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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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.

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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.

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Starbucks, Twilio, Carvana, DoorDash and more

CFO News Room

A customer holds a drink inside a Starbucks coffee shop in San Francisco, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images. Check out the companies making the biggest moves midday: Starbucks — The Seattle-based coffee company jumped nearly 9% after reporting quarterly profit and revenue that topped expectations. Net sales rose 3.35 to $8.41 billion and Global same-store sales rose 7%.

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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

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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.

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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.

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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.

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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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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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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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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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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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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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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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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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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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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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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.

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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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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.

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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.

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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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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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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