The Latest
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Uber’s finance team overtaken by engineering in AI use
The company’s rapid adoption of agentic AI coding tools has reportedly consumed its 2026 AI budget, while also raising return-on-investment questions.
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SEC proposes rule rescinding Biden-era climate risk disclosures
The agency’s proposal calls the 2024 climate disclosure rules “a dramatic overreach of the Commission’s statutory authority and, independently, unsound as a matter of policy.”
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OpinionSemiannual earnings will hurt businesses and the economy
Instead of allowing semiannual reporting, the SEC should streamline disclosure requirements without reducing the frequency healthy markets depend on.
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There are no ‘perfect decisions’ with healthcare: Virta Health CFO
As CFOs confront rising healthcare costs, thinking hard about worker retention and where costs can be made more efficient is essential, Virta’s Manu Diwakar said.
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Inflation rises, weakening consumer income, spending, saving rate
“Inflation is meaningfully above target, inflation expectations have been creeping higher and the public is highly sensitive to rising prices,” St. Louis Fed President Alberto Musalem said.
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Six Flags hires Hot Topic CFO for finance chief
Ash Walia is joining the amusement park operator as it faces pressure from an activist investor.
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Bath & Body Works insider takes interim CFO seat
Insider Tom Javitch will take the temporary finance reins following CFO Eva Boratto's resignation for another opportunity.
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Workday launches AI tool aimed at easing FP&A workflows
The software vendor sees the capability addressing long-standing pain points in the FP&A process, where analysis often involves hours of spreadsheet work.
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PwC doubles CPA exam bonus to $10K in next-gen talent push
PwC follows EY in increasing the bonus as the industry seeks to attract more young professionals.
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CBP raises accepted tariff refunds to $85B
As of May 22, about $20.6 billion in certified refunds with interest have been completed through Customs and Border Protection’s dedicated portal.
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Nvidia CEO urges Super Micro to tighten compliance: reports
Super Micro said in a statement that recent events underscore the need for industry-wide solutions to “strengthen enforcement of export control laws.”
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Rent the Runway ex-CFO takes Peloton’s finance reins
The fitness company will lean on Sid Thacker for continued financial discipline as it seeks to reach its goal of $100 million in run-rate savings by the end of the fiscal year.
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Consumer confidence sags; most households cut spending due to inflation
Write-in survey responses from consumers this month leaned toward pessimism, the Conference Board said.
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Newsom signs order focused on AI’s workforce impacts
The executive order directs state agencies to evaluate a range of approaches, including “safety-net” options for displaced workers.
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Iran-linked hackers target key US, allied sectors with sophisticated spear-phishing messages
Companies, particularly those in the affected industries, should harden their defenses against impersonation schemes, Palo Alto Networks said.
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Q&APoor leadership, process failures are sinking AI projects: IBM exec
Without strong leadership and process discipline, “you’re just doing science experiments, and you’re not going to go very far,” IBM’s Neil Dhar said.
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Amid heavy AI use, workers say their skills are atrophying
As worker sentiment sours on AI, clearer guidelines surrounding its usage may be even more critical.
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Deep DiveCFOs face tricky tariff refund questions as process gains steam
Faster-than-expected results are easing early operational fears while shifting attention to decisions on accounting, tax and financial reporting issues.
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Super Micro’s protracted internal control repairs draw scrutiny
In addition to grappling with accounting woes, the AI server maker launched a new probe after its co-founder was indicted in connection with a smuggling scheme.
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Intuit to slash workforce by 17%
The tax software provider is reducing its full-time workforce by 17% as it continues to bet big on AI.
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Consumer sentiment falls to new low; cost of living ‘first-order’ worry
A sustained rise in long-run inflation expectations would likely increase the odds that the Federal Reserve will raise interest rates.
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Courtesy of Amgen
Amgen’s ‘boomerang’ CFO reaps $12.5M in cash, retention bonuses
Thomas Dittrich is the latest “boomerang” executive to return to a former employer as CFO. Over a decade ago he was the biotech company’s chief accountant.
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New Harness CFO targets ‘effective growth’
Microsoft alum Bill Koefoed is working closely with Harness CEO Jyoti Bansal to create the right “financial profile” for the business as it mulls an eventual public debut.
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Economic damage from Iran war ‘increasingly evident,’ S&P Global says
The economy during the second quarter will probably struggle to grow at an annualized rate of much more than 1%, according to S&P Global.
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Walmart ties expected tariff refunds to price strategy amid cost pressures
CFO John David Rainey said potential recoveries would be directed toward lowering prices as fuel costs pressure consumers.
