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
Just how bad is the Brexit crisis for Prime Minister May? Well, she’s considering crossing the aisle and, gulp, working with the Labour Party on a departure plan. So really bad. And oh yeah, more time, please....more
4/3/2019
/ BlackRock ,
Bribery ,
Class Action ,
Criminal Conspiracy ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Disney ,
Economic Downturn ,
Equal Pay ,
Federal Reserve ,
HSBC ,
IMF ,
Insurance Regulations ,
Nissan ,
Pay Gap ,
Ponzi Scheme ,
Sex Discrimination ,
Sexual Harassment ,
Stock Markets ,
Theresa May ,
Trump Administration ,
UK Brexit ,
Wall Street ,
Wynn Resorts
As many expected, the US economy slowed in Q4 2018, growing at a 2.6% annual rate in the final three months of last year. That figure was better than some forecasters thought, but it still marks a “significant slowdown” from...more
3/1/2019
/ Amazon Marketplace ,
Audits ,
Beer ,
Breweries ,
Business Profits ,
China ,
Credit Ratings ,
Cryptocurrency ,
Data Protection ,
Department of Justice (DOJ) ,
Economic Development ,
Elon Musk ,
EU ,
Facebook ,
Fashion Industry ,
Gap Inc ,
General Data Protection Regulation (GDPR) ,
Ireland ,
KPMG ,
PCAOB ,
PG&E ,
Retail Market ,
Safety Standards ,
Tariffs ,
Tesla ,
Trade Wars ,
UK ,
UK Brexit ,
US Trade Policies ,
Wildfires
The DC Circuit Court of Appeals dealt the DOJ a blow yesterday with a ruling that “rejected the government’s claim that a lower court had applied antitrust laws incorrectly in allowing the merger” between AT&T and Time Warner...more
2/27/2019
/ 5G Network ,
Antitrust Provisions ,
AT&T ,
Bank of America ,
Bonds ,
Commerzbank ,
Competition ,
Data Breach ,
Department of Justice (DOJ) ,
Department of Labor (DOL) ,
Deutsche Bank ,
Elon Musk ,
Embedded Tweets ,
Fannie Mae ,
Fees ,
Fidelity Investments ,
Financial Services Committee ,
Financial Services Industry ,
Freddie Mac ,
Germany ,
Huawei ,
Interest Rate Adjustments ,
JPMorgan Chase ,
Market Manipulation ,
Mutual Funds ,
Online Advertisements ,
Securities and Exchange Commission (SEC) ,
Social Media ,
Time Warner ,
United Arab Emirates (UAE) ,
Wal-Mart ,
Wireless Industry
Kraft Heinz dropped a double-whammy on investors on Thursday, announcing a $15 billion charge against its Kraft and Oscar Mayer brands and revealing news of an SEC subpoena related to the company’s accounting practices....more
2/22/2019
/ 5G Network ,
Accounting Fraud ,
Asbestos ,
Baby Products ,
Banks ,
Canada ,
Cancer ,
Case Consolidation ,
China ,
Class Action Arbitration Waivers ,
Consumer Financial Protection Bureau (CFPB) ,
Criminal Investigations ,
Danske Bank ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Financial Crimes ,
Ford Motor ,
Google ,
Heinz ,
Huawei ,
Initial Public Offering (IPO) ,
Johnson & Johnson ,
Kraft ,
Mesothelioma ,
Money Laundering ,
Mortgage Servicers ,
National Emissions Standards ,
Pinterest ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Sexual Harassment ,
Standard Chartered Bank ,
Tariffs ,
Toxic Exposure ,
US Trade Policies
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
California’s trouble-plagued Pacific Gas & Electric utility has filed for Chapter 11 bankruptcy, listing debts of more than $51.7 billion....more
1/29/2019
/ Apple ,
Bonds ,
Caterpillar ,
Chapter 11 ,
China ,
Commercial Bankruptcy ,
Criminal Prosecution ,
Cryptocurrency ,
Cyber Crimes ,
Department of Justice (DOJ) ,
Government Shutdown ,
Huawei ,
Made in the USA ,
Manufacturers ,
NVIDIA ,
PG&E ,
Ponzi Scheme ,
Regulatory Agenda ,
S&P ,
Sanction Violations ,
Securities and Exchange Commission (SEC) ,
Trade Secrets ,
Trump Administration ,
UK Brexit ,
Utilities Sector ,
Wildfires
US banks are reporting that cases of financial abuse of seniors are on the rise. Treasury department data showed a 2-fold increase in suspected cases from just 5 years ago and a 12% increase from just a year ago....more
