Credit risk rising as cyber attackers strike larger companies: Moody’s

Cybercriminals are increasingly deploying generative AI tools in their efforts at ransomware and fraud, Moody’s Ratings said.

By Jim Tyson • Dec. 9, 2024

Hiring rebounds amid hurricane, strike recovery as jobless rate edges up

Traders in interest rate futures raised the odds that the Federal Reserve will cut the federal funds rate by a quarter point on Dec. 18.

By Jim Tyson • Dec. 6, 2024

Explore the Trendline➔

Compensation: solving the cost-talent puzzle

In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.

By CFO Dive staff

Super Micro proposed class actions head toward consolidation

Litigation alleging Super Micro, its CEO and CFO misled investors is poised to heat up. But an AI supercomputer project the company is involved in got a shout-out from Elon Musk.

By Maura Webber Sadovi • Dec. 6, 2024

Health insurers remove executive bios, images from websites after UnitedHealthcare CEO killing

UnitedHealth, Elevance and some BCBS plans have deleted senior leadership pages from their corporate sites, while Centene and CVS scrubbed images of their executives online.

By Rebecca Pifer • Dec. 6, 2024

Powell says solid economy gives Fed time to mull rate cut pace

Powell’s comments align with those of other Fed officials in recent days who backed a cautious approach to future reductions in borrowing costs.

By Jim Tyson • Dec. 4, 2024

Trump taps crypto lobbyist, business consultant to lead SEC

Trump’s nominee, Paul Atkins, served as a commissioner at the SEC under former President George W. Bush.

By Alexei Alexis • Dec. 4, 2024

Super Micro heeds committee call for new CFO amid process ‘lapses’

The tech company probe’s findings come on the heels of Big Four firm EY resigning in October from its position as Super Micro’s registered public accounting firm.

By Maura Webber Sadovi • Updated Dec. 4, 2024

Racial diversity falling among new corporate directors: Conference Board

The Securities and Exchange Commission is considering recommending a rule requiring companies to disclose more about diversity on their boards.

By Jim Tyson • Dec. 3, 2024

US manufacturing shrinks for eighth straight month: ISM

Some concerns about federal policy have eased since the November election, giving C-suite executives firmer footing as they complete business strategies for 2025.

By Jim Tyson • Dec. 2, 2024

Inflation accelerates as Fed officials view easing with caution

Some Federal Reserve officials said at a policy meeting this month that the central bank may hit its 2% inflation target later than expected.

By Jim Tyson • Nov. 27, 2024

Macy’s says accountant hid as much as $154M in expenses

The deliberately misleading accounting of expenses since the fourth quarter of 2021 did not disrupt cash management or vendor payments, Macy’s said.

By Jim Tyson • Nov. 25, 2024

Rise in US health benefit costs to accelerate to 10.2% next year: WTW

More than half of employers plan to trim health care costs by implementing strategies such as pharmacy benefit management, WTW said.

By Jim Tyson • Nov. 22, 2024

SEC’s Gensler to step down Jan. 20 after robust rulemaking, enforcement

The SEC, in one of its most far-reaching changes under Gensler, adopted rules to channel more trading of Treasury securities into central clearinghouses and curb illiquidity risks.

By Jim Tyson • Nov. 21, 2024

KPMG to invest $100M in Google Cloud effort

The move expands an existing alliance as KPMG looks to bolster its consulting services, including by developing advanced generative AI agents.

By Alexei Alexis • Nov. 21, 2024

3 CFO steps for finding opportunity in geopolitical instability: McKinsey

The financial and political order built after World War II faces mounting challenges to the flow of goods, capital and services and outright conflicts in the Middle East and Ukraine.

By Jim Tyson • Nov. 19, 2024

Spirit Airlines cleared $5.4M in retention awards before bankruptcy

The budget airline’s CEO will receive a $3.8 million retention payment while its CFO will get $175,000, according to an SEC filing.

By Maura Webber Sadovi • Nov. 19, 2024

Audit committees expand oversight to ESG, cybersecurity, AI: EY

Nearly four out of five investors said boards should demonstrate expertise in climate, cybersecurity and other risks by detailing their work to limit such hazards, EY said.

By Jim Tyson • Nov. 18, 2024

Spirit CFO says post-pandemic airline sector is ‘unrecognizable’

Budget carriers like bankrupt Spirit Airlines have been “disproportionately” affected by industry headwinds as they rely on “much slimmer margins,” CFO Fred Cromer writes.

By Maura Webber Sadovi • Nov. 18, 2024

Retail sales rise in hint of cheer for holiday consumer spending

Recent signs of robust consumer spending and persistent inflation prompted Wall Street to reduce the odds that the Fed will cut the main interest rate by a quarter point at its December meeting.

By Jim Tyson • Nov. 15, 2024

How Trump 2.0 could revamp tax policy

Businesses need to prepare for potentially “fast moving” changes to tax policy as questions swirl around President-elect Trump’s plans, EY’s Martin Fiore said.

By Maura Webber Sadovi • Nov. 15, 2024

Economists predict above-trend economic growth in 2025: Wolters Kluwer

Economists at companies ranging from Goldman Sachs to Ford Motor and KPMG to Wells Fargo now see only a 27% probability of recession in the next 12 months.

By Jim Tyson • Nov. 14, 2024

Inflation edges up, highlighting Fed’s bumpy path to stable prices

Traders in interest rate futures bet that the Fed will take the inflation news in stride, raising the odds that it will trim borrowing costs by a quarter point next month.

By Jim Tyson • Nov. 13, 2024

GAAP is letting companies get away with anticompetitive mergers, researchers say

Intangible assets aren’t being captured in the merger review thresholds that federal antitrust agencies rely on, a paper shows.

By Robert Freedman • Nov. 13, 2024

Small business optimism rose before election despite uncertainty: NFIB

Nine out of the 10 factors that determine the NFIB’s optimism index increased last month, including the outlook for business conditions.

By Jim Tyson • Nov. 12, 2024

4 tech issues to watch in Trump’s second term

AI, cloud and cybersecurity policies are in the spotlight ahead of the forthcoming Trump administration.

By Roberto Torres • Nov. 12, 2024