Your Daily Dose of Financial News


Concessions wrenched from EU leaders aside, PM May and her latest Brexit plan again fell apart in Parliament, with lawmakers voting it down 391-242. The defeat raises the ongoing specter of a no-deal departure from the Union and a possible delay in that action, and it threatens her role as Tory leader, too – NYTimes and WSJ and Bloomberg and Marketplace

The FAA is holding pat and refusing to ground Boeing’s 737 Max 8s, despite recent decisions by aviation regulators in Singapore and Australia and carriers in Africa, South America, and North America to keep the jets from flying until further notice – NYTimes and WSJ and Bloomberg and MarketWatch

A look back at a rough Tuesday for Wells Fargo CEO Timothy Sloan before House Financial Services Committee – NYTimes and WSJ and MarketWatch and HuffPo and Law360

Ride-hailing giant Uber has settled a “long-running battle with drivers in California and Massachusetts” by agreeing to pay $20 million to those drivers who wanted the company to recognize them as employees rather than independent contractors—a status the settlement didn’t alter – NYTimes

One wouldn’t exactly label Tesla CEO Elon Musk’s late-Monday filing in response to the SEC’s efforts to hold him in contempt for recent tweets as “contrite.” Nope, Elon (and his lawyers) have come out swinging again – Law360

The Fed has banned two former Goldman Sachs investment bankers from the banking industry “for their alleged involvement in illegally diverting funds from Malaysian state investment fund” 1MDB – WSJ and Law360

Amazon—one of the prime subjects of Senator Warren’s call while at South by Southwest to break up big tech—is reportedly already moving to end a pricing practice criticized for stifling market competition – Axios

Warren isn’t the only one raising big tech antitrust concerns, by the way – NYTimes and WSJ and Bloomberg

Streetwise has a couple thoughts on why the bull market is back – WSJ

Time, once again, for my now-regular plug for the amazing Ali Barthwell, whose Bachelor recaps are (for me, at least) the one reason to even think about watching the show itself – Vulture


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