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“#Labor officials order Tesla boss Elon Musk to delete anti-union tweet” US regulators have ordered Tesla honcho Elon Musk to delete a 2018 tweet that said Tesla workers would lose their stock options if they voted to unionize, calling the tweet an illegal threat. According to The National Labor Relations Board, Tesla violated labor laws…
“#‘Share-plunge’ GameStop traders serve valuable function” It feels wrong to hope that a company goes out of business and its stock craters to zero, which is why short sellers — the traders who make money when stocks tank — are treated with disdain in many corners of Wall Street and now increasingly in Washington. But…
“#Feds reportedly OK Wells Fargo overhaul plan” Wells Fargo could be getting out of the Federal Reserve’s naughty corner, and the megabank’s much-maligned stock is taking a rare move upwards on the news. According to a Wednesday report from Bloomberg, the Fed has indicated that it will accept the bank’s latest governance overhaul plan, a…
“#New Robinhood regulations would stiff ‘little guy’” The GameStop-Robinhood stock-trading frenzy could take another bizarre turn thanks largely to some legislative “solutions” being weighed, allegedly to protect small investors. But if any of this stuff makes it into law, it will be the “little guy” who gets screwed, and this time for real. The end…
“#SEC Chairman Jay Clayton intends to step down at end of 2020” Wall Street’s sheriff is hanging up his spurs. Securities and Exchange Commission Chairman Jay Clayton announced Monday morning that he will be stepping down at the end of 2020, ending a three-and-half year term that saw the SEC collect $14 billion in fines…
“#Apple warns regulation of App Store could ‘materially’ hit its results” Apple’s lucrative App Store fees could be slashed by regulators to the tune of billions of dollars a year, the company warned investors Friday. The iPhone maker said in its most recent annual report that the growing regulatory pressures targeting Big Tech could have…