OPEC nations met yesterday and agreed to continue their production cutting goals into 2020 in an effort to, according to the experts, “prop[] up prices while demand for oil is weakening”....more
7/2/2019
/ Apple ,
Beer ,
Beverage Manufacturers ,
Capital Requirements ,
Chapter 11 ,
China ,
Commercial Bankruptcy ,
Deutsche Bank ,
ETFs ,
EURIBOR ,
Exploration and Production Assets ,
Facebook ,
Federal Reserve ,
FinTech ,
Initial Public Offering (IPO) ,
Mark Zuckerberg ,
Nasdaq ,
Oil & Gas ,
OPEC ,
Regulation A ,
Securities and Exchange Commission (SEC) ,
Serious Fraud Office (SFO) ,
Startups ,
Tariffs ,
Trade Wars ,
UK ,
US Trade Policies
Massive pharma news to start the day, with AbbVie announcing that it’s reached a deal to buy Allergan for roughly $63 billion. The tie-up is seen as giving AbbVie a “dominant position in the $8 billion-plus market for Botox...more
6/25/2019
/ AbbVie ,
Allergan Inc ,
Anti-Money Laundering ,
Antitrust Investigations ,
Bank Fraud ,
Banks ,
Bonds ,
Department of Justice (DOJ) ,
Deutsche Bank ,
EURIBOR ,
Federal Reserve ,
Google ,
HELOC ,
Initial Public Offering (IPO) ,
Interest Rates ,
Japan ,
Nissan ,
NYDFS ,
Oil & Gas ,
Opioid ,
Pipelines ,
RMBS ,
S&P ,
Teva Pharmaceuticals ,
UBS ,
White Collar Crimes
Sprint and T-Mobile are facing new merger headwinds in the form of a NY & CA state AG-led lawsuit in the Southern District of New York that seeks to block the deal, alleging that it would cost customers of the companies “at...more
6/12/2019
/ Activist Investors ,
Amazon Marketplace ,
Apple ,
China ,
Consumer Financial Products ,
Dodd-Frank ,
Financial Regulatory Reform ,
Google ,
Initial Public Offering (IPO) ,
Loans ,
On-Demand Services ,
Raytheon ,
Slack ,
Sprint ,
T-Mobile ,
Tariffs ,
Telecommunications ,
Trade Wars ,
Trump Administration ,
Wells Fargo ,
Wireless Industry
Opioid manufacturer Insys Therapeutics, which just last week agreed to pay $225 million to “settle a federal investigation into the marketing practices for its powerful fentanyl painkiller,” has filed for bankruptcy...more
6/11/2019
/ Aerospace ,
Chapter 11 ,
Chrysler ,
Commercial Bankruptcy ,
Defense Sector ,
Deutsche Bank ,
Electric Vehicles ,
Elon Musk ,
Fast Track Process ,
Federal Reserve ,
Fiat ,
Goldman Sachs ,
Initial Public Offering (IPO) ,
Insider Trading ,
Interest Rates ,
Mexico ,
Money Laundering ,
Nasdaq ,
NYSE ,
Opioid ,
Pain Management ,
Pharmaceutical Industry ,
Prescription Drugs ,
Raytheon ,
Regulation A ,
Renault-Nissan ,
Shutterfly ,
Tariffs ,
Tesla ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
US Trade Policies
The White House announced on Friday that the US and Mexico reached a deal that it deemed sufficient to keep from levying the threatened 5% tariffs on Mexican goods that was set to take effect today. As details of that deal...more
6/10/2019
/ Aerospace ,
Amazon Marketplace ,
China ,
Cross-Border Transactions ,
Cryptocurrency ,
Defense Sector ,
Digital Currency ,
Economic Sanctions ,
FedEx ,
Huawei ,
Imports ,
Initial Coin Offering (ICOs) ,
Initial Public Offering (IPO) ,
Job Creation ,
Mexico ,
National Security ,
Raytheon ,
Salesforce ,
Tariffs ,
Trade Relations ,
Trump Administration ,
Uber ,
Unemployment ,
US Trade Policies ,
Virtual Currency
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
Amazon is prepping to execute a more permanent purge on its orders to smaller, mom & pop suppliers as part of a push to “cut costs and focus on wholesale purchasing on major brands like Procter & Gamble, Sony and Lego” in an...more
5/29/2019
/ Alibaba ,
Amazon Marketplace ,
Automotive Industry ,
Class Action ,
Economic Development ,
Electric Vehicles ,
Financial Markets ,
Flash Boys ,
General Motors ,
Global Economy ,
High Frequency Trading ,
Hong Kong Stock Exchange ,
Huawei ,
Initial Public Offering (IPO) ,
Johnson & Johnson ,
Nissan ,
Opioid ,
Popular ,
Recessions ,
Retail Market ,
Sears ,
Stock Exchange ,
Tariffs ,
Tax Cuts and Jobs Act
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
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
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
Amazingly, April’s gone and it’s Jobs Report Friday again. Here’s what to look for in the numbers – Bloomberg and NYTimes and WSJ...more
5/4/2019
/ Bonds ,
Bribery ,
Brick-and-Mortar Stores ,
Capital Raising ,
Criminal Convictions ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Federal Reserve ,
Initial Public Offering (IPO) ,
Libor ,
Money Laundering ,
Opioid ,
Pharmaceutical Industry ,
Presidential Nominations ,
Racketeering ,
Swiss Banks ,
Tesla ,
Trump Administration ,
Tumblr ,
UBS ,
Yahoo!
