The White House is reportedly extending the temporary license for some US businesses to work with Huawei, a move that would likely help smooth the way for trade negotiators between the US and China to see their way back to...more
8/19/2019
/ Banks ,
CFTC ,
China ,
Citibank ,
Commodities ,
Economic Downturn ,
EU ,
Financial Markets ,
Food Manufacturers ,
Foreign Adversaries ,
Germany ,
Huawei ,
Kraft ,
Motion for Sanctions ,
Price Manipulation ,
Quarterly Report ,
Recessions ,
Ridesharing ,
RMBS ,
S&P ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Settlement ,
SoftBank ,
Supply Chain ,
Telecommunications ,
Temporary Licenses ,
Trade Negotiations ,
Trade Wars ,
Trump Administration ,
Uber ,
Venture Capital
Hong Kong-based Cathay Pacific Airways CEO Rupert Hogg has resigned in order to “take responsibility” a week “after the carrier was rebuked by China for staff involvement in the anti-Beijing protests rocking Hong Kong.” Hogg...more
8/19/2019
/ Aviation Industry ,
Banks ,
Capital One ,
China ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Department of Labor (DOL) ,
Deregulation ,
Federal Contractors ,
Federal Reserve ,
Financial Crimes ,
Financial Markets ,
Government Investigations ,
Hackers ,
Hiring & Firing ,
Home Rule States ,
Interest Rate Adjustments ,
Labor Regulations ,
Marriott ,
Opioid ,
Personally Identifiable Information ,
Profits ,
Proposed Rules ,
Protests ,
Purdue Pharma ,
Religious Discrimination ,
Resignation ,
State Attorneys General ,
Stock Prices ,
Subpoenas ,
Trade Wars
In the internal battle between keeping China off balance and keeping Wall Street happy, the White House has decided once again to focus on the latter, walking back the latest tariff escalation by postponing promised...more
8/14/2019
/ Banks ,
CBS ,
China ,
Consumer Financial Products ,
Credit Scores ,
Criminal Prosecution ,
Data Management ,
Facebook ,
Fannie Mae ,
Freddie Mac ,
Generation Z ,
Imports ,
Instagram ,
Libor ,
Mortgages ,
Multidistrict Litigation ,
Supply Chain ,
Tariffs ,
Tax Evasion ,
Trade Relations ,
Trump Administration ,
US Trade Policies ,
Viacom
Les Wexner, the billionaire CEO of Victoria’s Secret and Bath & Body Works parent company L Brands, has accused his former money manager and confidant, Jeffrey Epstein, of misappropriating “vast sums of money” from Wexner and...more
8/8/2019
/ Amazon ,
America Invents Act ,
Banks ,
Bonds ,
Broadcom ,
China ,
Dodd-Frank ,
Federal Reserve ,
FedEx ,
Financial Crisis ,
Financial Markets ,
Foreign Currency ,
Government Agencies ,
Huawei ,
Misappropriation ,
Patent Trial and Appeal Board ,
Patents ,
Rating Agencies ,
Regulatory Oversight ,
Shipping ,
Symantec ,
Tariffs ,
Trade Wars ,
Trump Administration ,
Victoria Secret ,
Wall Street ,
Wealth Management ,
White Collar Crimes
The announcement itself isn’t a shock, but given the potential players, it’s headline-worthy anyway: the DOJ announced yesterday that it’s officially opening an antitrust probe into Big Tech companies and “whether they had...more
7/24/2019
/ Amazon Marketplace ,
Antitrust Investigations ,
Antitrust Provisions ,
Antitrust Violations ,
Banks ,
Big Tech ,
Bonds ,
China ,
DaimlerChrysler ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Financial Transactions ,
Initial Public Offering (IPO) ,
Interest Rates ,
Living Will ,
Money Laundering ,
Sharing Economy ,
Snapchat ,
Sprint ,
T-Mobile ,
Tariffs ,
Telecommunications ,
Trade Relations ,
US Trade Policies
We managed to miss Jobs Report Friday because of the holiday break, so here’s the lowdown on a very strong set of numbers—224,000 jobs added—and the seemingly incongruous market reaction to the good news (it’s all about the...more
