In a House Select Subcommittee meeting on Tuesday, Treasury Secretary Steven Mnuchin called for more Congressional action to provide coronavirus relief and promised a White House initiative to protect renters from eviction....more
9/2/2020
/ Algorithms ,
Arrest Warrants ,
Bonds ,
China ,
Coronavirus/COVID-19 ,
Dating Services ,
Diversity ,
EU ,
Eviction ,
Export Controls ,
Furloughs ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Market Manipulation ,
McDonalds ,
Mobile Apps ,
Mortgages ,
Offerings ,
Oil Prices ,
Race Discrimination ,
Refinancing ,
Relief Measures ,
Samsung ,
Secretary of the Treasury ,
South Korea ,
Tesla ,
TikTok ,
Unemployment
Despite an earlier White House promise to postpone, American and Chinese trade negotiators met via videoconference on Monday to discuss “the status of the trade deal both nations signed in January, a pact that continues to...more
8/26/2020
/ Amgen ,
Apple ,
China ,
Coronavirus/COVID-19 ,
Dow Jones ,
E-Commerce ,
EPIC ,
EU ,
Exxon Mobil ,
Federal Reserve ,
Financial Markets ,
Government Lockdown ,
Home Depot ,
Honeywell International ,
Infectious Diseases ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Layoffs ,
Life Sciences ,
Pfizer ,
Raytheon ,
Remote Learning ,
Retail Market ,
Salesforce ,
Stock Prices ,
Stock Splits ,
Supply and Demand ,
Supply Chain ,
Takeda Pharmaceuticals ,
Target ,
Trade Relations ,
Trump Administration ,
US Trade Policies ,
Video Games ,
Wal-Mart ,
Zoom®
Major shakeup at Ford, where CEO Jim Hackett is out after a three-year stint in which he “achieved mixed results” but didn’t impress Wall Street enough to keep his job. Ford has installed COO James Farley, a Toyota alum who’s...more
8/6/2020
/ Anti-Competitive ,
Antitrust Violations ,
BP ,
Business Interruption ,
CEOs ,
Commercial Bankruptcy ,
Commercial Insurance Policies ,
Department of Justice (DOJ) ,
Disney ,
Enforcement Actions ,
EU ,
Financial Markets ,
Fitbit ,
Ford Motor ,
Google ,
Government Investigations ,
Kodak ,
Newspapers ,
Opioid ,
Prescription Drugs ,
Purdue Pharma ,
Revenue ,
Securities and Exchange Commission (SEC) ,
Share Price
Following recent histrionics from the White House, ByteDance, “the Chinese internet giant that owns TikTok, has offered to sell all of the popular video app’s American operations as a way to save the business from being...more
8/4/2020
/ 7-Eleven ,
Airlines ,
Apple ,
Chapter 11 ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
EU ,
Facebook ,
FinTech ,
Foreign Currency ,
Gas Stations ,
GDP ,
Hate Speech ,
Hertz ,
iPhone ,
Layoffs ,
Lord & Taylor ,
Microsoft ,
Mobile Apps ,
Mobile Payments ,
Online Advertisements ,
Payment Processors ,
Permanent Bans ,
Popular ,
Race Relations ,
Reputational Injury ,
Rupert Murdoch ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Startups ,
Tesla ,
TikTok ,
Trump Administration ,
Valeant
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
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
On Monday, the Supreme Court delivered a surprising and monumental win for LGBTQ and transgender Americans, ruling 6-3 that the Civil Rights Act of 1964 applies to protect “gay and transgender workers from workplace...more
6/16/2020
/ 24-Hour Fitness ,
Altitude Express Inc v Zarda ,
Amazon Marketplace ,
App Store ,
Apple ,
Bond Markets ,
Bostock v Clayton County Georgia ,
BP ,
Chapter 11 ,
Civil Rights Act ,
Coronavirus/COVID-19 ,
Cyber-Stalking ,
Data Collection ,
eBay ,
EEOC v RG & GR Harris Funeral Homes ,
Employer Liability Issues ,
EU ,
Federal Reserve ,
Gender Identity ,
Hiring & Firing ,
LGBTQ ,
Oil & Gas ,
SCOTUS ,
Senate Banking Committee ,
Sex Discrimination ,
Sexual Orientation ,
Sexual Orientation Discrimination ,
Title VII ,
Transgender
The European Union’s antitrust authority is reportedly within days of filing charges against Amazon for the company’s “treatment of third-party sellers,” the latest step in a “two-year probe into Amazon’s alleged mistreatment...more
6/11/2020
/ Amazon Marketplace ,
Antitrust Provisions ,
Antitrust Violations ,
