The Fed sought to reassure markets for the foreseeable future on Wednesday by announcing that it plans to hold rates at their near-zero mark until into 2023 as it tries to “coax the economy back to full strength after the...more
9/17/2020
/ Amazon Marketplace ,
Coronavirus/COVID-19 ,
Data Storage ,
Department of Justice (DOJ) ,
Deutsche Bank ,
Federal Reserve ,
Financial Markets ,
FOMC ,
Golf ,
Infectious Diseases ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Main Street Lending Programs ,
Oracle ,
Retail Sales ,
Spoofing ,
TikTok ,
Trump Administration ,
Unemployment ,
Unemployment Benefits
Federal authorities are prepping to “reprimand Citigroup Inc. for failing to improve its risk-management systems—an expansive set of technology and procedures designed to detect problematic transactions, risky trades and...more
9/15/2020
/ Amazon Marketplace ,
Apple ,
Berkshire Hathaway ,
BNSF Railway ,
Citigroup ,
Electric Vehicles ,
Enforcement Actions ,
Facebook ,
Financial Transactions ,
Generic Drugs ,
Hiring & Firing ,
iPhone ,
Job Creation ,
Kodak ,
Layoffs ,
National Emissions Standards ,
National Security ,
Northern Ireland ,
Oracle ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
TikTok ,
TracFone Wireless ,
UK Brexit ,
Verizon ,
Volkswagen ,
Whistleblowers ,
Woman Board Members
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
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
Another day, another major U.S. restriction on Chinese tech. The Commerce Department is out with new rules “curbing Huawei Technologies Co.’s access to foreign-made chips.” The measures would “prohibit non-U.S. companies from...more
8/19/2020
/ Amazon Marketplace ,
Berkshire Hathaway ,
China ,
Citigroup ,
Clawbacks ,
Cloud Computing ,
Disclosure Requirements ,
Federal Reserve ,
Form 13F ,
Gig Economy ,
Huawei ,
Independent Contractors ,
Lyft ,
McDonalds ,
National Security ,
OCC ,
Opioid ,
Prohibited Transactions ,
Purdue Pharma ,
Rare Earth Metals ,
Revlon ,
Securities and Exchange Commission (SEC) ,
Severance Pay ,
Supply Chain ,
Telecommunications ,
TikTok ,
Trading Platforms ,
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
Never one to let a competitor’s misfortune pass by without looking for an opportunity, Facebook’s Instagram is hoping to capitalize on TikTok’s questionable U.S. status by launching Reels, a new feature that allows users to...more
8/7/2020
/ Amazon Marketplace ,
CalPERS ,
Commerzbank ,
Deferred Action ,
Facebook ,
Initial Public Offering (IPO) ,
Jeff Bezos ,
Kodak ,
Loans ,
Microsoft ,
Pharmaceutical Industry ,
Popular ,
Preferred Shares ,
Prescription Drugs ,
Quicken Loans ,
Social Media ,
TikTok ,
Trump Administration ,
Unemployment
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
The SEC has served Wells notices to Under Armour, warnings that the company and its execs could “face civil-enforcement action related to the sportswear maker’s past accounting practices,” including “the company’s disclosures...more
7/28/2020
/ Administrative Appointments ,
Amazon Marketplace ,
Board of Governors ,
Dairy Farmers ,
Delta Airlines ,
Enforcement Actions ,
Exchange-Traded Products ,
Federal Reserve ,
Financial Stimulus ,
Google ,
Grocery Stores ,
Jeff Bezos ,
Legislative Agendas ,
Office Space ,
Popular ,
Re-Opening Guidelines ,
Relief Measures ,
Remote Working ,
Securities and Exchange Commission (SEC) ,
Telecommunications ,
Unemployment Benefits ,
Wal-Mart ,
Wells Fargo ,
Wells Notice
