Thu.Dec 22, 2022

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Musings on Markets: A Return to Teaching: The Spring 2023 Edition

CFO News Room

If, as you read this post, it feels like you have read it or a close variant before, it is because you have. Each year, ahead of teaching my classes at NYU’s Stern School of Business in the spring, I invite readers to accompany me on my journey, and this year is no different. Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023.

Marketing 130
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2022 - A year of Permacrisis, Polycrisis

CFO News

Amid the festivity, certain developments show that the world may have to face a tough time ahead. Ukrainian President Volodymyr Zelensky has reiterated in the US that there won't be any compromise from his side. This means that war will worsen and sadly the repercussions will continue in the New Year also.

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Consumer Services Push Revised Third Quarter GDP Higher

CFO News Room

Real gross domestic product rose at a revised 3.2 percent annualized rate in the third quarter versus a 0.6 percent rate of decline in the second quarter and a -1.6 pace in the first quarter (see first chart). Over the past four quarters, real gross domestic product is up 1.9 percent. Real final sales to private domestic purchasers, about 88 percent of real GDP and a key measure of private domestic demand, has shown greater resilience, with growth having stayed positive despite declines in real

Economics 130
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Efficiency First: Tech Trends for Finance Teams in 2023

The Finance Weekly

First things first: despite any misguided "Excel is dead" stories you may encounter in the upcoming weeks, Excel won't disappear in 2023. The humble spreadsheet remains an essential, if not critical, component of many financial operations. Therefore, while we won't pay attention to what is or isn't happening to Excel (or Google Sheets), we can predict some CFO tech trends in 2023.

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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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AMC Entertainment, Tesla, Micron, Under Armour and more

CFO News Room

Pedestrians pass in front of an AMC theater in New York. Scott Mlyn | CNBC. Check out the companies making headlines in midday trading. AMC Entertainment — Shares plummeted 14.8% after the company proposed a reverse stock split and announced a new $110 million capital raise in an attempt to minimize its debt load. Shares of its preferred stock surged more than 64%.

More Trending

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5-year TIPS reopening gets a real yield of 1.504%, a bit higher than expected

Tips Watch

By David Enna, Tipswatch.com The Treasury’s offering today of $19 billion in a reopening of a 5-year Treasury Inflation-Protected Security generated a real yield to maturity of 1.504%, a good result for investors.

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ESG (In)Efficiency

CFA Institute

Passive ESG investing has become increasingly active. It’s time for a rethink.

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US economy grew 3.2% in Q3, an upgrade from earlier estimate

CFO News

The rise in gross domestic product - the economy's output in goods and services - marked a return to growth after consecutive drops in the January-March and April-June periods.

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CapitaLand Investment appoints new CFO

Future CFO

Singapore-listed CapitaLand Investment announced recently its appointment of Paul Tham as Group CFO. Tham’s appointment will be effective on Jan 1, 2023. Currently the deputy group CFO, Tham will succeed Andrew Lim, who will become Group COO on the same day. As Group CFO, Tham will oversee the company’s finance, capital management and strategy. He joined the firm in December 2021 and has significant experience in finance, capital markets and real estate in Singapore and internationally, CapitaLa

CFO 52
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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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Execution-only platforms will add costs and gap between direct & regular plans will be reduced: Prudent Corp MD

CFO News

“We are one of the largest players on the distribution side where we earn commission from the manufacturers. We are the regular planned mutual fund distributors and we will remain there. Direct plan players were the competitors for us. Now with an execution-only platform coming in, some element of cost will be added in the direct plan and the gap between direct and the regular plan would reduce.

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Budgeting Ideas for Small Businesses

Financial Analyst Insider

No company can afford to waste money, but if you have a small business, you know that every penny counts. Many small businesses operate on. The post Budgeting Ideas for Small Businesses appeared first on Financial Analyst Insider.

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A haunting China Covid situation that India may dread before Budget

CFO News

China is the world’s second largest economy and there’s no denying its dominance in swinging economies or even crippling the smaller ones. The coronavirus, that first originated in China, had wiped off one-fourth of India’s economy in April to June 2020 and dragged India to a contraction in fiscal 2021. India's fiscal measures bloated the government's expenditure while income dropped to a trickle, widening the fiscal deficit to a record 9.2% in fiscal 2021.

