CFO News Room

JANUARY 30, 2023

By Lambert Strether of Corrente. Or, to expand the acronyms in the family blog-friendly headline, “Artificial Intelligence[1] = B t.” This is very easy to prove. In the first part of this short-and-sweet post, I will do that. Then, I will give some indication of the state of play of this latest Silicon Valley Bezzle, sketch a few of the implications, and conclude.

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Microsoft Office Startups Economics Auditing 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 30, 2023

It’s time for liberty lovers to (re)acquaint themselves with Garet Garrett , a prolific voice of the Old Right. It’s not that everything the largely homeschooled farm boy wrote was right – he reconciled himself to the Federal Reserve, the Securities and Exchange Commission, and some restrictions on trade and immigration – but that what his “unsanctioned voice” got right, especially about the New Deal, was analytically powerful, yet largely forgotten today.

Economics 130

Economics Finance Transportation Currencies 130

CFO News Room

JANUARY 30, 2023

Check out the companies making headlines in midday trading Monday. Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Colgate-Palmolive — Shares gained 2.8% after Morgan Stanley upgraded the stock to overweight from equal weight and named it the top pick in the household and personal care industry. The firm said the stock was at a good price point after a recent selloff.

Healthcare 130

Healthcare Entertainment Numbers Technology 130

CFO News Room

JANUARY 30, 2023

Password security is a major concern for companies, and one of the biggest challenges is getting employees to use better password hygiene. To shore up security, you need to find practices that your employees will actually use. To make it easier, consider sharing these five recommendations to help them find the right security practices for any given situation: 1) use a throwaway password, 2) use a password phrase, 3) use a password phrase that utilizes a pattern, 4) use a password phrase with two

Securities 100

Securities Accounting Numbers Sales 100

CFO News Room

JANUARY 24, 2023

CURT NICKISCH: Welcome to the HBR IdeaCast from Harvard Business Review. I’m Curt Nickisch. We love to celebrate entrepreneurship. We love to celebrate great business leadership. But for all that attention and oxygen, it’s still an enigma. You know it when you see it, but what are the necessary traits of a successful founder? What is the decision tree that a compelling organizational leader follows?

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Leadership Startups Planning Construction 130

CFO News Room

JANUARY 24, 2023

The 401(k) plan is the largest asset many investors own accounting for 36.2% of their total net worth according to the U.S. Census Bureau. Regularly checking your 401(k) account can help you stay on top of your investments, and make sure that your money is working for you in the best way possible. What is a 401k? A 401(k) is a type of retirement savings plan offered by many employers to their employees.

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CFO News Room

JANUARY 24, 2023

Welcome back to the 317th episode of the Financial Advisor Success Podcast ! My guest on today’s podcast is Jennifer Climo. Jennifer is the CEO and a Senior Advisor for Milestone Financial Planning, an independent RIA based in Bedford, New Hampshire, that oversees $360 million in assets under management for 225 client households. What’s unique about Jennifer, though, is how, after more than a decade of building her own successful solo practice, she intentionally decided to merge her

Practice Management 130

Practice Management Planning Communication Leverage 130

CFO News Room

JANUARY 24, 2023

Hong Kong publisher and democracy advocate Jimmy Lai faces up to life in prison for daring to speak the truth about the Communist Party. But U.K. Prime Minister Rishi Sunak couldn’t manage even to utter Mr. Lai’s name in Parliament this month. Tory MP Iain Duncan Smith raised Mr. Lai’s plight during the Prime Minister’s Questions on Jan. 11. He noted that Mr.

Securities 100

Securities 100

CFO News Room

JANUARY 24, 2023

Happy New Year, and I hope that 2022 brings you good tidings! To start the year, I returned to a ritual that I have practiced for thirty years, and that is to take a look at not just market changes over the last year, but also to get measures of the financial standing and practices of companies around the world. Those measures took a beating in 2020, as COVID decimated the earnings of companies in many sectors and regions of the world, and while 2021 was a return to some degree of normalcy, the

Marketing 130

Marketing Valuation Corporate Finance Currencies 130

CFO News Room

JANUARY 24, 2023

By Lambert Strether of Corrente. Bird Song of the Day Varied Thrush, Snohomish, Washington, United States Media from this location Illustrated Checklist. “Natural vocalization. Song from a male bird perched on the top of a tall leafless deciduous tree. Spacing between notes much closer together than normal song; perhaps this is dawn song (though no such vocalization is described in BNA) or subsong.

