The Latest
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Executives put the spotlight on AI’s reliability issue
Only 35% of leaders say AI consistently delivers business outcomes, earns regulator confidence and allows control, according to a report from HFS Research and TCS.
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Managers are AI’s best ‘lever,’ Gallup analyst says
The new AI duties come as the average number of employees reporting to managers has risen by nearly 50% since 2013, according to Gallup.
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Most consumers save no money as inflation erodes buying power: EY
The share of credit card balances delinquent for more than 90 days rose to 12.8% in the first quarter of this year from 7.6% in the third quarter of 2022, the Federal Reserve Bank of New York reported.
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Bakkt names new CFO in stablecoin growth push
Equifax alum Matthew White is taking the CFO reins as Bakkt looks to execute on its ongoing pivot to becoming a stablecoin infrastructure provider.
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SEC says it will stop responding to no-action requests ‘entirely’
After sitting out the bulk of the no-action process in the 2025-26 proxy season, the SEC is now considering broader changes to the rule governing shareholder proposals.
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Washington DC mayor signs CPA licensing legislation
The act, which eases educational requirements needed to become a certified public accountant, must now undergo a 30-day congressional review.
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Retail sales fall 0.6% as consumers see inflation eroding buying power
Only 8% of consumers believe their incomes will grow faster than inflation in the current year, a 10 percentage point decline from December 2024, according to a University of Michigan survey.
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Trump Media CFO offloads shares after crypto losses
The Truth Social parent’s CFO, CTO and interim CEO sold thousands in shares as the “crypto winter” in H1 of 2026 shaved off millions in value for the business, according to company filings.
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CFO retirements during first half of 2026 hit 8-year high: Russell Reynolds
Rising retirements may be “encouraging organizations to consider a broader range of first-time candidates,” according to a Russell Reynolds report.
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Cisco security revenue jumps 14% as agentic AI sharpens cyberattacks
AI agents are driving demand for cybersecurity tools as companies confront increasingly sophisticated threats, CEO Chuck Robbins said.
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Centuri hires Halliburton alum for CFO
The energy firm named a new CFO and new legal leader as it continues to face economic headwinds including high fuel prices.
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AI drives spike in class action filings
A growing number of federal lawsuits involve AI development, data centers, and AI hardware or infrastructure matters, Cornerstone found.
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Inflation dips, affirming Fed decision to keep interest rates steady
By the end of 2026 inflation will probably cool to 2.7% due to declining costs for transportation and healthcare, LPL Financial Chief Economist Jeffrey Roach said.
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Chicago Mayor taps Fitch veteran for CFO
Ashlee Brianne Gabrysch was named Chicago’s next finance chief after a series of high profile financial leaders have abruptly exited City Hall.
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Ex-hedge fund CFO pleads guilty to $3M embezzlement scheme
The former finance chief used fake invoices and put unauthorized personal expenses on credit cards to steal money from his employer, prosecutors said.
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Healthcare CFOs face decision readiness gap: Deloitte
The findings could reflect a “mismatch” between expanding expectations for CFOs and the support systems available to finance teams, Deloitte said.
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USA Swimming CFO placed on leave after arrest: reports
Cory Hilliard was charged Monday with misappropriating funds for his own personal use while working at University of Colorado Boulder between 2021 and 2025.
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Small business optimism rebounds to highest level since Aug. 2025: NFIB
Small businesses last month scaled back both actual and planned price increases for the first time this year, the National Federation of Independent Business said.
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Court approves forensic review of ex-Flex CFO candidate’s personal devices
A ‘forensic vendor’ will look through Alex Anderson’s personal computer and devices to secure confidential information relating to Flex, according to the order.
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OpenAI CFO touts move toward ‘zero-day close’
Writing in a blog post, CFO Sarah Friar outlined her strategy for transforming the company’s finance department into an “AI-native function.”
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1 in 4 companies delay or cancel an AI project over cost
Rising volatility around AI costs is putting increased pressure on CFOs for financial discipline.
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Courtesy of Vista Global
Why Vista’s CFO favors subscription pricing models for jets
As many companies experiment with new pricing models, the private aviation firm’s finance chief said she still favors multi-year contracts.
Updated Aug. 11, 2026 -
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‘Historic’ labor market shrinkage highlights need for AI: Brusuelas
A pullback from employment by workers age 65 and older may partly allay concerns that demand for artificial intelligence will fall short of a coming surge in supply.
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Incoming ZipRecruiter CFO tackles strategy, capital allocation in ‘listening tour’
Carmen Chan has already “gone deep” with key product, revenue and finance teams at the job marketplace as she prepares to serve as ZipRecruiter’s CFO.
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Former acting IRS head warns of tax compliance ‘race to the bottom’
The tax agency has faced steep budget cuts since Douglas O’Donnell stepped down from serving as acting commissioner in early 2025.
