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EY Sheds U.S. Audit Clients in Response to Shortfalls
The accounting firm, which has led market share in U.S. public-company auditing for the past decade, had 84 companies depart since the start of 2023, at least 50 more than at each of its Big Four peers.
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Regulators May Not Like ‘Deepfakes,’ But Businesses Are Using Them Anyway
With AI regulation at an embryonic stage, companies are charting their own course in creating audio and video avatars, cognizant of the legal hazards. ‘It’s a minefield right now,’ says one executive.
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Olympus Partners Turns ‘Discipline’ Into Exit Windfall With Soliant Health Sale
The midmarket private-equity firm is making seven times its investment in sale of staffing company to Vistria Group.
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Data-Center Owners Get an Edge Over Big Tech Tenants, Finally
An artificial-intelligence land grab is lifting shares of the centers’ landlords, such as Equinix, after years of mediocre rent growth.
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BOJ Governor Reaffirms That Rate Hikes Are on the Table
Bank of Japan Gov. Kazuo Ueda said the central bank will continue to aim for more interest-rate increases if the economy and inflation grow in line with its projections.
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Oil Prices Rise Further, But Market Jitters Remain
Oil prices continued to rise after having staged a recovery in the previous session, breaking a four-day streak of declines which had pushed the market towards oversold territory, ING said.