- Acumen Powered by Robins Kaplan LLP®
- Affirmative Recovery
- American Indian Law and Policy
- Antitrust and Trade Regulation
- Appellate Advocacy and Guidance
- Business Litigation
- Civil Rights and Police Misconduct
- Class Action Litigation
- Commercial/Project Finance and Real Estate
- Corporate Governance and Special Situations
- Corporate Restructuring and Bankruptcy
- Domestic and International Arbitration
- Health Care Litigation
- Insurance and Catastrophic Loss
- Intellectual Property and Technology Litigation
- Mass Tort Attorneys
- Medical Malpractice Attorneys
- Personal Injury Attorneys
- Telecommunications Litigation and Arbitration
- Wealth Planning, Administration, and Fiduciary Disputes
Acumen Powered by Robins Kaplan LLP®
Ediscovery, Applied Science and Economics, and Litigation Support Solutions
-
June 7, 2023Partner Tim Billion Honored With 2023 Appellate Advocacy Award
-
June 6, 2023Super Lawyers Names Five Attorneys to “Southern California Rising Stars” List
-
June 1, 2023Chambers USA Recognizes Five Robins Kaplan Practice Groups and 17 Lawyers in 2023 Guide
-
June 13, 20232023 Probate and Trust Law Section Conference
-
June 14, 2023Leading Through Uncertainty
-
June 15, 2023Enhance Your Super Powers by Clerking
-
May 2023Raoul Shah: Keeping Humanity and Compassion Close
-
May 18, 2023NFT Trademark Defense Comes Down To Licensing Terms
-
April 20, 2023Drafting Subsequent Agreements to Avoid Arbitrability Litigation
-
September 16, 2022Uber Company Systems Compromised by Widespread Cyber Hack
-
September 15, 2022US Averts Rail Workers Strike With Last-Minute Tentative Deal
-
September 14, 2022Hotter-Than-Expected August Inflation Prompts Massive Wall Street Selloff
Find additional firm contact information for press inquiries.
Find resources to help navigate legal and business complexities.
Powell Admits Recession Possible, Sees Tricky Path to Soft Landing
Financial Daily Dose 6.23.2022
June 23, 2022
In closely watched testimony before the Senate Banking Committee, Fed Chair Powell acknowledged on Wednesday that the central bank faced a perilous situation in trying to “lower rapid inflation without tipping America into a painful downturn” and admitted that “a recession is ‘certainly a possibility.’” Powell faces more questioning today in the House - NYTimes and WSJ and Bloomberg and MarketWatch
Faced with “soaring” gas prices, President Biden has “called on Congress . . . to temporarily suspend the federal gas tax” in a move that’s drawn skepticism from lawmakers and economists alike. Biden acknowledged as much in his statement calling for the suspension, and the actual merits of the move may be purely theoretical anyway, as the “White House faces an uphill battle to get Congress to approve the holiday” – NYTimes and WSJ and Bloomberg and MarketWatch
Because why not another gale in a headwind-heavy economy. This time, American companies and consumers will work through the “significant—and unanticipated—ramifications” of a new U.S. law “aimed at cracking down on Chinese forced labor.” The measure, which took effect this week, “bars products from entering the United States if they have any links to Xinjiang, the far-western region where the Chinese authorities have carried out” what some have termed ethnic cleansing of Uyghur Muslims and other minority groups - NYTimes
While talking China, top US trade official Katherine Tai defended the administration’s decision to leave existing tariffs on Chinese goods in place, calling them “a significant piece of leverage” in U.S.-Sino relations and noting that “a trade-negotiator never walks away from leverage - NYTimes
Huge news in the vaping world, just days after the FDA targeted nicotine content in old-school cigarettes, as the agency is “preparing to order Juul Labs Inc. to take its e-cigarettes of the U.S. market” following a “nearly two-year review of data presented by the vaping company, which sought authorization for its tobacco- and menthol-flavored products to stay on the U.S. market” - WSJ and Bloomberg and MarketWatch and TechCrunch
The SEC is preparing to crack down on the “behavioral prompts and data analytics used by some online stock brokerages and investment advisers” to “gamify” stock trading in recent years. Wall Street’s “main regulator said last August that it was concerned that game-like features are putting investors at risk by encouraging excessive trading” - Bloomberg
Meanwhile, the Commission’s proposed SPAC-taming rules have met with “a wide range of criticism”—largely from the blank check industry itself—“who are concerned the proposal could thwart an IPO alternative that has brought hundreds of companies to public markets in recent years” – Law360
Revlon’s recent Chapter 11 filing has prompted a “surge” in interest in the cosmetics maker’s stock - WSJ and MarketWatch
You gearheads out there will know that I’m awfully late to the party on this, but please indulge me as I soak up all of Jason Cammisa’s Revelations about how the Taurus—yes, the Taurus—became the “fastest, most expensive Ford sedan” (and saved the company in the process) - Hagerty
Stay safe,
MDR
The Robins Kaplan Financial Daily Dose features top stories and latest news headlines in financial markets, banking, securities and technology topics.
Related Professionals
Michael D. Reif
Partner
If you are interested in having us represent you, you should call us so we can determine whether the matter is one for which we are willing or able to accept professional responsibility. We will not make this determination by e-mail communication. The telephone numbers and addresses for our offices are listed on this page. We reserve the right to decline any representation. We may be required to decline representation if it would create a conflict of interest with our other clients.
By accepting these terms, you are confirming that you have read and understood this important notice.