Treasury: Page 7
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Yellen says commercial real estate losses may leave banks ‘quite stressed’
Bank regulators aim to avert turmoil caused by a slump in the value of commercial real estate, Treasury Secretary Janet Yellen said in testimony to a House committee.
By Jim Tyson • Feb. 6, 2024 -
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Fed pivots to considering when to cut main interest rate: Powell
Inflation will likely cool during the first six months of 2024, Federal Reserve Chair Jerome Powell said, adding that the central bank is unlikely to reduce borrowing costs in March.
By Jim Tyson • Feb. 5, 2024 -
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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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US economy will likely cool as ‘real’ interest rates rise: ACCA
As the economy avoided a downturn last year, confidence among CFOs rebounded close to the long-term average, the ACCA said.
By Jim Tyson • Feb. 2, 2024 -
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Productivity rebound buoys profits, blunts inflation, validates streamlining
A leap in productivity may reflect a post-pandemic readjustment rather than a lasting trend in higher efficiency, Federal Reserve Chair Jerome Powell said.
By Jim Tyson • Feb. 1, 2024 -
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Fed holds main rate steady, wants ‘greater confidence’ inflation falling
The central bank dropped a prior reference to “additional policy firming” but gave no support to market expectations that it will soon reduce interest rates.
By Jim Tyson • Jan. 31, 2024 -
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Consumer confidence, job openings rise as Fed favors holding rates high
The Federal Reserve on Wednesday will probably keep the main interest rate as the highest level since early 2001 as the economy shows signs of unexpected strength.
By Jim Tyson • Jan. 30, 2024 -
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76% of companies link pay to ESG performance in rising trend: WTW
The biggest companies are weaving ESG into pay incentives despite a backlash against the use of sustainability as a metric for corporate performance.
By Jim Tyson • Jan. 24, 2024 -
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Future of labor’s ‘Great Reset’ is murky
While 2023 saw SAG-AFTRA and other big labor actions, CFOs still hold some strong cards as inflation and automation raise workers’ job security concerns.
By Chris Gaetano • Jan. 23, 2024 -
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Recession odds fall below 50% amid rising sales, profits: NABE survey
The mix of slowing inflation and cooling demand has prompted many economists to abandon forecasts for a decline in gross domestic product in 2024.
By Jim Tyson • Jan. 22, 2024 -
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Audit committees in 2024 face rising tax, AI, regulatory challenges: EY
A barrage of business risks may intensify this year, and audit committees need to help C-suite executives limit potential losses and seize opportunities, EY said.
By Jim Tyson • Jan. 18, 2024 -
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Retail sales exceed forecasts, highlighting steady consumer-fueled growth
Robust retail sales defy predictions that trends such as declining savings and a cooling labor market will inhibit consumer spending.
By Jim Tyson • Jan. 17, 2024 -
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CEOs see ballooning federal debt as biggest business threat: Conference Board
Congressional leaders wrangle over federal spending and struggle to avert a government shutdown as business leaders fret over the worsening fiscal outlook.
By Jim Tyson • Jan. 16, 2024 -
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5 hot spots on bankruptcy experts’ watchlists
U.S. bankruptcies rose 18% year-over-year in 2023. CFOs will likely need to navigate deepening distress again this year, experts say.
By Maura Webber Sadovi • Jan. 12, 2024 -
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IRS streamlining falls short despite budget boost: Taxpayer Advocate
Although improving some taxpayer services, the IRS has overstated its progress by claiming to answer 85% of calls, the national taxpayer advocate said.
By Jim Tyson • Jan. 12, 2024 -
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Inflation inches up, signaling prospect of extended Fed inflation fight
The consumer price index last month rose more than anticipated, with gains in the cost of services staying stubbornly high.
By Jim Tyson • Jan. 11, 2024 -
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OpinionAR sobriety: How to cut your losses
Late payments mean your company is effectively loaning money at zero interest. It’s time to tighten your billings and collections systems, Dean Kaplan writes.
By Dean Kaplan • Jan. 10, 2024 -
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Economic growth will slow to 1.6% in 2024 as high rates bite: World Bank
The most restrictive monetary policy in 40 years will weigh on growth but probably not trigger a downturn this year and in 2025, the World Bank said.
By Jim Tyson • Jan. 10, 2024 -
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Deep DiveSeeking ‘Goldilocks’: 5 CFO trends for 2024
Financial executives in the new year must protect profits by adapting to trends ranging from falling price pressures and borrowing costs to federal disclosures on carbon emissions.
By Jim Tyson • Jan. 9, 2024 -
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Deloitte rolls out in-house generative AI platform for coding, researching
Around 75,000 employees are beginning to use PairD to assist with daily tasks. The firm expects a total of 100,000 workers will gain access to it in the next six months.
By Lindsey Wilkinson • Jan. 8, 2024 -
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17 states are cutting income taxes this year
Among the states with lower tax burdens is Arkansas, where corporate income tax rates are dropping to 4.80% this year from 5.30%.
By Maura Webber Sadovi • Jan. 5, 2024 -
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Bankruptcies surge 18% in 2023 as more distress looms
The rise in business failures was one of the darker pieces of last year’s economic puzzle.
By Maura Webber Sadovi • Jan. 4, 2024 -
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Chevron blames regulations, cleanups for $4B write-off
The energy giant said California’s regulatory landscape and cleanup of decommissioned Gulf of Mexico sites are estimated to cost the company at least $3.5 billion.
By Lamar Johnson • Jan. 4, 2024 -
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IRS unlocks 15% corporate minimum tax’s handcuffs
The guidance is the latest in a slew of IRS directives issued as questions have swirled around the new tax on big companies.
By Maura Webber Sadovi • Jan. 3, 2024 -
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CFO optimism rises on outlook for 2024 economy: Fed
Financial executives expect solid business performance in 2024, forecasting on average 5% revenue growth and a 2.7% expansion in payrolls.
By Jim Tyson • Jan. 2, 2024 -
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Fifth Third shakes up executive suite
The Cincinnati lender is getting a new COO, CFO and treasurer, all from the inside.
By Gabrielle Saulsbery • Dec. 20, 2023
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