‘Cash is king’ carries new weight in high-rate, SVB era

The higher cost of capital has executives doubling down on cash by incentivizing customers to pay sooner and holding inventory reins tighter, according to panelists at the MIT Sloan CFO Summit.

By Maura Webber Sadovi • Nov. 15, 2023

Inflation slows, spurring bets Fed will start cutting rates in May

Price pressures declined last month in all major categories except for food, the Labor Department reported.

By Jim Tyson • Nov. 14, 2023

Fed whipsawed on key signals for inflation expectations

With just a month before their next meeting, Fed officials are tracking expectations for inflation as a sign of whether businesses will raise prices and workers will demand higher pay.

By Jim Tyson • Nov. 13, 2023

Powell says Fed’s inflation fight ‘has a long way to go’

The Fed needs to see more signs of easing price pressures before declaring an end to monetary tightening, central bank officials said.

By Jim Tyson • Nov. 9, 2023

IRS ERC freeze rattles some business filers. There’s a bright side.

IRS Commissioner Danny Werfel ordered the moratorium on ERC claim processing following concerns about filers being scammed by aggressive claim promoters.

By Maura Webber Sadovi • Nov. 7, 2023

SEC commissioner suggests ‘re-proposing’ climate risk disclosure rule

Some investors seek broader company disclosures with the aim of promoting social change rather than clarifying stock valuations, SEC Commissioner Mark Uyeda said.

By Jim Tyson • Nov. 7, 2023

Banks tighten standards on loans to companies of all sizes: Fed

Demand for commercial and industrial loans fell during the third quarter as the Fed pushed up the benchmark interest rate to a 22-year high.

By Jim Tyson • Nov. 6, 2023

Get access to additional deposit insurance while doing good

Unlock the power of a single banking relationship for better treasury management and financial security.

Nov. 6, 2023

NJ ranks worst in business taxes with NY close behind

The Garden State may rise from dead last in corporate tax rankings if a 2.5% business tax surcharge expires at the end of this year as scheduled, the Tax Foundation said.

By Jim Tyson • Nov. 2, 2023

FASB to set new accounting rules for government grants

The new project is the latest addition to the FASB’s agenda, which has been packed with high-profile initiatives.

By Maura Webber Sadovi • Nov. 2, 2023

Fed holds main rate steady, flags option of future hike

The central bank kept the federal funds rate unchanged despite higher-than-forecast strength in hiring and economic growth.

By Jim Tyson • Nov. 1, 2023

Small businesses imperiled by credit crunch: Goldman

Federal Reserve officials begin meeting Tuesday to assess several crosscurrents in the economy as companies adjust to the highest borrowing costs in 22 years.

By Jim Tyson • Oct. 30, 2023

Gensler says single platform of AI data may trigger financial turmoil

While recognizing the transformative power of AI, Gensler said the technology will likely prompt “herding” in financial markets, creating instability.

By Jim Tyson • Oct. 25, 2023

Risks to earnings put CFOs on defensive: AFP

Rising borrowing costs are straining balance sheets and complicating efforts by CFOs to refinance debt.

By Jim Tyson • Oct. 24, 2023

Fed warns of stability risk from $24T commercial real estate market

Prices for commercial properties slumped 3.9% from the second quarter of last year to Q2 2023, well below the 3.3% average annual growth beginning in 1997.

By Jim Tyson • Oct. 23, 2023

Crypto legislation would put US ‘back in the game,’ stakeholders say

A pair of House bills would help the industry gain clarity, scale digital asset products and promote financial inclusion, cryptocurrency stakeholders said Sunday on a panel at Money20/20.

By Anna Hrushka • Oct. 23, 2023

Same-day payments keep climbing: Nacha

Businesses are increasingly turning to same-day ACH payments this year, according to Nacha, a national clearinghouse that manages electronic money movement.

By Tatiana Walk-Morris • Oct. 23, 2023

CFOs should proceed cautiously as SBA loan access eases, experts say

The Small Business Administration's new loan rules are expanding credit access to more companies but experts warn that it could lead some borrowers to take on too much debt.

By Chris Gaetano • Oct. 20, 2023

Powell signals Fed likely to forgo rate hike on Nov. 1

After rapidly hiking rates to a 22-year high, policymakers aim to finely tune monetary policy and curb inflation to 2% without triggering a downturn. 

By Jim Tyson • Oct. 19, 2023

IRS extends tax relief to firms affected by attacks in Israel

The filing extensions come as U.S. Treasury Secretary Janet Yellen said it was too early to speculate on the economic consequences of the Israeli-Palestinian conflict.

By Maura Webber Sadovi • Oct. 17, 2023

Procurement must adapt to era of ‘sudden upheavals’: McKinsey

Even as supply chain disruptions wane, companies should adjust procurement to a period of volatile prices and global strife, McKinsey said.

By Jim Tyson • Oct. 16, 2023

Inflation persists above 2%, defying Fed

Core inflation sped up during the past two months, underscoring the central bank’s challenge of restoring price stability.

By Jim Tyson • Oct. 12, 2023

CFOs, treasurers earn top corporate accounting salaries: Robert Half

The median corporate CFO salary is $265K while treasurers at the 50th percentile in compensation earn $210K, a study finds.     

By Maura Webber Sadovi • Oct. 12, 2023

Inflation, worker scarcity slam small business confidence: NFIB

Optimism among small businesses has flagged even as economic growth this year has exceeded expectations.

By Jim Tyson • Oct. 11, 2023

Fed’s Waller pushes back on criticism of FedNow’s adoption rate

“We have got more in the pipeline and there are various estimates that could range from 250 to 350 by the end of the year, and they just continue to grow as banks do it,” the central bank governor said.

By Rajashree Chakravarty • Oct. 11, 2023