The Latest
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C-suites vie for shrinking pool of experienced CFOs: Russell Reynolds
There’s a growing “agnosticism” surrounding the age of finance chiefs as the supply of experienced CFOs grows more constricted, Russell Reynolds’ Jenna Fisher said.
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Sponsored by Zoho
Maximizing ROI on corporate travel: A CFO’s perspective
CFOs are crucial in managing business travel costs but how do they ensure maximum ROI? Read it here.
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Trump’s DOJ pick has backed tough antitrust actions against big tech
Even if the controversial nominee is confirmed, it’s not yet clear if his “surprising” antitrust positions will be adopted in the Trump administration, analysts said.
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AI’s coming for finance jobs, CFOs expect: Datarails
Finance chiefs expect AI to shrink the number of roles in the finance function by 2026, Datarails found in a survey.
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Federal watchdog flags restrictive licensing practices in cloud
The U.S. Government Accountability Office uncovered vendor management processes across several federal agencies that led to cost overruns.
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Spirit CFO says post-pandemic airline sector is ‘unrecognizable’
Budget carriers like bankrupt Spirit Airlines have been “disproportionately” affected by industry headwinds as they rely on “much slimmer margins,” CFO Fred Cromer writes.
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Audit committees expand oversight to ESG, cybersecurity, AI: EY
Nearly four out of five investors said boards should demonstrate expertise in climate, cybersecurity and other risks by detailing their work to limit such hazards, EY said.
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Rivian CFO inks $3.5M trading plan as EV industry faces bumps
President-elect Trump will likely ax the EV tax credit, a proviso of the Inflation Reduction Act, upon taking office in January. Critics say the move will badly impact EV competition.
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Retail sales rise in hint of cheer for holiday consumer spending
Recent signs of robust consumer spending and persistent inflation prompted Wall Street to reduce the odds that the Fed will cut the main interest rate by a quarter point at its December meeting.
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Disney CFO highlights booming streaming growth
Subscribers for its Disney+ Core platform grew by 4.4 million in Q4 as the company cracks down on password sharing and looks to improve customer engagement.
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How Trump 2.0 could revamp tax policy
Businesses need to prepare for potentially “fast moving” changes to tax policy as questions swirl around President-elect Trump’s plans, EY’s Martin Fiore said.
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New X CFO received presidential pardon from Trump
The appointment is “consistent with Musk’s emphasis on loyalty,” a trait he sometimes values over “conventionally ‘safe’ hires,” Cowen Partners’ Shawn Cole said.
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Economists predict above-trend economic growth in 2025: Wolters Kluwer
Economists at companies ranging from Goldman Sachs to Ford Motor and KPMG to Wells Fargo now see only a 27% probability of recession in the next 12 months.
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Inflation edges up, highlighting Fed’s bumpy path to stable prices
Traders in interest rate futures bet that the Fed will take the inflation news in stride, raising the odds that it will trim borrowing costs by a quarter point next month.
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Jack in the Box brings back ex-CFO for second stint
Lance Tucker will receive a $200,000 cash bonus upon taking Jack in the Box’s CFO seat for the second time.
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GAAP is letting companies get away with anticompetitive mergers, researchers say
Intangible assets aren’t being captured in the merger review thresholds that federal antitrust agencies rely on, a paper shows.
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Wall Street year-end bonuses forecast to jump as much as 35%
For the first time since 2021, banks are gearing up to give bigger end-of-year bonuses to many employees, Johnson Associates says.
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Small business optimism rose before election despite uncertainty: NFIB
Nine out of the 10 factors that determine the NFIB’s optimism index increased last month, including the outlook for business conditions.
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Xactly CFO looks to non-finance talent to fill accounting gaps
Teaching employees without a traditional finance background to speak the language can help circumvent ongoing talent shortages, CFO Jason Godley said.
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Earned wage access: A CFO primer
The service, which lets users draw an advance on a portion of their pay before payday, raises some thorny issues for employers and their finance teams.
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Opinion
Bolstering your cyber defenses in the age of AI
Generative AI’s ability to create persuasive deepfakes is just one example of the risks it poses when in the hands of fraudsters, writes Deloitte’s Ryan Hittner.
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4 tech issues to watch in Trump’s second term
AI, cloud and cybersecurity policies are in the spotlight ahead of the forthcoming Trump administration.
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Some distressed office landlords to roll back capital-intensive concessions, CBRE says
Office tenants negotiating leases may see more landlords cutting back on deal sweeteners like space build-outs that entail upfront costs.
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Trump Media CFO plans to sell $13.4M in shares by Dec. 2025
Donald Trump, three days after winning the Nov. 5 presidential election, sought to puncture rumors that he plans to sell Trump Media shares.
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How Trump’s administration may rework payments policies
The president-elect and his new administration will have the opportunity to revamp federal government approaches for everything from earned wage access to digital currencies to open banking.
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Consumer expectations hit highest level since July 2021: survey
Expectations for personal finances have improved amid indications that many Americans, when looking back four years, believe their financial well-being has declined.