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
More than 800,000 government employees missed their first paycheck last Friday because of the continuing government shutdown. But the pain extends well beyond those workers and has put loads of government contractors in a...more
1/14/2019
/ Anti-Money Laundering ,
Boeing ,
Browning-Ferris Industries of California Inc. ,
Chapter 11 ,
Commercial Bankruptcy ,
Danske Bank ,
Federal Budget ,
Federal Contractors ,
Federal Employees ,
Federal Funding ,
Financial Markets ,
Forex ,
Government Shutdown ,
Initial Public Offering (IPO) ,
Joint Employers ,
Layoffs ,
NLRB ,
PG&E ,
Public Offerings ,
SpaceX ,
Trump Administration ,
US-Mexico Border Wall ,
Wages ,
Wildfires
A quick spin through the Fed’s December minutes shows that most Fed officials are set on slowing their previously regular rate hike schedule, only reinforcing the message that Fed Chair Powell delivered last week that the...more
1/10/2019
/ BlackRock ,
China ,
Danske Bank ,
EU ,
Exports ,
Federal Budget ,
Google ,
Government Shutdown ,
Imports ,
Interest Rate Adjustments ,
Money Laundering ,
Right to Be Forgotten ,
Tariffs ,
Trade Relations ,
Trump Administration ,
UK Brexit ,
US Trade Policies ,
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
The US and China have resumed trade talks in an effort to cool down an increasingly heated trade war between the economic powerhouses....more
1/8/2019
/ Amazon Marketplace ,
China ,
Cryptocurrency ,
Exports ,
Fidelity Investments ,
Financial Services Industry ,
Global Market ,
Goldman Sachs ,
Imports ,
Infrastructure ,
Insider Trading ,
Morgan Stanley ,
Nissan ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
SoftBank ,
Stock Exchange ,
Tariffs ,
Trade Relations ,
Trump Administration ,
UK Brexit ,
US Trade Policies ,
US v Newman ,
White Collar Crimes ,
World Bank
With the phrase “humiliating defeat” being bandied about quite freely by opposition leaders and Tory backbenchers alike, PM May delayed a parliamentary vote for her EU-backed Brexit plan that had been set for today. The...more
12/11/2018
/ Administrative Agencies ,
Administrative Appointments ,
Amazon Marketplace ,
CFTC ,
China ,
Deutsche Bank ,
Google ,
Huawei ,
iPhone ,
Patent Infringement ,
Presidential Appointments ,
Qualcomm ,
RMBS ,
Tariffs ,
Testimony ,
Trade Relations ,
Trump Administration ,
UK Brexit ,
US Trade Policies ,
Wireless Industry
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
New York has sued Exxon Mobile over its alleged failure to disclose to its shareholder the “expected risk of climate change to its business”—behavior that the state asserts amounts to a “’longstanding fraudulent scheme’ to...more
10/25/2018
/ Apple ,
China ,
Climate Change ,
Consumer Financial Protection Bureau (CFPB) ,
Data Protection ,
Enforcement Actions ,
Ethics Breach ,
Exxon Mobil ,
Failure To Disclose ,
Federal Reserve ,
Financial Markets ,
Financial Services Industry ,
Foreign Relations ,
Goldman Sachs ,
Interest Rate Adjustments ,
Investment Fraud ,
Misleading Impressions ,
Oil & Gas ,
Payday Loans ,
Quarterly Report ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Stock Prices ,
Tariffs ,
Tesla ,
Trading Plans ,
Trump Administration ,
Wells Fargo ,
WTO
Dealbook gives us this uncomfortable take on China’s “nuclear option” in the trade war with the United States—its holdings of more than $1 trillion in US foreign debt and the possibility of stepping back from buying (or even...more
10/10/2018
/ Capital Raising ,
China ,
Commercial Bankruptcy ,
Credit Suisse ,
Data Breach ,
Deutsche Bank ,
EU ,
Google ,
Hackers ,
HSBC ,
Imports ,
Mobile Devices ,
Morgan Stanley ,
Olympics ,
Retailers ,
RMBS ,
Sears ,
Securities Violations ,
Settlement ,
