New U.S. unemployment claims rose last week according to data released on Thursday, the latest sign that America’s recovery from the pandemic-induced recession is slowing—a “particularly worrisome” trend as cold-state...more
9/25/2020
/ Amazon Marketplace ,
BMW ,
Bonds ,
Capital Raising ,
Coronavirus/COVID-19 ,
Data Mining ,
Deutsche Bank ,
Economic Downturn ,
Financial Crimes ,
Financial Stimulus ,
FinCEN ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Layoffs ,
Legislative Agendas ,
Money Laundering ,
Recessions ,
Retail Sales ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Special Purpose Entities ,
TikTok ,
Trump Administration ,
Unemployment ,
Unemployment Benefits ,
White Collar Crimes
The Fed sought to reassure markets for the foreseeable future on Wednesday by announcing that it plans to hold rates at their near-zero mark until into 2023 as it tries to “coax the economy back to full strength after the...more
9/17/2020
/ Amazon Marketplace ,
Coronavirus/COVID-19 ,
Data Storage ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Federal Reserve ,
Financial Markets ,
FOMC ,
Golf ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Main Street Lending Programs ,
Oracle ,
Retail Sales ,
Spoofing ,
TikTok ,
Trump Administration ,
Unemployment ,
Unemployment Benefits
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
Walmart is again preparing to roll out its answer to Amazon Prime: Walmart+, a sub-$100/year membership service that features gas discounts and some free shipping (at qualifying thresholds)....more
9/1/2020
/ American Airlines ,
Anthem Insurance ,
China ,
CIGNA ,
Delta Airlines ,
E-Commerce ,
Exports ,
Federal Reserve ,
Financial Distress ,
Financial Markets ,
Foreign Policy ,
Initial Public Offering (IPO) ,
Low-Income Issues ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Small Business ,
Subscription Services ,
Trump Administration ,
Unemployment ,
Volvo ,
Wage and Hour ,
Wal-Mart ,
Whistleblowers ,
Zoom®
American Airlines is pushing forward with plans to furlough 19,000 workers this fall, even as the airline industry lobbies a stalemated Congress for another multi-billion dollar bailout. That figure, “when combined with the...more
8/26/2020
/ Amazon Marketplace ,
American Airlines ,
Antitrust Violations ,
App Store ,
Apple ,
Appraisal ,
Auto Parts ,
Coronavirus/COVID-19 ,
Corporate Culture ,
Currency Manipulation ,
EPIC ,
FinTech ,
Forbearance Agreements ,
Foreign Currency ,
Generic Drugs ,
Hiring & Firing ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Layoffs ,
McDonalds ,
Mortgages ,
Pharmaceutical Industry ,
Settlement Agreements ,
Tariffs ,
Teva Pharmaceuticals ,
U.S. Treasury ,
Video Games ,
Vietnam
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®
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
A state appeals court in California has preempted Uber and Lyft’s threatened state-wide shutdown over a new state law ordering them to reclassify their drivers as employees by “allowing them to continue operating [under their...more
8/21/2020
/ American Airlines ,
App Store ,
Apple ,
Bayer ,
Coronavirus/COVID-19 ,
Data Breach ,
Economic Growth ,
Employee Definition ,
EPIC ,
European Central Bank ,
Financial Stimulus ,
FinTech ,
General Electric ,
Generic Drugs ,
Independent Contractors ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
IRS ,
Kodak ,
Lyft ,
Medical Devices ,
Misclassification ,
Mobile Apps ,
Monsanto ,
Pharmaceutical Industry ,
Popular ,
Uber ,
Unemployment ,
Unemployment Benefits ,
W-2
Apple tipped the $2 trillion mark this week, the first U.S. company to reach that valuation milestone, doing so just 2 years after it first hit $1 trillion. That it’s done so in the middle of a pandemic only punctuates how...more
