Amazon CFO credits AI with boosting ad business

The technology giant is leaning into machine learning as it seeks to improve the relevancy of the ads it shows to customers.

By Alexei Alexis • Oct. 31, 2023

McDonald’s CFO: Traffic dips despite ‘trade down’ gains

The dip comes as Chicago-based McDonald’s has battled to offset rising costs by raising prices without alienating customers.

By Maura Webber Sadovi • Oct. 30, 2023

Explore the Trendline➔

Top 5 stories from CFO Dive

Tarifff headwinds along with the accounting talent shortage and the promises and traps of generative AI, are among the top issues CFOs are grappling with this year.

By CFO Dive staff

The changing face of clean energy and tax strategy

The Inflation Reduction Act has changed the tax landscape. CFO Dive spoke with Bellus Ventures and Thompson Coburn LLP to understand the steps that CFOs can take to stay ahead of the curve on clean energy investments.

Oct. 30, 2023

Buzzfeed taps treasurer for next CFO

The financial leadership shift comes as a move to AI-generated content failed to bolster the digital media company’s revenue.  

By Grace Noto • Oct. 27, 2023

Gensler says SEC aims to avoid overreach on climate risk rule

The SEC chief has come under fire for proposing that companies release data on the greenhouse gas emissions by their suppliers and customers.

By Jim Tyson • Oct. 26, 2023

Trump lawyers attack Cohen’s credibility following ‘reverse engineering’ testimony

Adding to tension in the heated civil fraud trial proceedings Wednesday, the judge fined Donald Trump $10,000 for violating a limited gag order. 

By Maura Webber Sadovi • Oct. 25, 2023

Former Dow exec returns for CFO post

The change comes as the chemical giant’s retiring CFO expects “challenging macroeconomic dynamics” to continue through the fourth quarter.

By Alexei Alexis • Oct. 25, 2023

Hess deal to boost free cash flow, Chevron CFO says

The acquisition grants Chevron a 30% stake in Guyana’s Stabroek block, creating a path to long-term free cash flow growth into the 2030s, according to company executives.

By Grace Noto • Oct. 24, 2023

Trump tasked his ex-CFO, ex-attorney with ‘reverse engineering’ asset values, Cohen testifies

Ex-attorney and former “fixer” Michael Cohen testified as a key witness for the state in its $250 million civil fraud case against his former boss Donald Trump.

By Maura Webber Sadovi • Oct. 24, 2023

With venture arm, Huntington Bank CFO keeps eye on innovation, liquidity

In the face of economic uncertainty, access to the innovation economy is essential to help bolster growth, Huntington Bank’s CFO says.  

By Grace Noto • Oct. 20, 2023

Ex-Trump CFO targeted in fraud trial for emails, testimony

The New York Attorney General’s Office wrote that it has “identified likely omissions” of data provided by the Trump Organization in response to subpoenas. 

By Maura Webber Sadovi • Oct. 20, 2023

Price cuts eat into Tesla margins, fail to boost demand

Tesla faces contracting margins and slumping market share, with multiple price cuts for its EVs failing to persuade consumers to shell out for new cars.

By Grace Noto • Oct. 19, 2023

NY AG zeros in on Trump golf course valuation

A longtime commercial real estate expert with Cushman & Wakefield testified Thursday to feeling pressure to assign higher appraisal values.

By Maura Webber Sadovi • Oct. 19, 2023

Son of ex-Trump CFO details cozy lending ties

The judge presiding over the fraud case against the former president warned him and others to be quiet Wednesday as tempers flared.

By Maura Webber Sadovi • Oct. 18, 2023

US accounting degree graduates plunge 7.4%

Students snub accounting for reasons ranging from comparatively low pay to tough requirements for certification, according to financial executives.

By Jim Tyson • Oct. 17, 2023

Cost-cutting failed to save Rite Aid from Chapter 11

The pharmacy chain filed for bankruptcy as it struggled to offload $4 billion in debt, minimize its retail footprint and deal with thousands of opioid-related lawsuits.  

By Grace Noto • Oct. 17, 2023

Ex-Trump CFO lied under oath, Forbes says

The ex-finance chief perjured himself while testifying in the state of New York’s $250 million civil-fraud case against his former boss, Forbes alleged.

By Alexei Alexis • Oct. 13, 2023

PCAOB says 42% of auditors botched quality reviews

Since early 2022 the PCAOB has tightened standards, stepped up enforcement and intensified inspections of auditing firms.

By Jim Tyson • Oct. 13, 2023

FASB tightens draft environmental credit rule’s scope

The U.S. standard setter is developing the first accounting guidance to directly apply to certain environmental credits.

By Maura Webber Sadovi • Oct. 11, 2023

Ex-Trump CFO testifies NYC apartment size was inflated

Financial reporting practices are at the heart of the New York Attorney General’s civil-fraud case against former President Trump and his real estate company.

By Maura Webber Sadovi • Oct. 10, 2023

Ripple CFO departs for Maven Clinic amid SEC battle

CFO Kristina Campbell is leaving Ripple as the exchange continues to tussle with the SEC over the fate of its XRP token.  

By Grace Noto • Oct. 10, 2023

SEC cyber rules send execs scrambling as deadlines near

Companies face the thorny challenge of determining what constitutes a “material” cyber breach for reporting purposes.

By Alexei Alexis • Oct. 10, 2023

EY CFO departed following failed split: reports

Jamie Miller departed the Big Four firm just weeks after the failure of its plan to split its audit and consulting business into two distinct entities. 

By Grace Noto • Oct. 9, 2023

Smart corporate investing: Reduce tax bills with Investment Tax Credit transfers

The Inflation Reduction Act created a new option: Investment tax credit (ITC) transfers. With an ITC transfer, renewable energy developers sell their ITCs to taxpaying corporations. The developer receives cash immediately, and the corporation earns a locked-in profit by buying at a discount to par.

Oct. 9, 2023

RingCentral CFO keeps eye on sustainable growth

For finance chief Sonalee Parekh, the best way to drive profitability is to keep your eye on growth and product innovation.

By Grace Noto • Oct. 6, 2023