Small businesses imperiled by credit crunch: Goldman

Federal Reserve officials begin meeting Tuesday to assess several crosscurrents in the economy as companies adjust to the highest borrowing costs in 22 years.

By Jim Tyson • Oct. 30, 2023

Gensler says single platform of AI data may trigger financial turmoil

While recognizing the transformative power of AI, Gensler said the technology will likely prompt “herding” in financial markets, creating instability.

By Jim Tyson • Oct. 25, 2023

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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

Risks to earnings put CFOs on defensive: AFP

Rising borrowing costs are straining balance sheets and complicating efforts by CFOs to refinance debt.

By Jim Tyson • Oct. 24, 2023

Fed warns of stability risk from $24T commercial real estate market

Prices for commercial properties slumped 3.9% from the second quarter of last year to Q2 2023, well below the 3.3% average annual growth beginning in 1997.

By Jim Tyson • Oct. 23, 2023

Crypto legislation would put US ‘back in the game,’ stakeholders say

A pair of House bills would help the industry gain clarity, scale digital asset products and promote financial inclusion, cryptocurrency stakeholders said Sunday on a panel at Money20/20.

By Anna Hrushka • Oct. 23, 2023

Same-day payments keep climbing: Nacha

Businesses are increasingly turning to same-day ACH payments this year, according to Nacha, a national clearinghouse that manages electronic money movement.

By Tatiana Walk-Morris • Oct. 23, 2023

CFOs should proceed cautiously as SBA loan access eases, experts say

The Small Business Administration's new loan rules are expanding credit access to more companies but experts warn that it could lead some borrowers to take on too much debt.

By Chris Gaetano • Oct. 20, 2023

Powell signals Fed likely to forgo rate hike on Nov. 1

After rapidly hiking rates to a 22-year high, policymakers aim to finely tune monetary policy and curb inflation to 2% without triggering a downturn. 

By Jim Tyson • Oct. 19, 2023

IRS extends tax relief to firms affected by attacks in Israel

The filing extensions come as U.S. Treasury Secretary Janet Yellen said it was too early to speculate on the economic consequences of the Israeli-Palestinian conflict.

By Maura Webber Sadovi • Oct. 17, 2023

Procurement must adapt to era of ‘sudden upheavals’: McKinsey

Even as supply chain disruptions wane, companies should adjust procurement to a period of volatile prices and global strife, McKinsey said.

By Jim Tyson • Oct. 16, 2023

Inflation persists above 2%, defying Fed

Core inflation sped up during the past two months, underscoring the central bank’s challenge of restoring price stability.

By Jim Tyson • Oct. 12, 2023

CFOs, treasurers earn top corporate accounting salaries: Robert Half

The median corporate CFO salary is $265K while treasurers at the 50th percentile in compensation earn $210K, a study finds.     

By Maura Webber Sadovi • Oct. 12, 2023

Inflation, worker scarcity slam small business confidence: NFIB

Optimism among small businesses has flagged even as economic growth this year has exceeded expectations.

By Jim Tyson • Oct. 11, 2023

Fed’s Waller pushes back on criticism of FedNow’s adoption rate

“We have got more in the pipeline and there are various estimates that could range from 250 to 350 by the end of the year, and they just continue to grow as banks do it,” the central bank governor said.

By Rajashree Chakravarty • Oct. 11, 2023

Fed Vice Chair Jefferson flags tightening from rising bond yields

Financing costs may have risen in recent weeks as investors upgrade their expectations for economic growth or alter their view of underlying risks, Jefferson said.

By Jim Tyson • Oct. 9, 2023

Hiring soars, validating Fed’s ‘higher for longer’ path

The yield on the benchmark 10-year Treasury note surged after the September payrolls report on expectations of strong economic growth.

By Jim Tyson • Oct. 6, 2023

PCAOB chief slams auditors for 40% error rate

The federal overseer of audit firms last year doubled the number of enforcement orders compared with 2021 and imposed record penalties.

By Jim Tyson • Oct. 5, 2023

US IPOs rise 20% YTD yet lag 2021 pace

IPO investors worldwide have become especially selective as central banks push up interest rates, raising the cost of capital, EY said.

By Jim Tyson • Oct. 2, 2023

CFOs worry most about rate hikes: Fed survey

While vexed by high borrowing costs, top financial executives see revenues rising next year and the economic landscape brightening.

By Jim Tyson • Sept. 29, 2023

California Gov. Gavin Newsom signs $20 fast food minimum wage into law

The deal, AB 1228, establishes a council with limited power to set the pace of wage increases until 2029, in what the SEIU calls a “historic” turn for labor.

By Aneurin Canham-Clyne • Sept. 29, 2023

Gensler warns federal shutdown would freeze IPOs, SEC enforcement

Democratic lawmakers predicted a partial government closure would harm the competitiveness of U.S. capital markets.

By Jim Tyson • Sept. 27, 2023

GTT self-reported accounting inaccuracies, earning penalty-free settlement with SEC

The company kept investigators apprised of its efforts to resolve account discrepancies stemming from integration problems after it acquired several companies, the agency says.

By Robert Freedman • Sept. 26, 2023

Employers to slow gain in salary budgets to 3.9% in 2024

The increase in inflation-adjusted wages has steadily declined since June along with many measures of overall price pressures.

By Jim Tyson • Sept. 25, 2023

Why EBITDA has such a strong hold on retail

Is it the 'Wild West' of measures or a fair predictor of long-term success? Either way, retailers won’t quit talking about EBITDA.

By Dani James • Sept. 25, 2023

Small business confidence hits post-pandemic high: U.S. Chamber

The outlook among small businesses has brightened as economists upgrade forecasts for economic growth this year and in 2024.

By Jim Tyson • Sept. 22, 2023