UPS-Teamsters deal: 8 highlights in tentative contract

Here’s a deeper look at the planned changes shippers and businesses that rely on UPS can expect, including less reliance on the U.S. Postal Service and a bargaining process for drone use.

By Max Garland • Aug. 3, 2023

CFOs see brighter economic prospects: survey

Optimism in the economic outlook is far stronger in North America than in Europe and Asia, according to two accounting organizations.

By Jim Tyson • Aug. 2, 2023

Explore the Trendline➔

Digital transformation, one smart step at a time

As pricing pressures tighten margins and technologies like artificial intelligence evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.

By CFO Dive staff

Uber confirms long-time CFO’s exit

CFO Nelson Chai will depart from the ride-share company next year as Uber continues to focus on profitable growth. It reported its first-ever quarterly GAAP operating profit Tuesday.

By Maura Webber Sadovi • Aug. 2, 2023

CBRE sees office vacancy peaking at 19.7% next year

The office slump is giving budget-conscious tenants more clout as rents are softening — even in pricey markets like San Francisco and Boston.

By Maura Webber Sadovi • Aug. 1, 2023

Banks plan to tighten credit: Fed

Despite greater caution among banks, economic growth accelerated during the second quarter.

By Jim Tyson • Aug. 1, 2023

Trintech CFO taps ‘club’ loan for $230M Fiserv deal

“The M&A market has had a lull but for us this is the right time and we were able to find the right asset,” Trintech CFO Omar Choucair told CFO Dive. 

By Maura Webber Sadovi • July 31, 2023

It’s time for family-owned firms to put private equity on the table

Well-publicized cases of bad behavior have fueled certain biases against private equity. But family-owned businesses shouldn’t ignore the financial lifeline that PE can offer, Bob Goldsmith argues.

By Bob Goldsmith • July 31, 2023

Workers say surveillance makes them less productive — if they even know about it

While employers have sought surveillance to improve remote productivity, various studies and surveys indicate that such monitoring could be counterproductive.

By Kathryn Moody • July 31, 2023

Cybersecurity, IT top CFOs’ spending hike list

AI in particular has caught CFOs’ eyes as a potential game changer in a number of areas, including content creation and summarization, according to Grant Thornton.

By Alexei Alexis • July 28, 2023

Bed Bath & Beyond’s Etlin: Lessons for CFOs staring down bankruptcy

With the messy task of closing hundreds of Bed Bath & Beyond stores poised to be completed this month, the home-goods retailer’s Holly Etlin reflects on her role as a kind of “uber CFO.”

By Maura Webber Sadovi • July 27, 2023

Alphabet’s ‘longest-serving’ CFO Ruth Porat pivots to new role

One of Silicon Valley’s highest-profile CFOs, Ruth Porat is stepping down from the tech giant’s top finance position after eight years to become president and chief investment officer.

By Maura Webber Sadovi • July 25, 2023

How CFOs and businesses can get (or stay) ahead of rising rates

The Federal Reserve is widely expected to raise the benchmark rate again this week. Finance executives must adjust their strategies, PwC’s Wes Bricker asserts.

By Wes Bricker • July 25, 2023

Bath & Body Works picks CVS, Merck alum for CFO

Eva Boratto joins the Columbus, Ohio-based personal products maker — long a familiar storefront inside many retail properties — as it shifts away from malls.

By Maura Webber Sadovi • July 25, 2023

UPS, Teamsters reach tentative agreement on national contract

The tentative deal is a welcome development for the shippers and businesses that rely on UPS. The agreement still needs to be reviewed and voted on by union-represented employees.

By Max Garland • July 25, 2023

Warehouse automation expected to pick up after hitting ‘rock bottom’

E-commerce and warehouse construction activity are showing signs of recovery, which could lead to increased demand for automation tools, according to Interact Analysis.

By Alexei Alexis • July 25, 2023

Six ways FedNow may affect businesses’ cash flow

Touted as the biggest upgrade to the U.S. government’s payment system in 50 years, FedNow launched Thursday. CFOs need to get ready for it.

By Suman Bhattacharyya • July 24, 2023

Zaxby’s snaps up Dollar General, Yum Brands alum for CFO

Donny Lau was named finance chief of the Athens, Georgia-based chicken chain which aims to grow well beyond its Southern roots. It has locations in 17 states.

By Maura Webber Sadovi • July 24, 2023

Investigations are causing data breach costs to skyrocket, IBM finds

Organizations are under mounting pressure to conduct more thorough investigations as the complexity of data breaches grow.

By Matt Kapko • July 24, 2023

Companies cut costs as rates rose: S&P

U.S. companies with comparatively weak balance sheets trimmed costs less during the first quarter than their counterparts with investment grade ratings, S&P said.

By Jim Tyson • July 21, 2023

One CFO’s stealth IPO market tests

“Bake-offs” and confidential filings can clue executives in on their company’s prospects well ahead of going public, Clearwater Analytics CFO Jim Cox says.

By Maura Webber Sadovi • July 20, 2023

Recession storm clouds growing: Conference Board

A downturn will probably extend from the current quarter to the first quarter of next year, the Conference Board predicted.

By Jim Tyson • July 20, 2023

FedNow goes live for banks, credit unions

The Fed’s long-awaited instant payments system is arriving right on time this month, giving consumers and businesses a new route for speedier transactions.

By Lynne Marek • July 20, 2023

Fed’s final inflation fight ‘will be tough’: Fannie Mae

The likelihood of a “soft landing” for the economy, or a slowing of inflation without triggering recession, has increased recently, Fannie Mae said.

By Jim Tyson • July 19, 2023

SEC takes climate rule criticism ‘very seriously’: top official

GOP lawmakers on Tuesday accused an SEC division director of undermining capitalism by pushing for a climate risk disclosure rule.

By Jim Tyson • July 18, 2023

FedEx picks transportation industry veteran for CFO

Just under a month after announcing CFO Michael Lenz was retiring, FedEx appointed air cargo industry veteran John W. Dietrich as its new finance chief. 

By Maura Webber Sadovi • July 18, 2023