JPMorgan is preparing to finalize a deal with federal prosecutors and regulators in which the bank would pay nearly $1 billion to “settle civil and criminal charges that its traders rigged futures and securities markets”...more
9/24/2020
/ App Store ,
Apple ,
Big Data ,
China ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
E-Commerce ,
Electric Vehicles ,
EPIC ,
Facebook ,
Financial Markets ,
Food Supply ,
Futures ,
Global Warming ,
Google ,
Infectious Diseases ,
JPMorgan Chase ,
Mars ,
Mobile Apps ,
Oracle ,
Race Discrimination ,
Race Relations ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
Spoofing ,
Spotify ,
Stock Prices ,
TikTok ,
Tinder ,
Trump Administration ,
Twitter ,
Wal-Mart ,
Wall Street ,
Wells Fargo
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
A World Trade Organization panel on Tuesday declared that the U.S.’s 2018 tariffs on China “violated international trade rules,” siding with China and its allegations that the White House’s trade war broke, among other...more
9/16/2020
/ Aluminum Sales ,
Anti-Competitive ,
Antitrust Violations ,
Apple ,
Canada ,
China ,
CMBS ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Facebook ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
FOMC ,
Heinz ,
Hotels ,
Infectious Diseases ,
Itt Educational Services ,
Kraft ,
Main Street Lending Programs ,
Mark Zuckerberg ,
Movie Theaters ,
Movies ,
Ponzi Scheme ,
Private Student Loans ,
Retaliatory Tariffs ,
Securities and Exchange Commission (SEC) ,
Tariffs ,
Trade Relations ,
Trump Administration ,
Unfair or Deceptive Trade Practices ,
US Trade Policies ,
WTO
Citigroup has chosen it President, Jane Fraser, to replace CEO Michael Corbat when he retires in February 2021. Fraser will become “the first woman to lead a major financial institution in the United States.” She’s been with...more
9/11/2020
/ CARES Act ,
Citigroup ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Diversity and Inclusion Standards (D&I) ,
Economic Downturn ,
Economic Stimulus ,
European Central Bank ,
Eurozone ,
Federal Reserve ,
Financial Markets ,
Fraud and Abuse ,
Infectious Diseases ,
JPMorgan Chase ,
Legislative Agendas ,
Mining ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Remote Learning ,
Retailers ,
Special Purpose Acquisition Companies (SPACs) ,
TikTok ,
Unemployment ,
Wildfires ,
Woman Board Members
Blaming a “U.S. move to impose tariffs on French goods,” luxury brand conglomerate LMVH is pulling out of a proposed $16 billion deal to buy jeweler Tiffany & Co. Tiffany is now suing to enforce the ill-fated agreement....more
9/9/2020
/ Activist Investors ,
Aircraft ,
Apple ,
Boeing ,
Breach of Contract ,
CARES Act ,
CFTC ,
Climate Change ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Department of Labor (DOL) ,
Disclosure Requirements ,
Electric Vehicles ,
EPIC ,
Fair Labor Standards Act (FLSA) ,
Federal Aviation Administration (FAA) ,
Federal Labor Laws ,
Financial Markets ,
Financial Stimulus ,
Form 13F ,
France ,
General Motors ,
Infectious Diseases ,
Interest Rates ,
iPhone ,
Joint Employers ,
JPMorgan Chase ,
Luxury Goods ,
Nasdaq ,
Popular ,
Retail Market ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Startups ,
Tariffs ,
Tiffany and Company ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
UK Brexit
Major shakeup at Ford, where CEO Jim Hackett is out after a three-year stint in which he “achieved mixed results” but didn’t impress Wall Street enough to keep his job. Ford has installed COO James Farley, a Toyota alum who’s...more
8/6/2020
/ Anti-Competitive ,
Antitrust Violations ,
BP ,
Business Interruption ,
CEOs ,
Commercial Bankruptcy ,
Commercial Insurance Policies ,
