Here’s a fun little exercise. Pull up a chart of Tuesday's market activity, and see if you can pinpoint the exact moment the White House announced to the world that it was pulling support for another Covid stimulus bill...more
10/8/2020
/ Amazon Marketplace ,
Antitrust Provisions ,
Apple ,
Banks ,
Coronavirus/COVID-19 ,
EU ,
Facebook ,
Financial Stimulus ,
General Electric ,
Google ,
H-1B ,
Highly-Skilled Workers Visa ,
Monopolization ,
Relief Measures ,
Securities and Exchange Commission (SEC) ,
Trade Deficit ,
Trump Administration ,
UK ,
UK Brexit ,
Wells Notice
Along with the topline numbers (661,000 jobs added in September and unemployment rate declined to 7.9%), Friday’s U.S Jobs Report delivered the rough news that 2.4 million Americans have now been out of work for 27 weeks or...more
10/5/2020
/ Antitrust Provisions ,
China ,
Coronavirus/COVID-19 ,
Credit Suisse ,
Facebook ,
Federal Bans ,
Financial Markets ,
Infectious Diseases ,
Mobile Apps ,
Recessions ,
Tesla ,
TikTok ,
Trade Policy ,
Trump Administration ,
Unemployment ,
USTR ,
Vietnam
JPMorgan is preparing to finalize a deal with federal prosecutors and regulators in which the bank would pay nearly $1 billion to “settle civil and criminal charges that its traders rigged futures and securities markets”...more
9/24/2020
/ App Store ,
Apple ,
Big Data ,
China ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
E-Commerce ,
Electric Vehicles ,
EPIC ,
Facebook ,
Financial Markets ,
Food Supply ,
Futures ,
Global Warming ,
Google ,
Infectious Diseases ,
JPMorgan Chase ,
Mars ,
Mobile Apps ,
Oracle ,
Race Discrimination ,
Race Relations ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
Spoofing ,
Spotify ,
Stock Prices ,
TikTok ,
Tinder ,
Trump Administration ,
Twitter ,
Wal-Mart ,
Wall Street ,
Wells Fargo
A World Trade Organization panel on Tuesday declared that the U.S.’s 2018 tariffs on China “violated international trade rules,” siding with China and its allegations that the White House’s trade war broke, among other...more
9/16/2020
/ Aluminum Sales ,
Anti-Competitive ,
Antitrust Violations ,
Apple ,
Canada ,
China ,
CMBS ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Facebook ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
FOMC ,
Heinz ,
Hotels ,
Infectious Diseases ,
Itt Educational Services ,
Kraft ,
Main Street Lending Programs ,
Mark Zuckerberg ,
Movie Theaters ,
Movies ,
Ponzi Scheme ,
Private Student Loans ,
Retaliatory Tariffs ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Trade Relations ,
Trump Administration ,
Unfair or Deceptive Trade Practices ,
US Trade Policies ,
WTO
Federal authorities are prepping to “reprimand Citigroup Inc. for failing to improve its risk-management systems—an expansive set of technology and procedures designed to detect problematic transactions, risky trades and...more
9/15/2020
/ Amazon Marketplace ,
Apple ,
Berkshire Hathaway ,
BNSF Railway ,
Citigroup ,
Electric Vehicles ,
Enforcement Actions ,
Facebook ,
Financial Transactions ,
Generic Drugs ,
Hiring & Firing ,
iPhone ,
Job Creation ,
Kodak ,
Layoffs ,
National Emissions Standards ,
National Security ,
Northern Ireland ,
Oracle ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
TikTok ,
TracFone Wireless ,
UK Brexit ,
Verizon ,
Volkswagen ,
Whistleblowers ,
Woman Board Members
New concerns from Ireland’s Data Protection Commission about Facebook’s protection of information from American government surveillance may soon force the social networking giant to “overhaul its operations to keep data on...more
