The Latest
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AI cuts monthly financial close time by 7.5 days: MIT/Stanford study
Accounting firms that adopt artificial intelligence can yield “remarkable improvements in productivity, task allocation and reporting quality,” researchers said.
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OpinionWhy CFOs must stop treating compensation as a cost
Today’s economic uncertainty presents an opportunity for CFOs to get ahead of competitors struggling with the whiplash of boom-and-bust pay tactics, Payscale’s Philip Watson writes.
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Circle courts broader payments community
The company is seeking partnerships to boost the use of its USDC coin in payments, along with its cryptocurrency tools and services.
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Core inflation heats up to 3.1%, fueled by resurgence in services prices
Despite higher-than-forecast price pressure data, traders in interest rate futures held to their bet that the Federal Reserve will trim the main interest rate next month.
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Alamy
Urgently CFO steps down after two months
The CFO’s departure comes as the digital roadside assistance company looks to continue addressing material weaknesses in its financial reporting.
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Alamy
Citizens taps Barclays vet as next CFO
Aunoy Banerjee will become Citizens’ CFO in October, replacing John Woods, who’s leaving the Providence, Rhode Island-based regional lender to become CFO at State Street.
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Why the EU AI Act could be a wake-up call for US CFOs
Staggered effective dates and uncertainty about which companies must comply could yield fresh financial pressures for CFOs, according to an attorney who specializes in cybersecurity.
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Research shows AI agents are highly vulnerable to hijacking attacks
Experts from Zenity Labs demonstrated how attackers could exploit widely deployed AI technologies for data theft and manipulation.
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Fed to cut rates next month as tariffs give prices one-time spur: survey
A handful of Fed officials have voiced optimism since July that the highest U.S. tariffs since the 1930s will stoke just short-term price pressures.
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OneStream CEO highlights ‘deterministic’ AI approach
After a strong second quarter, OneStream is keeping its focus on creating AI solutions that can provide CFOs with clear, rather than subjective insights, CEO Tom Shea said.
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How Salesforce’s finance chief is leveraging AI
With artificial intelligence tools, the time it takes to prepare for earnings calls has “been reduced to hours instead of days,” the executive said.
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CEO pessimism eases as tariff-induced worries decline: survey
Risks from import duties have ebbed somewhat since April but still cloud the outlook for price pressures, the job market and economic growth, according to economists.
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The Trade Desk names new CFO, warns of tariff disruption
The Trade Desk will grant venture capital veteran and incoming CFO Alex Kayyal a $600,000 signing bonus as it tries to navigate uncertainty from U.S. tariffs.
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Courtesy of Shift4. Shift4 CEO Jared Isaacman
Shift4 faces CFO, board departures
The payment processor’s CFO will step down and join the board, while the company founder’s father said he will resign from the board.
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Peloton to shrink workforce by 6% in cost-cutting effort
The fitness company told its shareholders that operating expenses “remain too high, which hinders our ability to invest in our future.”
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Recurring jobless claims surge to highest level since 2021
The labor market is cooling as inflation heats up, posing a challenge for Federal Reserve policymakers mandated by Congress to ensure full employment and price stability.
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Fastly taps new CFO amid record revenue
The CFO swap comes after the content delivery platform appointed Kip Compton to its CEO chair in June. The company is now targeting between $594 million to $602 million in full-year revenue.
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Voter confidence in U.S. fiscal outlook falls to 13-month low: survey
The Peterson Foundation poll suggests that the White House has not persuaded most voters that a massive tax-and-spending bill enacted last month will eventually reduce the federal debt.
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Tesla CFO Taneja, ex-CFO Kirkhorn named in robotaxi shareholder suit
The suit comes shortly after Tesla was ordered to pay $240 million to victims of a car crash related to its autopilot technology by a Florida jury.
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‘Big bang’ tech deployments fade amid optimization focus
“Instead of 24- or 36-month projects, we’re talking six- to eight-week cycles,” Grant Thornton’s Tony Dinola said.
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Service sector slows, employment falls as tariffs take hold: ISM survey
Consumer spending on both services and goods has fallen this year compared with last year, growing just 1.4% during the second quarter.
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Alamy
SEON CFO keeps eye on currency risk
The software firm’s CFO is carefully watching FX risk as SEON looks to expand its global footprint in a volatile macroeconomic environment.
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Bloomin’ Brands hires new CFO among a series of leadership changes
The company also created an executive position for strategy and transformation to help improve the performance of Outback Steakhouse.
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Autonomous finance will arrive within three years: Ramp CEO
The tech executive weighed in on the future of finance as his company announced that it raised $500 million at a $22.5 billion valuation.
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Chainarong Prasertthai via Getty Images
Cybersecurity budgets tighten as economic anxiety rises
Uncertain tariff policies and fluctuating inflation and interest rates are leading to stagnant or reduced budgets, according to an IANS Research report.
