Latest News

C-Suite leaders confront an ongoing challenge – steering their companies towards growth and profitability. PwC's 27th Annual Global CEO Survey unveils current trends and challenges, providing insights into strategies propelling successful businesses. To begin, one standout revelation emphasizes the pivotal role of cash flow forecasting in business planning...

The past year saw a remarkable $10 billion infusion of funding for generative AI startups, outpacing the general trend of venture capital cooling due to rising interest rates and recession risks. Notably, SoftBank Vision Fund, the world's largest tech-focused investment fund, has been actively investing in both pure-play AI companies and startups integrating AI into core operations...

CFOs in the private equity sector are evolving their approach to financial success by incorporating leading indicators into their analysis, moving beyond traditional lagging indicators. Saori Casey, who recently departed Apple to join Sonos as CFO, highlights the changing landscape for CFOs, especially in private equity, where sponsors closely scrutinize financial and performance metrics across diverse businesses...

Saori Casey, Apple's Vice President of Finance, is set to depart the tech giant to join Sonos as its Chief Financial Officer (CFO). Casey, who played a significant role in overseeing financial planning and investor relations at Apple, brings her extensive experience to Sonos, a leading smart speaker company...

The World Bank has forecasted a slowdown in U.S. economic growth to 1.6% in 2024, down from an estimated 2.5% in the previous year. The report attributes this deceleration to high interest rates affecting demand and a decline in government spending. The World Bank anticipates falling household savings, elevated borrowing costs, and a cooling labor market to dampen consumer spending, which typically contributes to nearly 70% of economic growth...

The U.S. Department of Labor has unveiled a final rule aimed at providing clearer guidelines for distinguishing between employees and independent contractors under the Fair Labor Standards Act (FLSA). This initiative is intended to combat the issue of employee misclassification, a problem that adversely affects workers' rights to minimum wage and overtime pay, contributes to wage theft, fosters unfair competition, and has broader economic repercussions...

UK Chief Financial Officers (CFOs) are expressing optimism about their businesses as they enter 2024, according to Deloitte's recent CFO survey. The sentiment among finance leaders has seen a second consecutive quarterly rise, with a net 11% of CFOs more optimistic about their business's financial prospects compared to three months ago...

CVS Health has officially appointed Tom Cowhey as its permanent Chief Financial Officer (CFO) following his interim role. Cowhey assumed the interim CFO position in October 2023, stepping in for Shawn Guertin, who served as CFO and president of health services. Guertin, who is on leave due to family health reasons, will formally depart CVS later this year...

As the role of CFOs continues to evolve, business travel remains a crucial element for connecting with stakeholders, building relationships, and collaborating with dispersed teams. In 2024, CFOs seeking to expand travel budgets should be attuned to shifting industry dynamics, according to a state of corporate travel report by expense travel and corporate card provider Navan...

A recent report suggests that the nation's largest defined benefit (DB) pension plans in the U.S. have achieved a remarkable turnaround, marking the first time since the 2008 financial crisis that their liabilities are fully funded. According to a Willis Towers Watson (WTW) analysis of the Fortune 1000 companies sponsoring DB pension plans, the aggregate funding status reached 100% by the end of 2023, a notable increase from 98% in 2022 and a substantial recovery from the 77% recorded in 2008...