CFO News Room

FEBRUARY 3, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the SEC has issued a risk alert outlining Reg BI-related deficiencies discovered during recent examinations of broker-dealers, from dual-registered advisors not clearly communicating whether they were acting as a commission-based broker or a fee-based investment adviser to firms failing to update their training and compliance systems to meet the requirements of Reg B

Education 130

Education Compliance Communication Investments 130

CFO News Room

FEBRUARY 3, 2023

I wrote about my most recent valuation of Tesla just over a week ago , and as has always been the case when I value this company, I have heard from both sides of the Tesla divide. Some of you believe that I am being far too generous in my forecasts of revenues and profitability for a company that is facing significant competition, as it pursues growth, especially with questions about who’s in charge of the company.

Valuation 130

Valuation Investments Forecasting Numbers 130

CFO News Room

FEBRUARY 3, 2023

Employers regularly employ illegal tactics to suppress unions. An analysis of the latest government data on unfair labor practice charges and union elections shows that employers were charged with violating federal labor law in nearly 40% of elections—everything from firing to retaliation to changing work terms. The data don’t show the extent of employer aggression because missing from the numbers are attempts by management to suppress unionization before workers even get a chance to hold an ele

Numbers 130

Numbers Economics 130

CFO News Room

FEBRUARY 3, 2023

Workers load packages into Amazon Rivian Electric trucks at an Amazon facility in Poway, California, November 16, 2022. Sandy Huffaker | Reuters Check out the companies making headlines in midday trading. Amazon – The e-commerce giant’s stock tumbled 8.4% despite a revenue beat. Late Thursday, Amazon issued weaker-than-expected guidance for the current period.

Forecasting 130

Forecasting Marketing Banking Sales 130

CFO News Room

FEBRUARY 2, 2023

Workplace inclusion is not a static, one-off act of service. It’s an ever-evolving experience that requires the contribution of every employee — regardless of their level of seniority in the organization — to make each other feel included. To foster inclusion around you, form and regularly practice these seven inclusive behaviors until they become habitual and automatic.

Accounting 130

Accounting Planning 130

CFO News Room

FEBRUARY 2, 2023

Posted February 1, 2023 at 10:51 am by EPI Staff Job openings increased in December, but remain significantly lower than March 2022 peak Below, EPI senior economist Elise Gould offers her initial insights on today’s release of the Job Openings and Labor Turnover Survey (JOLTS) for December. Read the Twitter thread here. Job openings increased in the latest #JOLTS data for Dec 2022 as hires and separations edged up.

Benchmarking 130

Benchmarking Marketing Economics 130

CFO News Room

FEBRUARY 2, 2023

The Federal Open Market Committee raised its federal funds rate target by 25 basis points on Wednesday. It has raised its target by 450 basis points over the last year. In December, the median FOMC member projected the target would exceed 5 percent in 2023, but some think the Fed has already done enough to bring down inflation. Monetary policy was too loose for too long , driving up aggregate demand and causing the worst inflation in 40 years.

Economics 130

Economics Marketing Planning 130

CFO News Room

FEBRUARY 2, 2023

The Commission took issue with Meta’s pairing of Facebook Marketplace with its personal social network. Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Meta — The tech giant’s shares jumped 23.28%, marking its strongest day in nearly a decade. Late Wednesday, Meta reported revenue that topped analysts’ expectations and announced a $40 billion stock buyback plan.

Banking 130

Banking Technology Planning Marketing 130

CFO News Room

FEBRUARY 1, 2023

As 2023 gets under way, newly reinstalled Disney CEO Bob Iger is navigating his proverbial “first 100 days” for the second time — although this time he’s limited to a two-year term. Starbucks will soon welcome a new CEO taking the reins from founder Howard Schultz, who’s on his fourth attempt at succession. These are the most recent vivid reminders that not only are succession setbacks common, but also that transitions from “iconic” CEOs are often the riskiest.