Bid Rigging ,
CARES Act ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
EU ,
Federal Reserve ,
Financial Stimulus ,
FinTech ,
Hertz ,
Insolvency ,
Interest Rates ,
NYSE ,
Paycheck Protection Program (PPP) ,
Popular ,
Price-Fixing ,
Tyson Foods ,
Unemployment
With HBO Max entering the fray today, we’ve got your latest dispatch from the streaming wars, including thoughts on Max’s ability to deliver on its promise to “crush” Netflix despite a very crowded playing field, a spendy...more
5/28/2020
/ Amazon Marketplace ,
AT&T ,
Boeing ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Corporate Bonuses ,
Dow Jones ,
Driverless Cars ,
EU ,
Financial Markets ,
Financial Stimulus ,
Gig Economy ,
Google ,
HBO ,
Hertz ,
Independent Contractors ,
Initial Public Offering (IPO) ,
Internet Streaming ,
Layoffs ,
Lyft ,
Popular ,
Recessions ,
Stock Prices ,
Taco Bell ,
Uber ,
Unemployment Benefits ,
Wal-Mart ,
Wall Street ,
Warner Music Group
Another round of unemployment reporting has pushed the newly jobless figure over 30 million in just the past 6 weeks, as the coronavirus continues to wreak economic havoc in the U.S. Even that staggering figure is...more
5/4/2020
/ Amazon Marketplace ,
CARES Act ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
E-Commerce ,
Economic Downturn ,
EU ,
European Central Bank ,
Financial Markets ,
J Crew ,
Loans ,
Paycheck Protection Program (PPP) ,
Stock Prices ,
Unemployment
The PPP is again flush with cash but also full of problems. Yesterday, that took the form of a Small Business Administration’s system for processing loan applications crashing within the first hours that the program reopened....more
4/29/2020
/ Affordable Care Act ,
Apple ,
CARES Act ,
Coronavirus/COVID-19 ,
EU ,
Federal Loans ,
Federal Reserve ,
Food Supply ,
Foreign Investment ,
HSBC ,
iPhone ,
Loans ,
Oil Prices ,
Paycheck Protection Program (PPP) ,
Re-Opening Guidelines ,
Relief Measures ,
Saudi Arabia ,
SCOTUS ,
Sovereign Wealth Funds
Late action by the Senate to pass a second COVID-19 relief package (that the White House soon signed) may [key word may] help markets yo-yo back upward today after a dismal Wednesday driven by crazy-low oil prices (West Texas...more
3/19/2020
/ Bailout ,
Coronavirus/COVID-19 ,
EU ,
European Central Bank ,
Families First Coronavirus Response Act (FFCRA) ,
Family and Medical Leave Act (FMLA) ,
Federal Labor Laws ,
Federal Reserve ,
Financial Markets ,
Financial Stimulus ,
FinTech ,
Gig Economy ,
Health Insurance ,
Hedge Funds ,
Independent Contractors ,
Medical Devices ,
Mutual Funds ,
New Legislation ,
Oil Prices ,
Public Health ,
Recessions ,
Sick Leave ,
Sick Pay ,
Sovereign Wealth Funds ,
Stock Redemption ,
Trump Administration ,
Workplace Safety
It’s been a week or so, and we’re running out of ways to say that this is bad. But it certainly is. Your bear market stats for the day: the biggest daily drop by percentage for both the S&P 500 and the Dow Jones Industrial...more
3/13/2020
/ AirBnB ,
Aircraft ,
Amazon Marketplace ,
Aviation Industry ,
Bid Protests ,
Boeing ,
Business Continuity Plans ,
Business Interruption ,
CEOs ,
China ,
Cloud Computing ,
Competitive Bidding ,
Coronavirus/COVID-19 ,
Defense Sector ,
Department of Defense (DOD) ,
Dow Jones ,
E-Cigarettes ,
Economic Downturn ,
EU ,
European Central Bank ,
FDIC ,
Federal Contractors ,
Financial Markets ,
Financial Stimulus ,
Foreign Nationals ,
Gig Economy ,
Infectious Diseases ,
Interference Claims ,
Jeff Bezos ,
Microsoft ,
Paid Leave ,
Paid Time Off (PTO) ,
Popular ,
Public Health ,
Quarantine ,
RBS ,
Relief Measures ,
Resignation ,
Revenue ,
RMBS ,
S&P ,
Share Buybacks ,
SoftBank ,
Stock Prices ,
Travel Ban ,
Trump Administration ,
Wage and Hour
Despite news of additional COVID-19-related deaths and infections in America, central bankers appear to have bought at least one day of peace for US markets, which posted strong gains on a late surge on Monday, breaking a...more
3/3/2020
/ Apple ,
Banks ,
Best Practices ,
Bid Rigging ,
CEOs ,
China ,
