Peloton’s quarterly earnings report showed that the company’s early-pandemic boom times are now firmly behind it, as the connected fitness bike maker delivered losses of $757 million for the first three months of 2022—“far...more
5/11/2022
/ Apple ,
Biden Administration ,
Cryptocurrency ,
Financial Institutions ,
Financial Markets ,
Imports ,
Pfizer ,
Price Inflation ,
Private Equity ,
Stock Markets ,
Tariffs
Barclay’s CEO Jes Staley is stepping down immediately after a two-year investigation by the UK’s Financial Conduct Authority and the Prudential Conduct Authority into Staley’s “relationship with the disgraced financier...more
11/1/2021
/ Apple ,
Barclays ,
Facebook ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
G20 ,
GameStop ,
John Deere ,
Microsoft ,
Prudential Regulation Authority (PRA) ,
Remote Working ,
Tariffs ,
Unions
A New York federal bankruptcy judge provisionally approved an opioid settlement plan on Wednesday that will dissolve Purdue Pharma and require members of the Sackler family (which owns Purdue) to “turn over billions of their...more
9/2/2021
/ Amazon ,
Apple ,
Biden Administration ,
Consumer Financial Protection Bureau (CFPB) ,
Electric Vehicles ,
Facebook ,
Financial Markets ,
General Data Protection Regulation (GDPR) ,
Monopolization ,
NHTSA ,
Opioid ,
Payday Loans ,
Purdue Pharma ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Tesla
Fresh off her Senate approval as newest commissioner to the Federal Trade Commission, Lina Khan—“a prominent critic of Big Tech”—has been named chair of the Commission. President Biden’s decision to make the 32-year-old Khan...more
6/16/2021
/ Acquisition Agreements ,
Administrative Appointments ,
Aircraft ,
Biden Administration ,
China ,
Data Protection ,
EU ,
FTC Commissioners ,
General Data Protection Regulation (GDPR) ,
Insider Trading ,
Kodak ,
Lumber Industry ,
McGraw Hill ,
Retail Sales ,
Silicon Valley ,
Southwest Airlines ,
Subsidies ,
Tariffs
The Federal Reserve’s “first-ever foray into the corporate bond market” will wrap up by the end of the year, with the central bank pledging to sell off all of the ETF-investments and direct bond holdings it began purchasing...more
6/3/2021
/ Activist Investors ,
Blockchain ,
Corporate Bonds ,
Corporate Taxes ,
Cybersecurity ,
Decentralized Finance (DeFi) ,
Economic Development ,
ETFs ,
Exxon Mobil ,
Federal Reserve ,
Financial Services Industry ,
Foreign Investment ,
International Labor Organization (ILO) ,
Job Creation ,
Meat Processing Plants ,
Ransomware ,
Tariffs ,
Tyson Foods
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®
Seismic news out of Seattle yesterday, with Amazon founder and CEO informing employees that he’s stepping out of the top spot at the e-commerce giant this summer after a nearly 30-year run and transitioning “into the role of...more
2/3/2021
/ Aluminum Sales ,
Amazon Marketplace ,
Automobile Recall ,
Biden Administration ,
CEOs ,
Chrysler ,
Coronavirus/COVID-19 ,
Federal Trade Commission (FTC) ,
Fiat ,
Financial Markets ,
Fuel Efficiency ,
GameStop ,
Google ,
Greenhouse Gas Emissions ,
Hormel ,
Infectious Diseases ,
Jeff Bezos ,
Kraft ,
Labor Law Violations ,
Relief Measures ,
Robinhood Financial ,
Stock Trades ,
Tariffs ,
Tesla ,
Tipped Employees ,
Tips ,
Toyota ,
Uber ,
United Arab Emirates (UAE)
DoorDash is entering the public markets fray today with hopes of “cash[ing] in on the frenzy in initial public offerings” of late. The food-delivery company is expected to price shares “at the high end of or above its...more
