The Latest
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ROI can bridge CFO, CMO language gap: InMarket CEO
Focusing the conversation around ROI can dissolve crucial language barriers between marketing and finance, InMarket CEO Todd Morris said.
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Cigna promotes insider to CFO role in C-suite reshuffling
Cigna promoted Brian Evanko to chief operating officer and named a new CFO in his place, while Eric Palmer will be leaving the company as an apparent victim of the restructuring.
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Utah becomes latest state to pass new CPA licensure pathway legislation
Utah joins Virginia and Ohio in passing legislation providing a route to CPA licensure that doesn’t require 150 hours of college credit.
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Inflation rises less than expected as new tariffs spur price worries
Concern about the inflationary impact from tariffs has eroded confidence among both businesses and consumers, according to recent surveys.
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CFOs expect consumers to feel brunt of tariff pain
Seventy-one percent of finance leaders view the current environment as “somewhat or highly unfavorable” for their business, a Gartner poll found.
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Inflation heats up to 3% as Trump calls on Fed to cut main rate
The unexpected rise in price pressures prompted futures traders to increase the odds that the Federal Reserve will hold the benchmark rate at its current range beyond May.
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PCAOB fines global KPMG firms $3.3M
The audit watchdog imposed fines as high as $700K on nine KPMG member firms for failing to disclose other accounting firms involved in audits, among other quality control violations.
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Small business optimism sags amid ‘uncertainty whiplash’: NFIB survey
“The economy is still growing, but at a slower and slower rate — storm clouds are forming,” the NFIB said.
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Jet firm Wheels Up taps GE veteran for CFO
John Verkamp is joining the private aviation company roughly two years after it was thrown a lifeline in the form a $500 million investment from Delta Air Lines and other investors.
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Rivian swipes Tesla vet for CAO
Former Tesla VP of Finance Sreela Venkataratnam will receive a $20,000 cash bonus from Rivian as part of her compensation package, the company said.
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Oracle exec signals all-in AI agent strategy as competition heats up
The software giant is among several enterprise software companies that have begun rolling out products leveraging the nascent technology.
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Beyond names new principal exec, expands CFO’s role
Dave Nielsen left the principal executive officer role effective Monday. The company also named a COO and elevated its CFO to president.
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Costco CFO says 50 cent wage increase poses expense ‘headwind’
CFO Gary Millerchip said Thursday that Costco will continue looking for ways to offset the expected impact of its new employee agreement on SG&A.
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91% of economists expect big, tariff-fueled price surge: Wolters Kluwer
Despite persistent inflation, economists predict the Federal Reserve will trim the main interest rate by 0.42 percentage point this year, Wolters Kluwer found in a survey.
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Stila Cosmetics taps Estée Lauder vet for CFO
Steve Rosen is the latest Estée Lauder alumnus to join Stila’s ranks as the brand ups its marketing efforts in a bid to attract a new generation of customers.
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Trump DOJ advances Biden-era push to break up Google
The move potentially signals that big tech won’t get a free pass from U.S. antitrust regulators in President Trump’s second term.
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Orthofix’s fired execs’ lewd, ‘graphic’ texts surface in legal battle
The medical device maker didn’t originally specify the reasons behind the 2023 firing of its CEO, CFO and CLO. Now, a court case is illuminating the story behind the terminations.
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IT unemployment jumped in February despite AI hiring surge
Employers across all sectors of the economy added 177,000 tech positions, but the data also suggests a potential wait-and-see approach to hiring.
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Fed holding rates steady while gauging impact from Trump tariffs: Powell
Inflation will probably continue to follow a “bumpy” path down to the central bank’s 2% target, Fed Chair Jerome Powell said.
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Gap to explore ‘AI monetization opportunities’
The retailer plans to capitalize on investments made last year, including the creation of an AI unit.
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Direct Relief taps Salesforce CFO for CEO
Salesforce CFO Amy Weaver announced her intent to depart last year; in February, the software giant announced it would be combining its CFO and COO roles into a newly-created “COFO” position.
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Tesla CFO sells $1.7M more in stock
The sale comes as Tesla’s stock has lost a third of its value since President Donald Trump took office, amid a backlash against the EV maker’s CEO Elon Musk and a broadening trade war.
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Bessent ‘not worried about inflation’ amid Trump’s tariff offensive
Revenue from new import duties “could be very substantial,” Treasury Secretary Scott Bessent said.
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Overdue customer payments can strain SMB cash flows: Creditsafe
Over 80% of businesses typically chase a customer between one and four times just to get a single overdue invoice paid, the research found.
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AICPA strips ‘competencies’ from new CPA licensure path
The revised proposal comes as more states are seeking to stop requiring certified public accountants to complete 150 hours of college credits to get licensed.