Day Trading on Instagram: "In November 2018, James Cordier’s firm, OptionSellers.com, collapsed after a failed bet on natural gas. Cordier had bet that prices would not rise. Instead, natural gas spiked more than 20 percent in just a few days. The sudden move triggered heavy margin calls, wiping out nearly $150 million of client money and leaving investors with another $35 million in losses owed to the firm’s broker, INTL FCStone. After the collapse, Cordier posted an apology video, admitting th

Financial Times on Instagram: "The 'recharges' system has allowed KPMG auditors to claim additional pay for time worked over 50 hours. That had been a boon during peak periods where auditors often have to work more than 70 hours a week to check the books of multiple companies simultaneously.⁠ ⁠ However, KPMG has axed this overtime pay for its junior auditors in the UK as the Big Four accounting firm seeks to reduce 'busy season' hours and keep costs low amid industry-wide slow revenue growth.⁠ ⁠