The Latest
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OpenAI boosts valuation with $6.6B funding round
The move comes amid speculation that OpenAI may be considering an initial public offering and as its CFO has been actively touting the company’s strategy.
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Sponsored by ProtivitiAI investments require the CFO’s expertise – and vice versa
AI aids CFOs' top goals, with 1 in 3 finance firms using it for automation and forecasting.
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US corporate commitment to diversity in decline, McKinsey says
“Progress is surprisingly fragile, especially for women of color, who continue to be underrepresented at every level” of the corporate hierarchy, McKinsey said.
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Online housing platform Opendoor brings in Google, eBay alum for CFO
Selim Freiha will take Opendoor’s financial reins as it weathers headwinds in a “challenging” housing market.
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Deloitte teams up with contract data analytics firm Pramata
Pramata’s focus on protecting clients from generative AI “hallucinations” was a key reason it was selected to become a Deloitte partner.
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Courtesy of Affirm
Affirm may offer discounts after Fed interest rate cut
The Federal Reserve’s interest rate reduction may give the company leeway to offer more consumers 0% interest or a lower APR, Affirm CFO Michael Linford said this week.
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2025 financial conference roundup
As CFOs prepare for new challenges in 2025, connecting with like-minded executives at upcoming financial conferences can help them to craft effective strategies.
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Zoom picks Microsoft vet for CFO
Michelle Chang will take the video conference provider’s financial reins as the company pushes to advance its AI-first work platform.
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Fed’s Cook says ‘impressive’ AI innovation has yet to lift productivity
Cook highlighted the long-term potential of artificial intelligence to spur economic growth, lift wages and ease price pressures.
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3 CFOs gauge rate cut’s impact
The Fed’s rate cut has handed floating-rate debt borrowers an immediate tailwind but CFOs are still grappling with new strategies that the move could elevate.
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Huawei CFO takes second stint as chair amid reported ByteDance team-up
The long-time CFO will step in to lead Huawei’s board as the telecom firm looks to supplant Nvidia as the premier AI chip provider in China.
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Workday takes on Microsoft in race to transform corporate finance
The recent introduction of Workday Assistant, an AI companion, follows the release of Microsoft’s Copilot for Finance earlier this year.
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Companies struggle to stay afloat in sea of tech innovations
More than half of organizations often feel like they don't have the budget to keep pace with tech advancements, KPMG found.
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Powell says Fed policymakers not ‘in a hurry’ to cut interest rates
“We’re recalibrating policy to maintain the strength in the economy, not because of weakness in the economy,” Federal Reserve Chair Jerome Powell said.
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A look at 7 Supreme Court cases Big Business will be watching
The court’s term begins Oct. 7 with a docket that involves corporate securities, labor, RICO and environmental questions.
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California governor vetoed SB 1047. What’s next for AI regulation?
The contentious bill had garnered support from Hollywood and criticism from big tech. Gov. Gavin Newsom attributed his veto to the bill’s scope and broad language.
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Costco CFO targets lower prices amid ‘effectively flat’ inflation
Costco lowered prices on a number of its store brand items as high food prices have become a hot button issue in the presidential election.
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IPOs rebound through Q3 on prospect of falling interest rates: EY
Despite the emerging recovery, several headwinds to IPOs persist, including conflicts abroad and the hard-to-predict outcome of the Nov. 5 election, EY said.
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Climate Week NYC 2024 delivers carbon removal deals, green banking coalition
The annual climate event launched with announced commitments to triple nuclear energy financing, decarbonization initiatives across the aviation sector and some carbon offset deals.
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GDP growth exceeds forecasts as Fed governor warns of excessive easing
Federal Reserve Governor Michelle Bowman was the sole policymaker to oppose a decision to cut the main interest rate by a half percentage point.
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Moneygram faces backlog after outage
The international wire transfer company has restarted some services after a cyberattack forced its systems to be shut down.
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Ex-Guess Inc CFO takes top financial seat for retailer Puma
Guess alum Markus Neubrand will replace 19-year Puma veteran Hubert Hinterseher as CFO next month as the retailer continues efforts to improve its brand desirability.
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Digital transformation startup Whatfix gets $125M boost
The SoftBank-backed startup plans to enhance its product suite and expand its market presence globally.
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Deep DiveNo, not all companies are abandoning diversity, equity and inclusion. Here’s why.
Amid a high-profile backlash, many businesses are scrutinizing their policies. But the vast majority end up sticking with DEI, in part because it’s key to growth.
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CFOs trim spending while facing hazy post-election prospects: Fed survey
The hard-to-predict outcome from the presidential election in November has shown several signs of sapping business confidence.
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Courtesy of Norfolk Southern
Norfolk Southern acting CFO goes permanent amid C-suite shakeup
The Atlanta-based freight rail operator is refilling its ranks with insiders after firing its CEO and chief legal officer who were found to be having an affair.