By a 5-4 margin, the Supreme Court has ordered the restructuring of the Consumer Financial Protection Bureau, “ruling the agency’s structure was unconstitutional because its director held too much unchecked power.” The fix,...more
7/1/2020
/ Amazon Marketplace ,
China ,
Constitutional Challenges ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Department of Labor (DOL) ,
Dodd-Frank ,
Federal Reserve ,
Fiduciary Duty ,
GrubHub ,
Investment Adviser ,
Lululemon ,
Movie Theaters ,
National Security ,
On-Demand Services ,
Postmates ,
Removal For-Cause ,
Restaurant Industry ,
Retirement Plan ,
Reversal ,
S&P ,
SCOTUS ,
Seila Law LLC v Consumer Financial Protection Bureau ,
Separation of Powers ,
Severability Doctrine ,
Single Director ,
Uber ,
Wage and Hour ,
Zoom®
Bayer, the German parent company of Monsanto, will pay more than $10 billion to resolve “tens of thousands of claims in the United States that its popular weedkiller Roundup causes cancer.” The settlement covers an estimated...more
6/26/2020
/ Alibaba ,
Amazon Marketplace ,
Bayer ,
Climate Change ,
Coronavirus/COVID-19 ,
Disparate Impact ,
E-Commerce ,
eBay ,
Economic Downturn ,
Exxon Mobil ,
Financial Markets ,
Fraud ,
IMF ,
Jeff Bezos ,
Monsanto ,
Oil & Gas ,
Race Relations ,
SoftBank ,
Toxic Exposure ,
Unemployment ,
Wall Street
On Monday, the Supreme Court delivered a surprising and monumental win for LGBTQ and transgender Americans, ruling 6-3 that the Civil Rights Act of 1964 applies to protect “gay and transgender workers from workplace...more
6/16/2020
/ 24-Hour Fitness ,
Altitude Express Inc v Zarda ,
Amazon Marketplace ,
App Store ,
Apple ,
Bond Markets ,
Bostock v Clayton County Georgia ,
BP ,
Chapter 11 ,
Civil Rights Act ,
Coronavirus/COVID-19 ,
Cyber-Stalking ,
Data Collection ,
eBay ,
EEOC v RG & GR Harris Funeral Homes ,
Employer Liability Issues ,
EU ,
Federal Reserve ,
Gender Identity ,
Hiring & Firing ,
LGBTQ ,
Oil & Gas ,
SCOTUS ,
Senate Banking Committee ,
Sex Discrimination ,
Sexual Orientation ,
Sexual Orientation Discrimination ,
Title VII ,
Transgender
Rising infection rates around the U.S. and the globe are worrying markets, as fear of a second wave of cases linked with the reopening of the economy freaks out traders....more
6/15/2020
/ Amazon Marketplace ,
American Express ,
Apple ,
China ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Corporate Culture ,
Employer Liability Issues ,
Facebook ,
Federal Reserve ,
Financial Crimes ,
Financial Markets ,
Financial Services Industry ,
Foreign Currency ,
Google ,
Hertz ,
Liability ,
Microsoft ,
Nissan ,
Payment Processors ,
PayPal ,
Race Relations ,
Recessions ,
Recovery Plans ,
Small Business ,
Social Distancing ,
Square ,
Unemployment
The European Union’s antitrust authority is reportedly within days of filing charges against Amazon for the company’s “treatment of third-party sellers,” the latest step in a “two-year probe into Amazon’s alleged mistreatment...more
6/11/2020
/ Amazon Marketplace ,
Antitrust Provisions ,
Antitrust Violations ,
Bid Rigging ,
CARES Act ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
EU ,
Federal Reserve ,
Financial Stimulus ,
FinTech ,
Hertz ,
Insolvency ,
Interest Rates ,
NYSE ,
Paycheck Protection Program (PPP) ,
Popular ,
Price-Fixing ,
Tyson Foods ,
Unemployment
With HBO Max entering the fray today, we’ve got your latest dispatch from the streaming wars, including thoughts on Max’s ability to deliver on its promise to “crush” Netflix despite a very crowded playing field, a spendy...more
