Latest Professional services News
A study says the global luxury goods market will shrink in 2025. Trump tariffs could make it worse
MILAN (AP) — Global sales of personal luxury goods are forecast to shrink in 2025 for the first time since the Great Recession, according to a Bain consultancy study released Wednesday. The outlook could worsen if the sector is hit by tariffs promised by Donald Trump. “This could...
Super Micro Computer's shares plunge 33% after server maker's accounting firm quits
NEW YORK (AP) — Shares of Super Micro Computer plunged 33% Wednesday after the server maker disclosed that Ernst & Young had resigned as its public accounting firm. According to a regulatory filing from Super Micro, EY resigned while conducting an audit for the tech company's...
China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande
HONG KONG (AP) — Chinese authorities have banned the accounting firm PwC for six months and fined it over 400 million yuan ($56.4 million) over its involvement in the audit of collapsed property developer Evergrande. The punishment is the heaviest yet for international accounting...
New Orleans is finally paying millions of dollars in decades-old legal judgments
NEW ORLEANS (AP) — Decades of unpaid money judgments owed by the city of New Orleans may finally be paid soon. New Orleans City Council on Thursday voted to make payments on a variety of legal judgments including wrecks that involved police cars and disputes over city contracts,...
