Ailing e-truck startup Lordstown Motors found itself facing more challenges on Monday, as founder & CEO Steve Burns and CFO Julio Rodriguez resigned “after an investigation by the company’s board,” just weeks after the...more
6/15/2021
/ 5G Network ,
Airbus ,
Amazon Marketplace ,
Antitrust Provisions ,
Biden Administration ,
Bitcoin ,
Boeing ,
China ,
Debt ,
Electric Vehicles ,
Elon Musk ,
G7 ,
Inflation Adjustments ,
International Trade Disputes ,
Junk Bonds ,
NASA ,
Outer Space ,
Proposed Legislation ,
Recessions ,
Securities and Exchange Commission (SEC) ,
Subsidies
The Times digs into what it’s calling private equity’s “conquer[ing of] the American tax system”—where “slight-of-hand tax-avoidance strategies” are so “aggressive” and pervasive that “at least three private equity officials...more
6/14/2021
/ Amazon Marketplace ,
Apple ,
Bitcoin ,
Classified Information ,
Climate Change ,
Corporate Taxes ,
Cryptocurrency ,
Cyber Crimes ,
Data Breach ,
Department of Justice (DOJ) ,
Diversity and Inclusion Standards (D&I) ,
Exxon Mobil ,
FBI ,
Gag Orders ,
Hackers ,
Internet Retailers ,
Lumber Industry ,
McDonalds ,
Microsoft ,
Pipelines ,
Private Equity ,
Securities and Exchange Commission (SEC) ,
Special Purpose Acquisition Companies (SPACs) ,
Supply Chain ,
Tax Avoidance
After years of protests, lobbying, and legal battles, TC Energy—the Canadian pipeline company behind the embattled Keystone XL pipeline project that “would have carried petroleum from Canadian tar sands to Nebraska”—announced...more
6/10/2021
/ Biden Administration ,
Bitcoin ,
Carbon Emissions ,
Cryptocurrency ,
FBI ,
GameStop ,
Gig Economy ,
High Net-Worth ,
Internet Memes ,
Keystone XL Pipeline ,
Lyft ,
Meat Processing Plants ,
Mobile Apps ,
National Security ,
Oil & Gas ,
Pipelines ,
Ransomware ,
Royal Dutch Petroleum ,
Securities and Exchange Commission (SEC) ,
Stock Prices ,
The Hague ,
TikTok ,
Uber ,
Wealth Tax
This weekend saw groundbreaking action by the G-7 nations on the Biden administration’s proposal for a new global minimum tax of at least 15% “that companies would have to pay regardless of where they locate their...more
6/7/2021
/ Acquisition Agreements ,
Biden Administration ,
Bitcoin ,
Bitcoin Mining ,
Corporate Taxes ,
Cryptocurrency ,
G7 ,
Google ,
Job Creation ,
Leveraged Buyout ,
Medical Supplies ,
Online Advertisements ,
Special Purpose Acquisition Companies (SPACs) ,
Tax Reform ,
Unemployment
Sweden-based and celeb-backed oat milk company Oatly hit it big on its first day of public trading, with shares soaring 30% “as investors jumped at the chance to take part in rapid changes in the food industry driven by...more
5/21/2021
/ Antitrust Violations ,
Biden Administration ,
Bitcoin ,
EU ,
Financial Markets ,
Inflation Adjustments ,
Merger Agreements ,
Morgan Stanley ,
Multinationals ,
Plant Based Products ,
Railways ,
Ransomware ,
Tax Reform
A weeks long slide for Bitcoin and other cryptos turned into a “frenzied selloff” on Wednesday, crashing the digital currencies back to earth after what had been a pandemic year of impressive gains....more
5/20/2021
/ Bitcoin ,
Cryptocurrency ,
Electric Vehicles ,
Federal Reserve ,
Ford Motor ,
Generic Drugs ,
Hedge Funds ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Martin Shkreli ,
McDonalds ,
Pipelines ,
Ransomware
Bitcoin’s back (and no, it never really left), thanks to a rally this morning that pushed its value up as much as 10% at one point in early trading today. Elon Musk’s weekend tweeting and news that presumptive top NFL draft...more
4/26/2021
/ Apple ,
Banks ,
Big Tech ,
Bitcoin ,
China ,
Consumer Privacy Rights ,
Coronavirus/COVID-19 ,
Credit Suisse ,
Cryptocurrency ,
Executive Compensation ,
Infectious Diseases ,
iPhone Tracking ,
JPMorgan Chase ,
Mobile Apps ,
OCC ,
On-Demand Services ,
Panasonic ,
Popular ,
Railways ,
Slander ,
Underwriting Agreements ,
