PwC

PricewaterhouseCoopers (PwC) is reportedly laying off approximately 1,800 employees, marking its first formal cuts since 2009. What Happened: The layoffs will impact about 2.5% of PwC’s U.S. workforce, primarily affecting its advisory, products, and technology operations. The cuts will span...

The movie theater sector got a bit of a lift to start the second half of 2024 with several movies, such as “Inside Out 2,” hitting impressive box office figures. A new report says there could be more optimism ahead for the movie sector, but it might not favor movie theater companies as...

PricewaterhouseCoopers LLP (PwC) has reportedly initiated a significant reduction in its workforce across its China operations, following a substantial loss of corporate clients. The firm is also bracing for a possible record penalty from Chinese regulators. What Happened: PwC is cutting staff...

In a recent report by PwC, sectors heavily reliant on artificial intelligence are witnessing a significant surge in productivity, offering hope for a broader economic upturn. What Happened: The PwC report, released on Tuesday, highlighted a remarkable 4.3% increase in productivity in professional...

The Chinese authorities are intensifying their scrutiny of PricewaterhouseCoopers LLP (PwC) in connection with the accounting practices of China Evergrande Group, which has been accused of a $78 billion fraud. What Happened: The Chinese securities regulator has accused Evergrande’s subsidiary...

Global mergers and acquisitions (M&A) activity fell to the worst levels in a decade in 2023, as high interest rates increased financing costs, while concerns over an economic slowdown weighed on deal-making confidence. Total M&A volumes fell 18% from the previous year’s $3.6 trillion...

Cryptocurrency companies have been publishing audits, or so-called proof-of-reserve reports, to gain investor confidence on the heels of the FTX collapse. But the U.S. Securities and Exchange Commission (SEC) says investors should take those reports with a grain of salt. “Investors should not...

PricewaterhouseCoopers' global chairman said the firm would report record revenues of about $50 billion this year as he defended not going for an audit and consulting split. In an interview with the Financial Times, Bob Moritz said that keeping the audit and advisory arms together was...

A considerable portion of traditional hedge funds is reportedly already investing in cryptocurrencies. What Happened: According to a recent PwC report, 21% of traditional hedge funds surveyed by the organization are already investing in digital assets such as Bitcoin (CRYPTO: BTC), with...

A prominent insurance company recently conducted an extensive poll of SMEs (2017) and found that of 1200 businesses, just 336 of them had a business owners policy in place. Even fewer businesses had professional liability insurance, at just 252 businesses. That an estimated 70%+ of SMEs are without...

New Frontier Data and PwC Canada Join Forces to Bring Data-Analytics and Business Intelligence to the Cannabis Industry SAINT JOHN, NEW BRUNSWICK (June 18, 2019) – New Frontier Data and PwC Canada announce today at the 2019 World Cannabis Congress an exclusive collaboration to improve the...