Risk Management: Page 18
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Retail sales surge as economy enters Q2 spurred by spend-happy consumers
After the release of the retail sales data, the Federal Reserve Bank of Atlanta upgraded its estimate for the annualized rate in first quarter GDP growth to 2.8% from 2.4%.
By Jim Tyson • April 15, 2024 -
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Cyberattacks pose biggest business threat, small companies say
Small businesses in professional services are more concerned about cyber risk than those in manufacturing or other services, the U.S. Chamber of Commerce said.
By Jim Tyson • April 12, 2024 -
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Inflation outruns forecasts, prompting market bets on fewer Fed rate cuts
Futures traders cut from 56% to 17% the odds that the Fed will conclude 2024 having trimmed the main rate by more than a half percentage point.
By Jim Tyson • April 10, 2024 -
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Hiring will likely grow even as economy slows in Q2, Q3: Conference Board
Employment will likely remain strong as the supply and demand for labor gradually come into better balance, economists said.
By Jim Tyson • April 9, 2024 -
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Nation-state actors drive up cyberthreats
Microsoft and Hewlett Packard Enterprise are among companies that have recently reported high-profile cyber intrusions attributed to nation-state actors.
By Alexei Alexis • April 9, 2024 -
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Companies fall short on curbing cybersecurity risks from vendors: Moody’s
Cyberrisks are mounting, with artificial intelligence likely to increase the threat of attack in the short to medium term, Moody’s said.
By Jim Tyson • April 8, 2024 -
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Deploying AI in accounting poses 12 audit risks: CAQ study
CFOs see the value of generative artificial intelligence but may not fully grasp its audit risks, according to the Center for Audit Quality.
By Jim Tyson • April 5, 2024 -
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IRS warns of ‘Dirty Dozen’ worst tax scams to avoid
The Internal Revenue Service is once again flagging the pandemic-era employee retention credit as a tax claim that it is closely watching.
By Maura Webber Sadovi • April 4, 2024 -
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Powell calls recent inflation, job data high but not game changers for Fed
The central bank must balance the risks of easing monetary policy too early or too late, Powell said.
By Jim Tyson • April 3, 2024 -
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Commercial Chapter 11s jump 43% even as distress outlook eases
Bankruptcy filings have risen for 20 months. The pace wasn’t sustainable in today's strong economy, American Bankruptcy Institute’s Chris Ward says.
By Maura Webber Sadovi • April 3, 2024 -
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Return-to-office delays burden regional bank real estate portfolios
“There's been a Frankenstein from the pandemic that's been created, and we don't know how to stop it,” TD Bank’s Gregory Carlisle said last week.
By Suman Bhattacharyya • April 2, 2024 -
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AT&T hit with proposed class action suit over massive data breach
The breach was a “direct result” of AT&T’s failure to implement adequate cybersecurity procedures, the suit alleges.
By Alexei Alexis • April 2, 2024 -
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IPO market strengthens as economy defies recession forecasts: EY
Investor enthusiasm for artificial intelligence may spur companies to go public in coming months, EY said.
By Jim Tyson • April 1, 2024 -
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Inflation ‘bursts’ may exceed Fed’s 2% target due to public debt: Brookings
Policymakers face several inflationary forces, including rising spending on defense and aging populations, economists said in a Brookings paper.
By Jim Tyson • March 29, 2024 -
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Ford CFO: Bridge collapse will likely ‘lengthen’ supply chain
The automaker will have to divert parts to other ports along the East Coast or elsewhere in the U.S., Ford’s finance chief said Tuesday.
By Maura Webber Sadovi • March 27, 2024 -
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Open Lending taps CFO for interim CEO, COO
Open Lending is leaning on its CFO of four years to position it for growth as it prepares for the “inevitable” recovery of the auto lending industry.
By Grace Noto • March 26, 2024 -
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AI scales up fraud controls, but humans still vital
AI analytics technology is turbocharging anti-fraud measures through its ability to process oceans of financial data.
By Chris Gaetano • March 26, 2024 -
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Tax-free M&A comes in crosshairs of bipartisan Senate legislation
An effort to scuttle deal-making tax exemptions coincides with signs of life in M&A after a severe slump last year.
By Jim Tyson • March 25, 2024 -
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Office real estate value likely to plunge 26% through 2025: Moody’s
An above-average amount of commercial real estate debt will soon mature and property owners will need to refinance at the highest rates in years, Moody’s said.
By Jim Tyson • March 22, 2024 -
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Companies plan 4.5% pay raises this year, outpacing inflation: Payscale
As price pressures fall, pay increases will help employees recover from the highest inflation in four decades, Payscale said.
By Jim Tyson • March 21, 2024 -
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Fed forecasts three, quarter-point rate cuts in 2024, holds main rate steady
Central bank officials upgraded their projection for 2024 economic growth to 2.1% while predicting unemployment will end the year at 4%.
By Jim Tyson • March 20, 2024 -
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CFOs play it safe on AI spending
Close to two-thirds (62%) of CFOs responding to a Deloitte poll anticipated an allocation of less than 1% of their organization’s budget for GenAI next year.
By Alexei Alexis • March 19, 2024 -
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SEC busts company behind $300M crypto Ponzi scheme targeting Latinos
Under the leadership of Gary Gensler, the SEC has intensified efforts to protect investors involved in what he calls the “Wild West” of crypto assets.
By Jim Tyson • March 15, 2024 -
Andrew Brookes
Audit committees rank cybersecurity as top priority amid SEC crackdown
Cyberattacks are just one of several rapidly changing threats confronting audit committees, according to the Center for Audit Quality and Deloitte.
By Jim Tyson • March 14, 2024 -
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EU lawmakers pass sweeping AI rules with global reach, stiff penalties
Penalties include up to €35 million or 7% of a company’s total worldwide annual turnover — whichever is higher — for violations of a ban on “emotion recognition” in the workplace.
By Alexei Alexis • March 13, 2024
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