Author: Editor

Lots of people are angry at Jeff Bezos because of the massive cuts he’s ordered at his Washington Post. But a decade ago, Bezos was widely celebrated for his ownership of the Post, which he had bought for $250 million in 2013.Under Bezos’ ownership, the Post made huge investments in tech and staff. And readers loved the results — especially during the first Trump era, when the paper turned profitable.Now things are very different: The Post says it has been losing gobs of money for the past few years, and Bezos has made a series of moves interpreted as a…

The American Institute of CPAs’ Auditing Standards Board will soon be proposing a set of updates to its attestation standards to address sustainability information and other emerging assurance issues.Processing ContentThe ASB plans to post an exposure draft online on Feb. 26 and solicit feedback on the proposed changes, the AICPA announced Thursday. The length of the comment period will be determined later, but it’s expected to last at least 120 days once the document is posted. The proposed updates will deal with newer areas of assurance that go beyond traditional auditing services, such as sustainability (and may eventually also include assurance…

Turkey hired Ernst & Young LLP to lead a multibillion-dollar privatization of two landmark Istanbul bridges and a string of highways, according to people familiar with the matter.Processing ContentThe London-based firm will advise the government on the sale of operating rights to the 15 July Martyrs and Fatih Sultan Mehmet bridges — which connect Istanbul’s European and Asian halves — as well as at least nine toll roads, the people said, speaking on condition of anonymity as the details of the deal are private.Turkey also appointed Canada-based BTY Group as a technical adviser to the sale and plans to launch…

KNAV Advisory acquired Affiniax Group, an assurance and advisory firm based in the United Arab Emirates, expanding its presence in the Middle East, effective Jan. 1, 2026.Processing ContentThe transaction combines Affiniax’s established local operations with KNAV’s international network and systems. Affiniax, headquartered in Dubai, will continue operating under its current leadership team. Both KNAV and Affiniax are member firms of Allinial Global. Terms of the deal were not disclosed.”Our investment in the UAE reflects KNAV’s continued focus on building scale in key international markets as an integrated, seamless, high-quality service provider,” KNAV Advisory CEO Nishta Sharma said in a statement.…

Tax and software provider Ryan acquired Meritax Advisors, expanding Ryan’s property tax capabilities.Processing ContentFounded in 1995, Mertiax Advisors is a commercial property tax consulting firm with offices in Frisco and Austin, Texas. It offers property tax appeals and valuation analysis; property tax budgeting, forecasting and due diligence; litigation support and coordination with legal counsel; and compliance and property tax administration. The firm has tens of billions of dollars in assessed value for clients across Texas and beyond.  “With Meritax Advisors joining Ryan, we’re adding a disciplined, client-focused team with deep knowledge of the Texas property tax landscape,” Damon Chronis, president…

Money is pouring in for workers impacted by Wednesday’s layoffs at The Washington Post.As of Thursday morning, about 3,000 supporters had donated more than $350,000 combined to a GoFundMe page set up for let-go journalists.The fundraising push, launched just a few hours after company executives began cutting workers, was set up by Post reporter Rachel Siegel and the newsroom’s union. One of its top donors, tech journalist and former Post employee Kara Swisher, gave $10,000.Swisher, who recently made a push to buy the Post from its billionaire owner, Amazon founder Jeff Bezos, wrote on Threads that she had the means…

Various cans of alcoholic ready-to-drink beverages, including Captain Morgan’s rum and cola; Bacardi’s mango mojito; Archers’ schnapps and lemonade; Malibu’s pineapple and piña colada cocktails; and Gordon’s gin and tonic cocktails, are displayed for sale in a supermarket on Jan. 10, 2024.John Keeble | Getty ImagesThe U.S. alcohol industry had another sobering year in 2025.Spirits supplier revenue fell 2.2% to $36.4 billion for the year, according to new data by industry trade group the Distilled Spirits Council of the United States, or Discus. The decline came as economic pressure and weaker consumer confidence weighed on discretionary spending.”While total U.S. spirits…

The day my son burst into tears at our kitchen table in Utrecht, I realized my meticulous spreadsheets and research hadn’t prepared us for everything.”Mom, I’m the only one who doesn’t understand anything,” he said, pushing away his untouched dinner. “Everyone else is so far ahead, and I can’t follow anything.”That moment, hearing him talk about feeling behind in school, crystallized my first major mistake in our move from Atlanta to the Netherlands in May 2024. Although our relocation has transformed our lives in incredible ways — offering everything from better healthcare to true work-life balance — there were several…

Gabby Jones | Bloomberg | Getty ImagesKalshi on Thursday announced efforts to expand its surveillance and enforcement frameworks as skepticism builds around the booming prediction market industry. The announcement comes days before Super Bowl 60, which has already drawn more than $160 million in prediction market trading volume, according to Kalshi. The platform and its peers allow users to buy event contracts for outcomes in politics, pop culture, financial markets and sports. Prediction trades on predetermined outcomes — for example, on which companies will air Super Bowl ads on Sunday — have prompted questions of possible insider trading. New York…

The Bob’s Discount Furniture logo is seen above the entrance to its store at the Paxton Town Center near Harrisburg.Sopa Images | Lightrocket | Getty ImagesBob’s Discount Furniture will start trading on the New York Stock Exchange Thursday after pricing its initial public offering at $17 per share.That price came in within Bob’s expected range of $17 to $19 per share.The Manchester, Conn.-based company, which was founded in 1991, has grown to 206 showrooms across 26 states, as of Sept. 28, according to its S-1 filing. It plans to more than double that store count to more than 500 locations…