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
The Senate has passed a $484 billion measure that would add $130 billion to the Paycheck Protection Program, the “small-business loan program that ran out of funding last week after being deluged with applications.” The bill...more
4/21/2020
/ Chipotle Grill ,
Coronavirus/COVID-19 ,
Credit Suisse ,
Facebook ,
Federal Reserve ,
Food Contamination ,
Legislative Agendas ,
Mark Zuckerberg ,
Netflix ,
Oil Prices ,
Relief Measures ,
Retail Market ,
RMBS
It’s been a week or so, and we’re running out of ways to say that this is bad. But it certainly is. Your bear market stats for the day: the biggest daily drop by percentage for both the S&P 500 and the Dow Jones Industrial...more
3/13/2020
/ AirBnB ,
Aircraft ,
Amazon Marketplace ,
Aviation Industry ,
Bid Protests ,
Boeing ,
Business Continuity Plans ,
Business Interruption ,
CEOs ,
China ,
Cloud Computing ,
Competitive Bidding ,
Coronavirus/COVID-19 ,
Defense Sector ,
Department of Defense (DOD) ,
Dow Jones ,
E-Cigarettes ,
Economic Downturn ,
EU ,
European Central Bank ,
FDIC ,
Federal Contractors ,
Financial Markets ,
Financial Stimulus ,
Foreign Nationals ,
Gig Economy ,
Infectious Diseases ,
Interference Claims ,
Jeff Bezos ,
Microsoft ,
Paid Leave ,
Paid Time Off (PTO) ,
Popular ,
Public Health ,
Quarantine ,
RBS ,
Relief Measures ,
Resignation ,
Revenue ,
RMBS ,
S&P ,
Share Buybacks ,
SoftBank ,
Stock Prices ,
Travel Ban ,
Trump Administration ,
Wage and Hour
The United States and Mexico appear poised to move past a last-minute snag over new language on Labor Department attaches to posts in Mexico. Mexico feared that the diplomats would “act as labor inspectors,” and for a day or...more
12/17/2019
/ Aircraft ,
Aircraft Sales ,
Amazon ,
Beer ,
Beverage Manufacturers ,
Boeing ,
Breach of Duty ,
Commerzbank ,
Consumer Financial Products ,
Consumer Lenders ,
Department of Labor (DOL) ,
Discriminatory Lending Practices ,
Employee Definition ,
FedEx ,
Financial Services Industry ,
Foreign Relations ,
Foreign Workers ,
Free Trade Agreements ,
Housing Market ,
HSBC ,
Independent Contractors ,
Internet Streaming ,
Liquidity ,
Loans ,
Low-Income Issues ,
Manufacturers ,
Mexico ,
Misclassification ,
Mortgages ,
NAFTA ,
Netflix ,
Opioid ,
Pain Management ,
Purdue Pharma ,
Race Discrimination ,
Real Estate Transactions ,
Ridesharing ,
RMBS ,
Supply Chain ,
Tax Increases ,
Tax Rates ,
Third-Party Agents ,
Uber ,
United States-Mexico-Canada Agreement (USMCA) ,
Wells Fargo ,
Wine & Alcohol
U.S. and Chinese trade negotiators are “laying the groundwork for a delay of a fresh round of tariffs set to kick in on Dec. 15” as the countries continue to work through how a Chinese promise to make huge ag purchases from...more
12/11/2019
/ Bank Fraud ,
Canada ,
Chevron ,
China ,
CIGNA ,
Climate Change ,
Commodities ,
Consumer Insurance Products ,
Department of Justice (DOJ) ,
Exports ,
Exxon Mobil ,
Farms ,
Federal Trade Commission (FTC) ,
FOMC ,
For Profit Colleges ,
Fraudulent Marketing ,
Imports ,
Interest Rates ,
Loan Forgiveness ,
Martin Act ,
Mexico ,
Misleading Statements ,
Notice and Comment ,
Oil & Gas ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
Statutory Violations ,
Student Loans ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trade Retaliation ,
Trade Wars ,
Trump Administration ,
UBS ,
Unfair or Deceptive Trade Practices ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies
