Strategy & Operations: Page 9
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Wells, PNC CFOs see office spaces leading CRE stress
“Older office buildings that are not renovated in certain areas of different cities are the places that you’re seeing the most stress,” Wells Fargo CFO Mike Santomassimo said Tuesday.
By Caitlin Mullen • June 12, 2024 -
Courtesy of JLL
Office fit-out cost growth downshifts to 2.7%: JLL
While U.S. and Canadian workers are typically in the office just 3.1 days a week, employers are still spending more when building new space.
By Maura Webber Sadovi • June 11, 2024 -
Explore the Trendline➔
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TrendlineCompensation: solving the cost-talent puzzle
In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.
By CFO Dive staff -
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Small business uncertainty rises as Fed mulls ‘higher-for-longer’ rates
Fed officials in a meeting Wednesday will likely downgrade from three to two their median projection for the number of quarter-point cuts in the federal funds rate this year, according to futures traders and economists.
By Jim Tyson • June 11, 2024 -
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IBM’s Apptio unit tests AI tool trained to tackle rising IT costs
The effort comes as many finance leaders are grappling with out-of-control cloud expenses.
By Alexei Alexis • June 11, 2024 -
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Few companies report solid EBIT gains from rush into GenAI: McKinsey
Seven out of 10 companies that use generative AI most effectively said they faced challenges in governing and integrating data, McKinsey said.
By Jim Tyson • June 10, 2024 -
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Sponsored by WilliamsMarstonNavigating the IPO journey: Key preparation considerations for CFOs
Market shifts call CFOs for an IPO preparation session.
June 10, 2024 -
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Quiet vacationing: What’s this summer work trend?
The workers who are afraid of taking PTO have come up with a complicated solution to their anxieties.
By Caroline Colvin • June 7, 2024 -
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Heed Corporate Transparency Act despite legal cloud, experts say
Passed in 2021, the law was designed to prevent bad actors from using legal entities to shield money laundering and other illicit activity.
By Chris Gaetano • June 7, 2024 -
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How big retailers are battling the last-mile delivery squeeze
Walmart, Target and Kroger executives pointed to price and technology improvements that they are using to offset cost pressures.
By Suman Bhattacharyya • June 7, 2024 -
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Cyberattacks pose mounting risks to creditworthiness: Moody’s
“As more data becomes available — thanks to recently adopted disclosure requirements — attacks continue to proliferate,” a Moody’s executive said.
By Jim Tyson • June 5, 2024 -
Courtesy of Consortium of Cybersecurity Clinics
Few CFOs control cybersecurity budgets. Here’s why more should.
Tech executives, not CFOs, most often call the shots on cybersecurity spending at middle market companies, according to a recent RSM US survey.
By Maura Webber Sadovi • June 4, 2024 -
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Forecasts for Fed rate cuts probably too optimistic, Summers says
“I don’t think we’re on a convincing trajectory to the 2% inflation target” set by the Federal Reserve, Former Treasury Secretary Larry Summers said.
By Jim Tyson • June 4, 2024 -
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Most M&A buyers would pay 3% extra for a company with a good ESG profile
ESG is playing a bigger role in dealmaking than ever before, Deloitte said.
By Jim Tyson • June 3, 2024 -
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Costco’s CFO calls $1.50 hot dog ‘safe’ in debut earnings call
The retailer’s new finance chief Gary Millerchip is staying the course on the company’s popular $1.50 hot dog and soda combo pricing.
By Maura Webber Sadovi • May 31, 2024 -
Getty Images via Getty Images
AI powers uptick in middle-market cyberattacks
“While AI is available to the good guys it’s also available to the bad guys” and it is cutting the time it takes to mount a cyberattack, RSM’s Tauseef Ghazi said.
By Maura Webber Sadovi • May 30, 2024 -
Jens_Lambert_Photography via Getty Images
NY Fed President Williams forecasts hitting 2% inflation goal in 2026
Price pressures will likely fall during the second half of 2024 as demand declines into better balance with supply, Williams said.
By Jim Tyson • May 30, 2024 -
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Competitive bidding used to reduce outside counsel fees in pharma case study
By giving law firms a chance to adjust their proposals, legal teams can engage litigation or transaction work at a lower cost than initially proposed, a white paper says.
By Robert Freedman • May 30, 2024 -
Justin Sullivan via Getty Images
Alphabet’s Google Fiber appoints its first CFO
John Abbot, a Goldman Sachs and Morgan Stanley alum, has taken Google Fiber’s finance reins.
By Maura Webber Sadovi • May 29, 2024 -
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‘Worst’ yet to come for commercial real estate: Conference Board
Many banks have pursued a policy of “extend and pretend” to avoid writing off troubled commercial real estate loans, according to a Conference Board economist.
By Jim Tyson • May 29, 2024 -
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65% of CFOs are building GenAI into their strategy: Billtrust
The study also found a significant knowledge gap, with only 49% of CFOs saying they felt “very knowledgeable” about GenAI's capabilities.
By Alexei Alexis • May 29, 2024 -
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‘Higher-for-longer’ rates saddle companies with $381B in added costs
"The new higher-interest-rate environment might trigger a decaffeinated repeat of the 2008 financial crisis,” according to a partner at Baringa.
By Jim Tyson • May 28, 2024 -
Courtesy of Gain Therapeutics
Gain biotech CFO aims past burn to budget for growth
The Bethesda, Maryland-based biotech, which is facing liquidity pressures, appointed Gene Mack as its new finance chief in April.
By Maura Webber Sadovi • May 28, 2024 -
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Nvidia shows off strength of AI with 262% sales jump
“The next industrial revolution has begun,” Nvidia CEO Jensen Huang said during an earnings call last week.
By Alexei Alexis • May 28, 2024 -
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Gensler slams crypto after House passes bill opening ‘regulatory gaps’
A growing number of companies in the U.S. and elsewhere have turned to digital assets as an alternative to conventional currencies, according to Deloitte.
By Jim Tyson • May 24, 2024 -
Matthew Eisman/Getty Images for Pandora Media via Getty Images
Spotify vet tapped for VF Corp.’s CFO chair
The appointment is part of a broader leadership shake-up at the struggling footwear company as it tries to restore profitable growth.
By Alexei Alexis • May 23, 2024
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