Wed.Jan 04, 2023

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Implementing Retirement Income Guardrails To Facilitate (The Right) Spending Raises And Spending Cuts

Nerd's Eye View

Financial advisors have a wide range of strategies at their disposal to create financial plans for their clients. And when it comes to retirement planning, one popular technique is the use of ‘guardrails’, which set an initial monthly withdrawal rate that can be later adjusted as the size of the client’s portfolio changes. This strategy is valuable because it generally allows for higher initial withdrawal rates than more static approaches that don’t accommodate clients wi

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SEC charges ex-CFO at gold mining SPAC with $5M fraud

CFO Dive

The embezzlement allegations follow the collapse of the SPAC market in 2022 and sharper SEC scrutiny of the so-called blank check companies.

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Trending Sources

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5 Reasons to Leave Your Job — Even in a Downturn

CFO News Room

In a tight labor market, especially when news of large and small-scale layoffs continues to proliferate, it might seem inadvisable to look for a new job if you’re employed. But if you’re not engaged in your work, that will eventually show, which could put your career at risk. Once you realize you’re spending 40 hours weekly feeling unfulfilled, it’s always better to control your destiny than wait for others to decide your fate for you.

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Digital Realty promotes exec to CFO seat

CFO Dive

Digital Realty’s Matt Mercier will take the CFO seat as its former financial head moves to the CEO role.

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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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12 Best Paying Jobs in Real Estate Investment Trusts (REITs)

CFO News Room

Unless you’re one of the few people who knows exactly what they want to do with their life, choosing your future career can be challenging. With a high job satisfaction rate and a healthy real estate market, more people are turning to the real estate industry. Within the industry, it is estimated that Real Estate Investment Trusts (REITs) supported 3.2 million jobs in 2021 , according to a study commissioned by the National Association of Real Estate Investment Trusts (Nareit).

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Job openings remain significantly lower than 2022 peak

CFO News Room

Posted January 4, 2023 at 10:52 am by EPI Staff. Job openings remain significantly lower than 2022 peak. Below, EPI senior economist Elise Gould offers her initial insights on today’s release of the Job Openings and Labor Turnover Survey (JOLTS) for November. Read the full Twitter thread here. While not much changed in the JOLTS report for November, when we benchmark against latest peaks and troughs, we can see how much these labor market metrics have moderated over the last two years.

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Stock buyback tax looms over SPACs

CFO Dive

The new 1% excise tax on share buybacks — effective Jan. 1 — threatens to ding special purpose acquisition companies as the SPAC market has all but dried up.

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Manufacturing-Sector Contracts Again in December

CFO News Room

The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index fell to 48.4 percent in December, the second consecutive reading below neutral and the lowest level since May 2020. The survey suggests the manufacturing sector contracted in December (see the first chart). Nearly every component index was below neutral for the month (see second chart).

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State Coincident Indicators: November 2022

Barry Ritholtz

The Philly Fed’s November State Coincident Indicators snuck out while I was away (1/28/22). There are increasing signs of local distress revealed in the midwest, and lots of softness elsewhere. As detailed here , over the past month, the SCI indicies increased in 30 states, decreased in 13 states, and remained stable in seven, for a one-month diffusion index of 34.

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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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Wynn Resorts, Microsoft, Honeywell, Salesforce and more

CFO News Room

The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Pual Yeung | Bloomberg | Getty Images. Check out the companies making the biggest moves midday: Wynn Resorts — The casino operator’s stock jumped nearly 7%, building on its solid start to 2023. With Wednesday’s gain, the stock is up more than 11% for the week.

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10 Wednesday AM Reads

Barry Ritholtz

Happy perihelion day! Kick off the day where the Earth’s orbit is nearest to the Sun with our morning train reads: • Rookie Traders Are Calling It Quits, and Their Families Are Thrilled : Many who picked up investing during the pandemic are cooling on the hobby ( Wall Street Journal ). • Eyeliner Out of Stock? Blame TikTok : Items going viral on social media sites are selling out, posing new supply-chain challenges. ( Wall Street Journal ) see also How TikTok Became a Diplomatic Crisis :

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New Laws May Make 2023 a Year of Unintended Consequences

CFO News Room

Jason Riley is an opinion columnist at The Wall Street Journal, where his column, Upward Mobility, has run since 2016. He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley, a 2018 Bradley Prize recipient, is the author of four books: “Let Them In: The Case for Open Borders” (2008); “Please Stop Helping Us: How Liberals Make It Harder for Blacks to Succeed” (2014); “False Black Power?

