Strategy & Operations: Page 34

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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
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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
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    Trendline

    CFO 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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    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
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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
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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
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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
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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
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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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    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
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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
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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
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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
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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
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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
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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
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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
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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
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    ‘Maverick’ SaaS spending by workers can waste millions: Vertice

    A company with more than 2,000 employees wasted, on average, as much as $4.3 million on underutilized SaaS licenses in 2023.

    By • Feb. 20, 2024
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    Honeywell exec upbeat on warehouse automation trends

    Rising e-commerce shipments and ongoing labor shortages are among macrotrends that are favorable to the market.

    By • Feb. 20, 2024
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    Investors rank securing talent as top corporate priority in 2024: EY

    Corporate directors and investors differ when identifying the biggest issues this year, with directors focusing more on the economy and capital allocation, EY said. 

    By • Feb. 16, 2024
  • IRS Commissioner Daniel Werfel.
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    Werfel defends IRS against Republican efforts to slash funding

    Before the approval of $80 billion in extra funding in 2022, the Internal Revenue Services fielded just one examiner for every 150 of the largest tax filers, IRS Commissioner Daniel Werfel said.

    By • Feb. 15, 2024
  • A person with glasses looking at the corner of an opening inside a Boeing 737 Max 9 aircraft.
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    Courtesy of the National Transportation Safety Board.

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    Boeing CFO expects 2H24 production resurgence, cites ‘uncertain moment’

    The aerospace company is grappling with the implications of last month’s midair door plug blowout that shocked travelers and sparked an FAA audit.

    By • Feb. 15, 2024
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    Want a remote accounting or finance gig? It could be your lucky year.

    The accounting and finance job category rose to take second place in FlexJobs’ 2024 ranking of the strongest fields for work-from-home roles.

    By • Feb. 14, 2024
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    Inflation edges up, pushing back forecast of first Fed rate cut

    Futures traders now see a 52% probability that policymakers in June will cut the federal funds rate from its current peak level between 5.25% and 5.5%.

    By • Feb. 13, 2024
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    AI dominates CFOs’ 2024 budget hike plans

    The vast majority (90%) of finance leaders are projecting higher AI budgets in the coming year, with none planning a reduction, Gartner found.

    By • Feb. 13, 2024