Fed vice chair Richard Clarida, in comments to the Economic Club of NY on Thursday, hoped to calm turbulent markets by noting that central bank officials would indeed consider lower-than-desired inflation along with “global...more
5/31/2019
/ Amazon Marketplace ,
China ,
Citigroup ,
Doing Business ,
Earnings Reports ,
Exports ,
Fannie Mae ,
Federal Reserve ,
FHFA ,
Foreign Relations ,
Forex ,
Freddie Mac ,
Imports ,
Initial Public Offering (IPO) ,
Interest Rates ,
Mortgages ,
NYDFS ,
Supply Chain ,
T-Mobile ,
Tariffs ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
Uber ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies ,
Wireless Industry
Recent San Francisco-federal court decisions from Judge Vince Chhabria suggest that the “dozens” of lawsuits accusing Facebook of violating users’ privacy for its own profit (many of which stemmed from the Cambridge Analytica...more
5/30/2019
/ 5G Network ,
Agribusiness ,
Bond Markets ,
China ,
Chrysler ,
Commodities ,
Department of Justice (DOJ) ,
Ericsson ,
Facebook ,
Farms ,
Federal Reserve ,
Fiat ,
Foreign Trade Regulations ,
Global Economy ,
Huawei ,
Nokia ,
Presidential Appointments ,
Renault-Nissan ,
Social Media ,
Sprint ,
T-Mobile ,
Tariffs ,
Telecommunications ,
Trade Relations ,
Trade Retaliation ,
Trade Wars ,
US Trade Policies ,
Wireless Industry ,
Wireless Technology
The US’s ongoing trade war with China—which just isn’t going away any time soon—has prompted the White House to propose a new “$16 billion bailout for farmers hurt by Beijing’s tariffs.” At the same time, leaders from both...more
5/24/2019
/ Capital Raising ,
China ,
Criminal Prosecution ,
Cyber Threats ,
Cybersecurity ,
Deregulation ,
Deutsche Bank ,
Disclosure Requirements ,
DoorDash ,
Enforcement Actions ,
Fiduciary Rule ,
Financial Institutions ,
Financial Regulatory Reform ,
High Risk Financial Products ,
Indictments ,
Investment Adviser ,
On-Demand Services ,
Rulemaking Process ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Theresa May ,
Trade Relations ,
Trade Retaliation ,
UK Brexit ,
US Trade Policies
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
Google parent company Alphabet [and a host of chipmakers] formally suspended all business with Huawei “that requires the transfer of hardware, software and technical services except those publicly available via open source...more
5/20/2019
/ Amazon Marketplace ,
Bodily Injury ,
China ,
Credit Cards ,
EURIBOR ,
Financial Markets ,
Google ,
Huawei ,
Imports ,
Initial Public Offering (IPO) ,
Johnson & Johnson ,
JPMorgan Chase ,
Metals ,
Target ,
Tariffs ,
Trump Administration ,
US Trade Policies ,
Value-Added Tax (VAT)
Disney will take total control of the TV and movie streaming service Hulu after forking over at least $5.8 billion to buy out last remaining partner, Comcast. That price won’t be determined for a while, though, as the sale...more
5/15/2019
/ Aircraft ,
Amazon Marketplace ,
Boeing ,
China ,
Comcast ,
Danske Bank ,
Disney ,
E-Commerce ,
Employee Definition ,
Estonia ,
Federal Aviation Administration (FAA) ,
Financial Crimes ,
Global Economy ,
Google ,
Hulu ,
Independent Contractors ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Money Laundering ,
NLRB ,
Online Advertisements ,
Regulatory Oversight ,
Safety Standards ,
SoftBank ,
Stock Markets ,
Stock Prices ,
Tariffs ,
Trade Relations ,
Trade Retaliation ,
Uber ,
US Trade Policies
That massive thud? That would be the other shoe dropping in the form of Chinese counter tariffs on another $60 billion in US goods in response to the White House’s trade moves last week....more
5/14/2019
/ Amazon Marketplace ,
Antitrust Litigation ,
Apple Inc v Pepper ,
Bayer ,
Cancer ,
China ,
Class Action ,
Cryptocurrency ,
Financial Markets ,
Imports ,
Initial Coin Offering (ICOs) ,
Interest Rates ,
Investment Fraud ,
iPhone ,
Loans ,
Marriott ,
