Latest AT&T data breach risks customer defections: Moody’s

The incident comes as AT&T is already facing a number of class action suits stemming from a separate breach that was disclosed in March.

Banks should proactively combat instant payments fraud: BNY

Use of data-sharing protocols among banks could warn customers before they send money, said Carl Slabicki, a BNY executive.

5 takeaways on costs, challenges of climate disclosure compliance

Complacency regarding the SEC’s now-stayed rules could leave companies “scrambling to try to get ready” once they are put in place, PwC’s Marc Siegel said.

Powell says data lift Fed confidence inflation cooling toward 2% goal

Federal Reserve Chair Jerome Powell welcomed recent inflation data, including a report that the core consumer price index rose last month at the slowest pace since early 2021.

AR player Versapay plunges ahead with new C-suite team

The business-to-business accounts receivable player is weighing its strategic options and eyeing opportunities in the office of the CFO.

BofA tackles digital banking’s transaction pain points

The latest CashPro platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email the bank.

Casual dress codes, informal etiquette may help recruiting and retention, survey indicates

Employers may want to be more lenient with attire, cellphones and communication, but such shifts also may confuse employees if expectations aren't clear.

Costco hikes membership fees 8% as inflation eases

The long-anticipated increase marks the first time since 2017 that the global retailer has raised its membership fees. 

Former tech CFO sanctioned in UK over fraud after US jail sentence

The ex-finance chief of software vendor Autonomy is banned from working as an accountant in the U.K. until November 2038.

Yooz: Closing the finance strategy perception gap

To drive strategic transformation, CFOs need to connect with their finance teams to figure out what’s holding them back, Yooz’s John Gronen said.

GenAI spending frenzy shifts as revenue emerges as top ROI priority

Revenue generation has overtaken productivity as C-suite leaders’ primary return-on-investment metric for generative AI spending, KPMG found.

Fed will cut main rate before inflation falls to its 2% goal: Powell

A decline in the Federal Reserve’s preferred inflation measure to 2.6% has prompted policymakers to focus more on the cooling job market, Fed Chair Jerome Powell said.

Newly-appointed UPS CFO faces shipping, cost quandary

Brian Dykes faces the tough challenge of boosting shipping volumes without subsequently increasing costs, West Monroe’s Jeremy Tancredi said.

ADM hires 3M CFO, signaling push for fresh start after accounting woes

The grain trading giant’s financial reporting practices have been in the spotlight since January when it revealed an internal probe was underway.

Chipotle CFO Jack Hartung to retire after two decades at chain

Adam Rymer, the company’s current vice president of finance, will become CFO in January.

Powell spotlights risks to jobs, wants more gains against inflation

The job market in recent months has shown signs of returning to its pre-pandemic trend, with demand for labor easing and unemployment rising to 4.1% in June.

Naked Wines replaces SVB credit facility as CFO exits

The subscription-based retailer’s $60 million new credit facility with PNC Bank will be secured by its global wine assets. 

Aligning finance, operations key for best tech practices: LogicSource

To find the right technology solution, finance and operations first need to be aligned on the problem, LogicSource’s Jo Seed says.

Crypto theft doubles to $1.38B

The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.

Boeing would become a felon under DOJ plea deal

The aerospace and defense giant would plead guilty to one criminal count, pay a $244 million fine and operate under an oversight monitor for three years.

How CFOs can leverage AI in spend management

AI can sift through tons of data in seconds, streamlining tax calculations in the employee expense process, among other benefits, writes SAP Concur’s Chris Juneau.

How CFOs can survive a takeover

CFOs need to make sure they have a road map for handing the company over to the buyer, West Monroe’s Connor Augustyn said.

4 tips for combating CFO deepfakes

CFOs should be cautious about posting personal material on social accounts, as such information can be used to build deepfakes.

Serta brings in ElectroLux alum as finance chief after latest CEO swap

GE alum Cesar Perez will take the mattress manufacturer’s financial reins only a few days after its newly-appointed CEO, Jim Loree, stepped into his role as of July 1.  

A CFO summer reading list

As we move into the second half of the year, it’s a good time to take a break and head down to the pool — hopefully with a good book in hand.