DIRS.INFO The most relevant business & tech news

☆ Global Sustainability Disclosure Rules Go Live. CFOs Watch for What’s Next.
▼ + stars: | 2023-07-11 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/global-sustainability-disclosure-rules-go-live-cfos-watch-for-whats-next-dee5fbff

Persons: Dow Jones, dee5fbff

☆ With A.I., top CFOs are more likely to see it as a job destroyer
▼ + stars: | 2023-06-30 | by ( Ian Thomas | ) www.cnbc.com time to read: +3 min

But given the choice of potential futures, just 18% of CFOs say they see AI as a job creator. But given the same choice as CFOs making the financial and cost decisions for companies, tech executives are the ones more likely to have an optimistic view. Another 18% said their firms are planning no new AI investments. For tech executives, AI is the clear priority. "My first reaction was one of horror," Higgins said of the 18% of CFO respondents who said their firms are planning no new AI investments.

Persons: CFOs, Matt Higgins, CNBC's, Higgins Organizations: Workers, CNBC, SurveyMonkey, CNBC Technology, RSE Ventures

☆ 12 of the highest-paying jobs in finance
▼ + stars: | 2023-06-29 | by ( ) www.businessinsider.com time to read: +13 min

Getty Images/Peter DazeleyThe finance industry has many high-paying jobs such as chief financial officer, and investment banker. The finance industry is brimming with high-paying, excellent jobs, whether you want to become an accountant, financial analyst or something else entirely. Financial risk managerFinancial risk managers have very important jobs: they help companies and investors understand different levels of financial risk. As high-earning financial professionals, their financial modeling and financial reports are invaluable to the finance sector at large. Most finance professionals in this position have years of experience.

Persons: Peter Dazeley, CPAs Organizations: Getty, Morning, U.S . Bureau of Labor Statistics . Investment, Investment, Financial

☆ More bullish on Dow, but not on a soft landing for economy: CNBC CFO survey
▼ + stars: | 2023-06-29 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +6 min

Now, just over half expect a recession to hit in 2024 – 36% saying it will begin in the first half of the year. And while U.S. consumer spending and credit has remained relatively strong, CFOs rate consumer demand (18%) as the next biggest risk. 1 risk, the factor moving up the most in the results, while the risk of Fed policy declined quarter over quarter. The quarterly CNBC CFO Council Survey was conducted among roughly one-quarter of the 100-plus CFO members from June 16–June 26. Thirty-seven percent of CFOs expect the 10-year yield to be 4% or higher.

Persons: CFOs, Milton Friedman, Jerome Powell, Powell Organizations: Dow Jones, CNBC, Fed, Dow, Survey Locations: CFOs, New York City

☆ CFOs Are Hanging On to Expanded Corporate Jet Perks
▼ + stars: | 2023-06-21 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/cfos-are-hanging-on-to-expanded-corporate-jet-perks-1f2e1005

Persons: Dow Jones

☆ Being CMO at Indeed is truly my dream job, and it's highly complex. Here are some of the ways I keep myself and my team on track
▼ + stars: | 2023-06-20 | by ( ) www.businessinsider.com time to read: +7 min

After a weird and winding career path, I finally landed my dream job as chief marketing officer at Indeed. The CMO role is demanding and requires that I stay on top of current events, technology, and our business needs. After running product marketing for a division of Apple, I moved on to lead various parts of B2B marketing for Facebook. Now I have my dream job; I'm CMO of Indeed, a leading matching and hiring platform. Our mission is to help people get jobs – and we do that all day, every day.

Persons: Roe, Wade Organizations: Apple, Facebook, Get, CMO Locations: North America, Covid, CFOs

☆ The message top corporate CFOs are sending directly to Fed presidents isn't a bullish one
▼ + stars: | 2023-06-13 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +9 min

The Fed remains focused on the labor market and cooling wage growth while raising unemployment as the key to bringing hot services inflation down. "I shared with him [a regional Fed president] that they should stop, not pause," said another CFO on the call. "The consumer is being smart," the CFO said, but the Fed focus on bringing unemployment up can break the consumer. "I gave this message to him [a Fed president]: we can manage through this with unemployment below 4%." CFOs said the labor market remains tight and the wage gains, while slowing, have created a higher wage base which can't be turned back.

Persons: Jerome Powell, Drew Angerer, That's, Wall, Randy Kroszner, CFOs, Sara Eisen, Kroszner, it's Organizations: Federal Reserve, Federal, Market, Fed, CNBC, CNBC Fed Survey, Chatham House, Corporations, University of Chicago Booth School of Business Locations: Washington ,

☆ Japan optimism has been fueled by 'game-changing' reforms and Warren Buffett: Here's what you need to know
▼ + stars: | 2023-06-13 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

The Tokyo Exchange Group recently finalized its market restructuring rules. Warren Buffett's bullish calls on Japanese equities has also helped boost confidence among foreign investors. It could in turn lead to a domino effect among other Japanese companies once the big players start to make changes. Corporate governance is the "third arrow" of the three core tenets of Abenomics — monetary easing and fiscal stimulus are the other two. Buffett's May disclosures helped spur 10 straight weeks of net foreign purchases of Japanese equities.

