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The American Institute of CPAs’ Peer Review Board has proposed to update its peer review requirements as more accounting firms receive private equity funding and set up alternative practice structures to comply with state laws.The proposed change would require firms operating under non-traditional business models to have their peer reviews administered by the AICPA’s National Peer Review Committee, as opposed to one of the 23 state-administered entities. The AICPA contends that would promote the consistency of how a peer review is conducted and evaluated as the accounting profession adjusts to the proliferation of new operating structures. The AICPA is asking…

This photo released by the Utah Governor’s Office on Sept. 12, shows Tyler Robinson. Utah Governor’s Office/via AP hide caption toggle caption Utah Governor’s Office/via AP Tyler Robinson, the man accused of fatally shooting conservative influencer Charlie Kirk, was charged with aggravated murder and other counts, in a case in which prosecutors are seeking the death penalty. “The murder of Charlie Kirk is an American tragedy,” said Utah County Attorney Jeff Gray at a press conference on Tuesday. “Charlie Kirk was murdered while engaging in one of our most sacred and cherished American rights.” Authorities have also charged Robinson with…

The Internal Revenue Service and the Treasury Department have issued final regulations on the new Roth catch-up contribution rule from the SECURE 2.0 Act, along with other provisions of the law.SECURE 2.0 Act passed at the end of 2022 and contained an extensive list of provisions related to retirement planning, like the original SECURE Act of 2019, with some being phased in over five years. The regs were proposed in January and related to a provision requiring that catch-up contributions made by certain higher-income participants be designated as after-tax Roth contributions. The catch-up contributions are extra contributions under a 401(k)…

Eli Lilly Biotechnology Center is shown in San Diego, California, March 1, 2023.Mike Blake | ReutersEli Lilly on Tuesday said it will spend $5 billion to build a manufacturing facility in Goochland County, Virginia, to boost production capacity for targeted cancer drugs and other treatments — the first in a string of new planned U.S. investments by the drugmaker. The company announced in February that it would spend at least $27 billion to build four new domestic manufacturing plants, adding to $23 billion in previous investments since 2020. Eli Lilly said it will announce the three remaining U.S. sites this year…

LOVB Austin middle blocker Molly McCage (5) spikes the ball past LOVB Houston outside hitter Jess Mruzik (5) during the League One Volleyball match between LOVB Austin and LOVB Houston February 19,, 2025, at H-E-B Center in Cedar Park, Texas. Icon Sportswire | Icon Sportswire | Getty ImagesComcast spinoff Versant has struck a multiyear media rights deal with League One Volleyball, the company announced Tuesday.Versant’s USA Network will exclusively air the league’s “Match of the Week” in primetime at 8 p.m. ET every Wednesday, in addition to the league’s playoff and championship matches. The deal comes as women’s sports, specifically…

Federal prosecutors want Charlie Javice to spend 12 years in prison, calling her fraud against JPMorgan Chase “audacious” and her eve-of-sentencing apology “hollow.”In efforts to get the largest US bank to pay $175 million for Javice’s student financial aid startup, Frank, the founder “led an audacious and multifaceted criminal scheme built on sustained deceptive conduct,” prosecutors told her Manhattan judge in a letter made public late Monday.The fallen fintech phenom was convicted of using fake spreadsheets to convince JPMorgan Chase that Frank had contact information and financial data for more than 4 million students.In reality, it only had data for…

President Donald Trump’s next target: revamping a Wall Street tradition.The president said US companies should be required to report earnings every six months instead of every three. Trump, who raised the idea on Truth Social, said doing so would save companies money and allow managers to spend more time running their business.Meanwhile, market experts were split on the idea, highlighting the benefits the change would bring to companies along with the challenges it would pose for investors, writes BI’s William Edwards.How and when companies report earnings has become a topic of debate in recent years. High-profile executives like BlackRock’s Larry…

Clayton Jacobs, the CEO of influencer marketing company CreatorDB, thinks there can be a “healthy middle class” of content creators.Jacobs told Business Insider that he usually recommends CreatorDB’s clients go with a “pool of medium-sized creators” that “often will perform better than a single large creator if they’re the same price.”Using data analytics and AI, CreatorDB wants to prove that to brands.The company, headquartered in Taipei, Taiwan, raised its first venture capital investment since launching in 2019 to help do so. Its $4.67 million Series A, led by Acorn Pacific Ventures, will be used to further develop AI tools, launch…

Private jets parked at the Friedman Memorial Airport during the Allen & Company Sun Valley Conference on July 10, 2025 in Sun Valley, Idaho. Kevin Dietsch | Getty ImagesJ.P. Morgan Private Bank is launching a new lifestyle service for its wealthy clients, offering discounts and referrals on everything from private jet flights and travel to household staffing and art restoration.The move comes as private banks and wealth management firms seek to find ways of serving clients outside of core investing and financial advice, which have become increasingly commoditized. J.P. Morgan said ultra-high-net-worth clients and family offices are more and more…

Scott Kirby, CEO of United Airlines, speaks during the WSJ’s Future of Everything 2025 at the Glasshouse on May 29, 2025 in New York City. Michael M. Santiago | Getty ImagesNEWARK, New Jersey — An oversupply of flights forced airlines to cut fares this year and pushed carriers to scale back their growth plans.United Airlines’ expansion, however, is outpacing its large-airline rivals, a plan CEO Scott Kirby told CNBC is paying off because of the company’s product, network and technology, like on-board amenities such as Bluetooth connectivity, seat-back screens and its app.”This year is going to wind up demonstrating two…