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1099 Best Practices for Your Nonprofit

The Charity CFO

Is your nonprofit using 1099 best practices? Nonprofits rely on the generosity of donors and volunteers to support their mission and achieve their goals. But, just like for-profit businesses, nonprofit organizations must also navigate complex tax laws and regulations to remain compliant. One of the key areas for nonprofit compliance is the correct use of 1099 forms. .

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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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Jio deposits Rs 3720 crore in SBI escrow account, completes buy of Reliance Infratel

CFO News

In November, the National Company Law Tribunal (NCLT) in Mumbai had approved RITL’s acquisition by Reliance Project and Property Management Services Limited (RPPMSL), the arm of Reliance Jio that looks into the telecom operator’s tower business pending the deposit of Rs 3,720 crore in the SBI escrow account.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Quest Diagnostics, Treasurys & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Pharmaceutical companies step up hiring of sales representatives to expand market share

CFO News

Industry executives and headhunters told ET that salesforce is needed as they launch more products targeting chronic therapeutic segments such as diabetes, heart failure, central nervous system and respiratory. In addition, they said, companies are focusing on going beyond metro and tier-1 cities and engaging as many prescribers and chemists as possible.

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How to Infuse Liberatory Practices into Work Practices

CFO News Room

Racial unrest in 2020 inspired many organizations to commit to transforming their workplaces for racial equity. Yet many of these companies have not been able to make meaningful change. What’s holding them back? Diversity, equity, and inclusion (DEI) efforts will continue to fail until we address the root cause of inequity, exclusion, and injustice at work.

Nonprofit 100
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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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FMCG rural demand shows signs of green shoots after 2 years

CFO News

India's villages, which contribute more than 35% to overall annual FMCG sales, are crucial for overall revival of the sector. Executives said good seasonal harvests, resulting in improved liquidity in the hands of farmers, higher government spending on infra, and the wedding season are aiding consumer sentiment in India's villages.

Sales 52
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2:00PM Water Cooler 12/22/2022 | naked capitalism

CFO News Room

By Lambert Strether of Corrente. Bird Song of the Day. Pine Bunting, Istomino, Buryatia, Russia. “Songs from a male perched high in a birch in a small stand of trees adjacent to the lake.”. * * *. 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
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Budget likely to drop PAN for some financial transactions with Aadhaar

CFO News

Banks have approached the government, saying that since accounts are seeded with Aadhaar, there is no need for PAN as well. "We have received representations in this regard, and they are being examined," said an official aware of the matter.

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JK Cement buys controlling stake in Acro Paints for Rs 153 crore

CFO News

Acro Paints is a leading manufacturer in northern India of architectural and high-performance paints and coatings. This acquisition is a step towards fast-tracking JK Cement’s entry into the paints business, expanding its product offerings and potentially foraying into new markets, as per the press statement.

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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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Will benefits continue under new owners, ask IDBI pensioners

CFO News

"This is of vital importance to retirees in their twilight years. The potential buyers / investors should be made aware that pension and the VHS will have to continue as and when they take over the bank," said Sanat Chakraborty, vice president IDBI Elders Forum.

Banking 52
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Attract global supply chains, expand PLI scheme to spur manufacturing: Ficci Prez

CFO News

India Inc needs to brace itself for turbulence due to the recession in advanced economies which has begun to weigh in, but the country is in a situation that it can be optimistic about, Panda, who took over as president of the industry body last week, told ET. "There will certainly be a little bit of cooling off from where we are right now.

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Budget 2023: Will India walk the talk on fiscal prudence?

CFO News

The fiscal deficit was pegged at about Rs 16.61 lakh crore in BE 2022-23, which was 6.4% of the GDP. A fiscal deficit is an indicator of the government's market borrowing Analysts noted that the Centre has been extremely conservative in its receipt estimates for the second straight year.

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Companies fret over ripple effect of new Covid wave in China

CFO News

The Covid surge in China is driven by a complete reversal of its zero-Covid policy. While infections have touched all-time high, epidemiologists have warned at this rate almost 60% of the Chinese population will get Covid in the next 90 days and there could be multiple such waves.

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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.