Friday’s “anemic” jobs report (just 49,000 jobs added in January, and precious few of those in the private sector) “underscored the pandemic’s brutal damage to the job market” and likely made President Biden’s sale of his...more
2/8/2021
/ Alphabet Company ,
Amazon Marketplace ,
Apple ,
Biden Administration ,
Boeing ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Defamation ,
Department of Justice (DOJ) ,
DTCC ,
Elon Musk ,
Financial Markets ,
Financial Stimulus ,
Ford Motor ,
General Electric ,
Infectious Diseases ,
Legislative Agendas ,
National Emissions Standards ,
Popular ,
SoftBank ,
Stock Trades ,
Super Bowl ,
Twitter ,
Unemployment
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
A California appeals court has affirmed a lower court decision requiring Uber and Lyft to “treat their California drivers as employees, providing them with the benefits and wages they are entitled to under state labor law.”...more
10/23/2020
/ 1MDB ,
Amazon Marketplace ,
Anticompetitive Behavior ,
Antitrust Violations ,
Bayer ,
Bitcoin ,
Bonuses ,
CA Supreme Court ,
Clawbacks ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Employee Definition ,
Employer Liability Issues ,
Executive Compensation ,
Facebook ,
Federal Trade Commission (FTC) ,
Gig Economy ,
Goldman Sachs ,
Google ,
Independent Contractors ,
Infectious Diseases ,
Infrastructure ,
Lyft ,
Misclassification ,
Monopolization ,
Opioid ,
PayPal ,
Popular ,
Retail Market ,
Ridesharing ,
Right to Vote ,
Uber ,
Unemployment ,
Wage and Hour ,
Wal-Mart
The SEC has sued “cybersecurity pioneer John McAfee” for “promoting the sale of cryptocurrencies without disclosing that he was being paid to do so.” McAfee allegedly recommended “at least seven initial coin offerings to his...more
10/6/2020
/ Breach of Contract ,
Celebrity Endorsements ,
China ,
Cisco ,
Coal Industry ,
Coronavirus/COVID-19 ,
Criminal Investigations ,
Cryptocurrency ,
Economic Downturn ,
Enforcement Actions ,
Financial Markets ,
FinTech ,
Foreign Policy ,
Gender Discrimination ,
Infectious Diseases ,
Initial Coin Offering (ICOs) ,
NBC ,
Patent Infringement ,
Recovery Plans ,
Securities and Exchange Commission (SEC) ,
Stock Prices ,
Tax Evasion ,
Trump Administration ,
Unemployment ,
US Trade Policies ,
Warner Brothers Entertainment ,
Wildfires
Markets globally and U.S. futures are down as investors digest the news out of D.C. overnight...
Jobs Report Friday again. Here’s what we’re watching for in the numbers....more
10/2/2020
/ Airlines ,
Banks ,
CARES Act ,
CMBS ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Cyber Crimes ,
Donald Trump ,
Economic Downturn ,
Financial Crisis ,
Financial Markets ,
Financial Stimulus ,
Foreign Workers ,
General Motors ,
Goldman Sachs ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Layoffs ,
Legislative Agendas ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Paycheck Protection Program (PPP) ,
Public Health ,
Ransomware ,
Relief Measures ,
Stock Prices ,
Trump Administration ,
U.S. Treasury ,
Unemployment ,
Visas
A Twitter-based crypto scam managed to hack some high-profile accounts Wednesday. VERY high profile...more
7/17/2020
/ American Airlines ,
Beverage Manufacturers ,
Burberry ,
China ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Default ,
Economic Downturn ,
EU ,
EU-US Privacy Shield ,
FinTech ,
Furloughs ,
Goldman Sachs ,
Government Lockdown ,
Hackers ,
Hiring & Firing ,
Layoffs ,
Loans ,
Morgan Stanley ,
Personal Protective Equipment ,
Race Relations ,
Recovery Plans ,
Social Media ,
TikTok ,
Twitter ,
Wal-Mart ,
Wirecard
Tomorrow’s jobs report is going to be a doozy. Here’s what you need to know in advance of the “terrible” expected figures....more
