A weeks long slide for Bitcoin and other cryptos turned into a “frenzied selloff” on Wednesday, crashing the digital currencies back to earth after what had been a pandemic year of impressive gains....more
5/20/2021
/ Bitcoin ,
Cryptocurrency ,
Electric Vehicles ,
Federal Reserve ,
Ford Motor ,
Generic Drugs ,
Hedge Funds ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Martin Shkreli ,
McDonalds ,
Pipelines ,
Ransomware
AT&T made late-weekend waves with the announcement that it’s planning to spin off its WarnerMedia division (think HBO and CNN) and merge with Discovery’s “reality-TV empire” in a deal that could value the AT&T assets at...more
5/17/2021
/ Algorithms ,
Apple ,
AT&T ,
Big Tech ,
Centers for Disease Control and Prevention (CDC) ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Cybersecurity ,
EPIC ,
Infectious Diseases ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Internet Memes ,
Masks ,
Movie Theaters ,
Pipelines ,
Ransomware
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
Treasury Secretary Yellen perhaps inadvertently dipped back into Fed Chair mode for a bit on Tuesday, acknowledging that some movement in interest rates may be necessary to “keep the economy from overheating given the large...more
5/5/2021
/ Apple ,
China ,
Criminal Prosecution ,
Electric Vehicles ,
EPIC ,
Federal Reserve ,
Fraud ,
Goldman Sachs ,
Grants ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Nonprofits ,
Pfizer ,
Quarterly Report ,
Theranos ,
Vaccinations
The latest round of quarterly results from Netflix shows that while the grand-daddy of streaming “still rules” that universe, a combination of upstart and old-guard rivals “have cut into Netflix’s share of viewers’...more
4/21/2021
/ Alibaba ,
Apple ,
Big Tech ,
Blockchain ,
Boeing ,
China ,
CMBS ,
Corporate Sales Transactions ,
DBRS ,
Enforcement Actions ,
Initial Public Offering (IPO) ,
iPhone ,
Luxury Goods ,
Microsoft ,
Netflix ,
Privacy Concerns ,
Procter & Gamble ,
Rating Agencies ,
Retail Price Maintenance (RPM) ,
Securities and Exchange Commission (SEC)
A fiery, deadly Tesla crash outside of Houston over the weekend is prompting a federal probe of the company’s self-driving autonomous mode for “potential gaps in self-driving car technology.” ...more
4/20/2021
/ Amazon Marketplace ,
Argentina ,
Automotive Industry ,
Bailout ,
Car Accident ,
China ,
Coca Cola ,
Corporate Sales Transactions ,
Credit Suisse ,
Digital Media ,
Driverless Cars ,
Elon Musk ,
Financial Markets ,
Foreign Debt ,
High Risk Financial Products ,
IMF ,
Initial Public Offering (IPO) ,
JPMorgan Chase ,
Labor Relations ,
Merger Agreements ,
Netflix ,
Oprah Winfrey ,
Plant Based Products ,
Railways ,
Tesla ,
Unions
Because volatility’s the name of the game whenever we’re talking cryptos, it’s hard to be too shocked by the news that last week’s banner Coinbase public market debut gave way to a digital currency walkback this weekend that...more
4/19/2021
/ Amazon Marketplace ,
Bitcoin ,
Citibank ,
Coinbase ,
Cryptocurrency ,
Department of Labor (DOL) ,
Digital Currency ,
Elon Musk ,
Federal Contractors ,
Financial Markets ,
Homeless Issues ,
Initial Public Offering (IPO) ,
Investment ,
NASA ,
Retirement Plan ,
Securities and Exchange Commission (SEC) ,
SpaceX ,
Special Purpose Acquisition Companies (SPACs) ,
The Tribune Company ,
Unions
Most eyes in the labor world are on Birmingham, Alabama, where the NLRB is hand-counting the 3215 ballots cast by workers in Amazon’s Bessemer, AL warehouse on whether to unionize. Though results could be released later...more
4/9/2021
