‘Inflation may have peaked’ as economy slumps: Fannie Mae

The U.S. economy will likely shrink during this quarter and most of 2023 as the Federal Reserve cools demand and curbs inflation, Fannie Mae said.

By Jim Tyson • Nov. 22, 2022

CFO stressors: Four cures for inflation fever

CFOs have seized on ways to shield profits against the worst price pressures in nearly 40 years.

By Jim Tyson • Nov. 21, 2022

U.S. will ‘narrowly avoid recession’: Goldman Sachs

The Federal Reserve will slow the pace of tightening next month and early next year but not cut the federal funds rate until Q2 2024, Goldman Sachs predicted.

By Jim Tyson • Nov. 18, 2022

Most auditors pessimistic about economy: CAQ

Inflation ranks as the top threat to U.S. companies in the coming months, according to auditors surveyed by the Center for Audit Quality.

By Jim Tyson • Nov. 16, 2022

Businesses can expect more pushback on taxes from new Congress: KPMG

With midterm votes still being tallied, corporate leaders are still grappling with the election’s likely impact on tax policies and regulations.  

By Suman Bhattacharyya • Nov. 9, 2022

M&A rebound unlikely in 2023 after 35% slump: S&P Global

Higher borrowing costs this year have choked off deal-making, a trend that will probably persist in 2023.

By Jim Tyson • Nov. 9, 2022

Fed flags risks from liquidity strains, Russia’s invasion, inflation

Hidden leverage or declining market liquidity may amplify harm from a financial shock, Fed Vice Chair Lael Brainard said.

By Jim Tyson • Nov. 7, 2022

Stock buybacks rise toward record $1T: Goldman Sachs

Companies are repurchasing shares at a fast pace before the federal government next year levies a 1% excise tax on such transactions.

By Jim Tyson • Nov. 4, 2022

Fed intensifies inflation fight, may slow tightening next month

The Federal Reserve may raise borrowing costs in smaller increments but a pause in its efforts to reduce price pressures is not in the cards, Fed Chair Jerome Powell said.

By Jim Tyson • Nov. 2, 2022

Default rate likely to triple by Sept. 2023: Moody’s

Higher borrowing costs and a slowdown in the economy may trigger a rise in credit downgrades and outright defaults in the next 12 months.

By Jim Tyson • Oct. 31, 2022

Rising wages, inflation keep Fed on track for Nov. 2 tightening

CFOs may not realistically expect wage pressures to ease as long as pay increases lag inflation and job openings exceed the number of job seekers.

By Jim Tyson • Oct. 28, 2022

Ukraine raises fresh fraud concerns, Stripe exec says

The war in Ukraine raised the stakes for fraud detection, as threat actors devise more complex ways of evading oversight.

By Suman Bhattacharyya • Oct. 26, 2022

Low-tax laurels go to Wyoming, NJ dead last

Companies are more likely to move to another state with lower taxes than to an appealing foreign location, the Tax Foundation said.

By Jim Tyson • Oct. 26, 2022

More companies lag Q3 earnings estimates: FactSet

Inflation, surging interest rates, cautious consumers and a rising dollar have eroded profits at many big companies.

By Jim Tyson • Oct. 24, 2022

More than half of economists brace for recession: NABE

Rising wages and other cost pressures have dimmed economists’ outlook.

By Grace Noto • Oct. 24, 2022

Companies brace for downturn amid high inflation: Fed

Persistent cost pressures and supply chain bottlenecks are intensifying recession fears at U.S. companies, the Federal Reserve said.

By Grace Noto • Oct. 20, 2022

Recession to start in Q2 2023, Fitch says

Warnings of a possible downturn are increasing amid a steady withdrawal of monetary stimulus, a slump in the housing market and a weakening in retail spending.

By Jim Tyson • Oct. 19, 2022

Businesses seek 15% minimum tax guidance for financials

Absent IRS direction, certain companies may struggle to accurately report the new tax’s financial impact in their future financial reports.

By Maura Webber Sadovi • Oct. 18, 2022

7 CFO tips to prepare for SEC climate risk rule

CFOs should not delay putting in place the staff, technology and processes needed to comply with an imminent SEC rule requiring detailed disclosure on climate risk.

By Jim Tyson • Oct. 18, 2022

ESG backlash unlikely to derail SEC climate risk rule

SEC Chair Gary Gensler faces growing resistance to the agency’s proposal that companies provide detailed disclosures on carbon emissions.

By Jim Tyson • Oct. 17, 2022

Superfund taxes stress chemical importers, suppliers

Many companies are still struggling to understand whether the reinstated Superfund excise taxes apply to their operations and what it all means for tax bills. 

By Dawn Wotapka • Oct. 14, 2022

BlackRock reports profit pullback, affirms ESG commitment

BlackRock’s ESG policies, which have put it in the middle of a tug-of-war in U.S. politics, are providing investors with a range of options, the asset manager said.

By Grace Noto • Oct. 13, 2022

FASB votes for fair-value crypto fix

The FASB’s tentative decision Wednesday is an important step toward providing an answer to the crypto valuation question companies and other stakeholders have been clamoring for.

By Maura Webber Sadovi • Oct. 13, 2022

Recession to start this quarter: Fannie Mae

Rising interest rates are undercutting economic growth and increasing the risk of a financial crisis in coming quarters, according to Fannie Mae economists.

By Jim Tyson • Oct. 12, 2022

Think before ditching retiree healthcare benefits

The cost of traditional retiree healthcare coverage is about $1,000 monthly for those not yet eligible for Medicare, according to Trevis Parson, chief actuary at WTW.

By Maura Webber Sadovi • Oct. 11, 2022