An investigation into accounting misdeeds at Luckin Coffee Inc. has concluded that the company’s president knew, or should have known, about the fabricated transactions that inflated sales of the Chinese coffee chain last year, according to a person familiar with the affair. A report detailing the internal investigation also said …
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At the beginning of last week, the shares of Spotify Technology SPOT, + 4.86% took a hit when Guggenheim analyst Michael Morris cut stocks to sell, believing that “the market is now pricing stocks for blue sky growth, which has made the risk reward unattractive “ But that “blue sky …
Read More »The United States has recorded at least 120,168 new cases of coronavirus over the weekend of July 4. COVID-19, first identified in Wuhan, China in December, had infected 11,317,637 people worldwide and 2,852,807 in the US as of Sunday, up from 2,732,639 on Thursday by night before the long weekend, …
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BRUSSELS – Large tech companies, including Google parent Alphabet Inc., Amazon.com Inc. and Facebook Inc., face a series of proposed European regulations to curb their alleged anti-competitive behavior, forcing them to pay more taxes and forcing them to take more responsibility for illegal content on their platforms, said a senior …
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The United States received good news Thursday with the rehiring of 4.9 million people in June, but the economy’s two steps forward in May and June could be followed by a step backward in July. The problem? A resurgence in coronavirus cases, especially in states that allowed their economies to …
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