Tue.Feb 07, 2023

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The AI Bubble of 2023

The Reformed Broker

“When I see a bubble forming I rush in to buy, adding fuel to the fire. That is not irrational.” – George Soros, 2009 I’ve spent 25 years watching, trading and investing in the stock market. The repetition of patterns is amazing. In every generation we see new bubbles, which form when a new innovation comes along and everyone gets excited about the future.

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Mid-size businesses plan for ‘aggressive hiring’: report

CFO Dive

"We call it the mighty middle market," Doug Farren of the NCMM said. With confidence rebounding, these companies aim to grow their workforce in 2023.

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Trending Sources

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Clips From Today’s Halftime Report

The Reformed Broker

UBS says buy Berkshire Hathaway from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Fed’s Powell sees ‘significant road ahead’ to curb inflation

CFO Dive

Fed policymakers will probably push up borrowing costs at coming meetings even though some measures of inflation have eased somewhat, Powell said.

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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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Lack of Efficiency With Excel Spreadsheets

Centage

Spreadsheets are a powerful method for many businesses to store data, perform simple calculations, and help visualize essential information. As businesses continue to grow, however, spreadsheets can become complex and unwieldy for meeting a company’s complete financial planning and analysis (FP&A) needs. Why Are Spreadsheets Inefficient? Spreadsheets present multiple challenges when used as a budgeting , planning , or forecasting tool. 1.

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RBI raises repo rates by another 25 bps to 6.5%

CFO News

The MPC also decided by a majority of four out of six members to remain focused on withdrawal of accommodation to ensure inflation remains within the target while supporting growth.

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Pinterest CFO to depart following weak quarter

CFO Dive

Todd Morgenfeld’s departure follows mediocre quarterly results from the social media service, which is facing a slowdown in ad spending.

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Adani Group mulling independent review, disclosures show

CFO News

The quarterly earnings disclosures of three Adani units -- Adani Green Energy, Adani Ports and Special Economic Zone and Ambuja Cements -- noted that a short seller had alleged "certain issues against some" Adani group entities, saying for the first time they may be looked into.

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Fiserv CFO discloses acquisitions

CFO Dive

Fiserv spent $1 billion on acquisitions in 2022, in part helping to growing its international business, said Fiserv CFO Bob Hau. The spending follows workforce cuts and shuttered business units by the company.

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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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The Profit Motive: In Defense of Shareholder Value Maximization

Corporate Finance Lab

What is the purpose of a corporation? Is it, as Nobel Economics laureate Milton Friedman famously claimed, “to increase its profits”? [1] Or is it, as the Business Roundtable—a group of approximately 200 mostly USA corporate CEOs— claimed in 2019, “generating good jobs, a strong and sustainable economy, innovation, a healthy environment and economic opportunity for all.” [2] In the academic sphere, the weight of scholarly opinion has tilted substantially towards stakeholder capitalism in recent

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Bed Bath prices offering to avoid bankruptcy, taps new CFO

CFO Dive

The investor deal comes as the beleaguered home goods retailer ushers in a new interim CFO with experience in turnarounds.

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Webinar- RevRec Re-imagined for Better Business Value

Bramasol

Consumption, usage and recurring revenue models are very popular in today’s business climate. To be successful, these business models require integration and coordination among your key business systems from the front-end to the back-end. Before rolling out these revenue models, it is often useful to take a step back and reimagine how these revenue models, business strategies, and business systems should all be aligned and deployed for the best results.

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A CFO’s View on Insurance and Risk Management

CFO Selections

Have you ever had a conversation that went something like this? CEO: “So, do you have an update on our insurance?” CFO: “Well, I have good news and bad news.” CEO: “Bad news first, please. Always.” CFO: “I took a look at The Company’s coverages and talked with our broker. The bad news is that our insurance bill is going up, way up.” CEO (interrupting): “By how much?

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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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Between the lines: Here's what India is talking about after RBI monetary policy

CFO News

The Reserve Bank of India's rate-setting panel slowed the pace of interest-rate increases for a second straight meeting in February while allowing itself more room to tighten borrowing costs going ahead to rein in stubbornly high core inflation.

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IFRS 17 won't directly affect insurers' creditworthiness

Future CFO

IFRS 17 will change insurers' reported earnings and equity as it alters their profit recognition patterns and measurement of liabilities, while not directly affecting insurers' creditworthiness, said Moody's recently. The new insurance reporting standard has been taken effect since January 2023. While the new standard is a profound accounting change, it leaves insurers' underlying economic position and performance unchanged, according to Moody's.

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RBI announces regulatory guidelines on climate risk and sustainable finance

CFO News

He stated that a discussion paper (DP) on climate risk and sustainable finance was placed on RBI website on July 27, 2022, for public comments and feedback. Based on analysis of the feedback received in this regard, the RBI has decided to issue several guidelines for Regulated Entities (REs).

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The Reasons Why Analytics Are Important For Your Business

Financial Analyst Insider

Analytics are essential for businesses in today’s world. With the ability to measure and track key performance indicators, companies can gain valuable insights into customers’ The post The Reasons Why Analytics Are Important For Your Business appeared first on Financial Analyst Insider.

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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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Reserve Bank of India to expand scope of TReDS for better cashflow to MSMEs

CFO News

RBI MPC Meet: Insurance facility will now be permitted on TReDS. This will encourage financing/discounting of payables of buyers irrespective of their credit ratings.

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#FA Success Ep 319: Competing For Big Clients As A Small Boutique With A Focus On Task Management With Jim Niedzinski

Nerd's Eye View

Welcome back to the 319th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jim Niedzinski. Jim is a Co-Founder of Motive Wealth Advisors, an independent RIA based in the suburbs of Detroit, Michigan, that oversees $250 million in assets under management for nearly 50 families. What's unique about Jim, though, is how he and his partner have successfully built a 'small’ boutique firm that effectively competes with big wirehouses to attract and retain ultra-hi

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GST cut on cement may be put on fitment panel's table, says FM

CFO News

Finance minister Nirmala Sitharaman Tuesday indicated that industry's demand for trimming the 28% goods and services tax levy on cement, a key input for the infrastructure sector, could be taken to the fitment panel under the GST Council.

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The Advantages of Hiring a Fractional CFO

A Fractional CFO

The Advantages of Hiring a Fractional CFO One of the challenges of being a small business owner is that you are not a jack of all trades. You may be able to handle all aspects of your business when you first start your company.

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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.

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Startups fired 6,000 in October-December 2022, 4,000 in January 2023 alone

CFO News

With investors tightening their purse strings because of the volatility in the global economy, many unicorns and startups such as Byju’s, Swiggy and Ola have slowed down hiring or even resorted to firing employees.

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Transcript: William Cohan

Barry Ritholtz

  The transcript from this week’s, MiB: William Cohan on GE, Lazard, Goldman & Bear , is below. You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.

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India's exports decline over 12% YoY in December, trade deficit at $23.76 billion

CFO News

The drop in imports was less as the growing Indian economy continued to ship in inputs and goods. Imports declined to $58.2 billion in December against $60.3 billion in the same month last year, as per data released by the commerce and industry ministry on Monday.

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IBBI challenges NCLT's order rejecting admission of GTL Infra

CFO News

IBBI's petition is aimed at course correction after the Vidarbha Industries Power case where the Supreme Court struck down the National Company Law Tribunal's decision to admit the Anil Ambani-promoted power producer despite proof of default while adding that tribunals should have factored in extraneous matters.

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.