Shared workspace giant We Work is joining the growing wave of major start-ups planning to go public this year. And like many of its unicorn peers (as we’ve documented), the company “shows no sign of turning a profit anytime...more
4/30/2019
/ Alibaba ,
Alphabet Company ,
Chevron ,
Department of Labor (DOL) ,
E-Commerce ,
Federal Reserve ,
Foreign Relations ,
Gig Economy ,
Hiring & Firing ,
Huawei ,
Independent Contractors ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Legislative Agendas ,
Mexico ,
New Guidance ,
Securities and Exchange Commission (SEC) ,
Sharing Economy ,
Software ,
Spotify ,
Startups ,
Stock Prices ,
Unicorns ,
United States-Mexico-Canada Agreement (USMCA) ,
Wage and Hour
Elon Musk and the SEC have reached an agreement to revise their earlier agreement to settle the latest round of issues caused by Musk’s Twitter habit. Under its terms, a Tesla securities attorney must now “preapprove any of...more
4/29/2019
/ Agribusiness ,
Apple ,
Chevron ,
Commerzbank ,
Criminal Investigations ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Elon Musk ,
Enforcement Actions ,
Exports ,
Farms ,
Financial Markets ,
Ford Motor ,
Germany ,
HSBC ,
Initial Public Offering (IPO) ,
Mobile Apps ,
National Emissions Standards ,
Occidental Petroleum ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Slack ,
Social Media ,
Takeover Bids ,
Tariffs ,
Tesla ,
Twitter ,
Unicorns
More fun for Facebook, just a day after it revealed a coming FTC fine, with the news on Thursday that Canadian privacy commissioners “violated national and local laws in allowing third parties access to private user...more
4/26/2019
/ 3M Company ,
Accounting Standards ,
Automotive Industry ,
Breach of Trust ,
Data Breach ,
Employee Benefits ,
Enforcement Actions ,
Facebook ,
Financial Regulatory Reform ,
Initial Public Offering (IPO) ,
Microsoft ,
Morgan Stanley ,
Pension Funds ,
Public Employees ,
Quarterly Report ,
Renault-Nissan ,
RMBS ,
Shopping Centers ,
Social Media ,
Telecommunications ,
Uber ,
Volcker Rule ,
White Collar Crimes
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
As a mid-April blizzard again sucks all light (and life and hope) in the world away from us in the North, it feels like an awfully appropriate time to recognize the team of astronomers and other scientists (including Dr....more
4/11/2019
/ Administrative Appointments ,
Banks ,
Capital Raising ,
CFTC ,
Department of Justice (DOJ) ,
Economic Downturn ,
Federal Reserve ,
Financial Services Committee ,
FRB ,
Inflation Adjustments ,
Initial Public Offering (IPO) ,
Lyft ,
Sharing Economy ,
Software Developers ,
Spoofing ,
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
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
Lyft had a banner debut on the public markets, with its shares jumping 8.7% “after opening at $87.24, far above the public offering price of $72.” Some analysts are interpreting the strong showing as a sign that the gig...more
4/1/2019
/ Asbestos Litigation ,
Cancer ,
Chipotle Grill ,
Commodities ,
Data Breach ,
Economic Downturn ,
Federal Reserve ,
Initial Public Offering (IPO) ,
Iran Sanctions ,
Johnson & Johnson ,
Libor ,
Lyft ,
Opioid ,
Personal Care Products ,
Peugeot ,
Purdue Pharma ,
Secured Overnight Funding Rate (SOFR) ,
Settlement Agreements ,
Spoofing ,
Trump Administration ,
Wells Fargo