Trump-leaning counties gain half of investment under Biden: Brookings

A Biden administration program to create a “leading-edge, techno-industrial base” and strengthen the middle class has disproportionately benefited Trump supporters.

By Jim Tyson • June 15, 2023

CFOs lower growth expectations, cut costs: Deloitte

Finance leaders are less willing to take on new risks and less optimistic about their companies’ financial prospects as their CEOs urge them to continue slashing costs.

By Grace Noto • June 15, 2023

Fed pauses tightening while raising end-of-year rate projection

Before its next meeting in late July, the central bank plans to assess the impact from the most aggressive monetary tightening in four decades.

By Jim Tyson • June 14, 2023

Inflation cools, increasing odds of pause in Fed rate hikes

Traders in interest-rate futures predict the Fed on Wednesday will forgo a rate increase, postponing a further tightening until late July.

By Jim Tyson • June 13, 2023

Cybercriminals target high-profit companies: AEI

Investors in recent years have responded faster to news about a cyberattack, AEI researchers said.

By Jim Tyson • June 12, 2023

Cyber startup DTEX snatches ‘high-growth’ CFO

The appointment will support DTEX’s growth trajectory amid rising demand for its insider risk management services, the company said.

By Alexei Alexis • June 8, 2023

PCAOB aims to sharpen auditor focus on fraud

The U.S. audit watchdog said its newest proposal would speed notification of noncompliance, reducing ultimate costs to investors.

By Jim Tyson • June 7, 2023

GOP lawmakers tell Gensler not to bow to EU’s tough climate rules

The Biden administration aims to allow strict EU standards on climate risk to guide actions by U.S. companies, according to top Republican legislators.

By Jim Tyson • June 6, 2023

Tight credit to trigger recession in final half of 2023: Moody’s

The U.S. service sector stalled last month, the Institute for Supply Management said Monday, adding to signs of a potential downturn in the months ahead.

By Jim Tyson • June 5, 2023

Companies weigh case for emerging active shooter insurance

While mass shootings are unfortunately not new, insurance policies that specifically take them into account only began emerging around 2016.

By Chris Gaetano • June 5, 2023

Strong hiring blurs Fed’s signal of pause in rate hikes

Robust payroll growth in May shows that the central bank, as part of its effort to curb inflation, has made limited progress in cooling the labor market.

By Jim Tyson • June 2, 2023

CFOs should lead adoption of generative AI: Gartner

The rapid spread of generative AI has compelled top finance executives to weigh big opportunities from the new technology against its risks.

By Jim Tyson • June 1, 2023

Consumer confidence sags on gloomy jobs outlook

The proportion of consumers who said jobs were hard to get rose in May, the Conference Board said.

By Jim Tyson • May 30, 2023

Visibility is key for protecting cash flow, Trovata CEO says

A new treasury platform is using ChatGPT technology to give finance chiefs higher visibility into their cash flow.

By Elizabeth Flood • May 30, 2023

Most small businesses worry about credit squeeze: Goldman

Inflation last month persisted at more than twice the Federal Reserve’s 2% target, raising the possibility that policymakers may raise borrowing costs again next month.

By Jim Tyson • May 26, 2023

ChatGPT aces CPA exam after prior version flunked

ChatGPT-3.5 took the CPA exam and got an “F.” The newest version of the AI learned from the failure, however, and nailed the test, researchers said.

By Jim Tyson • May 25, 2023

Fed officials disagreed on need to raise rates in June

Financial markets signal expectations that the Fed will reverse course and begin to trim borrowing costs as early as September.

By Jim Tyson • May 24, 2023

SEC enforcement not ‘a game of gotcha,’ Grewal says

The SEC will press on with aggressive enforcement while seeking to collaborate with companies under scrutiny, the agency’s enforcement director said.   

By Jim Tyson • May 23, 2023

Resilience sounds alarm on 300% ransomware resurgence

Ransomware claims by the cyber insurer’s customers grew 300% from the third quarter of 2022 to the first quarter of this year.

By Alexei Alexis • May 23, 2023

Investors oppose using ESG criteria in retirement funds: Gallup

U.S. companies face intense pressure to embrace sustainability even as many Americans do not want ESG goals to guide the investment of their retirement money.

By Jim Tyson • May 22, 2023

Fostering diverse banking relationships key to balancing risk

The wobbles in the banking industry put a spotlight on the importance of diversifying banking and financial relationships for CFOs looking to mitigate business risk.

By Grace Noto • May 22, 2023

Recession likely to start in Q3 as Fed sustains inflation fight: Fannie Mae

The Fed may keep borrowing costs high and trigger a downturn if robust wage gains persist in coming months, Fannie Mae said.

By Jim Tyson • May 19, 2023

Dole incurs $10.5M in direct costs from February ransomware attack

The attack impacted about half of Dole's legacy company’s servers and one-quarter of its end-user computers.

By David Jones • May 18, 2023

M&A falters despite ‘heavily discounted prices’: PitchBook

Deals valued at below $100 million accounted for a record proportion of M&A transactions during the first quarter.

By Jim Tyson • May 17, 2023

US cyber insurance premiums exceeded $7.2B last year

Despite sharp price increases over recent years, cyber insurance is in high demand as a risk mitigation strategy, according to Fitch Ratings.

By Alexei Alexis • May 16, 2023