Tesla delivered $3.3 billion in profits during the first three months of 2022, a massive increase from the sub-$500M figure during the same period a year before. Still, the company also told investors on Wednesday that “it...more
A bipartisan coalition of state attorneys general from 10 states has “opened an investigation into Meta, the company formerly known as Facebook, for promoting its social media app Instagram while knowing of mental and...more
11/19/2021
/ Artificial Intelligence ,
Automotive Industry ,
CVS ,
Cyber Attacks ,
Cybersecurity ,
Facebook ,
Financial Markets ,
Ford Motor ,
Instagram ,
OCC ,
Semiconductors ,
Startups ,
Tesla
Ford Motors has hired a new senior exec in an effort to further the company’s push into e-vehicles. Doug Field formerly ran Apple’s “secretive car project,” and his “departure could be a blow to Apple’s auto ambitions, which...more
9/8/2021
/ Automotive Industry ,
Bitcoin ,
Criminal Prosecution ,
El Salvador ,
Electric Vehicles ,
Financial Markets ,
Ford Motor ,
PayPal ,
Price Inflation ,
Startups ,
T-Mobile ,
Toyota ,
Unemployment Benefits
Electric truck-maker Lordstown (that “aimed to revive a shuttered General Motors factory in Ohio”) revealed this week in a regulatory filing that it does “not have enough cash to start commercial production of its electric...more
6/9/2021
/ Amazon Marketplace ,
Automotive Industry ,
Berkshire Hathaway ,
Carbon Emissions ,
Credit Cards ,
Electric Vehicles ,
Employee Incentive Plans ,
Foreign Currency ,
High Net-Worth ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
IRS ,
JPMorgan Chase ,
Online Banking ,
Renault-Nissan ,
Robinhood Financial ,
Startups ,
Tax Evasion
JPMorgan Chase has elevated two execs, Jennifer Piepszak and Marianne Lake, to top spots as joint heads of the firm’s “sprawling” consumer and community banking division ...more
5/19/2021
/ Automotive Industry ,
Bank of America ,
Connected Items ,
Corporate Culture ,
Deutsche Bank ,
Diversity and Inclusion Standards (D&I) ,
Energy Policy ,
Hertz ,
Infrastructure ,
Internet Memes ,
JPMorgan Chase ,
Marketing ,
Motor Vehicles ,
Software ,
Stock Prices
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!
A fiery, deadly Tesla crash outside of Houston over the weekend is prompting a federal probe of the company’s self-driving autonomous mode for “potential gaps in self-driving car technology.” ...more
4/20/2021
/ Amazon Marketplace ,
Argentina ,
Automotive Industry ,
Bailout ,
Car Accident ,
China ,
Coca Cola ,
Corporate Sales Transactions ,
Credit Suisse ,
Digital Media ,
Driverless Cars ,
Elon Musk ,
Financial Markets ,
Foreign Debt ,
High Risk Financial Products ,
IMF ,
Initial Public Offering (IPO) ,
JPMorgan Chase ,
Labor Relations ,
Merger Agreements ,
Netflix ,
Oprah Winfrey ,
Plant Based Products ,
Railways ,
Tesla ,
Unions
Consulting standard-bearer McKinsey & Co. will pay $573 million to resolve state investigations and allegations related to its role “in helping ‘turbocharge’ opioid sales, a rare instance of it being held publicly accountable...more
2/4/2021
/ Automotive Industry ,
Bitcoin ,
Cannabis Products ,
DaimlerChrysler ,
Deutsche Bank ,
Donald Trump ,
Enforcement Actions ,
Financial Markets ,
GameStop ,
General Motors ,
Google ,
Jazz Pharmaceuticals ,
MassMutual ,
Microchip Technology ,
Microsoft ,
Opioid ,
Pain Management ,
Pharmaceutical Industry ,
Prescription Drugs ,
Robinhood Financial ,
Semiconductors ,
Stock Prices ,
Stock Trades ,
Substance Abuse
General Motors announced on Thursday its ambitious plans to “phase out petroleum-powered cars and trucks and sell only vehicles that have zero tailpipe emissions by 2035, a seismic shift by one of the world’s largest...more
1/29/2021
/ American Airlines ,
Automotive Industry ,
Bitcoin ,
Coronavirus/COVID-19 ,
European Central Bank ,
Eurozone ,
Financial Markets ,
GameStop ,
GDP ,
General Motors ,