SoftBank ,
Spectator Sports ,
Startups ,
Stock Prices ,
Tariffs ,
Trade Relations ,
Trade Retaliation ,
Trump Administration ,
UBS ,
UK ,
UK Brexit ,
US Trade Policies ,
Vulnerability Assessments
To no one’s surprise, the Fed followed through with its months of promises and raised its benchmark interest rate by 25 basis points yesterday. The FOMC also indicated that it’s planning to raise rates again in December....more
9/27/2018
/ 21st Century Fox ,
Agricultural Sector ,
Automotive Industry ,
Bailout ,
Benchmarks ,
Blockchain ,
CalPERS ,
Canada ,
CFTC ,
Collateralized Loan Obligations ,
Comcast ,
Commodities ,
Cryptocurrency ,
Dairy Farmers ,
Data Breach ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Exports ,
Federal Reserve ,
Financial Markets ,
FOMC ,
Hong Kong ,
Initial Public Offering (IPO) ,
Interest Rates ,
Japan ,
Junk Bonds ,
Leveraged Lending ,
NAFTA ,
Pensions ,
Pharmaceutical Industry ,
Prescription Drugs ,
Regulatory Oversight ,
Sharing Economy ,
Supply Chain ,
Trade Relations ,
Trump Administration ,
Uber ,
US Trade Policies ,
USDA ,
Virtual Currency
China is answering the White House’s latest tariff announcement with another $60 billion in levies on US goods of its own....more
9/19/2018
/ BMW ,
Carbon Emissions ,
CFTC ,
China ,
Corruption ,
Cryptocurrency ,
DaimlerAG ,
Derivatives ,
Digital Currency ,
Elon Musk ,
Embedded Tweets ,
Employment Discrimination ,
Equal Employment Opportunity Commission (EEOC) ,
European Commission ,
Facebook ,
Government Investigations ,
Hiring & Firing ,
Imports ,
Initial Coin Offering (ICOs) ,
ISDAfix ,
Job Applicants ,
Market Manipulation ,
Securities Violations ,
Sex Discrimination ,
Social Media ,
Swaps ,
Tariffs ,
Tesla ,
Token Sales ,
Trade Relations ,
Trade Retaliation ,
Trump Administration ,
US Trade Policies ,
Virtual Currency ,
Volkswagen ,
White Collar Crimes
The US dialed up the heat in its trade war with China even further last night, announcing the imposition of tariffs by September 24th on an additional $200 billion worth of Chinese goods. When combined with the existing...more
9/18/2018
/ Beverage Manufacturers ,
China ,
CIGNA ,
Coca Cola ,
Commodities ,
Consumer Financial Protection Bureau (CFPB) ,
Criminal Convictions ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Markets ,
Fraud ,
Imports ,
Insurance Industry ,
Marijuana ,
Market Manipulation ,
Payday Lending Rule ,
Payday Loans ,
Reinsurance ,
Rulemaking Process ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trump Administration ,
Tyson Foods ,
US Trade Policies
Coke is buying British coffee-shop chain Costa for $5.1 billion, as the coffee wars just keep on chugging. Costa has 3800 stores in 32 countries and “a foothold in China,” making Coke an instant player in the field....more
8/31/2018
/ Annuities ,
Argentina ,
Automotive Industry ,
Bias ,
China ,
Coca Cola ,
Emerging Markets ,
EU ,
Google ,
Interest Rate Adjustments ,
Investors ,
MasterCard ,
Merrill Lynch ,
Online Advertisements ,
Private Company Shares ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Trade Relations ,
Trump Administration ,
US Trade Policies ,
Wells Fargo ,
White Collar Crimes ,
WTO
Following yesterday’s US/Mexico trade announcement, Canada’s wasting little time in getting back to the table with the US on revised Nafta talks...more
8/29/2018
/ Bonds ,
Canada ,
Community Reinvestment Act ,
Cross-Border Transactions ,
Data Collection ,
Exports ,
Federal Reserve ,
Foreign Relations ,
Free Trade Agreements ,
Imports ,
Insider Trading ,
Low-Income Issues ,
Mexico ,
Moody's ,
NAFTA ,
OCC ,
Securities and Exchange Commission (SEC) ,
Senate Confirmation Hearings ,
Trade Relations ,
Trump Administration ,
US Trade Policies ,
White Collar Crimes ,
Yahoo!
