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
Whoever emerges as the victor in the competition for TikTok will have to contend with another complication—this time from China, where on Friday the country “updated its export control rules to cover a variety of technologies...more
9/1/2020
/ BlackRock ,
CARES Act ,
China ,
Coronavirus/COVID-19 ,
Export Controls ,
Financial Adviser ,
Fraud ,
Furloughs ,
Infectious Diseases ,
Investment ,
McDonalds ,
Microsoft ,
Mutual Funds ,
National Security ,
Oracle ,
Paycheck Protection Program (PPP) ,
Securities and Exchange Commission (SEC) ,
TikTok ,
Trump Administration ,
Unemployment
In hotly anticipated comments on Thursday—and yes, such a designation applies to a speech on monetary policy—Federal Reserve Chair Jay Powell “announced a major shift in how the central bank guides the economy, signaling it...more
8/31/2020
/ Bayer ,
Coronavirus/COVID-19 ,
E-Commerce ,
Federal Reserve ,
Infectious Diseases ,
Interest Rate Adjustments ,
Japan ,
Microsoft ,
Mobile Apps ,
Monsanto ,
Nissan ,
Oracle ,
Payroll Taxes ,
TikTok ,
Trump Administration ,
U.S. Treasury ,
Unemployment ,
Unemployment Benefits ,
Wal-Mart
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
8/28/2020
/ Accredited Investors ,
Apple ,
Banks ,
Bitcoin ,
China ,
Consumer Privacy Rights ,
Coronavirus/COVID-19 ,
Data Collection ,
Data Mining ,
Disney ,
Economic Sanctions ,
Facebook ,
Federal Reserve ,
Ford Motor ,
Goods or Services ,
Hiring & Firing ,
Infectious Diseases ,
iPhone ,
Layoffs ,
Mark Zuckerberg ,
Mobile Apps ,
National Security ,
Online Advertisements ,
Remote Working ,
Salesforce ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Social Media ,
Telecommuting ,
TikTok ,
Trump Administration
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
Unlike much of the world, the U.S. has not turned the corner on the coronavirus outbreak. But you wouldn’t know it by looking at the markets. On Tuesday, the S&P 500 topped out at its highest level ever, “capping a remarkable...more
8/20/2020
/ Boeing ,
CalPERS ,
Carnival Cruise Lines ,
China ,
Citigroup ,
Co-payments ,
Coronavirus/COVID-19 ,
Data Breach ,
Drug Pricing ,
E-Commerce ,
Economic Downturn ,
Economic Growth ,
Financial Markets ,
Illegal-Subsidies ,
Kickbacks ,
Medicare ,
NBC ,
Pension Funds ,
Popular ,
Ransomware ,
Retailers ,
Revlon ,
S&P ,
SoftBank ,
Supply Chain ,
Target ,
Teva Pharmaceuticals ,
Trump Administration ,
US Trade Policies ,
Viacom ,
Wal-Mart
The White House has “doubled down” on its recent actions against TikTok by “formally giving ByteDance, the Chinese owner of the popular video-sharing app, 90 days to divest from its American assets and any data that TikTok...more
8/18/2020
/ Advertising ,
App Store ,
Apple ,
Bailout ,
Boeing ,
China ,
Commodities ,
Competitive Bidding ,
Coronavirus/COVID-19 ,
Criminal Investigations ,
Data Management ,
Divestment ,
Economic Downturn ,
EPIC ,
General Data Protection Regulation (GDPR) ,
Home Depot ,
Infectious Diseases ,
Investment ,
Japan ,
Mobile Apps ,
NASA ,
National Security ,
Oracle ,
Personal Data ,
Rare Earth Metals ,
Retail Market ,
Retail Sales ,
Salesforce ,
Social Media ,
TikTok ,
Trump Administration
Apple has removed spectacularly popular video game Fortnite from its App Store after accusing maker Epic Games of violating App Store Guidelines. Specifically, Epic has been encouraging users to make app payments directly to...more
8/14/2020
/ AIG ,
App Store ,
Apple ,
Coronavirus/COVID-19 ,
DaimlerChrysler ,
Hertz ,
Mercedes-Benz ,
Mobile Apps ,
Monopolization ,
Motor Vehicles ,
National Emissions Standards ,
Oracle ,
Pay Discrimination ,
Restaurant Industry ,
Retail Market ,
Retail Sales ,
Retaliation ,
Secretary of Labor ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
SoftBank ,