Huawei ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Motor Vehicles ,
Real Estate Investments ,
Robinhood Financial ,
Southwest Airlines ,
Stock Trades ,
Wall Street
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
Intel has ousted CEO Robert Swan “as the company faces pressure from an activist investor and grapples with the loss of leadership in producing ultrafast chips.” Swan had been at the helm since January 2019...more
1/14/2021
/ Airplane Accidents ,
Antitrust Violations ,
Auto Parts ,
Automotive Industry ,
BlackRock ,
Cargill ,
China ,
Cryptocurrency ,
Data Collection ,
Data-Sharing ,
Economic Growth ,
Facebook ,
Federal Trade Commission (FTC) ,
Google ,
Intel ,
Microchip Technology ,
Misappropriation ,
Mobile Apps ,
National Bank Charters ,
OCC ,
White Collar Crimes
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
In yet another blow to the suffering movie theater industry, Warner Bros. announced on Thursday that all of its 2021 release calendar—including “big-budget extravaganzas like ‘Dune’ and ‘The Matrix 4’”—will arrive...more
12/4/2020
/ Amazon Marketplace ,
Automotive Industry ,
Biden Administration ,
Capital One ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Exploration and Production Assets ,
Facebook ,
Foreign Workers ,
H-1B ,
Huawei ,
Infectious Diseases ,
Internet Streaming ,
Job Market ,
Lame Duck Session ,
Movies ,
Oil & Gas ,
OPEC ,
Paris Agreement ,
Podcasts ,
Russia ,
Ryanair ,
Senate Confirmation Hearings ,
Unemployment ,
Warner Brothers Entertainment
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
Volvo’s owner, Li Shufu, is mulling over a move to combine the carmaker with his publicly traded Geely Automobile Holdings—a play that would take Volvo public and “unify the bulk of billionaire Li’s growing stable of...more
2/10/2020
/ Aircraft ,
Airplane Accidents ,
Automotive Industry ,
Aviation Industry ,
Biometric Information ,
Biometric Information Privacy Act ,
Boeing ,
China ,
Class Action ,
Consumer Privacy Rights ,
Corporate Taxes ,
Cryptoassets ,
Cyber Attacks ,
Data Collection ,
Data Management ,
Facebook ,
Financial Markets ,
Financial Reporting ,
Ford Motor ,
Google ,
Infectious Diseases ,
Investment Fraud ,
IRS ,
Jeff Bezos ,
Municipalities ,
Ponzi Scheme ,
Ransomware ,
Risk Management ,
Safe Harbors ,
Settlement ,
Small Business ,
Software ,
Stock Prices ,
Stock Sale Agreements ,
UAW ,
Union Dues ,
Volvo ,
White Collar Crimes
It’s all coming up Elon these days for Tesla and its stock. “Positive developments” from the electric carmaker’s battery suppliers helped goose shares even higher, ending the day at $780/share—a nearly 20% gain since Friday....more
2/4/2020
/ #MeToo ,
Antitrust Provisions ,
Antitrust Violations ,
Automotive Industry ,
Bank of America ,
Bias ,
China ,
Citigroup ,
Competition ,
Conflicts of Interest ,
Corporate Culture ,
Department of Justice (DOJ) ,
Electric Vehicles ,
Elon Musk ,
EU ,
Fair Housing Act (FHA) ,
Federal Trade Commission (FTC) ,
Financial Markets ,
FinTech ,
Ford Motor ,
Fuel Efficiency ,
Gender-Based Pay Discrimination ,
Google ,
Infectious Diseases ,
Interest Rates ,
Merger Controls ,
National Emissions Standards ,
Oil & Gas ,
On-Demand Services ,
OPEC ,
Pay Gap ,
Personal Care Products ,
Popular ,
Public Health ,
Race Discrimination ,
Search Engines ,
Sex Discrimination ,
Sexual Harassment ,
Sharing Economy ,
Stock Prices ,
Supply and Demand ,
Tesla ,
Trade Relations ,
Trump Administration ,
Visa Inc ,
Voluntary Dismissals ,
Wells Fargo
In a week that’s already seen plenty of C-suite shakeups, we’ve learned that Ginni Rometty is stepping down from her role as CEO at IBM. The company’s cloud computing chief, Arvind Krishna, will take over for her, though...more
1/31/2020
/ Amazon Marketplace ,
Artificial Intelligence ,
Automotive Industry ,
Banking Regulators ,
Bench Trial ,
Board of Directors ,
C-Suite Executives ,
CEOs ,
China ,
