The Latest

  • Header image for "Consumer Confidence Falls 3 Points, But Spending Remains Resilient"
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    Weaker consumer spending to trigger mild recession in 2024: Fannie Mae

    Consumer sentiment sagged this month, a survey showed, bolstering forecasts that holiday sales and consumer spending will decline in coming weeks.

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    wakila via Getty Images
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    Sponsored by Bellus Ventures

    Structure matters: How ITC transfers mitigate risk and maintain compliance

    The Investment Tax Credits (ITC) transfers are a powerful new tool for corporations to manage their tax liability. However, executing ITC purchases requires robust due diligence, structuring and insurance to de-risk each transaction.

  • Zoom Video Communications headquarters in San Jose, California.
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    Justin Sullivan via Getty Images
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    OpenAI chaos shows need for multiple-vendor approach: Zoom CFO

    Zoom is one of many companies betting heavily on the future of artificial intelligence following the rapid rise OpenAI’s ChatGPT service.

  • Analyst working with business analytics and data management system to generate report with metrics.
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    Cover Genius looks to deepen FP&A team

    A robust FP&A team is critical for businesses to be able to properly plan for the future, Cover Genius CFO David Rudow said.  

  • Coupa's logo on a building.
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    Retrieved from Coupa Software / Facebook on June 01, 2023
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    Coupa names new CFO in C-suite shakeup

    The appointment is the latest in a series of leadership changes at the company following its acquisition by private equity firm Thoma Bravo.

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    Michael M. Santiago via Getty Images
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    With ex-controller back on the stand, Trump defense looks to muddy accounting waters

    The ex-controller pointed to long-time independent accountants Mazars USA as responsible for preparing the Trump Organization's financial statements.

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    Intuit’s QuickBooks angles to grow up — with its customers

    With advanced access controls, workflow and reporting tools, QuickBooks is increasingly positioning itself to serve larger firms.

  • U.S. economy contracted for second consecutive quarter
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    Economy sputtering toward ‘very short recession’: Conference Board

    The economy will likely shrink in coming months and end 2024 with just lackluster growth, the Conference Board said.

  • Microsoft CEO Satya Nadella speaks as OpenAI CEO Sam Altman looks on during the OpenAI DevDay event on November 06, 2023 in San Francisco, California.
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    Justin Sullivan via Getty Images
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    Chaos at OpenAI raises questions about enterprise reliance on ChatGPT

    With OpenAI's leaders ousted and staff in revolt, the volatility could cause enterprises to shift where they procure generative AI. 

  • Shot of Nikola headquarters
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    Courtesy of Nikola
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    Nikola CFO steps down after six months amid wobbly EV market

    Anastasiya Pasterick will leave the EV maker after a half-year stint in the top financial seat to take a CFO role at aerospace firm Universal Hydrogen.

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    Viorika via Getty Images
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    Testing AI in the finance function: McKinsey

    In coming years, generative AI will be “table stakes” for all forward-looking finance teams, according to a McKinsey AI guide for CFOs.

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    ipopba via Getty Images
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    Opinion

    Leveraging AI to step up your CFO game in 2024

    While the world is dreaming of big problems AI might solve, business leaders should look to use the technology to address specific company pain points, writes Vic.ai’s Anand Desai.

  • Star Tribune
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    Star Tribune taps Target exec for CFO

    Stephanie Ness is joining the Star Tribune Media Company as it battles declining print revenue and slowing digital subscription growth.

  • 100 dollar bills with green streaks spiraling around them and 0s and 1s in the background
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    Viorika via Getty Images
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    Wise CFO credits customer growth for 280% profit jump

    The fintech’s nearly quadruple jump in profits comes as its CFO is preparing to depart after an eight-year tenure.  

  • FASB
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    FASB appointment extends women’s historic majority

    The latest appointment follows Joyce Joseph joining the FASB in July, which marked the first time women have outnumbered men on the standards setter’s board.

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    Courtesy of Checkers & Rally's
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    Checkers and Rally’s names CFO, CMO

    Michael Blair, previously at Miller’s Ale House, joins the chain as CFO, while Scott Johnson, previously at Jollibee, takes the CMO role.

  • Johnson & Johnson vaccine being administered.
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    Michael Ciaglo via Getty Images
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    Johnson & Johnson CFO: Pandemic lesson drove $40B deal’s fast pace

    COVID-19 taught J&J’s finance chief the value of “speed and agility” in business, Joseph Wolk said at the MIT Sloan CFO Summit. 

  • Palo Alto Networks
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    Matt Kapko/CFO Dive
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    Palo Alto revenue surges amid ‘unprecedented’ cyberthreats

    Escalating cyberthreats and related regulatory pressures are keeping customer demand high, the company’s CEO said.

  • CFO executive pathway
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    Deep Dive

    Next-gen CFOs: Forging a new path

    The finance chief has long been more than a routine number-cruncher. For Gen Z, the route to the CFO chair will likely better reflect the role’s complexity.

  • Shoppers walk through the retail district near Oxford Circus in front of a Black Friday sign.
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    Leon Neal via Getty Images
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    Retail sales fall, adding to signs economy cooling after hot Q3 growth

    Gradual declines in consumer spending, hiring and inflation suggest that the Federal Reserve may achieve a “soft landing” for the economy.

  • Silicon Valley Bank
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    Justin Sullivan via Getty Images
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    ‘Cash is king’ carries new weight in high-rate, SVB era

    The higher cost of capital has executives doubling down on cash by incentivizing customers to pay sooner and holding inventory reins tighter, according to panelists at the MIT Sloan CFO Summit.

  • Advance Auto Parts has rolled out its disability inclusion program at 16 of its 44 distribution centers, including this one in Kutztown, Pennsylvania.
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    Permission granted by Advance Auto Parts
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    Lowe’s veteran tapped for Advance Auto CFO seat

    The appointment comes as the auto parts supplier is focused on a comprehensive review of the business after posting weak financial results this year.

  • Header image for "Whipping Inflation May Require Chancing a Recession"
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    Getty Images via Getty Images
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    Inflation slows, spurring bets Fed will start cutting rates in May

    Price pressures declined last month in all major categories except for food, the Labor Department reported.

  • People are seen inside the Salesforce Tower on December 1, 2020 in San Francisco, California.
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    Stephen Lam via Getty Images
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    Escalating SaaS prices outpace CPI inflation

    Software-as-a-service spending now accounts for 14.1% of a typical company’s expense line, up from 12.7% last year, according to research from Vertice. 

  • The exterior of an Express retail store inside a mall
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    Courtesy of Express Inc.
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    Express Inc. CFO is out

    Jason Judd arrived from Big Lots just last year, before the recent appointment of Stewart Glendinning as CEO.

  • Block Island wind turbines
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    Courtesy of Orsted
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    Orsted CFO, COO step down following large losses

    The two executives are departing as the offshore wind industry flounders among rising interest rates, narrowing margins and challenged supply chains.