Monopolization ,
Monsanto ,
Rental Property ,
SCOTUS ,
Share Price ,
Sprint ,
T-Mobile ,
Tariffs ,
Trade Relations ,
Trade Retaliation ,
Trump Administration ,
US Trade Policies
True, the economic headwinds weren’t its fault, but boy—not a banner debut for Uber after years of speculation and waiting....more
5/13/2019
/ Administrative Appointments ,
Bank Fraud ,
China ,
Conflicts of Interest ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Department of Justice (DOJ) ,
Dividends ,
Economic Development ,
Enforcement Actions ,
Federal Reserve ,
Flex-Time Policies ,
Foreign Trade Regulations ,
Huawei ,
Initial Public Offering (IPO) ,
Regulatory Agenda ,
Rulemaking Process ,
Securities and Exchange Commission (SEC) ,
SoftBank ,
Tariffs ,
Trade Relations ,
Trade Retaliation ,
Uber ,
US Trade Policies ,
Volkswagen
Chevron has dropped its $33 billion bid for Anadarko, ending the energy industry’s “fiercest takeover battle in 15 years” and leaving smaller rival Occidental “poised to become the dominant force in the largest oil field in...more
5/10/2019
/ Anti-Money Laundering ,
Audits ,
Chevron ,
China ,
Cryptocurrency ,
Danske Bank ,
Estonia ,
Financial Markets ,
FinCEN ,
Foreign Relations ,
Initial Public Offering (IPO) ,
Jeff Bezos ,
Morgan Stanley ,
Proposed Regulation ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Uber ,
US Trade Policies
The latest on Uber’s Friday IPO includes new details on its anticipated pricing, which for now looks to come in at the midpoint of its $44-50/share range [though demand is probably strong enough for the company to shoot for...more
5/9/2019
/ Amazon Marketplace ,
Annuities ,
Bonds ,
China ,
Enforcement Actions ,
Financial Fraud ,
Financial Markets ,
General Motors ,
Germany ,
Grocery Stores ,
Hackers ,
IBM ,
Initial Public Offering (IPO) ,
Investment ,
Manufacturing Facilities ,
Regulatory Oversight ,
Tax Evasion ,
Uber ,
UBS ,
UK
China’s lead trade negotiator, Vice Premier Liu He, is in D.C. today—despite the White House’s latest threats to increase tariffs by 15% on $200 billion of Chinese goods—to continue trade talks with his U.S. counterparts. Mr....more
5/8/2019
/ China ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Federal Reserve ,
Financial Regulatory Reform ,
Imports ,
Initial Public Offering (IPO) ,
Lyft ,
National Emissions Standards ,
Porsche ,
Regulatory Burden ,
Rulemaking Process ,
Securities Fraud ,
Tariffs ,
Trade Relations ,
Trump Administration ,
Uber ,
US Trade Policies ,
White Collar Crimes ,
Zillow
Occidental has increased the cash portion of its recent bid for rival Anadarko, upping the cash side of its $38 billion offer to 78% (from 50%). Chevron now has 4 days to sweeten its bid or lose out – NYTimes and WSJ and...more
5/7/2019
/ Auto Insurance ,
Board of Directors ,
China ,
Civil Investigation Demand ,
Consumer Financial Protection Bureau (CFPB) ,
Cookies ,
Criminal Prosecution ,
Extradition ,
Federal Reserve ,
Google ,
Imports ,
Investment Funds ,
Leveraged Loans ,
Securities Fraud ,
Tariffs ,
Tesla
All of Treasury Secretary Mnuchin’s “great progress” reports be damned, apparently. Over the weekend, the White House threatened to fast-forward plans to raise tariffs from 10 to 25% on $200 billion of Chinese imports,...more
5/7/2019
/ 21st Century Fox ,
Acquisitions ,
Antitrust Provisions ,
China ,
Corporate Fines ,
Criminal Investigations ,
Disney ,
Exxon Mobil ,
Facebook ,
Federal Trade Commission (FTC) ,
Financial Markets ,
Initial Public Offering (IPO) ,
Sinclair Broadcast Group ,
Subpoenas ,
Tariffs ,
Technology Sector ,
U.S. Treasury ,
Uber ,
Warren Buffett
We were pretty sure that the Fed would keep interest rates steady as it wrapped its Open Market Committee meetings yesterday, and Fed Chair Powell delivered on that expectation. He also admitted that the same lack of...more
5/3/2019
/ Acquisitions ,
Apple ,
