Treasury: Page 3
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Powell says ‘time has come’ for rate cut, cites weakening labor market
The Fed chair did not indicate the size of a coming interest rate reduction, keeping alive a debate on how far policymakers will cut borrowing costs.
By Jim Tyson • Aug. 23, 2024 -
Jobless claims edge up, amplifying Fed signals for rate cut
Payrolls in the 12 months ending in March may have grown 818,000 less than previously reported, according to federal data.
By Jim Tyson • Aug. 22, 2024 -
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 -
Economic data no longer herald recession: Conference Board
Several data points during the past two weeks paint a sunny outlook for the economy, discouraging forecasts of a downturn.
By Jim Tyson • Aug. 19, 2024 -
SEC imposes $390M in fines in crackdown on shoddy record-keeping
The agency that regulates Wall Street in the past year has slammed several financial services companies for flawed record-keeping.
By Jim Tyson • Aug. 15, 2024 -
Inflation slows to three-year low, clearing way for Fed rate cut
The central bank at a meeting next month will likely weigh cooling inflation against signs that the labor market is loosening up.
By Jim Tyson • Aug. 14, 2024 -
Producer price inflation slows, brightening outlook for Fed rate cut
The less-than-forecast gain in PPI last month bodes well for a decline in economy-wide price pressures in coming months.
By Jim Tyson • Aug. 13, 2024 -
SEC slaps $3.5M fine on former Ideanomics CEO for alleged fraud
Since its inception in 2004, Ideanomics has switched its business model at least three times, from video on demand to petroleum trading products to electronic vehicle services.
By Jim Tyson • Aug. 12, 2024 -
IRS restarts review of employers’ claims for pandemic tax credit
The agency last year suspended processing applications for the Employee Retention Credit after reports of fraud.
By Jim Tyson • Aug. 9, 2024 -
Jobless claims dip below forecasts in glimmer of hope for labor market
The report on initial jobless claims helped fuel a rebound in equity markets following news last week of job market weakness.
By Jim Tyson • Aug. 8, 2024 -
Delinquencies rise as household debt hits record high: NY Fed
Rising consumer debt and delinquencies, along with an increase in unemployment, have shown no signs of dampening consumer spending.
By Jim Tyson • Aug. 7, 2024 -
Job market setbacks do not ‘portend’ broad slump: Conference Board
Investors fearing a recession have pulled back from risk since a report on Friday that unemployment last month rose to 4.3%.
By Jim Tyson • Aug. 6, 2024 -
Fed’s Goolsbee seeks to cool speculation of sudden turn to rate policy
The central bank official cited signs of solid economic growth, including a 2.8%-annual-rate increase in gross domestic product during the second quarter.
By Jim Tyson • Aug. 5, 2024 -
Fed holds rates steady; points to ‘totality’ of data needed for potential September cut
The central bank continued to maintain rates at their 23-year high, but cracked open the door for a potential cut in September.
By Grace Noto • July 31, 2024 -
Deep Dive
7 CFO tips for yielding high ROI during the rush into generative AI
Financial executives willing to chance big spending on generative AI can take steps to reduce risk and seize the payoffs.
By Jim Tyson • July 26, 2024 -
Zelle, big banks challenge senators on scam reimbursements
Forcing banks to reimburse authorized payments could encourage bad behavior and would not deter scammers, bank executives said in a Senate hearing.
By Patrick Cooley • July 26, 2024 -
Deep Dive
‘Surge Moment’: Generative AI upends time-tested measurements of ROI
CFOs gauging the return on investment from generative artificial intelligence are trying to map fuzzy terrain, according to financial executives and AI experts.
By Jim Tyson • July 19, 2024 -
Opinion
Finance leaders need to move quickly to prep for the ‘tax trifecta’
U.S. businesses must begin scenario planning ahead of the presidential election to avoid being caught off guard by sudden shifts in tax policy, KPMG’s Rema Serafi writes.
By Rema Serafi • July 19, 2024 -
‘Say-on-pay’ proxy support rises despite concerns about PSUs: EY
The number of investor activist campaigns this proxy season rose to 691, a 2.4% increase compared with 2023, according to EY.
By Jim Tyson • July 17, 2024 -
CFOs plan to raise salaries 3.9% in 2025: WTW
U.S. companies are trimming salary increases as the labor market loosens, recovering from a pandemic period of high resignations, job hopping and wage gains.
By Jim Tyson • July 16, 2024 -
Powell says data lift Fed confidence inflation cooling toward 2% goal
Federal Reserve Chair Jerome Powell welcomed recent inflation data, including a report that the core consumer price index rose last month at the slowest pace since early 2021.
By Jim Tyson • July 15, 2024 -
BofA tackles digital banking’s transaction pain points
The latest CashPro platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email the bank.
By Maura Webber Sadovi • July 12, 2024 -
Fed will cut main rate before inflation falls to its 2% goal: Powell
A decline in the Federal Reserve’s preferred inflation measure to 2.6% has prompted policymakers to focus more on the cooling job market, Fed Chair Jerome Powell said.
By Jim Tyson • July 10, 2024 -
Powell spotlights risks to jobs, wants more gains against inflation
The job market in recent months has shown signs of returning to its pre-pandemic trend, with demand for labor easing and unemployment rising to 4.1% in June.
By Jim Tyson • July 9, 2024 -
Crypto theft doubles to $1.38B
The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.
By Alexei Alexis • July 8, 2024 -
Inflation persists as top concern among small businesses: U.S. Chamber
Businesses in services and manufacturing find price pressures more troublesome than their counterparts in other sectors, the U.S. Chamber said.
By Jim Tyson • July 3, 2024