Hollywood’s behind-the-scenes “version of blue-collar workers—camera operators, makeup artists, prop makers, set dressers,” and their ilk—reached a “tentative agreement for a new three-year contact with film and television...more
10/18/2021
/ CFTC ,
China Securities Regulatory Commission (CSRC) ,
Competition ,
Coronavirus/COVID-19 ,
Digital Currency ,
Entertainment Industry ,
Facebook ,
Financial Markets ,
Goldman Sachs ,
Instagram ,
Labor Relations ,
Social Media ,
Stablecoins ,
Strike ,
Unions
In unsurprising news to regular Daily Dose readers, consumer prices jumped 5.4% in September as compared to a year before, with “food, rent and furniture costs surging as a limited supply of housing and a shortage of goods...more
Live-video streaming site Twitch, an Amazon company, revealed on Wednesday that it “had endured a data breach that security researchers believe may have provided sweeping insight into the platform’s computer code, security...more
Recapping Facebook whistleblower’s testimony before the Senate on Tuesday, in which she “gave lawmakers an unvarnished look into the inner workings of the world’s largest social network . . . and detailed how the company was...more
A day after whistleblower Frances Haugen went public with many of the allegations she’s been lobbing at Facebook (so far only through the Wall Street Journal’s recent expose series), Zuck & Co. found themselves mired in one...more
10/5/2021
/ Facebook ,
Federal Trade Commission (FTC) ,
Financial Markets ,
Hulu ,
Initial Public Offering (IPO) ,
Instagram ,
NHTSA ,
Tesla ,
Volvo ,
WhatsApp ,
Whistleblowers
And like that [poof], Ozy Media is no more, shutting down on Friday after an incredible 5-day period in which reporting from Ben Smith “raised questions about the company and its leadership team” after a phone call in which a...more
10/4/2021
/ Apple ,
Facebook ,
Financial Markets ,
Goldman Sachs ,
Securities and Exchange Commission (SEC) ,
Social Media ,
Takeover Bids ,
Tesla ,
United Airlines ,
Vaccinations ,
Whistleblowers ,
YouTube
Zoom and Five9 are walking away from their proposed $15 billion deal for lack of Five9 shareholder support. Zoom’s acquisition “had drawn national security scrutiny” over funding links to China...more
Markets continued what’s been a dismal end of September with their worst performance in months on Tuesday, with the three major indices averaging a 2% drop as Treasury bond yields rose over concerns about Fed tapering and the...more
Major Fed news to start the week, as we’ve learned that Dallas Fed President Robert S. Kaplan and Boston Fed President Eric Rosengren are stepping down (both earlier than planned) in the wake of a dust-up over each “trading...more
Justice Department officials have filed a federal antitrust action against American Airlines and JetBlue, asserting that the “growing alliance between the two carriers had created a ‘de facto merger’ in the New York and...more
9/22/2021
/ American Airlines ,
China ,
Competition ,
Department of Justice (DOJ) ,
Facebook ,
Financial Markets ,
Google ,
National Security ,
Real Estate Market ,
Securities and Exchange Commission (SEC) ,
Social Media ,
Vaccinations ,
Zoom®
In welcome news for the Fed and anxious economists who have so-far stuck to their “transitory” inflation guns, Tuesday’s Department of Labor CPI release showed that “price increases for key products—like cars—were beginning...more
9/15/2021
/ Amazon ,
Apple ,
Artificial Intelligence ,
Cryptocurrency ,
Facebook ,
Financial Markets ,
FinTech ,
Instagram ,
Price Inflation ,
Special Purpose Acquisition Companies (SPACs) ,
Startups ,
Tax Haven ,
Uber ,
Whistleblowers
The team behind cryptocurrency Litecoin is scrambling after an employee “retweeted what turned out to be an untrue announcement about a partnership with Walmart Inc,” a move that briefly sent Litecoin and other cryptos...more
9/14/2021
/ Apple ,
CFTC ,
Cryptocurrency ,
Facebook ,
Financial Markets ,
Paramount Pictures ,
Pinterest ,
Pump and Dump ,
Securities and Exchange Commission (SEC) ,
Spyware ,
Viacom ,
Wal-Mart
A New York federal bankruptcy judge provisionally approved an opioid settlement plan on Wednesday that will dissolve Purdue Pharma and require members of the Sackler family (which owns Purdue) to “turn over billions of their...more
9/2/2021
/ Amazon ,
Apple ,
Biden Administration ,
Consumer Financial Protection Bureau (CFPB) ,
Electric Vehicles ,
Facebook ,
Financial Markets ,
General Data Protection Regulation (GDPR) ,
Monopolization ,
NHTSA ,
Opioid ,
Payday Loans ,
Purdue Pharma ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Tesla
Dispatch #1 from the Elizabeth Holmes Theranos criminal fraud trial, which opened yesterday with jury selection and saw the excusing of 9 of the initial batch of about 50 potential jurors for lack of vaccination...more
9/1/2021
/ Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Facebook ,
Financial Markets ,
Fraud ,
Google ,
Initial Public Offering (IPO) ,
Jury Selection ,
OCC ,
Oil & Gas ,
Private Equity ,
Surface Transportation Board ,
UK Brexit ,
Wells Fargo