5/8/2020
/ CARES Act ,
Casinos ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Facebook ,
Federal Loans ,
Financial Stimulus ,
Furloughs ,
Gap Inc ,
Gig Economy ,
Independent Contractors ,
Lyft ,
MGM ,
Price Gouging ,
Tax Relief ,
Trump Administration ,
Uber ,
Unemployment ,
Zoom®
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
A promise of “unlimited” QE from the Fed Monday morning briefly turned the tides on Dow futures but wasn’t enough to overcome another day of COVID-19-related fears and DC gridlock over the $1.8 trillion stimulus package III...more
3/24/2020
/ Airlines ,
Allen v Cooper ,
Big Tech ,
Copyright Infringement ,
Coronavirus/COVID-19 ,
Criminal Prosecution ,
Crisis Management ,
Cryptocurrency ,
Economic Downturn ,
Equipment Failure ,
Federal Reserve ,
Financial Markets ,
Financial Stimulus ,
Futures ,
Government Lockdown ,
Initial Coin Offering (ICOs) ,
Investment Fraud ,
Manslaughter ,
PG&E ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Social Media ,
Stock Sale Agreements ,
Theranos ,
Wildfires
Wall Street apparently got together and decided that Monday was the day to start paying attention to the coronavirus for real. In the form of a massive selloff that left the Dow off more than 1000 points for its worst finish...more
2/25/2020
/ Acquisitions ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Credit Karma ,
Cryptocurrency ,
Director Removal ,
E-Cigarettes ,
Federal Reserve ,
Financial Markets ,
Financial Services Industry ,
Hewlett-Packard ,
Hostile Takeover ,
Independent Directors ,
Intuit ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
TurboTax ,
Wall Street ,
Xerox
UK regulators are probing ties between disgraced financier Jeffrey Epstein and Barclays CEO Jes Staley. The bank’s board is so far standing 100% with Staley, who has expressed “regret” over his relationship with Epstein....more
2/13/2020
/ Aircraft ,
Amazon Marketplace ,
Android ,
Barclays ,
Boeing ,
CEOs ,
Child Abuse ,
Commercial Bankruptcy ,
Corporate Misconduct ,
Cryptocurrency ,
Facebook ,
Fear of Harm ,
Federal Reserve ,
Fraud ,
Google ,
Government Investigations ,
Jeff Bezos ,
Nissan ,
OFCOM ,
Popular ,
Regulatory Agenda ,
Safe Harbors ,
Securities and Exchange Commission (SEC) ,
Senate Confirmation Hearings ,
Sexual Harassment ,
Smartphones ,
Sprint ,
Startups ,
Stock Sale Agreements ,
T-Mobile ,
Telecommunications ,
Terrorist Acts ,
Theranos ,
UK ,
Wireless Industry ,
Wireless Technology
Credit Suisse’s CEO Tidjane Thiam is out, to be succeeded next week by longtime company vet Thomas Gottstein. Thaim appeared to have ridden out the corporate spying scandal involving a former employee last year, and he had...more
2/7/2020
/ Activist Investors ,
Aircraft ,
Airplane Accidents ,
Bid Rigging ,
Blockchain ,
Boeing ,
Cancer ,
China ,
Corruption ,
Credit Suisse ,
Criminal Prosecution ,
Cryptocurrency ,
Digital Currency ,
Ernst & Young v Morris ,
Financial Institutions ,
Financial Markets ,
Huawei ,
Job Creation ,
Jobs Report ,
Johnson & Johnson ,
Netherlands ,
NTSB ,
Popular ,
Publicly-Traded Companies ,
Punitive Damages ,
Safe Harbors ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
Stock Prices ,
Telecommunications ,
Unemployment ,
Verizon ,
White Collar Crimes
As expected, the Fed kept interest rates unchanged on Wednesday while also signaling that “they would wait to see how the economy fared before making another move”....more
12/12/2019
/ Airplane Accidents ,
Antitrust Provisions ,
Bitcoin ,
Boeing ,
Charitable Donations ,
Charitable Organizations ,
Cryptocurrency ,
Dairy Farmers ,
Dairy Farmers of America ,
Deficit Reduction ,
Disney ,
