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KPMG Ends U.S. Gov't Audit Business After Losing Army Contract
KPMG Ends U.S. Gov't Audit Business After Losing Army Contract
KPMG, one of the Big Four accounting firms, is winding down its federal government audit business after losing a $64 million-a-year U.S. Army audit contract, a major setback as the Department of War under Defense Secretary Pete Hegseth moves to bring in another accounting firm.
According to the Financial Times, the Army's shift to a new auditor comes as pressure intensifies on Hegseth to gain control of the DoW's finances after nearly a decade of failed independent audits.
The DoW, which oversees...
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Jun 1, 2026 / Tyler Durden
65,000 Small German Retail Stores Have Disappeared As Economic Downturn Hits Europe's 'Powerhouse'
65,000 Small German Retail Stores Have Disappeared As Economic Downturn Hits Europe's 'Powerhouse'
Via Remix News,
The number of small retail stores in Germany has declined drastically since 2010. According to a recent analysis by the credit agency Creditreform and the Handelsblatt Research Institute, there were 236,143 small retail stores with annual sales of less than €250,000 in 2010. For 2025, the sales tax statistics show only 170,770 such stores, a drop of 28 percent, reports Junge Freiheit.
Across all size categories, the number of stores shrank by only 16 percent during the...
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Jul 8, 2026 / Tyler Durden
Current State Of Physical AI: Everything You Need To Know
Current State Of Physical AI: Everything You Need To Know
Citi's Robotics & Physical AI Leadership Conference wrapped up on Tuesday. The annual Citi Research event brings together robotics founders, investors, operators, and industry executives to assess the state of "physical AI."
Analyst Heath Terry summarized the key takeaways Wednesday morning, painting a picture of the robotics industry moving from proof of concept to commercial deployment, while warning that scaling robots remains challenging.
"Labor shortages, reshoring, and favorable regulatory tailwinds are accelerating enterprise demand, while data scarcity, talent constraints, battery limitations, and...
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Feb 23, 2026 / Tyler Durden
Newsom Says He's Like Blacks Because He 'Can't Read' And Got Low SAT Score
Newsom Says He's Like Blacks Because He 'Can't Read' And Got Low SAT Score
California Governor Gavin Newsom (D) needs to work on his pandering skills - after telling a crowd of black people that he's just like them because he can't read and got a low SAT score.
"I’m not trying to impress you, I’m just trying to impress upon you, ‘I’m like you. I’m not better than you.’ I’m a 960 SAT guy," Newsom told Atlanta Mayor Andre Dickins during a Sunday night event promoting his new book.
"And I’m not...
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