8/20/2020
/ AirBnB ,
Apple ,
Boycotts ,
Business Valuations ,
CFTC ,
Coronavirus/COVID-19 ,
Employment Policies ,
Enforcement Actions ,
Federal Reserve ,
Financial Markets ,
Gig Economy ,
Goodyear ,
Independent Contractors ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Investment ,
Johnson & Johnson ,
Lyft ,
Momenta ,
Oracle ,
Pharmaceutical Industry ,
Political Expression ,
Popular ,
Robinhood Financial ,
Sharing Economy ,
Spoofing ,
State Labor Laws ,
TikTok ,
Trump Administration ,
Uber ,
Unemployment Benefits
Ride-hailing companies Uber and Lyft are warning that California’s new moves forcing them to classify their drivers as employees could force them both to shutter their operations altogether in that state (at least while they...more
8/14/2020
/ Barclays ,
Bias ,
CBS ,
Chapter 11 ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Credit Cards ,
Economic Downturn ,
Employee Definition ,
Employer Liability Issues ,
Federal Bans ,
Federal Reserve ,
General Motors ,
Gig Economy ,
Goldman Sachs ,
Independent Contractors ,
Initial Public Offering (IPO) ,
Lyft ,
Misclassification ,
Retailers ,
School Sports ,
Social Media ,
TikTok ,
Trump Administration ,
Uber ,
Viacom ,
Wage and Hour
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
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
Civic unrest in the wake of the police killing of George Floyd in Minneapolis is complicating reopening plans for cities and businesses around the country trying to restart after months of coronavirus-related closures....more
6/1/2020
/ Air Carriers ,
Antitrust Investigations ,
Coronavirus/COVID-19 ,
Corporate Branding ,
Cyber Attacks ,
Data Breach ,
Debt ,
ETFs ,
Federal Reserve ,
Food Manufacturers ,
Forex ,
Hedge Funds ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Layoffs ,
NASA ,
Nestle ,
Outer Space ,
Plant Based Products ,
Police Brutality ,
Police Misconduct ,
Re-Opening Guidelines ,
Renault-Nissan ,
Retailers ,
SpaceX ,
The Hague ,
Warner Music Group
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
Markets kicked of Q2 pretty much where they left off as Q1 wrapped: down, and down big. A double whammy of massive anticipated unemployment figures and truly disheartening modeling on COVID-19-related deaths sent all three...more
4/2/2020
/ AT&T ,
Bakken Shale ,
Capital Requirements ,
Coronavirus/COVID-19 ,
Federal Reserve ,
Initial Public Offering (IPO) ,
Manufacturers ,
Oil Prices ,
Relief Measures ,
Sprint ,
Startups ,
T-Mobile ,
Tariffs ,
Unemployment Benefits ,
Videoconference
HP has officially rejected Xerox’s enhanced takeover bid, again calling the offer “too low” and decrying its “disproportionate[] benefit” for Xerox shareholders....more
3/5/2020
/ CBS ,
China ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Criminal Prosecution ,
Disgorgement ,
DoorDash ,
Employee Definition ,
European Central Bank ,
Exploration and Production Assets ,
Federal Reserve ,
Financial Markets ,
France ,
Gig Economy ,
Hewlett-Packard ,
Housing Market ,
Huawei ,
Infrastructure ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Liu v Securities and Exchange Commission ,
Oil Prices ,
On-Demand Services ,
OPEC ,
Oral Argument ,
Popular ,
Publishers ,
Racketeering ,
Regulatory Oversight ,
Rental Property ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Takeover Bids ,
Telecommunications ,
Uber ,
Viacom ,
Wall Street ,
Wells Fargo ,
Xerox
Paul Singer and the Elliott Mgmt crew have a new target in their sights: Twitter’s founder and CEO, Jack Dorsey. Singer’s Elliott fund has amassed a “significant stake” in the company—perhaps as much as a billion—and is...more
