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Robins Kaplan LLP

Financial Daily Dose 12.3.2021 - Markets Bounce Back and Look for Strong November Jobs Report

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Jobs Report Friday, again. Here’s what we’re looking for in the numbers and why economists are generally optimistic about these pre-Omicron figures - NYTimes and WSJ and Bloomberg and MarketWatch Count Thursday as a...more

Robins Kaplan LLP

Financial Daily Dose 5.17.2021 | Top Story: AT&T to Spinoff WarnerMedia Assets and Merge with Discovery

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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

Robins Kaplan LLP

Financial Daily Dose 4.30.2021 | Top Story: U.S. Economy Flourishes in Q1 on Pent-up Demand and Stimulus Spending

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New numbers show that the U.S. economy “picked up speed last quarter,” expanding 1.6% in the first three months of the year [for an annualized 6.4%], as a mix of stimulus money and falling unemployment helped power consumer...more

Robins Kaplan LLP

Financial Daily Dose 4.26.2021 | Top Story: Bitcoin Bounces Back Over 50k

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Bitcoin’s back (and no, it never really left), thanks to a rally this morning that pushed its value up as much as 10% at one point in early trading today. Elon Musk’s weekend tweeting and news that presumptive top NFL draft...more

Robins Kaplan LLP

Financial Daily Dose 2.16.2021 | Top Story: WTO Names First Woman, First African as Org President

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After more than half a year without a leader, the WTO is poised to welcome its “first woman and first African” to the role in the form of Nigerian economist and former finance minister Dr. Ngozi Okonjo-Iweala. ...more

Robins Kaplan LLP

Financial Daily Dose 2.8.2021 | Top Story: Weak Jan. Jobs Report Paves Way for Biden’s Covid Relief Plan

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Friday’s “anemic” jobs report (just 49,000 jobs added in January, and precious few of those in the private sector) “underscored the pandemic’s brutal damage to the job market” and likely made President Biden’s sale of his...more

Cadwalader, Wickersham & Taft LLP

State Attorney General Insider – Winter 2020-2021, Issue No. 3: Notable Cases

Notable Cases - Here are a few of the major cases of interest within the state Attorneys General community that are receiving significant press coverage. ...more

Robins Kaplan LLP

Financial Daily Dose 2.2.2021 | Top Story: CBO Projects Faster US Recovery But Lagging Employment

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New CBO projections suggest that even without additional Congressional aid, the “American economy will return to its pre-pandemic size by the middle of this year.” While encouraging, the report offers cold comfort for the...more

Robins Kaplan LLP

Financial Daily Dose 12.17.2020 | Top Story: Fed Stays Bond-Buying Course, Urges Congress to Pass Covid Relief

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The Fed’s Open Markets Committee meeting wrapped on Wednesday, and in remarks following the meeting, Fed Chair Powell called the case for fiscal policy right now “very, very strong,”—a not-so-subtle nudge to Congress to act...more

Robins Kaplan LLP

Financial Daily Dose 12.16.2020 | Top Story: EU and UK Regulators Announce Sweeping New Laws Aimed at Big Tech Gatekeepers

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EU and British authorities unveiled new proposals this week to “crimp the power of ‘gatekeeper’ platforms like Amazon, Apple, Facebook, Google and Microsoft, which policymakers argue deserve more oversight given their outsize...more

Robins Kaplan LLP

Financial Daily Dose 12.11.2020 | Top Story: Banner Airbnb Public Trading Debut Has Some Worrying About Tech Bubble

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Because too much of a good thing is always trouble (especially on Wall Street), market watchers are warning of a new tech bubble after Airbnb’s monster IPO on Thursday. The home-sharing app’s shares rose more than 112% to...more

Robins Kaplan LLP

Financial Daily Dose 12.2.2020 | Top Story: Treasury, Fed Paint Divergent Views of Economic Recovery

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Tuesday’s Senate Committee hearing with Fed Chair Powell and Treasury Secretary Mnuchin showed the growing rift between the two over their views of “challenges facing the United States economy in the months ahead.” ...more

Robins Kaplan LLP

Financial Daily Dose 11.19.2020 | Top Story: FAA Clears Boeing’s Troubled 737 Max to Return to Skies

