The Latest

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  Morningstar picks insider for CFO

  Michael Holt will take the finance reins of the Chicago-based investment research and financial services firm from Jason Dubinsky on Jan. 1.

  Treasury

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  Mercedes-Benz taps Continental finance leader for board seat

  The appointment is among a series of board leadership changes at Mercedes-Benz after it posted significant profit losses in the third quarter.

  Financial Reporting

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  Inflation rises, underscoring Fed’s challenge achieving 2% target

  Traders in interest rate futures were unfazed by the report of persistent inflation, raising the odds that policymakers will trim the main interest rate next week.

  Strategy & Operations

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  For tech-forward finance, CFOs must zero in on AI ‘literacy’: Seismic

  Offering resources and training for much-needed AI skills is essential for CFOs looking to drive critical ROI with such technology investments, Seismic’s Kerry Ryan said.  

  Technology

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  FTC warns 21 healthcare marketers against deceptive claims

  The warnings come less than a week after the fatal shooting of a UnitedHealthcare CEO unleashed expressions of anger on social media about health insurer practices. 

  Strategy & Operations

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  Small business optimism surges to highest level in three years: NFIB

  CEOs at the largest U.S. companies also see good times ahead, according to the Business Roundtable.

  Strategy & Operations

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  Citi CFO: Evolving data standards make upgrade more complex

  Mark Mason, the bank’s finance chief, also said the focus on the need to improve data tied to regulatory reporting isn’t unique to Citi.

  Financial Reporting

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  Disney CFO champions ‘big bets’ on cruises, streaming

  Disney finance chief Hugh Johnston is focusing on removing “unnecessary costs” as the company continues to funnel billions into experiences such as cruises, he said.

  Financial Reporting

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  US poised for AI policy shake-up under Trump

  The signs of a coming shift include Trump’s decision to tap former PayPal executive David Sacks as “AI and crypto czar,” according to attorneys at Perkins Coie.

  Technology

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  Bullish AI spenders report higher ROI rates

  Organizations that commit 5% or more of their total budget toward AI see higher rates of positive returns compared with those spending less, EY found.

  Strategy & Operations

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  Super Micro gets delisting reprieve, filing extension

  The San Jose, California-based tech company won a reprieve from the delisting threat it has faced since it failed to file its fiscal 2024 10-K in August.

  Financial Reporting

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  Credit risk rising as cyber attackers strike larger companies: Moody’s

  Cybercriminals are increasingly deploying generative AI tools in their efforts at ransomware and fraud, Moody’s Ratings said.

  Strategy & Operations

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  Unilever CFO sees 7.5% pay boost for new procurement, tech responsibilities

  Fernando Fernandez will receive a 7.5% pay bump to take control of supply chain and tech as Unilever continues to navigate the separation of its $19.5 billion ice cream business.

  Financial Reporting

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  Super Micro proposed class actions head toward consolidation

  Litigation alleging Super Micro, its CEO and CFO misled investors is poised to heat up. But an AI supercomputer project the company is involved in got a shout-out from Elon Musk.

  Financial Reporting

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  Hiring rebounds amid hurricane, strike recovery as jobless rate edges up

  Traders in interest rate futures raised the odds that the Federal Reserve will cut the federal funds rate by a quarter point on Dec. 18.

  Strategy & Operations

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  HPE sees ‘highest ever’ AI server revenue of $1.5B, CFO says

  HPE is looking to remain “disciplined” on pricing and cost related to its AI offerings as it keeps its eye on profitable growth, CFO Marie Myers said Thursday.  

  Financial Reporting

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  Health insurers remove executive bios, images from websites after UnitedHealthcare CEO killing

  UnitedHealth, Elevance and some BCBS plans have deleted senior leadership pages from their corporate sites, while Centene and CVS scrubbed images of their executives online.

  Risk Management

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  Trump’s SEC pick sparks concern from ESG, climate experts

  The president-elect picked Paul Atkins for Securities and Exchange Commission chair, who experts expect to prioritize maximizing corporate returns over ESG considerations.

  Leadership

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  Intel CFO: Core business strategy remains ‘intact’ after CEO exit

  It’s likely the incoming CEO will have a foundry background, David Zinsner, CFO and interim co-CEO for Intel said during a conference Wednesday.  

  Financial Reporting

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  Braintree targets higher pricing, PayPal CFO says

  PayPal is looking to create a more profitable unbranded payment business line, the CFO said.

  Strategy & Operations

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  Former Yelp exec named Etsy CFO

  The change is part of a broader management shake-up at Etsy as it grapples with declining sales.

  Financial Reporting

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  Fluor CFO Joe Brennan to retire after 30 years

  John Regan, currently Fluor’s executive vice president and chief accounting officer, will step into the role on March 1, 2025.

  Leadership

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  Trump taps crypto lobbyist, business consultant to lead SEC

  Trump’s nominee, Paul Atkins, served as a commissioner at the SEC under former President George W. Bush.

  Compliance

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  Powell says solid economy gives Fed time to mull rate cut pace

  Powell’s comments align with those of other Fed officials in recent days who backed a cautious approach to future reductions in borrowing costs.

  Strategy & Operations

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  Creating a tech-forward senior accounting talent strategy: EY

  To retain top talent, CFOs need to balance senior accountants’ experience against AI’s promise, EY’s Daren Campbell said.  

  Technology

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