News

The Economy

U.S. Economy Shakes off Virus, Surges 6.4%

“We’re at the opening stages of what could be a very strong six to nine months for the U.S. economy as it emerges from the pandemic."
Regulation

New SEC Enforcement Chief Alex Oh Resigns

Oh's resignation after only a few days on the job followed a judge's ruling in a case in which she represented ExxonMobil.
M&A

Thoma Bravo to Buy Proofpoint for $12.3B

The private equity giant is making its biggest bet on cloud software amid forecasts of rapid growth in the security-as-a-service market.
The Economy

U.S. Factory Orders Climb 0.5% in March

"The response of capital spending to the COVID pandemic is encouraging for the outlook for 2021."
Credit

Equipment Finance Borrowings Jump 4% in March

“We are starting to see pent-up demand for goods and services leading to expanded capital budgets for equipment to produce it."
Mobile

Apple, Google Take Flak Over App Platforms

A witness at a Senate hearing compared the companies' control over their platforms to the "behavior of the robber barons."
People

Boeing CFO Smith to Retire After 10 Years

The 30-year Boeing veteran helped guide the company through the twin crises of the 737 Max grounding and the coronavirus pandemic.
Regulation

Ex-Goldman Analyst Barred for Insider Trading

FINRA says Brian Maguire traded shares in two companies after learning that a colleague was upgrading his recommendation on the firms.
Regulation

House OKs Bill to Make Weed Banking Legal

The law is "an important step" toward allowing banks to serve legal cannabis and cannabis-related businesses.
The Economy

Business Inventories Increase 0.5% in February

February’s gain in the GDP component, which was in line with economists’ expectations, followed a 0.4% advance in January.
Human Capital Management

Uber to Switch to ‘Hybrid’ Work Model in September

The combination of in-person and remote work "will give people the freedom to do their best work while staying connected to their colleagues."
The Cloud

Tipalti Buys Approve.com to Boost AP Automation

Tipalti said the deal would enable it to offer automation of the entire accounts payable cycle from procurement through to payment.
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