Warsh says rise of AI will prove ‘very bumpy,’ trigger demand shock

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  Producer prices surge at fastest pace since 2022, adding pressure on Fed

  Soaring energy costs accounted for much of the leap in producer prices, according to the Bureau of Labor Statistics.

  Strategy & Operations

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  Judge rebukes Trump officials for intimidating ex-FEMA CFO

  Mary Comans, an “exemplary” career civil servant with over two decades of federal service, was fired last year after serving as FEMA’s CFO since 2018, the judge wrote. 

  Leadership

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  CEOs eye C-suite shake-ups as pressures mount: BCG

  Finance chiefs topped the list of senior leaders at risk of being replaced over coming months, the study found.

  Strategy & Operations

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  Inflation speeds up to 3.7%, fueled by surging gasoline prices

  Consumers expect inflation during the coming decade to average around 2.7%, the highest level since 2007, according to the Federal Reserve Bank of Cleveland.

  Strategy & Operations

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  Johnson & Johnson CFO taps internal investment for medtech growth

  The pharma company is on track to reach $100 billion in recorded revenue despite “temporary” headwinds in its medtech segment, executives said.  

  Financial Reporting

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  Small business optimism falls, hit by inflation, low labor quality: NFIB

  “Fuel prices are killing us on our delivery trucks,” a retailer in Georgia told the National Federation of Independent Business.

  Strategy & Operations

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  AICPA issues guidance for AI-assisted auditing

  The report comes as CFOs seek to realize efficiencies of AI while guarding against such risks as rogue AI and hallucinations.

  Risk Management

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  Incoming Mueller CFO to receive $700K sign-on bonus

  Labcorp alum Michael Morgan will also receive an initial equity award valued at $500K when he joins the water infrastructure equipment maker next month.

  Leadership

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  Workday brings autopilots to finance in autonomous AI bet

  The company said its latest tools will anticipate needs and take actions across finance and HR workflows, with customer-defined controls.

  Technology

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  Runpod’s new CFO prioritizes scaling finance, AI infrastructure

  A veteran of Amazon and Microsoft, Runpod’s newly-minted CFO Brian Erickson is already hunting for new FP&A managers.

  Leadership

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  AI cost volatility poses material margin risk for CFOs: Gartner

  Unmonitored use of AI by workers or unrestricted paid licenses “can risk spiking millions of dollars in additional expense,” researchers warned.

  Technology

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  Orthofix pays former executives $24M in damages

  The payments were made after a California arbitrator found private text messages between Orthofix executives couldn’t be considered cause for firing.

  Leadership

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  Getting CFOs past the first AI ‘easy mile’

  For organizations that have “quirky” house data, taking the time and resources to build a bespoke AI solution can often be more effective, Quadient’s Lilac Schoenbeck said.

  Technology

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  Borrowing costs still too low to cool inflation, economists say in survey

  Business spending will likely grow at a 12.6% annual rate this year before slowing to 6.2% in 2027, according to economists surveyed by Wolters Kluwer.

  Strategy & Operations

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  CFO warns against ignoring ‘shallowfakes’ in expense reports

  “If I saw [an employee’s expense] claim I thought was fraudulent, I would be all over it,” Medius CFO Chris Wilmot said.

  Technology

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  Big bankruptcies decline while pace holds above historical average: Cornerstone

  Several large companies cited tariffs as a contributing factor driving their bankruptcies, report co-author Trevor Haynes said.

  Risk Management

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  PepsiCo CFO touts cost discipline, slashes guidance

  The beverage giant is focused on cutting costs as it navigates rising food prices and changing consumer habits which have impacted its North American business.

  Financial Reporting

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  AI can help CFOs expand finance without adding staff: Prophix CEO

  As workloads rise and headcount growth slows, Prophix CEO Alok Ajmera expects AI to give finance teams more capacity — but trust remains a hurdle.

  Technology

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  Tariffs pushed up consumer goods prices by 2.9 percentage points: NY Fed

  Consumer expectations for inflation rose for the second straight month to the highest level since May, the University of Michigan said Friday, citing an October survey.

  Strategy & Operations

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  Deloitte fined $7.9M by UK regulator for failed audits

  Deloitte UK’s “decisions and actions put very large amounts of U.K. taxpayers’ money at risk,” according to the top investigator at the Financial Reporting Council.

  Strategy & Operations

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  Basware CFO says AI upskilling requires ambition

  CFOs need to develop their AI skills in a way that centers the accuracy and reliability of data that’s integral to finance, Basware’s Martti Nurminen said.

  Technology

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  World Bank picks BNP Paribas veteran for CFO

  David Vaillant is leaving the French bank and will take the international development organization’s finance seat next month.

  Leadership

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  House proposal would clarify liability rules for AI agents

  Developers would be held liable under the draft bill when their AI agents harm third parties through conduct that would be unlawful if committed by a human.

  Technology

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  All Fed officials backed vote to hike benchmark rate: FOMC minutes

  Inflation expectations among consumers rose last month for both the one-year and three-year time horizons, the Federal Reserve Bank of New York said Wednesday.

  Strategy & Operations

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  PwC exec ushers in AI-assisted audits, awaits bigger time savings

  What has surprised PwC’s Shawn Panson the most over the 12 months since the AI project was launched has been the speed of technological change. 

  Technology

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