The Latest
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Inflation rises, affirming Fed decision to hold benchmark rate steady
President Donald Trump lashed out at Federal Reserve Chair Jerome Powell for not cutting the federal funds rate on Wednesday.
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FASB issues credit loss accounting relief
The latest GAAP update comes as FASB stakeholders have identified several new standard-setting areas of interest, including potential projects related to stablecoins.
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Fed holds main rate steady, overriding two dissenting votes
The mix of a cooling labor market and stubborn, above-target inflation has posed a dilemma for the central bank while breaking unanimity among policymakers.
Updated July 30, 2025 -
Construction pros react to interest rate decision
The Federal Reserve held rates steady Wednesday afternoon, dashing hopes for a summer cut, but builders are adjusting their strategies to stay on the job.
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Boeing narrows losses ahead of new CFO’s arrival
Brian West oversaw his last earnings call as Boeing’s CFO on Tuesday. Lockheed Martin alum Jay Malave is set to take the jet maker’s finance reins next month.
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Most firms still grappling with accounting talent crunch
Securing junior level candidates with more than one year of experience has proven especially challenging, an Intuit survey found.
Updated July 31, 2025 -
KPMG revives bid for SVB complaint dismissal
In June a California judge denied motions to dismiss claims in a class action suit against SVB Financial Group’s former CFO, CEO, directors and auditor.
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CFOs should eye ‘opportunistic’ approach to M&A: Wiss
When it comes to M&A, CFOs today need to allow themselves space to “lose a little money in the short-term,” knowing it will put them on better footing for the long-term, Wiss’s Bill Haemmerle said.
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Consumer confidence inches up despite signs of weakening labor market
Indications of a cooling job market recently prompted Federal Reserve officials to voice openness toward cutting borrowing costs at a monetary policy meeting that ends Wednesday.
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Trump AI plan allows wide room for denying funds to states
The plan is silent on how the administration will define “burdensome” state AI rules for the purpose of withholding federal funds.
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AI spending above $10M jumps as agentic tools grab spotlight
Nearly three-quarters of senior leaders believe that entire business units will one day be managed by agentic AI, EY researchers found.
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Microsoft says H-1B visas, layoffs ‘in no way’ related
Scrutiny of the tech giant’s use of the visa program comes at the end of a month in which the company announced deep job cuts.
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27% of US companies plan to delay hiring or investment: NABE survey
“Their uncertainty may be holding businesses in a neutral state,” Cotality Chief Economist Selma Hepp said.
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US, EU agree to lower tariffs in ‘framework’ deal
Most imports from the bloc would face a 15% tariff under the pact, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced Sunday.
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CFOs face surging trade compliance costs under Trump’s high tariffs: Fed
Much of the new regulatory cost from higher tariffs stems from greater complexity in determining the national source of a product, according to the Federal Reserve.
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Businesses get more predictable tax runway: EY
Many companies are still “running the numbers” to determine how Trump’s budget will effect their bottom line, but it ushers in a period of “relative tax certainty,” EY’s Adam Francis says.
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SEC declines to confirm whether climate disclosure rule will be upheld if it survives litigation
The agency told an appeals court it “does not intend to review or reconsider” the rule but did not confirm whether it would enforce it if legal challenges against the rule fail.
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Musk warns of ‘rough’ quarters ahead amid Tesla revenue slump
CFO Vaibhav Taneja highlighted “near-term challenges” due to regulatory and tariff impacts, as the EV maker reported a 12% slide in revenue for its second quarter.
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FASB advances GAAP codification refresh
More than 30 accounting rule updates were affirmed by the U.S. standard setter Wednesday as part of a broad refresh of the codification that underpins GAAP.
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Alphabet CFO reports spike in operating costs after $1.4B Texas settlement
Alphabet’s total operating expenses jumped 20% during the second quarter, driven largely by legal costs, CFO Anat Ashkenazi said.
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What to know about the $7.25 minimum wage
This week marks the 16th anniversary of the federal minimum wage’s last increase.
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GM CFO looks to strategic pricing, costs to blunt $1.1B tariff impact
Trade deals with South Korea, Mexico and Canada will be important for the automaker’s future, the executive said Tuesday.
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Gainesville Mayor braces for another DOGE-style review
Mayor Harvey Ward will cooperate with the state’s planned audit of the city’s spending, he said, but he “stands by” the city government’s efficiency.
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PCAOB slams Hong Kong auditor of Luckin Coffee
Luckin Coffee hired the Hong Kong-based auditing firm soon after settling fraud charges brought by the Securities and Exchange Commission in 2020.
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Trump releases AI action plan targeting regulatory ‘red tape’
The plan states that AI-related federal funding should not go to states with burdensome rules on the technology.
Updated July 24, 2025