Persons: Richard A, Brooks, Oliver Lee, Warren Buffett's bullish, —, Yunosuke Ikeda, Nomura's Ikeda, Shinzo Abe, Warren, Berkshire, Asli, Shuntaro Takeuchi, Matthews Asia, Buffett, Berkshire Hathaway, that's, Matthews Asia's Takeuchi, We're, Oliver Lee Eastspring, Eastspring's Lee Organizations: Afp, Getty, Nikkei, Tokyo Stock Exchange, Tokyo Exchange Group, CNBC, Tokyo bourse, Berkshire Hathaway, Kyoto, Investing, Buffett, Foreigners, Japan Ministry of Finance, Kyoto University's Graduate School of Management, Graduate School of Economics, Mitsui & Co, Hitachi Locations: Japan, Tokyo, Singapore, Abenomics, San Francisco

☆ Here are Thursday's biggest analyst calls: Amazon, Apple, GameStop, T-Mobile, Skechers, Lowe's & more
▼ + stars: | 2023-06-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Jefferies downgrades Las Vegas Sands and Wynn to hold from buy Jefferies downgraded several casino stocks, mainly on valuation. Jefferies reiterates Apple as buy Jefferies said it stands by its buy rating on the Mac maker but that it's concerned about the lack of social experience with Apple's VR technology. Jefferies reiterates GameStop as hold Jefferies said the revolving door of GameStop executives is "more of the same" for the company. Skechers is the world's 3rd largest footwear brand and an underappreciated growth stock, in our view." Bank of America reiterates Lowe's as a buy Bank of America said investors should buy the stock "when the market is fearful."

Persons: Wells, Jefferies, Wynn, WYNN, LVS, Oppenheimer, Apple, Wolfe, Goldman Sachs, Salesforce, Goldman, Morgan Stanley, Skechers, Lowe's, Bernstein Organizations: Vegas Sands, Citi, Apple, VR, GameStop, Mobile, Smart, Rio Tinto, UBS, Amazon, Carrier, Bank of America, of America, NextEra Energy, Xcel Energy, American Electric Power, Barclays, FedEx Locations: Vegas, Rio, China, 2023E

June 8 (Reuters) - GameStop (GME.N) sank nearly 20% on Thursday and was set for its worst session in two years after the surprise exit of a CEO handpicked to lead its online expansion fanned concerns about the videogame retailer's ailing business. The ousting of former Amazon.com executive Matt Furlong came alongside top shareholder Ryan Cohen's appointment as the executive chairman of a company that he turned into a favorite of meme-stock traders with promises of a digital pivot. Over the last 5 years, GameStop has had 5 CEOs and 3 CFOs." The company's shares have dropped nearly 80% from the $120.75 peak they hit during that meme-stock saga of 2021. "The lack of a clear direction and the callous termination of Furlong all but ensures Cohen will have difficulty attracting a qualified replacement."

Persons: Matt Furlong, Ryan Cohen's, Andrew Uerkwitz, Jefferies, Michael Pachter, Furlong, Cohen, Akash Sriram, Devika Organizations: GameStop, Wedbush Securities, Thomson Locations: Bengaluru

☆ Corporate ESG Requirements Are About to Ramp Up. Here’s How CFOs Can Prepare.
▼ + stars: | 2023-06-04 | by ( Anna Mutoh | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/corporate-esg-requirements-are-about-to-ramp-up-heres-how-cfos-can-prepare-1113a8d2

Persons: Dow Jones

In their joint venture agreement, Baker Hughes says it uses C3.ai's solutions and also sells the product to companies in the oil and gas industry. CNBC's "Last Call" aired a report Thursday night on the investor lawsuit against C3.ai and the company's relationship with Baker Hughes. The lawsuit says the publicity about the massive Baker Hughes sales force "artificially inflated C3's stock" when the company first went public. Richard Drew | APIn an April 2023 filing, Baker Hughes announced it divested 1.7 million C3.ai shares, bringing its ownership to 6.9 million shares. Kerrisdale pointed to C3.ai's "highly conspicuous growth" in unbilled receivables, largely from Baker Hughes, and wrote that "accounting red flags abound with the Baker Hughes relationship."