Leadership 130

Leadership Math Planning Securities 130

CFO News Room

FEBRUARY 1, 2023

Financial advisors who pay third parties to solicit or refer prospective clients to generate new business have historically been subject to the SEC’s Cash Solicitation Rule. However, that rule was drafted in an era where most paid referral relationships were between individuals, such as a financial advisor who paid a third-party accountant to refer clients their way.

Marketing 130

Marketing Advertising Compliance Investments 130

CFO News Room

FEBRUARY 1, 2023

On Friday, we will see the first labor market data for 2023. Along with the latest on payroll employment, unemployment, and wage growth, we will also get the final benchmark revisions for the establishment survey (CES). Preliminary benchmark revisions suggest job growth will be even stronger over the last two years than the 11.2 million previously reported.

Benchmarking 130

Benchmarking Education Economics Investments 130

CFO News Room

FEBRUARY 1, 2023

Michel Gibson was on the road to a career in the academic world. He was about to begin a Ph.D. program in philosophy at Oxford, when he realized that a professorship wouldn’t give him the freedom for deep, independent thinking and writing he longed for. He began to think deeply and independently about what has happened to American higher education and came to the radical conclusion that it’s a big waste of time, money, and talent.

Education 130

Education Economics Investments Startups 130

CFO News Room

FEBRUARY 1, 2023

A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois. Scott Olson | Getty Images Check out the companies making headlines in midday trading Wednesday. Foot Locker — Shares gained 4% on Wednesday after Credit Suisse upgraded the stock to outperform from neutral. The retailer could see upside to expected profit in 2024 and 2025 as its strategic plan takes shape, according to the firm.

Profit and Loss 130

Profit and Loss Strategic Planning Budgeting Manufacturing 130

CFO News Room

JANUARY 31, 2023

Welcome back to the 318th episode of the Financial Advisor Success Podcast ! My guest on today’s podcast is Ali Swart. Ali is a Partner and the Managing Director for Waldron Private Wealth, a multi-family office based in Bridgeville, Pennsylvania that oversees nearly $3 billion in assets under management for 280 ultra-high-net-worth family households.

Retail 130

Retail Planning Finance Investments 130

CFO News Room

JANUARY 31, 2023

If 2022 was an unsettling year for equities, as I noted in my second data post, it was an even more tumultuous year for the bond market. The US treasury market, considered by some still as a safe haven, was anything but safe or a haven, especially at the long maturities, as long term rates soared, with inflation (not the Fed) being the key driver. As a result, treasury bond investors faced one of their worst years in history, losing close to a fifth of their principal, as bonds were repriced.

Marketing 130

Marketing Treasury Banking Corporate Finance 130

CFO News Room

JANUARY 31, 2023

There have been claims that China’s enormous economic growth and widely shared prosperity are the result of turning to capitalism. I think this is not true; China is not capitalist. Of course, that depends on having a definition of capitalism that is clear, and that does not simply apply to all nations. It also requires a definition that is not so naively aspirational that no nation could satisfy the conditions to qualify as truly capitalist, because of the tendency toward cronyism in democracie

Concentration 130

Concentration Economics Marketing Currencies 130

CFO News Room

JANUARY 30, 2023

Inflation and all of its main drivers sharply decelerated in the last half of 2022. This was the case even though the pace of economic growth accelerated in the second half of the year and unemployment remained very low. The Federal Reserve’s “dual mandate” is meant to balance the risks of inflation versus the benefits of fast growth and low unemployment.

Marketing 130

Marketing Benchmarking Economics Accounting 130

CFO News Room

JANUARY 29, 2023

While the emotional work you do as a leader may go unrecognized and undervalued, it is more vital than ever in today’s work world. This labor is often a selfless and prosocial act, allowing you to care for and positively impact others even when you’re not feeling it. However, it should not come at your personal expense. In this piece, the author offers four techniques to try the next time your feelings and emotional expectations are discordant, so that you can preserve your health and ensure you

Leadership 130

Leadership Auditing Prioritization Planning 130

CFO News Room

JANUARY 29, 2023

A major decision in retirement planning is whether to make pre-tax or Roth (after-tax) 401k contributions. Pre-tax contributions go into your retirement account with money that has not been taxed, and then taxes will be paid when the funds are withdrawn in retirement. With Roth contributions, taxes will be taken from the money prior to placing it in the plan, but it can then be withdrawn tax-free once you retire.