Manufacturing 130

Manufacturing Construction Economics Banking 130

CFO News Room

JANUARY 24, 2023

Are chain stores and chain restaurants wrecking the world and turning our colorful, quirky, diverse world into a uniformly bland, corporatized dystopia, where every place looks like every other place, leaving every place with no sense of place ? Hardly. More chains might mean Minneapolis, Montgomery, Montreal, and Milan all resemble one another, but they resemble one another because they offer ever-expanding arrays of options for people looking to feed, clothe, entertain, and express themselves.

Economics 130

Economics Entertainment Compliance Retail 130

CFO News Room

JANUARY 24, 2023

A woman walks near a Bed Bath & Beyond branch on January 11, 2023 in New York City. Leonardo Munoz | View Press | Corbis News | Getty Images Check out the companies making headlines in midday trading Tuesday. Lyft — The ride-sharing app’s stock added 1.5% following an upgrade to overweight from sector weight by KeyBanc. The firm said cost-saving strategies such as layoffs and stabilizing demand could help the stock.

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Profit and Loss Manufacturing Marketing Economics 130

CFO News Room

JANUARY 23, 2023

If you want to advance but your boss isn’t invested in your professional development, it can be demoralizing and frustrating. I know because I’ve been there. In the early stages of my career, there was a phase where I felt invisible and like there were no opportunities to reach for. One summer, there was an extended period where my annual performance review was repeatedly cancelled on short notice.

Investments 100

Investments Communication Leverage Planning 100

CFO News Room

JANUARY 23, 2023

You can open an account in 3-5 minutes. Access investments from multiple financial institutions. Manage all of your accounts from a single dashboard. Simplified tax reporting with a single 1099-INT document. Cons You may be investing with less established FIs. No online bill pay or checking services available. Limited customer service is only available between 9 AM and 4 PM EST.

Accounting 130

Accounting Investments Banking Numbers 130

CFO News Room

JANUARY 23, 2023

An important truism about marketing is that to be effective, the marketer’s message needs to connect with the audience it intends to reach. Traditional forms of marketing used by financial advisors – including networking with one’s friends and family members, cold-calling, and paid advertising – have been effective at reaching a ‘typical’ client base of older, wealthy retirees.

Marketing 130

Marketing Education Advertising Sales 130

CFO News Room

JANUARY 23, 2023

Ideas that start on the progressive fringes have a way of becoming government policy these days, as President Biden’s $400 billion student loan cancellation shows. Lo, Democrats in Congress are now pressing the President to impose rent control nationwide. The White House is considering a series of executive actions that are ostensibly intended to protect tenants.

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CFO News Room

JANUARY 23, 2023

Leading into 2021, the big questions facing investors were about how quickly economies would recover from COVID, with the assumption that the virus would fade during the year, and the pressures that the resulting growth would put on inflation. In a post at the start of 2021 , I argued that while stocks entered the year at elevated levels, especially on historic metrics (such as PE ratios), they were priced to deliver reasonable returns, relative to very low risk free rates (with the treasury bon

Valuation 130

Valuation Treasury Investments Marketing 130

CFO News Room

JANUARY 23, 2023

Stanley Black & Decker Inc. appointed the chief financial officer of Fortune Brands Innovations Inc. to lead its finances as the tool maker works on substantial cost cuts. The New Britain, Conn.-based company on Monday said Patrick Hallinan will become CFO, effective April 6. Mr. Hallinan will join Stanley Black & Decker after a 17-year career at home- and security-products maker Fortune Brands.

