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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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#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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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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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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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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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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VinFast US CFO included in North America layoffs: report

CFO Dive

The cuts come as the company is consolidating its Canadian and U.S. strategic business and management operations into a single unit that will be known as VinFast North America.

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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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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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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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Budget 2023: A Balancing act with tax relief, inclusive spending and capex surge

CFO News

Many of India's infrastructure, particularly in airports and ports, today can be compared favourably with their global counterparts, and in some, like waterways and roads, there is scope for improvement. The government recognises this need to build capacity and infrastructure.

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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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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.