Costco CFO calls hot dog combo important amid ‘economic uncertainty’

In fiscal 2025, the warehouse club retailer sold over 245 million hot dog and soda “combos,” said finance chief Gary Millerchip.

Former Shoe Carnival CFO retakes finance chief reins

Kerry Jackson will slip back into the CFO role he held for 26 years as Shoe Carnival targets expansive growth plans for its Shoe Station segment.

FASB mulls feedback on recognition of intangibles

The FASB received over 40 comment letters on whether it should update guidance on recognizing intangibles.

Consumer spending holds steady despite rising prices, cooling job market

The unexpectedly sunny spending data followed an upward revision in second quarter gross domestic product growth to 3.8% from 3.3%.

Want to be a ‘first tier’ CFO? Affect change, says InvoiceCloud exec

As the need for strategic CFOs continues to grow, finance leaders need to learn how to treat data as a “means to an end” — using it to tell the story they need to tell, InvoiceCloud’s Chris Sands said.

‘Mega bankruptcies’ jump as tariffs, policy changes add new pressure

Chapter 7 and 11 filings by companies with over $1 billion in assets rose 33% YoY in the 12 months ended in June, according to Cornerstone Research.

CFOs expect tariff-fueled price pressures to persist into 2026

On average, CFOs say price growth at their organizations would be roughly 25% lower in 2026 if not for the impact of tariffs, according to survey results.

One-third of corporate spending aligns with sustainability: Risilience

Fifty-two percent of large companies have created plans to achieve net-zero carbon emissions, and 30% are drawing up such roadmaps, Risilience found in a survey.

GitLab names new interim CFO, CAO

James Shen will receive an additional $10,000 in monthly compensation related to his appointment as GitLab's interim finance chief.

Powell calls for bolstering job market while warning of rising inflation

Given a “less dynamic and somewhat softer labor market, the downside risks to employment have risen,” Federal Reserve Chair Jerome Powell said. 

DHS to revive wage-based H-1B visa selection criteria via new rule

The proposal is a partial return to the first Trump administration’s policies and comes on the heels of the president’s announcement of a $100,000 fee for such visas.

Accel Entertainment taps Kraft Heinz alum as CFO

Brett Summerer will leverage his M&A expertise as Accel’s newly minted CFO, as the company looks to execute on a “multipronged” growth strategy.

CNX’s Shepard joins small but growing CFO-turned-CEO cohort

Only about 7.5% of the sitting CEOs at Fortune 500 and S&P 500 companies came directly from a CFO chair, a recent Crist Kolder Associates report found.

Many ‘material’ cybersecurity breaches go unreported: VikingCloud

The research also found that cyberattacks have escalated both in frequency and severity in the past year, with AI serving as a primary driver behind the surge.

Trump roils tech employers with new $100K H-1B visa fee

The H-1B charge puts added pressure on employers as tensions over deportations and immigration have been a flashpoint in the second Trump administration.

Saying ‘yes’ in finance: How a tech CFO is breaking the mold

“By shifting from gatekeeper to enabler, finance departments can become genuine growth drivers rather than necessary constraints,” Agiloft CFO Angel Lange writes.

Enterprise software spend accelerates amid AI adoption blitz

As the technology ripples through IT budgets, it’s driving up costs across infrastructure, data management and applications, according to West Monroe.

Fed’s Miran calls for slashing main interest rate to avert job loss

Federal Reserve Governor Stephen Miran brushed aside concerns that he has weakened the Fed’s independence by not resigning as the top White House economic adviser.

Senate report on Silicon Valley Bank rips KPMG, reveals CFO role

The Senate subcommittee’s report stems from a 28-month investigation that reviewed nearly 100 hours of briefings and interviews with auditors and regulators.

Firings related to Charlie Kirk comments highlight need for social media policies

Recent high-profile firings and suspensions are a reminder to employers of the need for solid social media policies, experts say — akin to the advice following protests about George Floyd’s murder.

CEO sentiment, capital spending plans rise: Business Roundtable

Seventy-one percent of U.S. CEOs expect sales revenue to increase during the next six months, an increase of 4 percentage points since the second quarter, the Business Roundtable said.

BMO taps insider as next CFO

Rahul Nalgirkar, CFO of the bank’s U.S. operations, will succeed Tayfun Tuzun, who is set to retire early next year. Like Tuzun, Nalgirkar is a Fifth Third alum.

Tariff ‘drag’ will slow GDP growth to 1.6% this year: Conference Board

The economy is headed for “a substantial slowdown from 2.8% [growth] in 2024,” a Conference Board executive said, citing headwinds from import taxes.

PayPal vet jumps to Extend CFO seat

Francois Horikawa will become the spend management platform’s first CFO as Extend taps $20 million in newly raised capital to accelerate its path to profitability.

FASB finalizes narrow software accounting update

The targeted new guidance detailing how companies should capitalize certain software costs is effective for annual reporting periods beginning after Dec. 15, 2027.