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The FAA has once again given Boeing the green light to send its troubled 737 Max models into the sky, “20 months after it was grounded following two fatal crashes blamed on faulty software and a host of company and government...more

Robins Kaplan LLP

Financial Daily Dose 11.18.2020 | Top Story: Apple Cuts App Store Fees Amidst Antitrust Scrutiny

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In a major shift (and with antitrust regulators breathing down its neck), Apple is halving the App Store fee it charges developers (from 30% to 15%) who produce “as much as $1 million in annual revenue from their apps and...more

Robins Kaplan LLP

Financial Daily Dose 11.11.2020 | Top Story: Alibaba Hoping for Huge Singles’ Day Haul on Pent-Up Demand

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TikTok parent ByteDance, flying under the radar as other recent events have shoved the White House’s battle with the company to the back burner, has “asked a U.S. appeals court for additional time to work out a potential...more

Robins Kaplan LLP

Financial Daily Dose 11.10.2020 | Top Story: EU Unveils New Antitrust Investigation and Charges Against Amazon

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The European Union has unveiled a new antitrust probe and accompanying charges against Amazon over alleged the “use of non-public business data from independent sellers on its marketplace that could benefit the company’s own...more

Robins Kaplan LLP

Financial Daily Dose 10.29.2020 | Top Story: Stocks Lose Most Since June as Renewed Covid Fears Set In

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Wall Street had another come-to-Jesus day over the troubling recent Covid trends, as surging cases throughout the U.S. and across Europe drove markets to their worst performance since June....more

Robins Kaplan LLP

Financial Daily Dose 10.19.2020 | Top Story: ConocoPhillips Buys Oil Producer Concho Resources in Deal Worth Nearly $10B

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ConocoPhillips is doubling down on its commitment to the Midland basin by buying Concho Resources Inc. in “an all-stock transaction valued at $9.7 billion,” even “as the American shale-drilling industry is facing a downturn...more

Robins Kaplan LLP

Financial Daily Dose 10.13.2020 | Top Story: Disney Overhauls Organization to Focus on Streaming

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New Disney CEO Bob Chapek made one of his biggest moves yet since taking the reins, announcing a realignment “of its business divisions on Monday that placed the focus squarely on Disney+ and its other streaming services as...more

Robins Kaplan LLP

Financial Daily Dose 10.12.2020 | Top Story: Court Rules Apple Doesn’t Have to Offer Fortnite in App Store

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Big Friday win for Apple in its ongoing battle with Epic Games, as N.D. Cal. Federal Judge Yvonne Gonzalez Rogers ruled that Cook & Co. didn’t “need to reinstate the popular video game Fortnite in its App Store,” a blow to...more

Robins Kaplan LLP

Financial Daily Dose 9.24.2020 | Top Story: JPMorgan Nears $1B Settlement Over Alleged Spoofing

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JPMorgan is preparing to finalize a deal with federal prosecutors and regulators in which the bank would pay nearly $1 billion to “settle civil and criminal charges that its traders rigged futures and securities markets”...more

Robins Kaplan LLP

Financial Daily Dose 9.16.2020 | Top Story: WTO Finds U.S.’s 2018 Tariffs on China Broke Trade Rules

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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

Robins Kaplan LLP

Financial Daily Dose 9.9.2020 | Top Story: Luxury-Goods Giant LMVH Pulls Out of $16 Billion Deal to Acquire Tiffany & Co.

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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

Robins Kaplan LLP

Financial Daily Dose 9.8.2020 | Top Story: Markets Slide Amidst So-So Jobs Report and Tech Reset

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Last Friday’s US Jobs Report saw unemployment fall to 8.4%, but the end of federal aid programs and a solid-but-not-gangbusters 1.4 million jobs gained in August leads many to fear a much worse employment picture ahead....more

Robins Kaplan LLP

Financial Daily Dose 8.27.2020 | Top Story: TikTok CEO Resigns After Just 4 Months on Job

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Still-new TIkTok CEO Kevin Mayer has stepped down, “just months after taking the helm of the viral short video app.” ByteDance had appointed Mayer in May in an effort “to make the case that TikTok operates as a separate...more

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