In the latest blow for the London Stock Exchange, U.S. private equity firm Thoma Bravo snaps up British cybersecurity star Darktrace for $5 billion

aol.com It’s been one blow after another for the London Stock Exchange—this time, it’s a private equity deal for the U.K. cybersecurity firm Darktrace. The Cambridge-based company…

Thoma Bravo scoops up Darktrace for $5.3B on second try

theregister.com Private equity investor Thoma Bravo has successfully completed a second acquisition attempt of UK-based cybersecurity company Darktrace in a $5.3 billion deal. Thoma Bravo,…

Stock market today: Alphabet and Microsoft push Wall Street toward its first winning week in a month

abcnews.go.com Alphabet and Microsoft are leading the U.S. stock market toward its first winning week in the last four NEW YORK -- NEW YORK (AP) — Alphabet and Microsoft are leading the…

In the latest blow to the London Stock Exchange, U.S. private equity firm Thoma Bravo snaps up British cybersecurity star Darktrace in $5 billion deal

fortune.com It’s been one blow after another for the London Stock Exchange—this time, it’s a private equity deal for the U.K.-based cybersecurity firm Darktrace. The Cambridge-based…

The economy seems weaker than advertised, and inflation is still running hot

finance.yahoo.com Economists were thrown for a loop on Thursday after new data revealed evidence of persistent inflation and a growth downshift in the U.S. Real gross domestic product (GDP)…

Stock Market Crash Alert: Q1 GDP Sounds Stagflation Alarm Bells

investorplace.com GDP growth cut in half in Q1 to lowest level since 2022 “Stagflation” is the word of the day after a shockingly disappointing first-quarter gross domestic product ( )…

The economy seems weaker than advertised and inflation is still running hot

fortune.com Economists were thrown for a loop on Thursday after new data revealed evidence of persistent inflation and a growth downshift in the U.S. Real gross domestic product (GDP)…

US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates

bostonherald.com The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending…

High interest rates catch up to economic growth as GDP slows dramatically to 1.6%

fortune.com The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending…

The US economy started the year much slower than expected

businessinsider.com Allen J. Schaben / Los Angeles Times via Getty Images US real GDP rose at an annualized rate of 1.6% in the first quarter. That's far below the 3.4% increase in last year's…

Volkswagen electric car sales plunge: Why are Europeans returning to petrol?

euronews.com Sales of Volkswagen electric vehicles in Europe fell by almost a quarter in the first three months of the year as consumers returned to petrol. The company said in its…

GDP Report: What to Expect in the First-Quarter Report

barrons.com Almost every indicator, from employment and income to business activity and retail sales, has painted a picture of a resilient U.S. economy over the past three months. But…

The Economy Looks Strong. It's on Track to Keep Growing

barrons.com The Economy Looks Strong. It's on Track to Keep Growing—Just Not as Fast. Almost every indicator, from employment and income to business activity and retail sales, has…

Pharmaceutical giant Bayer’s manager cull will likely affect thousands of bosses

aol.com In a bid to claw back $2.15 billion in costs, the chief executive of struggling pharmaceutical giant Bayer announced in early April that the company was eliminating middle…

Pharmaceutical giant Bayer's manager cull will likely affect thousands of bosses

fortune.com In a bid to claw back $2.15 billion in costs, the chief executive of struggling pharmaceutical giant Bayer announced in early April that the company was eliminating middle…

Have McKinsey and its consulting rivals got too big?

economist.com AN ANONYMOUS MEMO briefly circled the web in March. The authors, who claimed to be former partners at McKinsey, rebuked the illustrious strategy consultancy for its pursuit…

Demand is soaring for capitalism’s emergency surgeons

economist.com With stockmarkets on a tear and the global economy surprisingly buoyant, plenty of pundits are regretting gloomy warnings of tough times ahead for businesses and investors.…

Is the bull market about to turn into a bubble?

economist.com Two years ago, pretty much everyone agreed that one of the great bubbles was bursting. An era of rock-bottom interest rates was coming to a close, shaking the foundations of…

Healthy Returns: Biotech IPOs ramped up to start 2024, but the market hasn't fully recovered just yet

cnbc.com Think a friend or colleague should be getting this newsletter? Share this link with them to sign up. Good morning! After a two-year dry spell, initial public offerings by…