1/25/2019
/ Airlines ,
Airports ,
BuzzFeed ,
Critical Infrastructure Sectors ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Elder Issues ,
Enforcement Actions ,
EU ,
European Central Bank ,
Fannie Mae ,
Federal Budget ,
Federal Funding ,
Financial Fraud ,
Freddie Mac ,
Government Shutdown ,
Layoffs ,
Mortgages ,
Renault-Nissan ,
Spoofing ,
Spyware ,
Trump Administration ,
Unemployment ,
US-Mexico Border Wall ,
Vulnerable Victims ,
White Collar Crimes ,
Wire Fraud
As expected, Theresa May’s Brexit deal was roundly defeated in Parliament yesterday by an overwhelming 230-vote margin, the biggest House of Commons loss for a PM “in recent British history.” Following the vote, Labour Party...more
1/16/2019
/ #MeToo ,
Barclays ,
Commercial Bankruptcy ,
Conflicts of Interest ,
Department of Justice (DOJ) ,
EDGAR ,
Enforcement Actions ,
Federal Budget ,
Federal Funding ,
Government Shutdown ,
Hackers ,
Interest Rates ,
Netflix ,
Nissan ,
Office Space ,
Sears ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
Sexual Harassment ,
Sharing Economy ,
Snapchat ,
Trump Administration ,
UK ,
UK Brexit ,
US-Mexico Border Wall ,
World Bank
Ford announced yesterday that it plans to cut “thousands of jobs across Europe” as the automaker tries to cut costs while dealing with more stringent emissions rules and decreasing demand. The company didn’t say officially...more
1/11/2019
/ Chrysler ,
Commercial Bankruptcy ,
Department of Justice (DOJ) ,
EU ,
Fiat ,
Financial Markets ,
Ford Motor ,
HSBC ,
Huawei ,
Junk Bonds ,
Layoff Notices ,
PF Chang's ,
Poland ,
Sears ,
Wall Street
We’ve got details on China’s proposed trade peace deal along with thoughts on whether it’ll be sufficient to satisfy a White House that’s been itching for a fight....more
1/9/2019
/ American Express ,
Cannabidiol (CBD) oil ,
China ,
Chrysler ,
Class Action ,
Clean Air Act Violations ,
Criminal Investigations ,
Department of Justice (DOJ) ,
Diesel Fuel ,
Environmental Violations ,
Exports ,
Federal Reserve ,
Fiat ,
Financial Markets ,
Fintech Charter ,
Forex ,
Imports ,
Motor Vehicles ,
No-Deal Brexit ,
OCC ,
PayPal ,
Sears ,
Special Purpose National Bank Charter ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trump Administration ,
US Trade Policies
I wish I had some better news for you heading into Christmas, but Wall Street was not in the holiday spirit, with all major indices diving another 2% or so on Thursday....more
12/21/2018
/ Bonds ,
China ,
CIGNA ,
Credit Suisse ,
Data Breach ,
Department of Justice (DOJ) ,
Deutsche Bank ,
EU ,
European Commission ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Markets ,
Financial Reporting ,
HSBC ,
Huawei ,
Initial Public Offering (IPO) ,
Japan ,
Living Will ,
Market Manipulation ,
Merrill Lynch ,
Nissan ,
Securities Violations ,
Standard Chartered Bank ,
UK ,
UK Brexit
Three weeks after his initial arrest, Japanese prosecutors have officially indicted former Nissan Chair Carlos Ghosn for understating his income by $43 million....more
12/10/2018
/ Bernie Madoff ,
Criminal Prosecution ,
Debt-Relief Industry ,
Department of Justice (DOJ) ,
Facebook ,
Financial Fraud ,
Financial Markets ,
Financial Services Industry ,
Huawei ,
Initial Public Offering (IPO) ,
Iran Sanctions ,
Japan ,
Job Creation ,
Nissan ,
Ponzi Scheme ,
Sanction Violations ,
Securities and Exchange Commission (SEC) ,
Share Buybacks ,
Stock Prices ,
Student Loans ,
Uber ,
UK Brexit ,
Wall Street ,
Whistleblowers ,
Wire Fraud
We’re glad the steak dinner went well, but we’re also still anxiously awaiting actual details about what exactly is covered by the pause in the US/China trade war....more
12/4/2018
/ Aetna ,
China ,
Confirmation Proceedings ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
CVS ,
Data Breach ,
Department of Justice (DOJ) ,
Financial Markets ,
Hackers ,
Interest Rate Adjustments ,