Virtual Currency
A unanimous SCOTUS ruling this week curbs the FTC’s “longtime practice of seeking to recover ill-gotten gains from companies and individuals who cheat or mislead consumers,” with the justices finding that the 1973 law that...more
4/23/2021
/ Airlines ,
AMG Capital Management LLC v FTC ,
Bitcoin ,
Capital Gains Tax ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Financial Markets ,
FTCA Section 13(b) ,
HBO ,
Infectious Diseases ,
Injunctive Relief ,
Internet Streaming ,
Material Suppliers ,
Restitution ,
Securities and Exchange Commission (SEC) ,
Supply Chain ,
Takeover Bids ,
Tax Reform ,
Tourism
Because volatility’s the name of the game whenever we’re talking cryptos, it’s hard to be too shocked by the news that last week’s banner Coinbase public market debut gave way to a digital currency walkback this weekend that...more
4/19/2021
/ Amazon Marketplace ,
Bitcoin ,
Citibank ,
Coinbase ,
Cryptocurrency ,
Department of Labor (DOL) ,
Digital Currency ,
Elon Musk ,
Federal Contractors ,
Financial Markets ,
Homeless Issues ,
Initial Public Offering (IPO) ,
Investment ,
NASA ,
Retirement Plan ,
Securities and Exchange Commission (SEC) ,
SpaceX ,
Special Purpose Acquisition Companies (SPACs) ,
The Tribune Company ,
Unions
Tech stocks roared back on Tuesday just a day after the Nasdaq hit correction territory, as “buy-the-dip” won out and led to a nearly-4% jump for the tech-heavy index ...more
3/10/2021
/ Administrative Appointments ,
Automobile Recall ,
Biden Administration ,
Bitcoin ,
CARES Act ,
Citibank ,
ConAgra ,
Disney ,
Federal Trade Commission (FTC) ,
Financial Markets ,
JPMorgan Chase ,
Kia ,
Labor Relations ,
Nasdaq ,
Paycheck Protection Program (PPP) ,
Popular ,
Product Defects ,
SoftBank ,
Special Purpose Acquisition Companies (SPACs) ,
Stock Prices ,
Tesla ,
Unions
A quieter bond market was music to the markets’ ears on Monday, and they responded with their best day since last June...more
3/2/2021
/ Administrative Appointments ,
Biden Administration ,
Bitcoin ,
Bonds ,
China ,
Confirmation Proceedings ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Suisse ,
Cryptocurrency ,
Digital Currency ,
Electric Vehicles ,
General Motors ,
Inflation Adjustments ,
Insolvency ,
Manufacturers ,
Securities and Exchange Commission (SEC) ,
SoftBank ,
State Taxes ,
Tax Revenues ,
Volvo ,
Wal-Mart
Your Federal Reserve update based on Chair Powell’s testimony before the Senate Banking Committee on Tuesday, including pushing back against concerns that the “economy is on the cusp of running too hot” ...more
2/24/2021
/ Amazon Marketplace ,
Audits ,
Bitcoin ,
Bonds ,
Capital Markets ,
Corruption ,
Cryptocurrency ,
Ether ,
Federal Reserve ,
GameStop ,
Gender Discrimination ,
Interest Rate Adjustments ,
McDonalds ,
PricewaterhouseCoopers ,
Retaliation ,
Square ,
Stock Prices ,
Whistleblowers
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
NY AG Letitia James is suing Amazon, accusing the online retail giant “of not doing enough to protect workers in the state from the coronavirus” and calling its response to the pandemic “deficient.” ...more
2/17/2021
/ Accounting Fraud ,
Amazon Marketplace ,
Big Tech ,
Bitcoin ,
Bonds ,
Business Interruption ,
Capital Markets ,
Citibank ,
CMBS ,
Coronavirus/COVID-19 ,
Disney ,
E-Commerce ,
Enforcement Actions ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Newspapers ,
Securities and Exchange Commission (SEC) ,
Severe Weather ,
USAA ,
Wells Fargo ,
Whistleblowers ,
Wire Fraud ,
Workplace Safety
Bumble hit markets on Thursday with considerable buzz, and markets validated that love, with company shares opening a mind-boggling $33 above its already-increased offering price. ...more
2/12/2021
/ Asset Management ,
Bank of New York (BNY) Mellon ,
Biden Administration ,
Bitcoin ,
Bloomberg Inc. ,
CBO Report ,
Corporate Restructuring ,
Credit Suisse ,
Cryptocurrency ,