CFO 100

CFO Accounting Principles Corporate Finance Finance 100

CFO News Room

JANUARY 23, 2023

By Lambert Strether of Corrente. Bird Song of the Day Wood Thrush, Parc du Sanctuaire, Drummond, Quebec, Canada. “Grive des bois, chant: ‘a-a-iola tzzziiii, a-a-ioli tzzziiii, a-a-iola tzzziiii.’” Oh, so that’s what they’re saying! * * * Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “Here’s food for thought, had Ahab time to think; but Ahab never thinks; he only feels, feels, feels” –Herman Melville, Moby Dick “

Education 130

Education Economics Concentration Marketing 130

CFO News Room

JANUARY 23, 2023

U.S. Treasury Secretary Janet Yellen announced last week that the federal government had reached the statutory debt limit and that her department had begun “extraordinary measures” to meet required spending obligations. It is estimated that by July these extraordinary measures will no longer be able to keep some spending obligations from being missed.

Economics 130

Economics Treasury Budgeting Securities 130

CFO News Room

JANUARY 23, 2023

Reprinted from The Center Square Higher education is confronting a problem: its customer base is shrinking. High birth rates in the 1990s and early 2000s created large incoming classes. After reaching a peak in 2007, birth rates have steadily dropped. Births rose to 4.3 million in 2007, while this past year saw 3.7 million. Children born during the dropoff will soon be eligible for enrollment.

Education 130

Education Budgeting Economics Forecasting 130

CFO News Room

JANUARY 23, 2023

The Spotify logo on a smartphone arranged in Saint Thomas, U.S. Virgin Islands, on Saturday, Jan. 29, 2022. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Wayfair — Shares of the furniture retailer jumped 24.1% on Monday after Wayfair received upgrades from multiple Wall Street firms, include a double upgrade to overweight from underweight at JPMorgan.

Manufacturing 130

Manufacturing Technology Investments Marketing 130

CFO News Room

JANUARY 22, 2023

If you were to look at the inner workings of any successful company, you would notice an intricate web of departments — marketing, IT, HR, engineering, legal, etc. — in a constant give-and-take with the units they support. As business priorities change, certain parts of the company inevitably will command influence and visibility while others get sidelined.

Prioritization 130

Prioritization Leadership Compliance Communication 130

CFO News Room

JANUARY 22, 2023

It is the nature of stocks that you have good years and bad ones, and much as we like to forget about the latter during market booms, they recur at regular intervals, if for no other reason than to remind us that risk is not an abstraction, and that stocks don’t always win, even in the long term. In 2022, we needed that reminder more than ever before, especially after markets came roaring back from the COVID drop in 2020 and 2021.

Forecasting 130

Forecasting Treasury Investments Economics 130

CFO News Room

JANUARY 22, 2023

NRC Certifies First U.S. Small Modular Reactor Design US Department of Energy Mass. health department warns of drug-resistant gonorrhea strain Boston.com Davos The ‘greatest tragedy’ would be if central banks don’t finish the job on inflation, Larry Summers says CNBC (Kevin W) World Economic Forum hemorrhoid, Chrystia Freeland, thinks the middle class makes too much money.

Healthcare 130

Healthcare Pharmaceutical Economics Leadership 130

CFO News Room

JANUARY 22, 2023

In 1991, a year after his controversial firing as men’s basketball coach at North Carolina State University, Jim Valvano published a book titled They Gave Me a Lifetime Contract, and Then They Declared Me Dead. It’s a great title. The past few weeks’ convergence of energy and environmental news reminded me of the irony of that book title. Rolling blackouts, which the 2022 State of Reliability report by the North American Electric Reliability Corporation (NERC) had previously warned about, affect

Construction 130

Construction Advertising Technology Economics 130

CFO News Room

JANUARY 22, 2023

Check out the companies making headlines in midday trading. Netflix – Shares of Netflix jumped 6.3% after the company’s per-share earnings came short of analysts’ expectations. Nevertheless, the latest quarterly results showed the streaming service added millions more subscribers in the quarter than Wall Street anticipated. The company also announced that co-CEO Reed Hastings would step down from the role.

