Inflation slows but probably not enough to deter Fed tightening

Central bank officials say they need to see consistent signs that price pressures are falling toward their 2% target before they declare victory against inflation.

By Jim Tyson • Aug. 10, 2022

Inflation anxiety hits highest level since 1979: NFIB

Small businesses flagged several reasons for pessimism beyond price pressures, including a tight labor market and crimped supply chains, NFIB found in a survey.

By Jim Tyson • Aug. 9, 2022

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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

Companies reporting weak earnings go unpunished

Several CFOs have announced disappointing second-quarter earnings while not triggering a decline in their company’s share price, FactSet said.

By Jim Tyson • Aug. 8, 2022

Business taxes in Manchin deal draw fire from Chamber of Commerce

Tax experts have warned CFOs to be on the lookout for a renewed push from President Biden’s administration for new or higher corporate taxes. 

By Maura Webber Sadovi • July 29, 2022

Fed makes second .75 rate hike in bid to tamp down runaway inflation

The second consecutive 75 point hike follows “worse than expected” June results, with Chairman Jerome Powell stating a strong labor market still belies a current recession.

By Grace Noto • July 27, 2022

Recession likely to begin in first quarter 2023: Fannie Mae

The Fed will probably succeed in slowing inflation but its withdrawal of stimulus may trigger a recession early next year, economists said.

By Jim Tyson • July 22, 2022

Coca-Cola CFO to take on additional role as president

Coca-Cola CFO John Murphy will also serve as company president following retirement of current president Brian Smith.

By Grace Noto • July 22, 2022

Six U.S. states cut corporate tax rates

Although only four states forgo a corporate income tax, six states this year have eased the tax burden on companies.

By Jim Tyson • July 15, 2022

Companies next year plan biggest average pay raise since 2008

In order to succeed in a highly competitive labor market, companies need to consider providing non-monetary benefits such as workplace flexibility in addition to pay raises, Willis Towers Watson said.

By Jim Tyson • July 14, 2022

Prices surge 9.1% as Fed girds for tougher inflation fight

The jump last month in “core prices” — excluding volatile food and energy — signals that inflation was widespread. 

By Jim Tyson • July 13, 2022

Inflation knocks small business expectations to record low: NFIB

Small businesses — a bellwether for U.S. economic trends — face persistent hiring challenges in a tight labor market.

By Jim Tyson • July 12, 2022

Auditors see inflation plaguing economy for at least 12 months: CAQ

High inflation and tight labor markets have compelled many CFOs to revise business plans during the past several months. Most audit partners see the two challenges persisting.

By Jim Tyson • July 8, 2022

Fed anticipated a big rate increase later this month, minutes show

Policymakers alarmed at their June meeting by mounting price pressures supported an aggressive pullback in stimulus to curb economic growth.

By Jim Tyson • July 6, 2022

How CFOs can free liquidity from insurance 'collateral jail'

Insurance collateral financing now offered by the 1970 Group is designed to solve a pain point that has long vexed treasurers and finance executives who opt for loss-sensitive policies to lower premiums.

By Maura Webber Sadovi • July 5, 2022

IPOs worldwide plunged 46% during first half 2022: EY

Many CFOs have held off on IPOs this year as high inflation, a pullback in monetary stimulus and sanctions following Russia’s invasion of Ukraine roiled equity markets.

By Jim Tyson • June 30, 2022

Cutting commodities as inflation hedge now 'team sport': Chatham

Companies are moving to reduce their commodities exposure to hedge against spiking inflation and recession fears, but doing so successfully means thinking about this as a “team sport,” Amol Dhargalkar, chairman of the board for Chatham Financial, said.

By Grace Noto • June 30, 2022

Fed inflation fight 'highly likely to involve some pain': Powell

Powell committed the Fed to hitting its 2% inflation target as rising prices undermined consumer expectations and increased the odds of a recession.

By Jim Tyson • June 29, 2022

Dobbs decision will cause worker retention challenges for CFOs

The overturning of Roe v. Wade will likely lead to sweeping logistical and worker retention challenges for CFOs and employers operating across state lines, experts say. 

By Grace Noto • June 29, 2022

Fundbox CFO: Shifting product strategies could help SMBs curb inflation

Smaller businesses must reconsider their product strategy to meet inflation challenges, Fundbox CFO Marten Abrahamsen said.

By Grace Noto • June 28, 2022

SPAC backing Trump issued grand jury subpoenas, shares plunge

Federal investigations of Trump’s attempted SPAC deal may set back his plan to build a social media channel and bounce back from his Twitter ban.

By Jim Tyson • June 27, 2022

Icahn sues, questions 'basic integrity' of trillion-dollar CMBS market

The suit comes as the pandemic accelerated changes in shopping and work habits that drive how retail and offices are used and valued, leaving financial executives to grapple with rising uncertainty around how to assess commercial real estate holdings. 

By Maura Webber Sadovi • June 17, 2022

FASB drops four-year project changing goodwill accounting

The U.S. accounting standard-setter shelved a proposal recasting how companies account for an estimated $3.6 trillion in goodwill on their balance sheets.

By Jim Tyson • June 16, 2022

Fed failure in fighting inflation 'not an option,' Powell says

The Federal Reserve announced a 0.75 percentage point increase in the main interest rate and indicated that policymakers plan more aggressive tightening in coming months.

By Jim Tyson • June 15, 2022

State Street looks to reduce bank spend, increase digital transformation

To navigate a “constantly changing” macro-economic environment, State Street is focusing on reducing its day to day technology spend in favor of more strategic operational investments in AI, automation and like technologies, according to its CIO and CFO.

By Grace Noto • June 13, 2022

May inflation spike likely to prod Fed to more aggressive action

May CPI data shows inflation rose 8.6% in the latest 12 months, its fastest in 40 years, extinguishing hopes inflation had reached its peak.

By Grace Noto • June 10, 2022