Dollar General CFO cites inflation, cost pressures as shares slump

“The customer will continue to feel financial pressure for the duration of the year,” CFO Kelly Dilts said on the company’s second quarter earnings call.

By Suman Bhattacharyya • Aug. 30, 2024

Consumer confidence rises despite concern for weakening job market

A Conference Board report Tuesday highlighting improving consumer confidence aligns with a similar survey in early August by the University of Michigan.

By Jim Tyson • Aug. 27, 2024

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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

External CFO hires hit 10-year high

The uptick in companies looking outside their ranks for finance chiefs suggests a lack of succession planning, Crist Kolder's Josh Crist said.

By Maura Webber Sadovi • Aug. 26, 2024

EWA providers crusade against CFPB rule proposal

Earned wage access providers that backed state laws friendly to the industry are preparing for a fight over the Consumer Financial Protection Bureau’s plan to treat such payments like loans.

By Lynne Marek • Aug. 26, 2024

Powell says ‘time has come’ for rate cut, cites weakening labor market

The Fed chair did not indicate the size of a coming interest rate reduction, keeping alive a debate on how far policymakers will cut borrowing costs.

By Jim Tyson • Aug. 23, 2024

Office market approaches ‘peak downsizing’ precipice: CBRE

For the first time since the pandemic, corporate real estate executives’ sentiment has shifted slightly in favor of portfolio expansion, according to a CBRE report.  

By Maura Webber Sadovi • Aug. 23, 2024

Jobless claims edge up, amplifying Fed signals for rate cut

Payrolls in the 12 months ending in March may have grown 818,000 less than previously reported, according to federal data.

By Jim Tyson • Aug. 22, 2024

US M&A deal value jumped to $124B in July

A total of 141 U.S. deals were recorded last month, a 33% increase compared with June, according to EY data.

By Alexei Alexis • Aug. 21, 2024

FTC exceeded its authority with noncompete ban, judge says

The agency’s rulemaking under Sec 6(g) of the FTC Act is procedural, not substantive, Judge Ada Brown of Texas federal court says, blocking a nationwide rule that would have taken effect shortly.

By Robert Freedman • Aug. 21, 2024

AI spurs widespread ROI confidence: KPMG

Companies “are moving from experimenting with the technology to really starting to put expectations on it,” KPMG’s Per Edin said.

By Alexei Alexis • Aug. 20, 2024

Economic data no longer herald recession: Conference Board

Several data points during the past two weeks paint a sunny outlook for the economy, discouraging forecasts of a downturn.

By Jim Tyson • Aug. 19, 2024

Kamala Harris proposes grocery price-gouging ban as part of economic platform

Grocery trade groups had mixed reactions, with the National Grocers Association calling for stronger enforcement of current federal antitrust requirements.

By Catherine Douglas Moran • Aug. 19, 2024

Cisco plans to cut 7% of workforce amid AI push

The tech giant is “shifting hundreds of millions of dollars” into artificial intelligence and other growth areas of its business, CEO Chuck Robbins said.

By Alexei Alexis • Aug. 15, 2024

How to push price and bust currency devaluation

Whether for increased revenue or profitability, corporate growth requires price increases — potentially as frequently as every six months, Adam Echter writes.

By Adam Echter • Aug. 15, 2024

Inflation slows to three-year low, clearing way for Fed rate cut

The central bank at a meeting next month will likely weigh cooling inflation against signs that the labor market is loosening up.

By Jim Tyson • Aug. 14, 2024

Producer price inflation slows, brightening outlook for Fed rate cut

The less-than-forecast gain in PPI last month bodes well for a decline in economy-wide price pressures in coming months.

By Jim Tyson • Aug. 13, 2024

M&A, vendor reliance help drive up ransomware threat: report

The financial severity of claims related to ransomware attacks increased more than 400% from 2022 to 2023, the study found.

By Alexei Alexis • Aug. 13, 2024

Bolstering the CFO-CRO relationship to ensure AI investment returns

The CFO and CRO can serve as a crucial duo as organizations face pressure to launch revenue-generating AI projects, writes MinIO CFO Mark Khavkin.

By Mark Khavkin • Aug. 13, 2024

Fractional experts, AI can ease pressures on ‘overextended’ finance teams

CFOs need to bring flexibility to overburdened finance teams to navigate economic headwinds, Paro’s Michael Burdick said.

By Grace Noto • Aug. 12, 2024

Jobless claims dip below forecasts in glimmer of hope for labor market

The report on initial jobless claims helped fuel a rebound in equity markets following news last week of job market weakness.

By Jim Tyson • Aug. 8, 2024

CFOs must act as data, decision-making center: Pigment

CFOs need access to a wide range of data to ensure they can react speedily to market challenges, Pigment CEO Eleonore Crespo says.

By Grace Noto • Aug. 8, 2024

AI prep is top challenge for companies drowning in ‘unstructured data’

The AI boom is forcing companies to consider data management upgrades, as some face budget constraints.

By Alexei Alexis • Aug. 7, 2024

Delinquencies rise as household debt hits record high: NY Fed

Rising consumer debt and delinquencies, along with an increase in unemployment, have shown no signs of dampening consumer spending.

By Jim Tyson • Aug. 7, 2024

Job market setbacks do not ‘portend’ broad slump: Conference Board

Investors fearing a recession have pulled back from risk since a report on Friday that unemployment last month rose to 4.3%.

By Jim Tyson • Aug. 6, 2024

Warehouse robot momentum faces cost, ROI challenges

Companies that invest in the pricey technology may need to wait two to three years on average to see a return on investment, market analyst Ash Sharma said.

By Alexei Alexis • Aug. 6, 2024