The Latest
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Inflation surges most since 2022 as consumer sentiment hits record low
Concern about inflationary harm from the Iran war flared across all demographic groups — by age, income and political affiliation.
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xAI CFO departs, The Information reports
Morgan Stanley alum Anthony Armstrong reportedly left the SpaceX-owned subsidiary as the Musk-owned rocket-maker preps for an IPO which could value it in the trillions.
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British American Tobacco brings back company alum for CFO
The global tobacco company hires a new finance chief as it tries to boost sales of its “smokeless” products.
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Caterpillar insider to succeed retiring CFO
Andrew Bonfield, who has been the construction equipment maker’s finance chief for eight years, will serve in an advisory role through Oct. 1.
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Fintech firm Adyen targets CFOs’ treasury fragmentation problem
Financial operations at global enterprises remain “stubbornly complex,” as treasury teams juggle multiple banking and payment systems, the company said.
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Consumer spending inches up, reflecting gloomy inflation sentiments
Economists have voiced concern that a surge in energy prices since the start of the Iran war will fuel inflation and slow household outlays.
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SEC taps Gibson Dunn partner, former agency official to lead enforcement
The newly appointed enforcement director in 2023 criticized the approach to securities law by former SEC Chair Gary Gensler as “brash” and “regulation by enforcement.”
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Faire CFO sees board construction, evolution as key to growth
Jason Lee wants Faire’s board to be actively engaged and to share “sharp perspectives” that can help push management to achieve its strategic goals, he said.
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Courtesy of U.S. Attorney's Office, Southern District of New York
Super Micro launches new probe after co-founder’s indictment
The San Jose, California-based AI server maker, which was not named as a defendant in the indictment, has set no time-table for its independent investigation.
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Levi Strauss finance chief set to retire with $3M severance
Harmit Singh will remain at the finance helm until a successor is appointed, then serve as a special adviser through Nov. 30, the company said.
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Consumer inflation expectations jump amid Iran war price pressure
Energy prices rose Tuesday as President Donald Trump threatened to eliminate Iranian civilization if Tehran fails to open the Strait of Hormuz and meet other demands.
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How Wayfair alum Michael Fleisher crafts an ‘engaged’ board approach
Michael Fleisher will bring his lived experience at companies like Wayfair and Gartner to bear in joining his latest board as audit chair for wholesale retail platform Faire.
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FASB to monitor thorny data center trends
The new research project comes as disclosures and accounting treatment related to the way big tech companies are financing data center projects is drawing scrutiny.
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OpenAI urges tax policy rethink as AI heralds new economic era
The company floated a range of ideas, including levies on automated labor, to address growing concerns about the economic and societal impacts of AI.
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OneStream closes $6.4B go-private deal with Hg
The delisting comes less than two years after the office of the CFO software provider was taken public by investment firm KKR.
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Alamy
Former ADM CFO denies SEC’s accounting fraud allegations
The filing provides the first glimpse of the legal defense that Archer-Daniels-Midland’s ex-CFO Vikram Luthar will likely mount in the case.
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Services sector slows as Iran war fuels inflation: ISM survey
The Iran war creates “the potential for significant ongoing” oil shocks, persistent inflation and higher-than-expected interest rates, JPMorgan Chase CEO Jamie Dimon said.
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Oracle taps Schneider Electric alum for CFO amid AI spending surge
Oracle will rely on Hilary Maxson’s financial expertise as it continues an aggressive plan to fund expansion of data centers amid the AI boom.
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Wisconsin governor signs CPA licensing reform bill
The Badger State’s new CPA licensing rules took effect immediately as a surge of state legislatures sent similar bills to their governors’ desks.
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Broadcom swipes Alphabet CAO for CFO
Alphabet chief accounting officer Amie Thuener will take Broadcom’s financial reins as the company forecasts more than $100 billion in AI chip revenue by 2027.
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Hiring rebounds with 178,000 new jobs, unemployment dips to 4.3%
Even with a big gain in payrolls last month, several unusual forces are jolting the labor market and prompting companies to take a low-hire, low-fire approach to headcount.
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OpinionFX dos and don’ts for CFOs navigating currency volatility
Disciplined FX risk management matters more than market forecasts during periods of heightened volatility, U.S. Bank’s Paula Comings says.
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Economists see Iran war spurring inflation, slowing GDP growth: NABE
A “broadening of geopolitical conflicts” poses the biggest risk to the economy, according to 69% of respondents to a National Association for Business Economics survey.
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Beyond names new CFO with Container Store acquisition
The big box retailer named The Container Store CFO Brian LaRose as its next finance chief, and will acquire the company for $150 million in stocks and convertible notes.
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Tips for CFOs seeking tariff refunds
While IEEPA tariff refunds may take years to obtain, finance chiefs must take steps now to prepare their company to receive them, PwC’s Kristin Bohl advises.
