Treasury


  • Lordstown Motors CEO Steve Burns standing next to the company's Endurance pickup.
    Image attribution tooltip
    Courtesy of Lordstown Motors
    Image attribution tooltip

    SEC charges Lordstown Motors with misleading investors on sales outlook

    Lordstown’s auditor and adviser also faces SEC sanctions for allegedly violating independence standards.

    By March 1, 2024
  • Uncut sheet of U.S. $100 bills
    Image attribution tooltip
    eranicle/iStock via Getty Images
    Image attribution tooltip

    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
  • Help wanted sign in front of store front. Explore the Trendline
    Image attribution tooltip
    lorozco3D via Getty Images
    Image attribution tooltip
    Trendline

    Workforce wages: solving the cost-talent puzzle

    In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.

    By CFO Dive staff
  • Federal Reserve Governor Christopher Waller sits on a chair on stage.
    Image attribution tooltip
    Lynne Marek/CFO Dive
    Image attribution tooltip
    Column

    Fed official makes a case for the dollar’s hegemony

    Can the dollar’s reign as the world’s reserve currency persist? This Fed official makes a strong case, but digital doubts may remain.

    By Lynne Marek • Feb. 28, 2024
  • A stock image of a consumer examining a receipt.
    Image attribution tooltip
    Patpitchaya via Getty Images
    Image attribution tooltip

    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
  • A silhouetted shot shows construction workers laboring in hot conditions.
    Image attribution tooltip
    SonerCdem/iStock/Getty Images Plus via Getty Images
    Image attribution tooltip

    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
  • Business executive breaks pencil after error.
    Image attribution tooltip
    Ablestock via Getty Images
    Image attribution tooltip

    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
    Image attribution tooltip
    Getty graphics via Getty Images
    Image attribution tooltip

    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
  • The Wall Street sign in the Financial District of Lower Manhattan in New York City.
    Image attribution tooltip
    hapabapa via Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    Alex Wong via Getty Images
    Image attribution tooltip

    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
  • An employee gets into his car after arriving to work to a shuttered Silicon Valley Bank (SVB) headquarters in Santa Clara, California.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    IRS sues FDIC to get $1.45B in SVB back taxes

    The amount covers corporate income and employment taxes due between 2020 and 2023, but is an estimate because a review of the tax returns is ongoing, the IRS said. The FDIC has denied SVB’s entire tax claim.

    By Dan Ennis • Feb. 14, 2024
  • Header image for "Whipping Inflation May Require Chancing a Recession"
    Image attribution tooltip
    Getty Images via Getty Images
    Image attribution tooltip

    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
  • white collar crime
    Image attribution tooltip
    FangXiaNuo via Getty Images
    Image attribution tooltip

    Auditors should follow tougher standards for identifying fraud: IAASB

    A proposal for stricter rules by the global standard setter for corporate audits follows what it says is a rash in fraud cases in recent years.

    By Feb. 12, 2024
  • Businessman looking at city through office window
    Image attribution tooltip
    baona via Getty Images
    Image attribution tooltip

    CEO optimism hits two-year high as inflation cools: Conference Board

    More than one out of three top executives believe the economic outlook will brighten during the next six months, according to a Conference Board and Business Council survey.

    By Feb. 9, 2024
  • Artificial Intelligence concept brain with CPU
    Image attribution tooltip
    MF3d via Getty Images
    Image attribution tooltip

    Yellen backs legislation to avert AI threat to financial stability

    Testimony by the Treasury Secretary follows a pledge by the Biden administration to seize on the benefits of artificial intelligence while containing its risks.

    By Feb. 8, 2024
  • A sign that says "Internal Revenue Service Building" is seen in front of the agency's building.
    Image attribution tooltip
    Zach Gibson via Getty Images
    Image attribution tooltip

    IRS to collect $561B more in tax revenue with new enforcement funds

    The Treasury highlighted the payoff from stepped up funding for IRS enforcement as Republicans seek to cut the agency budget.

    By Feb. 7, 2024
  • Treasury Secreatry Janet Yellen peers behind her glasses on Capitol Hill.
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    Yellen says commercial real estate losses may leave banks ‘quite stressed’

    Bank regulators aim to avert turmoil caused by a slump in the value of commercial real estate, Treasury Secretary Janet Yellen said in testimony to a House committee.

    By Feb. 6, 2024
  • Federal Reserve Chair Jerome Powell.
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Fed pivots to considering when to cut main interest rate: Powell

    Inflation will likely cool during the first six months of 2024, Federal Reserve Chair Jerome Powell said, adding that the central bank is unlikely to reduce borrowing costs in March.

    By Feb. 5, 2024
  • Heavy machinery and workers working on the construction of a new viaduct along the north of downtown Miami, where new luxury housing complexes are being developed.
    Image attribution tooltip
    CHUYN via Getty Images
    Image attribution tooltip

    US economy will likely cool as ‘real’ interest rates rise: ACCA

    As the economy avoided a downturn last year, confidence among CFOs rebounded close to the long-term average, the ACCA said.

    By Feb. 2, 2024
  • Header image for "72% of Business Leaders Believe AI Will Improve Employee Productivity"
    Image attribution tooltip
    Getty Images via Getty Images
    Image attribution tooltip

    Productivity rebound buoys profits, blunts inflation, validates streamlining

    A leap in productivity may reflect a post-pandemic readjustment rather than a lasting trend in higher efficiency, Federal Reserve Chair Jerome Powell said.

    By Feb. 1, 2024
  • Jerome Powell
    Image attribution tooltip
    Win McNamee via Getty Images
    Image attribution tooltip

    Fed holds main rate steady, wants ‘greater confidence’ inflation falling

    The central bank dropped a prior reference to “additional policy firming” but gave no support to market expectations that it will soon reduce interest rates. 

    By Jan. 31, 2024
  • Federal Reserve building at night
    Image attribution tooltip
    Alex Wong via Getty Images
    Image attribution tooltip

    Consumer confidence, job openings rise as Fed favors holding rates high

    The Federal Reserve on Wednesday will probably keep the main interest rate as the highest level since early 2001 as the economy shows signs of unexpected strength.

    By Jan. 30, 2024
  • Image attribution tooltip
    David McNew via Getty Images
    Image attribution tooltip

    76% of companies link pay to ESG performance in rising trend: WTW

    The biggest companies are weaving ESG into pay incentives despite a backlash against the use of sustainability as a metric for corporate performance.

    By Jan. 24, 2024
  • SAG President Fran Drescher
    Image attribution tooltip
    Frazer Harrison via Getty Images
    Image attribution tooltip

    Future of labor’s ‘Great Reset’ is murky

    While 2023 saw SAG-AFTRA and other big labor actions, CFOs still hold some strong cards as inflation and automation raise workers’ job security concerns.

    By Chris Gaetano • Jan. 23, 2024
  • The interior of a busy shopping mall.
    Image attribution tooltip
    benimage via Getty Images
    Image attribution tooltip

    Recession odds fall below 50% amid rising sales, profits: NABE survey

    The mix of slowing inflation and cooling demand has prompted many economists to abandon forecasts for a decline in gross domestic product in 2024.

    By Jan. 22, 2024
  • An empty, dark board room is pictured, with chairs surrounding a table.
    Image attribution tooltip
    hxdbzxy via Getty Images
    Image attribution tooltip

    Audit committees in 2024 face rising tax, AI, regulatory challenges: EY

    A barrage of business risks may intensify this year, and audit committees need to help C-suite executives limit potential losses and seize opportunities, EY said.

    By Jan. 18, 2024