The Latest
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Expedia names ex-Snap CFO as finance chief
Snap CFO Derek Andersen will succeed Scott Schenkel as finance chief for the travel platform beginning May 11.
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WVU’s incoming CFO cited in Ohio State probe
Days after being named CFO of West Virginia University, Chris Kabourek has been embroiled in an ongoing scandal surrounding his previous employer.
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The AI journey isn’t a ‘sprint,’ Trintech CFO says
As business leaders responsible for “mission-critical” processes, CFOs should focus on ensuring that artificial intelligence is reliable and auditable, Trintech CFO Omar Choucair said.
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ServiceNow CFO says Middle East conflict delayed large deals
The finance chief said several Middle East on-premise deals slipped during the first quarter though the software firm’s full-year outlook remains in tact.
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Iran war slows growth in services, manufacturing: S&P Global
Worries about war-induced inflation, supply bottlenecks, the cost of living and government policy have eroded sentiments among services companies, S&P Global said.
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CFOs feel healthcare pain rising as GLP-1s stretch budgets: Mercer
Average healthcare costs for U.S. employers are expected to rise 6.7% this year, hitting a 15-year high.
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Ex-CFO embezzled $1M for luxury purchases, Chicago jury finds
Former CFO Tina Feuerstein used a company Amex to make thousands of dollars in purchases at luxury brands, according to the indictment.
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Job seekers avoid postings with no salary transparency, report finds
The findings suggest candidates are paying attention to compensation as well as what job postings signal about fairness and respect for their time, Monster says.
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Gummy bear-maker Haribo of America CFO departs
Haribo of America’s former CFO Wes Saber helped develop the candy maker’s first U.S. factory, which opened in Wisconsin in 2023.
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Warsh says he would not be Trump’s ‘sock puppet’ on monetary policy
Kevin Warsh during testimony to a Senate committee blamed Federal Reserve policymakers for stubborn, above-target inflation.
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Snap Inc taps VP of finance for CFO
Snap’s Doug Hott is set to step in as CFO as the company lays off 16% of its workforce and increases its focus on AI.
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Workday preps AI tool aimed at fraud, error detection in finance
The company is pitching a future where AI agents constantly perform tasks for CFOs — what Workday’s CEO has described as “lights-out finance.”
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Fermi shares slump after CEO, CFO step down
The company, which is developing private electric grids to deliver power at the scale needed for AI, was co-founded by former U.S. Energy Secretary Rick Perry.
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Former CEO, ex-CFO of AI company charged with fraud
The ex-CEO and CFO fabricated “virtually all” of the once $1.4 billion — now-defunct — AI company’s revenue, according to the charges.
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Q&A
AI payoff remains distant as firms keep spending, PwC finds
Meaningful gains from AI are still at least a year away for most companies, as finance chiefs face growing pressure to deliver results.
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AI expansion fuels robust M&A despite supply shocks: EY
Dealmakers in coming months will need to take into account Middle East turmoil and other economic strains, according to EY-Parthenon Chief Economist Greg Daco.
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FASB cautiously advances new stablecoin guidance
The crypto industry has called for more clarity on stablecoin, but some critics say treating the assets as cash incorrectly signals they are safer than they are.
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PepsiCo CFO says inflation ‘will come’ as Iran conflict adds risk
PepsiCo maintained its outlook, but its CFO flagged the risk of increased inflation, adding to a growing chorus of corporate warnings.
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How CFOs can lead a smooth digital transformation: Wolters Kluwer
For today’s CFOs to effectively drive transformation, they need to keep their eye on processes — not the technology itself, Wolters Kluwer’s Maria Montenegro said.
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What CFOs should know about Trump’s tariff refund process
Finance leaders are expected to play a central role in steering companies through the claims process set to launch on Monday.
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Kimberly-Clark keeps Urdaneta as CFO of combined company
The Huggies parent laid out the organizational structure and executive leadership team it will put in place after its $40 billion acquisition of Kenvue closes in the latter half of this year.
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Fed policy ‘well positioned’ to handle risks from Iran war, Williams says
A war-induced oil supply shock “has begun to play out,” John Williams, vice chair of the Federal Reserve's policy-setting committee said, noting rising prices for groceries and other consumer goods.
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States diverge on OBBBA, complicating tax filing season
A growing number of states are decoupling from the federal tax overhaul or taking a selective approach, making compliance more tricky.
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Iran war prompts wait-and-see stance to pricing, hiring, investment: Fed
Many of the Federal Reserve’s 12 “districts continued to report signs of consumer financial strain, increased price sensitivity and rising demand at food banks,” the central bank said.
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Q&A
5 takeaways on Maryland’s CPA pathways
CPA licensing reform shifts more of the responsibility for developing accountants to employers, Maryland Association of CPAs CEO Rebekah Olson says.