Coronavirus/COVID-19 ,
Criminal Conspiracy ,
Criminal Penalties ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Disgorgement ,
Drug Pricing ,
Economic Downturn ,
Emergency Management Plans ,
Enforcement Actions ,
EU ,
Financial Markets ,
General Electric ,
Generic Drugs ,
Global Market ,
Hewlett-Packard ,
Infectious Diseases ,
Multidistrict Litigation ,
Novartis ,
Oil & Gas ,
OPEC ,
Oral Argument ,
Pharmaceutical Industry ,
Price-Fixing ,
Public Health ,
Risk Management ,
Sandoz ,
Securities and Exchange Commission (SEC) ,
Stock Prices ,
Takeover Bids ,
Wireless Industry ,
Wireless Technology ,
Xerox
Apple announced that the coronavirus outbreak that’s brought Chinese manufacturing to a near-standstill and continues to spread around the world will affect its quarterly sales expectations. The news makes Apple “one of the...more
2/18/2020
/ Alstom ,
Amazon Marketplace ,
Antitrust Violations ,
Apple ,
Bayer ,
Bond Markets ,
Business Interruption ,
China ,
Climate Change ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Corporate Liability ,
Dairy Farmers ,
Dairy Farmers of America ,
Data Breach ,
DuPont ,
EU ,
Facebook ,
France ,
Hackers ,
HSBC ,
Internet ,
Jeff Bezos ,
Layoffs ,
Manufacturers ,
Mark Zuckerberg ,
Monsanto ,
Online Platforms ,
Pesticides ,
Ransomware ,
Regulatory Oversight ,
Retailers ,
Revenue ,
Toxic Chemicals
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
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
The OCC announced yesterday that it’s bringing enforcement actions against five former Wells Fargo bank executives as part of their alleged roles in the bank’s sales practices scandal. The agency further revealed that it’s...more
1/24/2020
/ Apple ,
Board of Directors ,
Bribery ,
Broadcom ,
China ,
Climate Change ,
Consumer Financial Products ,
Corporate Executives ,
Credit Scores ,
Criminal Prosecution ,
Cross-Selling ,
Debt ,
Diversity and Inclusion Standards (D&I) ,
Enforcement Actions ,
EU ,
European Central Bank ,
Financial Crisis ,
Financial Markets ,
Financial Services Industry ,
Foreign Currency ,
Goldman Sachs ,
Healthcare Fraud ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Interest Rates ,
Loans ,
Microchip Technology ,
OCC ,
Opioid ,
Pain Management ,
Physicians ,
Popular ,
Prescription Drugs ,
Public Health ,
Racketeering ,
Underwriting ,
Wells Fargo
Boeing has again pushed back the return of its flawed 737Max model, revealing yesterday that it doesn’t expect regulators to sign-off on their return to the air until at least summer....more
1/22/2020
/ Agribusiness ,
Aviation Industry ,
Bailout ,
Boeing ,
Brazil ,
Business Valuations ,
China ,
Citibank ,
Criminal Prosecution ,
Dams ,
EU ,
Farms ,
Flood Insurance ,
Foreign Relations ,
France ,
Homicide ,
Manufacturers ,
Mining ,
Non-Disclosure Agreement ,
OCC ,
Popular ,
Startups ,
Tariffs ,
Trade Wars ,
UK ,
UK Brexit ,
Unicorns ,
US Trade Policies
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
While there’s plenty of other business afoot in D.C. these days, it also happens to have been a pretty big week for trade deals. A day after Phase One with China was inked, the Senate overwhelmingly approved a revised...more
1/17/2020
/ Administrative Appointments ,
Bayer ,
Business Valuations ,
Canada ,
Cancer ,
Comcast ,
Cross-Border Transactions ,
EU ,
Exports ,
Facebook ,
Federal Reserve ,
Foreign Relations ,
Free Trade Agreements ,
Germany ,
Google ,
Huawei ,
Imports ,
International Trade Disputes ,
Internet Streaming ,
Mexico ,
Monsanto ,
NAFTA ,
Online Advertisements ,
Pesticides ,
Pharmaceutical Industry ,
Raids ,
Social Media ,
Stock Markets ,
Stock Prices ,
Toxic Exposure ,
Trade Negotiations ,
Trade Relations ,
Trump Administration ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies ,
WhatsApp ,
WTO
Hackers who targeted airport currency exchange mainstay Travelex in a ransomware attack on New Year’s Eve have alerted British media that they possess 5 GB of sensitive customer data from the company “since gaining access to...more
1/10/2020
