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FRC blasted over ‘joke’ sanctions for junior KPMG staffer in Carillion case
Junior accountants have criticised the audit regulator for its “harsh” pursuit of ex-KPMG junior Pratik Paw, who is facing a…
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Magic Circle’s record partner numbers show push to keep stars: ‘Good people could get poached away’
London’s Magic Circle law firms have promoted record numbers of partners in 2022, amid surging demand for legal services and…
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Clifford Chance boosts junior lawyers’ pay to £125,000
Magic Circle law firm Clifford Chance has raised its pay for freshly qualified lawyers to £125,000 per year. The firm…
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Davos throws up wardrobe challenges as leaders descend on a warmer WEF
As chief executives, world leaders and billionaires converge in the Swiss Alps for the first World Economic Forum annual gathering…
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SEC set to probe auditors’ fastest-growing businesses
When the two top executives of a hot electric-vehicle startup made share purchases that later drew scrutiny, they were helped…
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Cisco stock heads for worst day in more than a decade as China shutdown blamed for poor outlook
Cisco Systems Inc. shares were on track for their worst day in more than a decade Thursday, as analysts voiced…
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Senate votes against advancing $48 billion aid package for restaurants, other businesses
The Senate on Thursday voted against a motion to proceed on a $48 billion aid package aimed at restaurants, gyms,…
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IRS audit rates keep dropping — especially for the 1%
No matter the size of a household’s budget, the increasingly short-staffed and cash-strapped Internal Revenue Service has been conducting fewer…
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MicroStrategy Won’t Change Bitcoin Plans Despite Recent Declines, New CFO Says
MicroStrategy Inc.’s new chief financial officer on Wednesday said its strategy to buy and hold bitcoin long term won’t change…
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AMC discloses large passive investment in National CineMedia
Shares of National CineMedia Inc. soared Wednesday, after movie theater operator AMC Entertainment Holdings Inc. disclosed that it acquired a…
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U.S. Soccer Federation reaches milestone equal-pay pact with men’s and women’s national teams
The U.S. Soccer Federation reached milestone agreements to pay its men’s and women’s teams equally, making the American national governing…
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Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse
Wall Street’s in an unusually bullish mood Tuesday morning. Tim Holland, chief investment officer at Orion Advisor Solutions, argues the…
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Which of Buffett’s bank stocks might make you the most money?
This is the time of the quarter when investors get to see what changes Warren Buffett and the management team…
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Anthem Looks to Fuel AI Efforts With Petabytes of Synthetic Data
Anthem Inc.’s chief information officer says he is working with Alphabet Inc.’s Google Cloud to create a synthetic data platform…
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U.S. retail sales climb in April in a sign economy still has vigor
The numbers: Sales at U.S. retailers rose a solid 0.9% in April and signaled the economy still has plenty of…
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Dow jumps over 300 points after retail sales data as investors await Fed’s Powell
U.S. stocks were in bounce mode Tuesday as retail sales for April suggested the economy remained healthy and investors awaited…
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KPMG fined £14m and ex-partner faces 15-year ban over forging documents in Carillion probe
KPMG is set to receive a £14.4m fine and one of its ex-partners is facing a 15-year ban from the…
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How Warren Buffett made the stock market selloff work for Berkshire Hathaway
The stock market’s selloff has been bad news for most investors. Not for Warren Buffett and his team. Buffett’s Berkshire…
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Marriott Rolls Out Media Network That Lets Brands Reach Travelers on Its Apps and TV Screens
Marriott International Inc. is introducing a media network this month with Yahoo Inc. that will help advertisers target consumers, in…
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KPMG and former staff face ‘serious regulatory sanctions’ over misleading Carillion probe
KPMG and multiple former staff members are facing “serious regulatory sanctions” over their engagement in a conspiracy to mislead inspectors…
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Trading Places: Magic Circle’s record promotions, banks poach for ESG and private markets
The City’s banks and professional services firms had another busy week on the hiring front, trying to cash in on…
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An inventory crunch is making life impossible for home buyers. Our interactive map can help you track the availability of houses for sale near you.
