Fri.Nov 04, 2022

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Stock buybacks rise toward record $1T: Goldman Sachs

CFO Dive

Companies are repurchasing shares at a fast pace before the federal government next year levies a 1% excise tax on such transactions.

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The Many Ways the FOMC Can Be Wrong…

Barry Ritholtz

Since it is late on a Friday, I thought I might share some quick thoughts about the week. I have been wondering, more than usual, about the disconnect between what we see in falling prices and the Federal Reserve’s anti-inflation actions. It is difficult to reconcile Fed rhetoric with the actual price of Goods. One can reach only so many conclusions: Perhaps the Fed is right and everybody else is wrong.

Economics 141
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Trending Sources

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Services sector slows amid inflation, tight labor market

CFO Dive

The tight labor market was one of several factors impeding services sector growth in October.

Marketing 260
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Labor market showed more signs of cooling in October: Wage growth continues to decelerate

CFO News Room

Posted November 4, 2022 at 10:07 am by EPI Staff. Below, EPI economists offer their initial insights on the jobs report released this morning, which showed 261,000 jobs added in October. From EPI senior economist, Elise Gould ( @eliselgould ): Read the full Twitter thread here. . In October, there were notable gains in Education and health services, Profession and business services, and Leisure and hospitality.

Marketing 130
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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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What Can an ERP System Do for a Mid-Market Company?

Navigator SAP

The current economic climate poses many challenges for midsize companies. Struggles they deal with include increased competition, market volatility, rapid technological shifts, and skyrocketing costs. They need to be agile to remain relevant and stay ahead.

Marketing 130

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SAP ERP for Growing Companies

Navigator SAP

Growing companies face a multitude of challenges in today’s post-pandemic environment. This is particularly true in industries with complex supply chains and strict compliance, tracking, and documentation needs.

SAP 130
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Euro 1973 BMW 3.0CSi

Barry Ritholtz

BMW’s image as the “ultimate driving machine” was built atop the sportiness of its high-performance coupe models. The “sharknose” E9 was BMW’s elegant flagship coupe sold in the US from 1968-1975. The E9 used an electronic fuel injection system that was state-of-the-art technology back then (most cars were still using carburetors). 200 HP made the 3.0 CSi really fast (at least for those days).

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Who Is Responsible for ERP Implementation?

Navigator SAP

Enterprise resource planning (ERP) systems have become an integral part of modern business because they help companies to streamline their daily operations and ensure that they remain compliant with the industry’s rules and regulations. So, if you’re in the pharmaceutical business, you’ll enjoy the great benefits of pharma ERP systems when you incorporate them into your company.

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META Lesson 1: Corporate Governance

Musings on Markets

As we get deeper into earnings season for the third quarter of 2022, the biggest negative surprises are coming from technology companies, with the tech giants leading the way. Investors, used to a decade of better-than-expected earnings and rising stock prices at these companies, have been blindsided by unexpected bad news in earnings reports, and have knocked down the market capitalization of these companies by hundreds of billions of dollars in the last few weeks.

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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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AARP-Branded Medicare Drug Plan Is Too Costly for Many Retirees, Critics Say

CFO News Room

The AARP name has become a marketing juggernaut among baby boomers, with the group’s nearly 38 million members receiving offers for AARP-branded health, life and auto insurance, and discounts on cellphones, travel, car rentals and even pet insurance. One of its most popular branded products is the high-end AARP MedicareRx Preferred plan, insured by UnitedHealth Group Inc., and it carries the highest premiums among all national stand-alone Medicare drug plans.

Planning 100
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Weekend Reading For Financial Planners (Nov 5-6)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that as part of the ongoing integration between the merged companies, Charles Schwab plans to transition advisors currently on the TD Ameritrade custodial platform to Schwab’s platform over Labor Day weekend 2023.

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To Sustain DEI Momentum, Companies Must Invest in 3 Areas

CFO News Room

Organizations of all sizes and across industries pledged their support to DEI initiatives in 2020, including building more diverse and equitable companies, and to using their power for good. Now, with the spotlight no longer shining quite so brightly on corporate DEI, how much progress have organizations made against their promises? To understand the state of DEI efforts since 2020, the authors looked at aggregated, self-reported data collected from a subset of 48 of their clients, along with th

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Sink, Survive, or Succeed – Adapting Your Business in a Turbulent Time

VCFO

This article was co-authored by Ashford Chancelor , Dallas Practice Manager & Consulting CFO with vcfo, and Paul Hagerty , Sr. People Operations/HR Consultant in vcfo’s Dallas market. What a time to be alive and in business. Depending on one’s perspective, that phrase either evokes genuine excitement, deep concern, or both sentiments at once. The reason for that is that we are now living and doing business in a time unlike any we as individuals have ever experienced – a powder-keg-com

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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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Fed’s Collins Signals Support for Slowing Pace of Interest Rate Increases

CFO News Room

A Federal Reserve official signaled support Friday for continuing to raise interest rates but at a somewhat slower pace than the central bank has moved this year to avoid risks of too much tightening. The Fed raised its benchmark federal-funds interest rate this week by 0.75 percentage point , or 75 basis points, at its fourth consecutive meeting to a level between 3.75% to 4%.

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DASH SENSOR named Best algo trading suite in WatersTechnology’s 2022 Buy-Side Technology Awards

Reval

NEW YORK & CHICAGO – 04 November 2022: DASH Financial Technologies, an ION. The post DASH SENSOR named Best algo trading suite in WatersTechnology’s 2022 Buy-Side Technology Awards appeared first on ION.

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No pivot!

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Carleton English, Scott Krisiloff, and Downtown Josh Brown discuss the latest from Powell and the Fed, earnings season, the wisdom of Warren Buffett, junk bonds, 2008 vs today, nuclear fusion, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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195: Aziz Hardien

CFO Talks

1X. ‘ My passion has always been to serve people’. Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. Go to www.cfoclub.co.za and join our community of accounting and finance executives.

CFO 52
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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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10 Friday AM Reads

Barry Ritholtz

My end-of-week morning train WFH reads: • The rise of the ‘chief remote officer’ While many firms have pivoted to hybrid or remote work in an ad-hoc way, others are creating a new role to oversee their workplace transformation. ( BBC ). • Everyone seems to hate daylight saving time. Do we even need it, and why is it so hard to get rid of?

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Fabric by Gerber Life Insurance Review

CFO News Room

Life insurance is about making final provisions for your loved ones in the event of your death. But there’s more involved in those provisions than just life insurance. And that’s where Fabric by Gerber Life can help. Not only does Fabric offer life insurance policies – and some of the largest available anywhere – but they also help you through the process of making your final arrangements, and they do it free of charge.

Planning 130
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Democrats Fail the Marshmallow Test

CFO News Room

I have been reading a lot about President Biden’s latest “non-political” release from the Strategic Petroleum Reserve, and his student loan forgiveness plan, both coincidentally proposed shortly before 2022’s midterm elections. Then, on a night I was tossing and turning more than sleeping, my mind flashed from those policies to the famous Stanford marshmallow tests in the 1970s.

Education 130
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2:00PM Water Cooler 11/4/2022 | naked capitalism

CFO News Room

By Lambert Strether of Corrente. Bird Song of the Day. Olivaceous Siskin, 17 km WSW Rioja, above El Consuelo – LSU/ AMNH, San Martín, Peru. * * *. 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.

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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.