Treasury: Page 5
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AICPA asks IRS for fresh cannabis tax guidance
The potential reclassification of marijuana as a Class III controlled substance has raised questions about tax benefits cannabis companies stand to gain.
By Maura Webber Sadovi • Oct. 22, 2024 -
Weakening manufacturing demand clouds economic outlook: Conference Board
Amid minor headwinds to economic growth, “client concerns have shifted from recession to re-acceleration,” according to analysts at Bank of America Securities.
By Jim Tyson • Oct. 21, 2024 -
Retail sales exceed forecasts, underscoring solid 2024 economic growth
Recent signs of vitality have prompted some economists to mark up growth forecasts, despite weakness in manufacturing and a hiring slowdown early in the summer.
By Jim Tyson • Oct. 17, 2024 -
NYSE poised to curb serial reverse stock splits
The New York Stock Exchange is proposing rule changes to protect investors from deeply distressed companies that are “inappropriate for trading.”
By Maura Webber Sadovi • Oct. 16, 2024 -
Female CFOs, CEOs at big companies outearn male counterparts
Women have made gains in recent decades at companies of all sizes but are far from attaining parity in all ways with men in the workplace, according to recent reports.
By Jim Tyson • Oct. 14, 2024 -
5 tips for businesses filing hurricane-related insurance claims
With Hurricanes Helene and Milton estimated to have cost tens of billions of dollars in damage, it’s important for businesses to carefully document the impact when filing insurance claims.
By Maura Webber Sadovi • Oct. 11, 2024 -
Opinion
Healthcare’s paper check disease
“The persistence of paper checks for patient refunds is not just an inconvenience — it's a symptom of a larger problem that threatens the very sustainability of healthcare organizations,” one software firm CFO writes in this opinion piece.
By Seton Marshall • Oct. 11, 2024 -
Core consumer price inflation rises 3.3%, outpacing expectations
Despite higher-than-forecast price pressures, John Williams, president of the Federal Reserve Bank of New York, said “inflation has come within striking distance of our 2% goal.”
By Jim Tyson • Oct. 10, 2024 -
C-suites say both Trump and Harris would hurt U.S. competitiveness: PwC
The hard-to-predict outcome from the Nov. 5 election has compelled CFOs to scale back business expectations and forgo investment, recent surveys show.
By Jim Tyson • Oct. 9, 2024 -
Small business uncertainty hits record high: NFIB
High borrowing costs, a major cause of uncertainty, show no signs of easing even though the Federal Reserve last month cut the main interest rate by a half percentage point.
By Jim Tyson • Oct. 8, 2024 -
3 CFOs gauge rate cut’s impact
The Fed’s rate cut has handed floating-rate debt borrowers an immediate tailwind but CFOs are still grappling with new strategies that the move could elevate.
By Maura Webber Sadovi • Oct. 1, 2024 -
Powell says Fed policymakers not ‘in a hurry’ to cut interest rates
“We’re recalibrating policy to maintain the strength in the economy, not because of weakness in the economy,” Federal Reserve Chair Jerome Powell said.
By Jim Tyson • Sept. 30, 2024 -
IPOs rebound through Q3 on prospect of falling interest rates: EY
Despite the emerging recovery, several headwinds to IPOs persist, including conflicts abroad and the hard-to-predict outcome of the Nov. 5 election, EY said.
By Jim Tyson • Sept. 27, 2024 -
GDP growth exceeds forecasts as Fed governor warns of excessive easing
Federal Reserve Governor Michelle Bowman was the sole policymaker to oppose a decision to cut the main interest rate by a half percentage point.
By Jim Tyson • Sept. 26, 2024 -
CFOs trim spending while facing hazy post-election prospects: Fed survey
The hard-to-predict outcome from the presidential election in November has shown several signs of sapping business confidence.
By Jim Tyson • Sept. 25, 2024 -
Services spur growth as coming election jars business confidence: S&P
“The economy continues to offer mixed signals about its underlying strength,” Minneapolis Fed President Neel Kashkari said Monday.
By Jim Tyson • Sept. 23, 2024 -
Most CEOs expect full return-to-office in 3 years: KPMG
There is a “widening gap” between how executives and employees think about their workplace environments that needs to be taken into account, the report warned.
By Maura Webber Sadovi • Sept. 20, 2024 -
Harris, Trump contest raises the stakes on six salient policy points: EY
“There are more similarities than many people realize between Harris and Trump on some key issues,” according to an EY political analyst.
By Jim Tyson • Sept. 20, 2024 -
CFOs shy away from risk amid hazy political outlook: Deloitte
Bolstering the case for CFO caution, the Conference Board’s Leading Economic Index declined in August for the sixth consecutive month.
By Jim Tyson • Sept. 19, 2024 -
Fed cuts main rate by half point, voices confidence inflation falling
The central bank trimmed borrowing costs from a two-decade high after policymakers noted their growing concern about softening in the labor market.
By Jim Tyson • Sept. 18, 2024 -
Retail sales highlight consumer strength as Fed mulls size of rate cut
Even with solid retail sales data, traders in interest rate futures increased odds that the Federal Reserve will cut the benchmark interest rate Wednesday by a half point.
By Jim Tyson • Sept. 17, 2024 -
Microsoft finance team puts Copilot to the test in transformation push
The software giant’s finance professionals have become some of Copilot's top users in the company, Microsoft’s Cory Hrncirik said.
By Alexei Alexis • Sept. 17, 2024 -
IMAX CFO: Taking a disciplined approach to movie magic
Dubbed a “homegrown talent” when named CFO in 2022, Natasha Fernandes says relationships forged in the finance trenches have been key to her success.
By Maura Webber Sadovi • Sept. 13, 2024 -
Inflation slows to three-year low, clearing way for Fed rate cut
The persistence of shelter cost inflation prompted futures traders to retreat from predictions that policymakers next week will cut the federal funds rate by a half point.
By Jim Tyson • Sept. 11, 2024 -
Small businesses bedeviled by inflation as Fed signals rate cut plan
Inflation persisted last month as the top concern among small businesses, the National Federation of Independent Business said.
By Jim Tyson • Sept. 10, 2024