Financial Regulation

Snap’s connected Spectacles can now be bought online for $130

Snap is giving its hardware credentials a notable boost today with the news that it’s opening online sales for its connected glasses.<p>You may recall that Snapchat rebranded as Snap back in September and launched its first piece of hardware — called Spectacles — sunglasses that record 10-second …

Regulation

Will Trump’s Deregulation Sew Seeds of Financial Crisis?

Partners Group Chairman of Americas Charles Dallara and Credit Suisse Securities Head of European Economics Neville Hill discuss President Trump’s …

Banking

Owner may hand Fashion Square Mall to lender

Fashion Square Mall is proposing to settle its foreclosure lawsuit by handing the mall property over to its lender, The Bancorp.The settlement could …

Orlando

Medical marijuana has gone corporate

A new fund could be lighting up in investor portfolios soon.<p>In what would be a first for the exchange-traded fund industry, a marijuana-based ETF …

Cannabis

How Wealthy Will Evan Spiegel Be Post-Snap IPO?

The Snapchat creator will likely be worth more than $4 billion.<p>Snap Inc. is reportedly set to go public on the New York Stock Exchange during the first week of March.<p>Now, thanks to an updated filing with the Securities and Exchange Commission (SEC), we now have have a clearer sense of just how …

Evan Spiegel

Canadian investments in Bombardier are in compliance with all trade rules

<i>Mike Nadolski is Bombardier’s vice-president communications and public affairs</i><p>Earlier this month, the Canadian government announced new R&D support for Bombardier. This repayable support will help strengthen Canada’s position as a world leader in the commercial aerospace industry; an industry that …

Canada

Everything Trump Did in His 4th Week That Actually Matters

It’s been one month of the Trump administration, and what a month it has been. Trump is already at 38 percent popularity in the polls. Usually …

Government

The Most Hated Financial Regulatory Agency

The Consumer Financial Protection Bureau was created in the wake of the financial crisis to ensure that banks and other financial services companies don't take advantage of consumers. But there are certain aspects of the regulatory agency that make it especially controversial.<p>Listen in to this …

Banking

Trump's regulatory freeze in full force

President Trump’s regulatory freeze is in full effect. Federal agencies are following orders to delay the rules that Obama administration officials …

Government

Comtech Telecommunications Corp. Awarded $1.4 Million Contract for Unique High-Performance SATCOM Uplink Subsystems

MELVILLE, N.Y.--(BUSINESS WIRE)--<p>February 16, 2017 -- Comtech Telecommunications Corp. (CMTL) announced today that during its second quarter of …

Regulation

‘A Cure for Wellness’ is a fantastically creepy experience

Mia Goth is as fine a name as can be imagined for the actress playing a creepy, hollow waif in “A Cure for Wellness,” and her name is practically a …

Regulation

Yahoo warns users against hackings as it suffers yet another breach

It seems Yahoo has landed itself in trouble again. The company has reportedly been sending out emails to warn users that state-sponsored attackers might have breached their accounts.<p>The hackers purportedly relied on a sophisticated cookie forging exploit that could be executed without the need to …

Data Breach

What 5 billionaires are buying in the Trump era

Billionaire investors appear to see good times ahead with a fellow billionaire in the White House. Warren Buffett, Carl Icahn, David Einhorn, Dan Loeb and Bill Ackman have been making some major investment moves in recent months, as revealed in regulatory filings with the Securities and Exchange …

Regulation

Snap's 2 cofounders will sell up to $512 million in stock when their company goes public in March

Snap cofounders Evan Spiegel and Bobby Murphy plan to each sell up to $256 million in stock when their company goes public in March, according to documents filed with the Securities and Exchange Commission on Thursday.<p>The Snapchat maker is seeking to price its initial public offering at $14 to $16 …

Business (UK)

Theranos Had $200 Million in Cash Left at Year-End

Theranos Inc., the embattled blood-diagnostics firm, is on the ropes.<p>The Silicon Valley company had $200 million of cash on hand at the end of 2016, people familiar with the matter said, less than a quarter of the funding it raised from investors and partners.<p>The number was disclosed in a …