As expected based on news over the weekend, the US and Mexico have announced a preliminary deal to revise “key portions” of the North American Free Trade Agreement. Notably, Canada is thus far left out in the cold....more
8/28/2018
/ Administrative Resignation ,
Automotive Industry ,
Beverage Manufacturers ,
China ,
Consumer Financial Protection Bureau (CFPB) ,
Cross-Border Transactions ,
Driverless Cars ,
Elon Musk ,
Farms ,
Financial Markets ,
Free Trade Agreements ,
Going-Private Transactions ,
Mexico ,
NAFTA ,
Nasdaq ,
Ombudsman ,
PepsiCo ,
Ridesharing ,
Student Loans ,
Tariffs ,
Tesla ,
Toyota ,
Trade Policy ,
Trade Relations ,
Trump Administration ,
Uber ,
US Trade Policies ,
Volkswagen
This deeper dive into the White House’s proposed tariffs on $200 billion worth of Chinese goods helps us understand just exactly how buying for the average American could change....more
8/22/2018
/ Automotive Industry ,
Base Erosion Tax ,
Capital Raising ,
China ,
Corporate Taxes ,
Imports ,
Initial Public Offering (IPO) ,
Insurance Industry ,
Interest Rate Adjustments ,
Motor Vehicles ,
Tariffs ,
Tax Cuts and Jobs Act ,
Tax Reform ,
Trade Relations ,
Trump Administration ,
Uber ,
US Trade Policies
Last Friday, the White House asked the SEC to “consider eliminating requirements that publicly traded companies post quarterly earnings reports.” Such disclosures, however, are required by federal securities law, so they’re...more
8/20/2018
/ Bank Fraud ,
CashCall ,
China ,
Consumer Financial Products ,
Consumer Lenders ,
Deregulation ,
Deutsche Bank ,
Disclosure Requirements ,
Elon Musk ,
Financial Regulatory Reform ,
Financial Services Industry ,
Interest Rates ,
Internet Lenders ,
Non-Bank Lenders ,
PepsiCo ,
Quarterly Report ,
Securities and Exchange Commission (SEC) ,
Tesla ,
Trade Relations ,
Trump Administration ,
Unconscionable Contracts ,
US Trade Policies
Walmart’s broader foray into the grocery biz—letting customers order online and pick up in person and expanding home delivery—is paying dividends for the retailer and helping push its revenue up 3.8% from this period a year...more
8/17/2018
/ Advertising ,
Amazon Marketplace ,
Cable Television Providers ,
China ,
Consumer Financial Products ,
Department of Justice (DOJ) ,
Deutsche Bank ,
DirectTV ,
Elon Musk ,
Facebook ,
Financial Markets ,
Financial Services Industry ,
Grocery Stores ,
Investment Fraud ,
Marijuana ,
Marijuana Related Businesses ,
MetLife ,
Misleading Impressions ,
Mortgage Loan Originators ,
Opioid ,
Ponzi Scheme ,
REIT ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Social Media ,
State Street ,
Stock Prices ,
Tesla ,
Trade Relations ,
Trump Administration ,
Unfair or Deceptive Trade Practices ,
Wal-Mart
The rise of tariffs as a trade weapon has put the WTO in a very difficult position as “chief judge in an intense fight among its most powerful members”....more
8/15/2018
/ Alibaba ,
China ,
Department of Justice (DOJ) ,
Elon Musk ,
Enforcement Actions ,
Exports ,
Financial Crisis ,
Global Market ,
Grocery Stores ,
Imports ,
Investment Firms ,
Investment Fraud ,
Kroger ,
Municipal Bonds ,
RMBS ,
Royal Bank of Scotland ,
Sears ,
Securities and Exchange Commission (SEC) ,
Securities Traders ,
Settlement ,
Supply Chain ,
Tariffs ,
Tesla ,
Trade Relations ,
Trade Retaliation ,
Trump Administration ,
Turkey ,
Uber ,
US Trade Policies ,
WTO