Department of Justice (DOJ) ,
Disney ,
Enforcement Actions ,
EU ,
Financial Markets ,
Fitbit ,
Ford Motor ,
Google ,
Government Investigations ,
Kodak ,
Newspapers ,
Opioid ,
Prescription Drugs ,
Purdue Pharma ,
Revenue ,
Securities and Exchange Commission (SEC) ,
Share Price
Germany’s Federal Court of Justice upheld a decision by the country’s antitrust watchdog on Tuesday that “Facebook had abused its dominance in social media to illegally harvest data about its users”—a “major victory for...more
6/26/2020
/ CARES Act ,
Chapter 11 ,
Commercial Bankruptcy ,
Data Collection ,
Department of Justice (DOJ) ,
Facebook ,
Financial Stimulus ,
Google ,
Johnson & Johnson ,
Legislative Agendas ,
Paycheck Protection Program (PPP) ,
Tariffs
May saw a huge jump in consumer activity to the tune of +17.7%, as Americans unleashed their pent-up demand. It was welcome news for markets and beyond, but “the underlying data presents a more complicated picture and shows...more
6/18/2020
/ Anti-Money Laundering ,
AT&T ,
Capital Markets ,
Commerzbank ,
Coronavirus/COVID-19 ,
Corporate Culture ,
Department of Justice (DOJ) ,
Disney ,
Diversity and Inclusion Standards (D&I) ,
Executive Orders ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
HSBC ,
Inflation Adjustments ,
Layoffs ,
McDonalds ,
Morgan Stanley ,
Occupational Exposure ,
Online Platforms ,
Personal Protective Equipment ,
Public Nuisance ,
Race Relations ,
Recovery Plans ,
Retail Market ,
Retail Sales ,
Social Media ,
Trump Administration ,
Unemployment ,
Workplace Safety
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
The DOJ has begun the prosecutorial phase of its chicken price-fixing investigation with a one-count indictment accusing current and former senior execs at Pilgrim’s Pride and Claxton Poultry Farms—including their current...more
6/4/2020
/ Agribusiness ,
Antitrust Violations ,
Banks ,
Bias ,
Bonds ,
Class Action ,
Coronavirus/COVID-19 ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Department of Labor (DOL) ,
European Central Bank ,
Federal Reserve ,
Financial Markets ,
Financial Stimulus ,
Gender-Based Pay Discrimination ,
Interest Rates ,
Layoffs ,
Meat Processing Plants ,
Oracle ,
Overdraft Fees ,
Payday Loans ,
Price-Fixing ,
Relief Measures ,
Unemployment ,
Unemployment Benefits ,
Vulnerable Victims ,
Warner Music Group
Unable to reach a last-minute deal with investors, rental car mainstay Hertz filed for bankruptcy late Friday night, doing so “without a clear plan with creditors in place—a rare move for a company of its size.” Though, like...more
5/27/2020
/ Bailout ,
Bayer ,
Cancer ,
CARES Act ,
Commercial Bankruptcy ,
Conspiracies ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Drug Pricing ,
Economic Downturn ,
European Banking Authority (EBA) ,
Financial Distress ,
Financial Stimulus ,
Generic Drugs ,
Germany ,
Hertz ,
Hospitals ,
Lufthansa ,
Meat Processing Plants ,
Monsanto ,
Mortgages ,
Operators of Essential Services ,
Popular ,
Regeneron ,
Sanofi ,
Teva Pharmaceuticals
Optimism over promising results for a coronavirus vaccine from Moderna helped drive stocks up on Monday after a rough go of it last week....more
5/19/2020
/ Anti-Competitive ,
Antitrust Investigations ,
Beer ,
Chapter 11 ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Credit ,
Department of Justice (DOJ) ,
Department of Labor (DOL) ,
Disney ,
Economic Downturn ,
Facebook ,
Fair Labor Standards Act (FLSA) ,
Federal Reserve ,
Financial Markets ,
Google ,
JCPenney ,
Leverage Ratio ,
Life Sciences ,
Moderna Inc. ,
Online Advertisements ,
PG&E ,
Pharmaceutical Industry ,
Public Health ,
Retailers ,
SoftBank ,
Stock Prices ,
T-Mobile ,
Vaccinations ,
White-Collar Exemptions ,
