Mon.Jan 02, 2023

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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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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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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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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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Planning Your Restaurants 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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The Latest In Financial #AdvisorTech (January 2023)

CFO News Room

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 – provi

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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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New Paths To Capital

Global Finance

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

Banking 90
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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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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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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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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.

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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.

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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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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

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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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No Rest For The Weary

Global Finance

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

Banking 80
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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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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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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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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

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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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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.

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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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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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Indian 5G gear to ride on global resistance to China tech solutions

CFO News

Jio has said that it had developed its own 5G core indigenously that complies with global third-generation partnership project (3GPP) standards, a multinational technology forum. With domestically designed and developed next-generation technology, the telco is eyeing making 5G services affordable and accessible.

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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.

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SBI, ICICI Bank, HDFC Bank remain domestic systemically important banks, RBI says

CFO News

The Reserve Bank of India on Monday said that the State Bank of India, ICICI Bank, and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs). The RBI announced SBI and ICICI Bank as D-SIBs in 2015 and 2016 while HDFC Bank was added to the list as on March 31, 2017.

Banking 52
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Currency in circulation up 83% since demonetisation in 2016

CFO News

Demonetisation of the high value currency notes of Rs 500 and Rs 1,000 did not have any discernible impact on currency in circulation (CIC) in the country, which has soared by almost 83 per cent since its announcement on November 8, 2016. The Supreme Court on Monday upheld the decision of the government on demonetisation.

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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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