/ Aircraft Equipment ,
Airplane Accidents ,
Airports ,
Bailout ,
Barclays ,
Boeing ,
China ,
Cross-Border Transactions ,
Currency Exchange ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Economic Growth ,
EU ,
Exports ,
Failure to Comply ,
Financial Markets ,
Financial Transactions ,
Foreign Exchanges ,
Foreign Relations ,
Forex ,
Goldman Sachs ,
GrubHub ,
Hackers ,
Imports ,
Information Governance ,
Information Technology ,
Insurance Industry ,
Interest Rate Adjustments ,
Interest Rates ,
Internal Communications ,
Iran ,
Job Creation ,
Jobs Report ,
Legislative Agendas ,
Lloyds Banking Group ,
Mergers ,
Mining ,
On-Demand Services ,
Pending Legislation ,
Popular ,
Ransomware ,
Retail Banks ,
Revenue ,
Stock Prices ,
Tariffs ,
Trade Negotiations ,
Trade Relations ,
UK ,
UK Brexit ,
Unemployment ,
US Trade Policies ,
Wages
Goldman Sachs is reportedly in negotiations with federal prosecutors to resolve claims about its role in the Malaysian 1MDB scandal for upwards of $2 billion. A settlement—which “could include a guilty plea from Goldman’s...more
12/20/2019
/ #MeToo ,
1MDB ,
401k ,
Bank of England ,
Banks ,
Bribery ,
Compliance ,
Corruption ,
Criminal Prosecution ,
Cross-Border Transactions ,
Employee Benefits ,
Enforcement Actions ,
Equal Employment Opportunity Commission (EEOC) ,
EU ,
Failure to Comply ,
Federal Budget ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Markets ,
Foreign Corrupt Practices Act (FCPA) ,
FSB ,
Germany ,
Goldman Sachs ,
Inflation Adjustments ,
Interest Rates ,
Legislative Agendas ,
Leveraged Loans ,
Malaysia ,
Mobile Apps ,
Money Laundering ,
Morgan Stanley ,
Oil & Gas ,
Pending Legislation ,
Pensions ,
Popular ,
Regulatory Violations ,
Retirement Plan ,
Ridesharing ,
Securities Transactions ,
Sexual Harassment ,
Sovereign Wealth Funds ,
Sweden ,
Uber ,
UK ,
United States-Mexico-Canada Agreement (USMCA) ,
Upstream Contracts ,
Wall Street ,
White Collar Crimes
Fiat Chrysler and rival Peugeot have agreed to binding merger terms that, if approved by US and European regulators, would create a “$50 billion auto giant that would rank among the world’s largest car companies by sales”....more
12/18/2019
/ Aircraft Sales ,
Amazon ,
Automotive Industry ,
Banks ,
Bed Bath & Beyond ,
Boeing ,
Bond Markets ,
Borrowers ,
Capital Raising ,
CBS ,
Chrysler ,
Competition ,
Complaint Procedures ,
Consumer Financial Products ,
Diversity and Inclusion Standards (D&I) ,
DNA ,
E-Commerce ,
Electricity ,
Equipment Failure ,
EU ,
Fannie Mae ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Fiat ,
Financial Markets ,
Financial Services Industry ,
Financing ,
Freddie Mac ,
Goldman Sachs ,
Infrastructure ,
Institutional Investors ,
Interest Rate Adjustments ,
Life Sciences ,
Monopolization ,
Mortgage Lenders ,
Mortgages ,
Natural Disasters ,
Office Space ,
Peugeot ,
PG&E ,
Popular ,
Publicly-Traded Companies ,
Rate-Rigging ,
Real Estate Investments ,
Retailers ,
Retaliation ,
Settlement Agreements ,
Sharing Economy ,
SoftBank ,
Startups ,
Trump Administration ,
UK ,
UK Brexit ,
Wildfires
The US and China have reportedly reached an initial agreement on the “final terms of a phase one trade deal, moving both countries closer to signing a pact that” the White House originally announced in October and averting...more
12/13/2019
/ Antitrust Violations ,
China ,
Competition ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Debit and Credit Card Transactions ,
Debt ,
Digital Wallets ,
Economic Growth ,
EU ,
European Central Bank ,
Exports ,
Facebook ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Franchisee ,
Full-Time Employees ,
Google ,
Imports ,
Joint Employers ,
Labor Law Violations ,
Manufacturers ,
McDonalds ,
Mobile Apps ,
Online Gaming ,
PayPal ,
Political Campaigns ,
Preliminary Injunctions ,
Prepaid Payment Products ,
Revenue ,
Revenue Sharing ,
Settlement Agreements ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trade Retaliation ,
Trade Wars ,
Trump Administration ,
UK ,
UK Brexit ,
Unemployment ,
US Trade Policies ,
Venmo