Business of the Week: Frontier Trump Deal

how are you? (September 4-10)

trump media frails

Former President Donald J. Trump’s social media venture has long touted his trading prowess, but plans to merge with special-purpose acquisition firm Digital World Acquisition Corporation (SPAC) hit a twist. After that, the future is uncertain. The Trump Media & Technology Group was due to merge with the company by Thursday. But federal investigations and scrutiny by securities regulators have stalled the merger, and on Thursday, Digital World garnered a hasty shareholder vote to extend the deadline by a year. When it didn’t get one, the company unexpectedly postponed and postponed the vote, then left Trump Media in limbo by saying it would pay about $3 million over another three months to carry out the merger. The Trump media blamed the Securities and Exchange Commission for the matter, saying it “unnecessarily delayed its review” of the proposed merger.

Big increase in Europe

Compared to other central banks around the world, European central banks have been slow to use rate hikes as a tool to curb inflation, but have begun to act more aggressively. Last week, the European Central Bank policymaker raised his three major interest rates by three percentage points, his fourth. This is his biggest rise in over 20 years. The big move came as new data released last week showed eurozone annual inflation rose to a record 9.1% in August, up from the previous record of 8.9% in July. More or less expected. (Estonia has the highest inflation rate in the eurozone, at 25.2%.) But the central bank said the economies of euro-using countries will likely “slow down significantly” due to rising energy prices and the looming crisis. I warned you to be deaf. The prospect of sharp cuts in gas and even rationing this winter.

One of the “Big 4” plans split in two

EY, commonly known as Ernst & Young, one of the Big Four accounting firms in the United States, announced Thursday that it will split into two companies. This division is not trivial. It will first need approval from over 10,000 EY partners in 140 countries, and will likely require regulatory approval from some of these countries. So why get into trouble? The move is intended to help EY avoid potential conflicts of interest in both auditing and consulting for corporate clients, and signals red flags to the Securities and Exchange Commission regulators. send the

what’s next? (September 11-17)

WORKERS RETURN OR RESIST

Since the pandemic nearly began, employers have set dates for returning to the office. and postponed them. and set a new one. and postponed them. This time, many of them say those dates are fixed. He said he enjoys working and having a clear line between work and home life. But other companies were unhappy with their own policies, many of which were due to go into effect after Labor Day. (“The new school year is coming up,” Credit Karma’s chief human resources officer told her company manager.) claims to have sex.