Author: News Room

The US government investigations into a leak of highly classified Pentagon documents are starting to take shape, with the Pentagon examining how the leak impacts US national security and the Justice Department launching a criminal investigation into who may have been behind the breach. The interagency probe is being led by the Pentagon’s Office of Intelligence and Security, according to three US officials, and could take months to complete. It will chiefly examine whether any sources and methods have been compromised since the documents, many of which are marked Top Secret, were posted on a social media platform earlier this…

EY has called off the plan to break up its audit and consulting businesses after months of internal disagreement and opposition from executives in the US.The Big Four firm communicated the decision on Tuesday in a note to partners, which was seen by the Financial Times.The plan, code named Project Everest, was approved by EY’s global leadership in September and would have represented the biggest shake-up in the accounting industry in more than two decades.The note, which was signed by EY’s 18-person global executive committee, said it was committed to pursuing a different deal in the future.“The global executive remains…

Editor’s note: Seeking Alpha is proud to welcome Mazahir Bhagat as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Investment Case Interactive Brokers Group, Inc. (NASDAQ:IBKR) stands out as a promising investment opportunity among other brokers due to its impressive growth rate, with a target of about 30% long-term customer growth. The company’s emphasis on engineering and automation enables it to cater to customers worldwide, particularly those interested in trading US stocks. Compared…

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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Folks Finance, a leading DeFi project on Algorand, has launched the Liquid Governor Giveaway for anyone who wishes to join the rapidly growing Algorand ecosystem and try their luck at making the most of their liquid staking. The giveaway will last for 2 weeks: from April 11th till April 21st.By completing the quests on Folks Finance’s Zealy hub, users will be able to win some of the total prize of 15,000 gALGO tokens (minted 1:1 to ALGO tokens) plus an Akita Kennel Club NFT whitelisting, become Algorand…

Louis Vuitton, Chanel, Gucci, step aside. Resale clothing shoppers are bypassing previously-owned luxury brands at discounted prices in favor of scoring secondhand mid-tier brands for less. More affordable brands, such as Madewell, Zara, Urban Outfitters, Free People, Anthropologie, Abercrombie & Fitch and Levi’s are now the most popular brands with the best resale value, according to a new joint annual industry report from ThredUp, the world’s largest online thrift and consignment platform, and research and analytics firm GlobalData. Re-worn clothing is a fast-growing market overall that’s expected to reach $70 billion in sales by 2027, from sales of $44 billion…

This story is part of CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them to make the leap into the unknown.In early 2006, Peter Beck took a “rocket pilgrimage” to the U.S.The native New Zealander always dreamed of sending a rocket into space. He even skipped college because of it, taking an apprenticeship at a tools manufacturer so he could learn to work with his hands, tinkering with model rockets and propellants in his free time.By the time of his pilgrimage, he’d built a…

Check out the companies making headlines in midday trading.WW International – Shares of the WeightWatchers parent surged 48%. Goldman Sachs upgraded the diet company to a buy from neutral rating late Monday, saying shares could more than triple as WW International pushes into the obesity medication market.CarMax — The car retailer’s shares jumped 10% after it announced a beat on its earnings for the fourth quarter. CarMax posted earnings of 44 cents per share, while analysts polled by Refinitiv had anticipated 24 cents per share. Meanwhile, the company’s revenue of $5.72 billion missed analysts’ estimates of $6.04 billion.Mohawk Industries —…

Treasury Secretary Janet Yellen on Tuesday struck an optimistic tone about the state of the global economy, saying that it is faring better than many expected in the fall despite persistent inflation and recent turmoil within the banking sector.  “During the G20 [meeting] in February, I said that the global economy was in a better place than many predicted last fall. That basic picture remains largely unchanged,” Yellen said during remarks prepared for delivery at the start of the World Bank and International Monetary Fund’s spring meetings. The meetings come just weeks after the collapse of two regional lenders in the…

Tax Notes contributing editor Robert Goulder discusses the history of bank secrecy, Credit Suisse’s role in it, and the bank’s recent collapse. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: Can you keep a secret? Bank secrecy is once again in the spotlight with Credit Suisse getting new scrutiny after its recent dramatic collapse. In March, the U.S. Senate Finance Committee released a report about the bank’s violation of a plea deal related to tax evasion. However, this isn’t…