SEC fines Monolith for violating whistleblower safeguards

Privately held companies, like their publicly traded counterparts, must uphold SEC-mandated safeguards for whistleblowers, the agency said.

By Jim Tyson • Sept. 11, 2023

Investor coalition lobbies standard setter to prioritize human and workers’ rights

ShareAction’s letter urges the International Sustainability Standards Board to also look at human capital and human rights together when it considers disclosures reporting.

By Lamar Johnson • Sept. 11, 2023

Women executives may reach leadership parity by 2030: S&P

Despite recent advances, women worldwide are unlikely to attain gender parity throughout the labor force for several decades, according to recent research.

By Jim Tyson • Sept. 8, 2023

New KPMG task force to zero in on ‘responsible AI’

The group’s creation comes as concerns surrounding the ethical use of generative AI tools continue to grow.

By Grace Noto • Sept. 8, 2023

SEC fines Fluor $14.5M for accounting flaws

Fluor last decade failed to deploy the internal controls needed for its use of the percentage of completion accounting method, the SEC said.

By Jim Tyson • Sept. 7, 2023

Fed reports ‘modest’ economic growth, slowing inflation

The central bank’s aggressive monetary tightening will likely curb inflation without triggering a recession, former St. Louis Fed President James Bullard said.

By Jim Tyson • Sept. 6, 2023

CFOs are ‘squarely’ in ERP decision process, Deloitte’s Farhat says

Transformation is a key way for CFOs to cut costs and boost profit, but finance chiefs need to keep compliance front and center, Deloitte’s Isa Farhat advises.

By Grace Noto • Sept. 6, 2023

Most CFOs aim to ‘build a new business’: McKinsey

Top financial executives have shifted to a more optimistic point of view after focusing during the past 12 months on containing credit, liquidity and market risks.

By Jim Tyson • Sept. 5, 2023

SEC cyber rules go into effect, raising stakes for CFOs

Armed with its new rules that expand on prior guidance, the regulator could be poised to double down on aggressive cybersecurity enforcement, experts say.

By Alexei Alexis • Sept. 5, 2023

Vanguard joins BlackRock in pouring cold water on ESG proposals

The nation’s two largest asset management firms supported fewer environmental and social proposals in 2023, as companies voted on a record number of ESG proposals.

By Lamar Johnson • Sept. 1, 2023

Scenario planning blunts Yellow bankruptcy’s impact

Many of the 99-year-old trucking firm’s customers moved their business to other providers in anticipation of the carrier’s collapse, experts say.

By Chris Gaetano • Sept. 1, 2023

Inflation edges up as consumers boost spending

Consumers in July increased spending on a broad range of goods and services as the highest federal funds rate in 22 years showed few signs of slowing economic growth.

By Jim Tyson • Aug. 31, 2023

Flawed accounting surges 150%: Glass Lewis

Company reports during the 2023 proxy season reveal that many newer businesses have had to correct financial statements and upgrade internal controls.

By Jim Tyson • Aug. 30, 2023

Falling job openings bolster case for pause to Fed rate hikes

A decline in job vacancies prompted traders in interest rate futures to increase odds that the Federal Reserve will not alter monetary policy at its September meeting.

By Jim Tyson • Aug. 29, 2023

Cyber insurance providers increase scrutiny on enterprise risk, report finds

Policyholders face higher costs and additional exclusions, even as the market stabilizes, a study on behalf of Delinia found.

By David Jones • Aug. 29, 2023

SEC signals sharper scrutiny of soured real estate loans

A report from the Arnold & Porter law firm warns “accounting for expected credit losses will be a high priority for bank examiners and the staff of the SEC.”

By Maura Webber Sadovi • Aug. 28, 2023

Trump’s tariff would shrink GDP 1.1%: Tax Foundation

A new, far-reaching round of tariffs promoted by Trump would harm profits and productivity at U.S companies, according to a recent report.

By Jim Tyson • Aug. 28, 2023

Cyberattackers have upped their game. Have a recovery plan ready.

With a good plan, data can be quickly restored after a ransomware attack, bringing systems back online without the need for a hefty payment to a cybercriminal, writes Object First’s Anthony Cusimano.

By Anthony Cusimano • Aug. 28, 2023

4 takeaways from Powell’s Jackson Hole speech

Inflation is down from last year, but the Fed plans to keep on the path of restrictive monetary policy until it's at 2%, the central bank’s chair said.

By Gabrielle Saulsbery • Aug. 25, 2023

How CFOs can trade ‘Dr. No’ role for stickier customers

Advances in AI can help executives balance the tension between cost efficiencies and satisfied customers, AlixPartners’ Saurabh Singh and Jason McDannold assert.

By Saurabh Singh and Jason McDannold • Aug. 24, 2023

CFO recession fears ease: PwC

C-suite economic optimism is growing, but executives remain split on the possibility of a recession.  

By Grace Noto • Aug. 22, 2023

CSX CFO downplays UAW strike threat

Auto manufacturers are key customers for freight rail operator CSX, but CFO Sean Pelkey is betting that any strike would be “short lived.”

By Chris Gaetano • Aug. 17, 2023

Recession warnings persist even amid signs of strength

A robust job market and persistent economic growth have not silenced alarms of an imminent downturn.

By Jim Tyson • Aug. 17, 2023

M&A plunged 39% in Q2 amid rising interest rates

Sustained economic growth and the prospect of an end to monetary tightening may spur dealmaking during the second half of 2023, top executives said in quarterly earnings calls.

By Jim Tyson • Aug. 16, 2023

SEC cyber rules ignite tension between reputation and security risk

The rules, which take effect Sept. 5, encountered mixed reactions. Some champion board-level cyber accountability. Others say the rules are too big of a lift.

By David Jones • Aug. 15, 2023