Marijuana Related Businesses ,
Marriott ,
Putative Class Actions ,
Rule 10b-5 ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Trade Relations ,
Trump Administration ,
US Trade Policies
The G-20 summit in Buenos Aires wrapped this weekend with the nations agreeing to a joint statement that “affirms the importance of the multilateral trading system” while giving ground to both the US and China over language...more
12/3/2018
/ Amazon Marketplace ,
Apple ,
Automotive Industry ,
China ,
Class Action ,
Commercial Bankruptcy ,
Department of Justice (DOJ) ,
Electric Vehicles ,
Energy Sector ,
Enforcement Actions ,
Failure To Disclose ,
Financial Crisis ,
Foreign Relations ,
FRCP 23 ,
G20 ,
General Electric ,
Material Misstatements ,
Microsoft ,
Natural Gas ,
Nissan ,
Oil & Gas ,
Oil Prices ,
OPEC ,
Qatar ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
Snapchat ,
Tariffs ,
Tesla ,
US Trade Policies ,
White Collar Crimes
The Fed released minutes from its November meeting yesterday, and they reinforced the expected December rate hike while showing a more uncertain path for hikes in 2019....more
11/30/2018
/ Bayer ,
Cooperation Agreement ,
Corporate Misconduct ,
Criminal Investigations ,
Danske Bank ,
Data Breach ,
Debt ,
Department of Justice (DOJ) ,
Deregulation ,
Deutsche Bank ,
Energy Sector ,
G20 ,
Interest Rate Adjustments ,
Layoffs ,
Marriott ,
Money Laundering ,
Oil Prices ,
Publicly-Traded Companies ,
Quarterly Report ,
Raids ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
US Trade Policies ,
White Collar Crimes ,
Yates Memorandum
Early reports suggested that although Teresa May’s cabinet wasn’t thrilled, it backed the PM’s Brexit plan, leaving the controversial deal to make its way to Parliament. But the resignation of two Cabinet members—including...more
11/15/2018
/ Anti-Fraud Provisions ,
Berkshire Hathaway ,
Class Action ,
Consolidated Audit Trail ,
Department of Justice (DOJ) ,
Disclosure ,
Economic Downturn ,
EU ,
Exports ,
Facebook ,
Failure to Comply ,
Germany ,
Initial Public Offering (IPO) ,
Instagram ,
JPMorgan Chase ,
Levi Strauss ,
Market Manipulation ,
Money Transfer ,
Preferred Shares ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Snapchat ,
Social Media ,
Stock Prices ,
Uber ,
UK ,
UK Brexit
Saudi Arabia is pushing OPEC and its allies to cut oil production in 2019, and it’s doing its own part by exporting 500,000 fewer barrels a day in December than now—all an attempt to “counter the price rout battering the...more
11/12/2018
/ #MeToo ,
Alibaba ,
Arbitration ,
China ,
Commercial Bankruptcy ,
Department of Justice (DOJ) ,
EU ,
Exploration and Production Assets ,
Facebook ,
Financial Crisis ,
France ,
Goldman Sachs ,
Italy ,
Netflix ,
Oil & Gas ,
OPEC ,
Retail Market ,
RMBS ,
Sears ,
Securities Violations ,
Sexual Harassment ,
Social Media ,
Tax Evasion ,
Tax Liability ,
UBS ,
Waivers ,
Wells Fargo ,
White Collar Crimes
As widely expected, the Fed held rates steady when it wrapped its Open Market Committee meeting yesterday afternoon and deemed the economy “in good health,” laying the groundwork for another rate increase next month....more
11/9/2018
/ Department of Justice (DOJ) ,
Ether Tokens ,
European Central Bank ,
Federal Reserve ,
Financial Crisis ,
Financial Markets ,
Futures ,
Google ,
Interest Rates ,
Investment Fraud ,
JPMorgan Chase ,
Policies and Procedures ,
Putative Class Actions ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Sexual Harassment ,
Spoofing ,
Stocks ,
Trading Platforms ,
UBS ,
Unregistered Securities
In order to comply with European antitrust rulings against it earlier this year, Google announced that for the first time it will begin charging telephone handset manufacturers to install Gmail, Google Maps, and other popular...more
10/17/2018
/ Android ,
Antitrust Provisions ,
Audi ,
Automotive Industry ,
Banks ,
Capital Raising ,