Altair Kicks Off Season Five of the Future Says Podcast

benzinga.com Covering an array of topics and trends, podcast's fifth season features guests from, McKinsey & Co., Hyatt, Nokia, John Deere, EY, and more. TROY, Mich., April 23, 2024…

Wirecard shareholders suing audit giant EY over asset-stripping claims

euronews.com Wirecard shareholders are accusing EY Germany, part of one of the world's biggest audit firms, of taking steps to protect its lucrative non-audit business from being used…

Why Americans won't do the one thing that would bring down high prices

businessinsider.com We've all been there: staring down the price of a plane ticket, a new shirt, or a bag of chips and thinking angrily to ourselves, "Jesus Christ, this did not use to cost…

EY Launches Ethereum-Based OpsChain Contract Manager for Business Contracts

cryptopotato.com Ernst & Young (EY) has launched OpsChain Contract Manager (OCM), an Ethereum solution that leverages zero-knowledge proofs technology. The solution will help private…

What it's like to work at Deloitte, PwC, KPMG, and EY: pay, perks and RTO policies

businessinsider.com PwC's London offices. Jack Taylor/Getty Images The "Big Four" are the world's largest accounting and consulting firms. They're known for paying high salaries — but all have…

‘I want to be like bitcoin jesus’: Court documents reveal how the Quadriga crypto scandal unfolded

theglobeandmail.com In 2014, Gerald Cotten and Michael Patryn had a discussion about how they could squeeze the most money out of their new company, a cryptocurrency exchange called QuadrigaCX.…

German Agency Criticizes EY’s Audits of Wirecard

pymnts.com A German regulator has reportedly concluded that EY’s audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated”…

US ‘Pressured’ Mexico to Reel Back China EV-Maker Incentives

asiafinancial.com Mexico is reportedly holding off offering Chinese automakers incentives to ship its vehicles into the country because of pressure from the US. The central American country’s…

EY launches new blockchain solution to manage business contracts on Ethereum

cryptobriefing.com EY has launched a new blockchain-based contract management tool, EY OpsChain Contract Manager (OCM), on the Ethereum public chain. The OCM is designed to help businesses…

Ernst & Young taps ZK-proofs on Ethereum to automate contracts

cointelegraph.com EY said it chose Ethereum instead of a private network as it is cheaper, more confidential and prevents a party from gaining a “strategic advantage” over another.

Top 4 accounting firm turns to Ethereum for blockchain-based business contracts

cryptoslate.com Big Four accounting firm Ernst & Young (EY) unveiled its new service for managing enterprise contracts via blockchain technology called OpsChain Contract Manager (OCM) on…

Ernst & Young Adopts Polygon PoS for Contract Management Service

coingape.com Ernst & Young (EY), one of the leading global accounting firms, has announced a major step forward in enterprise contract management by leveraging blockchain technology. The…

‘Big Four’ accounting firm EY to use Polygon PoS for business contracts

blockworks.co Ernst & Young revealed an enterprise contract management service that would let clients put contracts on a public blockchain while keeping business information private…

ASAPP Unveils GenerativeAgent™, A Generative AI Application Capable of Fully Automating Contact Center Interactions

benzinga.com NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- , the generative AI company for contact centers, today unveiled GenerativeAgent, a generative AI product designed to automate…

Dept. of Homeland Security embraces AI and other federal agencies are likely to follow

cnbc.com When the White House issued an executive order last October to promote safe and responsible development and use of artificial intelligence in the federal government, one of…

EY Launches Ethereum-Based Blockchain Tool to Simplify Business Agreements

cryptonews.com Accounting firm EY launched an Ethereum-based blockchain solution on Wednesday. It aims to help businesses execute complex agreements, reduce costs, and maintain security.…

Analysis-Painful high rates wake-up call threatens global markets

finance.yahoo.com Fear that interest rates in major economies will stay relatively high is creeping back and threatens a painful wake-up call for financial markets, big investors warn. With…

Blackstone wants to plug hyperscale datacenter into former Britishvolt battery site

theregister.com US private equity investor Blackstone has plans for a £10 billion ($12.45 billion) hyperscale datacenter in northern England on a site formerly owned by battery startup…

UK Finance Taps R3 and Quant for Financial Technology Experimentation

financemagnates.com R3, an enterprise distributed ledger technology and services firm, along with Quant, has been designated to develop the technology prototype for the experimental phase of…