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Daily Business Review

Robinhood Cuts 23% of Its Workforce as Fewer Users Trade

Crashing cryptocurrency prices and a turbulent stock market are keep more Robinhood Markets customers off its trading app.
3 minute read

Daily Business Review

Florida Lottery Sales Beat Expectations But Start to Slow

Florida Lottery ticket sales should slacken over the next few years because of a "softening economy and pressures on disposable personal income," according to a recently released report by the state Revenue Estimating Conference.
3 minute read

Daily Business Review

Florida Stopgap Program Gets First Insurer After Downgrade

United Property & Casualty Insurance Co. was one of three insurers downgraded by the Demotech ratings agency amid widespread financial troubles in the state's property-insurance market.
4 minute read

Daily Business Review

Manchin Sets High Bar for Tesla, GM Electric-Car Tax Credits

West Virginia Sen. Joe Manchin said that the electric vehicle credits are designed to keep China from dominating battery components and critical minerals.
4 minute read

Daily Business Review

Pelosi's Taiwan Trip Raises Angst in Global Financial Markets

U.S. House Speaker Nancy Pelosi's trip is creating a fresh pressure point for investors already dealing with the prospects of a U.S. recession, worldwide rate hikes and surging inflation.
5 minute read

Daily Business Review

Florida Aerospace Agency Eyes Playing Bigger Financial Role

Space Florida's goal is to go from arranging financial incentives and opportunities to working with a more complex array of relationships that involve banks, pension funds and the insurance industry and to engage in equity and debt structures.
3 minute read

Daily Report Online

Woman Sues Bank of New York Mellon for Alleged Wrongful Foreclosure

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

National Law Journal

Skadden Beefs Up Financial Services Regs Offering With FinCEN Compliance Head

Skadden, Arps, Slate, Meagher & Flom is continuing to build out its roster of government attorneys, adding a top enforcement official from the Department of the Treasury's Financial Crimes Enforcement Network as a partner in Washington.
5 minute read

Law.com

Small Firm Must Pay $11K+ Sanction for Failing to Oversee Bookkeeper Who Embezzled Money

It's on one small law firm to pay more than $11,000 in Virginia State Bar sanctions after no one reviewed the firm's bills or bank statements for years except for its bookkeeper, who was ultimately convicted of embezzling nearly $650,000.
5 minute read

Daily Business Review

Traders Who Bet on Friendlier Fed Are About to See If They're Right

Fixed-income and equity camps are likely expecting that Federal Reserve Chair Jerome Powell's hawkish mission will be tempered by signs inflation has peaked as an economic downturn nears, a wager not without significant risk.
4 minute read

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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