Articles by admin

(Bloomberg) — Accounting firm Ernst & Young was sued over its work for Wirecard AG, just two days after Wirecard’s headquarters were raided as part of a market manipulation probe.The German lawsuit alleges that EY failed to flag that 1 billion euros ($1.1 billion) in assets were improperly booked on the payment processor’s 2018 accounts, Wolfgang Schirp, a lawyer for private investors, said in a statement on Monday.The suit adds to a list of criticism over EY’s work, which peaked Friday with a London judge slamming the firm for its treatment of a whistle-blower during a trial that ended earlier …read more […]

(Bloomberg) — Morgan Stanley strategists added a bet on a steeper Treasury yield curve, seeing the potential for a “regime shift” in the wake of a rapidly improving U.S. economy.“In the blink of an eye, that seems about how quickly the economic narrative has tilted in favor of a V-shaped recovery versus a slow and prolonged one,” Guneet Dhingra, head of U.S. interest-rates strategy in New York, wrote in a June 5 note. History suggests that, after a period when 30-year yields led longer-dated rates higher, it’s time for 10-year rates to become the key driver, he wrote.The bank added …read more […]

As New York city reopens Monday, California and some other states see coronavirus cases rise; a new poll reveals partisan divides over the pandemic; Brazil, a global hotspot for the virus, stops reporting coronavirus numbers. WSJ’s Shelby Holliday has the latest. Photo: Richard Vogel/AP …read more […]

The largest protests following the killing of George Floyd remained mostly peaceful this weekend; Minneapolis city council members agreed to begin the disbanding of the police department; in Seattle, a man drove a car into a crowd and shot a protester. Photo: Lindsey Wasson/Reuters …read more […]

It was a dark, moonless night… the final few hours of a chilly Veteran’s Day.
The warden was parked on the side of the dusty dirt road. His window was rolled down, and the radio was off. The 31-year-old officer inside sat quietly, listening.
Around 11:30, he heard what he was waiting for.
A single gunshot. A drunken poacher had just put his pistol out of the window of his truck and shot a deer.
The warden did his job.
He fired up his rig and found the shooter.
Under the strobing red and blue lights, he could see two men in the truck. He radioed …read more […]

Louisiana governor declared a state of emergency as Tropical Storm Cristobal came ashore Sunday. The storm is hampering some coronavirus efforts in the state while reducing oil production by about one-third in the Gulf of Mexico. Photo: Gerald Herbert/Associated Press …read more […]

Top news and what to watch in the markets on Monday, June 8, 2020. …read more […]