Dating Services ,
Deficit Reduction ,
Department of Justice (DOJ) ,
Disney ,
Financial Crisis ,
GameStop ,
Initial Public Offering (IPO) ,
Layoffs ,
Market Manipulation ,
Microchip Technology ,
Oil & Gas ,
RMBS ,
Robinhood Financial ,
Royal Dutch Petroleum ,
Social Media ,
Supply Chain
Tesla dropped an incredible $1.5 billion on bitcoin on Monday “and signaled its intent to begin accepting the cryptocurrency as a form of payment, sending prices to a record after the vote of confidence from the EV leader and...more
2/9/2021
/ Bitcoin ,
Bonds ,
Business Valuations ,
CBO Report ,
China ,
Commercial Bankruptcy ,
Digital Currency ,
Electronic Arts ,
Financial Markets ,
Gaming ,
Lyft ,
Minimum Wage ,
Popular ,
Reddit ,
Shopping Centers ,
Tesla ,
Uber ,
Wage and Hour
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
GameStop’s continuing surge this week has gone from something of a lark to a collective small-trader effort to stick it to Wall Street hedge funds and institutionalists, with share-price fundamentals discarded entirely in...more
1/28/2021
/ Apple ,
Bitcoin ,
Boeing ,
Chrysler ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Economic Downturn ,
Enforcement Actions ,
Fiat ,
Financial Markets ,
GameStop ,
Guilty Pleas ,
Initial Public Offering (IPO) ,
Interest Rates ,
iPhone ,
Labor Law Violations ,
Market Manipulation ,
Netflix ,
Quarterly Report ,
Reddit ,
Securities and Exchange Commission (SEC) ,
Short Selling ,
Stock Prices
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
Version 3.0 of the PPP kicked off yesterday, with community lenders leading the way by focusing on “underserved borrowers—including women-led businesses and those run by Black, Latino and Asian owners and other minorities” in...more
1/12/2021
/ Administrative Law Judge (ALJ) ,
Antitrust Violations ,
Biotechnology ,
Bitcoin ,
Constitutional Challenges ,
Coronavirus/COVID-19 ,
Denial of Certiorari ,
Economic Aid Act ,
Financial Markets ,
FinTech ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Life Sciences ,
London Stock Exchange ,
Meat Processing Plants ,
Paycheck Protection Program (PPP) ,
Political Contributions ,
Poultry ,
Price-Fixing ,
Relief Measures ,
SBA Lending Programs ,
Securities and Exchange Commission (SEC) ,
Stock Prices ,
Wal-Mart
Aaaand we’re back. Hope all have stayed safe and healthy. Let’s get to business. Friday’s Jobs Report saw the U.S. recovery thrown in reverse, with employers cutting 140,000 jobs in December amidst “rising coronavirus cases...more
1/11/2021
/ ATMs ,
Bitcoin ,
Boeing ,
China ,
Coronavirus/COVID-19 ,
Credit Suisse ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Facebook ,
Foreign Policy ,
Infectious Diseases ,
Theranos ,
Twitter ,
UK Brexit ,
Unemployment
Another day, another new Google antitrust lawsuit—this time thanks to a group of 30-plus states that have accused the company of “illegally arranging its search results to push out smaller rivals.” Oh, and money likely won’t...more
12/18/2020
/ Antitrust Violations ,
Biden Administration ,
Bitcoin ,
Coca Cola ,
Coinbase ,
Credit Suisse ,
Financial Stimulus ,
Google ,
Initial Public Offering (IPO) ,
Legislative Agendas ,
Relief Measures ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Trading Platforms ,
Unemployment ,
Universal
The Fed’s Open Markets Committee meeting wrapped on Wednesday, and in remarks following the meeting, Fed Chair Powell called the case for fiscal policy right now “very, very strong,”—a not-so-subtle nudge to Congress to act...more
12/17/2020
/ Accounting Fraud ,
Apple ,
AT&T ,
Bitcoin ,
Coronavirus/COVID-19 ,
Facebook ,
Federal Reserve ,
Financial Stimulus ,
Google ,
HBO ,
Infectious Diseases ,
iPhone Tracking ,
Legislative Agendas ,
Monopolization ,
Online Advertisements ,
Relief Measures ,
Roku ,
Securities and Exchange Commission (SEC)
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