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

SPAC backing Trump media delays merger vote

Digital World seeks time to gain formal SEC approval for its tie-up with Trump’s media company as the agency investigates potential illegal behavior in their merger negotiations.

By Jim Tyson • Oct. 11, 2022

Strong dollar slams companies’ Q3 earnings

Rising interest rates in the U.S. and market volatility may sustain demand for the dollar, which has soared 18% against a basket of currencies in 2022.

By Jim Tyson • Oct. 10, 2022

EY in ‘dialogue’ with IRS on split-off divestitures

As financial report preparers are beginning to grapple with the ramifications of the new 15% corporate minimum tax, the split-off issue is emerging as a flashpoint.

By Maura Webber Sadovi • Oct. 7, 2022

FSOC crafts committee for climate-related financial risks

The FSOC said its new committee will focus on gathering information and analyzing climate-related financial risks.

By Grace Noto • Oct. 4, 2022

US IPOs plunge 74% year to date: EY

A recovery in IPOs hinges on renewed equity market stability as well as offerings that are reasonably valued and based on “scalable” infrastructure, EY’s Rachel Gerring said.

By Jim Tyson • Sept. 30, 2022

More CFOs grappling with ‘abnormally large’ rise in costs: Richmond Fed

The share of CFOs who view financing conditions as unfavorable doubled compared with results in a second-quarter survey, the Richmond Fed said.

By Jim Tyson • Sept. 28, 2022

US faces risk of long stagflation struggle: Moody’s

The odds of recession will rise if inflation fails to steadily fall toward the Federal Reserve’s 2% target, according to Moody’s Analytics.

By Jim Tyson • Sept. 26, 2022

SEC committee calls for FASB reform

FASB’s slow rule-making process can have negative consequences for investors and financial executives, the SEC’s report asserts.

By Maura Webber Sadovi • Sept. 26, 2022

Fed redoubles inflation fight, raising main rate 75 basis points

Fed officials raised their projections for inflation and unemployment while marking down their forecasts for economic growth.

By Jim Tyson • Sept. 21, 2022

Fed tightening deepens housing recession

Record home prices, mounting construction costs and a Fed-spurred rise in mortgage rates have worsened a downturn in housing, homebuilders said.

By Jim Tyson • Sept. 20, 2022

Recession likely from Q4 through Q1 2023, Conference Board says

Fed tightening, stubbornly high inflation and a slump in consumer spending will probably trigger a downturn during the fourth quarter, the Conference Board said.

By Jim Tyson • Sept. 16, 2022

Slowing economy could mean boost for budget-friendly litigation finance

The appeal of litigation finance — which has evolved into a $17 billion business — could rise in a slowing economy as investors warm to non-correlated assets.

By Maura Webber Sadovi • Sept. 15, 2022

Producer prices show inflation spreading

Rising costs for transportation and other services suggest that inflation is gaining strength across the economy.

By Jim Tyson • Sept. 14, 2022

High inflation persists, bolstering case for forceful Fed tightening

Price gains during August for rent and other services exceeded forecasts, eroding hopes that the Federal Reserve will slow its campaign to curb demand.

By Jim Tyson • Sept. 13, 2022

Recession likely in 2023, Fitch says

Cuts to estimates for earnings growth underscore the growing risk of a U.S. downturn next year, Fitch Ratings said.

By Jim Tyson • Sept. 12, 2022

Gensler: securities laws cover ‘vast majority’ of crypto tokens

The SEC’s Gary Gensler signaled he would cooperate with the Commodity Futures Trading Commission to the extent that “it needs greater authorities with which to oversee and regulate crypto non-security tokens.”

By Maura Webber Sadovi • Sept. 8, 2022

Bankruptcies fall during first half of 2022 yet risks loom

Factors such as rising borrowing costs may fuel a rise in bankruptcy filings after a decline during the first half of 2022, Cornerstone Research said.

By Jim Tyson • Sept. 7, 2022

Q3 earnings estimates cut ‘more than average’: FactSet

S&P 500 companies for the second quarter reported their lowest growth in earnings on an annual basis since the fourth quarter of 2020, FactSet said. 

By Jim Tyson • Sept. 6, 2022

Cybersecurity firm ExtraHop names new CFO

ExtraHop appointed Mike Parson as its new CFO, one of a series of new C-suite leaders named as the company seeks to scale up.

By Elizabeth Flood • Sept. 2, 2022

Fed’s Williams sees inflation falling to 2.5% to 3% next year

The Federal Reserve must interpret several “crosscurrents” in the economy as it fulfills its pledge to curb inflation to 2%, according to the president of the New York Fed.

By Jim Tyson • Aug. 30, 2022

Six CFO tips for defanging inflation: Deloitte

While most CFOs have never faced the high price pressures of today, they can take steps to blunt the harm to their companies from inflation, Deloitte said.

By Jim Tyson • Aug. 26, 2022

U.S. companies face ‘growing risk’ to profit margins: Fitch

Many CFOs during the second quarter were apparently able to pass on to consumers the rising cost of labor and materials. That may not last, Fitch Ratings said.

By Jim Tyson • Aug. 25, 2022

Fitch sees ‘modest’ tax headwind from Inflation Reduction Act

Fitch’s assessment comes as CFOs, accountants and tax-preparers are just beginning to grapple with the Inflation Reduction Act’s tax implications.  

By Maura Webber Sadovi • Aug. 24, 2022

Fed unlikely to avoid recession: economists

Almost 50% of economists believe a downturn will begin by the first quarter of 2023, the National Association for Business Economics found in a survey.

By Jim Tyson • Aug. 22, 2022