Stocks extend Losses

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There has been a lot of market movement since Fed Chair Powell’s Jackson Hole speech last Friday. Questions: What did Powell say about interest rates? 2. What did the article say that Powell’s speech is trying to remind people about? 3. How high do you think interest rates will be raised? 4. What do the… Read more »

Long Awaited Agreement is Only a First Step

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According to Thomson Reuters, the U.S. Public Company Accounting Oversight Board (PCAOB) on Aug. 26, 2022, finally signed an agreement with Chinese authorities that will allow the board to inspect and investigate audit firms based in China and Hong Kong whose clients trade on American exchanges. Questions: When will the PCAOB start inspections? What were… Read more »

Layoffs Announced at Robinhood

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According to the New York Times, Robinhood announced layoffs for the second time this year. Questions: What is Robinhood? What percent of employees will be layed off in this second round? Why are the layoffs occuring? What roles in the company will be primarily affected? Source Kelley, L. and D. Yaffee-Bellany. (2022). Robinhood lays off… Read more »

Attention Cryptocurrency Investors

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According to the New York Times, the fall in Bitcoin was accelerated in recent weeks by the collapse of two major cryptocurrency projects; this sows doubts about the stability of the overall cryptocurrency market. Questions: Bitcoin dropped below $20,000 this week. This is the first time since when? From March 2020 to November 2021, what… Read more »

Fraud and Money Laundering at the Lourve

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Former president and director of the Lourve from 2013 to 2021, Jean Luc Martinez, has been charged with fraud and money laundering in connection with Egyptian artifacts that were trafficked over the past decade. Questions: Under the French legal system, what is ahead for Mr. Martinez? What is Mr. Martinez’s current role? According to Le… Read more »

Who Can You Trust in the World of Money Laundering?

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Augustine Osemwegie, the owner of a used car dealership in Fall River, Massachusetts, has pleaded guilty to money laundering. Questions: How was Osemwegie caught? What was the method he used to launder money? Was this his own money? Explain. Source: Media Team of RegXSA. (2022). US-based owner of used car dealership pleads guilty to international… Read more »

Exploiting Inflation to Pad Bottom Lines

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According to The Washington Post, some companies are exploiting inflation to pad their bottom lines. Questions: What evidence indicates that companies are raising prices to exploit rather than in relation to underlying cost increases? If companies are passing on their own higher costs to consumers, their _______________ should stay roughly the same. How do analysts… Read more »

Consolidated vs. combined financial statement? How to choose?

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According to Accounting Today, choosing a consolidated versus combined financial statement for companies with multiple businesses can be a complex and confusing process. Questions: According to the article, what tool(s) make(s) it easier to spot trends and highlight relevant data points? According to the article, what makes preparing complex financial statements easier and less time… Read more »

Major Supplier Under Cyberattack

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According to the New York Times, Toyota, the world’s largest automaker, said on Monday that it had suspended all production in Japan after a possible cyberattack at a major supplier. Questions: What is the name of Toyota’s major supplier? Why have cyberattacks become increasingly more common in Japan in recent years? What will the stoppage… Read more »

Are they the Bitcoin Bonnie and Clyde?

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According to the New York Times, Ilya Lichtenstein and Heather Morgan were charged with conspiracy to launder billions of dollars worth of Bitcoin.Credit. Questions: What was the Bitfinex hacking? What was the role of the complex shuffling of Bitcoin by the couple in the fraud in January 2017?   When the government executed a search… Read more »