The Latest
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Walmart taps OpenAI for employee training
The mass retailer will debut training for employees in 2026 through a partnership with the company behind ChatGPT.
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Walmart CFO in SEC filing trims planned sales of company shares
John David Rainey, the retail behemoth’s finance chief, plans to sell a maximum total of 40,000 shares on two dates early next year.
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Stablecoin maturity, regulation opens crypto adoption gate: Taxbit CEO
While regulatory clarity has eased some of the risks associated with stablecoins, CFOs are still eyeing outstanding accounting and tax questions.
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Most firms aim to boost budgets for worker safety in next three years: EY
Work-related accidents and diseases annually take the lives of 3 million people worldwide, according to the International Labor Organization.
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Fed primed for rate cut as hiring slumps, unemployment inches up to 4.3%
Traders in interest rate futures, responding to new labor market data, increased the odds that the Fed will cut the benchmark interest rate by at least 0.75 percentage point before next year.
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CPA licensing headlines California’s Accountancy Campus Tour
The promotional pitch for the 2025-2026 Accountancy Campus Tour features a vibe that is more Lollapalooza-light than ledger-heavy.
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Sweetgreen swipes Chipotle CAO for CFO
Jamie McConnell will step in as Sweetgreen’s finance chief after a “convergence” of external and internal challenges led to slumping sales for the salad chain.
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Nestlé CEO firing followed second probe of office romance, CFO says
The food giant’s finance chief said a May allegation of “improper favoritism” ultimately led to two investigations and the CEO’s dismissal.
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CFOs must hone data interpretation skills in AI age, AuditBoard CEO says
As finance chiefs confront the “enormous” risks AI can bring to their organizations, parsing data into insights is crucial, AuditBoard’s Raul Villar Jr. said.
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Miran comes under fire in nomination hearing over future Fed independence
“Are you Donald Trump's puppet?” Sen. John Kennedy, R-La., asked Council of Economic Advisers Chair Stephen Miran during his testimony before the Senate Banking Commitee.
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Layoffs rise, job openings fall to lowest level in 10 months: BLS
“I expect the labor market to gradually cool and remain near full employment with the risks tilted to the downside,” St. Louis Federal Reserve Bank President Alberto Musalem said.
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California CPA pathways bill heads to Governor Newsom’s desk
Golden State lawmakers passed the legislation Tuesday, positioning the accounting industry’s licensing reform initiative for a big state win.
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Enanta CFO dies after taking medical leave of absence
Harry R. Trout was named interim finance chief of the drug company in late August as long-time CFO Paul J. Mellett, Jr. went on medical leave.
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Spectrum Brands terminates CFO to cut costs
The CFO departure comes as Spectrum targets additional cost savings and navigates the ongoing impacts of what CEO David Maura called “the tariff torpedo.”
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Tracker
Tracking CPA licensure paths: Removing the 150-hour-rule hurdle
State changes to licensing rules are chipping away at a decades-old system that has largely required CPA candidates to complete what effectively amounts to a fifth year of schooling.
Updated Sept. 3, 2025 -
Only 10% of job seekers believe recruiters see most applications, survey finds
Amid skepticism around AI’s growing impact on hiring, some candidates doubt humans see their resumes and report ditching the process midstream.
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US factory output, employment sag as prices rise: ISM
Results from an Institute for Supply Management survey added to evidence that the Federal Reserve may face a stark dilemma at a monetary policy meeting this month.
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Crocs appoints Nike alum to CFO chair
Patraic Reagan will receive a sign-on bonus of $800,000 in association with his appointment as finance chief, the shoe brand said.
Updated Sept. 2, 2025 -
Colorado delays AI law implementation amid backlash
The delay gives Colorado lawmakers more time to work on tweaking the controversial AI statute in their 2026 legislative session.
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Deep Dive
Accounting talent shortage eases as layoff fears creep up
The increasing use of AI and offshore outsourcing to help with financial tasks, such as closing the books, is loosening the accounting labor market, experts say.
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Opinion
How agentic AI is poised to transform financial services
Firms are now able to integrate agents, bots and humans into seamless, end-to-end processes, writes Baker Tilly’s David Hickey.
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Brad Singer to serve as Warner Bros. CFO after WBD split
Singer is set to begin his new position in October in a “strategic role,” until the official formation of Warner Bros.
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AI opens door for new finance skillsets: insightsoftware
AI is creating space for the development of a new, strategically-minded finance function — but finance chiefs need to think carefully about how their teams are leveraging the tool.
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Work from home reduces ‘motherhood penalty’ in ‘family-unfriendly’ jobs
The expectation of working from home may prompt young women to pursue higher career ambitions, according to a National Bureau of Economic Research study.
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Women CFOs boost lagging company growth: OneStream
While women take an average of three years longer to reach the CFO seat than men, they tend to help boost shareholder value once there, OneStream found in a study.