M&A rebound unlikely in 2023 after 35% slump: S&P Global

Higher borrowing costs this year have choked off deal-making, a trend that will probably persist in 2023.

By Jim Tyson • Nov. 9, 2022

Fed flags risks from liquidity strains, Russia’s invasion, inflation

Hidden leverage or declining market liquidity may amplify harm from a financial shock, Fed Vice Chair Lael Brainard said.

By Jim Tyson • Nov. 7, 2022

Stock buybacks rise toward record $1T: Goldman Sachs

Companies are repurchasing shares at a fast pace before the federal government next year levies a 1% excise tax on such transactions.

By Jim Tyson • Nov. 4, 2022

Fed intensifies inflation fight, may slow tightening next month

The Federal Reserve may raise borrowing costs in smaller increments but a pause in its efforts to reduce price pressures is not in the cards, Fed Chair Jerome Powell said.

By Jim Tyson • Nov. 2, 2022

Default rate likely to triple by Sept. 2023: Moody’s

Higher borrowing costs and a slowdown in the economy may trigger a rise in credit downgrades and outright defaults in the next 12 months.

By Jim Tyson • Oct. 31, 2022

Rising wages, inflation keep Fed on track for Nov. 2 tightening

CFOs may not realistically expect wage pressures to ease as long as pay increases lag inflation and job openings exceed the number of job seekers.

By Jim Tyson • Oct. 28, 2022

Ukraine raises fresh fraud concerns, Stripe exec says

The war in Ukraine raised the stakes for fraud detection, as threat actors devise more complex ways of evading oversight.

By Suman Bhattacharyya • Oct. 26, 2022

Low-tax laurels go to Wyoming, NJ dead last

Companies are more likely to move to another state with lower taxes than to an appealing foreign location, the Tax Foundation said.

By Jim Tyson • Oct. 26, 2022

More companies lag Q3 earnings estimates: FactSet

Inflation, surging interest rates, cautious consumers and a rising dollar have eroded profits at many big companies.

By Jim Tyson • Oct. 24, 2022

More than half of economists brace for recession: NABE

Rising wages and other cost pressures have dimmed economists’ outlook.

By Grace Noto • Oct. 24, 2022

Companies brace for downturn amid high inflation: Fed

Persistent cost pressures and supply chain bottlenecks are intensifying recession fears at U.S. companies, the Federal Reserve said.

By Grace Noto • Oct. 20, 2022

Recession to start in Q2 2023, Fitch says

Warnings of a possible downturn are increasing amid a steady withdrawal of monetary stimulus, a slump in the housing market and a weakening in retail spending.

By Jim Tyson • Oct. 19, 2022

Businesses seek 15% minimum tax guidance for financials

Absent IRS direction, certain companies may struggle to accurately report the new tax’s financial impact in their future financial reports.

By Maura Webber Sadovi • Oct. 18, 2022

7 CFO tips to prepare for SEC climate risk rule

CFOs should not delay putting in place the staff, technology and processes needed to comply with an imminent SEC rule requiring detailed disclosure on climate risk.

By Jim Tyson • Oct. 18, 2022

ESG backlash unlikely to derail SEC climate risk rule

SEC Chair Gary Gensler faces growing resistance to the agency’s proposal that companies provide detailed disclosures on carbon emissions.

By Jim Tyson • Oct. 17, 2022

Superfund taxes stress chemical importers, suppliers

Many companies are still struggling to understand whether the reinstated Superfund excise taxes apply to their operations and what it all means for tax bills. 

By Dawn Wotapka • Oct. 14, 2022

BlackRock reports profit pullback, affirms ESG commitment

BlackRock’s ESG policies, which have put it in the middle of a tug-of-war in U.S. politics, are providing investors with a range of options, the asset manager said.

By Grace Noto • Oct. 13, 2022

FASB votes for fair-value crypto fix

The FASB’s tentative decision Wednesday is an important step toward providing an answer to the crypto valuation question companies and other stakeholders have been clamoring for.

By Maura Webber Sadovi • Oct. 13, 2022

Recession to start this quarter: Fannie Mae

Rising interest rates are undercutting economic growth and increasing the risk of a financial crisis in coming quarters, according to Fannie Mae economists.

By Jim Tyson • Oct. 12, 2022

Think before ditching retiree healthcare benefits

The cost of traditional retiree healthcare coverage is about $1,000 monthly for those not yet eligible for Medicare, according to Trevis Parson, chief actuary at WTW.

By Maura Webber Sadovi • Oct. 11, 2022

SPAC backing Trump media delays merger vote

Digital World seeks time to gain formal SEC approval for its tie-up with Trump’s media company as the agency investigates potential illegal behavior in their merger negotiations.

By Jim Tyson • Oct. 11, 2022

Strong dollar slams companies’ Q3 earnings

Rising interest rates in the U.S. and market volatility may sustain demand for the dollar, which has soared 18% against a basket of currencies in 2022.

By Jim Tyson • Oct. 10, 2022

EY in ‘dialogue’ with IRS on split-off divestitures

As financial report preparers are beginning to grapple with the ramifications of the new 15% corporate minimum tax, the split-off issue is emerging as a flashpoint.

By Maura Webber Sadovi • Oct. 7, 2022

FSOC crafts committee for climate-related financial risks

The FSOC said its new committee will focus on gathering information and analyzing climate-related financial risks.

By Grace Noto • Oct. 4, 2022

US IPOs plunge 74% year to date: EY

A recovery in IPOs hinges on renewed equity market stability as well as offerings that are reasonably valued and based on “scalable” infrastructure, EY’s Rachel Gerring said.

By Jim Tyson • Sept. 30, 2022