Author: Editor

After several years of deep distress, the beleaguered U.S. office market has reached an inflection point. This year, office conversions and demolitions will exceed new construction for the first time in at least 25 years.Simply put, more office space is being removed than added, shrinking the overall office footprint, according to exclusive new data from CBRE Group. The commercial real estate services firm has been tracking this since 2018, but estimates it may be the first time such a dynamic has played out this century, and likely longer.CBRE found that across the largest 58 U.S. markets, 23.3 million square feet…

Thomson Reuters announced its entry into the agentic AI arena with CoCounsel for tax, audit, and accounting professionals, touted as but the first step in a wider rework of its product line centered around the integrating of semi-autonomous agents. CoCounsel for tax, audit and accounting professionals is described as a vertical-specific AI agent designed for modern tax and accounting professionals. It automates work such as client review, memo drafting and compliance checks, and provides explainable outputs if people wonder how the bot came to the conclusions it did. By drawing on multiple sources of information it can also connect firm knowledge,…

PricewaterhouseCoopers’ troubles are now deepening in Hong Kong as the firm is wrestling with the consequences of its audits of China Evergrande Group.Over the coming month, at least 10 partners in the city are poised to leave, adding to the 20 that have already exited the firm in the past six months, according to people familiar with the matter. On the Chinese mainland, some 77 partners have left their roles since December, according to filings with the unified supervision platform of the Chinese CPA profession. Some of the partners are being let go because of business reasons while others are leaving…

Ticket holders on Governors Island, New York gather to watch SailGP races, Season 4, New York, Sunday 23rd June 2024.Katelyn Mulcahy for SailGPFans watching the New York races for international sailing league SailGP this weekend will have another reason to root for their favorite team.SailGP is working with gaming companies DraftKings in the United States and Bet365 internationally to let fans place bets on races, starting at the Mubadala New York Sail Grand Prix on June 7 and 8.”It’s a sport that’s naturally built for sports betting and gaming onsite in person at the events,” said SailGP chief revenue officer…

Stephen Curry is a two-time National Basketball Association Most Valuable Player, a four-time league champion and among the greatest shooters of all time.He also owns a media company, a bourbon brand, a golf league for kids and a philanthropic foundation that gives back to students in Oakland, California.Yet, even the Golden State Warriors star suffers from impostor syndrome.”I’m human,” Curry said in an interview for “Curry Inc.,” a CNBC Sport production centered on Curry’s career and business ambitions. “Like everybody, you have doubts about yourself, you have impostor syndrome at times.”Stephen Curry, #30 of the Golden State Warriors celebrates with…

In 2013, Stephen Curry shocked the sneaker world by signing with then-upstart athletic company Under Armour over basketball powerhouse Nike.At the time, Nike controlled the vast majority of the NBA sneaker market. Under Armour was virtually unheard of in the basketball space.”We’re the underdog brand. We’re for the ones that were maybe born not big enough or tall enough or fast enough, or strong enough, or smart enough or clever enough,” said Under Armour founder and CEO Kevin Plank.CNBC Sport’s documentary “Curry Inc.: The Business of Stephen Curry” will premiere on CNBC on Wednesday, June 4, at 9 p.m. ET.The…

Stephen Curry isn’t retiring from the National Basketball Association yet, but he’s already thinking about new career paths — including broadcasting, team ownership and playing on the PGA Tour Champions.The Golden State Warriors star spoke to CNBC Sport as part of “Curry Inc.: The Business of Stephen Curry,” a television production centered on Curry’s career and business ambitions.CNBC Sport’s documentary “Curry Inc.: The Business of Stephen Curry” will premiere on CNBC on Wednesday, June 4, at 9 p.m. ET.Curry, 37, already has one post-NBA job waiting for him. He’s the CEO of Thirty Ink, a mini-conglomerate of businesses including Unanimous…

Enjoy complimentary access to top ideas and insights — selected by our editors. The Internal Revenue Service, like other government agencies, is a target of thinning and deregulation under the Trump administration and the Department of Government Efficiency, formerly led by Elon Musk. With a new commissioner on the horizon, and everchanging guidelines, here are the latest moves from the IRS.A campaign to grant Immigration and Customs Enforcement agents access to tax records gained some ground in May, as Treasury Secretary Scott Bessent and Homeland Security Secretary Kristi Noem permitted the IRS to share taxpayer information under very limited circumstances. In…