Strategy & Operations: Page 2
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Economic data no longer herald recession: Conference Board
Several data points during the past two weeks paint a sunny outlook for the economy, discouraging forecasts of a downturn.
By Jim Tyson • Aug. 19, 2024 -
Kamala Harris proposes grocery price-gouging ban as part of economic platform
Grocery trade groups had mixed reactions, with the National Grocers Association calling for stronger enforcement of current federal antitrust requirements.
By Catherine Douglas Moran • Aug. 19, 2024 -
Trendline
Digital transformation, one smart step at a time
By taking an incremental approach, CFOs can move their finance and accounting operations onto an automated, intelligent platform without letting disruption distract from their efforts to scale.
By CFO Dive staff -
Cisco plans to cut 7% of workforce amid AI push
The tech giant is “shifting hundreds of millions of dollars” into artificial intelligence and other growth areas of its business, CEO Chuck Robbins said.
By Alexei Alexis • Aug. 15, 2024 -
Opinion
How to push price and bust currency devaluation
Whether for increased revenue or profitability, corporate growth requires price increases — potentially as frequently as every six months, Adam Echter writes.
By Adam Echter • Aug. 15, 2024 -
Inflation slows to three-year low, clearing way for Fed rate cut
The central bank at a meeting next month will likely weigh cooling inflation against signs that the labor market is loosening up.
By Jim Tyson • Aug. 14, 2024 -
Producer price inflation slows, brightening outlook for Fed rate cut
The less-than-forecast gain in PPI last month bodes well for a decline in economy-wide price pressures in coming months.
By Jim Tyson • Aug. 13, 2024 -
M&A, vendor reliance help drive up ransomware threat: report
The financial severity of claims related to ransomware attacks increased more than 400% from 2022 to 2023, the study found.
By Alexei Alexis • Aug. 13, 2024 -
Opinion
Bolstering the CFO-CRO relationship to ensure AI investment returns
The CFO and CRO can serve as a crucial duo as organizations face pressure to launch revenue-generating AI projects, writes MinIO CFO Mark Khavkin.
By Mark Khavkin • Aug. 13, 2024 -
Fractional experts, AI can ease pressures on ‘overextended’ finance teams
CFOs need to bring flexibility to overburdened finance teams to navigate economic headwinds, Paro’s Michael Burdick said.
By Grace Noto • Aug. 12, 2024 -
Jobless claims dip below forecasts in glimmer of hope for labor market
The report on initial jobless claims helped fuel a rebound in equity markets following news last week of job market weakness.
By Jim Tyson • Aug. 8, 2024 -
CFOs must act as data, decision-making center: Pigment
CFOs need access to a wide range of data to ensure they can react speedily to market challenges, Pigment CEO Eleonore Crespo says.
By Grace Noto • Aug. 8, 2024 -
AI prep is top challenge for companies drowning in ‘unstructured data’
The AI boom is forcing companies to consider data management upgrades, as some face budget constraints.
By Alexei Alexis • Aug. 7, 2024 -
Delinquencies rise as household debt hits record high: NY Fed
Rising consumer debt and delinquencies, along with an increase in unemployment, have shown no signs of dampening consumer spending.
By Jim Tyson • Aug. 7, 2024 -
Job market setbacks do not ‘portend’ broad slump: Conference Board
Investors fearing a recession have pulled back from risk since a report on Friday that unemployment last month rose to 4.3%.
By Jim Tyson • Aug. 6, 2024 -
Warehouse robot momentum faces cost, ROI challenges
Companies that invest in the pricey technology may need to wait two to three years on average to see a return on investment, market analyst Ash Sharma said.
By Alexei Alexis • Aug. 6, 2024 -
KPMG aims to bolster tech consulting position in Rhino.AI deal
The combination will help companies modernize their legacy IT systems with “faster time to value” and lower costs, according to Rhino.AI.
By Alexei Alexis • Aug. 6, 2024 -
Fed’s Goolsbee seeks to cool speculation of sudden turn to rate policy
The central bank official cited signs of solid economic growth, including a 2.8%-annual-rate increase in gross domestic product during the second quarter.
By Jim Tyson • Aug. 5, 2024 -
Insured loss impact could reach $1B following CrowdStrike outage
Guy Carpenter said it could be worse: Had the incident involved a ransomware attack, losses could have reached $2 billion.
By David Jones • Aug. 5, 2024 -
Big tech banks on AI boom as infrastructure spending heads for trillion-dollar mark
“While we're investing a significant amount in the AI space and in infrastructure, we would like to have more capacity than we already have today,” Amazon CEO Andy Jassy said.
By Matt Ashare • Aug. 5, 2024 -
How to curb ‘key man risk’ and late SEC filings
The accounting talent shortage and increased reporting requirements helped create a “perfect storm” leading to more late SEC filings, UHY’s Ro Sokhi said.
By Maura Webber Sadovi • Aug. 2, 2024 -
Accounting pipeline task force calls out 6 fixes
Reducing the time and cost of education needed to become a licensed CPA and raising starting salaries were among the solutions proposed in the final report.
By Maura Webber Sadovi • Aug. 2, 2024 -
6 out of 10 firms expect to hold finance staffing steady, study finds
While the majority of firms say they expect to hold staffing levels steady, competition for qualified professionals — especially controllers — is fierce, according to a recent Controllers Council survey.
By Chris Gaetano • Aug. 2, 2024 -
Minnesota CPAs eye 2025 after 120-hour bill stalls
The bill would have allowed Minnesota CPAs to obtain a license with just 120 college credit hours — rather than the 150 hours now required.
By Maura Webber Sadovi • July 30, 2024 -
BlackBerry promotes cyber finance chief to company CFO
The CFO shift comes as BlackBerry seeks $150 million in cost saving and proceeds with a separation plan for its IoT and cybersecurity divisions.
By Grace Noto • July 30, 2024 -
Startup focused on easing digital B2B payment pain points raises $9M
The move comes as digital payments among businesses are expected to surge in coming years, creating a complex new world with potential challenges for vendors.
By Alexei Alexis • July 30, 2024