Latest News

As economic conditions grow more unpredictable and business models become increasingly complex, CFOs must act quickly. Financial planning and analysis (FP&A) teams are evolving to meet these challenges, shifting from static reporting to dynamic forecasting, agile planning, and data-driven decision-making...

The Coca-Cola Foundation, alongside its partners, is making significant progress in addressing global water challenges. Through initiatives spanning from the Himalayas to California, the company is actively working to restore and protect vital water sources in communities and ecosystems. With a focus on sustainable water use, Coca-Cola has made a remarkable impact, returning more than 100% of the water used in its finished beverages back to nature and communities...

CFOs are dialing down growth expectations as trade policy volatility weighs heavily on financial strategy and decision-making. According to the latest CNBC CFO Council survey, 60% of finance leaders expect a recession by year-end, while another 15% believe it will hit in 2026. The shift in sentiment is striking. Just one quarter ago, only 7% forecasted a recession for 2025...

The Conference Board analysis suggests consumer spending likely declined in Q1 2025, marking the first contraction since the pandemic. After a 4% increase in Q4 2024, inflation-adjusted consumption is estimated to have fallen at an annualized rate of 0.2 percent. The shift signals mounting financial pressure on U.S. households as prices continue to rise and confidence erodes...

Private market fundraising is set for a strong rebound through 2025, with general partners (GPs) concentrating on private debt and growth equity to meet rising investor demand for diversification. A new CSC study shows that 81% of GPs expect continued momentum in private debt, while 84% foresee a fundraising surge in growth equity. CSC surveyed 300 GPs and 200 limited partners (LPs) across North America, Europe, the UK, and Asia Pacific...

Macy’s named Thomas Edwards as its new Chief Financial Officer to strengthen financial discipline and improve operational efficiency as part of its Bold New Chapter strategy. Edwards will assume the dual role of CFO and Chief Operating Officer on June 22, succeeding Adrian Mitchell, who will remain through June 21 to ensure a smooth handover. Edwards brings nearly four decades of leadership experience across retail, consumer goods, and hospitality...

Bain & Company has announced a renewed pledge to deliver $2 billion in pro bono consulting services by 2035, tripling its previous decade-long commitment. The milestone comes after the firm fulfilled its $1.1 billion goal, dedicating its strategic and operational expertise to nonprofits and public-sector organizations working on some of the world’s most pressing issues...

Deutsche Bank has announced the appointment of Raja Akram as its next Chief Financial Officer, marking a key step in its leadership evolution as the bank advances its long-term growth strategy. Akram, currently Deputy CFO at Morgan Stanley, will join the bank on October 1 and assume the CFO role following a brief transition. He succeeds James von Moltke, who will step down when his term ends in June 2026...

CFOs must take a proactive role in AI investments to ensure they align with financial objectives and deliver measurable returns. While CIOs focus on implementation, CFOs must oversee financial governance, ROI measurement, and strategic budgeting. However, a recent KPMG survey highlights a disconnect between these roles, which can impact decision-making and business performance...

Cognitive biases often go unnoticed in the decision-making process, yet they can significantly distort how resources are allocated and strategies are formed. For CFOs, the implications are far-reaching: biases like groupthink, confirmation bias, inertia, and loss aversion can subtly derail even the most well-intentioned plans. Groupthink, for example, can stifle dissent and limit perspective, while confirmation bias may lead teams to favor data that supports preexisting views rather than challenge assumptions...