Wildfires
Not exactly stop-the-presses stuff at this point in the relationship, but negotiators from the U.S. and China have officially been in touch and agreed to keep talking as they work to implement the bilateral trade deal signed...more
5/8/2020
/ 1MDB ,
CARES Act ,
China ,
Commercial Bankruptcy ,
Department of Justice (DOJ) ,
Federal Reserve ,
Gig Economy ,
Hong Kong Stock Exchange ,
Independent Contractors ,
Liquidity ,
Main Street Lending Programs ,
Neiman Marcus ,
Paycheck Protection Program (PPP) ,
Trade Relations ,
Uber ,
Unemployment ,
US Trade Policies
Macy’s announced on Monday that it will furlough most of its nearly 130,000 workers (at its Macy’s, Bloomingdale’s, and Bluemercury retail locations) starting this week as its stores remained shuttered due to the pandemic....more
3/31/2020
/ Bank of New York (BNY) Mellon ,
Business Closures ,
Coronavirus/COVID-19 ,
Corporate Restructuring ,
Data Privacy ,
Department of Justice (DOJ) ,
Facebook ,
Federal Reserve ,
Financial Markets ,
Furloughs ,
Gap Inc ,
Goldman Sachs ,
Insider Trading ,
Insurance Claims ,
Kohls ,
Layoffs ,
Macy's ,
Relief Measures ,
Retailers ,
S&P ,
Share Buybacks ,
Videoconference
Despite news of additional COVID-19-related deaths and infections in America, central bankers appear to have bought at least one day of peace for US markets, which posted strong gains on a late surge on Monday, breaking a...more
3/3/2020
/ Apple ,
Banks ,
Best Practices ,
Bid Rigging ,
CEOs ,
China ,
Coronavirus/COVID-19 ,
Criminal Conspiracy ,
Criminal Penalties ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Disgorgement ,
Drug Pricing ,
Economic Downturn ,
Emergency Management Plans ,
Enforcement Actions ,
EU ,
Financial Markets ,
General Electric ,
Generic Drugs ,
Global Market ,
Hewlett-Packard ,
Infectious Diseases ,
Multidistrict Litigation ,
Novartis ,
Oil & Gas ,
OPEC ,
Oral Argument ,
Pharmaceutical Industry ,
Price-Fixing ,
Public Health ,
Risk Management ,
Sandoz ,
Securities and Exchange Commission (SEC) ,
Stock Prices ,
Takeover Bids ,
Wireless Industry ,
Wireless Technology ,
Xerox
In a massive win for Amazon (because, again, Jeff NEEDS it), Court of Federal Claims Judge Patricia Campbell-Smith has granted the company’s motion for an injunction halting Microsoft’s work on the $10 billion cloud-computing...more
2/14/2020
/ Administrative Appointments ,
Amazon Marketplace ,
Antitrust Investigations ,
Antitrust Violations ,
China ,
Cloud Computing ,
Criminal Conspiracy ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Federal Contractors ,
Federal Reserve ,
Financial Crisis ,
Financing ,
Google ,
Huawei ,
Indictments ,
Initial Public Offering (IPO) ,
Injunctions ,
Intellectual Property Protection ,
Interference Claims ,
Liquidity ,
Microsoft ,
Music Industry ,
Popular ,
Racketeering ,
Royal Bank of Scotland ,
Securities and Exchange Commission (SEC) ,
Telecommunications ,
Tesla ,
Theft ,
Trade Secrets ,
Trump Administration
-The DOJ has announced charges against four members of China’s military related to the 2017 cyberattack on credit-reporting agency Equifax, the breach that revealed “trade secrets and the personal data of about 145 million...more
2/11/2020
/ Amazon Marketplace ,
Anti-Competitive ,
Antitrust Provisions ,
Antitrust Violations ,
Banks ,
China ,
Cloud Computing ,
Corruption ,
Criminal Prosecution ,
Cyber Attacks ,
Data Breach ,
Department of Justice (DOJ) ,
Economic Growth ,
Employee Definition ,
Equifax ,
FDIC ,
Federal Budget ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Financial Services Committee ,
FinTech ,
Gig Economy ,
Global Market ,
Hewlett-Packard ,
Independent Contractors ,
Indictments ,
