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The Latest Breaking News from EY

US Fed Expected To Cut Rates In Last Meeting Of Biden Era

The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's presidency.

International Business Times

Startup that went viral for 'firing stressed employees' claims it was stunt gone wrong

An Indian company says an email informing staff that admitted to burnout had been fired was in reality part of an elaborate ruse to raise awareness over workplace stress.

Fortune

Agency overseeing $368bn Aukus deal in morale crisis paid consultancy $9.5m for management advice

Exclusive: Australian Submarine Agency’s ten-month contract with McKinsey says it’ll deliver skills ‘currently unavailable’ within government department

The Guardian - AU

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Super Micro needs a new CFO after an accounting scandal. Who should apply?

The company says an investigation finds no evidence of fraud.

Fortune

Super Micro whistleblower doubles down on claim he was fired for complaining about accounting practices at the $20 billion tech giant

The company has denied allegations of improprieties and has given its accounting a clean bill of health.

Fortune

S&P, Nasdaq Settle At Record Highs As Tesla, SMCI Surge: Fear Index Remains In 'Greed' Zone

The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index remained in the “Greed” zone on Monday.

Benzinga

Super Micro's stock price surges after key ruling

A special committee has weighed in on allegations against the AI-server maker.

The Street

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Wall Street eyes M&A revival if new Trump administration ushers in lower rates, looser scrutiny

Wall Street is betting corporate dealmaking could bounce back next year if the new Trump administration ushers in lower interest rates and looser regulatory scrutiny

The Independent UK

Marc Andreessen doesn't want to see anyone's 'whole self' at work: 'Act like a professional and a grown-up'

It comes as a number of workplaces, like Meta and EY, have come down hard on staffers they feel aren’t acting professionally.

Fortune

Foreign bosses starting to query investing company cash in France, says report

International tycoons are having second thoughts about investing in France mainly due to the country's political instability, says a new survey of 200 managers of foreign-owned companies.

Radio France Internationale

Arsenal: New report reveals Gunners' major economic and social impact in London

Ernst & Young study details extent of the club’s value in the capital and beyond

Evening Standard

Exclusive: Manufacturing startup Keychain raises $15 million in Series A funds, including from the maker of iconic breakfast cereals

Keychain is an online platform that connects food and beverage brands to manufacturers.

Fortune

One of Britain’s best-known tea brands on brink of collapse

It is one of Britain’s best-known tea brands

The Independent UK

Typhoo Tea on brink of collapse, with more than 100 jobs at risk

Tea company filed court notice to appoint administrators after years of declining sales and a costly break-in at its Merseyside factory.

Evening Standard

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Fortune

It’s still hurricane season—Here’s how managers can prepare their workplace for increasingly severe natural disasters

With climate change on the rise, employers need to figure out how to support employees after a natural disaster.

The Street

Analysts update Super Micro stock price target after shocking disclosures

Investment firm sees 'uphill battle' for the tech company's stock to stay listed.

Fortune

Inside Super Micro's wake-up call: After riding the AI wave, the $20 billion tech giant is crashing back to earth amid a financial crisis and family drama

Auditor Ernst & Young just walked out in the middle of auditing Charles Liang’s tech giant, but Super Micro disagrees with EY’s decision to quit.

The Street

Super Micro shares tumble following disturbing news

The AI server company makes an astonishing admission in a regulatory filing.

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Top News

Super Micro Computer Shares Plummet 30% After Accounting Firm Resigns

Super Micro Computer faces challenges as Ernst & Young resigns amid financial concerns. Company's shares drop 30%.

Investors Business Daily

Super Micro Computer Stock Plummets After Accounting Firm Resigns

Super Micro Computer stock plunged after the data center specialist revealed that its accounting firm had resigned over financial reporting concerns.

AAP

Australia's inflation down, but not out

There were few surprises in the inflation read-out, with economists broadly of the view underlying price pressures should keep the cash rate on hold until 2025.

Fortune

Data Sheet: Wait times can vary

They had to join a waitlist before receiving the promised AI-powered features.

Fortune

KPMG says the CPA qualification's '150-hour rule' needs to go

Educators often claim that accounting firms don’t pay enough to attract talent lured by lucrative salaries in other areas of business.

The Guardian - AU

Inflation may be about to hit a three-year low. Does that mean the cost-of-living crisis is over?

Not really, because CPI is just one factor. A better measure of how we’re faring is household disposable income

Evening Standard

UK economic growth forecasts downgraded for next two years – economists

EY Item Club’s latest quarterly economic forecast points towards 0.9% growth in 2024.

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People

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