Accounting & Tax
Credit & Capital
Risk & Compliance
U.S. Housing Starts Decline 7% in July
“As demand continues to overpower builders’ ability to keep up with new inventory, we will keep seeing a stressed housing market."
Walmart Is Hiring a Digital Currency and Cryptocurrency Product Lead
The executive will be in charge of identifying crypto-related investment and developing a digital asset strategy.
T-Mobile Confirms Hackers Accessed ‘Some Data’
“If claims that data for 100 million people have been hacked prove to be true, [the] breach will be among the largest carrier data breaches ever."
Spirit Slashes Guidance After Flight Disruptions
The carrier took a $50 million hit from the disruptions and expects an "additional $80 to $100 million of negative revenue impact" in Q3.
China Retail Sales Increase Only 8.5% in July
The Chinese economy's recovery from the pandemic is "losing steam as businesses grapple with higher costs and supply bottlenecks."
Census Shows Historic Decline in White Population
"The U.S. population is much more multiracial and more racially and ethnically diverse than what we have measured in the past."
Weather Catastrophes Drive Near-Record Insured Losses
Winter storms, intense heatwaves, and severe flooding triggered $40 billion of estimated losses in the first half of 2021.
Nikola Wins Research Grant From DOE
The announcement of the grant comes two weeks after Nikola founder Trevor Milton was charged with lying to investors.
Adidas Sells Reebok to Authentic Brands
Adidas restored Reebok to profitability but "was far less successful in building a brand that was able to capture the hearts and minds of consumers."
Crypto Hacker Returns Half of Stolen Assets
The theft from DeFi platform Poly Network "demonstrates that even if you can steal crypto assets, laundering them and cashing out is extremely difficult."
BitMEX Fined $100M in Latest Crypto Crackdown
U.S. regulators alleged the exchange traded digital assets without verifying customer identities and implementing an anti-money laundering program.
Small Business Optimism Declines in July
“Small business owners are losing confidence in the strength of the economy and expect a slowdown in job creation."
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