Massive pharma news to start the day, with AbbVie announcing that it’s reached a deal to buy Allergan for roughly $63 billion. The tie-up is seen as giving AbbVie a “dominant position in the $8 billion-plus market for Botox...more
6/25/2019
/ AbbVie ,
Allergan Inc ,
Anti-Money Laundering ,
Antitrust Investigations ,
Bank Fraud ,
Banks ,
Bonds ,
Department of Justice (DOJ) ,
Deutsche Bank ,
EURIBOR ,
Federal Reserve ,
Google ,
HELOC ,
Initial Public Offering (IPO) ,
Interest Rates ,
Japan ,
Nissan ,
NYDFS ,
Oil & Gas ,
Opioid ,
Pipelines ,
RMBS ,
S&P ,
Teva Pharmaceuticals ,
UBS ,
White Collar Crimes
Good news for the country’s biggest banks, as the Fed confirmed on Friday that all “could weather an extreme market shock—including double-digit unemployment and a 50% U.S. stocks decline—and still have enough capital to...more
6/24/2019
/ Banks ,
Bitcoin ,
Caesars ,
Commercial Bankruptcy ,
Federal Reserve ,
Gaming ,
Guilty Pleas ,
Housing Market ,
Insider Trading ,
Interest Rate Adjustments ,
Musical Sound Recordings ,
Ponzi Scheme ,
SAC Capital ,
Stress Tests ,
Toys R Us ,
US v Newman ,
Vacated
We were pretty sure that the Fed would keep interest rates steady as it wrapped its Open Market Committee meetings yesterday, and Fed Chair Powell delivered on that expectation. He also admitted that the same lack of...more
5/3/2019
/ Acquisitions ,
Apple ,
Banks ,
Barclays ,
Cambridge Analytica ,
China ,
Credit Cards ,
Debt ,
Delinquent Borrowers ,
Derivative Suit ,
EU ,
Federal Reserve ,
Financial Services Industry ,
Interest Rates ,
Internet ,
Patent Litigation ,
Political Parties ,
Prime Minister ,
Qualcomm ,
Scandals ,
Secretary of Defense ,
Shareholder Litigation ,
Telecommunications ,
Transaction Fees ,
UK Brexit
As a mid-April blizzard again sucks all light (and life and hope) in the world away from us in the North, it feels like an awfully appropriate time to recognize the team of astronomers and other scientists (including Dr....more
4/11/2019
/ Administrative Appointments ,
Banks ,
Capital Raising ,
CFTC ,
Department of Justice (DOJ) ,
Economic Downturn ,
Federal Reserve ,
Financial Services Committee ,
FRB ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Lyft ,
Sharing Economy ,
Software Developers ,
Spoofing ,
Uber ,
UK Brexit
British Bank Standard Chartered agreed on Tuesday “to pay $1.1 billion to settle allegations by the authorities in the United States and Britain that it violated anti-money laundering laws and economic sanctions.” The...more
4/10/2019
/ Aircraft ,
Aircraft Sales ,
Banks ,
Bitcoin Mining ,
Boeing ,
China ,
Cryptocurrency ,
Economic Sanctions ,
Initial Public Offering (IPO) ,
Investment Opportunities ,
Money Laundering ,
Takeovers ,
Uber ,
UK Brexit ,
Wells Fargo ,
Wynn Resorts
Facebook revealed yesterday that “millions of user account passwords had been stored insecurely, potentially allowing employees to gain access to people’s accounts without their knowledge.” The company said it “had found no...more
3/22/2019
/ Amazon Marketplace ,
Banks ,
Beverage Manufacturers ,
Budweiser ,
Dilution ,
EU ,
Facebook ,
False Advertising ,
Fashion Industry ,
FDIC ,
Initial Public Offering (IPO) ,
Levi Strauss ,
Mortgages ,
No-Deal Brexit ,
Right to Privacy ,
RMBS ,
Startups ,
Theresa May ,
Trademarks ,
Unicorns ,
Wal-Mart
Just days after Facebook announced its shift to more private communications, the company’s chief product officer (and longtime Zuck inner-circler) Chris Cox and WhatsApp head Chris Daniels are both heading out the door,...more
3/15/2019
/ Asbestos ,
Asbestos Litigation ,
Banks ,
Canada ,
China ,
College Admissions ,
