Strategy & Operations: Page 26

  • Boeing
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    Stephen Brashear via Getty Images
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    Boeing to spend $4B plus to fix safety, supply chain woes: CFO

    The aerospace company’s finance chief on Wednesday detailed some of the financial implications of the safety issues that have have recently plagued the company.

    By • March 20, 2024
  • Jerome Powell
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    Win McNamee via Getty Images
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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 • March 20, 2024
  • navigating Explore the Trendlineâž”
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    alexyz3d via Getty Images
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    Trendline

    Navigating risk in turbulent times

    CFOs must help their organizations mitigate risks by balancing the need for both growth and stability. 

    By CFO Dive staff
  • An Amazon Go retail store is seen at the Amazon.com Inc. headquarters.
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    David Ryder via Getty Images
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    Tech Q1 job cuts surge above 50K

    The latest figures show that layoff activity in the tech sector may be far from over despite a huge drop after the first quarter of last year.

    By • March 19, 2024
  • Businessman working in office using calculator and laptop.
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    lovelyday12 via Getty Images
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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 • March 19, 2024
  • Header image for "56% of Business Leaders Are Incorporating AI Into Cybersecurity: Weekly Stat"
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    Andrew Brookes
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    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 • March 14, 2024
  • New cars parked at a dealership.
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    Bilanol/iStock/Getty Images Plus via Getty Images
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    Affirm CFO swears off auto lending, for now

    The buy now, pay later company seeks to be involved in more consumer spending opportunities, but finance chief Michael Linford all but ruled out auto lending.

    By Caitlin Mullen • March 13, 2024
  • Close-up view of a row of $100 bills
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    Mark Wilson via Getty Images
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    Inflation exceeds forecasts, affirming Fed’s caution on initial rate cut

    Futures trading suggested that the odds that policymakers will cut the main interest rate by at least a quarter point on May 1 have plunged to 11% from 52% a month ago.

    By • March 12, 2024
  • A person walks by a Peloton store while wheeling a stroller.
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    Joe Raedle via Getty Images
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    Peloton CFO leans on cost cutting to reverse post-pandemic slump

    Finance chief Liz Coddington is cutting overhead costs and driving more revenue from Peloton’s digital subscription and bike rental businesses.

    By Suman Bhattacharyya • March 12, 2024
  • A construction worker welds a steel beam.
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    kali9 / E+ via Getty Images
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    CEO confidence, capital spending plans rise: Business Roundtable

    Like CEOs, economists at large companies have grown more optimistic and foresee stepped up spending on business fixed investment this year, Wolters Kluwer said.

    By • March 11, 2024
  • Header image for "Fed Shows Resolve to Hit 2% Inflation Goal, Raises Rates Again"
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    Getty Images via Getty Images
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    Powell assailed by Democrats calling on Fed to cut rates from 23-year high

    The Fed chair said that policymakers will likely begin trimming borrowing costs sometime this year if data show that inflation is steadily falling.

    By • March 7, 2024
  • Richard Galanti headshot
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    Courtesy of Costco
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    Q&A

    Costco CFO ‘voice’ looks back on 40 years, $1.50 hot dogs and leadership

    Richard Galanti thought he might stay four years at what was then a retail startup. Costco’s CFO stayed about four decades.

    By • March 7, 2024
  • An office building in New York City.
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    franckreporter/E+ via Getty Images
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    Powell predicts commercial real estate woes will most afflict smaller banks

    The Fed, bankers and commercial real estate executives have warned of turbulence as property owners struggle to refinance debt at higher rates.

    By • March 6, 2024
  • Gary Gensler smiles as he prepares to sit and testify
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    Drew Angerer via Getty Images
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    SEC drops scope 3 from final climate rule

    The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.

    By Lamar Johnson • March 6, 2024
  • Executives are seen speaking during a meeting.
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    AzmanL via Getty Images
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    Gender diversity on boards correlates with high credit quality: Moody’s

    Investors seek greater gender and racial diversity on corporate boards, according to the Securities and Exchange Commission.

    By • March 5, 2024
  • A person hands a check across a desk.
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    Andrey Popov via Getty Images
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    Pay roundup: States where minimum wage is on the rise

    A growing number of states are raising minimum wages: Delaware, Illinois and Rhode Island are expected to raise their levels to $15 in 2025, according to NELP.

    By Chris Gaetano • March 5, 2024
  • A row of data center servers, featuring the silhouette of a single worker standing in the background.
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    gorodenkoff via Getty Images
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    Legacy tech stymies cost-cutting innovations

    Most companies fell short of their cost-reduction targets last year, with half citing challenges related to legacy tech as a top barrier, Deloitte found.

    By • March 5, 2024
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    David McNew via Getty Images
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    93% of firms use a mix of ESG standards, thwarting uniformity efforts: IFAC

    The spotlight on confusion from a jumble of ESG frameworks comes just days before a vote on an SEC rule aimed at ensuring uniformity in climate disclosure.

    By • March 4, 2024
  • Uncut sheet of U.S. $100 bills
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    eranicle/iStock via Getty Images
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    Fed’s key inflation measure rose in January, validating high-rate hold

    Policymakers have refrained from declaring sufficient progress in their fight against inflation, pushing back by several months market expectations for a rate cut.

    By • Feb. 29, 2024
  • A stock image of a consumer examining a receipt.
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    Patpitchaya via Getty Images
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    Consumer confidence falls, breaking three-month rising streak

    Spending by consumers is showing signs of sputtering after propelling better-than-expected economic growth last year.

    By • Feb. 27, 2024
  • SaaS (Software as a service) key on computer keyboard.
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    mfto via Getty Images
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    SaaS license waste tops IT spend challenges

    Hasty software purchasing during the pandemic led to bloated tech stacks that are now ripe for trimming.  

    By • Feb. 27, 2024
  • A silhouetted shot shows construction workers laboring in hot conditions.
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    SonerCdem/iStock/Getty Images Plus via Getty Images
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    Economists predict 2.2% GDP growth, outstripping prior 2024 forecast: NABE

    Data on the job market, and consumer and producer prices, suggest the Fed may need to keep the main interest rate at a 40-year high longer than markets anticipated.

    By • Feb. 26, 2024
  • Lufthansa ground crew strikes
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    Thomas Lohnes via Getty Images
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    Lufthansa CFO to step down amid board reshuffle

    The airline is overhauling its executive leadership team in the face of repeated labor strikes by its ground staff in its home country of Germany.

    By • Feb. 23, 2024
  • A reflective white and gray jet flying above the clouds with the blue sky in the background.
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    Courtesy of Honda Aircraft Co.

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    IRS targets ‘under the radar’ misuse of corporate jets: Werfel

    The IRS has stepped up tax enforcement since Congress approved a $80 billion funding boost in 2022.

    By • Feb. 22, 2024
  • Business executive breaks pencil after error.
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    Ablestock via Getty Images
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    More than half of accountants make several errors each month: Gartner

    Accountants with excessive workloads tend to err through manual mistakes, lax review of records or misinterpretation of data, Gartner said.

    By • Feb. 21, 2024
  • Getty graphics
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    Getty graphics via Getty Images
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    M&A to rise, buoyed by ready cash, solid profits, stable economy: McKinsey

    CFOs will sooner reach strategic goals through deal-making than through organic growth, McKinsey said.

    By • Feb. 20, 2024