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.
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.
In a landmark move to end regulatory ambiguity, the SEC and CFTC have formally merged their 'Project Crypto' into a single rulebook. The joint initiative aims to harmonize federal oversight of crypto markets, drawing clearer lines between securities and commodities as legislative efforts advance in Congress.
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.
As Verizon Communications navigates a $29 million ESOP share registration and heightened regulatory scrutiny of its $20 billion Frontier fiber acquisition, analysts are increasingly framing the telecom giant as a high-yield, bond-proxy utility. With heavy debt and dividend commitments constraining flexibility, the company's strategic moves are being watched for signs of how it will balance growth with its new, more regulated profile.
The Hong Kong Monetary Authority has detailed its enhanced oversight framework for key retail payment systems, designating networks like Visa, Mastercard, and UnionPay for direct supervision to ensure security and stability in the city's rapidly digitizing economy.
French IT giant Capgemini initiates the sale of its U.S. federal subsidiary, Capgemini Government Solutions, attributing the move to restrictive oversight rules for classified contracts and a desire for strategic focus.
A Minnesota police chief facilitated the release of a woman detained by federal immigration agents after a traffic stop described by witnesses as aggressive and unmarked. The incident, captured on dashcam, has reignited debates over ICE tactics and oversight.
Mondelez International merges financial and operational oversight under veteran CFO Luca Zaramella, who assumes the additional role of Chief Operating Officer. The strategic move aims to tighten cost discipline across global commercial units but raises questions about succession planning and cash flow pressures as the snack giant navigates a challenging market.
Apex Fintech Solutions launches an 'agentic' AI suite designed to let business leaders prototype wealth management features without coding, promising to slash development time. While hailed as a potential game-changer for innovation, industry experts caution that the rush to adopt such tools must be balanced with robust oversight and firm-wide governance to avoid siloed risks and operational pitfalls.
At its virtual annual meeting, RGC Resources (NASDAQ: RGCO) shareholders voted to re-elect directors, retain Deloitte & Touche as auditors, and approve an expansion of the stock bonus plan, signaling strong support for the company's governance and strategic direction.
South Korean regulators are forming a task force to propose stricter anti-money laundering rules for cryptocurrency transactions by 2026, potentially removing minimum thresholds for identity disclosure to mirror traditional finance oversight.
A detailed four-month audit of every expense left one individual perplexed: despite a solid income and no major debt, their bank account was perpetually near empty. The experience underscores a critical gap between tracking spending and controlling it, a common pitfall in personal finance.
Israeli police have detained municipal officials and business figures suspected of embezzling millions in international donations intended for communities devastated by the October 7 Hamas attacks, launching a major fraud investigation.
CME Group has increased margin requirements for precious metals futures and options following extreme price swings, as daily trading volumes hit record highs. The exchange is also introducing new silver products and enforcing compliance measures, highlighting its dual role as a market facilitator and risk manager during turbulent times.
The vital Rafah border crossing between Gaza and Egypt has partially reopened after a prolonged closure, a key provision of the US-mediated ceasefire. The move allows for limited humanitarian movement under stringent security oversight by Israel and Egypt.
Sam and Ben Luhmann, homeschooled teenagers from Chicago, have become full-time documentarians of federal immigration operations in Minneapolis, joining a growing wave of citizen observers amid heightened tensions and controversial enforcement tactics.
At a Singapore aviation conference, FAA Administrator Bryan Bedford publicly accepted the NTSB's findings that agency failures contributed to a mid-air collision that claimed 67 lives, vowing to implement safety reforms.
Cross-chain protocol CrossCurve has been exploited for an estimated $3 million, with a critical smart contract flaw allowing unauthorized fund withdrawals across multiple blockchains. The incident renews scrutiny on bridge security and user protections in decentralized finance.
The Rafah border crossing between Gaza and Egypt reopened for pedestrian traffic Monday, ending a near two-year shutdown. The vital gateway, crucial for aid and movement, resumes under a complex new security framework involving Israeli oversight and international monitors.
