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CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance industry.
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News
FTC offers businesses new path to clarify rules
3+ day, 9+ hour ago (259+ words) The process will let businesses raise questions about ambiguous or conflicting FTC rules, with the potential for responses published as agency guidance. Businesses will submit their queries via a form that will route the question to appropriate staff, the FTC…...
Lyft insider to take CFO seat amid robotaxi push
4+ day, 9+ hour ago (654+ words) Michael Brous will look to build forward on CFO Erin Brewer’s “fantastic foundation” in assuming the rideshare’s top finance seat later this month, he said. Brous, 39, joined the rideshare company in 2018 through its acquisition of Motivate — the world’s largest “bikeshare…...
SBA draws fire with plan to allow bigger firms to win federal contracts
4+ day, 10+ hour ago (542+ words) Levels for eligibility will rise tenfold or more in professional services, information technology, engineering and other business categories, an attorney at Schwabe, Williamson & Wyatt said. By expanding contract eligibility, the Trump administration aims “to reward growth rather than force successful…...
Inflation, weaker sales erode small business optimism: NFIB survey
5+ day, 10+ hour ago (449+ words) The U.S.-Iran war “has escalated the cost of energy, which raises the price of almost everything,” the National Federation of Independent Business said. Job market health is also a top concern among U.S. consumers, the Federal Reserve Bank of…...
Bally’s CFO resigns weeks after going concern warning
1+ week, 2+ day ago (350+ words) To boost its liquidity, the casino operator said in August that it was exploring selling assets, an equity sale and debt financings. The casino operator is facing a cash crunch. Last month, Bally’s included a going concern warning in its…...
Services sector expands faster than forecast: ISM survey
1+ week, 3+ day ago (478+ words) Strength in the services sector bolsters forecasts that the U.S. economy will expand slightly more than 2% this year, Federal Reserve Governor Christopher Waller said. The increase in the ISM’s services sector PMI for July signaled solid, multi-month growth in U.S. business…...
Job openings inch up as hiring slows, affirming labor market stability
1+ week, 5+ day ago (482+ words) Steady employment gives the Federal Reserve some leeway to raise the federal funds rate should inflation fail to fall toward their 2% target. Provided by Ford Motor Co. The steady job market and signs of healthy economic growth give Fed policymakers…...
Inflation holds steady, giving Fed room to leave main rate unchanged
2+ week, 4+ day ago (404+ words) Three central bank policymakers concerned about inflation dissented against a decision last month to leave the federal funds rate unchanged. They called for a quarter-point increase in the main rate from the current level between 3.5% and 3.75%. During the July 28-29 policy…...
Consumer confidence wanes on dimming view of jobs, incomes, business
2+ week, 5+ day ago (391+ words) Most consumers expect higher inflation and anticipate that interest rates will rise in the next 12 months, The Conference Board said. The yield on the 10-year Treasury note — the benchmark for mortgages and other consumer loans — has increased from 4.19% at the…...