Banks ,
Barclays ,
Cambridge Analytica ,
China ,
Credit Cards ,
Debt ,
Delinquent Borrowers ,
Derivative Suit ,
EU ,
Federal Reserve ,
Financial Services Industry ,
Interest Rates ,
Internet ,
Patent Litigation ,
Political Parties ,
Prime Minister ,
Qualcomm ,
Scandals ,
Secretary of Defense ,
Shareholder Litigation ,
Telecommunications ,
Transaction Fees ,
UK Brexit
Samsung announced yesterday that it’s postponing the official mass-market introduction of its new foldable smart phone (originally set for the end of the week) based on reports that the pricey device has been malfunctioning....more
4/23/2019
/ #MeToo ,
Anheuser-Busch ,
Boeing ,
CFTC ,
China ,
Elon Musk ,
Facebook ,
Federal Reserve ,
Foreign Currency ,
Google ,
Heinz ,
Initial Public Offering (IPO) ,
Investment Fraud ,
Kraft ,
NVIDIA ,
Plant Based Products ,
Retailers ,
Safety Standards ,
Samsung ,
Sexual Harassment ,
Smartphones ,
Telecommunications ,
Tesla ,
Trading Platforms ,
Unicorns
Disney has officially added a + and unveiled its new streaming service (that would be Disney Plus), a subscription video program “dedicated to movies and shows from Disney, Pixar, the ‘Star Wars’ franchise, National...more
4/12/2019
/ Campbell Soup Company ,
Chapter 11 ,
China ,
Cloud Computing ,
Commercial Bankruptcy ,
Disney ,
Ditech Holding Corp. ,
Foreign Trade Regulations ,
Initial Public Offering (IPO) ,
Internet Streaming ,
Investment ,
Prospectus ,
Publishers ,
Uber ,
UK Brexit
British Bank Standard Chartered agreed on Tuesday “to pay $1.1 billion to settle allegations by the authorities in the United States and Britain that it violated anti-money laundering laws and economic sanctions.” The...more
4/10/2019
/ Aircraft ,
Aircraft Sales ,
Banks ,
Bitcoin Mining ,
Boeing ,
China ,
Cryptocurrency ,
Economic Sanctions ,
Initial Public Offering (IPO) ,
Investment Opportunities ,
Money Laundering ,
Takeovers ,
Uber ,
UK Brexit ,
Wells Fargo ,
Wynn Resorts
Pinterest has set a price range of $15 to $17 a share for its IPO roadshow today that “will value the company below its last private-market peg of $12 billion.” The company also plans to attempt “the sunset version of...more
4/8/2019
/ Administrative Appointments ,
Aetna ,
Australia ,
Boeing ,
CFTC ,
China ,
Corporate Bonds ,
Criminal Conspiracy ,
CVS ,
Department of Justice (DOJ) ,
Evidentiary Hearings ,
Exchange-Traded Products ,
Federal Reserve ,
Initial Public Offering (IPO) ,
Job Creation ,
Money Laundering ,
Pinterest ,
Spoofing ,
Startups ,
Unemployment ,
US Trade Policies
Jobs report Friday again. Which, after February’s dismal numbers, is carrying extra importance today. We’ll be keeping an eye on US manufacturing, among other things. Here’s what to watch....more
4/5/2019
/ Administrative Appointments ,
Aiding and Abetting ,
Amazon Marketplace ,
China ,
Commerzbank ,
Criminal Conspiracy ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Divorce ,
Elon Musk ,
Embedded Tweets ,
False Claims Act (FCA) ,
Federal Reserve ,
Jeff Bezos ,
Job Creation ,
Kickbacks ,
Manufacturers ,
Medicare ,
Pharmaceutical Industry ,
Sears ,
Securities and Exchange Commission (SEC) ,
Social Media ,
Spoofing ,
Tesla ,
Theresa May ,
Trade Relations ,
Twitter ,
UK Brexit ,
Unemployment
Not shockingly, the White House’s recent insistence on keeping tariffs in place on China (to ensure deal compliance) is proving to be a major stumbling block in negotiations on a grand trade deal between the US and China....more
4/5/2019
/ Agricultural Workers ,
Amazon Marketplace ,
China ,
Cloud Computing ,
Construction Workers ,
Cybersecurity ,
Data Breach ,
Economic Downturn ,
Employment Litigation ,
Facebook ,
FASB ,
Foreign Workers ,
Gender Discrimination ,
Hiring & Firing ,
Initial Coin Offering (ICOs) ,
Japan ,
Job Creation ,
Lyft ,
Nissan ,
No-Action Letters ,
Personal Data ,