21st Century

Yahoo is warning users over state-sponsored cookie-forging attacks

Yahoo's security woes continue with the company sending out a fresh warning to users over hacked accounts at the hands of allegedly state-sponsored actors.<p>In an email to users, Yahoo said it has identified evidence of cookie-forging attacks on some accounts, which would allow attackers to access an …

Cybersecurity

To Big Oil's delight, Trump signs his first meaningful bill into law

The bulk of Donald Trump’s presidential acts have been executive actions, not signing legislation into law. Soon after taking office, the Republican …

Government

Hunting for Dirty Deeds in the $34 Trillion U.S. Futures Market - Bloomberg

At the cash-strapped regulator of the U.S. derivatives market, even an iPhone’s worth of data is too much to handle. Every day, just a bit after 4 …

Wall Street

SEC's acting chair scales back enforcement unit's subpoena powers

WASHINGTON (Reuters) - Acting U.S. Securities and Exchange Commission Chairman Michael Piwowar has taken steps to limit the agency's enforcement division's powers to initiate investigations and issue subpoenas, according to people familiar with the matter.<p>Under the new policy, the enforcement …

21st Century

Unicorn Buybacks and Securities Law

<b>People are worried about unicorns doing stock buybacks.</b><p>No, they're not really worried, but I appreciate that Uber Technologies Inc. hasn't waited to go public to start doing stock buybacks from its employees. "Those who work at the San Francisco company for at least four years can sell as much as …

Wall Street

New SEC interim chief weighs curbing investigators' powers to probe Wall Street as President Donald Trump gives freer rein to securities industry

The Securities and Exchange Commission’s interim chief has quietly initiated a review that could make it harder for government lawyers to open …

21st Century

U.S. court to rehear challenge to SEC judges

WASHINGTON – A U.S. appeals court on Thursday said it would rehear a challenge to the Securities and Exchange Commission's use of in-house judges.<p>The order issued by the U.S. Court of Appeals for the District of Columbia Circuit wiped out a three-judge panel's August decision in favor of the …

21st Century

The Acting SEC Chair Is Using His Temporary Powers - Bloomberg

Serving as acting chairman of a federal agency is the Washington equivalent of being all dressed up with nowhere to go. The temporary position …

21st Century

Requiring Companies to Disclose Climate Risks Helps Everyone

In the movie <i>Forrest Gump</i>, the protagonist becomes a very rich man due to a natural disaster and its unforeseen business consequences. When he first enters the shrimp boating business, Forrest catches no shrimp. His fortunes change when a hurricane strikes and his boat is the only one to survive the …

Climate Change

Obama’s SEC chair returns to her old law firm

Mary Jo White, Wall Street’s top regulator under former President Obama, has returned to her old white-shoe law firm Debevoise & Plimpton — less than …

Wall Street

The Changes Confronting the Investment Advisory Business

The investment advisory business is undergoing a once-in-a-generation transformation in the delivery of financial advice to individual investors.<p>The changes are moving the industry toward higher standards of professionalism and transparency. But there is still a need for wealth management firms and …

Regulation

Want To Find The Opportunities? Follow The Sentiment

Goldman is bullish on commodities.<p>Look at the timing.<p>Understanding market sentiment.<p>On Monday I had the opportunity to attend a conference at Goldman …

Commodities

Berkshire's Buffett Showing Renewed Interest in Airline ETFs (JETS,DAL)

Aversion turned affinity. That could be one way of describing Warren Buffett's view on airline stocks. Until last year, Buffett was famously averse …

Airlines

Is the Trump Era Really Off to Such a Slow Start?

From the Thursday edition of the Morning Jolt:<p><b>Is the Trump Era Really Off to Such a Slow Start?</b><p>The lead story in the <i>New York Times today</i>: …

Government

Andrew Puzder withdraws from nomination for labor secretary

By Noah Kulwin on Feb 15, 2017<p>Donald Trump’s pick for secretary of labor, fast food executive Andrew Puzder, is reportedly withdrawing from the nomination process after scrutiny of both his personal and professional lives made some Republican senators reluctant to confirm him.<p>Puzder’s nomination …

U.S. Secretary of Labor