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.

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Marketing Advertising Compliance Investments 130

CFO News Room

FEBRUARY 1, 2023

By Lambert Strether of Corrente. So Biden is declaring that Covid is no longer a national emergency (and never mind that Covid is now a leading cause of death among children and adolescents. That’s just a statistic, as Stalin is wrongly said to have remarked ). Why not? Biden declared that “ the pandemic is over ” on September 18, 2022, or [breaks out calculator] 136 days ago.

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Pharmaceutical Construction Compliance Planning 100

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.

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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.

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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

By Lambert Strether of Corrente. Patient readers, I’m a fast man with an in-tray, but not fast enough. I really need to clear my backlog, and so I’ll have more shortly. Please return. –lambert UPDATE All done! Bird Song of the Day Masked Finch (Masked), Muirhead bushland, Darwin, Northern Territory, Australia. “Soft, muted contact calls of small party feeding on the ground.” * * * Politics “But what is government itself, but the greatest of all reflections on human nature?

Economics 130

Economics Education Securities Forecasting 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 31, 2023

General Motors CEO Mary Barra speaks to reporters while she waits for the arrival of President Joe Biden at media day of the North American International Auto Show in Detroit, Michigan, September 14, 2022. Rebecca Cook | Reuters Check out the companies making headlines in midday trading Tuesday. General Motors — The automaker’s stock surged more than 7% after the company cruised past analyst estimates on the top and bottom lines for its fourth quarter.

Manufacturing 130

Manufacturing Construction Entertainment Transportation 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 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

McDonald’s Corp. has a new restaurant outside Fort Worth, Texas, with no tables or seats for customers and a conveyor belt that routes food to drivers who order ahead. Chipotle Mexican Grill Inc. also offers no place for customers to sit inside an Ohio restaurant that only takes digital orders. Taco Bell is evaluating a new design that features four drive-through lanes, double the typical two.

CFO 100

CFO 100

CFO News Room

JANUARY 29, 2023

By Lambert Strether of Corrente. I rarely write a feel-good story; this will be one. As readers know, our ruling class is very strong on keeping their air clean so they don’t catch Covid. Back in 2022, we wrote “ How Ashish Jha and Rochelle Walensky of Newton, MA Protect Their Children from Covid (But not Yours) ” on ventilation in the schools; and recently, at Davos, our ruling class showed, by their actions, that they know #COVIDisAirborne, and will protect themselves from it (but not you) : #

Concentration 130

Concentration Construction Economics Invoicing 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 7, 2023

The tendency towards underconfidence can also lead us to needlessly (and endlessly) search for ways to gain influence when what we really need is to get better at recognizing the influence we already have — but may not be wielding effectively. In this piece, the author offers three suggestions, not for gaining influence, but for becoming more mindful of the influence you have already but don’t always see, so you can begin to use your latent influence more wisely.

Planning 130

Planning 130

CFO News Room

JANUARY 7, 2023

For many seasoned financial advisors, the road toward building a career and a business can be challenging and rewarding. And even though most advisors would agree that the road to success involves many years of hard work and sacrifice, each advisor’s path to ultimate success can consist of massively different experiences. In our 102nd episode of Kitces & Carl, Michael Kitces and client communication expert Carl Richards discuss the challenges they have each faced in their decades-long caree

Communication 130

Communication Planning 130

CFO News Room

JANUARY 7, 2023

In my last post, I talked about the ritual that I go through every year ahead of my teaching each spring, and in this one, I will start on the first of a series of posts that I make at the start of each year, where I look at data, both macro and company-level. In this post, I will provide a motivation, if you need one, for why I create and share the data updates, followed up by a description of my data sample, which includes publicly traded companies listed and traded across the world, as well a

Marketing 130

Marketing Valuation Corporate Finance Financial Analysis 130

CFO News Room

JANUARY 7, 2023

Today is Epiphany, for those Christians who aren’t celebrating Christmas today, and thus the last of the Twelve Days of Christmas. Time to take your decorations down if you haven’t already. We have Christmas all the time here, leaving the festooned tree up all year but having lights on only from sometime in December till January 7. My mother decided to be done with the bother of putting the tree up and taking it down.

Economics 130

Economics Restructuring Auditing Treasury 130

CFO News Room

JANUARY 7, 2023

To kick off the New Year, 60 minutes pulled out a man from yesteryears: Paul Ehrlich. If you do not know who Ehrlich is, you are probably a young person. If you are above a certain age, you have heard of him, seen him on television, heard him on the radio or heard his ideas second-hand from someone. This biologist from Stanford University was a media fixture in the 1960s and 1970s for his view (expressed in the best-seller The Population BombI ) that overpopulation would lead to resource depleti

Economics 130

Economics Communication Technology Marketing 130

CFO News Room

JANUARY 7, 2023

Shoppers line up outside a Costco to buy supplies after the Hawaii Department of Health on Wednesday advised residents they should stock up on a 14-day supply of food, water and other necessities for the potential risks of novel coronavirus in Honolulu, Hawaii, U.S. February 28, 2020. Courtesy of Duane Tanouye via REUTERS. Check out the companies making headlines in midday trading.

Entertainment 130

Entertainment Profit and Loss Valuation Manufacturing 130

CFO News Room

JANUARY 6, 2023

Picture this: You’re the proud CEO of a successful company, known for being a great place to work, and you open the news to find that your biggest competitor’s workforce is unionizing. You knew about the new wave of organized labor, but you never thought it would happen in your industry. Now you start to wonder if you might be next. It’s a reasonable concern.

