Ex-CFO sentenced for tax evasion, hiding offshore accounts

The former CFO of a Russian natural gas company was also ordered to pay a $350,000 fine and more than $4 million in restitution to the U.S.

By Alexei Alexis • Sept. 22, 2023

Treasurers turn to large banks to buffer risks

While most treasury professionals focused on macroeconomic risks, some are taking steps within their organizations to control what they can.

By Chris Gaetano • Sept. 21, 2023

Explore the Trendline➔

Compensation: 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

CFO optimism rebounds on brighter economic outlook: Deloitte

CFO expectations for revenue, earnings and hiring have improved since the second quarter, Deloitte said.

By Jim Tyson • Sept. 21, 2023

Fed forgoes rate hike, signals another increase in 2023

Policymakers have kept the main rate unchanged during two of their six meetings this year as price pressures gradually ease.

By Jim Tyson • Sept. 20, 2023

High rates, fading consumption will stifle growth: Fannie Mae

As the Fed sustains monetary tightening, the economy in coming months will likely slow — or shrink outright, economists said.

By Jim Tyson • Sept. 19, 2023

FASB hands businesses some tax wins

The FASB made a few changes that companies wanted before moving forward with new tax rules last month, KPMG Partner Brett Weaver said.  

By Maura Webber Sadovi • Sept. 18, 2023

SEC fines Lyft for failing to disclose $424M, pre-IPO stock sale

Lyft is required under federal securities laws to disclose stock transactions exceeding $120,000 that involve a person with ties to the company, the SEC said.

By Jim Tyson • Sept. 18, 2023

Inflation exceeds forecasts as fuel prices surge

Despite rising price pressures, futures traders believe the Federal Reserve will forgo a rate hike after a monetary policy meeting next week.

By Jim Tyson • Sept. 13, 2023

Brookings’ Klein calls for regulators to speed up ‘tepid’ FedNow adoption

It’s risky to rely entirely on market forces to drive the use of the Fed’s new instant payments service, says Brookings Senior Fellow Aaron Klein.

By Suman Bhattacharyya • Sept. 13, 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

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

FASB raises tax transparency bar

The third time turned out to be the charm for the FASB’s standards update that will require companies to disclose more tax information.

By Maura Webber Sadovi • Sept. 5, 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

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

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

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

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

CEOs plan to raise wages at least 3%: Conference Board

U.S. companies across a range of industries seek to gain an edge in an unusually tight labor market by increasing pay.

By Jim Tyson • Aug. 14, 2023

CEOs plan for recession despite steady growth

Top executives are preparing for a downturn, a CEO survey showed, despite 2.4% growth, slowing inflation and brighter consumer sentiments.

By Jim Tyson • Aug. 11, 2023

Inflation cools, validating slowdown in Fed rate hikes

Although gains in the prices of many goods and services slowed in July, shelter and fuel costs rose at rates that may limit disinflation in coming months. 

By Jim Tyson • Aug. 10, 2023

Small business pessimism eases: NFIB

Many economists have recently scuttled recession forecasts even as most small businesses still complain about persistent inflation and a tight labor market.

By Jim Tyson • Aug. 8, 2023

CVS ties customer experience to compensation

How customers perceive a brand based on every interaction with it should be measured across multiple lines of business, CVS Health’s Srikant Narasimhan said.   

By Suman Bhattacharyya • Aug. 4, 2023

M&A slump raises bar for seller CFOs

The mergers and acquisitions boom is long over. The best CFOs are cleaning up their books and arming their CEOs with key data to win offers anyway.

By Chris Gaetano • Aug. 3, 2023

UPS-Teamsters deal: 8 highlights in tentative contract

Here’s a deeper look at the planned changes shippers and businesses that rely on UPS can expect, including less reliance on the U.S. Postal Service and a bargaining process for drone use.

By Max Garland • Aug. 3, 2023

CFOs see brighter economic prospects: survey

Optimism in the economic outlook is far stronger in North America than in Europe and Asia, according to two accounting organizations.

By Jim Tyson • Aug. 2, 2023