Risk Management: Page 7
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Inflation rises, underscoring Fed’s challenge achieving 2% target
Traders in interest rate futures were unfazed by the report of persistent inflation, raising the odds that policymakers will trim the main interest rate.
By Jim Tyson • Dec. 11, 2024 -
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Small business optimism surges to highest level in three years: NFIB
CEOs at the largest U.S. companies also see good times ahead, according to the Business Roundtable.
By Jim Tyson • Dec. 10, 2024 -
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FTC warns 21 healthcare marketers against deceptive claims
The warnings come less than a week after the fatal shooting of a UnitedHealthcare CEO unleashed expressions of anger on social media about health insurer practices.
By Maura Webber Sadovi • Dec. 10, 2024 -
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US poised for AI policy shake-up under Trump
The signs of a coming shift include Trump’s decision to tap former PayPal executive David Sacks as “AI and crypto czar,” according to attorneys at Perkins Coie.
By Alexei Alexis • Dec. 10, 2024 -
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Credit risk rising as cyber attackers strike larger companies: Moody’s
Cybercriminals are increasingly deploying generative AI tools in their efforts at ransomware and fraud, Moody’s Ratings said.
By Jim Tyson • Dec. 9, 2024 -
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Hiring rebounds amid hurricane, strike recovery as jobless rate edges up
Traders in interest rate futures raised the odds that the Federal Reserve will cut the federal funds rate by a quarter point on Dec. 18.
By Jim Tyson • Dec. 6, 2024 -
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Super Micro proposed class actions head toward consolidation
Litigation alleging Super Micro, its CEO and CFO misled investors is poised to heat up. But an AI supercomputer project the company is involved in got a shout-out from Elon Musk.
By Maura Webber Sadovi • Dec. 6, 2024 -
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Health insurers remove executive bios, images from websites after UnitedHealthcare CEO killing
UnitedHealth, Elevance and some BCBS plans have deleted senior leadership pages from their corporate sites, while Centene and CVS scrubbed images of their executives online.
By Rebecca Pifer • Dec. 6, 2024 -
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Powell says solid economy gives Fed time to mull rate cut pace
Powell’s comments align with those of other Fed officials in recent days who backed a cautious approach to future reductions in borrowing costs.
By Jim Tyson • Dec. 4, 2024 -
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Trump taps crypto lobbyist, business consultant to lead SEC
Trump’s nominee, Paul Atkins, served as a commissioner at the SEC under former President George W. Bush.
By Alexei Alexis • Dec. 4, 2024 -
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Super Micro heeds committee call for new CFO amid process ‘lapses’
The tech company probe’s findings come on the heels of Big Four firm EY resigning in October from its position as Super Micro’s registered public accounting firm.
By Maura Webber Sadovi • Updated Dec. 4, 2024 -
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Racial diversity falling among new corporate directors: Conference Board
The Securities and Exchange Commission is considering recommending a rule requiring companies to disclose more about diversity on their boards.
By Jim Tyson • Dec. 3, 2024 -
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US manufacturing shrinks for eighth straight month: ISM
Some concerns about federal policy have eased since the November election, giving C-suite executives firmer footing as they complete business strategies for 2025.
By Jim Tyson • Dec. 2, 2024 -
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Inflation accelerates as Fed officials view easing with caution
Some Federal Reserve officials said at a policy meeting this month that the central bank may hit its 2% inflation target later than expected.
By Jim Tyson • Nov. 27, 2024 -
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Macy’s says accountant hid as much as $154M in expenses
The deliberately misleading accounting of expenses since the fourth quarter of 2021 did not disrupt cash management or vendor payments, Macy’s said.
By Jim Tyson • Nov. 25, 2024 -
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Rise in US health benefit costs to accelerate to 10.2% next year: WTW
More than half of employers plan to trim health care costs by implementing strategies such as pharmacy benefit management, WTW said.
By Jim Tyson • Nov. 22, 2024 -
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SEC’s Gensler to step down Jan. 20 after robust rulemaking, enforcement
The SEC, in one of its most far-reaching changes under Gensler, adopted rules to channel more trading of Treasury securities into central clearinghouses and curb illiquidity risks.
By Jim Tyson • Nov. 21, 2024 -
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KPMG to invest $100M in Google Cloud effort
The move expands an existing alliance as KPMG looks to bolster its consulting services, including by developing advanced generative AI agents.
By Alexei Alexis • Nov. 21, 2024 -
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3 CFO steps for finding opportunity in geopolitical instability: McKinsey
The financial and political order built after World War II faces mounting challenges to the flow of goods, capital and services and outright conflicts in the Middle East and Ukraine.
By Jim Tyson • Nov. 19, 2024 -
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Spirit Airlines cleared $5.4M in retention awards before bankruptcy
The budget airline’s CEO will receive a $3.8 million retention payment while its CFO will get $175,000, according to an SEC filing.
By Maura Webber Sadovi • Nov. 19, 2024 -
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Audit committees expand oversight to ESG, cybersecurity, AI: EY
Nearly four out of five investors said boards should demonstrate expertise in climate, cybersecurity and other risks by detailing their work to limit such hazards, EY said.
By Jim Tyson • Nov. 18, 2024 -
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Spirit CFO says post-pandemic airline sector is ‘unrecognizable’
Budget carriers like bankrupt Spirit Airlines have been “disproportionately” affected by industry headwinds as they rely on “much slimmer margins,” CFO Fred Cromer writes.
By Maura Webber Sadovi • Nov. 18, 2024 -
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Retail sales rise in hint of cheer for holiday consumer spending
Recent signs of robust consumer spending and persistent inflation prompted Wall Street to reduce the odds that the Fed will cut the main interest rate by a quarter point at its December meeting.
By Jim Tyson • Nov. 15, 2024 -
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How Trump 2.0 could revamp tax policy
Businesses need to prepare for potentially “fast moving” changes to tax policy as questions swirl around President-elect Trump’s plans, EY’s Martin Fiore said.
By Maura Webber Sadovi • Nov. 15, 2024 -
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Economists predict above-trend economic growth in 2025: Wolters Kluwer
Economists at companies ranging from Goldman Sachs to Ford Motor and KPMG to Wells Fargo now see only a 27% probability of recession in the next 12 months.
By Jim Tyson • Nov. 14, 2024
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