Thu.Jan 05, 2023

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Bed Bath & Beyond warns options include bankruptcy

CFO Dive

The Union, N.J.-based company has faced a range of external and internal challenges stemming in part from inventory constraints, credit limits and the death of its CFO in September.

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Where Managers and Employees Disagree About Remote Work

CFO News Room

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.

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Recession seen as likely by SMEs: JPMorgan

CFO Dive

Despite some recession-watch contrarians, the JPMorgan survey findings dovetail with a growing number of forecasters penciling a downturn into their 2023 calendars.

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Proposed FTC rule would ban noncompete agreements and empower workers

CFO News Room

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

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Invest in investor relations, former Cameo CFO says

CFO Dive

In order for companies to position themselves for a successful IPO, focusing on IR teams early is key, according to Deb Schwartz.

More Trending

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Stitch Fix latest tech firm to cut workforce

CFO Dive

The online personal styling service announced it will reduce its workforce by about 20% in a company-wide memo from founder Katrina Lake.

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Silvergate, Bed Bath & Beyond, Walgreens and more

CFO News Room

Signage outside a Bed Bath & Beyond retail store in New York, Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images. Check out the companies making headlines in midday trading. Silvergate — Shares of the crypto-focused bank tumbled more than 42% after Silvergate disclosed massive customer withdrawals during the fourth quarter. The bank said it $3.8 billion in assets from digital asset customers at the end of December, down more than 60% from three months earlier.

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SAP Business ByDesign Versus Acumatica

Navigator SAP

Enterprise resource planning (ERP) solutions are popular among organizations looking to manage their business functions and optimize business processes within a centralized and integrated network.

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Non-competes would be illegal under FTC’s proposed rule

CFO Dive

If finalized as written, both new and existing non-competes, along with some non-disclosure agreements, would be banned as unfair practices that harm competition.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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10 Thursday AM Reads

Barry Ritholtz

My early morning train WFH reads: • Get Ready for the Richcession : Well-off Americans could get hurt more than usual in the next downturn ( Wall Street Journal ). • Why Markets Were Down in 2022 : there was also an Occum’s razor answer for the losses in financial markets in 2022. Sometimes the reason asset prices fall is because they went up too much in the first place. ( Wealth of Common Sense ) see also Observations to Start 2023 : From 2010 through 2021, The S&P500 Index gained 330% — a

Marketing 103
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Zhihu announces new CFO

Future CFO

Hong Kong and New York-listed Zhihu announced recently the appointment of Henry Dachuan Sha as the CFO and a director. Zhihu, an online content community in China, said that the appointment is to replace Wei Sun, who tendered his resignation from the two posts to pursue other business endeavours. Prior to joining Zhihu, Sha served as the CFO of Quwan Holding Limited between October 2020 and December 2022.

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Stocks That Lost the Most Market Cap in 2022

Barry Ritholtz

Source: Reddit. The post Stocks That Lost the Most Market Cap in 2022 appeared first on The Big Picture.

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Budget 2023: The wishlist of India's leading economists

CFO News

At an ETBFSI panel discussion 'What do economists expect from Budget 2023', top economists say the government should strike a fine balance between fiscal consolidation and growth. They want Finance Minister to also focus on soft infrastructure such as health and education.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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7 Essentials Of Nonprofit Financial Management

The Charity CFO

Many nonprofit organizations tend to let their financial management slip on the backburner as they get busy fulfilling their mission. Sure, your mission should be a priority, but managing finances can’t be neglected either. Maintaining healthy financial management is critical for the organization’s sustainability, stability, and flexibility, now and in the future.

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Govt to release today India's economic growth forecast for this fiscal year, weeks ahead of Budget announcements

CFO News

The first advance estimates are early forecasts and they usually undergo revisions as more data become available. However, the growth projections will come weeks ahead of the Budget 2023 announcement that is scheduled for February 1. The estimates from the National Statistic Office is a key consideration for the policy proposals that Finance Minister Nirmala Sitharaman is planning.

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Five Ways to Evaluate Cryptocurrency before You Purchase It

Financial Analyst Insider

The cryptocurrency market attracts the interest not only of seasoned investors but also of regular consumers who have no prior expertise when it comes time. The post Five Ways to Evaluate Cryptocurrency before You Purchase It appeared first on Financial Analyst Insider.

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Govt hopeful of rise in FDI inflows in coming months

CFO News

FDI equity inflows fell nearly a quarter to $10.3 billion in the quarter to September 2022 from $13.6 billion a year earlier. In the first half of this financial year, FDI equity inflows shrank 14% to $26.91 billion from $31.5 billion a year earlier, while total inflows were 8.8% lower at $39.09 billion in the April-September period from $42.86 billion a year ago.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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77: US Economy FAQs

Strategic Treasurer

Session 77. Coffee Break Session: US Economy FAQs. US economy, happy New Year. Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer’s Senior Advisor Paul Galloway to discuss the US economy. They discuss what the Fed is looking at, the importance of knowing what the Fed is thinking, the rising rates, and how the Fed’s decisions impact our economy.

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India in a relative 'bright spot', must leverage exports, says IMF official

CFO News

India is in a relative "bright spot" in the world economy, but needs to leverage its existing strength in services exports and extend it to job-rich manufacturing exports, a top official at the International Monetary Fund (IMF) said on Friday. "India is a relative bright spot in the world economy today, growing at rates significantly," IMF Deputy Managing Director Antoinette Sayeh said at an event in New Delhi.

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2:00PM Water Cooler 1/5/2023 | naked capitalism

CFO News Room

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.

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Taming inflation top priority for South Asia, RBI Governor Shaktikanta Das says

CFO News

Speaking at an event organised by the International Monetary Fund in New Delhi, Das said policy challenges for the region have been accentuated due to the Covid-19 pandemic and the war in Ukraine. "The priority for South Asian region, including India, is taming inflation; risks to growth, investments may rise if inflation remains high," he said.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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Auto cos in EV shift, go slow on old engine models

CFO News

The number of petrol and dieselpowered models sold in the Indian market has reduced 20% in about four years — to 136 as of December 2022 from 168 in 2018-19. The number of EV models rose to 18 from three in same period, while that of CNG-powered ones increased to 19 from 13.

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Inflation up by 46% since 2014, section 80C limit hiked by 0%: How much budget 2023 should raise it?

CFO News

Section 80C in the current form took shape during the budget of 2005. But the initial limit was only Rs 1 lakh and it clubbed together many previous rebates. This limit was raised to Rs 1.5 lakh per financial year by Arun Jaitley in 2014 during his tenure as the finance minister. Since then, there has been no hike in the 80C limit. This year, it will be 9 years from the previous increase, in 2014.

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The brave new resolutions

CFO News

We all are chasing something that we feel will lose or think that this is the only time to achieve it. Are we all going through FOMO (fear of missing out)? In one of his books, renowned author Sidney Sheldon said, “He was going through his life as if he was two minutes late.” Are we living our life like that?

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FMCG companies likely to see recovery in volume growth by next fiscal

CFO News

In the past few months, companies have been reversing grammage cuts in biscuits and soaps to bolster volume growth amid easing inflationary pressures to help drive margin improvement. While growth has improved sequentially due to the festive season, it is still lower than a year ago.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.