/ Amazon Marketplace ,
Apple ,
China ,
Credit Suisse ,
Entertainment Venues ,
Initial Public Offering (IPO) ,
Internet Streaming ,
iPhone ,
Labor Relations ,
Music Industry ,
Netflix ,
Plant Based Products ,
Procter & Gamble ,
SoftBank ,
Sony ,
Special Purpose Acquisition Companies (SPACs) ,
Targeted Digital Advertising ,
Unions ,
Vaccinations
Though raising projections for overall economic growth over the next 2 years, the IMF warned this week that “an uneven rollout of vaccines” threatens to add to concerns about a “K-shaped” economic recovery on a global scale. ...more
4/7/2021
/ Amazon Marketplace ,
Antitrust Provisions ,
Competition ,
Coronavirus/COVID-19 ,
Credit Suisse ,
Data Breach ,
Data Protection ,
Economic Growth ,
Electric Vehicles ,
Facebook ,
General Data Protection Regulation (GDPR) ,
General Motors ,
HBO ,
IMF ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Ireland ,
JPMorgan Chase ,
Misappropriation ,
Movies ,
Netflix ,
Patent Infringement ,
Ponzi Scheme ,
Recovery Plans ,
Securities and Exchange Commission (SEC) ,
Trade Secrets
Intel has unveiled plans to spend $20 billion to build two new chip manufacturing factories near existing facilities in Arizona—a “surprise bet that could please government officials worried about component shortages and...more
3/24/2021
/ Amazon Marketplace ,
Disney ,
Federal Reserve ,
Hartford Insurance Company ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Intel ,
Internet Streaming ,
Janet Yellen ,
Manufacturing Facilities ,
Maritime Transport ,
Microchip Technology ,
Mobile Apps ,
Movies ,
Robinhood Financial ,
Takeover Bids ,
Television Commercials ,
Wells Fargo
The Biden administration is reportedly preparing a series of infrastructure, anti-inequality, environmental, and family-focused initiatives that could involve a combined $3 trillion of spending, though details “remain in...more
3/23/2021
/ Biden Administration ,
Citibank ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Goldman Sachs ,
Initial Public Offering (IPO) ,
Janet Yellen ,
Legislative Agendas ,
Microsoft ,
Private Equity ,
Relief Measures ,
Resignation
Mega rail news to start our week, as Canadian Pacific will joined forces with Kansas City Southern in a $25 billion deal, “creating the first railroad to traverse Canada, the U.S. and Mexico.” Industry watchers suggest that...more
3/22/2021
/ Anti-Competitive ,
Antitrust Violations ,
AstraZeneca ,
Capital Requirements ,
CFTC ,
Coinbase ,
Coronavirus/COVID-19 ,
Crypto Exchanges ,
Data Collection ,
Department of Justice (DOJ) ,
E-Commerce ,
Federal Reserve ,
Financial Stimulus ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Special Purpose Acquisition Companies (SPACs) ,
Tesla ,
Turkey ,
Vaccinations ,
Visa Inc ,
Volkswagen
Uber will officially classify its British drivers, all 70,000 of them, as “workers” following a “major legal defeat” for the ride-hailing company in the British Supreme Court last month. The move entitles the drivers to “a...more
3/17/2021
/ Activist Investors ,
Alibaba ,
Employee Definition ,
Employer Liability Issues ,
FOMC ,
Gig Economy ,
Globalization ,
Google ,
Independent Contractors ,
Initial Public Offering (IPO) ,
Internships ,
JPMorgan Chase ,
Misclassification ,
Mobile Apps ,
On-Demand Services ,
Sales Commissions ,
Share Price ,
Social Media ,
Telecommunications ,
Uber ,
Wage and Hour
Thursday’s weekly unemployment report managed to pull double duty—marking another decrease in the still-high figures (roughly 709k new jobless claims last week, about 47k fewer than the week before) that suggests some cause...more
