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Healthcare bankruptcies jump as crypto ‘calms down’

Labor costs and a fall-off in government aid are factors cited behind healthcare industry distress. Meanwhile, bankruptcy experts said a commercial real estate “bubble” looms.  

By Maura Webber Sadovi • July 14, 2023

Fed touts FedNow’s fraud tools

Cleveland Fed President Loretta Mester spelled out some of the tools that the new instant payments system will have for thwarting fraud during a speech this week.

By Lynne Marek • July 13, 2023

Shareholder activism surges in 2023: Freshfields

Republican lawmakers are pushing back against ESG activism, saying they are defending the interests of Main Street investors.

By Jim Tyson • July 13, 2023

Brainard calls for executive accountability on rate risks and price spirals

 “It will be important for corporations to continue to bring their markups back down after having raised them to unusually elevated levels over the past two years,” the former Fed vice chair said.

By Suman Bhattacharyya • July 12, 2023

Slowing inflation unlikely to avert Fed rate hike

Traders in interest rate futures see 95% odds that the central bank will increase the federal funds rate by a quarter percentage point on July 26.

By Jim Tyson • July 12, 2023

Economy struggling in ‘slowcession’: Moody’s

A sudden spike in oil prices poses the biggest threat to U.S. economic growth, Moody’s Analytics Chief Economist Mark Zandi said.

By Jim Tyson • July 11, 2023

Economic optimism grows as inflation worries ease: McKinsey

Business executives worldwide see growing risks from income inequality and shifts in political leadership, McKinsey said.

By Jim Tyson • July 10, 2023

US IPOs rise in H1 but lag 2021 boom: EY

Initial public offerings may recover during the second half of this year amid slowing inflation, falling commodity prices and renewed stability in the U.S. banking system, EY said.

By Jim Tyson • July 7, 2023

Paysend’s Biondo banks on $30M media-for-equity deal

The concept of trading ownership stakes for media time may appeal to more firms as marketing spending faces sharper scrutiny.

By Maura Webber Sadovi • July 7, 2023

M&A plunges 37% during first half of 2023: WTW

Buyers facing tight credit and high interest rates will subject potential acquisitions to intense scrutiny in coming months, WTW said.

By Jim Tyson • July 6, 2023

Trackable ads trump swag as budgets tighten

Marketing spending is facing higher scrutiny as CFOs push trackable advertising over broad brand campaigns.

By Suman Bhattacharyya • July 6, 2023

Some Fed officials favored hiking rates in June

In order to curb inflation, the central bank may need to maintain high borrowing costs longer than predicted by financial markets, Kansas City Fed economists said. 

By Jim Tyson • July 5, 2023

CFOs shouldn’t let high rates hold them back

A capital project that automates a business can yield a positive discounted investment return, Bill Fink asserts. When rates do come down, CFOs can refinance the debt.

By Bill Fink • July 5, 2023

Sustainability can boost bottom line: Brand Finance

Companies that fail to live up to consumers’ perceptions of their ESG performance put hundreds of millions in value at risk, according to Brand Finance.

By Jim Tyson • June 30, 2023

FASB tees up loan loss fix

The FASB is poised to tweak existing accounting standards which originally sought to address calls for timelier loss reporting after the 2008 financial crisis.

By Maura Webber Sadovi • June 29, 2023

CFOs trim growth estimates amid credit squeeze: Fed

The extent of credit tightening triggered by turmoil in the banking system in March is unclear, according to the Federal Reserve.

By Jim Tyson • June 29, 2023

‘More restriction coming’ from Fed rate hikes: Powell

The Federal Reserve will probably not succeed in tamping down inflation to its 2% goal until 2025, Fed Chair Jerome Powell said.

By Jim Tyson • June 28, 2023

ESG standard setter releases global reporting rules

The global effort to harmonize rules for corporate sustainability reporting will now focus on rallying adoption of its voluntary standards in dozens of jurisdictions worldwide.

By Jim Tyson • June 27, 2023

Fintech startup TreasurySpring raises $29M amid bank turmoil

The startup is among fintech companies looking to capitalize on the Silicon Valley Bank collapse and other recent bank failures.

By Alexei Alexis • June 26, 2023

‘Stalling’ economy will fall into recession in Q4: Fannie Mae

The Fed will likely trigger a downturn as it sustains high interest rates to cool the labor market and curb inflation, Fannie Mae said.

By Jim Tyson • June 26, 2023

Treasurers trim cash allocations to banks: AFP survey

This year big companies cut back their bank deposits and allocated more of their short-term cash to government security-backed funds.

By Chris Gaetano • June 23, 2023

COVID tax claims add to IRS backlog

While IRS return-processing backlogs persist, a report found evidence that the outlook is brightening when it comes to the responsiveness that CFOs and tax preparers can expect.

By Maura Webber Sadovi • June 23, 2023

B2B must embrace digital payments

“B2B organizations have been slow to adapt to the changing demands and expectations of Gen Z,” writes a payments company vice president. “This is a huge mistake, and it can cost them dearly in the long run.”

By Justin Main • June 23, 2023

Powell signals Fed likely to hike rates again this year

High inflation has persisted far longer than Fed policymakers and private sector analysts expected, Powell said in testimony to a House committee.

By Jim Tyson • June 21, 2023

Smallest businesses hold gloomier outlooks: Amex

The survey’s findings dovetail with a number of recent reports that are revealing flagging business and consumer confidence in a number of corners of the economy. 

By Maura Webber Sadovi • June 20, 2023