Infectious Diseases ,
Microsoft ,
Misclassification ,
Personal Care Products ,
Popular ,
Proxy Advisors ,
Securities and Exchange Commission (SEC) ,
Sprint ,
Startups ,
T-Mobile ,
Takeover Bids ,
Telecommunications ,
Trump Administration ,
Uber ,
Wireless Industry ,
Xerox
More detail is emerging on the DOJ’s ongoing antitrust probe into Google, with recent attention to the company’s online ad tools suggesting the topic has become “a major focus of the investigation,” with special focus on “how...more
2/6/2020
/ Antitrust Provisions ,
Biotechnology ,
China ,
Department of Justice (DOJ) ,
Elon Musk ,
Exports ,
Google ,
Imports ,
Initial Public Offering (IPO) ,
Nike ,
Olympics ,
Pharmaceutical Industry ,
Popular ,
Shareholder Litigation ,
Super Bowl ,
Tariffs ,
Tesla ,
Trade Relations ,
Trade Wars ,
US Trade Policies
It’s all coming up Elon these days for Tesla and its stock. “Positive developments” from the electric carmaker’s battery suppliers helped goose shares even higher, ending the day at $780/share—a nearly 20% gain since Friday....more
2/4/2020
/ #MeToo ,
Antitrust Provisions ,
Antitrust Violations ,
Automotive Industry ,
Bank of America ,
Bias ,
China ,
Citigroup ,
Competition ,
Conflicts of Interest ,
Corporate Culture ,
Department of Justice (DOJ) ,
Electric Vehicles ,
Elon Musk ,
EU ,
Fair Housing Act (FHA) ,
Federal Trade Commission (FTC) ,
Financial Markets ,
FinTech ,
Ford Motor ,
Fuel Efficiency ,
Gender-Based Pay Discrimination ,
Google ,
Infectious Diseases ,
Interest Rates ,
Merger Controls ,
National Emissions Standards ,
Oil & Gas ,
On-Demand Services ,
OPEC ,
Pay Gap ,
Personal Care Products ,
Popular ,
Public Health ,
Race Discrimination ,
Search Engines ,
Sex Discrimination ,
Sexual Harassment ,
Sharing Economy ,
Stock Prices ,
Supply and Demand ,
Tesla ,
Trade Relations ,
Trump Administration ,
Visa Inc ,
Voluntary Dismissals ,
Wells Fargo
U.S. and Chinese trade negotiators are “laying the groundwork for a delay of a fresh round of tariffs set to kick in on Dec. 15” as the countries continue to work through how a Chinese promise to make huge ag purchases from...more
12/11/2019
/ Bank Fraud ,
Canada ,
Chevron ,
China ,
CIGNA ,
Climate Change ,
Commodities ,
Consumer Insurance Products ,
Department of Justice (DOJ) ,
Exports ,
Exxon Mobil ,
Farms ,
Federal Trade Commission (FTC) ,
FOMC ,
For Profit Colleges ,
Fraudulent Marketing ,
Imports ,
Interest Rates ,
Loan Forgiveness ,
Martin Act ,
Mexico ,
Misleading Statements ,
Notice and Comment ,
Oil & Gas ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
Statutory Violations ,
Student Loans ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trade Retaliation ,
Trade Wars ,
Trump Administration ,
UBS ,
Unfair or Deceptive Trade Practices ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies
Google announced late Tuesday that co-founders Larry Page and Sergey Brin are “stepping down from executive roles at Google’s parent company, Alphabet.” Google CEO Sundar Pichai will now helm both operations, while Page and...more
12/4/2019
/ Agribusiness ,
Alphabet Company ,
Anti-Money Laundering ,
Board of Directors ,
Cannabis Products ,
CEOs ,
China ,
Department of Justice (DOJ) ,
Exports ,
Farms ,
Financial Institutions ,
Fishing Industry ,
Food Manufacturers ,
Google ,
Grocery Stores ,
Hedge Funds ,
Hemp ,
Huawei ,
Imports ,
Infrastructure ,
Lands End ,
Parent Corporation ,
Popular ,
Price-Fixing ,
Regulatory Burden ,
Regulatory Oversight ,
Regulatory Requirements ,
Resignation ,
Retail Market ,
Sears ,
Stock Markets ,
Stock Prices ,
Suppliers ,
Supply Chain ,
Tariffs ,
Trade Negotiations ,
Trade Relations ,
Trade Wars ,
Trump Administration ,
