Treasury: Page 5
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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 -
Trendline
Workforce wages: solving the cost-talent puzzle
In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.
By CFO Dive staff -
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 -
Fed Vice Chair Jefferson flags tightening from rising bond yields
Financing costs may have risen in recent weeks as investors upgrade their expectations for economic growth or alter their view of underlying risks, Jefferson said.
By Jim Tyson • Oct. 9, 2023 -
Hiring soars, validating Fed’s ‘higher for longer’ path
The yield on the benchmark 10-year Treasury note surged after the September payrolls report on expectations of strong economic growth.
By Jim Tyson • Oct. 6, 2023 -
PCAOB chief slams auditors for 40% error rate
The federal overseer of audit firms last year doubled the number of enforcement orders compared with 2021 and imposed record penalties.
By Jim Tyson • Oct. 5, 2023 -
US IPOs rise 20% YTD yet lag 2021 pace
IPO investors worldwide have become especially selective as central banks push up interest rates, raising the cost of capital, EY said.
By Jim Tyson • Oct. 2, 2023 -
CFOs worry most about rate hikes: Fed survey
While vexed by high borrowing costs, top financial executives see revenues rising next year and the economic landscape brightening.
By Jim Tyson • Sept. 29, 2023 -
California Gov. Gavin Newsom signs $20 fast food minimum wage into law
The deal, AB 1228, establishes a council with limited power to set the pace of wage increases until 2029, in what the SEIU calls a “historic” turn for labor.
By Aneurin Canham-Clyne • Sept. 29, 2023 -
Gensler warns federal shutdown would freeze IPOs, SEC enforcement
Democratic lawmakers predicted a partial government closure would harm the competitiveness of U.S. capital markets.
By Jim Tyson • Sept. 27, 2023 -
GTT self-reported accounting inaccuracies, earning penalty-free settlement with SEC
The company kept investigators apprised of its efforts to resolve account discrepancies stemming from integration problems after it acquired several companies, the agency says.
By Robert Freedman • Sept. 26, 2023 -
Employers to slow gain in salary budgets to 3.9% in 2024
The increase in inflation-adjusted wages has steadily declined since June along with many measures of overall price pressures.
By Jim Tyson • Sept. 25, 2023 -
Deep Dive
Why EBITDA has such a strong hold on retail
Is it the 'Wild West' of measures or a fair predictor of long-term success? Either way, retailers won’t quit talking about EBITDA.
By Dani James • Sept. 25, 2023 -
Small business confidence hits post-pandemic high: U.S. Chamber
The outlook among small businesses has brightened as economists upgrade forecasts for economic growth this year and in 2024.
By Jim Tyson • Sept. 22, 2023 -
Ex-CFO sentenced for tax evasion, hiding offshore accounts
The former CFO of a Russian natural gas company was also ordered to pay a $350,000 fine and more than $4 million in restitution to the U.S.
By Alexei Alexis • Sept. 22, 2023 -
Treasurers turn to large banks to buffer risks
While most treasury professionals focused on macroeconomic risks, some are taking steps within their organizations to control what they can.
By Chris Gaetano • Sept. 21, 2023 -
CFO optimism rebounds on brighter economic outlook: Deloitte
CFO expectations for revenue, earnings and hiring have improved since the second quarter, Deloitte said.
By Jim Tyson • Sept. 21, 2023 -
Fed forgoes rate hike, signals another increase in 2023
Policymakers have kept the main rate unchanged during two of their six meetings this year as price pressures gradually ease.
By Jim Tyson • Sept. 20, 2023 -
High rates, fading consumption will stifle growth: Fannie Mae
As the Fed sustains monetary tightening, the economy in coming months will likely slow — or shrink outright, economists said.
By Jim Tyson • Sept. 19, 2023 -
FASB hands businesses some tax wins
The FASB made a few changes that companies wanted before moving forward with new tax rules last month, KPMG Partner Brett Weaver said.
By Maura Webber Sadovi • Sept. 18, 2023 -
SEC fines Lyft for failing to disclose $424M, pre-IPO stock sale
Lyft is required under federal securities laws to disclose stock transactions exceeding $120,000 that involve a person with ties to the company, the SEC said.
By Jim Tyson • Sept. 18, 2023 -
Inflation exceeds forecasts as fuel prices surge
Despite rising price pressures, futures traders believe the Federal Reserve will forgo a rate hike after a monetary policy meeting next week.
By Jim Tyson • Sept. 13, 2023 -
Brookings’ Klein calls for regulators to speed up ‘tepid’ FedNow adoption
It’s risky to rely entirely on market forces to drive the use of the Fed’s new instant payments service, says Brookings Senior Fellow Aaron Klein.
By Suman Bhattacharyya • Sept. 13, 2023 -
Investor coalition lobbies standard setter to prioritize human and workers’ rights
ShareAction’s letter urges the International Sustainability Standards Board to also look at human capital and human rights together when it considers disclosures reporting.
By Lamar Johnson • Sept. 11, 2023