Labor market tightness unaffected by unemployment uptick

Labor market conditions likely remain untouched despite a recent rise in unemployment claims prior to the Thanksgiving holiday, with labor demand still outpacing supply.

By Grace Noto • Nov. 23, 2022

Labor market rebalancing will require job loss: Fitch

The job openings rate will likely decline from the current rate of 6.5% to 5.2% by 2024, reducing job openings by 2.1 million, according to Fitch Ratings.

By Elizabeth Flood • Nov. 22, 2022

Lease abandonments trigger accounting questions

Companies are wrestling with the accounting implications of shrinking their real estate footprints. It’s not as simple as moving out and moving on.

By Maura Webber Sadovi • Nov. 18, 2022

Tech execs see growth opportunities in economic downturn: EY

Half of executives in the technology sector see a potential recession as a time to implement growth strategies.

By Elizabeth Flood • Nov. 17, 2022

ESG materiality ranges beyond ‘bottom line’: SEC official

The SEC will not limit scrutiny to a company’s income statement when verifying compliance with a proposed rule requiring climate risk disclosure, an agency official said.

By Jim Tyson • Nov. 15, 2022

Layoffs part of top-down, bottom-up cost-cutting strategy, Surface CFO says

Surface Oncology is one of many biotechnology firms that have been cutting jobs as investor interest in the sector has dried up this year. 

By Maura Webber Sadovi • Nov. 15, 2022

CFO FP&A Close-up: Modern planning and analysis

In today’s uncertain economy, strategic planning and analysis is more important — and difficult — than ever. CFOs need to set priorities to get the most out of their FP&A teams.

By Elizabeth Flood • Nov. 14, 2022

Bahamas law enforcement investigates bankrupt FTX exchange

The collapse of the prominent cryptocurrency exchange coincides with SEC efforts to safeguard investors and businesses against abuses in crypto and other digital assets.

By Gabrielle Saulsbery • Nov. 14, 2022

US public companies seek assurance over ESG disclosures as investor demand grows

Amid upcoming regulatory action, a new analysis found that the majority of public companies are reporting ESG information and increasingly, seeking assurance.

Nov. 14, 2022

Most CFOs geared up to freeze hiring, survey finds

As an increasing number of economists forecast a recession, financial leaders are contemplating hiring freezes, even as businesses describe their teams as "understaffed."

By Maura Webber Sadovi • Nov. 11, 2022

CFOs outpace CEOs’ retention bonus frequency

Companies are handing CFOs a significant share of retention bonuses as the churn of finance chiefs leaving jobs has increased.

By Maura Webber Sadovi • Nov. 7, 2022

CFOs plan to boost ESG spending despite recession risk: survey

CFOs still aim to spend more on ESG initiatives in 2023 even though they expect economic disruptions to persist until mid-year.

By Grace Noto • Nov. 3, 2022

Over half of workers plan to jump ship if they don’t get raises: survey

The November Human Workplace Index found that 51.1% of employees would look for other opportunities if their company announced a spending freeze in compensation.

By Elizabeth Flood • Nov. 2, 2022

Earnings roundup: Chip shortages, supply chain challenges worry auto CFOs

Supply chain challenges, material shortages and rising costs are leading automakers to reduce sales expectations following lukewarm quarterly results.

By Grace Noto • Nov. 1, 2022

Dentsply probe finds former CFO violated ethics code

Dentsply’s internal North America probe didn't find evidence of intentional wrongdoing or fraud but did find some former senior managers violated the company’s code of ethics.

By Maura Webber Sadovi • Nov. 1, 2022

Musk buys Twitter, swiftly fires CEO, CFO

By Friday morning, Ned Segal's Twitter account bio was updated, describing him as the "former CFO and [a] current fan of @Twitter.”

By Maura Webber Sadovi • Oct. 27, 2022

McDonald’s serves up 10% U.S. price hike, CFO says

McDonald’s price increases come as businesses across industries are fine-tuning strategies for offsetting inflation without alienating customers.

By Maura Webber Sadovi • Oct. 27, 2022

Meta CFO backs AI spending as Metaverse bleeds $3.7 billion

Despite investor skepticism, Meta is pushing forward with spending on artificial intelligence and its Metaverse project.

By Grace Noto • Oct. 27, 2022

SEC adopts bonus clawback rules

The new clawback rules come amid a broader push by the SEC for more transparency and disclosures in financial reports.

By Maura Webber Sadovi • Oct. 26, 2022

Keurig Dr. Pepper taps new CFO

Sudhanshu Priyadarshi was appointed CFO after his predecessor moved up to the CEO post.

By Elizabeth Flood • Oct. 26, 2022

Judge denies Rialto bid to dismiss Icahn mall suit

The suit comes as CFOs are likely to face more disputes around appraisals as the slowing economy impacts real estate valuations.

By Maura Webber Sadovi • Oct. 25, 2022

SEC busts cannabis company on fraud charges

Cronos, a Canadian producer of marijuana-based products, settled with regulators over charges of faulty accounting and lax controls.

By Jim Tyson • Oct. 25, 2022

Companies brace for downturn amid high inflation: Fed

Persistent cost pressures and supply chain bottlenecks are intensifying recession fears at U.S. companies, the Federal Reserve said.

By Grace Noto • Oct. 20, 2022

Baker Hughes appoints CFO, warns on inflation

The Houston-based oil services giant snapped up Nancy Buese from Newmont Mining, naming her as their new chief financial officer. 

By Elizabeth Flood • Oct. 20, 2022

Tackling the build versus buy forecasting dilemma

The rise in economic volatility is increasing the need for better decisions when it comes to acquiring and interpreting forecasting data.

By John Frechette • Oct. 20, 2022