SEC accepts crypto update to GAAP taxonomy

The accounting changes come as crypto-asset valuations have taken a beating and drawn increasing regulatory scrutiny.

By Maura Webber Sadovi • Aug. 17, 2022

Walmart CFO aims for market share as shoppers trade down

The retail giant’s pricing strategy — geared to budget-conscious consumers — includes plans for an under-$50 Thanksgiving meal for four.

By Maura Webber Sadovi • Aug. 16, 2022

Explore the Trendline➔

CFO best practices in the evolving generative AI era

As the initial frenzy around the launch of generative artificial intelligence subsides, a new GenAI era appears to be taking shape.

By CFO Dive staff

Home Depot gains record profit on home improvement craze

Home Depot reported record Q2 revenue, with homeowners’ strong balance sheets helping the company to navigate successfully through inflationary pressures.

By Grace Noto • Aug. 16, 2022

China’s economic ills persist under COVID-19 lockdowns

Rising COVID-19 cases and record youth unemployment saw China’s economy slump in July, further clouding its growth outlook for the year.

By Grace Noto • Aug. 16, 2022

Akumin terminates CFO per transformation plan

With the hiring of a global business transformation specialist as Akumin’s interim CFO, William Larkin is fired from the top financial seat. 

By Elizabeth Flood • Aug. 15, 2022

Sonos CFO departs for Taser-maker Axon

CFO Brittany Bagley exits Sonos following disappointing fiscal third quarter revenue results, with the speaker company partially blaming inflation for a lackluster quarter.

By Elizabeth Flood • Aug. 11, 2022

Bankrupt Revlon to pay $165,000 monthly for interim CFO

Alvarez & Marsal Managing Director Matt Kvarda will step in as interim CFO for beauty brand Revlon as it goes through corporate restructuring, with the consulting firm reaping a $165,000 monthly fee.

By Grace Noto • Aug. 10, 2022

Brink’s taps Eaton, PwC veteran as CFO

The Brink's Company, know for its iconic trucks that transport cash, has tapped a new CFO as its long-time finance chief prepares to retire. 

By Elizabeth Flood • Aug. 10, 2022

IFF CFO sees ‘meaningful’ cost increases next year

International Flavors & Fragrances CFO said the ingredient maker is rethinking contracts as part of its effort to combat inflation. 

By Maura Webber Sadovi • Aug. 9, 2022

AMC Networks promotes CFO to CEO, names new finance chief

Patrick O’Connell is joining AMC as CFO while the current finance chief moves up the ladder.

By Elizabeth Flood • Aug. 9, 2022

Tanger REIT continues CFO hunt, highlights ESG

Two months after announcing the abrupt departure of James Williams, Tanger REIT is continuing its CFO search. 

By Grace Noto • Aug. 9, 2022

Companies reporting weak earnings go unpunished

Several CFOs have announced disappointing second-quarter earnings while not triggering a decline in their company’s share price, FactSet said.

By Jim Tyson • Aug. 8, 2022

Plummeting tech valuations lead to record $23B SoftBank loss

The slump in global technology stocks, rising inflation and a weaker yen led Japanese bank SoftBank to report a record $23 billion loss.

By Grace Noto • Aug. 8, 2022

Bankrupt Celsius pulls bid to hire ex-CFO

Cryptocurrency firm Celsius pulls motion to tap its former CFO as a bankruptcy advisor following legal objections filed from investors.

By Grace Noto • Aug. 8, 2022

Just 9% of finance departments have primary ESG oversight: survey

Evidence of loose internal controls related to environmental, social and governance (ESG) data comes as the potential cost of companies getting ESG reporting wrong are rising. 

By Maura Webber Sadovi • Aug. 5, 2022

WeWork plans to raise rates in stronger markets

CFOs are wrestling with how much to spend on office real estate as the shift to hybrid work has accelerated.  

By Maura Webber Sadovi • Aug. 4, 2022

SEC should require global tax disclosure: transparency group

Spotty public disclosure by U.S. companies on foreign tax risk may erode investor confidence and increase the odds of financial market instability, according to the FACT Coalition.

By Jim Tyson • Aug. 4, 2022

Bankrupt Celsius, investors clash over former CFO advisory role, allege double dipping

Investors are taking steps to block Celsius from tapping former CFO Rod Bolger as a bankruptcy advisor, a bid that comes with a costly $92,000 monthly price tag for the insolvent company.

By Grace Noto • Aug. 4, 2022

PayPal hands new CFO $6M cash hiring bonus

The PayPal CFO's new-hire bonus comes as some companies are using more cash-rich compensation packages to land finance chiefs.

By Maura Webber Sadovi • Aug. 3, 2022

Inflation brings new drivers to Uber in cash flow positive quarter

Inflation is nudging new drivers and couriers to Uber as the company posts record driver base figures and its first cash flow positive quarter.

By Grace Noto • Aug. 2, 2022

PCAOB, SEC double down on full access to audits in China

The Public Company Accounting Oversight Board (PCAOB) doesn’t have the authority to remove foreign companies from U.S. exchanges but a 2020 law gives the Securities and Exchange Commission authority to do that if the PCAOB isn’t getting cooperation.

By Maura Webber Sadovi • Aug. 2, 2022

CFOs look for consistency, transparency in emerging sustainability requirements

CFOs globally are asking for added transparency and more consistency as regulatory bodies gear up to publish sustainability reporting standards later this year.

By Grace Noto • Aug. 1, 2022

U.S. economy faces recession question as inflationary pressures continue

Ongoing pressures are raising the question of whether the U.S. is inching toward a recession. That threat is emerging amid conflicting economic indicators.

By Grace Noto • July 29, 2022

Steady capex buoys JPMorgan economist’s recession-free outlook

While businesses are cautious, second quarter capex levels suggest they don’t appear to be bracing for a broader contraction, according to JPMorgan’s Jim Glassman. 

By Maura Webber Sadovi • July 28, 2022

SEC may take ‘fresh look’ at auditor conflicts of interest: Gensler

Decades after the Enron accounting scandal led Congress to direct the SEC to create stronger barriers between auditors and other parts of their firms, auditor conflicts of interest persist.  

By Maura Webber Sadovi • July 28, 2022