U.S. Commerce Department ,
Unemployment ,
Video Games
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
Big win for Qualcomm this week, with a 9th Circuit panel reversing an antitrust verdict against the company that “had threatened the chip maker’s business model.” The appellate court, in flipping the district court’s ruling,...more
8/12/2020
/ Anticompetitive Behavior ,
Antitrust Provisions ,
Apple ,
Artificial Intelligence ,
Coronavirus/COVID-19 ,
Criminal Prosecution ,
Data Collection ,
Facial Recognition Technology ,
First Amendment ,
General Motors ,
Goldman Sachs ,
Google ,
Judicial Proceedings ,
Microchip Technology ,
Mobile Apps ,
Moderna Inc. ,
Patent Infringement ,
Patent Litigation ,
Pharmaceutical Industry ,
Pinterest ,
Qualcomm ,
Restaurant Industry ,
Retailers ,
Sex Discrimination ,
Stocks ,
Telecommunications ,
Tesla ,
Theranos ,
TikTok ,
Vaccinations ,
Web Tracking ,
Wireless Technology
Eight months after firing its CEO, Steve Easterbrook, for “sexting with a subordinate,” McDonald’s has sued Easterbrook for allegedly “lying, concealing evidence and fraud” in what appears to be a series of other workplace...more
8/12/2020
/ Anti-Money Laundering ,
China ,
Constitutional Challenges ,
Coronavirus/COVID-19 ,
Delta Airlines ,
E-Commerce ,
Economic Sanctions ,
Electronic Trading ,
Employee Definition ,
Executive Orders ,
Federal Bans ,
Federal Reserve ,
Financial Regulatory Agencies ,
Fraud ,
Gig Economy ,
Independent Contractors ,
Inflation Adjustments ,
Infrastructure ,
Legislative Agendas ,
Lyft ,
McDonalds ,
Oil & Gas ,
Refineries ,
Relief Measures ,
Retailers ,
Securities Violations ,
Social Media ,
SoftBank ,
Suspicious Activity Reports (SARs) ,
Target ,
TikTok ,
Trump Administration ,
Uber
With “Twit-tok” trending this weekend, you should be unsurprised to learn that Twitter has joined the group of suitors for TikTok, revealing that it’s held preliminary talks with the video-sharing app about a possible combo. ...more
8/11/2020
/ Amazon Marketplace ,
CalPERS ,
Centers for Disease Control and Prevention (CDC) ,
China ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Eviction ,
Executive Orders ,
Federal Loans ,
Generic Drugs ,
HBO ,
Huawei ,
Infectious Diseases ,
Job Creation ,
Kodak ,
Microchip Technology ,
Mobile Apps ,
National Security ,
Payroll Taxes ,
Pharmaceutical Industry ,
Popular ,
Qualcomm ,
Relief Measures ,
Shopping Centers ,
Social Media ,
Social Security ,
Telecommunications ,
TikTok ,
Trump Administration ,
Twitter ,
Unemployment ,
Unemployment Benefits ,
Warren Buffett
Twitter will pay the Federal Trade Commission up to $250 million to “resolve new charges . . . that the social media giant breached a 2011 consent decree by using data provided for security purposes to target users with...more
8/4/2020
/ AIG ,
Argentina ,
Bank of America ,
Banks ,
BlackRock ,
Boeing ,
Bonds ,
Chapter 11 ,
China ,
Class Action ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Debt Restructuring ,
Facebook ,
Federal Aviation Administration (FAA) ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Fraud ,
Hedge Funds ,
Mark Zuckerberg ,
Microsoft ,
Mortgage Escrow Account ,
Office Space ,
Online Advertisements ,
Re-Opening Guidelines ,
Regulatory Violations ,
Retail Market ,
SBA ,
SBA Lending Programs ,
Social Media ,
TikTok ,
Trump Administration ,
Twitter
Following recent histrionics from the White House, ByteDance, “the Chinese internet giant that owns TikTok, has offered to sell all of the popular video app’s American operations as a way to save the business from being...more
8/4/2020
/ 7-Eleven ,
Airlines ,
Apple ,
Chapter 11 ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
EU ,
Facebook ,
FinTech ,
Foreign Currency ,
Gas Stations ,
GDP ,
Hate Speech ,
Hertz ,
iPhone ,
Layoffs ,
Lord & Taylor ,
