Costco CFO looks to ‘pull forward’ inventory buys amid tariff uncertainty

“In general, of course, tariffs raise costs so that's not something that we see as a positive,” Costco CFO Gary Millerchip said on the company’s earnings call Thursday.

By Maura Webber Sadovi • Dec. 13, 2024

It’s time to prepare for FASB’s new compensation reporting rules

The new accounting standard will fundamentally change how businesses track and report compensation, especially with regards to bonuses and commissions, Mark Schopmeyer writes.

By Mark Schopmeyer • Dec. 13, 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

Trump-related accounting rule revamp is a likely ‘nonstarter’

Daniel Tinkelman, a professor of accounting at Brooklyn College of the City University of New York, wants the FASB to clarify GAAP rules on personal financial statements.

By Maura Webber Sadovi • Dec. 12, 2024

Morningstar picks insider for CFO

Michael Holt will take the finance reins of the Chicago-based investment research and financial services firm from Jason Dubinsky on Jan. 1.

By Maura Webber Sadovi • Dec. 11, 2024

Inflation rises, underscoring Fed’s challenge achieving 2% target

Traders in interest rate futures were unfazed by the report of persistent inflation, raising the odds that policymakers will trim the main interest rate next week.

By Jim Tyson • Dec. 11, 2024

Small business optimism surges to highest level in three years: NFIB

CEOs at the largest U.S. companies also see good times ahead, according to the Business Roundtable.

By Jim Tyson • Dec. 10, 2024

Hiring rebounds amid hurricane, strike recovery as jobless rate edges up

Traders in interest rate futures raised the odds that the Federal Reserve will cut the federal funds rate by a quarter point on Dec. 18.

By Jim Tyson • Dec. 6, 2024

Powell says solid economy gives Fed time to mull rate cut pace

Powell’s comments align with those of other Fed officials in recent days who backed a cautious approach to future reductions in borrowing costs.

By Jim Tyson • Dec. 4, 2024

US manufacturing shrinks for eighth straight month: ISM

Some concerns about federal policy have eased since the November election, giving C-suite executives firmer footing as they complete business strategies for 2025.

By Jim Tyson • Dec. 2, 2024

Inflation accelerates as Fed officials view easing with caution

Some Federal Reserve officials said at a policy meeting this month that the central bank may hit its 2% inflation target later than expected.

By Jim Tyson • Nov. 27, 2024

FASB updates convertible debt rules

The new GAAP guidance stems from a request made by Big Four accounting firms and comes as the convertible bond market is regaining steam. 

By Maura Webber Sadovi • Nov. 27, 2024

SEC’s Gensler to step down Jan. 20 after robust rulemaking, enforcement

The SEC, in one of its most far-reaching changes under Gensler, adopted rules to channel more trading of Treasury securities into central clearinghouses and curb illiquidity risks.

By Jim Tyson • Nov. 21, 2024

3 CFO steps for finding opportunity in geopolitical instability: McKinsey

The financial and political order built after World War II faces mounting challenges to the flow of goods, capital and services and outright conflicts in the Middle East and Ukraine.

By Jim Tyson • Nov. 19, 2024

Spirit Airlines cleared $5.4M in retention awards before bankruptcy

The budget airline’s CEO will receive a $3.8 million retention payment while its CFO will get $175,000, according to an SEC filing.

By Maura Webber Sadovi • Nov. 19, 2024

Retail sales rise in hint of cheer for holiday consumer spending

Recent signs of robust consumer spending and persistent inflation prompted Wall Street to reduce the odds that the Fed will cut the main interest rate by a quarter point at its December meeting.

By Jim Tyson • Nov. 15, 2024

How Trump 2.0 could revamp tax policy

Businesses need to prepare for potentially “fast moving” changes to tax policy as questions swirl around President-elect Trump’s plans, EY’s Martin Fiore said.

By Maura Webber Sadovi • Nov. 15, 2024

Economists predict above-trend economic growth in 2025: Wolters Kluwer

Economists at companies ranging from Goldman Sachs to Ford Motor and KPMG to Wells Fargo now see only a 27% probability of recession in the next 12 months.

By Jim Tyson • Nov. 14, 2024

Inflation edges up, highlighting Fed’s bumpy path to stable prices

Traders in interest rate futures bet that the Fed will take the inflation news in stride, raising the odds that it will trim borrowing costs by a quarter point next month.

By Jim Tyson • Nov. 13, 2024

Small business optimism rose before election despite uncertainty: NFIB

Nine out of the 10 factors that determine the NFIB’s optimism index increased last month, including the outlook for business conditions.

By Jim Tyson • Nov. 12, 2024

Earned wage access: A CFO primer

The service, which lets users draw an advance on a portion of their pay before payday, raises some thorny issues for employers and their finance teams.

By Suman Bhattacharyya • Nov. 12, 2024

How Trump’s administration may rework payments policies

The president-elect and his new administration will have the opportunity to revamp federal government approaches for everything from earned wage access to digital currencies to open banking.

By Lynne Marek and Patrick Cooley • Nov. 11, 2024

Consumer expectations hit highest level since July 2021: survey

Expectations for personal finances have improved amid indications that many Americans, when looking back four years, believe their financial well-being has declined.

By Jim Tyson • Nov. 8, 2024

Fed cuts rate by quarter point, sees ‘balanced’ risks to inflation, jobs

The reduction in borrowing costs comes just two days after Donald Trump won a second term as president, heralding likely economic policy shifts that may fuel inflation.

By Jim Tyson • Nov. 7, 2024

Consumers during Trump presidency will view Fed as pro-GOP: NBER paper

During his first term as president, Donald Trump’s criticism of Federal Reserve policy influenced interest rate expectations and financial markets, researchers said in a NBER paper.

By Jim Tyson • Nov. 6, 2024

Gauge of future hiring holds steady despite weak October payroll growth

Most components in the Employment Trends Index improved last month, including the share of involuntary part-time workers, the Conference Board said.

By Jim Tyson • Nov. 5, 2024