9/10/2020
/ CARES Act ,
Commercial Bankruptcy ,
Criminal Prosecution ,
Data Protection ,
Department of Labor (DOL) ,
EU ,
Facebook ,
Fraud ,
Infrastructure ,
International Data Transfers ,
JCPenney ,
Job Creation ,
Joint Employers ,
JPMorgan Chase ,
Mobile Apps ,
Paycheck Protection Program (PPP) ,
Popular ,
Railways ,
Shopping Centers ,
Social Media ,
Takeover Bids ,
Theranos ,
TikTok ,
Unemployment
Still-new TIkTok CEO Kevin Mayer has stepped down, “just months after taking the helm of the viral short video app.” ByteDance had appointed Mayer in May in an effort “to make the case that TikTok operates as a separate...more
8/28/2020
/ Accredited Investors ,
Apple ,
Banks ,
Bitcoin ,
China ,
Consumer Privacy Rights ,
Coronavirus/COVID-19 ,
Data Collection ,
Data Mining ,
Disney ,
Economic Sanctions ,
Facebook ,
Federal Reserve ,
Ford Motor ,
Goods or Services ,
Hiring & Firing ,
Infectious Diseases ,
iPhone ,
Layoffs ,
Mark Zuckerberg ,
Mobile Apps ,
National Security ,
Online Advertisements ,
Remote Working ,
Salesforce ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Social Media ,
Telecommuting ,
TikTok ,
Trump Administration
More on TikTok’s plans to sue the U.S. over the White House’s recent executive orders seeking to block the app on American soil and force its owner, ByteDance, to sell its American assets. The company intends to argue that...more
8/24/2020
/ Agribusiness ,
Alphabet Company ,
Amazon Marketplace ,
Apple ,
China ,
Constitutional Challenges ,
Coronavirus/COVID-19 ,
Credit Suisse ,
Criminal Investigations ,
Data Collection ,
Executive Orders ,
Facebook ,
Farms ,
Federal Bans ,
Financial Crimes ,
Food Supply ,
Goldman Sachs ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Instant Messaging Apps ,
Layoffs ,
Mark Zuckerberg ,
Microsoft ,
Mobile Apps ,
Movie Theaters ,
National Security ,
Oil Prices ,
Personal Data ,
Private Equity Firms ,
Re-Opening Guidelines ,
Social Media ,
Supply and Demand ,
TikTok ,
Trump Administration ,
Unemployment ,
Wells Notice
Never one to let a competitor’s misfortune pass by without looking for an opportunity, Facebook’s Instagram is hoping to capitalize on TikTok’s questionable U.S. status by launching Reels, a new feature that allows users to...more
8/7/2020
/ Amazon Marketplace ,
CalPERS ,
Commerzbank ,
Deferred Action ,
Facebook ,
Initial Public Offering (IPO) ,
Jeff Bezos ,
Kodak ,
Loans ,
Microsoft ,
Pharmaceutical Industry ,
Popular ,
Preferred Shares ,
Prescription Drugs ,
Quicken Loans ,
Social Media ,
TikTok ,
Trump Administration ,
Unemployment
Twitter will pay the Federal Trade Commission up to $250 million to “resolve new charges . . . that the social media giant breached a 2011 consent decree by using data provided for security purposes to target users with...more
8/4/2020
/ AIG ,
Argentina ,
Bank of America ,
Banks ,
BlackRock ,
Boeing ,
Bonds ,
Chapter 11 ,
China ,
Class Action ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Debt Restructuring ,
Facebook ,
Federal Aviation Administration (FAA) ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Fraud ,
Hedge Funds ,
Mark Zuckerberg ,
Microsoft ,
Mortgage Escrow Account ,
Office Space ,
Online Advertisements ,
Re-Opening Guidelines ,
Regulatory Violations ,
Retail Market ,
SBA ,
SBA Lending Programs ,
Social Media ,
TikTok ,
Trump Administration ,
Twitter
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
