The Latest
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Tech leaders brace for high-stakes election
It’s unclear whether a Trump or Harris presidency would bring regulatory relief to big tech, which has faced growing antitrust scrutiny in Washington.
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Sponsored by ClearsultingModernize your finance operating model to drive growth
Explore how forward-looking organizations are redefining their traditional operating model.
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KPMG pilots AI agents
The Big Four accounting and consulting firm is interested in becoming a leader in the emerging AI agent space.
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Fewer companies passing on higher prices to consumers: NABE
The hard-to-predict outcome of the Nov. 5 election and its aftermath is not chilling business plans for investment and hiring, NABE said.
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3 takeaways on proposed corporate alternative minimum tax regulations
Two years after the new tax was signed into law by President Biden, the details are still being hammered out.
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$816M ExxonMobil verdict is latest as juries seek environmental justice
No easing is in sight as companies face backlash for the impact their products have on the environment and public safety, a ruling shows.
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Southwest details board travel perks as ex-Chevron CFO joins new director slate
The airline's board compensation package includes free travel on Southwest for each non-employee director, their spouse and children and 50 “unrestricted” one-way flight passes annually.
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Consumer sentiment hits 6-month high, exceeding expectations
Household spending, the labor market and the broader economy have shown signs of unexpected strength in recent weeks.
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Tesla earnings rise on energy storage surge
The EV maker remains focused on offering “extremely compelling” vehicle financing as demand in the overall industry continues to wane, Tesla CFO Vaibhav Taneja said.
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Only 4% of companies reap full value from AI: BCG
The share of companies worldwide that are at least experimenting with AI has surged this year to 98% from 47% last year, BCG found in a survey.
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Honeywell sales fall short amid warehouse automation weakness
“We navigated through a challenging operational environment in the third quarter,” CFO Greg Lewis said.
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CFOs eye ROI ‘push pull’ for AI, growth balance: Heidrick & Struggles
To truly gauge the ROI of their GenAI investments, CFOs need to consider their strategic as well as their financial impact, Heidrick & Struggles’ Sachi Vora advised.
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Courtesy of Morningstar
Morningstar CFO to step down after 7-plus years
Over the course of Jason Dubinsky’s tenure as finance chief, Morningstar’s revenue, operating profit and cash flow have more than doubled, the company said.
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IRS CFO says robotic automation saved 30,000 labor hours
Partnering with software firm UiPath, the agency has tapped software robots to complete previously manual tasks, IRS CFO Teresa Hunter said Tuesday.
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Most finance leaders believe sustainability targets out of reach: EY
CFOs leading companies active in the U.S. and Europe face a “fluid picture” when attempting to meet regulations for sustainability reporting, EY said.
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Red Lobster names Checkers alum CFO after Chapter 11 restructuring
Bob Baker brings more than three decades of restaurant industry experience to his new position, having held finance chief roles at Checkers & Rally, Benihana, Pieology Pizzeria, and Café Rio Mexican Grill.
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CFO competence ranked as a top factor in investor decisions
Investors are willing to increase their initial investment in an organization by an average of 2.6% when the CFO is the key strategic growth driver, OneStream found.
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SEC settles charges with 4 firms it says downplayed SolarWinds hack exposure
The agency alleged Unisys, Avaya, Check Point Software and Mimecast misled investors about the extent of their respective cyber risks.
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AICPA asks IRS for fresh cannabis tax guidance
The potential reclassification of marijuana as a Class III controlled substance has raised questions about tax benefits cannabis companies stand to gain.
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Courtesy of FASB
FASB advances credit loss accounting relief for private firms
The credit loss rules grew out of the financial crisis and the concern that banks were delaying recognizing deteriorating asset values.
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HSBC names first woman CFO amid restructuring
The bank is simplifying its business into four spheres and has tapped its chief risk and compliance officer, Pam Kaur, to become its next finance chief.
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CFOs key to effective AI change management: ShareFile
Isolating the technology’s “tangible value” is key to executing a successful, cost-effective AI strategy, ShareFile’s David Le Strat said.
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Only 15% of companies have ROI metrics for GenAI: KPMG
The finding comes as many enterprises are deploying the technology on a larger scale.
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Microsoft ups finance automation game with ‘AI agents’
The move comes as the AI innovation race among enterprise software providers is heating up.
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Photo illustration: Industry Dive; Joe Readle/Getty Images; Brandon Bell/Getty Images
Election 2024: Where Harris, Trump stand on AI regulation
Analysts expect Kamala Harris to largely continue the current approach to AI oversight, while Donald Trump’s promise to repeal a Biden executive order signals a major shift.
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Weakening manufacturing demand clouds economic outlook: Conference Board
Amid minor headwinds to economic growth, “client concerns have shifted from recession to re-acceleration,” according to analysts at Bank of America Securities.