PG&E’s woes continue. Not only is the company still in the midst of a dangerous fire season, but it’s struggling to find a path out of bankruptcy while fending off a growing chorus of cities and state officials “threatening...more
11/20/2019
/ Advertising ,
Bank of New York (BNY) Mellon ,
Boeing ,
Capital Raising ,
China ,
Commercial Bankruptcy ,
Consumer Financial Products ,
E-Cigarettes ,
Economic Downturn ,
Employee Rights ,
Enforcement Actions ,
Fannie Mae ,
Federal Reserve ,
FHFA ,
Financial Fraud ,
Financial Services Industry ,
Freddie Mac ,
Freelance Workers ,
General Motors ,
Gig Economy ,
Holidays ,
Home Depot ,
Independent Contractors ,
Infrastructure ,
Interest Rate Adjustments ,
Kohls ,
KPMG ,
Marketing Perspectives ,
Mortgages ,
PG&E ,
Popular ,
Public Health ,
Public Safety ,
Purchase Agreement ,
Retail Market ,
Retailers ,
RMBS ,
Safety Inspections ,
Safety Standards ,
Student Loans ,
Target ,
Tariffs ,
Trade Negotiations ,
Trade Relations ,
Trade Wars ,
UAW ,
Unions ,
US Trade Policies ,
Wildfires
Uber reported another quarter of billion+ dollar losses, but as so many things on Wall Street & Silicon Valley tend to go, the news wasn’t all bad because those numbers were far better than the $5.2 billion it lost in Q2....more
11/5/2019
/ Bitcoin ,
China ,
Currency Exchange ,
Digital Assets ,
Digital Currency ,
Economic Reform ,
Exports ,
Financial Regulatory Reform ,
FSB ,
Imports ,
Initial Public Offering (IPO) ,
Market Manipulation ,
McDonalds ,
Office Space ,
Oil & Gas ,
Popular ,
Resignation ,
Revenue ,
RMBS ,
Saudi Aramco ,
Securities and Exchange Commission (SEC) ,
Sharing Economy ,
SoftBank ,
Startups ,
Tariffs ,
Trade Relations ,
Trade Wars ,
Uber ,
US Trade Policies
WeWork’s drama in past weeks—which includes a planned and postponed public offering thanks to rough financials and dicey corporate governance—is prompting the company to consider swapping out founder Adam Neumann as CEO to...more
9/23/2019
/ Banks ,
China ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Corporate Governance ,
Criminal Conspiracy ,
E-Cigarettes ,
Employee Definition ,
Extradition ,
Financial Crisis ,
Huawei ,
Independent Contractors ,
India ,
Initial Public Offering (IPO) ,
Liquidity ,
Lyft ,
Municipal Bonds ,
Office Space ,
Oil Prices ,
Repossess ,
Retailers ,
RMBS ,
Sharing Economy ,
Single Director ,
Social Credit System ,
State Labor Laws ,
Stock Markets ,
Trade Negotiations ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
Uber ,
US Trade Policies ,
Wal-Mart
A drone attack on Saudi Aramco oilfields this weekend affected 5% of global production and sent “energy prices substantially higher” late Sunday and early today. Analysts don’t anticipate a “severe shock to energy markets and...more
9/16/2019
/ Aerospace ,
Bank of New York (BNY) Mellon ,
Bias ,
BlackRock ,
Boeing ,
Commercial Bankruptcy ,
Cryptocurrency ,
Debt ,
Derivative Suit ,
Drones ,
Drug & Alcohol Abuse ,
Drug Distribution ,
Economic Growth ,
Energy Market ,
Enforcement Actions ,
Facebook ,
Financial Markets ,
General Motors ,
Global Economy ,
GSE ,
Initial Public Offering (IPO) ,
Investors ,
J Crew ,
Junk Debt ,
Labor Relations ,
Leveraged Loans ,
Oil & Gas ,
Oil Prices ,
Opioid ,
OxyContin ,
Pain Management ,
Pharmaceutical Industry ,
Pharmacies ,
Purdue Pharma ,
RMBS ,
Safety Standards ,
Saudi Aramco ,
Settlement Agreements ,
Strike ,
Trump Administration ,
UK Brexit