On Wednesday, Wells Fargo revealed that it reached a settlement with the DOJ after months of negotiating that will see the bank pay $2.09 billion to resolve allegations over its sales of toxic mortgage-backed securities in...more
8/2/2018
/ CFTC ,
China ,
CIGNA ,
Department of Justice (DOJ) ,
Financial Markets ,
FOMC ,
Ford Motor ,
RICO ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Stock Options ,
Stock Prices ,
Tariffs ,
Tesla ,
Trade Policy ,
Trade Relations ,
Trump Administration ,
Unfair or Deceptive Trade Practices ,
Valeant ,
Wells Fargo
Fiat Chrysler chief Sergio Marchionne has died at age 66, three weeks after suffering complications after shoulder surgery. Marchionne took over Fiat in 2004 and engineered its takeover of Chrysler in 2009, returning the...more
7/26/2018
/ Agricultural Land ,
Agricultural Sector ,
Alphabet Company ,
Beverage Manufacturers ,
China ,
Coca Cola ,
Deutsche Bank ,
Driverless Cars ,
Facebook ,
Farms ,
Financial Aid ,
Foreign Investment ,
Imports ,
Investment ,
Qualcomm ,
RMBS ,
Tariffs ,
Trump Administration ,
US Trade Policies
Yesterday, federal officials unveiled an ongoing EEOC investigation into whether Uber “discriminated against women in hiring and pay” that began last August. The news extends Uber’s streak of investigations and brutal PR well...more
7/17/2018
/ Administrative Law Judge (ALJ) ,
Administrative Proceedings ,
Bank of America ,
Blockbuster ,
Capital Formation ,
Capital Raising ,
Deregulation ,
Deutsche Bank ,
Emerging Growth Companies ,
Executive Orders ,
FCC ,
Financial Regulatory Reform ,
Gender Discrimination ,
Gender-Based Pay Discrimination ,
Goldman Sachs ,
Hiring & Firing ,
Initial Public Offering (IPO) ,
JPMorgan Chase ,
Judicial Appointments ,
Legislative Agendas ,
Libor ,
Lucia v SEC ,
Marketing ,
Netflix ,
Pay Gap ,
Proposed Legislation ,
Sex Discrimination ,
Startups ,
Stock Prices ,
Trump Administration ,
Uber ,
Wage and Hour
Stocks didn’t love the latest on the Trade War front yesterday. And oil wasn’t helping the cause, either....more
7/12/2018
/ Alphabet Company ,
Bitcoin ,
Broadcom ,
Comcast ,
Financial Markets ,
Imports ,
Papa John's International ,
Rupert Murdoch ,
Tariffs ,
Trump Administration ,
US Trade Policies
The world’s keeping a wary eye on Turkey’s economic well-being, especially given the precipitous drop in the value of the country’s currency (which has pushed up prices for consumers and corporations) and President Erdogan’s...more
7/11/2018
/ Android ,
Antitrust Violations ,
Automotive Industry ,
Breach of Duty ,
China ,
Credit Suisse ,
Deutsche Bank ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Enforcement Actions ,
EU ,
Fiduciary Duty ,
Financial Services Industry ,
Forex ,
Google ,
Insider Trading ,
Judges ,
Morgan Stanley ,
Nominations ,
Retirement Plan ,
Rupert Murdoch ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Smartphones ,
Tariffs ,
Tesla ,
Trade Policy ,
Trade Relations ,
Trade Retaliation ,
Trump Administration ,
Turkey
In what can only be described as a Lazarus-like return, the Ex-Im Bank is reportedly nearly back on its feet again. The White House has chosen Kimberly Reed to helm the agency after prior nominee Scott Garrett was rejected by...more
6/15/2018
/ AT&T ,
Barclays ,
CFTC ,
China ,
Citibank ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Currency ,
Ether ,
Forex ,
Imports ,
JPMorgan Chase ,
RBS ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
SoftBank ,
Stays ,
Student Loans ,
Tariffs ,
Trump Administration ,
UBS ,
UK Brexit ,
US Trade Policies ,
Virtual Currency