breakup

Stocks Jump; Tesla Cuts Jobs, Kellogg Pops On Breakup

Stocks Jump; Tesla Cuts Jobs, Kellogg Pops On Breakup

Dow Jones rose strongly in morning trade, along with the S&P 500 and Nasdaq composite, signaling a market rebound after the major indexes tumbled last week to their worst levels since late 2020. Treasury yields and crude oil futures rose, while Bitcoin rebounded from a sharp weekend plunge. X Tesla (TSLA), Li Auto (LI), homebuilder …

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EY break-up plan could pay partners up to $8mn apiece in shares

EY break-up plan could pay partners up to $8mn apiece in shares

EY’s plan to split its audit and advisory operations is set to hand partners shares worth up to $8mn each, according to individuals with knowledge of internal plans. The Big Four firm is preparing to break up its global business as part of the biggest upheaval of the accounting sector in two decades. Under the …

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