Civil Monetary Penalty ,
Commercial Bankruptcy ,
Commodities ,
Deutsche Bank ,
Dodd-Frank ,
E-Commerce ,
Earnings Reports ,
Economic Growth ,
Emerging Markets ,
Ethicon ,
False Advertising ,
Fashion Industry ,
Federal Reserve ,
Financial Crisis ,
Financial Markets ,
Financial Regulatory Reform ,
GDP ,
Germany ,
Global Health Issues ,
Hedge Funds ,
IBM ,
Infectious Diseases ,
Internet Retailers ,
Johnson & Johnson ,
Life Sciences ,
Medical Devices ,
Pharmaceutical Industry ,
Popular ,
Private Equity ,
Public Health ,
Resignation ,
Retail Market ,
Robotics ,
Robots ,
UBS ,
Venture Capital ,
Volcker Rule ,
World Health Organization
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
Massachusetts has fined Chipotle $1.4 million as part of a settlement with the restaurant chain over accusations that “it routinely violated [state] labor laws, with authorities estimating more than 13,000 violations from...more
1/29/2020
/ 3M Company ,
Airbus ,
Automotive Industry ,
Aviation Industry ,
CBO Report ,
CEOs ,
Chipotle Grill ,
Criminal Prosecution ,
Debt Ceiling ,
Fashion Industry ,
Federal Reserve ,
Flash Crash ,
FOMC ,
Franchises ,
Interest Rate Adjustments ,
J Crew ,
Labor Law Violations ,
Layoffs ,
Lending ,
Renault-Nissan ,
Repossess ,
Restaurant Industry ,
Retailers ,
Settlement Agreements ,
Tax Cuts ,
Tax Reform ,
Victoria Secret
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
As it kicked off its 50th annual gathering today, the World Economic Forum in Davos is facing some hard questions—both about the state of the ideals it has long espoused (“open borders, liberal democracy and free borders,” to...more
1/21/2020
/ Amazon Marketplace ,
Artificial Intelligence ,
Automotive Industry ,
Aviation Industry ,
Banks ,
BlackRock ,
Boeing ,
Canada ,
Capital Markets ,
China ,
Citibank ,
Climate Change ,
Criminal Convictions ,
Criminal Prosecution ,
Electric Vehicles ,
Environmental Social & Governance (ESG) ,
EU ,
European Central Bank ,
Extradition ,
Facial Recognition Technology ,
Foreign Trade Regulations ,
Fraud ,
Global Economy ,
Huawei ,
IMF ,
India ,
Insider Trading ,
International Relations ,
Investment ,
Iran Sanctions ,
Jeff Bezos ,
Personally Identifiable Information ,
Regulatory Standards ,
Social Media ,
Telecommunications ,
Tesla ,
Transparency ,
World Economic Forum
Well, Phase One is official, thanks to a White House signing yesterday that included Chinese Vice Premier Liu He. With that act comes our first substantive look at the deal that’s been thus-far shrouded in secrecy. Some...more
1/16/2020
/ 1MDB ,
Amazon Marketplace ,
Automotive Industry ,
China ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Exports ,
Federal Reserve ,
Financial Markets ,
France ,
Goldman Sachs ,
Imports ,
India ,
Investment ,
Jeff Bezos ,
Libor ,
Malaysia ,
Mobile Apps ,
Nissan ,
Retail Market ,
Retailers ,
Revenue ,
Social Media ,
Sovereign Wealth Funds ,
Supply Chain ,
Target ,
Tariffs ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
Twitter ,
US Trade Policies ,
White Collar Crimes
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
A recap of Carlos Ghosn’s big media moment on Wednesday, which was short on the escape details everyone wanted to hear and long on accusations against other execs at Nissan and Japan’s justice system....more
1/9/2020
/ Automotive Industry ,
Barclays ,
Bonds ,
Borrowers ,
Community Reinvestment Act ,
Consumer Financial Products ,
Cybersecurity ,
Fannie Mae ,
FDIC ,
Fees ,
Freddie Mac ,
GrubHub ,
Investment ,
Investment Opportunities ,
Investors ,
Israel ,
Japan ,
Loans ,
Low-Income Issues ,
Mobile Apps ,
Motion to Dismiss ,
Nasdaq ,
Nissan ,
NYSE ,
OCC ,
On-Demand Services ,
Popular ,
Rate-Rigging ,
Restaurant Industry ,
Securities and Exchange Commission (SEC) ,
Securities Exchanges ,
Social Media ,
Stock Prices ,
Vulnerability Assessments
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