3/12/2021
/ 5G Network ,
Bonds ,
Border Security ,
Coronavirus/COVID-19 ,
E-Commerce ,
Electric Vehicles ,
Elon Musk ,
European Central Bank ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Innovative Technology ,
Offshore Funds ,
South Korea ,
Tax Evasion ,
Tesla ,
UK ,
UK Brexit ,
Unemployment ,
Verizon
With Wednesday’s passage in the House, the $1.9 trillion Covid relief bill is heading to President Biden’s desk for an anticipated Friday signature, “cementing one of the largest injections of federal aid since the Great...more
3/11/2021
/ Administrative Appointments ,
Anti-Competitive ,
Biden Administration ,
BuzzFeed ,
Capital Markets ,
Coronavirus/COVID-19 ,
Dow Jones ,
Facebook ,
Federal Trade Commission (FTC) ,
Financial Stimulus ,
General Electric ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Interest Rates ,
Legislative Agendas ,
Relief Measures ,
Securities and Exchange Commission (SEC) ,
Stock Prices
The Senate passed its version of President Biden’s $1.9 trillion Covid stimulus bill this weekend “after a grueling 27-hour session” that featured “the longest vote in modern Senate history.” ...more
3/8/2021
/ Biden Administration ,
China ,
Coronavirus/COVID-19 ,
Criminal Conspiracy ,
Cybersecurity ,
Drones ,
E-Commerce ,
Financial Stimulus ,
Gas Prices ,
General Electric ,
Hackers ,
Indictments ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Job Creation ,
Microsoft ,
Money Laundering ,
Oil & Gas ,
Relief Measures ,
Shipping Cargo ,
Unemployment ,
Wall Street ,
White Collar Crimes
Ousted eccentric WeWork co-founder and CEO Adam Neumann is reportedly closing in on a deal with SoftBank that would shave about $500 million (roughly half) off the total Masa Son would pay to buy Neumann’s shares. ...more
2/23/2021
/ Aerospace ,
Aircraft ,
Aircraft Equipment ,
Australia ,
Economic Downturn ,
Equipment Failure ,
Facebook ,
Goodyear ,
Google ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Internet ,
Jay Z ,
Manufacturers ,
NASA ,
News Stories ,
Outer Space ,
Retail Market ,
SoftBank ,
Special Purpose Acquisition Companies (SPACs) ,
Supply Chain ,
Twitter ,
Unemployment ,
Websites
Your Big Tech vs. Australia update: after raising a “well, then, no search engine for you” fuss in response to the country’s proposed law requiring tech giants to “pay news organizations for the news articles that are shared...more
2/18/2021
/ Australia ,
Biden Administration ,
China ,
Corporate Governance ,
GameStop ,
Google ,
Initial Public Offering (IPO) ,
Market Manipulation ,
National Security ,
News Stories ,
Reddit ,
Retail Sales ,
Securities and Exchange Commission (SEC) ,
Startups ,
Stock Prices ,
Stock Trades ,
Tariffs ,
Theranos ,
Virtual Meetings ,
Zoom®
NY AG Letitia James is suing Amazon, accusing the online retail giant “of not doing enough to protect workers in the state from the coronavirus” and calling its response to the pandemic “deficient.” ...more
2/17/2021
/ Accounting Fraud ,
Amazon Marketplace ,
Big Tech ,
Bitcoin ,
Bonds ,
Business Interruption ,
Capital Markets ,
Citibank ,
CMBS ,
Coronavirus/COVID-19 ,
Disney ,
E-Commerce ,
Enforcement Actions ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Newspapers ,
Securities and Exchange Commission (SEC) ,
Severe Weather ,
USAA ,
Wells Fargo ,
Whistleblowers ,
Wire Fraud ,
Workplace Safety
Bumble hit markets on Thursday with considerable buzz, and markets validated that love, with company shares opening a mind-boggling $33 above its already-increased offering price. ...more
2/12/2021
/ Asset Management ,
Bank of New York (BNY) Mellon ,
