Amgen will pay $13.4 billion in cash to buy psoriasis treatment Otezla, a deal that will “pave the way for Bristol-Myers Squibb to complete its acquisition of Celgene” by addressing “regulatory concerns over their union”....more
8/26/2019
/ Amazon Marketplace ,
Amgen ,
Automotive Industry ,
Boeing ,
Bristol-Myers Squibb ,
China ,
Credit Monitoring ,
Cryptocurrency ,
Discriminatory Lending Practices ,
Economic Development ,
Federal Aviation Administration (FAA) ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Financial Adviser ,
Financial Markets ,
Hasbro ,
Imports ,
Japan ,
Life Sciences ,
Motor Vehicles ,
Pharmaceutical Industry ,
Product Defects ,
Restitution ,
Solar Panels ,
Suppliers ,
Supply Chain ,
Tariffs ,
Tesla ,
Trade Agreements ,
Trade Wars ,
Trump Administration ,
UK Brexit ,
Wal-Mart ,
Wealth Management ,
Wells Fargo
A volatile August on Wall Street has insiders asking whether we should be taking our cues from 1998 or 2007.
With that in mind, our financial term of the week is “countercyclical capital buffer,” a wonkish special for you...more
8/13/2019
/ Amazon Marketplace ,
Antitrust Investigations ,
Automotive Industry ,
Big Tech ,
Bonds ,
Brick-and-Mortar Stores ,
Capital Requirements ,
CBS ,
China ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Data Breach ,
Deregulation ,
Donald Trump ,
Economic Downturn ,
Educational Institutions ,
Electric Vehicles ,
Embedded Tweets ,
ETFs ,
Federal Reserve ,
Financial Markets ,
Financial Regulatory Reform ,
General Motors ,
Oil & Gas ,
Predatory Lending ,
Regulatory Oversight ,
Retail Market ,
Securities and Exchange Commission (SEC) ,
Silicon Valley ,
Social Networks ,
Student Loans ,
Tariffs ,
Tumblr ,
Verizon ,
Viacom ,
Volcker Rule ,
Volkswagen ,
Wall Street
Drug giants Pfizer and Mylan have inked a deal that will merge the former’s off-patent drugs with the latter’s generics business, a tie-up that creates a mammoth global seller of lower-priced medicines....more
7/29/2019
/ 3M Company ,
Airplane Accidents ,
Audi ,
Barclays ,
Boeing ,
China ,
Citibank ,
Cryptocurrency ,
Digital Currency ,
Federal Aviation Administration (FAA) ,
Federal Reserve ,
Financial Crisis ,
FOMC ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Subsidiaries ,
Forex ,
GDP ,
Generic Drugs ,
IRS ,
JPMorgan Chase ,
Mylan Pharmaceuticals ,
National Emissions Standards ,
Pfizer ,
Pharmaceutical Industry ,
Prescription Drugs ,
RBS ,
Regulatory Violations ,
Rental Property ,
Sprint ,
T-Mobile ,
Tax Liability ,
Tenants ,
UBS ,
Volkswagen ,
Wireless Industry
Netflix has been priming markets for bad news, and it delivered on Wednesday, reporting the loss of 126,000 paid U.S. subscribers in Q2—the company’s first domestic decrease since it started its streaming service 12 years...more
7/18/2019
/ Antitrust Violations ,
Bernie Madoff ,
China ,
Commercial Bankruptcy ,
Cryptocurrency ,
EU ,
Facebook ,
Huawei ,
Internet Streaming ,
Investment Fraud ,
Netflix ,
Qualcomm ,
Quarterly Report ,
Settlement Agreements ,
Tariffs ,
Trade Relations ,
Trade Wars ,
US Trade Policies
EU regulators announced today that they’ve been conducting an investigation into Amazon and “how it collects and uses data from third-party sellers who appear on the retailing giant’s website” with an eye to potential...more
7/17/2019
/ Amazon Marketplace ,
CMBS ,
Cryptocurrency ,
Data Transfers ,
Data-Sharing ,
Department of Labor (DOL) ,
Deregulation ,
Disclosure Requirements ,
Elon Musk ,
EU ,
European Central Bank ,
Facebook ,
FDIC ,
Federal Reserve ,
Financial Regulatory Reform ,
Government Investigations ,
Hedge Funds ,
Interest Rate Adjustments ,
Personal Data ,
RMBS
Treasury Secretary Steven Mnuchin is the latest prominent government official to express concerns about Facebook’s coming Libra launch. Speaking at a briefing yesterday, Mnuchin focused on national security issues related to...more
7/16/2019
/ Agribusiness ,
Agricultural Sector ,
Amazon Marketplace ,
Bayer ,
Broadcom ,
Cancer ,