When Irene Wharton started house hunting in El Paso, Tex., early last year, she had some firm ideas about what…
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Businesses Seek to Soften SEC Cyber Rules
Companies including Chevron Corp. , Quest Diagnostics Inc. and Ernst & Young LLP are pushing to narrow proposed cybersecurity rules…
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Moderna CFO out after two days in the role as former employer Dentsply discloses probe of financial reporting
Moderna Inc. surprised investors Wednesday with the news that its chief financial officer has departed the company just two days…
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Siemens Energy 2Q Net Loss EUR252M
By Giulia Petroni Siemens Energy AG said Wednesday that its loss widened in the second quarter of its fiscal year,…
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Linklaters rolls out global menopause policy for staff
Law firm Linklaters has set out a global menopause policy to provide support for employees going through it, raise awareness…
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Here’s a list of 50 companies that are well-armed to beat back inflation
Another turnaround Tuesday may be in the cards after a litany of concerns including stagflation dragged the S&P 500 SPX,…
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KPMG UK hikes staff pay — salaries boosted between £2,000 and £4,000
KPMG UK has given all of its staff overnight pay rises of between £2,000 and £4,000. The firm’s chief executive…
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KPMG UK to double size of legal arm amid investment spree
KPMG UK is set to double the size of its legal services arm over the next three years amid a…
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UK bans Russia work for consultants, accountants
The UK is banning the export of services such as accountancy, public relations and management consultancy to Russia, UK foreign…
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Digital-Advertising Giants Are Coming Back to Earth After Pandemic Boom
The supercharged advertising growth that some of the world’s largest technology companies reported during the pandemic is decelerating. A round…
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WSJ News Exclusive | Ad-Tech Firms Didn’t Sound Alarm on False Information in Gannett’s Ad Auctions
At least 15 advertising-technology companies had sufficient information to detect that publisher Gannett Co. GCI -0.61% provided inaccurate data to…
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Banks’ post-Brexit ‘desk-mapping’ review will end up being a damp squib, City predicts, as finish line nears
A major review into how UK banks structure their operations in the EU after Brexit could end in an anticlimax,…
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Browder calls on UK to ban travel for US ‘enablers of Putin’
Hedge-fund founder Bill Browder says he plans to pressure British MPs and the UK government to take action against lawyers in the US…
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Coachella for Capitalists: Why bitcoin topped the bill at Berkshire Hathaway’s AGM
It’s been called the Woodstock of Capitalism, Coachella for Capitalists, and a whole lot worse too. What’s for certain is that Berkshire…
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UK advertising watchdog mulls calling out HSBC for greenwashing
The UK advertising watchdog is considering whether to warn HSBC that several of the bank’s climate-related adverts are “misleading”. A draft Advertising…
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EY hit with £2bn lawsuit over NMC Health audits
Big Four auditor EY has been hit with a lawsuit by the administrators of collapsed FTSE-100 healthcare business NMC Health.…
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Warren Buffett and Charlie Munger hit out at bitcoin at Berkshire’s AGM but crypto fans are unmoved
Warren Buffett and Charlie Munger doubled down on their criticism of bitcoin at Berkshire Hathaway’s annual shareholders meeting on 30…
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Why Warren Buffett says markets are a ‘gambling parlour’
OMAHA, Nebraska — As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying.…
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Dow drops more than 700 points as S&P 500, Nasdaq head for worst month since March 2020
U.S. stocks were trading sharply lower Friday afternoon, as investors weighed fresh inflation data while technology-related stocks suffered after disappointing…
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‘So bad, it’s good.’ This beleaguered stock market has one big asset on its side, say strategists.
A rough month for stocks is drawing to a close, and many investors likely won’t be sad to see the…
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Consumer sentiment jumps on lower gas prices and more optimism about the U.S. economy
The numbers: The final survey of U.S. consumer sentiment in April slipped to 65.2, but it still marked the highest reading…
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U.S. inflation rate surges to 6.6%, PCE index shows, but prices might also be peaking
The numbers: The Federal Reserve’s preferred measure of inflation rose a sharp 0.9% in March, but the increase largely stemmed…
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Russia Sanctions Complicate Paying Ransomware Hackers
The nearly nonstop series of new U.S. sanctions being levied in a bid to halt Russia’s war machine have complicated…
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Economy shrinks 1.4% in first quarter, GDP shows, but mainly due to record U.S. trade deficit
The numbers: The U.S. economy shrank 1.4% in the first quarter on an annualized basis to mark the first drop…
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Clifford Chance promotes 37 lawyers to partner worldwide
Clifford Chance has promoted 37 lawyers to its partnership, a jump of more than 25% on its 2021 round, and…
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Hwang’s Archegos deceived Wall Street firms, federal government says
One of the biggest Wall Street cases in years was brought Wednesday — essentially, over duping Wall Street firms. The…
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KPMG ties up with VC adviser Acceleris as it embarks on investment spree
KPMG UK signed a joint venture with venture capital adviser Acceleris in what the audit firm’s boss Jon Holt said is…
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Pentagon Taps Lyft’s Machine-Learning Chief
The Defense Department has named a Silicon Valley veteran to fast-track the development of artificial-intelligence capabilities to be used by…
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Alphabet sales and earnings fall just short of estimates, stock dips
Largely defying a macroeconomic, geopolitical and technological maelstrom that has gutted other companies’ earnings, Google parent Alphabet Inc. on Tuesday…
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