consumer services
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U.S. consumer sentiment falls in July as inflation expectations hit 13-year high
The numbers: The second and final reading of the University of Michigan’s consumer sentiment index fell to 81.2 in July…
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Consumers boost spending in June and spearhead U.S. economic recovery
The numbers: Freed from most Covid restrictions Americans spent liberally in June on travel, vacations and other services they shunned…
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Freshfields profit per partner gains to almost £2m in wake of Magic Circle pandemic boom
Freshfields Bruckhaus Deringer has become the latest major law firm to report a jump in revenue and profit as the City’s legal sector…
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Biden expected to outline requirement for federal workers to get vaccinated or face regular tests in latest push for U.S. vaccine program
President Joe Biden is expected to announce later Thursday a plan to require all federal employees to either get vaccinated…
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Ex-Lanistar staff allege bullying, sexism, and a ‘loser’s table’ for missing targets
Staff at celebrity-promoted fintech startup Lanistar were routinely sexually harassed and bullied over the past year, according to the accounts…
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Facebook blows past estimates, but warns growth will ‘decelerate’ in second half of year
Facebook Inc. is the latest tech giant to cash in on a surge in digital advertising, but worrisome guidance in…
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Robinhood asking for $35 billion valuation in its IPO: Here are the 5 most eye-popping disclosures from the filing
It’s been quite a run for Robinhood, the no-fee trading app targeting millennials that became the trading app for nearly…
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Adecco to Buy France’s AKKA Technologies in EUR2 Bln Deal
By Olivia Bugault Adecco Group AG said Wednesday that it will acquire engineering R&D services provider AKKA Technologies SE at…
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Nasdaq leads drop in stocks ahead of tech earnings, as major indexes pull back from records
U.S. stocks closed lower Tuesday, after a five day rally to record highs for the main indexes, ahead of quarterly…
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Feds sell one-of-a-kind Wu-Tang Clan album forfeited by ‘Pharma Bro’ Martin Shkreli
A one-of-a-kind Wu-Tang Clan album that had been owned by jailed pharmaceutical executive Martin Shkreli has been sold by the…
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Siemens CEO Roland Busch on combining the real and digital worlds
It has become a cliché to observe that the pandemic has accelerated existing trends across a wide range of industries.…
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U.S.-listed China education stocks tumble again as Beijing makes industry crackdown official
Beijing’s crackdown on education got Wall Street’s attention anew on Monday, with more downgrades for U.S.-listed shares as analysts tallied…
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$30bn merger between Aon and Willis Towers Watson axed
Aon and Willis Towers Watson said they have agreed to terminate their roughly $30bn deal and end litigation with the Justice Department, which alleged…
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The restructuring hiring rush is on, despite a flat market
An injection of private equity cash into the restructuring market via new spin-offs from Deloitte and KPMG has stoked frantic hiring…
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Battle for the Cloud, Once Amazon vs. Microsoft, Now Has Many Fronts
Many businesses have treated Amazon . com Inc. and Microsoft Corp. as the only options as they look to embrace…
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Brain Implant Lets Man ‘Speak’ After Being Silent for More Than a Decade
Researchers in California reported Wednesday that they had developed and successfully tested an experimental brain implant that translates brain signals…
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Home Depot Extends Google Cloud Deal
Home Depot Inc. is doubling down on cloud computing, as it looks to expand the array of digital tools that…
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KPMG slammed by watchdog for ‘unacceptable’ bank audit failures
Big Four accountancy firm KPMG has been criticised by the Financial Reporting Council for an “unacceptable” failure to improve its audits…
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Snap stock rockets after huge earnings beat, as revenue more than doubles
Snap Inc. saw revenue more than double in the latest quarter, easily topping expectations amid a continued rebound in the…
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Greensill had ‘extraordinarily privileged’ relationship with government, review finds
A review into Greensill Capital’s lobbying of politicians has found that former Morgan Stanley banker Lex Greensill “had a privileged –…
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Tumblr Introduces Paid Subscription Tool to Woo Younger Bloggers
Microblogging stalwart Tumblr on Wednesday began a test letting some users charge their followers a monthly fee in exchange for…
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Open for business: U.S. companies are reopening or forming at a frantic pace
The “chief business of the American people is business,” President Calvin Coolidge said almost a century ago. They are proving…
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10 software stocks with sales expected to increase up to 174% through 2023
Investors looking for bargains in an expensive stock market might be better off focusing on sales growth as an indicator,…
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Clifford Chance partner profit hits record £1.8m
Clifford Chance partners are set for their highest-ever pay day after the firm delivered a record final quarter to make…
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Greensill scandal spotlights risks of non-bank finance sector
The Greensill Capital scandal has shone a spotlight on the risks involved with non-bank firms spreading into areas of finance…