Biden Administration ,
Bitcoin ,
Bloomberg Inc. ,
CBO Report ,
Corporate Restructuring ,
Credit Suisse ,
Cryptocurrency ,
Dating Services ,
Deficit Reduction ,
Department of Justice (DOJ) ,
Disney ,
Financial Crisis ,
GameStop ,
Initial Public Offering (IPO) ,
Layoffs ,
Market Manipulation ,
Microchip Technology ,
Oil & Gas ,
RMBS ,
Robinhood Financial ,
Royal Dutch Petroleum ,
Social Media ,
Supply Chain
In a much-anticipated [well, for some of us central bank nerds, at least] to the Economic Club of NY, Fed Chair Powell on Wednesday acknowledged that pent-up consumer demand unlocked by a big government stimulus package could...more
2/11/2021
/ Biden Administration ,
Business Losses ,
China ,
Citigroup ,
Coronavirus/COVID-19 ,
Corruption ,
Cryptocurrency ,
Dating Services ,
Federal Reserve ,
Fidelity Investments ,
Financial Markets ,
GameStop ,
General Motors ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Investment ,
Job Creation ,
Manufacturers ,
Merck ,
Robinhood Financial ,
Uber ,
Unemployment ,
Vaccinations ,
Vanguard
With Vice President Harris acting as the tiebreaker (and following a 15-hour amendment vote-a-rama), the Senate voted on Thursday to move forward with the White House’s $1.9 trillion Covid relief measure....more
2/5/2021
/ Bank of England ,
Biden Administration ,
Chobani Inc ,
CNN ,
Coronavirus/COVID-19 ,
Credit Suisse ,
Critical Infrastructure Sectors ,
Dams ,
Dow Jones ,
Electric Vehicles ,
Financial Fraud ,
Financial Markets ,
Financial Stimulus ,
Ford Motor ,
GameStop ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Internet Memes ,
Janet Yellen ,
Legislative Agendas ,
Microchip Technology ,
Mining ,
Nasdaq ,
Ponzi Scheme ,
Reddit ,
Regulatory Agenda ,
Relief Measures ,
Resignation ,
S&P ,
Stock Prices ,
Super Bowl ,
Unemployment
Moved by Covid’s bite out of the energy industry, oil behemoths ExxonMobil and Chevron Corp. have held talks about joining forces, “testing the water for what could be one of the largest corporate mergers ever.” ...more
2/1/2021
/ Apple ,
Chevron ,
Exxon Mobil ,
Facebook ,
Financial Markets ,
GameStop ,
General Motors ,
IMF ,
Initial Public Offering (IPO) ,
Mobile Apps ,
Oil & Gas ,
Pay Gap ,
Reddit ,
Robinhood Financial ,
Securities and Exchange Commission (SEC) ,
Sex Discrimination ,
Special Purpose Acquisition Companies (SPACs) ,
Stock Trades ,
Zero-Emission Vehicles
General Motors announced on Thursday its ambitious plans to “phase out petroleum-powered cars and trucks and sell only vehicles that have zero tailpipe emissions by 2035, a seismic shift by one of the world’s largest...more
1/29/2021
/ American Airlines ,
Automotive Industry ,
Bitcoin ,
Coronavirus/COVID-19 ,
European Central Bank ,
Eurozone ,
Financial Markets ,
GameStop ,
GDP ,
General Motors ,
Huawei ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Motor Vehicles ,
Real Estate Investments ,
Robinhood Financial ,
Southwest Airlines ,
Stock Trades ,
Wall Street
GameStop’s continuing surge this week has gone from something of a lark to a collective small-trader effort to stick it to Wall Street hedge funds and institutionalists, with share-price fundamentals discarded entirely in...more
1/28/2021
/ Apple ,
Bitcoin ,
Boeing ,
Chrysler ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Economic Downturn ,
Enforcement Actions ,
Fiat ,
Financial Markets ,
GameStop ,
Guilty Pleas ,
Initial Public Offering (IPO) ,
Interest Rates ,
iPhone ,
Labor Law Violations ,
Market Manipulation ,
Netflix ,
Quarterly Report ,
Reddit ,
Securities and Exchange Commission (SEC) ,
Short Selling ,
Stock Prices