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“Life is such a gift, I just say thank you all day.” - Natalie Cole

Bitcoin Plunge Bitcoin has been on a tear recently, but—surprise!—the party is over. Having peeked over the $8,000 threshold yesterday, the value of the most famous cryptocurrency dropped as low as $7,180, per Coinmarketcap data (Coindesk reports there was even a trade at $6,600.) At the time...

Google Antitrust Google is facing a new antitrust inquiry, this time in Italy, where it stands accused of using its Android market dominance to stymie a charging-station-finding app from the energy giant Enel. Google allegedly refused to integrate Enel's app into its Android Auto system, which...

Pinterest Drops Wall Street may have liked Pinterest's Q1 sales, which slightly beat estimates, but not so much its full-year outlook. After the digital scrapbooking company released its first post-IPO results, its shares dropped as much as 19%. Its growth seems to be slowing, and profitability...

Walmart posts its best first quarter in nine years Walmart Inc. advanced after meeting sales estimates and indicating that shoppers will absorb some of the costs from President Donald Trump’s tariffs on Chinese imports. Comparable sales for Walmart stores in the U.S. climbed 3.4 percent in the...

Facebook is reportedly having a tough time recruiting It sounds like Facebook might be having a tough time recruiting after the Cambridge Analytica scandal and its two years of crises. On Thursday, CNBC reported that the Silicon Valley giant was running into difficulties in hiring new...

Inside Google’s Civil War It started in Tokyo on Nov. 1, 2018, when 100 employees walked out of Google's office at 11:10 a.m. local time. It spread world wide. It was the first time the world had seen such a massive worker protest erupt out of one of the giants of the technology industry--and...

Pinterest delivers first earnings report as a public company The company, led by co-founder and chief executive officer Ben Silbermann, posted revenues of $202 million on losses of $41.4 million for the three months ending March 31, 2019. This surpassed Wall Street estimates of about $200...

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“God, I can push the grass apart and lay my finger on Thy heart.” - Edna St. Vincent Millay

Insider Trading Law Alert: Better The Devil You Know? Tipping Liability, Martoma and the Rise of 18 U.S.C. § 1348 (Lexology.com) Insider trading has frequently been splashed across headlines in recent months, with a congressman, an NFL player, a comedy writer, and a Silicon Valley executive all...

A Senior Hedge Fund Manager Admits to Lying to Prosecutors in New York (Bloomberg) Michael L. Cohen, the former European head of Och-Ziff Capital Management Group, pleaded guilty to a single count of lying to U.S. authorities a year after they accused him of cheating a client out of millions of...

Real Madrid overtake Manchester United to become the most valuable brand in world football... as Premier League giants continue to dominate Real Madrid have been named as the most valuable football brand in the world The Spanish giants overtook Manchester United in a report by Brand Finance...

The mighty pea is everybody’s new favorite plant-based protein You can call it an overreaction to some bad soy headlines, or chalk it up to concerns about the environmental impacts of meat. Either way, it’s hard to ignore the food industry’s new favorite protein source: peas. Earlier this...

Subprime borrowers drive auto loan origination growth, says N.Y. Fed Auto loan debt grew in the first quarter, driven primarily by borrowers in the lowest credit tiers, according to the Federal Reserve Bank of New York. Total auto loan debt in the U.S. rose 4 percent year over year to $1.28...

China Arrests China has now formally arrested two Canadians that it detained last year. Michael Spavor and Michael Kovrig are apparently suspected of gathering state secrets for foreign forces. Spavor and Kovrig were detained shortly after Canada arrested Huawei CFO Meng Wanzhou, who faces...

PG&E Fire Californian investigators have pinned the state's deadliest wildfire on a faulty PG&E transmission line near the town of Pulga. The finding adds extra pressure to the utility, which is already facing enormous liability costs. Wall Street Journal

Trump Pardon Trump has pardoned the fraudster and former media mogul Conrad Black, who last year published a favorable biography of Trump. The White House said Black, who served a few years in U.S. jail a decade back, had made "tremendous contributions to business, as well as to political and...

U.S. bank regulator will vet next Wells Fargo CEO A top U.S. bank regulator said he will vet Wells Fargo's pick for its next chief executive, which could complicate the scandal-hit lender's efforts to find a new CEO. The Comptroller of the Currency told Congress he would use special legal...