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IBM’s Revenue Rises for Second Straight Quarter
International Business Machines Corp. showed progress in delivering on Chief Executive Arvind Krishna’s commitment to revive growth, posting a second…
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Biden Administration Blames Hackers Tied to China for Microsoft Cyberattack Spree
WASHINGTON—The Biden administration publicly blamed hackers affiliated with China’s main intelligence service for a far-reaching cyberattack on Microsoft Corp. email…
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IBM stock gains after earnings show second consecutive quarter of sales growth
International Business Machines Corp. reported revenue growth for a second consecutive quarter Monday afternoon, beating expectations and sending shares higher…
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22 stocks, including Carnival and Zoom, that are down 30% or more from 52-week highs
(The initial version of this article featured an incorrect list. This has now been corrected.) You would think that with…
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PwC partners expect 19% profit share increase amid booming advisory market
Partners at PwC are set to take home a record profit share following a strong pandemic performance by the Big…
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Zoom to Buy Five9 in All-Stock Deal Valued at $14.7 Billion
Zoom Video Communications Inc., the videoconferencing service that became a household name globally during the pandemic, plans to parlay some…
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Paytm Parent Plans $2.2 Billion IPO in India
NEW DELHI—The company behind Indian mobile-payment app Paytm plans to raise up to $2.2 billion through one of India’s largest-ever…
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3-D Printing Company Fathom Reaches $1.4 Billion SPAC Deal to Go Public
Fathom Digital Manufacturing Corp. is combining with a special-purpose acquisition company to go public in a deal that values the…
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The Novel Material That’s Shrinking Phone Chargers, Powering Up Electric Cars, and Making 5G Possible
If you’re reading this on a screen, it’s likely you’re literally staring at the future. Present in most LED screens,…
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Law firm Charles Russell Speechlys pursues celebrity fintech Lanistar over unpaid debt
Celebrity fintech Lanistar is being pursued by a law firm over an unpaid debt, marking the latest blow in a series…
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PwC plans $12bn investment for 100,000 new jobs to boost ESG expertise for clients
Big Four accountancy firm PwC has said it will invest $12bn to create 100,000 new jobs globally over the next…
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KPMG delays hybrid working plans after ‘Freedom Day’ postponement
KPMG has pushed back plans to launch a new hybrid working regime for its UK staff following the announcement by…
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Linklaters hits back at sexual harassment claims as employment tribunal begins
A barrister representing City law firm Linklaters and one of its former senior staff members has denied accusations at an…
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Former Deloitte boss set to chair Starling Bank
Former Deloitte UK chief executive David Sproul is set to become the new chairman of challenger bank Starling. Sproul, who…
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U.S. consumer sentiment sentiment falls to 6-month low amid record inflation concerns
The numbers: A preliminary reading of the University of Michigan’s index of consumer sentiment fell to 80.8 in July from…
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Linklaters appoints finance head as new firmwide managing partner
Magic Circle law firm Linklaters has appointed its head of finance Paul Lewis as its new managing partner. Lewis will…
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Bitcoin scam ads run rampant as UK watchdogs battle marketing fraud
Bitcoin is the most popular way for online scammers to target Brits with fraudulent marketing, exclusive new figures show. Approximately 95%…
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FCA to warn investors of cryptocurrency risks in £11m marketing campaign
The Financial Conduct Authority is spending £11m on a digital marketing campaign to warn investors over the risks of putting…
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KPMG UK books £115m profit from pensions business sale
KPMG UK made £115m from the sale of its pension business in a private equity-backed management buyout last year, latest accounts…
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These big tech stocks, including Square and Tesla, are expected to show the best sales growth as the U.S. economy expands
You might be alarmed when you see headlines about the rising cost of living. But the increase in consumer prices…
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The cost of living posts biggest surge since 2008, U.S. CPI shows, as inflation spreads through economy
The numbers: The cost of living leaped in June by the largest amount since 2008 as inflation spread more broadly…
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Behind the deal: How Wise’s listing took UK markets by storm
It’s been almost a week since the launch of Wise’s shares on the London Stock Exchange, and the payments company is…
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Police open probe as three England players who missed penalties in loss to Italy face racist abuse
LONDON (AP) — British police opened investigations Monday into the racist abuse of three Black players who missed penalties in…
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TikTok owner ditched IPO plans on Chinese regulators’ data security fears
ByteDance, the Chinese owner of popular short-video app TikTok, put on hold indefinitely its intentions to list offshore earlier this…
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‘The language of consumer debt is rife with moral undertones’: Read MarketWatch’s new ‘Extra Credit’ column
Hello and welcome to Extra Credit, a weekly look at the news through the lens of consumer debt. Your monthly…
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