US regulators have started inspecting China-based audits, kicking off a monthslong process that will determine whether companies from Alibaba BABA -1.09% Group Holding Ltd. two Yum China YUMC -2.94% Holdings Inc. can remain listed on American stock exchanges. The inspection, which is set to last eight to 10 weeks in Hong Kong, would allow the … Read more
The pending split at EY, one of the world’s biggest accounting firms and firmly among the Big Four, is proving to be a much more complicated move, dragging out the timetable for negotiations amid prickly internal discussions about finding the best deal for partners worldwide. The move, which would separate consulting from audit work amid … Read more
A Petro China gas station in Hong Kong, Aug. 15. Photo: Jerome Favre/Shutterstock Anyone who has dealt with Chinese authorities knows that serious negotiation starts only after an agreement is signed. Hong Kong learned this lesson the hard way in the decades after the 1984 Sino-British Joint Declaration. Now it’s America’s turn. This week Chinese … Read more
Peloton’s sales have plunged and costs connected with its turnaround effort have surged. Photo: Bess Adler for The Wall Street Journal Updated Aug. 30, 2022 10:33 am ET Peloton Interactive Inc. PTON -5.54% said it needs to delay filing its annual report with securities regulators, the latest setback for the maker of internet-connected-fitness equipment. Peloton … Read more
(Stefon Walters) Dividends are payouts to shareholders from a company’s profits. Growth stocks and younger companies typically don’t pay out dividends because they need to reinvest profits to continue growing at a high rate. However, once a company reaches a certain size, its room for high growth typically decreases, so companies will pay out dividends … Read more
Vinny Zane has a taste for life — and an appetite for risk. The 38-year-old teacher and father of a 2-year-old son on Brooklyn’s Coney Island got into crypto in 2017 with $4,000 worth of Bitcoin, and jumped into NFTs, or non-fungible tokens, last year. “It was a learning curve for me,” he told MarketWatch. … Read more