Election 2024: Harris, Trump present ‘diametrically opposed’ impacts on ESG

“A Harris administration would be more favorable for the interests of ESG investors whereas a Trump administration would be antagonistic,” according to Morningstar Indexes’ head of strategy.

IBM’s Apptio unit ‘refines’ AI tool, eyes early 2025 rollout

“Customers are really pushing us to provide better, more actionable answers,” Apptio’s Eugene Khvostov said.

28% of workers fear AI will diminish or replace their role: survey

It’s a stressful time for workers, who also report challenges such as increased burnout and declining mental health, Grant Thornton found.

Internal auditors, CFOs should share the AI disruption risk: IIA CEO

As AI further complicates a tricky risk environment, CFOs and internal auditors need to reach a strategic alignment, IIA’s Anthony Pugliese said.

FASB issues new, long-anticipated income statement expense rules

Compliance with the standards update “isn’t going to be cheap” for many firms, but the FASB has taken steps to reduce the cost to preparers, board member Fred Cannon said.

Your D&O coverage is probably inadequate, a broker says

If it is, you’ll want to know that before facing a shareholder lawsuit, Jason Bishara of NSI Insurance Group says.

High-profile wins will likely embolden labor unions in 2025: Moody’s

Although only 6% of the private sector workforce is unionized, organized labor in recent years has won high-profile disputes and scored limited but clear gains.

SEC cyber rules could survive regardless of election outcome, experts say

As the U.S. presidential election looms, cybersecurity remains a bipartisan focus, experts said during a joint CFO Dive and CIO Dive live event.

Main GenAI benefit so far is time saved, finance execs say

Generative AI is saving finance teams a lot of man hours as they ditch manual processes, but translating that into dollar-based ROI terms is tricky, panelists said. 

Kraken cuts staff, appoints co-CEO and CFO

The crypto exchange appointed a new co-CEO and new finance chief, alongside cutting about 400 employees, sources told the New York Times.

Meta CFO: AI poised to drive ‘significant’ capex growth

The tech giant’s stock price fell after its third-quarter earnings report, as the company faces growing Wall Street angst over its ballooning AI expenditures. 

Fed’s preferred inflation gauge speeds up, validating slower easing pace

The faster-paced gain in the core personal consumption expenditures price index coincided with reports of unexpected strength in the economy and household spending.

EY firings highlight multitasking, professional training woes

The online training scandal comes about two years after the Securities and Exchange Commission fined EY $100 million for cheating by its auditors on ethics exams.

23andMe turns to CFOs to fill director roles after mass board exit

Each of the three former finance chiefs will reap $1 million as the flagging business tries to right itself.

Alphabet CFO looks to ‘push a little further’ on efficiencies, cost

Anat Ashkenazi is prioritizing cost reductions, even as the company expects to invest $13 billion next quarter in GenAI and other growth areas.

Planet Fitness picks retail veteran for CFO

Jay Stasz will replace retiring CFO Tom Fitzgerald, who has held the role at the health club chain for more than four years.

When it comes to AI, CFOs must get their ‘hands dirty’: EY

CFOs that want a successful AI strategy need to be sure they’re “skating to the puck,” EY’s Deidre Ryan said.

FASB publishes narrow software accounting revamp proposal

In June the FASB voted 7-0 for the more targeted update, even as some expressed concerns about not going far enough to modernize GAAP rules.

Trump tariff would cost households $3,000 next year: Tax Policy Center

Since Trump last year proposed a blanket import tax, several studies have indicated that the benefits of such tariffs would fall far short of the costs to U.S. households and economic growth.

Shutterstock promotes former Getty Images CFO to finance chief

Getty alum Rik Powell will move to Shutterstock's top financial seat as it focuses on continuing to improve revenues for its content segment.

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.

KPMG pilots AI agents

The Big Four accounting and consulting firm is interested in becoming a leader in the emerging AI agent space.

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.

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. 

$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.