U.S. job openings remained strong, “with 11.5 million positions listed as available in March, underscoring the continuing strength of the labor market.” The number of workers voluntarily leaving jobs “also reached a high” in...more
Volkswagen and company shareholders are “in advance talks that could lead to the initial public offering of the iconic Porsche AG sports-car maker.” Spinning off Porsche via IPO would help give VW the “fresh cash” in needs to...more
Consumer Price Index numbers out on Wednesday hit economists’ expectations, an increase of 7% as compared to a year earlier. Though the figure was expected, it was also the first time CPI rose that much since 1982, as strong...more
New York Federal Judge Colleen McMahon has “overturned the confirmation of Purdue Pharma’s Chapter 11 plan,” after determining that the bankruptcy court “did not have the legal right to release claims against the company’s...more
As we’ve been expecting thanks to some heavy foreshadowing from Chair Powell and others, the Federal Reserve wrapped its December Open Markets Committee meeting with the news that it would “cut back on [its] stimulus more...more
Instacart President Carolyn Everson is heading out the door at the end of the year after just 4 months at the food-delivery company—the “second high-profile departure in recent months ahead of a possible public offering”...more
Workers at a Buffalo, NY-based Starbucks location have voted to unionize, the first ever union to form at one of Sbux’s “nearly 9,000 company-owned stores.” Though but one, the victory “represents a challenge to the labor...more
12/10/2021
/ American Airlines ,
Beatles ,
Boeing ,
Financial Markets ,
Gig Economy ,
Initial Public Offering (IPO) ,
Labor Shortage ,
NBC ,
Price Inflation ,
Robinhood Financial ,
Securities and Exchange Commission (SEC) ,
Special Purpose Acquisition Companies (SPACs) ,
Starbucks ,
Unions
The European Union has fined four banks nearly $400 million over their alleged roles in “a cartel in the foreign-exchange spot trading market.” Bankers at Barclays, RBS, HSBC, and Credit Suisse (along with UBS, which avoided...more
With gas prices on the rise across the United States, the White House is urging the Federal Trade Commission to investigate whether “illegal conduct” by “large oil and gas companies is pushing up . . . prices for American...more
11/18/2021
/ Amazon ,
Copyright Infringement ,
Disney ,
Federal Trade Commission (FTC) ,
Financial Markets ,
Initial Public Offering (IPO) ,
John Deere ,
Oil & Gas ,
Quentin Tarantino ,
Right to Repair ,
Trademark Infringement ,
Unions ,
Zillow
The inflation train continued its runaway pace in October, with the CPI rising 6.2%—the “sharpest increase” since 1990. The news is challenging politically for the administration but also for policymakers at the Fed, who are...more
11/11/2021
/ Americans with Disabilities Act (ADA) ,
Boeing ,
Department of Justice (DOJ) ,
Disney ,
Elon Musk ,
Financial Markets ,
Initial Public Offering (IPO) ,
Price Inflation ,
Securities and Exchange Commission (SEC) ,
Tesla ,
Uber
Jobs Report Friday again! And this one should be a doozy, as we look for what a wave of recent strikes, increased competition for workers, and millions of workers reconsidering career paths will mean for the numbers...more
11/5/2021
/ AT&T ,
Coronavirus/COVID-19 ,
Facebook ,
Financial Markets ,
Initial Public Offering (IPO) ,
Instagram ,
Jeff Bezos ,
NASA ,
Oil Prices ,
Securities and Exchange Commission (SEC) ,
Theranos ,
Uber ,
Verizon
E-truck maker Rivian Automotive, the Amazon- and Ford-backed startup that’s “received roughly $10.5 billion since the start of 2019” as a private company, is seeking a valuation of “just above $60 billion in its initial...more
11/2/2021
/ Amazon ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Financial Markets ,
Initial Public Offering (IPO) ,
Institutional Investors ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
Startups ,
U.S. Treasury ,
Zillow
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
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
As we anticipated, Fed Chair Powell—appearing virtually at the annual Jackson Hole gathering of Fed officials and watchers—signaled the possibility of central bank bond-purchase tapering as early as this year. More notable,...more
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
Trendy eyewear-maker (and Daily Dose fave) Warby Parker revealed plans on Tuesday to go public via direct listing—the latest in a series of companies in recent months to sidestep the traditional IPO process in favor of the...more
8/25/2021
/ Direct Listing ,
Disney ,
Financial Institutions ,
Financial Markets ,
Goldman Sachs ,
Initial Public Offering (IPO) ,
Pensions ,
Spotify ,
TikTok ,
Unions ,
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
In a major departure, Amazon announced to customers this week that “it would no longer require them to resolve their legal complaints involving the technology giant through arbitration.” Consumer advocates cheered the news...more
As previewed earlier this week, four companies associated intimately with the opioid epidemic—three distributors and one drugmaker—have finalized a deal with state Attorneys General in which they will pay $26 billion to...more
Markets dove at the opening bell and never recovered on Monday, with all three major indices off between 1 and 2%--the most across the board since May. Most market watchers blamed concerns over the economic recovery stalling...more
Chinese ride-hailing powerhouse Didi Global priced its forthcoming IPO at $14/share on Tuesday, “setting the stage for the company to begin trading” later today—a scant three days after it launched its investor pitch...more
Thursday’s highly anticipated Consumer Price Index update showed that prices “rose in May at the fastest rate since 2008, a bigger jump than economists had expected.” The 5% increase comes as prices “are rising for many goods...more
6/11/2021
/ Amazon Marketplace ,
Biden Administration ,
Coding ,
Consumer Price Index ,
Cyber Crimes ,
Electronic Arts ,
Hackers ,
Infrastructure ,
Initial Public Offering (IPO) ,
Personal Data ,
Privacy Concerns ,
Ransomware ,
Sharing Economy ,
Starbucks ,
Supply Chain
Electric truck-maker Lordstown (that “aimed to revive a shuttered General Motors factory in Ohio”) revealed this week in a regulatory filing that it does “not have enough cash to start commercial production of its electric...more
6/9/2021
/ Amazon Marketplace ,
Automotive Industry ,
Berkshire Hathaway ,
Carbon Emissions ,
Credit Cards ,
Electric Vehicles ,
Employee Incentive Plans ,
Foreign Currency ,
High Net-Worth ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
IRS ,
JPMorgan Chase ,
Online Banking ,
Renault-Nissan ,
Robinhood Financial ,
Startups ,
Tax Evasion
JBS, the world’s largest meat processor, shuttered operations at locations throughout the U.S. and Canada on Tuesday after a ransomware attack that also impacted its Australian operations. The White House has confirmed that...more
6/2/2021
/ Acquisition Agreements ,
Amazon Marketplace ,
Asbestos ,
Cancer ,
Data Breach ,
Elon Musk ,
Employee Incentive Plans ,
Equal Employment Opportunity Commission (EEOC) ,
Etsy ,
Initial Public Offering (IPO) ,
Internet Retailers ,
Johnson & Johnson ,
Kodak ,
Meat Processing Plants ,
Oil Prices ,
Ransomware ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Supply Chain ,
Terms of Service ,
Vaccinations