Mon.Jan 02, 2023

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Freudenschaude

Barry Ritholtz

Merry Christmas, Happy New Year, and all the rest of the seasonal glad tidings for you and yours in 2023. Before we roll up our sleeves and start to engage in the serious business of managing risk in the capital markets, I wanted to share a story that is more in keeping with the spirits of the season. I ran track in high school. My father’s advice when I joined the team was: Find the fastest guy on the team and keep up with him.

Startups 138
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Consumers Value Fate in Marketing Narratives

CFO News Room

Research shows that consumers prefer products where an element of them was found unintentionally, for example necklace made from gold from a previous unknown mine. Why? Learning about the unintentional discovery of a resource makes consumers think more about how the resource might never have been discovered, heightening their appreciation for the resource by increasing perceptions that the discovery was fated.

Marketing 130
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Trending Sources

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New Paths To Capital

Global Finance

Private debt funds, asset-based financiers and family offices fill the gaps left by traditional bank lenders.

Banking 116
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Passive Income Apps to Make Money in 2023

CFO News Room

You can only work so many hours per day, so if you want to build wealth, you will need to make money while you sleep. For this to happen, you must find ways to generate passive income. Unfortunately, earning passive income can seem overwhelming as it often requires a lot of money or effort upfront to see any returns. . Thankfully, there are many passive income apps you can use to create new sources of income on top of your nine-to-five, so you can have money coming in even when you’re not workin

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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No Rest For The Weary

Global Finance

Corporates and banks face a tight deadline to finalize migration from Libor.

Banking 105

More Trending

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The Latest In Financial #AdvisorTech (January 2023)

Nerd's Eye View

Welcome to the January 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Envestnet has decided to enter the RIA custodial business through a partnership with Australian bank FNZ to white-label what was once the State Street RIA custodial platform of many years ago –

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So You Worked for FTX. Now What? Advice From Recruiters and Employers

CFO News Room

Former employees of FTX and other failed crypto firms will likely face extra scrutiny in their job hunt. But recruiters and hiring managers say they can move on if they are transparent about their past employment. “First step is to own it, really,” said. Will Brown, executive search lead for financial services at recruiting firm Hamlyn Williams. The career advice comes after a year of turmoil in the crypto industry, including several bankruptcies , that decimated digital asset values and dulled

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Centre raises windfall tax on crude, diesel, aviation fuel

CFO News

It raised windfall tax on crude oil to 2,100 rupees ($25.38) per tonne from 1,700 rupees ($20.55), effective on Tuesday, the order said.

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FOMC Ratchets Up Inflation Projection

CFO News Room

The Federal Open Market Committee (FOMC) has revised up its projection for inflation. In the latest Summary of Economic Projections , the median FOMC member projects 3.1 percent inflation in 2023, up from 2.8 percent in September. The median projection for 2024 and 2025 is higher as well: whereas the median FOMC member had previously projected 2.3 and 2.0 percent inflation, it now projects 2.5 and 2.1 percent inflation.

Economics 130
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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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The CFO’s Guide to Crushing 2023

Collectiv

The beginning of the year is a clean slate, a fresh start for achieving your goals and aspirations. With technology evolving at a rapid pace and many teams adjusting to a permanent remote or hybrid work model, this is the time to take stock of your progress and plan the next steps. There are so many amazing opportunities that CFOs can take advantage of in 2023, as well as new challenges to be prepared for.

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Tesla, AMC, Southwest and others

CFO News Room

Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla gained 1.6% in the premarket in a volatile session, following a seven-day losing streak and declines in ten of the past eleven sessions. Baird reduced its price target on Tesla to $252 per share from $316, but continues to rate the stock outperform. AMC Entertainment (AMC) – AMC Entertainment rose 1.2% in premarket trading after CEO Adam Aron asked the movie theater chain’s board to freeze his salary.

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Economic outlook 2023: What to expect in Asia Pacific

Future CFO

A new multi-speed global economy will impact growth of different countries and consumer spending behaviour, according to the Economic Outlook 2023 report of the Mastercard Economics Institute. The Economic Outlook 2023 report explores four themes that will continue to shape the economic environment in countries and cities around the world, including Hong Kong and the Asia Pacific region — high interest rates and housing, trading down and shopping around, prices and preferences, and shocks and om

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New Year’s Can Be Humbling. Resolve to Keep It That Way

CFO News Room

Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker is also host of “WSJ at Large with Gerry Baker,” a weekly news and current affairs interview show on the Fox Business Network, and the weekly WSJ Opinion podcast “ Free Expression ” where he speaks with some of the world’s leading writers, influencers and thinkers about a variety of subjects.