Enforcement Actions ,
Facebook ,
Foreign Currency ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Initial Public Offering (IPO) ,
Interest Rates ,
Investment Fraud ,
Johnson & Johnson ,
Manufacturers ,
Mesothelioma ,
National Emissions Standards ,
Personal Care Products ,
Privacy Concerns ,
Securities and Exchange Commission (SEC) ,
Social Media ,
UBS ,
UK ,
UK Brexit ,
Volkswagen
Federal regulators moved this week to “ease oversight of Wall Street firms by scaling back two major mechanisms that were imposed to scrutinize big financial companies in the wake of the financial crisis.” ...more
3/7/2019
/ Amazon Marketplace ,
Automotive Industry ,
Banks ,
Barclays ,
China ,
Constitutional Challenges ,
Deutsche Bank ,
Due Process ,
Electronic Communications ,
Elon Musk ,
Encryption ,
Facebook ,
Federal Reserve ,
Financial Crisis ,
HSBC ,
Huawei ,
Libor ,
NCUA ,
NDAA ,
Pop-Up Stores ,
Privacy Concerns ,
Regulatory Burden ,
Regulatory Oversight ,
Short-Term Loans ,
Stress Tests ,
Too Big to Fail ,
Trade Deficit ,
Volcker Rule ,
Wall Street ,
Wireless Industry
Kraft Heinz dropped a double-whammy on investors on Thursday, announcing a $15 billion charge against its Kraft and Oscar Mayer brands and revealing news of an SEC subpoena related to the company’s accounting practices....more
2/22/2019
/ 5G Network ,
Accounting Fraud ,
Asbestos ,
Baby Products ,
Banks ,
Canada ,
Cancer ,
Case Consolidation ,
China ,
Class Action Arbitration Waivers ,
Consumer Financial Protection Bureau (CFPB) ,
Criminal Investigations ,
Danske Bank ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Financial Crimes ,
Ford Motor ,
Google ,
Heinz ,
Huawei ,
Initial Public Offering (IPO) ,
Johnson & Johnson ,
Kraft ,
Mesothelioma ,
Money Laundering ,
Mortgage Servicers ,
National Emissions Standards ,
Pinterest ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Sexual Harassment ,
Standard Chartered Bank ,
Tariffs ,
Toxic Exposure ,
US Trade Policies
Qatar and ExxonMobil are teaming up on a $10 billion natural gas investment plan in Texas and America’s growing status as an LNG exporting power....more
2/6/2019
/ Banks ,
Barclays ,
Benchmarks ,
Canada ,
Cartels ,
China ,
Commodities ,
Crypto Exchanges ,
Digital Currency ,
Energy Market ,
Energy Projects ,
EURIBOR ,
Exxon Mobil ,
Federal Reserve ,
Goldman Sachs ,
Liquid Natural Gas ,
Market Manipulation ,
Nasdaq ,
Oil & Gas ,
Oil Prices ,
OPEC ,
Proxy Advisory Firms ,
Proxy Voting Guidelines ,
Publicly-Traded Companies ,
Qatar ,
Russia ,
Saudi Arabia ,
Securities and Exchange Commission (SEC) ,
Stress Tests ,
Transparency ,
Unemployment
Once again, it’s Jobs Report Friday. Here’s some things to keep in mind as you review the numbers...more
2/1/2019
/ Amazon Marketplace ,
Apple ,
Automotive Industry ,
Banks ,
Cartels ,
China ,
Cloud Computing ,
Criminal Prosecution ,
EU ,
Facebook ,
Government Bonds ,
Huawei ,
Interest Rate Adjustments ,
Iran Sanctions ,
Job Creation ,
Mobile Apps ,
No-Deal Brexit ,
Smartphones ,
T-Mobile ,
Tariffs ,
Trade Relations ,
Trade Secrets ,
Trump Administration ,
Unemployment ,
US Trade Policies
PM May will live to fight another day after surviving Wednesday’s no-confidence vote. But her prospects of getting the controversial Brexit plan through the UK parliament are still poor, at best....more
12/13/2018
/ Apple ,
Banks ,
China ,
Commerzbank ,
Data Breach ,
Deregulation ,
Deutsche Bank ,
Farm Bill ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Germany ,
Initial Public Offering (IPO) ,
Insider Trading ,
Marriott ,
Pending Legislation ,
Stock Prices ,
Trade Relations ,
UBS ,
UK Brexit
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!
