Financial News and Analysis | CFO Dive
WEBArtificial intelligence may boost profit margins 2% over next five years: BofA. “Investors frequently overestimate the magnitude of tech disruption in the near term and underestimate it over the longer term,” Bank of America said. CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance ...
Huawei CFO takes second stint as chair amid reported ByteDance …
WEB2 days ago · The company reported a net profit of 87 billion yuan for the year. Meng’s second stint as chair, meanwhile, comes as Huawei looks to position itself as the dominant AI chip provider in its native China, as demand for chips that can power generative AI technologies and models soars. Revenue from AI semiconductors is expected to …
Fed’s Cook says ‘impressive’ AI innovation has yet to lift productivity
WEB2 days ago · Dive Brief: Recent ground-breaking innovation in artificial intelligence and other technology has yet to show signs of lifting productivity, Federal Reserve Governor Lisa Cook said Tuesday, as companies seeking business insights and efficiency gains channel billions of dollars into generative AI. “Although I share the view that AI could lift ...
2025 financial conference roundup - CFO Dive
WEB3 days ago · CFO Network USA. September 2025. Newark Liberty International Airport Marriott, Newark, New Jersey. The 2025 conference will focus on the changing role of the CFO, including such topics as how finance leaders can utilize emerging technologies and “drive transformation and growth as well as deliver value,” according to the event website.
3 CFOs gauge rate cut’s impact - CFO Dive
WEB2 days ago · Other finance chiefs looked past the single cut to its broader slower-rolling impact on longer-term strategies, while also taking comfort in what they saw as a new lower-rate era signaled by the Fed’s projection that the federal funds rate will drop to 3.4% next year and 2.9% in 2026. “If you look at the dot plot at the end of this year and ...
Costco CFO targets lower prices amid ‘effectively flat’ inflation
WEB6 days ago · In general, Costco tends to price lower than competitors because it sells products in bulk quantities and controls costs, Rohr said in an email response to CFO Dive questions. For example, its selling, general and administrative expenses are about 9% of sales, whereas that ratio for such companies as Walmart and Target is about 20%.
Powell says Fed policymakers not ‘in a hurry’ to cut interest rates
WEB3 days ago · Dive Insight: FOMC policymakers on Sept. 18 cut the federal funds rate by a half percentage point to a range between 4.75% and 5% and, along with other central bank officials, forecast reductions in the rate to 4.4% by December and to 3.4% by the end of next year, according to their median projections. Fed Governor Michelle Bowman, the sole dissenter from the FOMC decision, reiterated Monday ...
Financial News and Analysis | CFO Dive
WEBSEC charges Kubient CEO, CFO with accounting fraud, misleading investors Kubient’s ex-CEO, ex-CFO and former head of audit each lied to the business’ independent auditor and reported $1.3 million in false revenue, the SEC alleges.
Financial Reporting News - CFO Dive
WEBSep 25, 2024 · Dollar General CFO cites inflation, cost pressures as shares slump. “The customer will continue to feel financial pressure for the duration of the year,” CFO Kelly Dilts said on the company’s second quarter earnings call. By Suman Bhattacharyya • Aug. 30, 2024. The latest financial reporting news for CFOs.
Deep Dive | CFO Dive
WEBMay 21, 2024 · Seeking ‘Goldilocks’: 5 CFO trends for 2024. Financial executives in the new year must protect profits by adapting to trends ranging from falling price pressures and borrowing costs to federal disclosures on carbon emissions. Jim Tyson • Jan. 9, 2024.