Much more on what to expect from Big Tech’s “Big Tobacco Moment” on the Hill today, at which Google, Amazon, Facebook, and Apple’s CEOs will endeavor to make the case that their massive companies don’t “stifle rivals and...more
7/30/2020
/ Amazon Marketplace ,
Anti-Competitive ,
Apple ,
Campaign Finance Reform ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Defense Production Act ,
Facebook ,
Federal Loans ,
Federal Reserve ,
FOMC ,
Goldman Sachs ,
Google ,
Kodak ,
Lyft ,
National Security ,
Pharmaceutical Industry ,
Remote Learning ,
Securities and Exchange Commission (SEC) ,
Uber ,
Unemployment Benefits
OPEC and its oil-producing allies (in Russia and elsewhere) are reportedly working on a plan to ease cuts on oil production they agreed upon in April “amid signs that demand is returning to normal levels following...more
7/14/2020
/ Antitrust Violations ,
Coronavirus/COVID-19 ,
Disney ,
Exploration and Production Assets ,
Facebook ,
Florida ,
For Profit Colleges ,
France ,
Google ,
Infrastructure ,
Investment Funds ,
Loan Forgiveness ,
Oil & Gas ,
OPEC ,
Personal Protective Equipment ,
Political Advertising ,
Re-Opening Guidelines ,
Recovery Plans ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Student Loans ,
Tariffs ,
Threshold Requirements ,
Trump Administration
German lender Deutsche Bank has reached a $150 million settlement with NY’s Department of Financial Services over its years long failure to “detect or prevent millions of dollars of suspicious transactions” from flowing...more
7/8/2020
/ Consumer Financial Protection Bureau (CFPB) ,
Deutsche Bank ,
Facebook ,
Financial Institutions ,
Financial Markets ,
Hate Speech ,
Hong Kong ,
Investment Adviser ,
NYDFS ,
Paycheck Protection Program (PPP) ,
Payday Lending Rule ,
Settlement ,
Suspicious Activities ,
Technology Sector
With the Treasury Department’s release of PPP data on Monday, we now have a clearer picture of the top recipients of the government’s “$660 billion small business relief program,” with “restaurants, medical offices and car...more
Fracking pioneer Chesapeake Energy has filed for bankruptcy, “unable to overcome a mountain of debt that became unsustainable after a decade of stubbornly low gas prices.” The company grew wildly in the early 2000s under...more
6/29/2020
/ Boeing ,
Bonds ,
Chapter 11 ,
China ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Facebook ,
Federal Reserve ,
Financial Markets ,
Fracking ,
National Security ,
Online Advertisements ,
Trade Relations
Germany’s Federal Court of Justice upheld a decision by the country’s antitrust watchdog on Tuesday that “Facebook had abused its dominance in social media to illegally harvest data about its users”—a “major victory for...more
6/26/2020
/ CARES Act ,
Chapter 11 ,
Commercial Bankruptcy ,
Data Collection ,
Department of Justice (DOJ) ,
Facebook ,
Financial Stimulus ,
Google ,
Johnson & Johnson ,
Legislative Agendas ,
Paycheck Protection Program (PPP) ,
Tariffs
Rising infection rates around the U.S. and the globe are worrying markets, as fear of a second wave of cases linked with the reopening of the economy freaks out traders....more
6/15/2020
/ Amazon Marketplace ,
American Express ,
Apple ,
China ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Corporate Culture ,
Employer Liability Issues ,
Facebook ,
Federal Reserve ,
Financial Crimes ,
Financial Markets ,
Financial Services Industry ,
Foreign Currency ,
Google ,
Hertz ,
Liability ,
Microsoft ,
Nissan ,
Payment Processors ,
PayPal ,
Race Relations ,
Recessions ,
Recovery Plans ,
Small Business ,
Social Distancing ,
Square ,
Unemployment
