Inflation Surge Adds to Pressure on Fed
The Federal Reserve's preferred inflation metric rose 4.1% in October, the biggest jump since January 1991.
Banking Regulators Planning Crypto Guidance
The agencies will clarify "whether certain activities related to crypto-assets conducted by banking organizations are legally permissible."
AmEx Fires Workers Over Payments Sales Pitches
Reps made inappropriate sales pitches to business customers about the tax benefits of using AmEx's wire payment services.
Ex-ProPetro CEO Fined Over Undisclosed Perks
The SEC says ProPetro and former CEO Dale Redman failed to disclose it had reimbursed him for more than $400,000 in personal and travel expenses.
Authentic Brands Stays Private With PE Deal
The brand developer is selling "significant" stakes to two private-equity firms and shelving its plans for an IPO.
McKinsey Fined $18M Over Compliance Failures
The SEC says the consulting firm failed to set appropriate boundaries between its consultants and an affiliate that makes investments for them.
Build Back Better Would Raise Deficit, CBO Says
With the CBO's earlier estimate of savings from tighter IRS enforcement, the legislation would boost the deficit by only $160 billion.
FTC Has ‘Concerns’ About Nvidia Deal to Buy Arm
The FTC's scrutiny comes amid "opposition from some big American tech companies that worry Nvidia will limit their access to Arm’s chip designs."
Frank D’Amelio to Step Down as Pfizer CFO
During his 14-year tenure, D'Amelio played a key role in transforming Pfizer into "an industry leading, science-based biopharmaceutical company."
SEC Enforcement Activity Drops 15% in 2021
The decline in actions against public companies and subsidiaries reflects the continuing impact of the pandemic and the change of leadership at the SEC.
Expensify Shares Pop 52% in Market Debut
The software firm joined “the growing roster of technology companies that have cashed in on high investor appetite for tech stocks."