Persons: Tom Siebel, Siebel, Thomas M, Chris J, Ratcliffe, it's, Baker Hughes, Logan Roy, Larry Ellison, Yasmin Khorram, Dan Brennan, We've, Brennan, he's, CNBC's, Reed Kathrein, Theranos, —, Kathrein, Richard Drew, they'd, unbilled, receivables, Siebel's, Ken Goldman, Goldman, Gil Luria, Davidson, Luria, Nick Wells, Scott Zamost, Sam Woodward, Tom Siebel's Organizations: Siebel Systems, Oracle, Bloomberg Tech Summit, Bloomberg, Getty, CNBC, Forbes, Siebel, C3, U.S . Department of Defense, Shell, Northern District of, SEC, Twitter, " Traders, New York Stock Exchange, AP, Point Capital Management, Spotify, C3 Energy, Revenue, Wall Locations: London, Redwood City , CA, Redwood City , California, Northern District, Northern District of California, unbilled receivables, Point

☆ CFOs Gird for Default Disruptions if Debt-Ceiling Talks Fail
▼ + stars: | 2023-05-19 | by ( Mark Maurer | Jennifer Williams-Alvarez | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/cfos-gird-for-default-disruptions-if-debt-ceiling-talks-fail-ca83ca88

☆ Problems are mounting in the economy, big companies say, and another Fed rate hike may be one too many
▼ + stars: | 2023-05-03 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +8 min

While that's good for them, it also means "we're definitely moving towards a slowdown," one CFO said. "They are trying to fight a problem but there's evidence around the U.S. that says the economy is slowing. One concern voiced by CFOs is that the top end of the consumer market has been masking deeper problems in the economy, with companies tracking a rise in credit delinquencies, and that is now starting to spread. But inside major corporations, executives say they see signs of mounting trouble for the economy and as another interest rate hike looms, it may be time for the Fed to stop. While traders are betting on rate cuts before year-end, the CNBC Fed Survey shows a belief from economists and money managers that the Fed will hold rates higher for eight months.

☆ CFOs Carefully Consider How to Bring Generative AI Into the Finance Function
▼ + stars: | 2023-04-29 | by ( Ben Ashwell | ) www.wsj.com time to read: 1 min

Technology company HP Inc. is digging into how generative AI could drive greater productivity across the whole company. Photo: Justin Sullivan/Getty ImagesWhile generative AI has yet to have an impact on corporate finance functions, it could soon be contributing to some investor relations, pricing and corporate strategy decisions, according to panelists at a Wall Street Journal CFO Network online event. Generative AI is already making its way into marketing, IT and human resources departments and some finance executives—who tend to be more risk-averse when it comes to adopting new technologies—are also exploring the potential use cases. Generative AI is a type of artificial intelligence that can create text, images or other media based on user text prompts.

☆ CFOs Focus on Building Resilient Supply Chains, Even as Pandemic Disruptions Fade
▼ + stars: | 2023-04-26 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +1 min

An uncertain economic environment means third parties in Conagra’s supply chain sometimes require extra assistance. Photo: Justen Williams for The Wall Street JournalAs if finance chiefs didn’t have enough on their plates before the pandemic, surging shipping costs, freight logjams and factory disruptions in China over the past few years have laid bare their need to adapt and step up their involvement in boosting supply-chain resilience. “Supply chain is obviously always an important part for us,” said Conagra Brands Inc. Chief Financial Officer Dave Marberger . At roughly $9 billion, it is the single biggest line item when looking at the cost of goods sold for the Chicago-based food manufacturer, which makes Hunt’s ketchup, Healthy Choice frozen meals and Slim Jim meat sticks. “But obviously with Covid and the significant impact it’s had on supply chain, it’s been even more of a priority for me.”

☆ AI Is Heading to the Finance Function. Here’s How Risk-Averse CFOs Can Adapt.
▼ + stars: | 2023-04-18 | by ( Anna Mutoh | ) www.wsj.com time to read: 1 min

Bank of America’s CashPro app uses machine-learning technology for financial-scenario forecasting. For risk-averse accountants and chief financial officers, change can be hard. But artificial intelligence and other advanced technologies are coming, and financial officers who don’t adapt may find themselves left behind. This is especially true when the technology is moving faster than regulation. “There will need to be guardrails and CFOs would like to see where information is being shared,” Mr. Corson said.

☆ CFOs remain cautious on the market, economy: CNBC survey
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCFOs remain cautious on the market, economy: CNBC surveyMembers of the CNBC CFO Council are not convinced a new bull market is around the corner or that the economy can escape a recession over the next year, according to the latest quarterly survey of member CFOs.