3/2/2020
/ Activist Investors ,
American Express ,
AT&T ,
Australia ,
China ,
Consumer Privacy Rights ,
Coronavirus/COVID-19 ,
Corporate Culture ,
Corruption ,
Credit Cards ,
Credit Reports ,
Data-Sharing ,
DoorDash ,
Economic Downturn ,
FCC ,
Federal Reserve ,
Fees ,
Financial Markets ,
Global Economy ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Investment ,
Location Data ,
OECD ,
Popular ,
Public Health ,
Rate-Rigging ,
Rewards Programs ,
Sprint ,
Stock Prices ,
T-Mobile ,
Threat Management ,
Twitter ,
Verizon ,
White Collar Crimes
In a massive win for Amazon (because, again, Jeff NEEDS it), Court of Federal Claims Judge Patricia Campbell-Smith has granted the company’s motion for an injunction halting Microsoft’s work on the $10 billion cloud-computing...more
2/14/2020
/ Administrative Appointments ,
Amazon Marketplace ,
Antitrust Investigations ,
Antitrust Violations ,
China ,
Cloud Computing ,
Criminal Conspiracy ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Federal Contractors ,
Federal Reserve ,
Financial Crisis ,
Financing ,
Google ,
Huawei ,
Indictments ,
Initial Public Offering (IPO) ,
Injunctions ,
Intellectual Property Protection ,
Interference Claims ,
Liquidity ,
Microsoft ,
Music Industry ,
Popular ,
Racketeering ,
Royal Bank of Scotland ,
Securities and Exchange Commission (SEC) ,
Telecommunications ,
Tesla ,
Theft ,
Trade Secrets ,
Trump Administration
More detail is emerging on the DOJ’s ongoing antitrust probe into Google, with recent attention to the company’s online ad tools suggesting the topic has become “a major focus of the investigation,” with special focus on “how...more
2/6/2020
/ Antitrust Provisions ,
Biotechnology ,
China ,
Department of Justice (DOJ) ,
Elon Musk ,
Exports ,
Google ,
Imports ,
Initial Public Offering (IPO) ,
Nike ,
Olympics ,
Pharmaceutical Industry ,
Popular ,
Shareholder Litigation ,
Super Bowl ,
Tariffs ,
Tesla ,
Trade Relations ,
Trade Wars ,
US Trade Policies
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
Sunday’s release of a long-awaited Labor Department final rule on joint employment spells trouble for workers hoping to “sue large companies for wrongdoing by contractors or franchisees.” The rule reverses Obama-era policies...more
1/13/2020
/ Aircraft ,
Airplane Accidents ,
Alphabet Company ,
Automotive Industry ,
Bench Trial ,
Boeing ,
CEOs ,
Class Action ,
Climate Change ,
Controlling Employer ,
Corporate Culture ,
Cybersecurity ,
Damages ,
Electric Vehicles ,
Electronic Medical Records ,
Employer Liability Issues ,
Executive Compensation ,
Exxon Mobil ,
Fair Labor Standards Act (FLSA) ,
Financial Conduct Authority (FCA) ,
FinTech ,
Franchisee ,
Franchises ,
Franchisors ,
General Motors ,
Google ,
Initial Public Offering (IPO) ,
Innovative Technology ,
Internal Communications ,
Investment Fraud ,
Joint Employers ,
Labor Law Violations ,
Nissan ,
Oil & Gas ,
Online Banking ,
Patent Infringement ,
Patent Litigation ,
Patents ,
Resignation ,
Risk Management ,
Sexual Harassment ,
Socially Responsible Investments ,
Software ,
Startups ,
UK ,
USAA ,
Vulnerability Assessments ,
Wage and Hour ,
Wells Fargo ,
Workplace Romances
As expected, the Fed kept interest rates unchanged on Wednesday while also signaling that “they would wait to see how the economy fared before making another move”....more
12/12/2019
/ Airplane Accidents ,
Antitrust Provisions ,
Bitcoin ,
Boeing ,
Charitable Donations ,
Charitable Organizations ,
Cryptocurrency ,
Dairy Farmers ,
Dairy Farmers of America ,
Deficit Reduction ,
Disney ,
Farms ,
Federal Aviation Administration (FAA) ,
Federal Reserve ,
Financial Markets ,
FinCEN ,
General Elections ,
