Deloitte is exploring a plan to split its global audit and consulting practices, following an effort by fellow Big Four accounting firm Ernst & Young to potentially spin off its consulting arm, according to people familiar with the…
Seven years after heavy losses shuttered his hedge fund,
Mike Novogratz
was in his SoHo office watching his computer screen flicker prices of cryptocurrencies, his new favorite investments. They were all…
Peloton Interactive Inc. recorded its biggest quarterly loss as a public company and said it raised $750 million to help sustain the business amid mounting losses and weaker demand for its pandemic-popular bikes and treadmills.Chief…
Companies are facing more stringent environmental, social and governance requirements leading into proxy season.The Securities and Exchange Commission recently proposed new rules that would require public companies to provide information to…
WASHINGTON—Top world financial officials gathered in Washington this past week confronted a grim picture of the growing economic costs of Russia’s war in Ukraine and the challenges they face to help pay Ukraine’s short- and long-term…
A shareholder is suing
Rivian Automotive Inc.,
RIVN 5.40%
alleging the electric-vehicle startup misled investors by failing to disclose it had underpriced its…
WASHINGTON—A coalition of large multinational companies has launched a late lobbying blitz to delay a tax increase on foreign earnings in the Build Back Better plan, saying it would hurt U.S. businesses when they compete with foreign…
Robinhood Markets Inc. priced its initial public offering at $38 a share, at the low end of expectations, after the popular trading platform met tepid demand for its highly anticipated debut.
The price chosen by the…
In the final days before Didi Global Inc. went public late last month on the New York Stock Exchange, a disconnect developed between what the Chinese ride-hailing giant was telling its U.S. bankers and what was happening with…