12/9/2020
/ Aircraft ,
Antitrust Violations ,
Competition ,
Corporate Sales Transactions ,
Cyber Attacks ,
Cybersecurity ,
DoorDash ,
EU ,
Foreign Trade Regulations ,
Going-Private Transactions ,
Goldman Sachs ,
Initial Public Offering (IPO) ,
McDonalds ,
Movies ,
Procter & Gamble ,
Rebates ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Share Buybacks ,
SoftBank ,
Tariffs ,
Uber ,
UK ,
UK Brexit ,
Warner Brothers Entertainment
The WTO—already on shaky ground with the White House—did little to endear itself on Tuesday with a decision giving the EU “permission to impose tariffs on $4 billion worth of American products annually in retaliation for...more
10/14/2020
/ 5G Network ,
Airbus ,
Aircraft ,
Amazon Marketplace ,
Antitrust Violations ,
Apple ,
Bank of America ,
Boeing ,
Citigroup ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
E-Commerce ,
EU ,
Google ,
Investment Funds ,
iPhone ,
JPMorgan Chase ,
Libor ,
Meat Processing Plants ,
Movie Theaters ,
Poultry ,
Price-Fixing ,
Quarterly Report ,
Retaliatory Tariffs ,
Sexual Harassment ,
Tariffs ,
Theranos ,
Trade Retaliation ,
Trade Wars ,
US Trade Policies ,
WTO
Under the terms of a deal with the DOJ announced this week, JPMorgan will pay $920 million and sign on to a deferred prosecution agreement “to resolve charges that it had manipulated markets for U.S. government bonds and...more
9/30/2020
/ Airbus ,
Boeing ,
Chevron ,
Commercial Bankruptcy ,
ConocoPhillips ,
Coronavirus/COVID-19 ,
Deferred Prosecution Agreements ,
Disney ,
Duke Energy ,
E-Commerce ,
Enforcement Actions ,
EU ,
Exports ,
Financial Markets ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
JPMorgan Chase ,
Layoffs ,
Lyft ,
NYSE ,
Oil & Gas ,
Retail Market ,
Royal Dutch Petroleum ,
Seasonal Workers ,
Settlement Agreements ,
Spoofing ,
State Labor Laws ,
Target ,
Tariffs ,
Uber ,
Wage and Hour ,
Wal-Mart ,
WTO
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
Blaming a “U.S. move to impose tariffs on French goods,” luxury brand conglomerate LMVH is pulling out of a proposed $16 billion deal to buy jeweler Tiffany & Co. Tiffany is now suing to enforce the ill-fated agreement....more
9/9/2020
/ Activist Investors ,
Aircraft ,
Apple ,
Boeing ,
Breach of Contract ,
CARES Act ,
CFTC ,
Climate Change ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Department of Labor (DOL) ,
Disclosure Requirements ,
Electric Vehicles ,
EPIC ,
Fair Labor Standards Act (FLSA) ,
Federal Aviation Administration (FAA) ,
Federal Labor Laws ,
Financial Markets ,
Financial Stimulus ,
Form 13F ,
France ,
General Motors ,
Infectious Diseases ,
Interest Rates ,
iPhone ,
Joint Employers ,
JPMorgan Chase ,
Luxury Goods ,
Nasdaq ,
Popular ,
Retail Market ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Startups ,
Tariffs ,
Tiffany and Company ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
UK Brexit
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
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
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
The pandemic is bringing rivals Apple and Google together in an effort to develop a system for “tracking through Bluetooth technology the contacts of those who have tested positive for COVID-19, a method the tech giants...more
4/13/2020
/ Amazon Marketplace ,
Apple ,
Business Closures ,
Class Action ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Department of Labor (DOL) ,