☆ If it's the start of a new bull market, CFOs aren't buying it
▼ + stars: | 2023-04-04 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

Even fewer CFOs this quarter rate the chances of a new high in the Dow (under 15%) as being more likely than a fall back below 30,000 (57%) of CFOs. There was elevated uncertainty within this C-suite group versus the prior quarterly survey, with nearly one-third saying they don't have conviction about the next trend in stocks. In the previous survey, CFOs were evenly split — roughly 40% in each camp — on whether the recession would begin during the first half or second half of this year. More CFOs believe inflation has peaked – that finding has moved higher across three consecutive quarterly surveys, from under 50% to roughly 75% now. More than half of CFOs predict that inflation will not return to 2% until 2025.

In this article CTRN Follow your favorite stocks CREATE FREE ACCOUNTCommuters exit a Wall Street subway station near the New York Stock Exchange (NYSE) in New York, US. Yet, even as layoffs in tech and beyond mount, employees are pushing back against leaders who issue return-to-office mandates. Companies that look to recreate a pre-pandemic way of working are going to be left behind when it comes to keeping and attracting the best talent. At the CFO meeting, she told a majority male group of finance leaders to look around the room. And believe me, if being in the office was going to work to get more women and people of color promoted, it would have happened already.

☆ What do AI art generators think a CEO looks like? Most of the time a white guy
▼ + stars: | 2023-03-28 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

New research suggests that AI image generators reflect racial and gender bias in their outputs. AI tool DALL-E 2 was found to link white men with 'CEO' or 'director' 97% of the time. The study found 97% of DALL-E 2's images of positions of authority — like "CEO" or "director" — depicted white men. These biases can have real-world consequences now that image companies are launching their own generative AI tools, per the researchers. Even though AI companies have made efforts to "debias" their tools, "they have yet to be extensively tested," Luccioni said.

☆ I'm a SVB employee who lost more than $1 million. Here's the inside story of our struggle to survive.
▼ + stars: | 2023-03-25 | by ( Darius Rafieyan | Mattathias Schwartz | ) www.businessinsider.com time to read: +9 min

The best case outcome — which I think is unlikely, given the brand tarnishing — is that we operate as a wholly-owned subsidiary. We spent a whole weekend on the phone, email, chat, any sort of way to get in touch with the VC firms, partners of the VC firms, operating partners, CFOs, anybody we could to try and get them to rally. Originally there was a list of 13 VC firms, which said they were willing to sign a statement saying that they supported us. We spent a whole weekend on the phone, email, chat, any sort of way to get in touch with the VC firms, partners of the VC firms, operating partners, CFOs, anybody we could to try and get them to rally. Whether you've raised $5 million or you've raised $500 million, you have a dedicated person.

☆ How credit-card points travel advisor build their businesses and give advice
▼ + stars: | 2023-03-20 | by ( Kaila Yu | ) www.businessinsider.com time to read: +5 min

What are credit card points travel awards? Travel advisors like Do offer consultations to teach clients about maximizing hotel points and airline miles earned for travel. Why hire a credit card points travel advisor? Grossman also creates consulting plans for CFOs of small businesses to maximize credit card points — this service can run into thousands of dollars. Savanti Travel works with small to medium businesses on points and miles travel redemption strategies, and uses a subscription model on a minimum retainer of about $3,000 bucks a month.

☆ CFOs Warily Watch—and Wait—for an Acceleration in Fed Interest-Rate Hikes
▼ + stars: | 2023-03-09 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +1 min

For some finance chiefs of companies such as auto retailer Sonic Automotive Inc., the possibility that the Fed will raise interest rates by a larger half-percentage-point later this month comes as little surprise given that consumer spending remains strong and hiring continues to be robust. The Federal Reserve stands ready to accelerate interest-rate hikes to combat inflation, central bank Chair Jerome Powell said in congressional testimony the past two days. Some finance chiefs who are already pushing their companies to do more with less amid rising costs said they are closely monitoring the impact of what comes next. Mr. Powell’s comments, delivered during semiannual hearings before Senate and House panels, open up the possibility that a larger half-point interest rate increase may be in store when Fed officials meet for their two-day policy meeting March 21-22. “The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated,” he told the Senate Banking Committee on Tuesday.

☆ Corporate CFOs are going through their own 'Great Resignation'
▼ + stars: | 2023-02-28 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

That figure is even higher for EMEA- and APAC-based finance execs, with 73% and 61%, respectively, saying that the average CFO tenure was under five years. An analysis of 679 Fortune 500 and S&P 500 companies in 2022 by Crist Kolder Associates also found that average CFO tenure is on the decline, at five years. The pre-2022 IPO and funding boom has likely increased CFO turnover as new opportunities arose more frequently. Gutzeit says the current economic environment, with increasing layoffs and corporate restructuring, should influence more CFOs to stay put. She expects a slight decline in CFO turnover as "people are going to be more cautious about where they're going and what is changing."

Search resuls for: "CFOs"

25 mentions found