Treasury

Hedge fund sells holding in SPAC backing Trump as shares soar

Saba Capital divests of Digital World, a SPAC funding a Trump online venture, as retail investors rush to buy shares.

By Jim Tyson • Oct. 22, 2021

11 CFO tips for riding the rising tide in ESG activism

CFOs eager to steer clear of shareholder activists should publicly embrace sustainability despite flaws in the measurement of best practices.

By Jim Tyson • Oct. 20, 2021

Explore the Trendline➔

Cash flow forecasting in a rapid-change era

CFOs face one certainty as they try to predict their organization's cash position: historical data will carry less weight. 

By CFO Dive staff

Fed-backed panel of companies urges quicker pace to LIBOR phaseout

A group of financial services companies echoed recent regulatory warnings about market instability and called for more robust efforts to wind down LIBOR before a Dec. 31 deadline.

By Jim Tyson • Oct. 14, 2021

Half of CFOs plan to assess digital currencies for business: Gartner

“Sentiment towards digital currencies appears to be improving among finance leaders,” a Gartner researcher said.

By Jim Tyson • Oct. 12, 2021

15% minimum global corporate tax faces obstacles: Tax Foundation

The Treasury pushed hard to gain approval from other countries for a 15% minimum global corporate tax, yet passage by Congress is far from guaranteed.

By Jim Tyson • Oct. 11, 2021

Companies expect surge in health care costs in 2022

Employees will probably step up their use of medical services after postponing routine care during the worst of the pandemic, says Willis Towers Watson. 

By Jim Tyson • Oct. 06, 2021

End of LIBOR moving too slowly: Fed's Quarles

"The reign of LIBOR will end imminently, and it will not come back," says Fed Vice Chair Randal Quarles.

By Jim Tyson • Oct. 05, 2021

U.S. 'AAA' rating may face pressure from debt limit brinkmanship: Fitch

The partisan impasse over raising the debt ceiling showed no signs of easing on Monday as Fitch Ratings warned of pressure on the U.S. credit rating.

By Jim Tyson • Oct. 04, 2021

IPOs, mergers surge as dealmakers ride post-lockdown rebound

Executives considering IPOs should act without delay and take advantage of favorable and vulnerable market conditions, EY said.

By Jim Tyson • Sept. 30, 2021

Labor shortages may prolong inflation

The Federal Reserve may underestimate the impact of widespread labor shortages on inflation, central bankers say.

By Jim Tyson • Sept. 29, 2021

Yellen warns of 'enormous' harm from U.S. debt default

Treasury Secretary Janet Yellen told Congress the U.S. will be unable to pay its bills on Oct. 18 unless lawmakers increase the federal debt limit.

By Jim Tyson • Sept. 28, 2021

Business forecasters see inflation heating up to 5.1%

Rapid price gains will persist through 2021 but slow next year in line with Federal Reserve projections, according to a panel of economists.

By Jim Tyson • Sept. 27, 2021

Secure credit relationship before easy money goes away

If inflation persists, companies with limited financing options could find doors closed if they put off lender outreach, loan specialist says. 

By Robert Freedman • Sept. 27, 2021

Corporate borrowing costs would soar in U.S. debt default: Moody's

Partisan wrangling over the debt ceiling in coming days will probably slow investment, hiring and lending, according to Moody’s Analytics.

By Jim Tyson • Sept. 22, 2021

Gensler warns no extension coming to LIBOR's end on Dec. 31

Some institutions will wait until the last minute to switch from LIBOR to a new reference rate, SEC Chair Gary Gensler predicted, leading to some “choppy” trading toward the end of 2021.

By Jim Tyson • Sept. 21, 2021

Inflation worries loom large during company earnings calls

CFOs face persistent challenges from inflation as Federal Reserve policy-makers meet to discuss the future for record stimulus.

By Jim Tyson • Sept. 20, 2021

Corporate credit rebounds from record slump: Fitch

Conservative financial decisions, along with record monetary and fiscal stimulus, have brightened many companies' credit outlook, the rating agency said.

By Jim Tyson • Sept. 17, 2021

Gensler backs tougher disclosure rules for SPACs

The SEC chair is concerned that investors are bearing the cost of dilution built into the SPAC structure, and in effect subsidizing the companies they bring public.

By Jim Tyson • Sept. 09, 2021

Biden plan to close 'tax gap' overstates payoff: CBO estimate

CBO analysis suggests the Biden administration may be exaggerating the gains from its plan to boost the IRS budget to thwart corporate and individual tax cheats.

By Jim Tyson • Sept. 07, 2021

SPAC IPOs plunged 87% during Q2 amid tougher SEC scrutiny

The SPAC market falters as regulators raise concerns about spotty disclosures and weak investor protections. New litigation has also raised questions. 

By Jim Tyson • Sept. 02, 2021

SEC panel weighs stricter SPAC disclosures, citing conflicts of interest

An SEC advisory committee says SPACs benefit sponsors and target companies while putting investors at risk.

By Jim Tyson • Aug. 27, 2021

Business economists, citing inflation, say Fed policy is too stimulative: NABE

Despite Fed assurances, inflation persists as a core concern of business economists, and most NABE survey respondents favor tighter monetary policy by the end of next year.

By Jim Tyson • Aug. 24, 2021

SOFR gains but still has far to go as LIBOR replacement: analysts

The availability of a forward-looking term rate for the Fed’s preferred LIBOR replacement will boost acceptance, but the LIBOR phase-out still has far to go.

By Jim Tyson • Aug. 18, 2021

Crypto challenges shine light on CFOs' fiat currency management

Finance leaders have reason to avoid the volatility of alt coins but their lack of visibility into currency exposure could be leaving them vulnerable to a similar risk with some fiat currencies.

By Bob Stark • Aug. 18, 2021

Fintechs handled higher rate of suspicious PPP loans: study

Fintech and traditional lenders both started the program with suspicious loan rates of around 10%, but fintechs' suspicious loan rates grew to 40% when PPP ended, University of Texas, Austin, researchers found.

By Anna Hrushka • Aug. 17, 2021