Farms ,
Federal Aviation Administration (FAA) ,
Federal Reserve ,
Financial Markets ,
FinCEN ,
General Elections ,
Initial Public Offering (IPO) ,
Insider Trading ,
Interest Rate Adjustments ,
Internet Streaming ,
Investment Opportunities ,
Joint Venture ,
JPMorgan Chase ,
Legislative Agendas ,
Lost Profits ,
Mobile Devices ,
Nestle ,
Private Equity ,
prohibit ,
Proposed Legislation ,
Race Discrimination ,
Regulatory Agenda ,
Religious Institutions ,
Saudi Aramco ,
Stock Prices ,
Suspicious Activities ,
Suspicious Activity Reports (SARs) ,
UK ,
UK Brexit ,
Virtual Currency
Dean Foods, the largest milk company in the U.S., has filed for bankruptcy protection, a “fresh setback to a U.S. dairy industry struggling against declining U.S. milk consumption and rising competition.” Industry experts...more
11/13/2019
/ #MeToo ,
AbbVie ,
Allergan Inc ,
Automotive Industry ,
Blockchain ,
Bonds ,
Checking Accounts ,
China ,
Class Action ,
Commercial Bankruptcy ,
Compensation & Benefits ,
Congressional Investigations & Hearings ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Data Collection ,
Disney ,
Economic Reform ,
Employment Litigation ,
Enforcement Actions ,
EU ,
Farms ,
Financial Services Industry ,
Google ,
Government Investigations ,
Imports ,
Internet Streaming ,
Investment ,
Loss of Income ,
Manufacturers ,
Market Manipulation ,
McDonalds ,
Nissan ,
Office Space ,
Overstock.com ,
Pharmaceutical Industry ,
Popular ,
Privacy Concerns ,
Revenue ,
SBA Lending Programs ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Sexual Harassment ,
Sharing Economy ,
Small Business ,
SoftBank ,
Stock Prices ,
Tariffs ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
US Trade Policies
We didn’t get flop sweat Zuck, but it was still a hot seat indeed for Facebook’s founder and CEO on the Hill yesterday, who fielded a wide range of questions from Libra to political freedom of expression on his platform....more
10/24/2019
/ Airplane Accidents ,
Amazon Marketplace ,
Automotive Industry ,
Boeing ,
China ,
Class Action ,
Commercial Bankruptcy ,
Congressional Investigations & Hearings ,
Congressional Oversight ,
Cryptocurrency ,
E-Commerce ,
Earnings Reports ,
Electric Cooperative ,
Elon Musk ,
Facebook ,
False Advertising ,
Fashion Industry ,
Federal Reserve ,
Financial Crisis ,
Financial Services Committee ,
Food Manufacturers ,
Forever 21 ,
GAO ,
Google ,
Hedge Funds ,
Internet Retailers ,
Kellogg Company ,
Political Advertising ,
Profits ,
Retail Market ,
Retailers ,
Social Media ,
Supply Chain ,
Tariffs ,
Tesla ,
Trade Relations ,
Trade Wars
Nike’s top dog, CEO Mark Parker, is stepping down at the beginning of 2020, to be replaced by board member and ServiceNow CEO John Donahoe. Parker, who will assume the role of executive chair when Donahoe takes over, has been...more
10/23/2019
/ Bank of England ,
Bank of New York (BNY) Mellon ,
Boeing ,
Books & Records ,
CEOs ,
Climate Change ,
Congressional Investigations & Hearings ,
Cryptocurrency ,
Elizabeth Warren ,
EU ,
European Central Bank ,
Exxon Mobil ,
Facebook ,
Federal Reserve ,
Financial Regulatory Reform ,
Financial Services Committee ,
Fintech Charter ,
Gender Discrimination ,
Goldman Sachs ,
Hewlett-Packard ,
Illegal Profits ,
Insider Trading ,
Mark Zuckerberg ,
National Bank Charters ,
Nike ,
OCC ,
Office Space ,
Price-Fixing ,
Quanta ,
Repossess ,
Resignation ,
Securities Fraud ,
Sharing Economy ,
U.S. Treasury ,
UK ,
UK Brexit ,
UK Parliament
SoftBank’s plan to help bail out WeWork would mean not only a takeover by Masa Son’s crew but also “would slash the co-working company’s valuation to about $8 billion”—a staggering drop of nearly $40 billion. The plan would...more
