Strategy & Operations: Page 26
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‘Higher-for-longer’ rates saddle companies with $381B in added costs
"The new higher-interest-rate environment might trigger a decaffeinated repeat of the 2008 financial crisis,” according to a partner at Baringa.
By Jim Tyson • May 28, 2024 -
Courtesy of Gain Therapeutics
Gain biotech CFO aims past burn to budget for growth
The Bethesda, Maryland-based biotech, which is facing liquidity pressures, appointed Gene Mack as its new finance chief in April.
By Maura Webber Sadovi • May 28, 2024 -
Explore the Trendline➔
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TrendlineCFO best practices in the evolving generative AI era
As the initial frenzy around the launch of generative artificial intelligence subsides, a new GenAI era appears to be taking shape.
By CFO Dive staff -
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Nvidia shows off strength of AI with 262% sales jump
“The next industrial revolution has begun,” Nvidia CEO Jensen Huang said during an earnings call last week.
By Alexei Alexis • May 28, 2024 -
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Gensler slams crypto after House passes bill opening ‘regulatory gaps’
A growing number of companies in the U.S. and elsewhere have turned to digital assets as an alternative to conventional currencies, according to Deloitte.
By Jim Tyson • May 24, 2024 -
Matthew Eisman/Getty Images for Pandora Media via Getty Images
Spotify vet tapped for VF Corp.’s CFO chair
The appointment is part of a broader leadership shake-up at the struggling footwear company as it tries to restore profitable growth.
By Alexei Alexis • May 23, 2024 -
Justin Sullivan via Getty Images
Red Lobster’s ‘erratic’ payments to vendors among bankruptcy warning signs: Creditsafe
The company’s average “days beyond terms” jumped from 15 in December to 30 in January, reaching 57 as of March.
By Alexei Alexis • May 22, 2024 -
Courtesy of BCG
Q&AHow companies should approach compliance under multiple climate reporting regulations: BCG
BCG's Tim Mohin said the CFO "owns" the regulatory reporting process as their office is most responsible for financial statements that will include climate information in the future.
By Suman Bhattacharyya • May 22, 2024 -
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More small companies willing to distort books to hide corruption: ACCA
The U.S. has made little progress combating corruption since 2021, according to Transparency International.
By Jim Tyson • May 21, 2024 -
Laurence Dutton via Getty Images
Shadow IT surge threatens corporate data: report
OpenAI’s ChatGPT tool remains the most frequently used AI application in the workplace, according to the research.
By Alexei Alexis • May 21, 2024 -
NicoElNino via Getty Images
Ballooning AI budgets expected to face ROI pressure
As corporate AI expenditures grow, they will likely come under increased scrutiny in earnings calls, Gartner’s Frances Karamouzis said.
By Alexei Alexis • May 21, 2024 -
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Economists bump up 2024 core PCE inflation forecast to 2.7%: NABE
Fed officials reiterated Monday that before trimming borrowing costs they need more confidence that price pressures will steadily decline.
By Jim Tyson • May 20, 2024 -
AndreyPopov via Getty Images
Want to fix the accounting talent shortage? Raise starting salaries, students say.
Mean starting salaries for accounting and related services majors in stood at $60,698 in 2022, according to the National Association of Colleges and Employers.
By Maura Webber Sadovi • May 20, 2024 -
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GDP growth to sink below 1% amid ‘serious headwinds’: Conference Board
Several recent signals from the economy suggest that the expansion is slowing after defying recession predictions in 2023.
By Jim Tyson • May 17, 2024 -
SolStock via Getty Images
What’s the cost of the IT skills gap? IDC says $5.5 trillion by 2026
AI coding and workforce training capabilities could trim as much as $1 trillion from the losses by 2027, according to IDC researcher Gina Smith.
By Matt Ashare • May 17, 2024 -
Kate Tornone/CFO Dive
Employers should include workers in AI plans, DOL says
The agency outlined a list of eight “AI Principles for Developers and Employers” on Thursday, following up on a 2023 directive from the White House.
By Ryan Golden • May 16, 2024 -
Courtesy of Kyriba
First-time CFO looks to sharpen Kyriba’s FP&A approach
Adam Drew in March became the San Diego, California-based treasury and finance platform provider’s first permanent CFO in more than a year.
By Maura Webber Sadovi • May 16, 2024 -
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Inflation cools, reassuring Fed after unexpectedly hot gains in Q1
The yield on the benchmark 10-year Treasury note fell on investor speculation that slower inflation will prompt the Fed to sooner cut borrowing costs.
By Jim Tyson • May 15, 2024 -
Tim Boyle via Getty Images
Companies are choosing leaner operations over price hikes: BCG
Passing on cost increases to inflation-weary consumers is challenging, but not raising prices carries its own risks.
By Suman Bhattacharyya • May 15, 2024 -
Win McNamee via Getty Images
Powell sees longer inflation fight, ‘very small’ odds of Fed rate hike
“We have the highest interest rates in some time,” Powell said Tuesday. “The question is, ‘is it sufficiently restrictive?’”
By Jim Tyson • May 14, 2024 -
Eoneren via Getty Images
Cybersecurity ops budgets expected to climb: KPMG
The average annual budget for SOCs — a one-stop shop for managing cyber threats — is $14.6 million, according to a KPMG survey of large firms.
By Maura Webber Sadovi • May 14, 2024 -
Laurence Dutton via Getty Images
OpinionThe problem that made ‘zero-based budgeting’ unachievable just got solved
Accounting for every dollar was largely just an elusive aspiration in finance circles — until artificial intelligence arrived, writes Globality’s Seth Catalli.
By Seth Catalli • May 14, 2024 -
Kevin Dietsch/Getty Images via Getty Images
How CFOs can keep shipping costs under control: Contracts, fees, timing
Finance chiefs need to find “consultative” partners that will work to eliminate waste and drive down transport costs, experts say.
By Chris Gaetano • May 13, 2024 -
Andrey Semenov via Getty Images
Inflation to slow, settling close to Fed target in 2025: Wolters Kluwer
The forecast that price pressures will fall aligns with a 13% decline this month in sentiment among consumers, who fuel roughly 70% of economic growth.
By Jim Tyson • May 10, 2024 -
Douglas Rissing via Getty Images
Fed likely to hold rates high before cutting twice in Q4: Conference Board
Central bank officials this week have signaled that strength in hiring and economic growth may prompt the Fed to keep interest rates high longer than previously expected.
By Jim Tyson • May 8, 2024 -
Robert King via Getty Images
Tenants retain upper hand as US office vacancy hits fresh high: CBRE
Many office landlords are continuing to offer tenants generous concessions as hybrid work and other factors weigh on demand.
By Maura Webber Sadovi • May 7, 2024
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