All posts by: r4ibom

‘We believed in good faith that this smart young man would be successful and keep his word.’

Bulls are convinced the American consumer — and the stock market — are going to be fine, even if politicians fail to approve another round of fiscal stimulus before next month’s elections. But some economists see consumption taking a big hit after a robust third quarter.

EY missed red flags or failed to aggressively pursue them at some of the companies ahead of their scandals, and for the most part it was outsiders who raised questions first, a review based on publicly available documents and interviews with people close to the events shows. Now, regulators are scrutinizing EY’s work.

Chinese government officials are warning their American counterparts they may detain U.S. nationals in China in response to the Justice Department’s prosecution of Chinese military-affiliated scholars, according to people familiar with the matter.