One can prorogate all one wants, but raise the ire of British MPs, and a price will be paid, my friends. So goes the story for PM Boris Johnson, against whom British lawmakers “rose up” on Monday to “prevent him from taking...more
9/4/2019
/ Airlines ,
American Airlines ,
AT&T ,
Aviation Industry ,
Bank of America ,
CEOs ,
China ,
Cyber Attacks ,
Financial Crisis ,
Financial Institutions ,
Global Marketplace ,
Hong Kong ,
HSBC ,
Huawei ,
JPMorgan Chase ,
Libor ,
Manufacturers ,
Market Manipulation ,
Motion to Dismiss ,
Resignation ,
RMBS ,
Telecommunications ,
Trade Wars ,
UK ,
UK Brexit ,
UK Parliament
The White House is reportedly extending the temporary license for some US businesses to work with Huawei, a move that would likely help smooth the way for trade negotiators between the US and China to see their way back to...more
8/19/2019
/ Banks ,
CFTC ,
China ,
Citibank ,
Commodities ,
Economic Downturn ,
EU ,
Financial Markets ,
Food Manufacturers ,
Foreign Adversaries ,
Germany ,
Huawei ,
Kraft ,
Motion for Sanctions ,
Price Manipulation ,
Quarterly Report ,
Recessions ,
Ridesharing ,
RMBS ,
S&P ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Settlement ,
SoftBank ,
Supply Chain ,
Telecommunications ,
Temporary Licenses ,
Trade Negotiations ,
Trade Wars ,
Trump Administration ,
Uber ,
Venture Capital
A new report out Tuesday from the Food & Drug Administration reveals that drug maker Novartis “concealed manipulated data” from the agency “while applying for approval of an extremely expensive gene therapy treatment and then...more
8/7/2019
/ Asia Pacific ,
Chapter 11 ,
China ,
Currency Manipulation ,
Department of Justice (DOJ) ,
Disney ,
ESPN ,
Food and Drug Administration (FDA) ,
Genetic Materials ,
Global Economy ,
HUD ,
Hulu ,
Interest Rate Adjustments ,
MasterCard ,
Netflix ,
Novartis ,
Payment Processors ,
Pharmaceutical Industry ,
Retailers ,
RMBS ,
Trade Wars ,
U.S. Treasury ,
UBS
Apple is in “advanced talks” to snap up Intel’s smartphone-modem chip business, a portfolio “of patents and staff valued at $1 billion or more.” The deal, should it close, would go far in prepping Apple for the arrival of...more
7/23/2019
/ #MeToo ,
5G Network ,
Apple ,
Artificial Intelligence ,
Aviation Industry ,
Boeing ,
Bribery ,
Credit Suisse ,
Data Breach ,
Elon Musk ,
Equifax ,
Fast-Food Industry ,
Financial Markets ,
Foreign Corrupt Practices Act (FCPA) ,
Intel ,
Microchip Technology ,
Microsoft ,
Mobile Payments ,
Mobile Services ,
RMBS ,
Sexual Assault ,
Silicon Valley ,
Smartphones ,
Starbucks ,
UK ,
UK Brexit ,
Wall Street ,
White Collar Crimes
EU regulators announced today that they’ve been conducting an investigation into Amazon and “how it collects and uses data from third-party sellers who appear on the retailing giant’s website” with an eye to potential...more
7/17/2019
/ Amazon Marketplace ,
CMBS ,
Cryptocurrency ,
Data Transfers ,
Data-Sharing ,
Department of Labor (DOL) ,
Deregulation ,
Disclosure Requirements ,
Elon Musk ,
EU ,
European Central Bank ,
Facebook ,
FDIC ,
Federal Reserve ,
Financial Regulatory Reform ,
Government Investigations ,
Hedge Funds ,
Interest Rate Adjustments ,
Personal Data ,
RMBS
Treasury Secretary Steven Mnuchin is the latest prominent government official to express concerns about Facebook’s coming Libra launch. Speaking at a briefing yesterday, Mnuchin focused on national security issues related to...more
7/16/2019
/ Agribusiness ,
Agricultural Sector ,
