CFOs must prep for agentic AI ‘mindset shift’

With agentic AI’s potential still untapped, CFOs need to adopt a different approach when considering its incorporation and possible impact, EY’s Myles Corson said.

Powell says tariffs will spur inflation, slow growth; Fed on hold

Policymakers in coming months may face difficulty meeting their dual mandate to ensure stable prices and maximum employment, Federal Reserve Chair Jerome Powell said.

‘Activist workforce’ fuels spike in class action defense costs

Discrimination claims, “backdoor layoffs” and unionization attempts remain at historically high levels, law firm Carlton Fields said.

VMware feuds with Siemens in legal battle over software licensing

The Broadcom-owned vendor claimed Siemens AG requested support services for products it never purchased.

Where enterprises go wrong with cloud networking

While most companies have figured out how to migrate data without incurring huge fees, getting it back can be costly, according to Forrester.

How CFOs can blunt tariff harm

Trump’s latest tariffs “will impact many products and industries,” with the textile and apparel sector in particular taking a big hit, says KPMG’s Andrew Siciliano.

Continuing jobless claims hit highest level since 2021 as tariffs bite

Import duties announced this year, if not blunted, would slow economic growth by 1 percentage point in 2025, according to EY.

Georgia, Indiana join growing band of states to pass CPA licensure laws

So far this year at least seven states have passed alternative CPA licensure laws aimed at easing the accounting talent shortage.

Updated April 3, 2025

Macy’s claws back over $600K in exec bonuses

The retailer asserts it overpaid executives after an accounting error led to an overstatement of 2023 EBITDA by $81 million, according to a securities filing.

Trump installs 10% baseline tariff, country-specific duties

The president said he will levy import taxes on China, Japan and others equal to half of what they charge the U.S. based on White House calculations.

FASB clarifies guidance for construction contract holdbacks

Accounting related to revenue recognition issues has been one of the thornier subjects tripping up report preparers in recent years.

CFOs need to hone tech, AI ‘fluency,’ Deloitte’s Glover says

CFOs need to have a closer relationship with tech and IT leaders than ever before to craft forward-facing strategies, Deloitte’s James Glover said.

Macy’s taps new CFO months after $151M accounting error disclosure

The department-store chain on Tuesday said Thomas J. Edwards of Capri Holdings will join the company in June, succeeding Adrian Mitchell as CFO and COO.

US manufacturing output, employment fall as tariffs fuel higher prices

“Newly implemented tariffs are significantly impacting gross profits,” the Institute for Supply Management quoted an unidentified survey panelist as saying.

Just Salad ex-CFO missed out on $1.2M, lawsuit claims

The former finance chief is seeking $1.2 million in funds he claims he’s owed relating to a separation agreement, as well as $5 million in damages.

Vendors crowd CFO software market amid AI boom

More than 300 tech companies are currently in the fast-growing “office of the CFO software market,” according to venture capital firm Norwest.

Enterprises beef up cybersecurity plans to mitigate AI risks

More than 2 in 5 leaders say they’ve strengthened practices to curb increased threats, misuse and other vulnerabilities tied to using the technology.

FTC chief flags data privacy concerns in 23andMe bankruptcy

The company filed for bankruptcy after financial challenges over the past few years and a massive data breach in 2023.

Consumer spending during Q1 shrinks for first time since pandemic

“Stockpiling ahead of potential tariff implementation on a wide range of consumer goods could lead to a pullback in goods spending later this year,” the Conference Board said.

CFO turnover reaches six-year high: Russell Reynolds

Rising retirement rates contributed to growing turnover, with 54% of outgoing CFOs either retiring or moving exclusively to board positions, the firm said.

Former U.S. Bank CFO dead in plane crash

CEO Andy Cecere confirmed in a Monday memo to employees that Terry Dolan, the lender's chief administration officer who previously served as finance chief, died in a plane crash Saturday.

Updated March 31, 2025

Tariffs, volatility stoke G&A cost cut pressure, Bain exec says

Amid rising pressures from tariffs, market volatility and the renewed threat of a slowdown, executives are once again doubling down on cutting general and administrative costs.  

Rising prices, weak consumer spending spotlight ‘stagflation’ risk

Public- and private-sector economists have flagged inflation risks and marked down estimates for economic growth this year, warning of the potential harm from tariffs.

Those return-to-office plans? CFOs aren’t all in.

Five years after the COVID-19 pandemic amplified remote work’s possibilities, worker bees aren't the only ones resisting the return-to-office call.

SEC withdraws defense of climate-risk disclosure rule

The agency will no longer defend its rule requiring companies to disclose certain climate-related risks, a move one commissioner called an attempt to “unlawfully” dismantle it.