Communication 130

Communication Construction Leadership Education 130

CFO News Room

JANUARY 6, 2023

Having $2,000 to $3,000 to invest is a good feeling, but how you allocate those funds can impact your finances more than you might realize. Where investing your small nest egg and adding to it regularly can lead to significant returns over time, stuffing $2,000 to $3,000 in cash under your mattress can mean losing money to inflation over time. Before you decide where to invest $2,000 to $3,000, think about when you’ll need the money.

Investments 130

Investments Accounting Finance Healthcare 130

CFO News Room

JANUARY 6, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the Securities and Exchange Commission (SEC) has received significant pushback from investment adviser and financial industry trade groups to the regulator’s recent proposal that would establish formalized due diligence and monitoring obligations for investment advisers that outsource certain advisory functions.

Auditing 130

Auditing Practice Management Planning Investments 130

CFO News Room

JANUARY 6, 2023

Sadanand Dhume writes a biweekly column on India and South Asia for WSJ.com. He focuses on the region’s politics, economics and foreign policy. Mr. Dhume is also a resident fellow at the American Enterprise Institute in Washington, D.C. Previously he worked as the New Delhi bureau chief of the Far Eastern Economic Review (FEER), and as Indonesia correspondent for FEER and The Wall Street Journal Asia.

Economics 100

Economics Marketing 100

CFO News Room

JANUARY 6, 2023

As 2022 closes and 2023 begins, we spoke with the members of our senior sales team for the construction industry to get their thoughts on the challenges construction companies will face in the new year. These four gentlemen, Brad Bullock, Justin Mock, James Seela, and Tom Tornee have over 85 years of combined experience in the construction industry, and over 35 years with CCG (that’s a lot of experience).

Construction 130

Construction Economics Forecasting Finance 130

CFO News Room

JANUARY 6, 2023

Federal Trade Commission guidelines for advertising health-related products just got a big refresh—and they could be a rude awakening for marketers making overzealous claims about products such as supplements or health apps. . The agency in late December published its “ Health Products Compliance Guidance” to update and replace its 1998 guidance titled “Dietary Supplements: An Advertising Guide for Industry.

Marketing 100

Marketing Advertising Budgeting Compliance 100

CFO News Room

JANUARY 6, 2023

By Lambert Strether of Corrente. Bird Song of the Day. Melodious Warbler, Ribeira de Pena, Vila Real, Portugal. * * *. 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.

Economics 130

Economics Manufacturing Transportation Education 130

CFO News Room

JANUARY 6, 2023

Posted January 6, 2023 at 9:44 am by EPI Staff. Below, EPI economists offer their initial insights on the jobs report released this morning, which showed 223,000 jobs added in December and wage growth slowing. . From EPI senior economist, Elise Gould ( @eliselgould ): Read the full Twitter thread here. Notable gains in the payroll survey for December were in education+health and leisure+hospitality, rising 67k over the month.

Education 130

Education Numbers Economics 130

CFO News Room

JANUARY 6, 2023

The Institute for Supply Management’s NMI composite services index decreased to 49.6 percent in December, sinking 6.9 points from 56.5 percent in the prior month. December was the first drop below the neutral 50 threshold following 30 consecutive months of expansion for the services sector (see top of first chart). The December ISM surveys suggest a contraction in the services and manufacturing sectors, a very ominous sign should the results persist in the coming months. .

Manufacturing 130

Manufacturing Economics Investments Marketing 130

CFO News Room

JANUARY 6, 2023

A “Now hiring” sign is displayed on the window of an IN-N-OUT fast food restaurant in Encinitas, California, May 9, 2022. Mike Blake | Reuters. December’s strong job growth combined with slowing wage inflation is fueling optimism that the economy might just see a soft landing. But economists disagree on whether that will be the case, given that a strong jobs market could continue to ignite price increases in the service sector and keep the Federal Reserve raising interest rates

Forecasting 130

Forecasting Marketing Treasury Numbers 130

CFO News Room

JANUARY 5, 2023

Survey research suggests that managers and employees see remote work very differently. Managers are more likely to say it harms productivity, while employees are more likely to say it helps. The difference may be commuting: Employees consider hours not spent commuting in their productivity calculations, while managers don’t. The answer is clearer communication and policies, and for many companies the best policy will be managed hybrid with two to three mandatory days in office.

Communication 130

Communication Planning 130

CFO News Room

JANUARY 5, 2023

By Lambert Strether of Corrente. Bird Song of the Day. Oriole Warbler, Outamba-Kilimi National Park, Northern, Sierra Leone. “First cut natural, second after playback of first. Duetting pair. Habitat: Forest, Evergreen Forest, Deciduous Forest.”. * * *. Politics. “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51.

Advertising 130

Advertising Economics Leadership Numbers 130

CFO News Room

JANUARY 5, 2023

Posted January 5, 2023 at 12:43 pm by EPI Staff. Proposed FTC rule would ban noncompete agreements and empower workers. Today, the U.S. Federal Trade Commission (FTC) released a proposed rule that, if finalized, would ban noncompete agreements. EPI research has found that at least 36 million workers—27.8% of the private-sector workforce—are required to enter noncompete agreements, which are employment provisions that ban workers at one company from working for, or starting, a competing business

Economics 130

Economics 130

CFO News Room

JANUARY 5, 2023

Everywhere in education, you see incentives at work. The incentives, though, are so far removed from the actual goals of education that they produce perverse results. . Goodhart’s Law is usually stated, “When a measure becomes a target, it ceases to be a good measure.” Economics textbooks often use the allegory of a maker of nails, who receives word that his measure of success at producing nails will be based on the number of nails made.

Education 130

Education Leadership Economics Communication 130