Orthofix’s fired execs’ lewd, ‘graphic’ texts surface in legal battle

The medical device maker didn’t originally specify the reasons behind the 2023 firing of its CEO, CFO and CLO. Now, a court case is illuminating the story behind the terminations.

IT unemployment jumped in February despite AI hiring surge

Employers across all sectors of the economy added 177,000 tech positions, but the data also suggests a potential wait-and-see approach to hiring.

Fed holding rates steady while gauging impact from Trump tariffs: Powell

Inflation will probably continue to follow a “bumpy” path down to the central bank’s 2% target, Fed Chair Jerome Powell said.

Gap to explore ‘AI monetization opportunities’

The retailer plans to capitalize on investments made last year, including the creation of an AI unit.

Direct Relief taps Salesforce CFO for CEO

Salesforce CFO Amy Weaver announced her intent to depart last year; in February, the software giant announced it would be combining its CFO and COO roles into a newly-created “COFO” position.

Tesla CFO sells $1.7M more in stock

The sale comes as Tesla’s stock has lost a third of its value since President Donald Trump took office, amid a backlash against the EV maker’s CEO Elon Musk and a broadening trade war. 

Bessent ‘not worried about inflation’ amid Trump’s tariff offensive

Revenue from new import duties “could be very substantial,” Treasury Secretary Scott Bessent said.

Overdue customer payments can strain SMB cash flows: Creditsafe

Over 80% of businesses typically chase a customer between one and four times just to get a single overdue invoice paid, the research found.

AICPA strips ‘competencies’ from new CPA licensure path

The revised proposal comes as more states are seeking to stop requiring certified public accountants to complete 150 hours of college credits to get licensed.

Companies see year-ahead inflation rising to as high as 4%: NY Fed

Trump administration tariffs risk stoking inflation, disrupting supply chains and undermining corporate earnings, Bank of America Securities analysts said.

Trump tariffs dampen M&A revival hopes

The “Trump effect” has introduced a new layer of complexity to the M&A landscape, an EY analysis found.

Cultural mesh is key in hiring decisions: Golden 1 CFO

Identifying talent with the right skill sets is a critical focus for companies today — but it’s also important for candidates to mesh culturally, Golden 1 Credit Union CFO Allyson Hill said.

Starbucks gives incoming CFO $5M signing bonus

The bonus is part of a bid to induce CFO Cathy Smith to join the coffee retailer as well as to help her recoup some of the compensation she forfeited as she prepares to depart Nordstrom for Starbucks.

Tariffs likely to fuel inflation ‘relatively soon,’ Fed’s Williams says

Concern about U.S. import duties “is clearly influencing how people are thinking about inflation this year,” New York Federal Reserve Bank President John Williams said.

3 cost-cutting lessons from a CFO on the front lines

Orbia Advance CFO Jim Kelly is helping to trim $250 million in annual costs as the industrial products maker navigates a market downturn.

Cyberattacks targeting IT vendors intensify, causing bigger losses

Ransomware criminals are on the hunt for prime targets that can yield bigger payouts, according to cyber risk management firm Resilience.

Trump tariffs: March madness runs down the clock

Stocks slumped Monday after President Trump reasserted U.S. tariffs on imports from Canada and Mexico would go into effect Tuesday.

Updated March 3, 2025

Inflation to persist above 2% Fed goal into 2027 or later: NABE

Traders in interest-rate futures increased the odds that the Federal Reserve this month will continue its pause on easing borrowing costs.

Crypto firm Tether appoints new CFO before full audit

Tether will conduct a full audit in a bid to leave behind a somewhat checkered past with U.S. regulators as the Trump administration courts the crypto industry. 

House lawmakers urge governors to ban DeepSeek

The congressmen raised alarms over an ABC News report saying that DeepSeek’s code allows data to be sent directly to the Chinese government.

Consumer spending falls, highlighting fading confidence

Two closely tracked gauges of consumer confidence slid in February, pushed down by concerns about import duties enacted by the Trump administration.

Robinhood CFO sells $1.2M in shares following dropped SEC investigation

The sale comes as the platform is eyeing further expansion into the industry and follows on the heels of the SEC dropping an investigation into Robinhood’s crypto unit. 

Dwolla taps Walmart alum for CFO

Daniel Quezada is the payments player’s second CFO in less than two years. 

New AICPA CEO vows to be ‘vocal’ if IRS cuts affect service

Mark Koziel is taking the accounting organization’s reins as the industry faces headwinds related to taxes, the PCAOB and CPA licensure reform.

US faces ‘serious questions’ on corruption safeguards, watchdog says

The decline in the perception of U.S. anti-corruption safeguards preceded an executive order by President Donald Trump pausing enforcement of the Foreign Corrupt Practices Act.