‘Overhyped’ AI may trigger setbacks in stock market: Fed official

Roughly eight out of 10 CFOs plan to boost spending on generative AI and other technologies this year, Gartner found in a survey.

By Jim Tyson • Feb. 18, 2025

Inflation will fall to 2% by mid-2026 barring Trump tariff harm: study

As price pressures gradually ease, the U.S. economy will likely expand 2.3% this year and 1.8% next year, according to the Conference Board.

By Jim Tyson • Feb. 13, 2025

Inflation heats up to 3% as Trump calls on Fed to cut main rate

The unexpected rise in price pressures prompted futures traders to increase the odds that the Federal Reserve will hold the benchmark rate at its current range beyond May.

By Jim Tyson • Feb. 12, 2025

Super Micro says DOJ, SEC subpoenaed documents

The AI server maker’s accounting has drawn scrutiny in the wake of a highly critical report on the company from the now-defunct short-seller Hindenburg Research.

By Maura Webber Sadovi • Feb. 12, 2025

Powell says Fed need not hurry to cut main rate, GDP growth ‘solid’

Monetary policy is “well positioned” to handle any rebound in price pressures or weakening in the labor market, Fed Chair Jerome Powell said.

By Jim Tyson • Feb. 11, 2025

Trump tags steel, aluminum imports with 25% tariffs

The new duties build on actions from the president's first term while axing exemptions and product exclusions.

By Philip Neuffer • Updated Feb. 11, 2025

Trump tariffs to stoke inflation in 2025: corporate economists

The gain in the Federal Reserve’s preferred inflation measure will probably average nearly 2.7% during the four quarters starting in April, according to economists surveyed by Wolters Kluwer.

By Jim Tyson • Updated Feb. 11, 2025

Global tax deal awaits US ask, KPMG exec says

KPMG’s global tax leader Grant Wardell-Johnson views President Trump’s decision to exit the global tax deal as a broad opening salvo that could lead to negotiations.

By Maura Webber Sadovi • Feb. 10, 2025

Jobless rate falls, bolstering bets Fed will next cut main rate in June

Employment gains for November and December were revised up in total by 100,000, the Labor Department said.

By Jim Tyson • Feb. 7, 2025

Service sector expands in the face of trade war risk: ISM

Service sector executives voiced concern that tariffs will push up prices and cause shortages of goods, ISM said.

By Jim Tyson • Feb. 5, 2025

Costco’s ‘voice’: The long goodbye

Richard Galanti retired from the warehouse club on Jan. 30, after pivoting to an advisory role following his departure from the CFO seat he held for roughly four decades.

By Maura Webber Sadovi • Feb. 5, 2025

ADM to slash up to 700 roles as work to fix reporting problems continues

The agricultural company’s CFO Monish Patolawala said the company is making progress on its effort to “lift” the material weakness related to its financial reporting. 

By Maura Webber Sadovi • Feb. 4, 2025

Companies reduce philanthropy aimed at boosting racial, gender equality

Change in “corporate citizenship” initiatives coincide with a federal backlash against efforts to promote sustainability in the private and public sectors.

By Jim Tyson • Feb. 4, 2025

China responds to Trump with added tariffs on certain products

The new duties are set to take effect Feb. 10 and cover some car, equipment and energy imports.

By Max Garland • Feb. 4, 2025

US manufacturing grows despite risk of tariff-triggered trade war

Confidence among manufacturers last month rose to the highest level in nearly three years.

By Jim Tyson • Feb. 3, 2025

Trump tariff fallout: The first 3 days

President Donald Trump’s long-anticipated tariffs against Canada, Mexico, and China set off a fast-paced chain of events after landing on Saturday.

By Maura Webber Sadovi • Updated Feb. 3, 2025

Inflation meets Fed expectations, affirming hold on main interest rate

“I would like to see progress in lowering inflation resume before we make further adjustments” to the main interest rate, Federal Reserve Governor Michelle Bowman said.

By Jim Tyson • Jan. 31, 2025

ADM picks outsider for CAO amid accounting woes

Carrie Nichols will report to CFO Monish Patolawala, who took the finance reins last year after the company disclosed SEC and DOJ investigations into its accounting practices.

By Maura Webber Sadovi • Jan. 29, 2025

Fed holds main rate steady as Trump tariff threat poses inflation risk

Central bank policymakers, in a unanimous decision, paused monetary easing while noting that inflation remains above their 2% target.

By Jim Tyson • Updated Jan. 29, 2025

Wage growth indicator falls to lowest level since April 2021: NABE

Business economists identified lack of clarity over the implementation of Trump administration policies as the top short-term risk to the outlook.

By Jim Tyson • Jan. 27, 2025

5 CFO tips for tariff scenario planning

Pulling forward purchases from Mexico and Canada is one of the ways that finance leaders can mitigate the impact of tariffs that are expected to be imposed next month, KPMG’s Andrew Siciliano said.

By Maura Webber Sadovi • Jan. 27, 2025

Trump tariffs would shrink economic output by 0.4%: Tax Foundation

President Trump is using the threat of tariffs to goad foreign businesses into investing in the U.S.

By Jim Tyson • Jan. 24, 2025

Trump crypto executive order bars agencies from establishing CBDCs

While barring CBDCs, the order leaves space for the establishment of privately-issued “stablecoins” and creates a presidential crypto working group.

By Grace Noto • Jan. 24, 2025

Republican bill seeks to ‘reinforce’ Trump’s global tax strategy

On Monday President Donald Trump ordered the U.S. out of a global tax deal that included a global minimum tax rate of 15% aimed in part at discouraging tax havens.

By Maura Webber Sadovi • Jan. 23, 2025

CFOs project 7.3% jump in wages, salaries, Deloitte survey finds

The bullish pay projections come as finance chiefs’ confidence in economic and business conditions soared to a 10-quarter high.

By Maura Webber Sadovi • Jan. 22, 2025