The Latest
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U.S. output grows following tariff détente with China: S&P Global survey
Any recovery in U.S. output this month may prove short lived given that 10% baseline tariffs still stand, according to economists.
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BJ’s Wholesale Club is willing to sacrifice margin for digital convenience
Store-based fulfillment options cost the warehouse club money, but loyalty improvements more than make up the difference, according to CEO Bob Eddy.
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Ex-law firm CFO sentenced to three years in prison for $1.3M embezzlement scheme
Former CFO Tony Archuleta-Perkins embezzled over $1.3 million from his former employers to pay for two California homes and other personal expenses, according to court documents.
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Nvidia, American Express join the FinOps Foundation
The nonprofit trade group also welcomed AMD, Snowflake and ServiceNow to its ranks Wednesday amid a tech sector push to curb cloud spend.
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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.
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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.
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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.
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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.
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TrackerTracking 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 May 22, 2025 -
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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.
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OpinionIs 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.
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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.
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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.
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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.
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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.
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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.
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Courtesy of FASB
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.
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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.
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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.
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OpinionWhy 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.
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Courtesy of Walmart
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.
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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.
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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.
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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.
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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.
