The Latest
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HSBC CFO Pam Kaur to step down
The first woman to serve as finance chief at Britain’s largest bank will leave before next year’s annual general meeting and will not stand for re-election to the lender’s board.
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Finance teams still wary of giving AI control: PEX
Only 28% of finance teams said they were comfortable having AI decide routine finance decisions, PEX found in a survey.
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Lyft insider to take CFO seat amid robotaxi push
Michael Brous will look to build forward on CFO Erin Brewer’s “fantastic foundation” in assuming the rideshare’s top finance seat later this month, he said.
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FTC offers businesses new path to clarify rules
The program will let businesses raise questions about ambiguous or conflicting FTC rules, with the potential for responses published as agency guidance.
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SBA draws fire with plan to allow bigger firms to win federal contracts
Levels for eligibility will rise tenfold or more in professional services, information technology, engineering and other business categories, an attorney at Schwabe, Williamson & Wyatt said.
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CFO Alliance partner sees workload risks in AI-prompted questions
Casey Janick said he is concerned investors and boards are using AI rather than their own curiosity to develop questions about financial data.
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The Trade Desk cuts 15% of workforce
The layoffs come about two months after Hewlett Packard Enterprise alum Nate Olmstead took the digital ad company’s CFO seat.
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Sysco grants CEO, interim CFO stock awards ahead of JRD acquisition
The grants, contingent on the closing of the $29 billion acquisition, are intended to “ensure a continuity of leadership,” Sysco said.
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Inflation, weaker sales erode small business optimism: NFIB survey
The U.S.-Iran war “has escalated the cost of energy, which raises the price of almost everything,” the National Federation of Independent Business said.
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Amazon, Meta among ‘Hyper 5’ facing AI cash-flow test
The five hyperscalers are projected to spend over $5 trillion on capex between now and 2030, according to S&P Global Market Intelligence.
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Data center employers face acute shortage of skilled workers, report finds
Recruiting from adjacent sectors like telecommunications and utility grid operations can help build a sustainable talent pipeline, Kelly Services said.
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OpinionCFOs are budgeting for AI with an old SaaS playbook. That’s a mistake.
Finance has long budgeted software around headcount, but AI demands a shift, writes Turnstile CEO Jordan Zamir.
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Hiring beats forecasts, enabling Fed to focus on curbing inflation
Soon-to-be-released inflation “reports have the power to decide whether the Fed hikes or holds,” Fifth Third Commercial Bank Chief U.S. Economist Bill Adams said.
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Asana’s AI pricing shift brings near-term revenue pressure
The company expects consumption-based pricing to contribute to a $1.2 million revenue headwind as it works to accelerate AI adoption.
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T-Mobile appoints Shell veteran as next CFO
Jessica Uhl will join the wireless network operator this month as CFO Designate amid questions raised by a potential merger with Deutsche Telekom.
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Uber to slash 10% of workforce in push to streamline
Among other changes, the company has reduced by nearly 50% its number of “micro-teams” with only one or two direct reports.
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Bally’s CFO resigns weeks after going concern warning
To boost its liquidity, the casino operator said in August that it was exploring selling assets, an equity sale and debt financings.
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Services sector expands faster than forecast: ISM survey
Strength in the services sector bolsters forecasts that the U.S. economy will expand slightly more than 2% this year, Federal Reserve Governor Christopher Waller said.
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Coinbase names former X Corp. CFO to board
The long-time Elon Musk adviser is joining Coinbase’s board as the crypto platform targets expansion to new markets including Canada.
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Hershey finance exec succeeds retiring CFO
Dave Hulays is taking the candy and snack giant's finance reins from Steven E. Voskuil, who served as CFO for seven years.
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Flex trade secret suit inches toward resolution
The parties are working in “good faith” to try and reach a potential resolution in a case alleging a former CFO candidate misappropriated Flex’s “strategic crown jewels.”
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Economy grows ‘modestly,’ with consumers wary of rising prices: Fed
“Input price pressures were notably elevated in manufacturing and construction,” the Fed said in a survey of its 12 district banks.
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KPMG gets agentic tool certified for security, reliability as AI risks mount
The certification comes as companies confront growing risks from AI agents that can take actions on their own.
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Q&AFinance is ‘leaning in’ to manage healthcare costs, WTW exec says
CFOs are increasingly partnering with human resource executives to help trim rising healthcare costs, WTW’s Tim Stawicki says.
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How AI has entered one CFO’s budget season
BeSmartee CFO Mina Samaan said AI is at once complicating and speeding up different parts of the lendtech startup’s budgeting process.
