Strategy & Operations: Page 3
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Homebuilding sags to four-year low, stifled by higher-for-longer rates
Mortgage activity last month slumped 8.5% compared with April and 7.3% compared with May 2023, Freddie Mac said Thursday.
By Jim Tyson • June 20, 2024 -
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Slim gain in retail sales highlights challenges for consumers
“Inflation and higher interest rates are straining low- and moderate-income households,” St. Louis Fed President Alberto Musalem said Tuesday.
By Jim Tyson • June 18, 2024 -
Explore the Trendline➔
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TrendlineDigital 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 -
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Startup focused on AI-driven cyber threats raises $18M
The announcement comes as artificial intelligence adoption explodes and enterprises grapple with related risks.
By Alexei Alexis • June 18, 2024 -
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Tech layoffs impact nearly 100,000 workers so far in 2024
Microsoft, Google, Apple, Tesla and TikTok owner ByteDance are among more than 300 tech companies that have announced job cuts since January.
By Alexei Alexis • June 18, 2024 -
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IRS aims to end ‘shell game’ by partnerships, targets $50B extra in taxes
Tax dodging by complex partnerships “has been overlooked for more than a decade,” IRS Commissioner Daniel Werfel said Monday.
By Jim Tyson • June 17, 2024 -
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EY’s $1B pledge targets 10% raise in starting CPA-track pay
The Big Four firm’s new initiative is tackling one of the most cited causes of the shrinking accounting talent pipeline: comparatively low starting salaries.
By Maura Webber Sadovi • June 17, 2024 -
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McDonald’s ends automated drive-thru pilot
The fast food chain still sees a future for automated order taking at the drive-thru and expects to make a decision about the tech by year’s end.
By Aneurin Canham-Clyne • June 17, 2024 -
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28% of big companies have no formal CFO succession plan, finance chiefs say
The dearth of succession plans for departing finance chiefs comes as CFO turnover at public companies has soared this year.
By Maura Webber Sadovi • June 14, 2024 -
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In-house counsel compensation rose 4%, in line with inflation
Median compensation for in-house counsel rose modestly this year as the incidence of signing bonuses declined.
By Justin Bachman • June 14, 2024 -
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In interim CFO pick, Tyson draws on established finance creds
The beleaguered chicken processor is leaning on a company veteran with nearly two decades of finance experience as interim CFO following John R. Tyson’s suspension.
By Grace Noto • June 14, 2024 -
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Microsoft president promises significant culture changes geared towards security
Brad Smith detailed plans to tie compensation to security, as lawmakers raised new questions about the company’s commitment to transparency.
By David Jones • June 14, 2024 -
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40% of executives brace for ‘major’ reorganization, including layoffs: PwC
Companies are reorganizing to fight margin pressure and planning moves that might require wide-ranging operating model changes, executives said.
By Suman Bhattacharyya • June 12, 2024 -
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Fed trims 2024 rate forecast to one cut, holds borrowing costs steady
The Fed decision followed a report that inflation last month rose less than economists predicted and at the slowest pace since 2021.
By Jim Tyson • June 12, 2024 -
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Wells, PNC CFOs see office spaces leading CRE stress
“Older office buildings that are not renovated in certain areas of different cities are the places that you’re seeing the most stress,” Wells Fargo CFO Mike Santomassimo said Tuesday.
By Caitlin Mullen • June 12, 2024 -
Courtesy of JLL
Office fit-out cost growth downshifts to 2.7%: JLL
While U.S. and Canadian workers are typically in the office just 3.1 days a week, employers are still spending more when building new space.
By Maura Webber Sadovi • June 11, 2024 -
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Small business uncertainty rises as Fed mulls ‘higher-for-longer’ rates
Fed officials in a meeting Wednesday will likely downgrade from three to two their median projection for the number of quarter-point cuts in the federal funds rate this year, according to futures traders and economists.
By Jim Tyson • June 11, 2024 -
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IBM’s Apptio unit tests AI tool trained to tackle rising IT costs
The effort comes as many finance leaders are grappling with out-of-control cloud expenses.
By Alexei Alexis • June 11, 2024 -
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Few companies report solid EBIT gains from rush into GenAI: McKinsey
Seven out of 10 companies that use generative AI most effectively said they faced challenges in governing and integrating data, McKinsey said.
By Jim Tyson • June 10, 2024 -
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Sponsored by WilliamsMarstonNavigating the IPO journey: Key preparation considerations for CFOs
Market shifts call CFOs for an IPO preparation session.
June 10, 2024 -
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Quiet vacationing: What’s this summer work trend?
The workers who are afraid of taking PTO have come up with a complicated solution to their anxieties.
By Caroline Colvin • June 7, 2024 -
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Heed Corporate Transparency Act despite legal cloud, experts say
Passed in 2021, the law was designed to prevent bad actors from using legal entities to shield money laundering and other illicit activity.
By Chris Gaetano • June 7, 2024 -
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How big retailers are battling the last-mile delivery squeeze
Walmart, Target and Kroger executives pointed to price and technology improvements that they are using to offset cost pressures.
By Suman Bhattacharyya • June 7, 2024 -
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Cyberattacks pose mounting risks to creditworthiness: Moody’s
“As more data becomes available — thanks to recently adopted disclosure requirements — attacks continue to proliferate,” a Moody’s executive said.
By Jim Tyson • June 5, 2024 -
Courtesy of Consortium of Cybersecurity Clinics
Few CFOs control cybersecurity budgets. Here’s why more should.
Tech executives, not CFOs, most often call the shots on cybersecurity spending at middle market companies, according to a recent RSM US survey.
By Maura Webber Sadovi • June 4, 2024 -
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Forecasts for Fed rate cuts probably too optimistic, Summers says
“I don’t think we’re on a convincing trajectory to the 2% inflation target” set by the Federal Reserve, Former Treasury Secretary Larry Summers said.
By Jim Tyson • June 4, 2024
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