5/28/2020
/ Amazon Marketplace ,
AT&T ,
Boeing ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Corporate Bonuses ,
Dow Jones ,
Driverless Cars ,
EU ,
Financial Markets ,
Financial Stimulus ,
Gig Economy ,
Google ,
HBO ,
Hertz ,
Independent Contractors ,
Initial Public Offering (IPO) ,
Internet Streaming ,
Layoffs ,
Lyft ,
Popular ,
Recessions ,
Stock Prices ,
Taco Bell ,
Uber ,
Unemployment Benefits ,
Wal-Mart ,
Wall Street ,
Warner Music Group
This week’s latest initial unemployment filings numbered 2.4 million, a “slight drop-off in the wave of historically high weekly filings” since the pandemic hit the U.S. economy. Don’t get too excited, though. Continuing...more
5/22/2020
/ Amazon Marketplace ,
Chapter 11 ,
Coronavirus/COVID-19 ,
E-Commerce ,
Economic Downturn ,
Federal Reserve ,
Financial Markets ,
Financial Stimulus ,
Gig Economy ,
Hertz ,
Independent Contractors ,
Investment ,
Layoffs ,
Recessions ,
S&P ,
Secretary of the Treasury ,
Unemployment ,
Wrongful Termination ,
Zoom®
WeWork co-founder wants to get PAAAAAID, so he’s suing SoftBank in an attempt to force it to “go through with its canceled deal to buy $3 billion of the company’s shares, accusing the Japanese conglomerate and its Vision Fund...more
5/5/2020
/ AIG ,
Amazon Marketplace ,
Chapter 11 ,
Cloud Computing ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Disney ,
Earnings Reports ,
Economic Downturn ,
Hertz ,
Hiring & Firing ,
Internet Streaming ,
McGraw Hill ,
NBC ,
Office Space ,
Resignation ,
Retaliation ,
SoftBank ,
Startups ,
U.S. Treasury ,
Unemployment ,
Unemployment Benefits ,
Victoria Secret ,
Whistleblowers
Another round of unemployment reporting has pushed the newly jobless figure over 30 million in just the past 6 weeks, as the coronavirus continues to wreak economic havoc in the U.S. Even that staggering figure is...more
5/4/2020
/ Amazon Marketplace ,
CARES Act ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
E-Commerce ,
Economic Downturn ,
EU ,
European Central Bank ,
Financial Markets ,
J Crew ,
Loans ,
Paycheck Protection Program (PPP) ,
Stock Prices ,
Unemployment
PE firm Sycamore Partners, which “agreed to buy a majority of Victoria’s Secret from its embattled owner, L Brands, in February,” is looking to back out of the deal “because of the retail chain’s response to the coronavirus...more
4/23/2020
/ Amazon Marketplace ,
CARES Act ,
Coronavirus/COVID-19 ,
Crude Oil ,
Futures ,
Oil & Gas ,
Paycheck Protection Program (PPP) ,
PG&E ,
Unemployment ,
Victoria Secret ,
Wall Street
House leaders and White House negotiators are closing in on a bipartisan deal “to replenish funds in the small-business loan program that ran out of money” last week. The $500 billion measure would also “provide money for...more
4/20/2020
/ Amazon Marketplace ,
BSA/AML ,
CARES Act ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Farm Animals ,
Financial Crisis ,
Financial Markets ,
Food Manufacturers ,
Food Supply ,
Legislative Agendas ,
Millennials ,
Neiman Marcus ,
Relief Measures ,
Retail Market ,
SBA Lending Programs ,
Uber ,
Unemployment
The pandemic is bringing rivals Apple and Google together in an effort to develop a system for “tracking through Bluetooth technology the contacts of those who have tested positive for COVID-19, a method the tech giants...more
4/13/2020
/ Amazon Marketplace ,
Apple ,
Business Closures ,