Pregnancy Discrimination ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Trade Relations ,
Unemployment
Just months after Whole Foods raised prices on certain items after an initial Amazon-pushed lowering, Bezos & Co. are planning cuts on “hundreds of items” as early as this week in an effort to “change the chain’s high-cost...more
4/2/2019
/ Amazon Marketplace ,
Barclays ,
China ,
Department of Labor (DOL) ,
Direct Listing ,
Dow Jones ,
EU ,
EURIBOR ,
Facebook ,
Flash Crash ,
Grocery Stores ,
Initial Public Offering (IPO) ,
Joint Employers ,
Labor Law Violations ,
Lyft ,
Mark Zuckerberg ,
NYSE ,
Regulatory Agenda ,
Regulatory Oversight ,
Securities Violations ,
Slack ,
Software ,
Spoofing ,
Trade Relations ,
UK ,
UK Brexit ,
Whole Foods
OxyContin-maker Purdue Pharma and its owners, the Sackler family, reached a deal this week with the state of Oklahoma in which they will pay “$270 million to avoid going to a state court trial over the company’s role in the...more
3/27/2019
/ Administrative Appointments ,
Apple ,
Barclays ,
Boeing ,
China ,
Conflicts of Interest ,
Enforcement Actions ,
Federal Aviation Administration (FAA) ,
Federal Reserve ,
Interest Rates ,
International Trade Commission (ITC) ,
IP License ,
JPMorgan Chase ,
Lyft ,
Opioid ,
OxyContin ,
Pain Management ,
Patent Litigation ,
Pharmaceutical Industry ,
Prescription Drugs ,
Qualcomm ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
Share Price ,
Tariffs ,
Theresa May ,
Trade Relations ,
Uber ,
UK Brexit ,
US Trade Policies ,
Wealth Management ,
Whistleblower Awards
The Federal Reserve’s Open Market Committee wrapped its March meetings yesterday with Chair Powell highlighting the central bank’s “fairly downbeat economic assessment” and the expectation that it will keep rates steady for...more
3/21/2019
/ 21st Century Fox ,
Automotive Industry ,
Capital Raising ,
China ,
Disclosure Requirements ,
Disney ,
Federal Reserve ,
Financial Crisis ,
Ford Motor ,
Foreign Investment ,
Foreign Trade Regulations ,
Greece ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Job Creation ,
Levi Strauss ,
Publicly-Traded Companies ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
Visas ,
Wall Street
The US and China have scheduled two more rounds of high-level trade talks with hopes for an agreement between the economic superpowers by late April, even as China has begun to push back against some of the US’s major...more
3/20/2019
/ Airplane Accidents ,
Android ,
Antitrust Violations ,
Bank of New York (BNY) Mellon ,
Bayer ,
Boeing ,
Cancer ,
China ,
Citibank ,
Contempt ,
Corporate Liability ,
E-Commerce ,
Elon Musk ,
EU ,
Facebook ,
Fair Housing Act (FHA) ,
Federal Aviation Administration (FAA) ,
Federal Reserve ,
Foreign Trade Regulations ,
Google ,
Instagram ,
Loans ,
Market Manipulation ,
Mobile Apps ,
Monsanto ,
Mortgages ,
OCC ,
Online Advertisements ,
Race Discrimination ,
Search Engines ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Securitization ,
Settlement Agreements ,
Sex Discrimination ,
Smartphones ,
Tesla ,
Toxic Chemicals ,
Toxic Exposure ,
Web Browsers
Fascinating weekend feature from the Journal exploring how Sears Roebuck went from the dominant force in American retailing to the bankrupt shell of a company that it is now—all within a period of just 40 years....more
3/18/2019
/ #MeToo ,
Allianz ,
Amazon Marketplace ,
Antitrust Violations ,
Apple ,
Cambridge Analytica ,
China ,
Class Action ,
Commercial Bankruptcy ,
Data-Sharing ,
Defamation ,
Deutsche Bank ,
Disclosure ,
Economic Downturn ,
Facebook ,
Gaming ,
Google ,
Initial Public Offering (IPO) ,
iPhone ,
Loan Modifications ,
Lyft ,
Mobile Apps ,
Mortgages ,
Patent Infringement ,
Personal Data ,
Qualcomm ,
Retailers ,
Sears ,
Securities and Exchange Commission (SEC) ,
Sexual Harassment ,
Social Media ,
Technology Sector ,
UK Brexit ,
Wall Street ,
Wealth Management ,
Wells Fargo