Charles Schwab ,
China ,
Chipotle Grill ,
CMBS ,
Cryptocurrency ,
E-Commerce ,
Facebook ,
Farms ,
Fraud ,
Monsanto ,
National Security ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Senate Banking Committee ,
Subsidiaries ,
Symantec ,
Target ,
Tariffs ,
Toxic Exposure ,
Trade Wars ,
Trump Administration ,
USAA ,
Wal-Mart ,
Wealth Management
Late Friday, the Federal Trade Commission hit Facebook with a $5 billion fine for the social media company’s range of privacy violations over the past few years....more
7/15/2019
/ Aerospace ,
Airbus ,
Amazon Marketplace ,
Bank of America ,
Boeing ,
China ,
Commodities ,
Cryptocurrency ,
Debt Restructuring ,
Department of Labor (DOL) ,
Deregulation ,
Economic Downturn ,
Facebook ,
Federal Trade Commission (FTC) ,
Futures ,
Huawei ,
Initial Public Offering (IPO) ,
Labor Regulations ,
Layoffs ,
Merrill Lynch ,
Metals ,
Morgan Stanley ,
Puerto Rico ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Social Media ,
Spoofing ,
Telecommunications
The big takeaway from Day 1 of Fed Chair Powell’s Congressional testimony is that a July rate cut is still definitely on the table, despite last week’s strong US jobs numbers. As the Times puts it, “That the Fed is...more
7/11/2019
/ 1MDB ,
Anti-Money Laundering ,
Bitcoin ,
Capital Raising ,
Corruption ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Digital Currency ,
Facebook ,
Federal Reserve ,
Financial Markets ,
France ,
Goldman Sachs ,
Huawei ,
Illegal Tipping ,
Initial Coin Offering (ICOs) ,
Insider Trading ,
Interest Rate Adjustments ,
Regulation A ,
S&P ,
Securities and Exchange Commission (SEC) ,
Sexual Assault ,
Supply Chain ,
Tariffs ,
Telecommunications ,
Trade Retaliation ,
Trade Wars ,
Trump Administration ,
UNESCO ,
Unfair Trade Practices Act ,
White Collar Crimes
Lots more details on what turned out to be something of a bloodbath for Deutsche Bank employees around the world, with the bank starting to make good yesterday on its plans to cut nearly 18,000 employees worldwide – NYTimes...more
7/9/2019
/ Acquisitions ,
China ,
Congressional Investigations & Hearings ,
Cryptocurrency ,
Debt ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Enforcement Actions ,
Facebook ,
Federal Reserve ,
Global Economy ,
Innovative Technology ,
Investment Funds ,
Layoffs ,
Securities and Exchange Commission (SEC) ,
Software ,
UK ,
Volkswagen
The DOJ has jumped on board claims made in existing civil class-action lawsuits and is considering criminal price-fixing charges against “some of the biggest American poultry companies, including Tyson Foods and Pilgrim’s...more
6/27/2019
/ Activist Investors ,
Antitrust Violations ,
Bitcoin ,
China ,
Cryptocurrency ,
Data Breach ,
Data-Sharing ,
Department of Justice (DOJ) ,
Electronic Medical Records ,
Facebook ,
Food Supply ,
G20 ,
Google ,
Imports ,
Oil & Gas ,
Patient Privacy Rights ,
Price-Fixing ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trade Retaliation ,
Trade Wars ,
Trump Administration ,
Tyson Foods ,
US Trade Policies
In case you haven’t had your eye on matters of global intrigue of late, figured we’d get you a bit caught up so that you know why your gas prices are heading north in the next couple of weeks....more
6/17/2019
/ Alternative Investment Funds ,
AT&T ,
Corporate Bonds ,
Credit Suisse ,
Cryptocurrency ,
Deficit Reduction ,
Facebook ,
Federal Budget ,
Federal Reserve ,
Financial Industry Regulatory Authority (FINRA) ,
Interest Rate Adjustments ,
Italy ,
Judges ,
KPMG ,
MasterCard ,
Oil & Gas ,
Oil Prices ,
PayPal ,
Plant Based Products ,
Recusal ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Sexual Harassment ,
Tariffs ,
Taxi Cabs ,
Time Warner ,
Tyson Foods ,
Uber ,
Unfair Pricing ,
Visa Inc ,
Wall Street
The White House announced on Friday that the US and Mexico reached a deal that it deemed sufficient to keep from levying the threatened 5% tariffs on Mexican goods that was set to take effect today. As details of that deal...more
6/10/2019