Economic Downturn ,
Exploration and Production Assets ,
Facebook ,
Farms ,
Financial Markets ,
Google ,
Instagram ,
Oil & Gas ,
OPEC ,
Restaurant Industry ,
Russia ,
Saudi Arabia ,
School Closures ,
Supply Chain ,
Tariffs ,
Telecommuting ,
Trading Policies ,
Unemployment Benefits
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
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
A mounting death toll (over 106 and counting) and fears of a coronavirus pandemic sent markets tumbling early on Monday and kicked off a selloff that continued all day....more
1/28/2020
/ 5G Network ,
Aerospace ,
Aluminum Sales ,
Amazon Marketplace ,
Antitrust Provisions ,
Antitrust Violations ,
Arbitrage ,
Arbitration ,
Arbitration Agreements ,
Automotive Industry ,
Boeing ,
China ,
Construction Project ,
Corporate Culture ,
Countrywide ,
Cyber Crimes ,
Driverless Cars ,
Drug Pricing ,
Economic Downturn ,
Electric Vehicles ,
Fashion Industry ,
Federal Trade Commission (FTC) ,
Financial Conduct Authority (FCA) ,
General Motors ,
Hackers ,
High Frequency Trading ,
Housing Market ,
Huawei ,
Infectious Diseases ,
Infrastructure ,
Jeff Bezos ,
Layoffs ,
Manufacturing Facilities ,
Marketing ,
Martin Shkreli ,
Motor Vehicles ,
National Security ,
NLRB ,
Pharmaceutical Industry ,
Prescription Drugs ,
Public Health ,
Saudi Arabia ,
Securities Transactions ,
Steel Industry ,
Supply Chain ,
Tariffs ,
Telecommunications ,
Trump Administration ,
UK ,
US Trade Policies ,
WhatsApp
Boeing has again pushed back the return of its flawed 737Max model, revealing yesterday that it doesn’t expect regulators to sign-off on their return to the air until at least summer....more
1/22/2020
/ Agribusiness ,
Aviation Industry ,
Bailout ,
Boeing ,
Brazil ,
Business Valuations ,
China ,
Citibank ,
Criminal Prosecution ,
Dams ,
EU ,
Farms ,
Flood Insurance ,
Foreign Relations ,
France ,
Homicide ,
Manufacturers ,
Mining ,
Non-Disclosure Agreement ,
OCC ,
Popular ,
Startups ,
Tariffs ,
Trade Wars ,
UK ,
UK Brexit ,
Unicorns ,
US Trade Policies
Well, Phase One is official, thanks to a White House signing yesterday that included Chinese Vice Premier Liu He. With that act comes our first substantive look at the deal that’s been thus-far shrouded in secrecy. Some...more
1/16/2020
/ 1MDB ,
Amazon Marketplace ,
Automotive Industry ,
China ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Exports ,
Federal Reserve ,
Financial Markets ,
France ,
Goldman Sachs ,
Imports ,
India ,
Investment ,
Jeff Bezos ,
Libor ,
Malaysia ,
Mobile Apps ,
Nissan ,
Retail Market ,
Retailers ,
Revenue ,
Social Media ,
Sovereign Wealth Funds ,
Supply Chain ,
Target ,
Tariffs ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
Twitter ,
US Trade Policies ,
White Collar Crimes
Hackers who targeted airport currency exchange mainstay Travelex in a ransomware attack on New Year’s Eve have alerted British media that they possess 5 GB of sensitive customer data from the company “since gaining access to...more
1/10/2020
/ Aircraft Equipment ,
Airplane Accidents ,
Airports ,
Bailout ,
Barclays ,
Boeing ,
China ,
Cross-Border Transactions ,
Currency Exchange ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Economic Growth ,
EU ,
Exports ,
Failure to Comply ,
Financial Markets ,
Financial Transactions ,
Foreign Exchanges ,
Foreign Relations ,
Forex ,
Goldman Sachs ,
GrubHub ,
Hackers ,
Imports ,
Information Governance ,
Information Technology ,
