Strategy & Operations: Page 14
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Consumer confidence falls, breaking three-month rising streak
Spending by consumers is showing signs of sputtering after propelling better-than-expected economic growth last year.
By Jim Tyson • Feb. 27, 2024 -
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SaaS license waste tops IT spend challenges
Hasty software purchasing during the pandemic led to bloated tech stacks that are now ripe for trimming.
By Alexei Alexis • Feb. 27, 2024 -
Explore the Trendline➔
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TrendlineCompensation: 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 -
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Economists predict 2.2% GDP growth, outstripping prior 2024 forecast: NABE
Data on the job market, and consumer and producer prices, suggest the Fed may need to keep the main interest rate at a 40-year high longer than markets anticipated.
By Jim Tyson • Feb. 26, 2024 -
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Lufthansa CFO to step down amid board reshuffle
The airline is overhauling its executive leadership team in the face of repeated labor strikes by its ground staff in its home country of Germany.
By Grace Noto • Feb. 23, 2024 -
Courtesy of Honda Aircraft Co.
IRS targets ‘under the radar’ misuse of corporate jets: Werfel
The IRS has stepped up tax enforcement since Congress approved a $80 billion funding boost in 2022.
By Jim Tyson • Feb. 22, 2024 -
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More than half of accountants make several errors each month: Gartner
Accountants with excessive workloads tend to err through manual mistakes, lax review of records or misinterpretation of data, Gartner said.
By Jim Tyson • Feb. 21, 2024 -
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M&A to rise, buoyed by ready cash, solid profits, stable economy: McKinsey
CFOs will sooner reach strategic goals through deal-making than through organic growth, McKinsey said.
By Jim Tyson • Feb. 20, 2024 -
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‘Maverick’ SaaS spending by workers can waste millions: Vertice
A company with more than 2,000 employees wasted, on average, as much as $4.3 million on underutilized SaaS licenses in 2023.
By Alexei Alexis • Feb. 20, 2024 -
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Honeywell exec upbeat on warehouse automation trends
Rising e-commerce shipments and ongoing labor shortages are among macrotrends that are favorable to the market.
By Alexei Alexis • Feb. 20, 2024 -
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Investors rank securing talent as top corporate priority in 2024: EY
Corporate directors and investors differ when identifying the biggest issues this year, with directors focusing more on the economy and capital allocation, EY said.
By Jim Tyson • Feb. 16, 2024 -
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Werfel defends IRS against Republican efforts to slash funding
Before the approval of $80 billion in extra funding in 2022, the Internal Revenue Services fielded just one examiner for every 150 of the largest tax filers, IRS Commissioner Daniel Werfel said.
By Jim Tyson • Feb. 15, 2024 -
Courtesy of the National Transportation Safety Board.
Boeing CFO expects 2H24 production resurgence, cites ‘uncertain moment’
The aerospace company is grappling with the implications of last month’s midair door plug blowout that shocked travelers and sparked an FAA audit.
By Suman Bhattacharyya • Feb. 15, 2024 -
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Want a remote accounting or finance gig? It could be your lucky year.
The accounting and finance job category rose to take second place in FlexJobs’ 2024 ranking of the strongest fields for work-from-home roles.
By Maura Webber Sadovi • Feb. 14, 2024 -
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Inflation edges up, pushing back forecast of first Fed rate cut
Futures traders now see a 52% probability that policymakers in June will cut the federal funds rate from its current peak level between 5.25% and 5.5%.
By Jim Tyson • Feb. 13, 2024 -
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AI dominates CFOs’ 2024 budget hike plans
The vast majority (90%) of finance leaders are projecting higher AI budgets in the coming year, with none planning a reduction, Gartner found.
By Alexei Alexis • Feb. 13, 2024 -
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Auditors should follow tougher standards for identifying fraud: IAASB
A proposal for stricter rules by the global standard setter for corporate audits follows what it says is a rash in fraud cases in recent years.
By Jim Tyson • Feb. 12, 2024 -
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PayPal cost-cutting likely to persist
The digital payments pioneer’s expense reductions may take years to benefit the company’s bottom line as management resets the business strategy.
By Lynne Marek • Feb. 12, 2024 -
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CEO optimism hits two-year high as inflation cools: Conference Board
More than one out of three top executives believe the economic outlook will brighten during the next six months, according to a Conference Board and Business Council survey.
By Jim Tyson • Feb. 9, 2024 -
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Minority CPAs drop 26% after 150-hour rule: MIT
Proponents of the more onerous rule say it raises the quality of accounting services. The study’s authors found “scant evidence.”
By Maura Webber Sadovi • Feb. 9, 2024 -
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Yellen backs legislation to avert AI threat to financial stability
Testimony by the Treasury Secretary follows a pledge by the Biden administration to seize on the benefits of artificial intelligence while containing its risks.
By Jim Tyson • Feb. 8, 2024 -
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Walgreens names permanent CFO in management shakeup
The pharmacy chain’s recently-installed CEO announced executive team changes as the company looks for a fresh start after financial struggles.
By Alexei Alexis • Feb. 8, 2024 -
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IRS to collect $561B more in tax revenue with new enforcement funds
The Treasury highlighted the payoff from stepped up funding for IRS enforcement as Republicans seek to cut the agency budget.
By Jim Tyson • Feb. 7, 2024 -
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Earnings season CFO moves pile up: Prudential, H&R Block
Announcing CFO exits and entrances during earnings season can pave the way to a smooth transition — but there can be downsides.
By Maura Webber Sadovi • Feb. 7, 2024 -
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Profit is the ‘high value’ IPO ticket, NetSuite execs say
As the IPO market recovers, investors are putting a premium on companies that have demonstrated stable profitability.
By Grace Noto • Feb. 7, 2024 -
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Yellen says commercial real estate losses may leave banks ‘quite stressed’
Bank regulators aim to avert turmoil caused by a slump in the value of commercial real estate, Treasury Secretary Janet Yellen said in testimony to a House committee.
By Jim Tyson • Feb. 6, 2024
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