Interim ADM CFO gets $35K monthly pay boost

Embattled Archer Daniels Midland also gave interim finance chief Ismael Roig restricted stock valued at $1 million that will fully vest in March of next year.

By Maura Webber Sadovi • March 26, 2024

Zoom launches AI collaboration hub, brings automation to the fore

Zoom One bundles will rebrand to Zoom Workplace bundles for new and existing customers following a public release in April and May.

By Lindsey Wilkinson • March 26, 2024

Explore the 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

AI scales up fraud controls, but humans still vital

AI analytics technology is turbocharging anti-fraud measures through its ability to process oceans of financial data.

By Chris Gaetano • March 26, 2024

Tax-free M&A comes in crosshairs of bipartisan Senate legislation

An effort to scuttle deal-making tax exemptions coincides with signs of life in M&A after a severe slump last year.

By Jim Tyson • March 25, 2024

Office real estate value likely to plunge 26% through 2025: Moody’s

An above-average amount of commercial real estate debt will soon mature and property owners will need to refinance at the highest rates in years, Moody’s said.

By Jim Tyson • March 22, 2024

Companies plan 4.5% pay raises this year, outpacing inflation: Payscale

As price pressures fall, pay increases will help employees recover from the highest inflation in four decades, Payscale said.

By Jim Tyson • March 21, 2024

Marqeta CFO touts EWA expansion

The card-issuing fintech has seen adoption of its debit card-linked EWA product increase as hourly workers at Walmart and Uber have been added, CFO Mike Milotich said.

By James Pothen • March 21, 2024

Boeing to spend $4B plus to fix safety, supply chain woes: CFO

The aerospace company’s finance chief on Wednesday detailed some of the financial implications of the safety issues that have have recently plagued the company.

By Suman Bhattacharyya • March 20, 2024

Fed forecasts three, quarter-point rate cuts in 2024, holds main rate steady

Central bank officials upgraded their projection for 2024 economic growth to 2.1% while predicting unemployment will end the year at 4%.

By Jim Tyson • March 20, 2024

Tech Q1 job cuts surge above 50K

The latest figures show that layoff activity in the tech sector may be far from over despite a huge drop after the first quarter of last year.

By Alexei Alexis • March 19, 2024

CFOs play it safe on AI spending

Close to two-thirds (62%) of CFOs responding to a Deloitte poll anticipated an allocation of less than 1% of their organization’s budget for GenAI next year.

By Alexei Alexis • March 19, 2024

Audit committees rank cybersecurity as top priority amid SEC crackdown

Cyberattacks are just one of several rapidly changing threats confronting audit committees, according to the Center for Audit Quality and Deloitte.

By Jim Tyson • March 14, 2024

Affirm CFO swears off auto lending, for now

The buy now, pay later company seeks to be involved in more consumer spending opportunities, but finance chief Michael Linford all but ruled out auto lending.

By Caitlin Mullen • March 13, 2024

Inflation exceeds forecasts, affirming Fed’s caution on initial rate cut

Futures trading suggested that the odds that policymakers will cut the main interest rate by at least a quarter point on May 1 have plunged to 11% from 52% a month ago.

By Jim Tyson • March 12, 2024

Peloton CFO leans on cost cutting to reverse post-pandemic slump

Finance chief Liz Coddington is cutting overhead costs and driving more revenue from Peloton’s digital subscription and bike rental businesses.

By Suman Bhattacharyya • March 12, 2024

CEO confidence, capital spending plans rise: Business Roundtable

Like CEOs, economists at large companies have grown more optimistic and foresee stepped up spending on business fixed investment this year, Wolters Kluwer said.

By Jim Tyson • March 11, 2024

Powell assailed by Democrats calling on Fed to cut rates from 23-year high

The Fed chair said that policymakers will likely begin trimming borrowing costs sometime this year if data show that inflation is steadily falling.

By Jim Tyson • March 7, 2024

Costco CFO ‘voice’ looks back on 40 years, $1.50 hot dogs and leadership

Richard Galanti thought he might stay four years at what was then a retail startup. Costco’s CFO stayed about four decades.

By Maura Webber Sadovi • March 7, 2024

Powell predicts commercial real estate woes will most afflict smaller banks

The Fed, bankers and commercial real estate executives have warned of turbulence as property owners struggle to refinance debt at higher rates.

By Jim Tyson • March 6, 2024

SEC drops scope 3 from final climate rule

The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.

By Lamar Johnson • March 6, 2024

Gender diversity on boards correlates with high credit quality: Moody’s

Investors seek greater gender and racial diversity on corporate boards, according to the Securities and Exchange Commission.

By Jim Tyson • March 5, 2024

Pay roundup: States where minimum wage is on the rise

A growing number of states are raising minimum wages: Delaware, Illinois and Rhode Island are expected to raise their levels to $15 in 2025, according to NELP.

By Chris Gaetano • March 5, 2024

Legacy tech stymies cost-cutting innovations

Most companies fell short of their cost-reduction targets last year, with half citing challenges related to legacy tech as a top barrier, Deloitte found.

By Alexei Alexis • March 5, 2024

93% of firms use a mix of ESG standards, thwarting uniformity efforts: IFAC

The spotlight on confusion from a jumble of ESG frameworks comes just days before a vote on an SEC rule aimed at ensuring uniformity in climate disclosure.

By Jim Tyson • March 4, 2024

Fed’s key inflation measure rose in January, validating high-rate hold

Policymakers have refrained from declaring sufficient progress in their fight against inflation, pushing back by several months market expectations for a rate cut.

By Jim Tyson • Feb. 29, 2024