Trade war fallout: CFOs wrestle with uncertainty, pricing, tariff fatigue

In the aftermath of President Donald Trump April 2 tariff barrage, cash is once again king as finance chiefs seek to help their companies minimize risk.

Tesla CFO sells $957K in stock amid waning sales

The finance chief’s third stock sale in as many months comes as Tesla continues to grapple with declining sales and uncertainty related to the Trump administration’s trade war.  

Iowa passes CPA licensure legislation

Iowa joins a growing band of states passing new CPA licensure laws aimed at easing the accounting talent shortage.

Strategy reports unrealized $5.91B loss on digital assets

The Tysons Corner, Virginia-based company’s report comes on the heels of a bitcoin slump and newly effective crypto accounting rules from FASB.

Newly-minted CVS Health CFO inks $1M salary

UPS and PepsiCo alum Brian Newman will receive a $1 million base salary as the latest member of the healthcare company’s revamped leadership suite.

Trump tariffs threaten global IT spending, AI boom

If the president’s latest tariff measures lead to a global recession, the impact on IT spending “will be swift and downward,” IDC analysts said.

AI agents emerge as potential targets for cyberattackers

Digital entities — such as bots and artificial intelligence agents — pose a growing cybersecurity risk for enterprises, researchers found.

BlackRock’s Fink says most CEOs tell him US is in a recession

Several Wall Street leading lights on Monday flagged the economic disruptions from tariffs imposed on virtually all U.S. trading partners.

Spirit Airlines CFO, COO, GC to step up after CEO exits

The budget airline, recently emerged from bankruptcy, picked the trio of senior executives to handle CEO responsibilities until a new chief executive is found.

CFOs must prep for agentic AI ‘mindset shift’

With agentic AI’s potential still untapped, CFOs need to adopt a different approach when considering its incorporation and possible impact, EY’s Myles Corson said.

Powell says tariffs will spur inflation, slow growth; Fed on hold

Policymakers in coming months may face difficulty meeting their dual mandate to ensure stable prices and maximum employment, Federal Reserve Chair Jerome Powell said.

‘Activist workforce’ fuels spike in class action defense costs

Discrimination claims, “backdoor layoffs” and unionization attempts remain at historically high levels, law firm Carlton Fields said.

VMware feuds with Siemens in legal battle over software licensing

The Broadcom-owned vendor claimed Siemens AG requested support services for products it never purchased.

Where enterprises go wrong with cloud networking

While most companies have figured out how to migrate data without incurring huge fees, getting it back can be costly, according to Forrester.

How CFOs can blunt tariff harm

Trump’s latest tariffs “will impact many products and industries,” with the textile and apparel sector in particular taking a big hit, says KPMG’s Andrew Siciliano.

Continuing jobless claims hit highest level since 2021 as tariffs bite

Import duties announced this year, if not blunted, would slow economic growth by 1 percentage point in 2025, according to EY.

Georgia, Indiana join growing band of states to pass CPA licensure laws

So far this year at least seven states have passed alternative CPA licensure laws aimed at easing the accounting talent shortage.

Updated April 3, 2025

Macy’s claws back over $600K in exec bonuses

The retailer asserts it overpaid executives after an accounting error led to an overstatement of 2023 EBITDA by $81 million, according to a securities filing.

Trump installs 10% baseline tariff, country-specific duties

The president said he will levy import taxes on China, Japan and others equal to half of what they charge the U.S. based on White House calculations.

FASB clarifies guidance for construction contract holdbacks

Accounting related to revenue recognition issues has been one of the thornier subjects tripping up report preparers in recent years.

CFOs need to hone tech, AI ‘fluency,’ Deloitte’s Glover says

CFOs need to have a closer relationship with tech and IT leaders than ever before to craft forward-facing strategies, Deloitte’s James Glover said.

Macy’s taps new CFO months after $151M accounting error disclosure

The department-store chain on Tuesday said Thomas J. Edwards of Capri Holdings will join the company in June, succeeding Adrian Mitchell as CFO and COO.

US manufacturing output, employment fall as tariffs fuel higher prices

“Newly implemented tariffs are significantly impacting gross profits,” the Institute for Supply Management quoted an unidentified survey panelist as saying.

Just Salad ex-CFO missed out on $1.2M, lawsuit claims

The former finance chief is seeking $1.2 million in funds he claims he’s owed relating to a separation agreement, as well as $5 million in damages.

Vendors crowd CFO software market amid AI boom

More than 300 tech companies are currently in the fast-growing “office of the CFO software market,” according to venture capital firm Norwest.