Amazon Marketplace ,
Bayer ,
Broadcom ,
Cancer ,
Charles Schwab ,
China ,
Chipotle Grill ,
CMBS ,
Cryptocurrency ,
E-Commerce ,
Facebook ,
Farms ,
Fraud ,
Monsanto ,
National Security ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Senate Banking Committee ,
Subsidiaries ,
Symantec ,
Target ,
Tariffs ,
Toxic Exposure ,
Trade Wars ,
Trump Administration ,
USAA ,
Wal-Mart ,
Wealth Management
Massive pharma news to start the day, with AbbVie announcing that it’s reached a deal to buy Allergan for roughly $63 billion. The tie-up is seen as giving AbbVie a “dominant position in the $8 billion-plus market for Botox...more
6/25/2019
/ AbbVie ,
Allergan Inc ,
Anti-Money Laundering ,
Antitrust Investigations ,
Bank Fraud ,
Banks ,
Bonds ,
Department of Justice (DOJ) ,
Deutsche Bank ,
EURIBOR ,
Federal Reserve ,
Google ,
HELOC ,
Initial Public Offering (IPO) ,
Interest Rates ,
Japan ,
Nissan ,
NYDFS ,
Oil & Gas ,
Opioid ,
Pipelines ,
RMBS ,
S&P ,
Teva Pharmaceuticals ,
UBS ,
White Collar Crimes
In case you haven’t had your eye on matters of global intrigue of late, figured we’d get you a bit caught up so that you know why your gas prices are heading north in the next couple of weeks....more
6/17/2019
/ Alternative Investment Funds ,
AT&T ,
Corporate Bonds ,
Credit Suisse ,
Cryptocurrency ,
Deficit Reduction ,
Facebook ,
Federal Budget ,
Federal Reserve ,
Financial Industry Regulatory Authority (FINRA) ,
Interest Rate Adjustments ,
Italy ,
Judges ,
KPMG ,
MasterCard ,
Oil & Gas ,
Oil Prices ,
PayPal ,
Plant Based Products ,
Recusal ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Sexual Harassment ,
Tariffs ,
Taxi Cabs ,
Time Warner ,
Tyson Foods ,
Uber ,
Unfair Pricing ,
Visa Inc ,
Wall Street
The SEC will vote today on what it’s calling Regulation Best Interest, “which says brokers can’t put their own paychecks ahead of a customer’s needs”—the more-industry-acceptable revision of an Obama-era fiduciary duty rule...more
6/5/2019
/ Anti-Dumping Agreement ,
Apple ,
Automotive Industry ,
Best Interest Standard ,
Brokers ,
Carnival Cruise Lines ,
Code of Conduct ,
Digital Currency ,
Enforcement Actions ,
Environmental Violations ,
Federal Reserve ,
FHFA ,
Freddie Mac ,
Imports ,
Interest Rate Adjustments ,
Mexico ,
Mobile Apps ,
Probationary Period ,
Renault-Nissan ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Stocks ,
Tariffs ,
Toyota ,
Unregistered Securities ,
US Trade Policies ,
Wells Fargo
N.D. California federal judge Lucy Koh sided with the FTC in its antitrust suit against semiconductor-industry giant Qualcomm, finding that the company “abused its position . . . to harm competition and charge cellphone...more
5/22/2019
/ Antitrust Provisions ,
China ,
Coca Cola ,
Collateralized Debt Obligations ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
High Yield Bonds ,
Huawei ,
Inflation Adjustments ,
Leveraged Loans ,
Licensing Fees ,
Microsoft ,
Mobile Apps ,
Qualcomm ,
Quarterly Report ,
Retail Sales ,
Retailers ,
RMBS ,
Tariffs ,
UK Brexit ,
US Trade Policies
Elon Musk and the SEC have reached an agreement to revise their earlier agreement to settle the latest round of issues caused by Musk’s Twitter habit. Under its terms, a Tesla securities attorney must now “preapprove any of...more
4/29/2019
/ Agribusiness ,
Apple ,
Chevron ,
Commerzbank ,
Criminal Investigations ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Elon Musk ,
Enforcement Actions ,
