AI is helping to curb Microsoft’s finance headcount growth, exec says

The tech giant’s finance team has “no appetite right now to continue to grow our headcount at the same pace” as in previous years, Microsoft’s Cory Hrncirik said.

Unions favored over big business more than any time in 60 years: EPI

While public support for unions has grown in recent years, they have not made significant inroads in worker representation.

Tesla CFO racks up third $1M May stock sale

Among other moves to shore up investor trust, Tesla appointed former Chipotle CFO Jack Hartung to its board of directors, effective June 1.

Minnesota passes CPA pathways legislation after pioneering model

Roughly two years after introducing a bill to ease CPA licensure rules, Minnesota lawmakers late Monday passed legislation establishing alternative routes to becoming a certified public accountant.

Paramount Group CFO, GC resign; office REIT launches strategic review

The CFO and general counsel changes come as the REIT faces looming debt maturities in 2026, among other economic headwinds.

Is your accounting team ready for a paradigm shift?

Traditional accounting practices — which limit insights to post-close reviews and delay crucial decisions — are struggling to keep pace, writes Oracle’s Julie Girard.

Surging federal debt to raise borrowing costs, erode investment: Peterson

Interest rates initially rose Monday, the first day of bond trading after Moody’s Ratings late Friday cited the gloomy fiscal outlook and downgraded U.S. debt.

Invoice rejection spike suggests tactic’s use as tariff buffer, study says

The sharp rise suggests firms seek to delay payments as they did in the pandemic, according to an analysis from Basware, a financial automation company.  

Regeneron agrees to purchase bankrupt 23andMe, protect data

The proposed sale is expected to close in the third quarter, subject to approval by the U.S. Bankruptcy Court for the Eastern District of Missouri.

Continuous scenario planning, war chests top finance playbooks for uncertain times

CFOs now grappling with on-again off-again tariff policies on top of other headwinds are using a variety of strategies to mitigate the risks of the fast-changing business climate.  

Inflation expected to surge to 7.3% in a year, fueled by tariff worry

Consumer sentiment has slumped this year even as recent “hard data” reveal stable prices and robust hiring.

FASB clarifies rules for warrants, share-based payments

The GAAP update will affect how companies account for share-based financial instruments such as warrants that they grant to customers as a kind of rebate to incentivize purchases. 

Hack could cost Coinbase up to $400M: filing

The crypto exchange is offering a $20 million reward for information leading to the hackers’ arrest. Coinbase terminated customer support agents who leaked customer data.

Businesses revamp procurement amid AI adoption swell

Most companies are imposing stricter requirements when evaluating AI-powered software compared with other technologies, according to G2.

Why spreadsheets aren’t going away anytime soon

Spreadsheets are not just a tool of the past; they will be a vital component of the future of finance, Gartner’s Mike Helsel writes.

Walmart CEO: ‘Higher tariffs will result in higher prices’

The big-box retailer vows to keep those prices as low as possible and is leaning into relationships with vendors to respond to a fluctuating market.

South Carolina, Oregon join states removing 150-hour CPA hurdle

In recent months over a dozen states have passed legislation easing licensure requirements for CPAs as part of a workforce development push to fix the accounting shortage.

Cisco taps chief strategy officer to succeed retiring CFO

With Mark Patterson taking its finance reins, the tech giant will still likely continue prioritizing cash flow and shareholder returns, a Morningstar analyst said.

House committee advances bill with ‘big three’ business tax relief

The bill advanced Wednesday by the House Ways and Means Committee would extend some business-friendly tax cuts from President Donald Trump’s first term.  

OneStream shakes up finance software portfolio with AI agents

A new “deep analysis agent” unveiled by the company is able to perform “much like a business analyst on your team,” CEO Tom Shea said.

Inflation slows more than forecast as tariff retreat eases price pressure

Even after recent tariff reductions, U.S. consumers face an effective tariff rate of 17.8%, the highest level since 1934, the Yale Budget Lab said.

Tesla CFO offloads another $1.1M in stock

The sale comes as Tesla looks to reverse slumping sales and combat brand hostility, while facing roadblocks on new projects such as its long-awaited “robotaxi” service.  

AI is stirring mixed feelings among CFOs, survey finds

The research highlights a “trust gap between the untested promise of AI and the wariness of security and privacy risks,” finance software company Kyriba said.

Booking CFO leans on AI in push to run ‘tight ship’

The online travel company is looking to slash costs by as much as $450 million by the end of 2027. It aims to reinvest some of the freed-up capital into AI projects.

Why retail’s e-commerce disruption era is over

Brick-and-mortar stores drive the vast majority of core retail sales, and that won’t change any time soon, according to a report from commercial real estate firm Colliers.