While not mandating vaccines for its employees, Delta Airlines announced on Wednesday that it would begin charging unvaxxed workers enrolled in its healthcare program a monthly $200 surcharge, require Covid testing, and...more
8/26/2021
/ Asset Management ,
Coronavirus/COVID-19 ,
Delta Airlines ,
Department of Justice (DOJ) ,
Facebook ,
Fashion Industry ,
Financial Markets ,
Initial Public Offering (IPO) ,
Rental Assistance Programs ,
Securities and Exchange Commission (SEC) ,
Vaccinations
The Federal Trade Commission refiled its antitrust lawsuit against Facebook on Thursday 2 months after a federal judge dismissed the agency’s original case. The updated action repeated many of the same allegations against...more
8/20/2021
/ Amazon ,
Antitrust Investigations ,
Brick-and-Mortar Stores ,
CFTC ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
E-Commerce ,
Facebook ,
Financial Markets ,
Initial Public Offering (IPO) ,
Johnson & Johnson ,
Toyota
Facing pressure from Congress and a groundswell of complaints by parents, many of the biggest technology companies are taking belated action to improve privacy protections for their teenage users. Though the Children’s Online...more
8/18/2021
/ Big Tech ,
COPPA ,
Cybersecurity ,
Data Collection ,
Data Privacy ,
Data Protection ,
Facebook ,
Google ,
Online Advertisements ,
TikTok ,
YouTube
Big Tech earnings are in, and BIG remains the operative modifier. Apple saw its profits almost double in Q2, Microsoft had its most profitable quarter ever, and Alphabet’s revenue rose an incredible 62% compared to a year...more
On Monday, D.C. District Judge James Boasberg granted Facebook’s motion to dismiss the antitrust lawsuits filed by the Federal Trade Commission and 40+ states in “a stunning setback to regulators’ efforts to break up...more
Jobs Report Friday again, and after a big miss on April’s rather lackluster numbers, all eyes will be on May’s figures. Lots to watch for here....more
6/4/2021
/ Activist Investors ,
Anti-Competitive ,
Attorney-Client Privilege ,
Capital Raising ,
Coronavirus/COVID-19 ,
Economic Growth ,
Facebook ,
General Motors ,
Infectious Diseases ,
Internet Memes ,
Job Creation ,
Special Purpose Acquisition Companies (SPACs) ,
Theranos ,
Unemployment
After a series of denials, it has emerged that Colonial Pipeline reportedly paid 75 Bitcoin (roughly $5 million) to recover its stolen data from last weekend’s ransomware attack. The move likely put a quicker end to the...more
5/14/2021
/ Air Quality Standards ,
Amazon Marketplace ,
Bank of America ,
Big Tech ,
Critical Infrastructure Sectors ,
Cyber Attacks ,
Disney ,
Facebook ,
Financial Markets ,
Hackers ,
International Data Transfers ,
Ireland ,
McDonalds ,
Microchip Technology ,
Oil & Gas ,
Pipelines ,
Unemployment ,
Wage and Hour
Stocks fell again on Wednesday, the third day of losses in a row, and bond yields rose, spurred on by a 4.2% CPI increase as compared to a year ago. Though analysts were expecting that surge ...more
5/13/2021
/ Amazon ,
Biden Administration ,
Consumer Price Index ,
Cryptocurrency ,
Elon Musk ,
EU ,
Facebook ,
Financial Markets ,
General Motors ,
Hackers ,
Initial Public Offering (IPO) ,
Labor Law Violations ,
Mexico ,
Non-Fungible Tokens (NFTs) ,
Pipelines ,
Stock Prices ,
Tesla ,
Volvo
More details on that massive ransomware hack that hit Colonial Pipeline over the weekend. The FBI has confirmed that hacking group DarkSide was responsible and that it’s “looking for any ties the group might have to...more
5/11/2021
/ 1MDB ,
American Rescue Plan Act of 2021 ,
Chipotle Grill ,
Citigroup ,
Cryptocurrency ,
Data Breach ,
Deutsche Bank ,
Driverless Cars ,
Embezzlement ,
Facebook ,
FBI ,
Federal Funding ,
Hackers ,
Infrastructure ,
Instagram ,
NTSB ,
Oil & Gas ,
Online Safety for Children ,
Pipelines ,
Special Purpose Acquisition Companies (SPACs) ,
Tesla ,
Victoria Secret ,
Wage and Hour
Peloton has recalled all of its treadmill models—the Tread+ and Tread—“less than a month after it fought the U.S. Consumer Product Safety Commission as it warned that dozens of injuries and one death of a child had been...more
5/6/2021
/ Biden Administration ,
Brokers ,
Cryptocurrency ,
Department of Labor (DOL) ,
Facebook ,
Financial Markets ,
Gig Economy ,
Independent Contractors ,
Intellectual Property Protection ,
Investment Management ,
Labor Reform ,
Labor Regulations ,
Pharmaceutical Patents ,
Product Defects ,
Product Recalls ,
Regulatory Agenda ,
Robinhood Financial ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Uber ,
Vaccinations
The Fed’s Open Market Committee meeting broke yesterday leaving rates at near-zero and pledging to “continue buying government-backed bonds at a steady pace as it tries to support the economy’s recovery from the coronavirus...more
4/29/2021
/ Administrative Appointments ,
Administrative Resignation ,
AOL ,
Apple ,
Biden Administration ,
Big Tech ,
Chipotle Grill ,
Earnings Reports ,
Economic Growth ,
Elon Musk ,
Exxon Mobil ,
Facebook ,
Federal Reserve ,
Ford Motor ,
Human Rights ,
Interest Rate Adjustments ,
Labor Law Violations ,
Legislative Agendas ,
Microchip Technology ,
Recovery Plans ,
Securities and Exchange Commission (SEC) ,
Supply Chain ,
Verizon ,
Work Schedules ,
Yahoo!