10/22/2019
/ Bailout ,
Business Valuations ,
Cardinal Health ,
CEOs ,
Commercial Bankruptcy ,
Cryptocurrency ,
Disney ,
Electricity ,
Facebook ,
Johnson & Johnson ,
Lucasfilm ,
Mark Zuckerberg ,
McKesson Technologies ,
Office Space ,
On-Demand Services ,
Opioid ,
Pain Management ,
PG&E ,
Pharmaceutical Industry ,
Reorganizations ,
Resignation ,
Settlement Agreements ,
Sharing Economy ,
SoftBank ,
Star Wars ,
Takeovers ,
Teva Pharmaceuticals ,
UK ,
UK Brexit ,
UK Parliament ,
Wells Fargo
Good news out of Detroit late yesterday, with officials from General Motors and the United Autoworkers Union striking a “tentative agreement on a new labor contract that could end the monthlong strike that has idled G.M....more
10/17/2019
/ Alcoa ,
Anti-Competitive ,
Automotive Industry ,
Balance Sheets ,
Bench Trial ,
Broadcom ,
China ,
Climate Change ,
Cryptocurrency ,
Economic Reform ,
EU ,
Exclusionary Authority ,
Exxon Mobil ,
Facebook ,
FCC ,
Federal Reserve ,
Financial Markets ,
General Motors ,
Housing Market ,
Investment Fraud ,
Labor Relations ,
Lifeline Program ,
Liquidity ,
Retail Sales ,
Sprint ,
Strike ,
T-Mobile ,
Tariffs ,
Trade Relations ,
Trade Wars ,
Treasury Markets ,
UK ,
UK Brexit ,
US Trade Policies
We Work’s largest investor, SoftBank, is reportedly sketching out plans in which it would drop billions of additional money on the company in return for giving Masa Son control of WeWork “and further sidelin[ing] its founder...more
10/14/2019
/ Banks ,
China ,
Commercial Bankruptcy ,
Cryptocurrency ,
Earnings Reports ,
eBay ,
Electricity ,
Enforcement Actions ,
Facebook ,
Federal Reserve ,
Global Marketplace ,
Initial Public Offering (IPO) ,
MasterCard ,
Offerings ,
Office Space ,
Offshore Companies ,
Opioid ,
OxyContin ,
Pain Management ,
PG&E ,
Pharmaceutical Industry ,
Purdue Pharma ,
Sears ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Sharing Economy ,
SoftBank ,
Stays ,
Tariffs ,
Token Sales ,
Trade Relations ,
Trade Wars ,
Treasury Regulations ,
Trump Administration ,
Unregistered Securities ,
US Trade Policies ,
Visa Inc ,
Volkswagen ,
Wall Street ,
Wildfires
Because the Nissan leadership scandal is about as well-contained as Chernobyl in the early days [thanks, HBO], French automaker Renault has voted this morning to remove Chief Executive Thierry Bolloré amid concerns over the...more
10/11/2019
/ Automotive Industry ,
Banks ,
Bitcoin ,
Business Valuations ,
California Consumer Privacy Act (CCPA) ,
Capital Rules ,
CFTC ,
China ,
Commercial Bankruptcy ,
Commodities ,
Commodity Exchange Act (CEA) ,
Cryptocurrency ,
Electricity ,
Ether ,
Federal Reserve ,
Financial Regulatory Reform ,
Financial Services Industry ,
General Motors ,
Initial Public Offering (IPO) ,
Investment Banks ,
Labor Relations ,
Layoffs ,
Lenders ,
Liquidity ,
Personal Data ,
PG&E ,
Regulatory Burden ,
Renault-Nissan ,
Reorganizations ,
Retailers ,
Rollbacks ,
Saudi Arabia ,
Saudi Aramco ,
Trade Wars ,
Trump Administration ,
UAW ,
US Trade Policies ,
Victoria Secret ,
Wal-Mart
Senior negotiators from the U.S. and China will officially resume trade negotiations today, “with higher tariffs looming if [they] fail to break a five-month stalemate.” The U.S.’s moves this week to blacklist 28 Chinese tech...more
10/10/2019
/ Amazon Marketplace ,
Bed Bath & Beyond ,
CEOs ,
China ,
Conflicts of Interest ,
Cryptocurrency ,
Digital Currency ,
Economic Downturn ,
Exports ,
Facebook ,
Federal Reserve ,
Fidelity Investments ,
Financial Services Committee ,
Government Investigations ,
Imports ,
Internal Controls ,
Internet Streaming ,
Investment Opportunities ,
Johnson & Johnson ,
Mesothelioma ,
Netflix ,