Unbowed by personal attacks from the White House, Fed Chair Jerome Powell delivered remarks to the Economic Club of New York on Wednesday that markets used as an excuse to jump nearly 600 points by the closing bell. ...more
11/29/2018
/ Bank of England ,
Banks ,
Benchmarks ,
China ,
Commercial Loans ,
Compensation & Benefits ,
Deferred Compensation ,
Deregulation ,
Deutsche Bank ,
E-Cigarettes ,
FDIC ,
Federal Reserve ,
Financial Markets ,
G20 ,
Huawei ,
Living Will ,
Money Laundering ,
Mossack Fonseca ,
National Security Review Proceedings ,
New Zealand ,
Next Generation ,
Nissan ,
Panama Papers ,
Raids ,
Regulatory Burden ,
Securities Violations ,
Startups ,
Stress Tests ,
Trade Relations ,
UK
US stocks dove again on Monday after early gains, thanks, in part, to concerns that the White House is planning yet another round of tariffs on “all remaining imports from China” if the US and China make no progress in trade...more
10/30/2018
/ Banks ,
Campbell Soup Company ,
China ,
Climate Change ,
Digital Taxes ,
e-Books ,
Exxon Mobil ,
Federal Reserve ,
Financial Fraud ,
Financial Markets ,
Regulatory Agenda ,
Stock Prices ,
Tariffs ,
Tax Revenues ,
Technology Sector ,
Trade Relations ,
UK
In order to comply with European antitrust rulings against it earlier this year, Google announced that for the first time it will begin charging telephone handset manufacturers to install Gmail, Google Maps, and other popular...more
10/17/2018
/ Android ,
Antitrust Provisions ,
Audi ,
Automotive Industry ,
Banks ,
Capital Raising ,
Carbon Emissions ,
Commercial Bankruptcy ,
Debt ,
Debt Ceiling ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Earnings Reports ,
Elon Musk ,
Embedded Tweets ,
EU ,
Federal Reserve ,
Fees ,
Germany ,
Goldman Sachs ,
Google ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Lyft ,
Market Manipulation ,
Mobile Apps ,
Mobile Devices ,
Nasdaq ,
NYSE ,
RMBS ,
Sears ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
Sharing Economy ,
Tesla ,
Twitter ,
Uber ,
Volkswagen ,
White Collar Crimes
More on the rather shocking departure of John Flannery from GE, the Board that didn’t want to give him any more leash for his turnaround plans, and the future of the embattled corporate giant under Larry Culp....more
10/2/2018
/ Banks ,
Canada ,
Cross-Border Transactions ,
Cyber Attacks ,
Data Breach ,
Enforcement Actions ,
Exports ,
Facebook ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Financial Services and Markets Act ,
Financial Services Industry ,
Free Trade Agreements ,
General Electric ,
IMF ,
Imports ,
Insider Trading ,
Instagram ,
Investment Opportunities ,
IRS ,
Marijuana Related Businesses ,
Mexico ,
NAFTA ,
PayPal ,
Resignation ,
Rulemaking Process ,
Securities and Exchange Commission (SEC) ,
Social Media ,
Tax Fraud ,
Tesco ,
Trade Relations ,
UK ,
US Trade Policies ,
Wells Fargo
European antitrust authorities have delivered a stinging rebuke to Google in the form of a $5.1 billion penalty over its Android operating system practices. The sum displaces last year’s $2.7 billion fine, also against...more
7/18/2018
/ Android ,
Antitrust Violations ,
Article III ,
Banks ,
Business Model ,
Code of Conduct ,
Coinbase ,
Data Breach ,
Enforcement Actions ,
Equifax ,
EU ,
Fast-Food Industry ,
Food Service Workers ,
Franchises ,
Fraudulent Charges ,
Goldman Sachs ,
Google ,
Joint Employers ,
Low-Wage Workers ,
McDonalds ,
Multidistrict Litigation ,
NLRB ,
Search Engines ,
Search Results ,
Standing ,
Stress Tests ,
Texas Instruments ,
US Trade Policies ,
Wages
The latest round of big bank stress tests are in, and the Fed has rejected the capital plan of Deutsche Bank and limited the payouts of Goldman Sachs and Morgan Stanley....more
6/29/2018
/ 21st Century Fox ,
Adidas ,
Amazon Marketplace ,
Banks ,
China ,
Comcast ,
Data Breach ,
Delivery Drivers ,
Deloitte ,
Deutsche Bank ,
Disney ,
Equifax ,
Foreign Investment ,
Goldman Sachs ,
Insider Trading ,
Investment ,
Morgan Stanley ,
Pharmaceutical Industry ,
Pharmacies ,
Stress Tests