/ Aerospace ,
Amazon Marketplace ,
China ,
Cross-Border Transactions ,
Cryptocurrency ,
Defense Sector ,
Digital Currency ,
Economic Sanctions ,
FedEx ,
Huawei ,
Imports ,
Initial Coin Offering (ICOs) ,
Initial Public Offering (IPO) ,
Job Creation ,
Mexico ,
National Security ,
Raytheon ,
Salesforce ,
Tariffs ,
Trade Relations ,
Trump Administration ,
Uber ,
Unemployment ,
US Trade Policies ,
Virtual Currency
That massive thud? That would be the other shoe dropping in the form of Chinese counter tariffs on another $60 billion in US goods in response to the White House’s trade moves last week....more
5/14/2019
/ Amazon Marketplace ,
Antitrust Litigation ,
Apple Inc v Pepper ,
Bayer ,
Cancer ,
China ,
Class Action ,
Cryptocurrency ,
Financial Markets ,
Imports ,
Initial Coin Offering (ICOs) ,
Interest Rates ,
Investment Fraud ,
iPhone ,
Loans ,
Marriott ,
Monopolization ,
Monsanto ,
Rental Property ,
SCOTUS ,
Share Price ,
Sprint ,
T-Mobile ,
Tariffs ,
Trade Relations ,
Trade Retaliation ,
Trump Administration ,
US Trade Policies
Chevron has dropped its $33 billion bid for Anadarko, ending the energy industry’s “fiercest takeover battle in 15 years” and leaving smaller rival Occidental “poised to become the dominant force in the largest oil field in...more
5/10/2019
/ Anti-Money Laundering ,
Audits ,
Chevron ,
China ,
Cryptocurrency ,
Danske Bank ,
Estonia ,
Financial Markets ,
FinCEN ,
Foreign Relations ,
Initial Public Offering (IPO) ,
Jeff Bezos ,
Morgan Stanley ,
Proposed Regulation ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Uber ,
US Trade Policies
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
Just how bad is the Brexit crisis for Prime Minister May? Well, she’s considering crossing the aisle and, gulp, working with the Labour Party on a departure plan. So really bad. And oh yeah, more time, please....more
4/3/2019
/ BlackRock ,
Bribery ,
Class Action ,
Criminal Conspiracy ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Disney ,
Economic Downturn ,
Equal Pay ,
Federal Reserve ,
HSBC ,
IMF ,
Insurance Regulations ,
Nissan ,
Pay Gap ,
Ponzi Scheme ,
Sex Discrimination ,
Sexual Harassment ,
Stock Markets ,
Theresa May ,
Trump Administration ,
UK Brexit ,
Wall Street ,
Wynn Resorts
After the tragic crash of Ethiopian Airlines Flight 302 this weekend, Ethiopia, Indonesia, and China have moved to ground all flights on Boeing’s new 737 Max 8 planes until further notice. ...more
3/11/2019
/ Airlines ,
Aviation Industry ,
Board of Directors ,
Boeing ,
Commerzbank ,
Competition ,
Cryptocurrency ,
Deutsche Bank ,
Federal Reserve ,
Financial Fraud ,
General Electric ,
Interest Rate Adjustments ,
Job Creation ,
Martin Shkreli ,
Technology Sector ,
Unemployment ,
Wells Fargo
As many expected, the US economy slowed in Q4 2018, growing at a 2.6% annual rate in the final three months of last year. That figure was better than some forecasters thought, but it still marks a “significant slowdown” from...more
3/1/2019
/ Amazon Marketplace ,
Audits ,
Beer ,
Breweries ,
Business Profits ,
China ,
Credit Ratings ,
Cryptocurrency ,
Data Protection ,
Department of Justice (DOJ) ,
Economic Development ,
Elon Musk ,
EU ,
Facebook ,
Fashion Industry ,
Gap Inc ,
General Data Protection Regulation (GDPR) ,
Ireland ,
KPMG ,
PCAOB ,
PG&E ,
Retail Market ,
Safety Standards ,
Tariffs ,
Tesla ,
Trade Wars ,
UK ,
UK Brexit ,
US Trade Policies ,
Wildfires
Quite a start to the week for consulting powerhouse McKinsey & Co., with a Times expose on the questionable relationship between McKinsey’s clients and the investments its hedge fund has made in those same clients, not to...more
2/20/2019
/ 5G Network ,
Automotive Industry ,
Bank of New York (BNY) Mellon ,
China ,
Class Action ,
Class Certification ,
Commercial Bankruptcy ,
Conflicts of Interest ,
Consultants ,
Corruption ,
Criminal Prosecution ,
Cryptocurrency ,
Danske Bank ,
Data Privacy ,
Department of Justice (DOJ) ,
Emerging Growth Companies ,
Facebook ,
