Treasury
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Trump’s 10% tariff would annually harm households by at least $1,700: AAF
Damage from a sweeping tariff would spread beyond the U.S., “threatening key relationships with allies and inviting a global trade war,” AAF said.
By Jim Tyson • June 26, 2024 -
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Consumer confidence falls amid sagging income, business expectations
“Signs of strain continue to emerge among consumers with low-to-moderate incomes,” Federal Reserve Governor Lisa Cook said Tuesday.
By Jim Tyson • June 25, 2024 -
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TrendlineWorkforce wages: 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 Cneche staff -
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Supreme Court ruling douses repatriation tax refund hopes
The court affirmed the constitutionality of the one-time Mandatory Repatriation Tax on income from investments in foreign corporations.
By Maura Webber Sadovi • June 24, 2024 -
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Restatements decline, with small companies more prone to error: CAQ
The Sarbanes-Oxley Act of 2002 prompted a long-term reduction in restatements by tightening financial reporting and audit rules, CAQ said.
By Jim Tyson • June 24, 2024 -
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Role clarity is key to fractional CFO pay
Contract finance executives must understand the services they truly offer in order to charge — and be paid — what they’re worth, Joe Woodard said Sunday at his firm’s accounting tech conference.
By Chris Gaetano • June 21, 2024 -
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Homebuilding sags to four-year low, stifled by higher-for-longer rates
Mortgage activity last month slumped 8.5% compared with April and 7.3% compared with May 2023, Freddie Mac said Thursday.
By Jim Tyson • June 20, 2024 -
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IRS aims to end ‘shell game’ by partnerships, targets $50B extra in taxes
Tax dodging by complex partnerships “has been overlooked for more than a decade,” IRS Commissioner Daniel Werfel said Monday.
By Jim Tyson • June 17, 2024 -
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In-house counsel compensation rose 4%, in line with inflation
Median compensation for in-house counsel rose modestly this year as the incidence of signing bonuses declined.
By Justin Bachman • June 14, 2024 -
Courtesy of FASB
FASB’s environmental credit rules recall crypto debate
Like crypto rules FASB recently finalized, the environmental credit accounting standards would provide specific guidance where GAAP is currently silent.
By Maura Webber Sadovi • June 13, 2024 -
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Fed trims 2024 rate forecast to one cut, holds borrowing costs steady
The Fed decision followed a report that inflation last month rose less than economists predicted and at the slowest pace since 2021.
By Jim Tyson • June 12, 2024 -
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Small business uncertainty rises as Fed mulls ‘higher-for-longer’ rates
Fed officials in a meeting Wednesday will likely downgrade from three to two their median projection for the number of quarter-point cuts in the federal funds rate this year, according to futures traders and economists.
By Jim Tyson • June 11, 2024 -
Courtesy of Pat Dorsman for FAF
FASB seeks comment on narrow hedge accounting fix
Despite a unanimous vote, some board members expressed concern the proposed improvements to GAAP hedging guidance do not go far enough.
By Maura Webber Sadovi • June 5, 2024 -
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Forecasts for Fed rate cuts probably too optimistic, Summers says
“I don’t think we’re on a convincing trajectory to the 2% inflation target” set by the Federal Reserve, Former Treasury Secretary Larry Summers said.
By Jim Tyson • June 4, 2024 -
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Most M&A buyers would pay 3% extra for a company with a good ESG profile
ESG is playing a bigger role in dealmaking than ever before, Deloitte said.
By Jim Tyson • June 3, 2024 -
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NY Fed President Williams forecasts hitting 2% inflation goal in 2026
Price pressures will likely fall during the second half of 2024 as demand declines into better balance with supply, Williams said.
By Jim Tyson • May 30, 2024 -
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‘Worst’ yet to come for commercial real estate: Conference Board
Many banks have pursued a policy of “extend and pretend” to avoid writing off troubled commercial real estate loans, according to a Conference Board economist.
By Jim Tyson • May 29, 2024 -
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‘Higher-for-longer’ rates saddle companies with $381B in added costs
"The new higher-interest-rate environment might trigger a decaffeinated repeat of the 2008 financial crisis,” according to a partner at Baringa.
By Jim Tyson • May 28, 2024 -
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Gensler slams crypto after House passes bill opening ‘regulatory gaps’
A growing number of companies in the U.S. and elsewhere have turned to digital assets as an alternative to conventional currencies, according to Deloitte.
By Jim Tyson • May 24, 2024 -
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Economists bump up 2024 core PCE inflation forecast to 2.7%: NABE
Fed officials reiterated Monday that before trimming borrowing costs they need more confidence that price pressures will steadily decline.
By Jim Tyson • May 20, 2024 -
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GDP growth to sink below 1% amid ‘serious headwinds’: Conference Board
Several recent signals from the economy suggest that the expansion is slowing after defying recession predictions in 2023.
By Jim Tyson • May 17, 2024 -
Courtesy of Kyriba
First-time CFO looks to sharpen Kyriba’s FP&A approach
Adam Drew in March became the San Diego, California-based treasury and finance platform provider’s first permanent CFO in more than a year.
By Maura Webber Sadovi • May 16, 2024 -
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Inflation cools, reassuring Fed after unexpectedly hot gains in Q1
The yield on the benchmark 10-year Treasury note fell on investor speculation that slower inflation will prompt the Fed to sooner cut borrowing costs.
By Jim Tyson • May 15, 2024 -
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Powell sees longer inflation fight, ‘very small’ odds of Fed rate hike
“We have the highest interest rates in some time,” Powell said Tuesday. “The question is, ‘is it sufficiently restrictive?’”
By Jim Tyson • May 14, 2024 -
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Cybersecurity ops budgets expected to climb: KPMG
The average annual budget for SOCs — a one-stop shop for managing cyber threats — is $14.6 million, according to a KPMG survey of large firms.
By Maura Webber Sadovi • May 14, 2024 -
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Inflation to slow, settling close to Fed target in 2025: Wolters Kluwer
The forecast that price pressures will fall aligns with a 13% decline this month in sentiment among consumers, who fuel roughly 70% of economic growth.
By Jim Tyson • May 10, 2024