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What holds for Businesses in 2023: A Prognosis

CFO News

2023 is not going to be as bad as 2022. In fact, a lot better. But we need to keep our fingers crossed.

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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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Make 2023 the Year You Escape Expense-Report Jail

CFO News Room

You can have your fitness goals and Dry January. My New Year’s resolution is to make it through 2023 without a nastygram from the nice folks in expense accounting. I’m no business-travel scofflaw. But I get plenty of automated emails not-too-subtly nudging me to do my expenses already. I’ve had more than a few expense reports returned for missing receipts or other missing details.

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Adani plans strategy tweak to enter 5G battlefield dominated by Ambani

CFO News

Adani Group’s chairman Gautam Adani has been planning to roll out an enterprise 5G services and consumer apps this year, according to a TOI report. As the Indian industrialist looks to expand his business outside the country, he will be focusing on building AI-ML (artificial intelligence & machine learning) and industrial cloud capabilities, and expanding data centres.

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The Yen’s Downside Risk Persists Despite BOJ Shift

CFA Institute

There is reason to be cautious about the nascent yen rally.

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How do Nonprofits Manage Cash Deficits?

CFO Selections

As 2023 begins many nonprofit leaders are facing the reality of operating after the government funds that were provided during the pandemic have dried up. Organizations that regularly operate with minimal or moderate budgets are finding that they are in a cash negative position. How they respond now will determine what the future holds for their missions, staff, and the people they serve.

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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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CFOs log in 2023 with health as top New Year resolution

CFO News

On the professional front, CFOs resolve to make businesses more resilient.

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Digital native retail CFOs: What’s the next move for success?

Future CFO

Digital native retail businesses are expected to see resounding success in the coming few years, but their existing strategies might need a tweak soon as traditional retailers are catching up, said Bain & Company recently. Digital native retail businesses are retailers which initially operated exclusively online, Bain defined. Retail ecosystem players, such as Amazon, and other online marketplaces gained considerable momentum over the last decade, capturing about 60% of global retail growth

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How will CFOs navigate investor relations in 2023?

CFO News

In the New Year, CFOs and IR leaders would have to solidify their ESG programmes and approach to enterprise risk management, collaborating on the final strategy with their marketing counterparts.

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Clips From Today’s Closing Bell

The Reformed Broker

Investors need to accept we’re in a new paradigm, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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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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NARCL makes highest offer for twin Srei companies at auction

CFO News

Govt owned ARC is offering Rs 5555 crore for Srei on NPV basis. Authum is offering Rs 5526 crore while Arena-Varde is offering Rs 4,600 crore.

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Webinar: Platform Conversion & Customer Experience | January 24

Strategic Treasurer

Platform Conversion & Customer Experience. January 24 | 11:00 AM EST. Register Now. Date. Tuesday, January 24, 2023. Time. 11:00 AM – 12:00 PM EST. Where. This is an online event. Speakers. Steve Traut, Superior. Craig Jeffery, Strategic Treasurer. Sponsored By. Hosted By. 1.2 CTP re-certification credits will be given for attendance to this live webinar.

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India Inc likely to get cautious in hiring during January-March quarter

CFO News

About 48% of Indian employers covered in the latest ManpowerGroup Employment Outlook Survey, shared exclusively with ET, said they will hire more people in the March quarter, 16% expect a decrease in hiring intent and 34% expected to keep workforce levels steady. Only 2% were unsure about hiring intentions.

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How to Afford Rent when Wages Remain the Same but Costs of Living Rise

Financial Analyst Insider

With inflation at an all-time high, many people feel the pressure as living costs continue to rise. While basic living expenses like rent, fuel, and. The post How to Afford Rent when Wages Remain the Same but Costs of Living Rise appeared first on Financial Analyst Insider.

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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.