Pensions ,
Plan Administrators ,
Private Equity ,
Public Pension ,
Securities and Exchange Commission (SEC) ,
Supply Chain ,
Target ,
Tariffs ,
Teachers ,
Trade Relations ,
Trade Retaliation ,
Trade Wars ,
Trading Platforms ,
Trump Administration ,
US Trade Policies
Fed Chair Powell, speaking at an economics conference in Denver yesterday, made news by indicating that the central bank would “once again begin expanding its portfolio of government-backed securities”—a shift in policy...more
10/9/2019
/ Advertising ,
Automotive Industry ,
Blacklist ,
Cambridge Analytica ,
China ,
Cryptocurrency ,
Data Breach ,
Digital Currency ,
Economic Downturn ,
EU ,
Facebook ,
Federal Reserve ,
Financial Regulatory Reform ,
Foreign Currency ,
General Motors ,
Global Economy ,
Government Securities ,
Human Rights ,
IMF ,
Johnson & Johnson ,
Manufacturers ,
Money Laundering ,
Netflix ,
New Legislation ,
Pharmaceutical Industry ,
Punitive Damages ,
Risperdal ,
Stock Prices ,
Technology Sector ,
Trade Wars ,
Trump Administration ,
Twitter ,
Volcker Rule ,
Wall Street
The US has blacklisted 28 Chinese companies—mostly in the tech sector—over China’s “campaign targeting Uighurs and other predominantly Muslim minorities in the autonomous region of Xingjiang,” a move that’s drawn both...more
10/8/2019
/ Antitrust Litigation ,
Bitcoin ,
Blacklist ,
CEOs ,
China ,
Cross-Border Transactions ,
Cryptocurrency ,
Currency Exchange ,
Economic Growth ,
Electricity ,
Employee Benefits ,
EU ,
Exports ,
Farms ,
General Electric ,
Internet Streaming ,
NBC ,
Nissan ,
Pensions ,
Price Manipulation ,
Recessions ,
Renewable Energy ,
Retailers ,
RICO ,
Solar Energy ,
Supply Chain ,
Target ,
Trade Agreements ,
Trade Policy ,
Trade Relations ,
Trading Platforms ,
Trump Administration ,
UK Brexit ,
World Bank
A drone attack on Saudi Aramco oilfields this weekend affected 5% of global production and sent “energy prices substantially higher” late Sunday and early today. Analysts don’t anticipate a “severe shock to energy markets and...more
9/16/2019
/ Aerospace ,
Bank of New York (BNY) Mellon ,
Bias ,
BlackRock ,
Boeing ,
Commercial Bankruptcy ,
Cryptocurrency ,
Debt ,
Derivative Suit ,
Drones ,
Drug & Alcohol Abuse ,
Drug Distribution ,
Economic Growth ,
Energy Market ,
Enforcement Actions ,
Facebook ,
Financial Markets ,
General Motors ,
Global Economy ,
GSE ,
Initial Public Offering (IPO) ,
Investors ,
J Crew ,
Junk Debt ,
Labor Relations ,
Leveraged Loans ,
Oil & Gas ,
Oil Prices ,
Opioid ,
OxyContin ,
Pain Management ,
Pharmaceutical Industry ,
Pharmacies ,
Purdue Pharma ,
RMBS ,
Safety Standards ,
Saudi Aramco ,
Settlement Agreements ,
Strike ,
Trump Administration ,
UK Brexit
Paul Singer’s Elliott Management hedge fund revealed a $3.2 billion stake in AT&T and, along with it, a healthy-skepticism of the company’s 2018 purchase of Time Warner and general calls to divest as part of a 24-page letter...more
9/10/2019
/ Activist Hedge Funds ,
Activist Investors ,
Anti-Bribery ,
Appeals ,
AT&T ,
Competition ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
E-Cigarettes ,
Economic Downturn ,
En Banc Review ,
Facebook ,
Fannie Mae ,
FHFA ,
Food and Drug Administration (FDA) ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Currency ,
Freddie Mac ,
Gig Economy ,
Google ,
GSE ,
Independent Contractors ,
Initial Public Offering (IPO) ,
Legislative Agendas ,
Lyft ,
Marketing ,
Misclassification ,
Monopolization ,
Nissan ,
No-Deal Brexit ,
Pending Legislation ,
Public Health ,
Recessions ,
Regulatory Violations ,
Ridesharing ,
Securities and Exchange Commission (SEC) ,
Share Price ,
SoftBank ,
Time Warner ,
Uber ,
UK ,
UK Brexit ,
Vaping