Microsoft ,
Mobile Apps ,
Mobile Payments ,
Online Advertisements ,
Payment Processors ,
Permanent Bans ,
Popular ,
Race Relations ,
Reputational Injury ,
Rupert Murdoch ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Startups ,
Tesla ,
TikTok ,
Trump Administration ,
Valeant
Much more on what to expect from Big Tech’s “Big Tobacco Moment” on the Hill today, at which Google, Amazon, Facebook, and Apple’s CEOs will endeavor to make the case that their massive companies don’t “stifle rivals and...more
7/30/2020
/ Amazon Marketplace ,
Anti-Competitive ,
Apple ,
Campaign Finance Reform ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Defense Production Act ,
Facebook ,
Federal Loans ,
Federal Reserve ,
FOMC ,
Goldman Sachs ,
Google ,
Kodak ,
Lyft ,
National Security ,
Pharmaceutical Industry ,
Remote Learning ,
Securities and Exchange Commission (SEC) ,
Uber ,
Unemployment Benefits
Goldman Sachs has reached a deal for $3.9 billion with the Malaysian government to resolve allegations of wrongdoing related to the massive 1MDB scandal. Goldman was the “main banker for the Malaysian fund” and raised...more
7/27/2020
/ 1MDB ,
China ,
Coronavirus/COVID-19 ,
Corruption ,
E*Trade ,
Federal Reserve ,
Foreign Relations ,
Goldman Sachs ,
Malaysia ,
Personal Protective Equipment ,
Popular ,
Public Health ,
Trading Platforms ,
Unemployment Benefits ,
Vaccinations ,
Wal-Mart ,
Wells Fargo ,
White Collar Crimes
A Twitter-based crypto scam managed to hack some high-profile accounts Wednesday. VERY high profile...more
7/17/2020
/ American Airlines ,
Beverage Manufacturers ,
Burberry ,
China ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Default ,
Economic Downturn ,
EU ,
EU-US Privacy Shield ,
FinTech ,
Furloughs ,
Goldman Sachs ,
Government Lockdown ,
Hackers ,
Hiring & Firing ,
Layoffs ,
Loans ,
Morgan Stanley ,
Personal Protective Equipment ,
Race Relations ,
Recovery Plans ,
Social Media ,
TikTok ,
Twitter ,
Wal-Mart ,
Wirecard
The latest quarterly reporting shows that America’s biggest banks—among them, JPMorgan, Citigroup, and Wells Fargo—are taking self-imposed hits now in anticipation of a “wave of loan losses” later. Those three are...more
7/16/2020
/ Anti-Competitive ,
Antitrust Investigations ,
Apple ,
Automotive Industry ,
Boeing ,
Citigroup ,
Coronavirus/COVID-19 ,
Data Collection ,
Data Sellers ,
Default ,
Dodd-Frank ,
Economic Downturn ,
Electric Vehicles ,
EU ,
Google ,
Independent Contractors ,
Inflation Adjustments ,
Ireland ,
JPMorgan Chase ,
Loans ,
Lyft ,
Mobile Apps ,
Popular ,
Retail Market ,
Tax Liability ,
Uber ,
Wage and Hour ,
Wells Fargo ,
YouTube
The Treasury Department announced on Monday that the U.S. budget deficit hit a new record in June–$864 billion—“as the federal government continued pumping money into the economy to prop up workers and businesses affected by...more
7/14/2020
/ Business Closures ,
Business Travel ,
China ,
Comcast ,
Coronavirus/COVID-19 ,
Deficit Reduction ,
Elon Musk ,
Government Lockdown ,
Huawei ,
Securities Litigation ,
SoftBank ,
Tesla ,
UK
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
United Airlines is preparing to furlough as many as 36,000 workers—“nearly 40 percent of its global work force”—if the travel industry remains weak as summer turns into fall. The October 1 cuts would coincide with the end of...more
7/10/2020
/ Bank Fraud ,
Bed Bath & Beyond ,
Brick-and-Mortar Stores ,
CFTC ,
China ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Criminal Conspiracy ,
Disney ,
E-Commerce ,
Fashion Industry ,
Financial Markets ,
Internet Retailers ,
Investment Management ,
Layoffs ,
Main Street Lending Programs ,
Marijuana ,
Mobile Apps ,
Popular ,
Re-Opening Guidelines ,
Retailers ,
Revenue ,
Trading Platforms ,
Unemployment ,
United Airlines ,
Wirecard