Risk Management: Page 5
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Services spur growth as coming election jars business confidence: S&P
“The economy continues to offer mixed signals about its underlying strength,” Minneapolis Fed President Neel Kashkari said Monday.
By Jim Tyson • Sept. 23, 2024 -
Harris, Trump contest raises the stakes on six salient policy points: EY
“There are more similarities than many people realize between Harris and Trump on some key issues,” according to an EY political analyst.
By Jim Tyson • Sept. 20, 2024 -
Trendline
Compensation: 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 -
Fed rate cut unlikely to boost manufacturing until 2025, experts warn
The looming presidential election is still sparking uncertainty in the industry, pushing manufacturers to spend with caution.
By Kate Magill • Sept. 20, 2024 -
CFOs shy away from risk amid hazy political outlook: Deloitte
Bolstering the case for CFO caution, the Conference Board’s Leading Economic Index declined in August for the sixth consecutive month.
By Jim Tyson • Sept. 19, 2024 -
CFOs juggle strategy, economic pressures in AI push: Billtrust
Heightened pressure to deliver strategy could push CFOs to adopt GenAI faster than previous technologies, Billtrust CEO Sunil Rajasekar said.
By Grace Noto • Sept. 18, 2024 -
Fed cuts main rate by half point, voices confidence inflation falling
The central bank trimmed borrowing costs from a two-decade high after policymakers noted their growing concern about softening in the labor market.
By Jim Tyson • Sept. 18, 2024 -
Mastercard CFO to continue working after cancer diagnosis
Decisions on medical disclosures can be challenging for companies but Mastercard’s approach drew high marks from some corporate governance experts.
By Maura Webber Sadovi • Sept. 17, 2024 -
Retail sales highlight consumer strength as Fed mulls size of rate cut
Even with solid retail sales data, traders in interest rate futures increased odds that the Federal Reserve will cut the benchmark interest rate Wednesday by a half point.
By Jim Tyson • Sept. 17, 2024 -
SAP joins $15M funding round for risk detection startup Datricks
The investment comes as payment fraud targeted at businesses — a key focus of the startup — is surging, with a heavy impact on corporate revenues.
By Alexei Alexis • Sept. 17, 2024 -
SEC charges leaders of failed online pharmacy in $170M fraud case
SEC Chair Gary Gensler has stepped up enforcement since 2021, targeting investor fraud, cyber-related misconduct and misleading financial reporting.
By Jim Tyson • Sept. 13, 2024 -
Artificial intelligence may boost profit margins 2% over next five years: BofA
“Investors frequently overestimate the magnitude of tech disruption in the near term and underestimate it over the longer term,” Bank of America said.
By Jim Tyson • Sept. 12, 2024 -
Economic, cyber worries among top CFO concerns: Travelers
Over half of CFOs pointed to mitigating business risks as a key skill set, a recent Travelers study found.
By Grace Noto • Sept. 12, 2024 -
Election triggers new tax scenario planning: U.S. Bank survey
Former President Donald Trump has talked about reducing the current 21% corporate tax rate while Vice President Kamala Harris proposed raising it to 28%.
By Maura Webber Sadovi • Sept. 12, 2024 -
Inflation slows to three-year low, clearing way for Fed rate cut
The persistence of shelter cost inflation prompted futures traders to retreat from predictions that policymakers next week will cut the federal funds rate by a half point.
By Jim Tyson • Sept. 11, 2024 -
Ally shares slump after CFO warns of ‘intensified’ credit challenges
Borrowers have continued to struggle with high inflation, cost of living and a “weakening” employment picture, CFO Russ Hutchinson said.
By Grace Noto • Sept. 11, 2024 -
Small businesses bedeviled by inflation as Fed signals rate cut plan
Inflation persisted last month as the top concern among small businesses, the National Federation of Independent Business said.
By Jim Tyson • Sept. 10, 2024 -
Citi CFO: Businesses mull derisking as uncertainty persists
While the “boil” appears to be coming off inflation, companies are still grappling with uncertainty around elections and rates, Citigroup’s Mark Mason said Monday.
By Maura Webber Sadovi • Sept. 10, 2024 -
B2B payment fraud poised for 2024 surge
The threat can be devastating, with many companies losing more than 30% of their total revenue to fraudulent activities each year, according to a Creditsafe report.
By Alexei Alexis • Sept. 10, 2024 -
Companies lean on AI in push to curb cyber insurance costs
Half of business leaders responding to a Delinea survey said their organization was able to negotiate a lower cyber insurance rate after using AI.
By Alexei Alexis • Sept. 10, 2024 -
Companies boosting salary budgets at near-record pace in 2025
Salaries will likely rise at a robust clip even though the job market since the pandemic has gradually cooled, the Conference Board said.
By Jim Tyson • Sept. 9, 2024 -
Tax compliance costs surge 32% since 2017: Tax Foundation
Efforts to simplify the federal tax code have failed to reverse decades of regulatory and legislative changes that have made it more complex.
By Jim Tyson • Sept. 5, 2024 -
New ADM CFO to tackle ‘root cause’ of material weakness
Just weeks into his CFO tenure, Monish Patolawala said he’d prioritize remediating the accounting woes that have rocked the company this year.
By Maura Webber Sadovi • Sept. 4, 2024 -
SEC fines credit rating firms $49M for record-keeping flaws
Employees at some of the firms routinely discussed credit ratings on their personal communication devices, the SEC said.
By Jim Tyson • Sept. 4, 2024 -
US manufacturing persists in recession mode, production falls
Producers, responding to “election uncertainty” and monetary policy, held back on capital investment last month, the Institute for Supply Management said.
By Jim Tyson • Sept. 3, 2024 -
Deepfake scams escalate, hitting 53% of businesses
Eighty-five percent of corporate finance professionals now view such scams as an “existential” threat, a Medius study found.
By Alexei Alexis • Sept. 3, 2024