Forecasting 130

Forecasting Retail Sales Marketing 130

CFO News Room

JANUARY 21, 2023

The $1.2 billion Deepwater Titan sat idle in a Singaporean shipyard for five years, looking like an abandoned cruise ship with a derrick attached to its deck. Soon this vessel that spans nearly three football fields will depart for the deepest waters of the Gulf of Mexico, where its crew will be able to drill 8 miles below the seafloor in search of oil for Chevron Corp.

Marketing 100

Marketing 100

CFO News Room

JANUARY 21, 2023

Whether on retailers’ own platforms or through third-party price tracking services, today’s consumers often have access to detailed information regarding changes in a product’s price over time. But how does this visibility influence their purchasing decisions? Through a series of studies, the authors found that buyers are more likely to buy now if they see a single large price decrease or a series of smaller price increases, because they’ll assume that the price will go up if they wait.

Retail 130

Retail Numbers Planning 130

CFO News Room

JANUARY 21, 2023

Inflation numbers have been coming in high now, for more than a year, but for much of the early part of 2021, bankers, investors and politicians seemed to be either in denial or casually dismissive of its potential for damage. Initially, the high inflation numbers were attributed to the speed with the economy was recovering from COVID, and once that excuse fell flat, it was the supply chain that was held responsible.

Treasury 130

Treasury Currencies Numbers Investments 130

CFO News Room

JANUARY 21, 2023

American adults spend the majority of their waking hours looking at screens—and yet most of those screens, including the one you’re probably reading this on now, are based on the same LCD display tech that made its debut in the 1980s. Soon, however, all that could change. A raft of new display technologies are on the way and promise a variety of benefits, from significantly extending the battery life of our wearables, mobile devices and laptops to making them slimmer, lighter and easier to read

Technology 100

Technology CFO 100

CFO News Room

JANUARY 21, 2023

Yves here. Readers may regard the title as “dog bites man,” but our supposed betters expect to be treated with a great deal of deference. That includes not having Davos hypocrisies called out, like acting as if they will of course keep their lavish lifestyles while the lower orders make sacrifices, including on the climate front, for them. By Paul Rogers, Emeritus Professor of Peace Studies in the Department of Peace Studies and International Relations at Bradford University, and an Honorary Fe

Economics 100

Economics Profit and Loss Forecasting Financial Systems 100

CFO News Room

JANUARY 21, 2023

Ascendant today among antitrust scholars and enforcers are the so-called “neo-Brandeisians.” Named after progressive Associate Supreme Court Justice Louis Brandeis, the neo-Brandeisians’ chief goal with respect to antitrust is to dislodge the consumer-welfare standard from its lofty perch as the guide for determining if and when markets are performing so poorly as to warrant antitrust intervention.

Construction 130

Construction Economics Profit and Loss Planning 130

CFO News Room

JANUARY 21, 2023

A sign is posted in front of a Google office on April 26, 2022 in San Francisco, California. Google parent company Alphabet will report first quarter earnings today after the closing bell. Justin Sullivan | Getty Images News | Getty Images Check out the companies making headlines before the bell: Netflix — The streaming stock jumped more than 6% after Netflix reported its latest quarterly results.

Pharmaceutical 130

Pharmaceutical Forecasting Sales Retail 130

CFO News Room

JANUARY 20, 2023

One of the few positive side effects of the deadly and catastrophically disruptive Covid-19 pandemic has been the blossoming of telehealth. Though useful telehealth technology has been available for several years, adoption was slow until providers had to scale it up in a matter of weeks as a safe way to see and treat patients when clinics were closed.

Communication 100

Communication Leverage Technology Planning 100

CFO News Room

JANUARY 20, 2023

If you feel like it’s getting more and more difficult to get ahead, it may be time to earn more money. But, if you can’t see that happening at your 9-5 job, you may have to take matters into your own hands. Here’s the good news: side hustles let you earn extra cash while maintaining a flexible schedule. Some side hustles can be started quickly, while others require specialized knowledge or skills that may take some time to build.

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Advertising Sales Investments Transportation 130