The U.S. Securities and Exchange Commission has appointed Demetrios Logothetis as the new chair of the Public Company Accounting Oversight Board, alongside three new board members, marking a significant leadership shift at the key audit regulator.
Fieldguide, an AI-native platform for accounting and audit, secures major funding as it aims to tackle the profession's deepening talent shortage by automating routine work and reshaping traditional firm operations.
Universal has rescinded its employment offer to a former ADM finance executive just one day after the SEC filed suit against ADM's ex-CFO over alleged accounting misconduct in the nutrition segment, highlighting the widening fallout from the agribusiness giant's regulatory troubles.
The SEC has appointed EY veteran Demetrios Logothetis as PCAOB chair, alongside three new board members, as the audit regulator faces a slashed budget and a pivot toward a lighter regulatory touch.
Goldman Sachs' investment arm leads a major funding round in Fieldguide, an AI platform for auditors and accountants, signaling a strategic push into the automation of professional services and a potential new growth vector for the Wall Street giant.
In a bid to boost the global competitiveness of Indian accounting and advisory firms, the government has announced a dual-pronged reform: simplifying the 'accountant' definition under Safe Harbour Rules and merging tax computation standards with financial reporting norms.
Intuit expands its ecosystem with a dual-pronged strategy, launching a career development program for accounting students while integrating Checkr's background check services directly into its payroll and enterprise platforms, aiming to solidify its role from talent cultivation to HR operations.
Despite reporting stronger annual profits and lower charge-offs, LendingClub's stock faces significant pressure following its shift to fair value accounting and the launch of new growth initiatives like home improvement loans.
LendingClub Corp. (LC) shares tumbled sharply this week, extending losses for a third consecutive session after the company announced a shift to fair value accounting. The move, aimed at aligning revenue with credit costs, spooked investors despite the fintech firm reporting a 164% surge in annual net income.
An independent financial analysis of Duke University has found the institution possesses substantial reserves and strong cash flow, raising faculty criticism over recent staff reductions and budget cuts framed as necessary austerity measures.
Procter & Gamble is providing essential services to Mississippi communities recovering from a severe winter storm while concurrently launching a regionally focused Super Bowl advertising campaign for its Zevo and Spruce brands, blending corporate social responsibility with strategic marketing.
While the S&P 500 remains a core holding for many, actively managed and thematic ETFs offer a path to potentially superior returns. We analyze three Fidelity funds with distinct strategies—from U.S. tech dominance to international dividend income—that have historically beaten the market.
In a strategic pivot, Bed Bath & Beyond acquires Tokens.com, aiming to launch a platform for tokenizing real-world assets like real estate and securities, with shares rising on the news.
Capital Management Corp's significant stake increase in investment bank Moelis & Company is being viewed by market observers as a strategic wager on a potential rebound in mergers and acquisitions activity.
Fourth-quarter earnings for S&P 500 companies are significantly outperforming expectations, led by robust growth in industrial and tech sectors, as investors await a busy week of corporate results and key economic data.
In a bold marketing move, telehealth company Hims & Hers is leveraging the Super Bowl's massive audience to spotlight healthcare inequality with its 'Rich People Live Longer' campaign. The push comes as the company expands into advanced diagnostics and treatments, while its stock navigates a significant valuation gap after recent volatility.
Barclays initiates coverage of 4D Molecular Therapeutics with an Overweight rating and a $33 price target, citing a favorable industry backdrop with potential M&A tailwinds and shifting focus away from drug pricing pressures. The gene therapy developer also outlined key clinical milestones expected through 2026.
New data reveals a two-horse race in mining sector legal advisory, with Webber Wentzel leading by total deal value and Blake Cassels & Graydon topping the charts by number of transactions in a year marked by megadeals.
While Bed Bath & Beyond shares fell 13%, insiders who bought in the last year remain in profit, highlighting a potential disconnect between internal confidence and market sentiment.
Insurance brokerage giant Brown & Brown sees a key price target cut to $81 following its fourth-quarter earnings, which revealed robust fee growth but concerns over slowing organic revenue expansion.