A proposed class action filed in federal court in California on Tuesday accuses Google of “surreptitiously amass[ing] billions of bits of information—every day—about internet users even if they opt out of sharing their...more
6/3/2020
/ Cancer ,
CARES Act ,
Class Action ,
Coronavirus/COVID-19 ,
Data Collection ,
Deutsche Bank ,
Facebook ,
Google ,
Microsoft ,
Monsanto ,
Non-Performing Loans (NPL) ,
Police Brutality ,
Protests ,
Slack ,
Twitter ,
Zoom®
New estimates from the Congressional Budget Office suggest that the “U.S. economy could take the better part of a decade to fully recover from the coronavirus pandemic and related shutdown” and see as much as a 3% contraction...more
6/2/2020
/ CBO Report ,
China ,
Coronavirus/COVID-19 ,
Discharge of Pollutants ,
Economic Downturn ,
Facebook ,
Financial Crisis ,
GDP ,
Mark Zuckerberg ,
Oil & Gas ,
Puerto Rico ,
Puerto Rico Oversight Management and Economic Stability Act (PROMESA) ,
Regulatory Oversight ,
REIT ,
SCOTUS ,
Virtual Currency ,
Volkswagen ,
Zoom®
Optimism over promising results for a coronavirus vaccine from Moderna helped drive stocks up on Monday after a rough go of it last week....more
5/19/2020
/ Anti-Competitive ,
Antitrust Investigations ,
Beer ,
Chapter 11 ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Credit ,
Department of Justice (DOJ) ,
Department of Labor (DOL) ,
Disney ,
Economic Downturn ,
Facebook ,
Fair Labor Standards Act (FLSA) ,
Federal Reserve ,
Financial Markets ,
Google ,
JCPenney ,
Leverage Ratio ,
Life Sciences ,
Moderna Inc. ,
Online Advertisements ,
PG&E ,
Pharmaceutical Industry ,
Public Health ,
Retailers ,
SoftBank ,
Stock Prices ,
T-Mobile ,
Vaccinations ,
White-Collar Exemptions ,
Wildfires
The latest from Chair Powell and the Fed from his Peterson Institute appearance this week, including the stark warning that the U.S. was “experiencing an economic hit ‘without modern precedent’” that could “permanently damage...more
5/15/2020
/ Breach of Duty ,
Coal Industry ,
Coronavirus/COVID-19 ,
Data Breach ,
Derivative Suit ,
E-Commerce ,
Economic Downturn ,
Elon Musk ,
Facebook ,
Federal Reserve ,
Fiduciary Duty ,
Goldman Sachs ,
Government Lockdown ,
GrubHub ,
Investment ,
On-Demand Services ,
Renewable Energy ,
Retail Market ,
Retirement Plan ,
Shelter-In-Place ,
Tesla ,
Uber ,
Unemployment ,
Zoom®
Uber and Grubhub are in talks to join forces, “aiming to create one giant player in food delivery as more people turn toward those services in the coronavirus pandemic.” Uber reportedly approached Grubhub with a potential...more
5/13/2020
/ Advertising ,
Agribusiness ,
Coronavirus/COVID-19 ,
Disney ,
Facebook ,
Farms ,
Food Commodities ,
Food Supply ,
GrubHub ,
investment-a ,
JPMorgan Chase ,
On-Demand Services ,
Popular ,
PTSD ,
Remote Working ,
Retail Market ,
Revenue Growth ,
Securities and Exchange Commission (SEC) ,
Settlement ,
Social Media ,
Stock Prices ,
Telecommuting ,
Uber ,
Workplace Injury
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 Fed closed out its April Open Markets Committee by holding rates steady at nearly zero but also pledging to “use its ‘full range of tools’ to insulate the economy as coronavirus lockdowns sap economic growth and throw...more
4/30/2020
/ Boeing ,
Business Interruption ,
Commercial Bankruptcy ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Director Kraninger ,
Facebook ,
Federal Reserve ,
GDP ,
Hertz ,
Insurance Claims ,
Interest Rate Adjustments ,
Layoffs ,
Payday Lending Rule ,
Payday Loans ,
Quarterly Report ,
Recessions