Class Action ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Department of Labor (DOL) ,
Economic Downturn ,
Exploration and Production Assets ,
Facebook ,
Farms ,
Financial Markets ,
Google ,
Instagram ,
Oil & Gas ,
OPEC ,
Restaurant Industry ,
Russia ,
Saudi Arabia ,
School Closures ,
Supply Chain ,
Tariffs ,
Telecommuting ,
Trading Policies ,
Unemployment Benefits
Markets closed down on Tuesday, a fitting conclusion to the worst month on Wall Street since October 2008 that was marked by wild volatility and record-setting point drops....more
4/2/2020
/ Amazon Marketplace ,
Bailout ,
Biopharmaceutical ,
Coronavirus/COVID-19 ,
Data Breach ,
Data Protection ,
Economic Downturn ,
Financial Crisis ,
Financial Markets ,
General Electric ,
Global Market ,
Hewlett-Packard ,
Hostile Takeover ,
JPMorgan Chase ,
Loans ,
Marriott ,
Operators of Essential Services ,
SBA Lending Programs ,
Stock Prices ,
Theranos ,
Xerox
As Americans [way-too] slowly come to the realization that COVID-19 is a very real and very present threat, the business world is changing around them at a staggering pace. Stocks nosedived again on Monday, with the three...more
3/17/2020
/ Abuse of Power ,
Administrative Law Judge (ALJ) ,
Airlines ,
Amazon Marketplace ,
Apple ,
Aviation Industry ,
Business Interruption ,
Capital Markets ,
CEOs ,
Chapter 11 ,
China ,
Commercial Bankruptcy ,
Consumer Financial Products ,
Coronavirus/COVID-19 ,
Distance Learning ,
E-Commerce ,
Economic Downturn ,
Enforcement Actions ,
Federal Aid ,
Federal Reserve ,
Financial Services Industry ,
France ,
Hiring & Firing ,
Infectious Diseases ,
IRS ,
Lockheed Martin ,
Net Operating Losses ,
OCC ,
PG&E ,
Public Health ,
Recessions ,
Restaurant Industry ,
Stock Prices ,
Tax Code ,
Tax Deductions ,
Telecommuting ,
Wage and Hour ,
Wells Fargo
It’s been a week or so, and we’re running out of ways to say that this is bad. But it certainly is. Your bear market stats for the day: the biggest daily drop by percentage for both the S&P 500 and the Dow Jones Industrial...more
3/13/2020
/ AirBnB ,
Aircraft ,
Amazon Marketplace ,
Aviation Industry ,
Bid Protests ,
Boeing ,
Business Continuity Plans ,
Business Interruption ,
CEOs ,
China ,
Cloud Computing ,
Competitive Bidding ,
Coronavirus/COVID-19 ,
Defense Sector ,
Department of Defense (DOD) ,
Dow Jones ,
E-Cigarettes ,
Economic Downturn ,
EU ,
European Central Bank ,
FDIC ,
Federal Contractors ,
Financial Markets ,
Financial Stimulus ,
Foreign Nationals ,
Gig Economy ,
Infectious Diseases ,
Interference Claims ,
Jeff Bezos ,
Microsoft ,
Paid Leave ,
Paid Time Off (PTO) ,
Popular ,
Public Health ,
Quarantine ,
RBS ,
Relief Measures ,
Resignation ,
Revenue ,
RMBS ,
S&P ,
Share Buybacks ,
SoftBank ,
Stock Prices ,
Travel Ban ,
Trump Administration ,
Wage and Hour
A stark warning from the Centers for Disease Control that Americans should prepare for a COVID-19 outbreak sent stocks tumbling again on Tuesday, with the S&P 500 closing down 3% (and firmly in the red for the year) by the...more
2/26/2020
/ Amazon Marketplace ,
CEOs ,
China ,
Class Action ,
Coronavirus/COVID-19 ,
Data Breach ,
Derivative Suit ,
Disney ,
Equifax ,
Financial Markets ,
Franchises ,
Grocery Stores ,
Infectious Diseases ,
Investors ,
Joint Employers ,
Manufacturing Facilities ,
NLRB ,
Panasonic ,
Popular ,
Public Health ,
Resignation ,
Salesforce ,
Securities Violations ,
Shareholder Litigation ,
Solar Energy ,
Solar Panels ,
Staffing Agencies ,
Stock Prices ,
Tesla