Exports ,
Farms ,
Financial Markets ,
Ford Motor ,
Germany ,
HSBC ,
Initial Public Offering (IPO) ,
Mobile Apps ,
National Emissions Standards ,
Occidental Petroleum ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Slack ,
Social Media ,
Takeover Bids ,
Tariffs ,
Tesla ,
Twitter ,
Unicorns
More fun for Facebook, just a day after it revealed a coming FTC fine, with the news on Thursday that Canadian privacy commissioners “violated national and local laws in allowing third parties access to private user...more
4/26/2019
/ 3M Company ,
Accounting Standards ,
Automotive Industry ,
Breach of Trust ,
Data Breach ,
Employee Benefits ,
Enforcement Actions ,
Facebook ,
Financial Regulatory Reform ,
Initial Public Offering (IPO) ,
Microsoft ,
Morgan Stanley ,
Pension Funds ,
Public Employees ,
Quarterly Report ,
Renault-Nissan ,
RMBS ,
Shopping Centers ,
Social Media ,
Telecommunications ,
Uber ,
Volcker Rule ,
White Collar Crimes
Facebook revealed yesterday that “millions of user account passwords had been stored insecurely, potentially allowing employees to gain access to people’s accounts without their knowledge.” The company said it “had found no...more
3/22/2019
/ Amazon Marketplace ,
Banks ,
Beverage Manufacturers ,
Budweiser ,
Dilution ,
EU ,
Facebook ,
False Advertising ,
Fashion Industry ,
FDIC ,
Initial Public Offering (IPO) ,
Levi Strauss ,
Mortgages ,
No-Deal Brexit ,
Right to Privacy ,
RMBS ,
Startups ,
Theresa May ,
Trademarks ,
Unicorns ,
Wal-Mart
Quite a start to the week for consulting powerhouse McKinsey & Co., with a Times expose on the questionable relationship between McKinsey’s clients and the investments its hedge fund has made in those same clients, not to...more
2/20/2019
/ 5G Network ,
Automotive Industry ,
Bank of New York (BNY) Mellon ,
China ,
Class Action ,
Class Certification ,
Commercial Bankruptcy ,
Conflicts of Interest ,
Consultants ,
Corruption ,
Criminal Prosecution ,
Cryptocurrency ,
Danske Bank ,
Data Privacy ,
Department of Justice (DOJ) ,
Emerging Growth Companies ,
Facebook ,
Failure To Disclose ,
Foreign Currency ,
Germany ,
Honda ,
Huawei ,
Initial Public Offering (IPO) ,
Money Laundering ,
PCAOB ,
Regulatory Agenda ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Trade Relations ,
UK Brexit ,
US Trade Policies ,
White Collar Crimes ,
Wireless Technology
Nissan’s Carlos Ghosn problems now extend to the United States, where the Securities and Exchange Commission has opened a probe into the accuracy of the company’s financial disclosures and internal controls....more
1/28/2019
/ Audits ,
Bank of New York (BNY) Mellon ,
Canada ,
China ,
Facebook ,
Federal Budget ,
Federal Funding ,
Financial Statements ,
Government Shutdown ,
Huawei ,
Instagram ,
Internal Controls ,
Job Creation ,
KPMG ,
Next Generation ,
Nissan ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Social Media ,
Trade Relations ,
Trump Administration ,
Unemployment ,
US Trade Policies ,
US-Mexico Border Wall ,
Vodafone ,
WhatsApp
British lawmakers are voting today on Theresa May’s updated Brexit plan, and by all accounts, it’s been a mad dash for the Prime Minister in recent weeks to shore up support for a plan “that could go down to a humiliating...more
1/15/2019
/ Canada ,
Cannabidiol (CBD) oil ,
Goldman Sachs ,
Hemp ,
Housing Market ,
IRS ,
Malaysia ,
Marijuana ,
Mortgages ,
PG&E ,
Publishers ,
RMBS ,
UK Brexit ,
Utilities Sector ,
Wells Fargo ,
Wildfires