Education 100
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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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December cheer: Consumer goods demand rebounds sequentially

CFO News

The value of fast-moving consumer goods retailed in December rose 1.4% from the last month, according to Bizom that analyses data based on orders at kirana stores. Electronics categories grew 8-10% sequentially, according to industry executives.

Retail 52
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2022 CFO Exits and Entries

The Finance Weekly

As we begin a new year, it is important that finance professionals look back and review the trends of the previous 12 months. One trend that has received attention in the past year is the movement of finance executives leaving their current positions to join new companies or pursue new opportunities. A recent , study conducted by Datarails, a financial planning, and analysis company, reveals the pay of CFOs across 12 sectors but finds that the CFO has the worst job security of the major C-Suite

CFO 52
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FM Nirmala Sitharaman welcomes SC verdict on demonetisation

CFO News

On November 8, 2016 Prime Minister Narendra Modi had announced demonetisation of old Rs 1,000 and Rs 500 banknotes and one of the key objectives of the unprecedented decision was to promote digital payments and curb black money flows.

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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • 22 Things That Made the World a Better Place in 2022 : From spinal implants that allow paralyzed people to walk to smashing an asteroid off course with a rocket, this wasn’t just a year of negative headlines. ( Wired ). • For U.S. Stocks, 2022 Is a Year With Almost No Record Highs : The S&P 500 finishes 2022 with just one record close, the lowest tally since 2012. ( Wall Street Journal ) see also The Year the Long Stock Market Rally Ended : How fas

Marketing 115
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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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Torrent moves NCLT against Hinduja’s revised offer for Reliance Capital

CFO News

Torrent Investments filed an interlocutory application a day before the committee of creditors and their advisors’ pre-scheduled meeting on January 3. It has petitioned that the verified lenders and the administrator, Nageswara Rao Y, will be violating the law governing the corporate insolvency process by engaging in negotiations with the “latecomer” while referring to Hinduja, said one of the persons cited above.

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Links 1/2/2023 | naked capitalism

CFO News Room

Readers: Happy day after New Years Day, and many more of them, too! –lambert. * * *. Taylor Swift’s Cat Is Worth $97 Million (and No, We’re Not Kidding) Yahoo News. Good kitty! Recession will hit a third of the world this year, IMF chief warns FT. Southwest Debacle. Southwest’s historic meltdown was the result of ‘benign neglect’ years in the making, experts say KERA.

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Budget session of Parliament to commence on January 31; Union Budget to be presented on February 1

CFO News

The session will start with an address by President Droupadi Murmu to the joint sitting of the Lok Sabha and Rajya Sabha in the Central Hall of Parliament. This will be the first address to the two Houses of Parliament by President Murmu since her elevation to the top post in August last year.

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Shipping Corporation selloff to set sail with roadshows from next week

CFO News

The disinvestment department has decided to start the process even as unions and a section of management raised objections to the Rs 1,000 crore cash transfer to the proposed demerged entity that will hold SCI's non-core assets. The ministry of corporate affairs held a meeting on December 29, 2022, to decide on the demerger.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Tech giants mop up Rs 50,000 crore in India ad revenue in FY22

CFO News

Just Google and Facebook ad mop up from India amounted to Rs 41,115 crore in FY22. Twitter India does not give a separate India advertising split, so it hasn’t been included in the sample.

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2023 resolutions: Anand Mahindra promises to cultivate empathy and resilience, Harsh Goenka on a mission to practise humility

CFO News

Just like us, India Inc. bosses are determined to put their best foot forward for the new year!

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Gist of the GST story: rationalise rates

CFO News

GST has shown itself as a solution to several layers of policy infirmity. A correctly designed GST can address chronic gaps in tax devolution to local governments, improving governance delivery in cities, the principal centres of consumption. Less clutter in tax rates and exemptions ease the burden on litigation. Finally, it sends out a very strong signal on policy continuity.

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Non-IT sectors may dominate white-collar job market this year

CFO News

The current moderation and caution in jobs in the information technology (IT) sector, which has for years been the dominant recruiter in the white-collar job market, will likely continue in 2023, as long as the global demand remains impacted, said top company executives.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.