The Latest
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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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Permission granted by Intuit Enterprise Suite
Sponsored by Intuit Enterprise SuiteFrom scrappy to scaled: How CFOs adapt as business growth increases operational complexity
As growth introduces complexity, the ability to unify data and act on it quickly is what allows finance to scale alongside the business.
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TrackerTracking CPA licensure paths: Removing the 150-hour-rule hurdle
State changes to licensing rules are chipping away at a decades-old system that has largely required CPA candidates to complete what effectively amounts to a fifth year of schooling.
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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.
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SEC moves to narrow application of strict audit, reporting rules
The agency says the reforms are part of a broader effort to ease regulatory burdens and encourage more companies to go and stay public.
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FASB finalizes new environmental credit rules
Previously GAAP provided no specific guidance to help companies account for carbon offsets and emissions allowances related to cap-and-trade programs.
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Philip Morris appoints insider as group CFO
Group insider Massimo Andolina will step in as CFO for the tobacco company in August, as PMI looks to grow its smoke-free product range.
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Inspired pulls new CFO from ranks
The gaming company appointed former Walgreens Boots alum Craig Wilson as its CFO amid a shift in focus to its digital content business.
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Texas Stock Exchange hires first CFO as launch nears
Jaime Gow’s appointment comes roughly two months before trading on the upstart Texas exchange is expected to launch in July.
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OneStream expands AI strategy, adding interoperable agents
The company’s latest rollout centers around a “finance agentic layer” that can work with external systems including ChatGPT and Claude.
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OpinionBreaking the fire-drill cycle in tax compliance
Embedding AI in the core finance function can replace reactive fire drills with continuous, policy-aligned performance, writes SAP’s Lawrence Martin.
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Standard Chartered taps investor relations head for CFO
Costello will step in as group CFO for Standard Chartered as the bank moves forward with stablecoin expansion and preps for its upcoming investor day.