Accounting 130

Accounting Planning Investments 130

CFO News Room

JANUARY 29, 2023

In my recently published paper, “ Should Trade’s ‘Losers’ Be Compensated?: An Exploration of the Welfare Economics of the Losses and Costs of Economic Change ” ( Journal of Law, Economics and Policy , 2022) I argue that the risk of job loss for each worker in an exchange economy such as ours is the price that he or she voluntarily pays in order to reap the enormous benefits available to each person who participates in this economy.

Marketing 130

Marketing Economics Transportation Securities 130

CFO News Room

JANUARY 29, 2023

The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. Arnd Wiegmann | Reuters Check out the companies making headlines in after-hours trading. Intel — Shares of Intel plunged 8.2% after the company reported earnings that missed on the top and bottom lines.

Manufacturing 130

Manufacturing Forecasting Economics Marketing 130

CFO News Room

JANUARY 28, 2023

Intel said April 5, 2022 that it has suspended all business operations in Russia. Paco Freire/Sopa Images | Lightrocket | Getty Images Check out the companies making headlines before the bell: Intel — The chipmaker suffered a 9% loss in its shares in early morning trading after its latest financial results missed analysts’ estimates and showed significant declines in the company’s sales, profit and gross margin.

Profit and Loss 130

Profit and Loss Forecasting Marketing Sales 130

CFO News Room

JANUARY 28, 2023

The Roth IRA vs traditional IRA – they’re basically the same plan, right? Not exactly. While they do share some similarities, there are enough distinct differences between the two where they can just as easily qualify as completely separate and distinct retirement plans. To clear up the confusion between the two, let’s look at where Roth IRAs and traditional IRAs are similar, and where they’re different.

Investments 130

Investments Planning Accounting Education 130

CFO News Room

JANUARY 28, 2023

How can you get what you want? Years ago, Clarence Carson pointed out that fundamentally, there are four ways, and Paul Cleveland and I explored this in a 2010 article in The Freeman. They are worth revisiting: You can make something yourself, someone can give it to you as a gift, you can steal it, or you can trade for it. Doing it yourself is fun sometimes, but unless you’re doing it recreationally, DIY is the road to poverty and starvation.

Economics 130

Economics 130

CFO News Room

JANUARY 27, 2023

Investing in the stock market, real estate, or crypto has never been easier. Gone are the days when you had to be an expert or work with a stock broker to buy company shares or invest your money. You can invest your money in several ways, with options for every level of risk tolerance and investment understanding. Many of the best online brokerages are designed for beginner investors and offer unique incentives for signing up.

Investments 130

Investments Accounting Education Finance 130

CFO News Room

JANUARY 27, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that CFP Board announced this week that it is splitting into two separate organizations with the same leadership but different nonprofit statuses. By switching to 501(c)(6) nonprofit status, the new CFP Board of Standards will have expanded abilities to advance the planning profession through lobbying and more targeted advertising messages to grow the ranks of CFP profess

Nonprofit 130

Nonprofit Practice Management Advertising Cash Management 130

CFO News Room

JANUARY 27, 2023

I am not much of a car person and view cars primarily as a mode of transportation. I drive a 2010 Honda Civic, a perfectly serviceable vehicle that is never going to get oohs and ahas from onlookers, but I feel no urge to value Honda. I don’t own a Tesla, and have only driven someone else’s Tesla, but as readers of this blog know, I valued Tesla for the first time in 2014, and I keep returning to the scene of the crime.

Valuation 130

Valuation Investments Manufacturing Marketing 130

CFO News Room

JANUARY 27, 2023

Real GDP rose 2.9 percent in the 4th quarter of 2022, exceeding estimates ranging from 2.6 to 2.7 percent. This puts the first estimate of overall US economic growth in 2022 at 2.1 percent. While this is notable in light of the brief recession that took place earlier in the year and the aggressive rate hikes undertaken by the Federal Reserve, that growth rate is roughly one-third of real US GDP growth in 2021 (5.7 percent).

