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Data privacy fears erode consumer trust in digital services
More than eight out of 10 consumers globally have abandoned an online brand over the past 12 months out of concern for their privacy.
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ServiceNow CFO pledges M&A ‘discipline’ amid AI mega-deal
The enterprise software company is seeking to acquire AI startup Moveworks for $2.85 billion.
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Retail sales lag expectations after falling in January
A report of weak retail sales in February aligns with a 0.5% decline in overall consumer spending in January.
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Children’s Place taps Ralph Lauren alum as CFO
Ralph Lauren alum John Szczepanski will join the retailer’s leadership team as it struggles with liquidity concerns and looks to cut costs and pay down debt.
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US immigration policy could hurt off-price retailers
Burlington, TJX and Ross stand to benefit from tariffs and consumer angst, but one of their most important customer bases is under extreme pressure.
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AI project failure rates are on the rise: report
The share of businesses scrapping most of their AI initiatives increased to 42% this year, up from 17% last year, according to S&P Global Market Intelligence.
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CFOs combat near COVID-era disruption levels with hedging, FP&A
Amid rising challenges from the Trump administration’s on-again-off-again tariffs, finance chiefs are facing intensifying pressure to quickly assess and offset risk.
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Smarsh CFO keeps eye on strategic growth opportunities
Smarsh CFO David Brolsma expects to see M&A tick up for fintech this year, as changing trends make potential acquisitions more strategically attractive for businesses.
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Tariffs trigger ‘horrific’ plunge in consumer sentiment
Federal Reserve officials, scheduled to assess monetary policy during a March 18-19 meeting, will likely zero in on a jump in long-term inflation expectations.
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Women unlikely to reach parity with men for 134 years: JPMorgan
In C-suites worldwide, women are far from attaining equal status, holding only about 10% of the most powerful roles such as CEO and CFO.
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Adobe touts 10% revenue growth amid AI push
The company’s introduction of new AI-enabled products is encouraging, although monetization is still “in the early stages,” a Morningstar analyst said.
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Stablecoin gets AICPA guidance aimed at promoting ‘transparency’
The new guidance aims to foster clearer and more comparable stablecoin issuer reports that help investors understand how the assets are being handled.
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ROI can bridge CFO, CMO language gap: InMarket CEO
Focusing the conversation around ROI can dissolve crucial language barriers between marketing and finance, InMarket CEO Todd Morris said.
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Cigna promotes insider to CFO role in C-suite reshuffling
Cigna promoted Brian Evanko to chief operating officer and named a new CFO in his place, while Eric Palmer will be leaving the company as an apparent victim of the restructuring.
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Utah becomes latest state to pass new CPA licensure pathway legislation
Utah joins Virginia and Ohio in passing legislation providing a route to CPA licensure that doesn’t require 150 hours of college credit.
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Inflation rises less than expected as new tariffs spur price worries
Concern about the inflationary impact from tariffs has eroded confidence among both businesses and consumers, according to recent surveys.
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CFOs expect consumers to feel brunt of tariff pain
Seventy-one percent of finance leaders view the current environment as “somewhat or highly unfavorable” for their business, a Gartner poll found.
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Inflation heats up to 3% as Trump calls on Fed to cut main rate
The unexpected rise in price pressures prompted futures traders to increase the odds that the Federal Reserve will hold the benchmark rate at its current range beyond May.
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PCAOB fines global KPMG firms $3.3M
The audit watchdog imposed fines as high as $700K on nine KPMG member firms for failing to disclose other accounting firms involved in audits, among other quality control violations.
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Small business optimism sags amid ‘uncertainty whiplash’: NFIB survey
“The economy is still growing, but at a slower and slower rate — storm clouds are forming,” the NFIB said.
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Jet firm Wheels Up taps GE veteran for CFO
John Verkamp is joining the private aviation company roughly two years after it was thrown a lifeline in the form a $500 million investment from Delta Air Lines and other investors.
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Rivian swipes Tesla vet for CAO
Former Tesla VP of Finance Sreela Venkataratnam will receive a $20,000 cash bonus from Rivian as part of her compensation package, the company said.
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Oracle exec signals all-in AI agent strategy as competition heats up
The software giant is among several enterprise software companies that have begun rolling out products leveraging the nascent technology.
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Beyond names new principal exec, expands CFO’s role
Dave Nielsen left the principal executive officer role effective Monday. The company also named a COO and elevated its CFO to president.
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Costco CFO says 50 cent wage increase poses expense ‘headwind’
CFO Gary Millerchip said Thursday that Costco will continue looking for ways to offset the expected impact of its new employee agreement on SG&A.