Initial Public Offering (IPO) ,
Insider Trading ,
Interest Rate Adjustments ,
Internet Streaming ,
Investment Opportunities ,
Joint Venture ,
JPMorgan Chase ,
Legislative Agendas ,
Lost Profits ,
Mobile Devices ,
Nestle ,
Private Equity ,
prohibit ,
Proposed Legislation ,
Race Discrimination ,
Regulatory Agenda ,
Religious Institutions ,
Saudi Aramco ,
Stock Prices ,
Suspicious Activities ,
Suspicious Activity Reports (SARs) ,
UK ,
UK Brexit ,
Virtual Currency
Saudi Aramco has priced its offering at the high end of its range, setting the company up to raise more than $25 billion and value the company at nearly $1.7 trillion—all part of what promises to make this the world’s biggest...more
12/6/2019
/ Amazon Web Services (AWS) ,
Anti-Corruption ,
Automotive Industry ,
BlackRock ,
Bribery ,
CEOs ,
Defense Contracts ,
Democratic Republic of Congo ,
Department of Defense (DOD) ,
Derivative Suit ,
Economic Downturn ,
Electric Vehicles ,
Enforcement Actions ,
Failure To Disclose ,
Financial Stimulus ,
General Motors ,
Hiring & Firing ,
Initial Public Offering (IPO) ,
Investment Opportunities ,
Japan ,
Job Creation ,
Manufacturing Facilities ,
Microsoft ,
Oil & Gas ,
Oracle ,
Resignation ,
Saudi Arabia ,
Saudi Aramco ,
Serious Fraud Office (SFO) ,
Shareholder Litigation ,
Social Welfare Organizations ,
Technology Sector ,
Trump Administration ,
UK ,
Unemployment ,
United Airlines ,
White Collar Crimes ,
Workplace Romances
T-Mobile chief and fan-of-magenta John Legere has announced that he’ll be stepping down in April at the end of his current contract. Legere will be succeeded by Mike Sievert, the carrier’s current president and COO....more
11/19/2019
/ Appeals ,
Big Tech ,
Bonds ,
Business Valuations ,
Capital Raising ,
CEOs ,
China ,
Competition ,
Consumer Financial Products ,
Controlling Stockholders ,
Cosmetics ,
Criminal Convictions ,
Emerging Growth Companies ,
Federal Reserve ,
Financial Institutions ,
Financial Services Industry ,
Hedge Funds ,
Initial Public Offering (IPO) ,
Interest Rates ,
Internet ,
Japan ,
Loans ,
Martin Shkreli ,
Mobile Apps ,
Mortgages ,
OCC ,
Personal Care Products ,
Pharmaceutical Industry ,
Popular ,
Predatory Lending ,
Proposed Rules ,
Public Comment ,
Resignation ,
Revenue Growth ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Social Media ,
SoftBank ,
Startups ,
Stock Markets ,
Stock Sale Agreements ,
T-Mobile ,
Text Messages ,
Yahoo!
Saudi Aramco’s slow trickle of IPO-related information continued this weekend, including its goal of setting overall company market value at a staggering $1.7 trillion. The figure, though massive, is still well short of the...more
11/18/2019
/ Aircraft ,
Airplane Accidents ,
Algorithms ,
Antitrust Violations ,
Automobile Recall ,
Automotive Industry ,
Aviation Industry ,
Bailout ,
Bank of America ,
Boeing ,
Bonds ,
Business Valuations ,
Capital Raising ,
China ,
Chrysler ,
Citibank ,
Corporate Taxes ,
Criminal Investigations ,
Criminal Prosecution ,
Employment Contract ,
Federal Aviation Administration (FAA) ,
FedEx ,
Fiat ,
Ford Motor ,
Foreign Banks ,
General Motors ,
Google ,
Hong Kong Stock Exchange ,
Huawei ,
Information Sharing ,
Initial Public Offering (IPO) ,
Internet ,
Investment ,
JPMorgan Chase ,
Labor Relations ,
Layoffs ,
Metals ,
Municipal Bonds ,
Nissan ,
Office Space ,
Oil & Gas ,
Opioid ,
Pain Management ,
Pharmaceutical Industry ,
Prescription Drugs ,
Price-Fixing ,
Racketeering ,
Saudi Aramco ,
Search Engines ,
Search Results ,
Settlement ,
Sharing Economy ,
Software ,
Spoofing ,
Stock Markets ,
Strike ,
Tax Cuts and Jobs Act ,
Tax Reform ,
Telecommunications ,
Trade Negotiations ,
Trump Administration ,
US Trade Policies ,
Wells Fargo