US Trade Policies
The U.S. and China have tentatively [maybe?] agreed that a first phase of a trade agreement “would roll back a portion of the tariffs placed on each other’s products, a significant step toward defusing tensions between the...more
11/8/2019
/ Abuse of Power ,
Aerospace ,
Airplane Accidents ,
Bank of England ,
Boeing ,
Capital One ,
CFTC ,
Chief Information Security Officer (CISO) ,
China ,
Climate Change ,
Common Law Claims ,
Cybersecurity ,
Data Breach ,
Department of Justice (DOJ) ,
Disney ,
Document Requests ,
E-Cigarettes ,
Employee Misconduct ,
Enforcement Actions ,
Exports ,
Exxon Mobil ,
Facebook ,
Federal Aviation Administration (FAA) ,
Federal Bans ,
Financial Crimes ,
Gap Inc ,
Google ,
High-Speed Trading ,
HSBC ,
Imports ,
Index Funds ,
Internet Streaming ,
Investment Fraud ,
Market Manipulation ,
Oil & Gas ,
Online Advertisements ,
Pension Funds ,
Personal Data ,
Resignation ,
Retail Market ,
Spoofing ,
State and Local Government ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trade Retaliation ,
Trade Wars ,
Trump Administration ,
UK ,
US Trade Policies ,
Vaping
The Federal Reserve took the rare step yesterday of stepping “into financial markets . . . to keep interest rates from rising above its target, the first time the central bank has had to carry out this type of ‘market...more
9/18/2019
/ AT&T ,
Board of Directors ,
Capital Requirements ,
Collateralized Debt Obligations ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Department of Justice (DOJ) ,
Drones ,
False Statements ,
FDIC ,
Federal Reserve ,
Financial Crisis ,
Financial Instruments ,
Financial Markets ,
Financial Regulatory Reform ,
FOMC ,
Forever 21 ,
Hedge Funds ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Internet Streaming ,
JPMorgan Chase ,
NBC ,
OCC ,
Office Space ,
Oil Prices ,
Price Manipulation ,
Rare Earth Metals ,
Retailers ,
RICO ,
Spoofing ,
Swaps ,
Universal ,
Wachovia ,
Wells Fargo
Shared office-space company WeWork, which had committed to moving forward with its planned IPO this week despite recent turmoil, appears likely to postpone the offering until at least October in an effort to shore up its...more
9/17/2019
/ Airbus ,
Amazon Marketplace ,
Bear Sterns ,
CFTC ,
Department of Justice (DOJ) ,
Economic Sanctions ,
EU ,
Failure To Disclose ,
Federal Reserve ,
Financial Regulatory Reform ,
Futures ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Interest Rates ,
Internet Streaming ,
Japan ,
JPMorgan Chase ,
Market Manipulation ,
Mutual Funds ,
Netflix ,
Office Space ,
Oil & Gas ,
Oil Prices ,
Proprietary Trading ,
Prudential ,
Rare Earth Metals ,
Reorganizations ,
Sharing Economy ,
Short-Term Loans ,
Spoofing ,
Trade Relations ,
Trump Administration ,
Volcker Rule ,
WTO
There’s some surprise market wheeling and dealing afoot this morning. The Hong Kong stock exchange has offered to buy its London counterpart as part of a deal valued at $37 billion that would connect “the established...more
9/11/2019
/ Administrative Procedure Act ,
Alibaba ,
Amazon Marketplace ,
Anbang ,
Apple ,
Big Tech ,
Brokers ,
China ,
Competition ,
Department of Justice (DOJ) ,
Deregulation ,
Dodd-Frank ,
E-Commerce ,
Economic Espionage Act ,
Federal Trade Commission (FTC) ,
Fidelity National Title Insurance Company ,
Financial Regulatory Reform ,
Hong Kong Stock Exchange ,
Hotels ,
Initial Public Offering (IPO) ,
Interest Rate Adjustments ,
Internet Retailers ,
Investment Portfolios ,
iPhone ,
Layoff Notices ,
London Stock Exchange ,
Merchants ,
Real Estate Market ,
Ridesharing ,
Securities and Exchange Commission (SEC) ,
State Attorneys General ,
Title Insurance ,
Trade Secrets ,
Uber ,
White Collar Crimes