Insurance Industry ,
Interest Rate Adjustments ,
Interest Rates ,
Internal Communications ,
Iran ,
Job Creation ,
Jobs Report ,
Legislative Agendas ,
Lloyds Banking Group ,
Mergers ,
Mining ,
On-Demand Services ,
Pending Legislation ,
Popular ,
Ransomware ,
Retail Banks ,
Revenue ,
Stock Prices ,
Tariffs ,
Trade Negotiations ,
Trade Relations ,
UK ,
UK Brexit ,
Unemployment ,
US Trade Policies ,
Wages
Home speaker maker Sonos has sued Google, accusing the company of “infringing on five of its patents, including technology that lets wireless speakers connect and synchronize with one another.” Sonos had originally partnered...more
1/8/2020
/ Aircraft ,
Airplane Accidents ,
Boeing ,
Carbon Emissions ,
CEOs ,
Class Action ,
Corruption ,
Criminal Conspiracy ,
DaimlerChrysler ,
Data Breach ,
Demotions ,
Digital Taxes ,
Distributors ,
Employee Training ,
Employer Liability Issues ,
Employment Litigation ,
Fast-Food Industry ,
Federal Aviation Administration (FAA) ,
France ,
Franchises ,
Goldman Sachs ,
Google ,
Guilty Pleas ,
Hostile Environment ,
Imports ,
Insider Trading ,
Institutional Investors ,
International Tax Issues ,
Local Revenues ,
McDonalds ,
Misleading Impressions ,
Non-Public Information ,
Patent Infringement ,
Patent Litigation ,
Patents ,
Popular ,
Race Discrimination ,
Retail Market ,
Retailers ,
Safety Training ,
Search Engines ,
Securities Violations ,
Tariffs ,
Trade Policy ,
Trade Relations ,
White Collar Crimes ,
Wireless Technology
Oil jumped for a second straight day, with futures near $70/barrel as fallout from the U.S.’s drone-strike assassination of Iran’s Qassem Soleimani continues to raise “the prospect of disruptions in the world’s most important...more
1/6/2020
/ Agribusiness ,
Agricultural Sector ,
Assassinations ,
Automotive Industry ,
Bankruptcy Plans ,
Beverage Manufacturers ,
Capital Gains ,
CFTC ,
Commercial Bankruptcy ,
Commodities ,
Corporate Culture ,
Cyber Attacks ,
Data Breach ,
Drones ,
Economic Downturn ,
Economic Growth ,
Exports ,
Farms ,
Financial Markets ,
Food Manufacturers ,
Gag Orders ,
Hospitality Industry ,
Hotels ,
Immigration Procedures ,
Imports ,
Interest Rate Adjustments ,
Interest Rates ,
Iran ,
Japan ,
Kraft ,
London Stock Exchange ,
Manufacturers ,
Market Manipulation ,
Nissan ,
Oil & Gas ,
Oil Prices ,
Popular ,
Settlement Agreements ,
SoftBank ,
Startups ,
Tariffs ,
Tax Cuts and Jobs Act ,
Tax Reform ,
Trump Administration ,
UK ,
US Trade Policies ,
White Collar Crimes
The US and China have reportedly reached an initial agreement on the “final terms of a phase one trade deal, moving both countries closer to signing a pact that” the White House originally announced in October and averting...more
12/13/2019
/ Antitrust Violations ,
China ,
Competition ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Debit and Credit Card Transactions ,
Debt ,
Digital Wallets ,
Economic Growth ,
EU ,
European Central Bank ,
Exports ,
Facebook ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Franchisee ,
Full-Time Employees ,
Google ,
Imports ,
Joint Employers ,
Labor Law Violations ,
Manufacturers ,
McDonalds ,
Mobile Apps ,
Online Gaming ,
PayPal ,
Political Campaigns ,
Preliminary Injunctions ,
Prepaid Payment Products ,
Revenue ,
Revenue Sharing ,
Settlement Agreements ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trade Retaliation ,
Trade Wars ,
Trump Administration ,
UK ,
UK Brexit ,
Unemployment ,
US Trade Policies ,
Venmo