Carbon Emissions ,
Commercial Bankruptcy ,
Debt ,
Debt Ceiling ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Earnings Reports ,
Elon Musk ,
Embedded Tweets ,
EU ,
Federal Reserve ,
Fees ,
Germany ,
Goldman Sachs ,
Google ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Lyft ,
Market Manipulation ,
Mobile Apps ,
Mobile Devices ,
Nasdaq ,
NYSE ,
RMBS ,
Sears ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
Sharing Economy ,
Tesla ,
Twitter ,
Uber ,
Volkswagen ,
White Collar Crimes
Sears marked the end of an era today, as the store that “more than a century ago pioneered the strategy of selling everything to everyone” filed for bankruptcy protection early this morning....more
10/15/2018
/ Brick-and-Mortar Stores ,
Commercial Bankruptcy ,
Commodities Traders ,
Criminal Investigations ,
Data Breach ,
Department of Justice (DOJ) ,
Elon Musk ,
Embedded Tweets ,
Enforcement Actions ,
Facebook ,
Financial Crisis ,
Fraud ,
Initial Public Offering (IPO) ,
Italy ,
Prudential ,
Retailers ,
Sears ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
SIFIs ,
SoftBank ,
Spoofing ,
Tesla ,
Theranos ,
White Collar Crimes
Markets took a beating yesterday, with investors apparently put off by tech stocks, tensions with China, a recent jump in interest rates and government bond yields, and a tightening Fed monetary policy....more
10/11/2018
/ Aetna ,
Automotive Industry ,
Barclays ,
Canada ,
CFIUS ,
China ,
Citibank ,
Competition ,
CVS ,
Data Breach ,
Department of Justice (DOJ) ,
Disclosure Requirements ,
Enforcement Actions ,
Failure to Notify ,
Financial Fraud ,
Financial Markets ,
Foreign Investment ,
Forex ,
Google ,
JPMorgan Chase ,
Marijuana Related Businesses ,
Money Laundering ,
National Security ,
Printed Publications ,
Regulatory Oversight ,
Regulatory Requirements ,
SoftBank ,
Starbucks ,
Technology Sector ,
Volkswagen ,
Wall Street ,
White Collar Crimes
Blink, and it’s Jobs Report Friday again. Where does the time go? Here’s what we’re watching for in the numbers....more
10/5/2018
/ Amazon Marketplace ,
Barnes and Noble ,
Bond Markets ,
Bonuses ,
Campbell Soup Company ,
Corruption ,
Department of Justice (DOJ) ,
Economic Development ,
Elon Musk ,
Enforcement Actions ,
Financial Institutions ,
General Electric ,
Hedge Funds ,
Italy ,
Job Creation ,
Minimum Wage ,
Money Laundering ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
Stock Options ,
Tesla ,
Unemployment ,
Wage and Hour ,
White Collar Crimes
Less than a day after the Journal reported that CBS and the Redstones are nearing a deal to resolve their many differences, we’ve learned that CBS chief Les Moonves—facing an investigation into alleged sexual harassment...more
9/7/2018
/ Anti-Competitive ,
Apple ,
CBS ,
China ,
Credit Ratings ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Elon Musk ,
Emerging Markets ,
EU ,
Fannie Mae ,
Federal Reserve ,
Financial Fraud ,
Financial Markets ,
Financial Services Industry ,
Freddie Mac ,
Investors ,
Job Creation ,
Lehman Brothers ,
NY Supreme Court ,
Price Manipulation ,
Quicken Loans ,
RMBS ,
S&P ,
Sexual Harassment ,
Stock Prices ,
Stocks ,
Tesla ,
Unemployment ,
Wells Fargo
Big tech (including Facebook, Google [theoretically], and Twitter) is heading back to the Hill (with @jack pulling double-duty, because that’s how he rolls). Here’s what to expect today based on their prepared testimony....more
9/5/2018
/ Amazon Marketplace ,
Argentina ,
Banking Sector ,
Canada ,
Class Action ,
Corporate Fines ,
Corruption ,
Cross-Selling ,
Department of Justice (DOJ) ,
Emerging Markets ,
Enforcement Actions ,
EU ,
Facebook ,
Financial Crisis ,
Financial Markets ,
Free Trade Agreements ,
Google ,
Insurance Industry ,
Market Manipulation ,
Money Laundering ,
NAFTA ,
Settlement ,
Spoofing ,
State Farm ,
Stock Prices ,
Trade Relations ,
Twitter ,
US Trade Policies ,
Wells Fargo ,
White Collar Crimes