Failure To Disclose ,
Foreign Currency ,
Germany ,
Honda ,
Huawei ,
Initial Public Offering (IPO) ,
Money Laundering ,
PCAOB ,
Regulatory Agenda ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Trade Relations ,
UK Brexit ,
US Trade Policies ,
White Collar Crimes ,
Wireless Technology
In what can only be classified as a second major “Oh yeah? Try this on for size” moment from Jeff Bezos in as many weeks, Amazon has announced that it’s canceling its planned HQ2 project in Queens, NY. Some local activists...more
2/15/2019
/ Amazon Marketplace ,
Bitcoin ,
China ,
Consumer Privacy Rights ,
Cryptocurrency ,
Facebook ,
Federal Funding ,
Federal Trade Commission (FTC) ,
Government Shutdown ,
JPMorgan Chase ,
Retail Market ,
Securities Fraud ,
Token Sales ,
Trade Relations ,
Trump Administration ,
UK ,
UK Brexit ,
Unregistered Securities ,
US Trade Policies ,
US-Mexico Border Wall ,
Wall Street
California’s trouble-plagued Pacific Gas & Electric utility has filed for Chapter 11 bankruptcy, listing debts of more than $51.7 billion....more
1/29/2019
/ Apple ,
Bonds ,
Caterpillar ,
Chapter 11 ,
China ,
Commercial Bankruptcy ,
Criminal Prosecution ,
Cryptocurrency ,
Cyber Crimes ,
Department of Justice (DOJ) ,
Government Shutdown ,
Huawei ,
Made in the USA ,
Manufacturers ,
NVIDIA ,
PG&E ,
Ponzi Scheme ,
Regulatory Agenda ,
S&P ,
Sanction Violations ,
Securities and Exchange Commission (SEC) ,
Trade Secrets ,
Trump Administration ,
UK Brexit ,
Utilities Sector ,
Wildfires
The US and China have resumed trade talks in an effort to cool down an increasingly heated trade war between the economic powerhouses....more
1/8/2019
/ Amazon Marketplace ,
China ,
Cryptocurrency ,
Exports ,
Fidelity Investments ,
Financial Services Industry ,
Global Market ,
Goldman Sachs ,
Imports ,
Infrastructure ,
Insider Trading ,
Morgan Stanley ,
Nissan ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
SoftBank ,
Stock Exchange ,
Tariffs ,
Trade Relations ,
Trump Administration ,
UK Brexit ,
US Trade Policies ,
US v Newman ,
White Collar Crimes ,
World Bank
It was quite a run, but on Thursday, ECB chief Mario Draghi announced that the bank is finally putting an end to the quantitative easing program it’s used “to hold down interest rates and encourage lending” since 2015. ...more
12/14/2018
/ Amazon Marketplace ,
Anti-Money Laundering ,
China ,
Consumer Lenders ,
Cryptocurrency ,
Deutsche Bank ,
Digital Currency ,
European Central Bank ,
Exports ,
Farms ,
Financial Services Industry ,
Food Supply ,
General Electric ,
Housing Market ,
Initial Coin Offering (ICOs) ,
Interest Rates ,
Regulatory Requirements ,
Token Sales ,
UK ,
UK Brexit ,
White Collar Crimes
GM’s Monday announcement about cutting 14,000 North American jobs drew the ire of the White House yesterday, which threatened to “end federal tax credits” that have helped subsidize the company’s electric-vehicle fleet....more
11/28/2018
/ Amazon Marketplace ,
Automotive Industry ,
China ,
Commercial Bankruptcy ,
Conde Nast ,
Cryptocurrency ,
Data Breach ,
Data Mining ,
Debt Collection ,
Electric Vehicles ,
Enforcement Actions ,
Facebook ,
General Motors ,
Hedge Funds ,
Initial Coin Offering (ICOs) ,
Layoffs ,
Medical Records ,
NFL ,
Regulatory Oversight ,
Retailers ,
Sears ,
Securities and Exchange Commission (SEC) ,
Tax Credits ,
Uber
As promised, the Fed on Wednesday announced “one of the most significant rollbacks of bank rules” since the White House changed hands in the form of a draft proposal that would loosen capital and liquidity requirements for...more
11/1/2018
/ Amazon Marketplace ,
Annuities ,
Bitcoin ,
Capital Requirements ,
Credit Ratings ,
Cryptocurrency ,
Deregulation ,
Digital Taxes ,
Disclosure Requirements ,
Financial Regulatory Reform ,
General Electric ,
Inflation Adjustments ,
Investment ,
Investment Products ,
Life Insurance ,
Liquidity ,
Minimum Wage ,
Moody's ,
Securities and Exchange Commission (SEC) ,
Stocks ,
Technology Sector ,
UK ,
Virtual Currency