Economics 130

Economics Healthcare Leadership Investments 130

CFO News Room

JANUARY 26, 2023

If your team is preparing to announce layoffs virtually, calculated preparation for your executive team is critical. This isn’t just another Zoom meeting; this is an announcement that affects people’s livelihoods and the future of your organization. With the proper preparation, though, you can effectively and compassionately address layoffs online. You’ll need to do the following: first, block out rehearsal time so you’re prepared.

Communication 130

Communication Leadership Securities Planning 130

CFO News Room

JANUARY 26, 2023

Early retirement has become a popular financial goal. And well it should be. Even if you never retire early, just knowing that you can is liberating! And it may just be the strategy that frees you up to take on even bigger challenges in life. That can happen when you reach the point where you no longer have to work for a living. Can You Really Retire at 50?

Investments 130

Investments Planning Accounting Securities 130

CFO News Room

JANUARY 26, 2023

For many financial advisory firm owners, growth is often the primary goal in the early years of launching a business. However, at a certain point, initial business growth goals will have been met, leaving the business owner at a crossroads of deciding where to take the business next – should they maintain the firm’s current size or continue the growth trajectory and adapt to the firm’s growing needs to bring on more clients?

Communication 130

Communication Planning 130

CFO News Room

JANUARY 26, 2023

One of the big news stories of last week was Jack Dorsey stepping down as CEO of Twitter, and the market’s response to that news was to push up Twitter’s stock price by almost 10%. That reaction suggested, at least for the moment, that investors believed that Twitter would be better off without Dorsey running it, a surprise to those in the founder-worship camp.

Marketing 130

Marketing Valuation Manufacturing Investments 130

CFO News Room

JANUARY 26, 2023

On Tuesday, the Bureau of Labor Statistics released state employment and unemployment data for December 2022, giving us a full picture of employment changes in the past year. Nationwide, the U.S. economy added 4.5 million jobs in 2022, the second-strongest year for job growth in the past 40 years (after 2021), and a testament to the success of pandemic relief and recovery measures.

Prioritization 130

Prioritization Economics Education Construction 130

CFO News Room

JANUARY 26, 2023

Check out the companies making headlines in midday trading. Seagate Technology — Shares of the data storage company surged more than 10% a day after Seagate posted beats on the top and bottom line for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenue of $1.89 billion. Analysts called for earnings of 10 cents per share on $1.83 billion in revenue, according to Refinitiv. related investing news Chevron – Shares of the energy giant popped 4% a day after the compa

Technology 130

Technology Forecasting Sales Marketing 130

CFO News Room

JANUARY 25, 2023

For decades, when companies learned their employees were considering unionizing, they followed a familiar playbook: do everything possible to fight and frustrate the unionization effort. Leaders often take a union drive personally, and see unions as a threat, failing to see the legitimacy of workers’ demands. But right now, with a tight labor market and rising worker organizing, companies should reconsider this approach, and opt for ones that lead to better outcomes for both workers and employer

Communication 130

Communication Numbers Marketing Economics 130

CFO News Room

JANUARY 25, 2023

With the U.S. economy predicted by many experts to slow down in the near future, many people’s thoughts have turned to the prospect of a recession. And along with those expectations may come concerns for those still in the workforce about the possibility of layoffs, and needing to get by without income for an unknown period of time. Such periods can be fraught with anxiety, since beyond ‘just’ the fear of losing one’s livelihood is the realization that there is little way to control

Planning 130

Planning Securities 130

CFO News Room

JANUARY 25, 2023

At the start of every semester for as long as I can remember, I have invited people to sit in informally on my classes at NYU or take the shorter online versions on my website. After thirty six years of teaching, you would think I would be jaded, but I am not. As we get ready for the spring, I am excited, perhaps more so than usual, because I hope to finally be in a real classroom, instead of online, for my classes.

Marketing 130

Marketing Corporate Finance Valuation Finance 130