz ,
Liability ,
Microsoft ,
Nissan ,
Payment Processors ,
PayPal ,
Race Relations ,
Recessions ,
Recovery Plans ,
Small Business ,
Social Distancing ,
Square ,
Unemployment
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
The PPP is again flush with cash but also full of problems. Yesterday, that took the form of a Small Business Administration’s system for processing loan applications crashing within the first hours that the program reopened....more
4/29/2020
/ Affordable Care Act ,
Apple ,
CARES Act ,
Coronavirus/COVID-19 ,
EU ,
Federal Loans ,
Federal Reserve ,
Food Supply ,
Foreign Investment ,
HSBC ,
iPhone ,
Loans ,
Oil Prices ,
Paycheck Protection Program (PPP) ,
Re-Opening Guidelines ,
Relief Measures ,
Saudi Arabia ,
SCOTUS ,
Sovereign Wealth Funds
New numbers out this week show that retail sales fell 8.7% in March, a staggering figure that still “doesn’t capture the full impact of the sudden economic freeze on the retail industry.” The decline was “by far the largest...more
The pandemic is bringing rivals Apple and Google together in an effort to develop a system for “tracking through Bluetooth technology the contacts of those who have tested positive for COVID-19, a method the tech giants...more
4/13/2020
/ Amazon Marketplace ,
Apple ,
Business Closures ,
Class Action ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Department of Labor (DOL) ,
Economic Downturn ,
Exploration and Production Assets ,
Facebook ,
Farms ,
Financial Markets ,
Google ,
Instagram ,
Oil & Gas ,
OPEC ,
Restaurant Industry ,
Russia ,
Saudi Arabia ,
School Closures ,
Supply Chain ,
Tariffs ,
Telecommuting ,
Trading Policies ,
Unemployment Benefits