Sat.Feb 04, 2023 - Fri.Feb 10, 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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How Managers Can Address Their Own Biases Around Mental Health

CFO News Room

Discrimination against employees because of their health — including mental health — is illegal. While HR can make sure the right supports are in place, managers should also make sure that stigma isn’t impacting their day-to-day decisions about their teams. For example, how can a manager prevent their personal views on mental health from biasing their task assignment or performance reviews of an employee who’s disclosed a mental health challenge?

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Trending Sources

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Deficiencies In Audit Quality

Global Finance

Audit companies face an audit by an government oversight agency and are found lacking.

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Navigating the Thrift Savings Plan: Planning Opportunities To Support Federal Employees, Military Servicemembers, And Veterans

Nerd's Eye View

Seasoned financial advisors have likely worked with clients with a wide variety of workplace retirement accounts, which can vary in terms of their investment offerings, fees, and other characteristics. But given that the U.S. government is the largest employer in the country, it can be especially helpful for advisors to be familiar with the ins and outs of (and recent changes to) the Federal government’s own defined contribution plan: the Thrift Savings Plan (TSP).

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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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Ex-Wendy’s US CFO lands at Little Caesars

CFO Dive

Little Caesars said its new finance chief, Leigh Burnside, will oversee the expansion of the company’s accounting team as it seeks to support recent growth.

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More Trending

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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.

CFO 222
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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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Masters in Business Live With Vanguard’s Tim Buckley

Barry Ritholtz

I am in Florida for the big ETF Exchange event. It’s a giant annual conference with 2000+ people attending in Miami to network, talk ETF’s, and discuss the future of the industry. It’s always a worthwhile hang. (Full agenda here ) My contribution to the event is a live Masters-in-Business with the Vanguard Group’s CEO Tim Buckley. We will be recording it for broadcast next week; even if you cannot make it to Miami tomorrow, you will be able to hear what the CEO of Vanguard Grou

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How CFOs Can Use ERP During a Recession

Navigator SAP

The economic outlook is very uncertain in these post-pandemic times. World Bank president David Malpass gives a 50 percent chance that there will be a world recession in 2023. Goldman Sachs is a bit more optimistic—about the US, at least—forecasting a 35 percent chance of a recession in the US this coming year. Forecasters polled by the Wall Street Journal give it about a 65 percent chance of a recession.

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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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Credit Suisse reportedly pulls C-suite, banker bonuses

CFO Dive

The Swiss bank is aiming to incentivize executives with long-term awards as it attempts to return to profitability. It reported its second consecutive annual net loss.

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Stocks moving big after hours: META, ALGN, ELF

CFO News Room

Rafael Henrique | Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in after-hour trading. Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results. Meta beat analysts’ estimates for fourth-quarter revenue, according to Refinitiv. Meta also said it lost $13.7 billion in 2022 in the business unit responsible for the metaverse.

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The Hype Cycle, Expertise & Dunning Kruger

Barry Ritholtz

I am always fascinated when seemingly random sources converge on the same concept. The current convergence involved some research I was doing centered on Dunning Kruger, Vanguard’s Tim Buckley, my partner Josh’s AI/ChatGPT post, and the general state of the market. It’s like a real-time version of “ The Blind Men and the Elephant ,” by John Godfrey Saxe.

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Compliance reduction & decriminalization of legal provisions will foster ease of doing business

CFO News

With compliances and penalties being eased, it will not only further enhance India’s rank but will get India a tag of being a preferred destination for foreign capital. In addition, this will reduce the burden on the already burdened judicial system to hear and award criminal punishments.

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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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Middle market CFOs face revenue, spending dichotomy: study

CFO Dive

Although a majority of middle market CFOs expect increased revenue in 2023, only 18% plan to increase spending to support that growth, according to a recent study.

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Labor market off to a strong start in 2023: 517,000 jobs added in January as unemployment rate hits historic low

CFO News Room

Posted February 3, 2023 at 9:44 am by EPI Staff Below, EPI economists offer their initial insights on the jobs report released this morning, which showed 517,000 jobs added in January, the unemployment rate hitting a historic low of 3.4%, and wage growth slowing. From EPI senior economist, Elise Gould ( @eliselgould ): Read the full Twitter thread here.

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Peak Substack?

Barry Ritholtz

I get too many emails. So much so that I had to set up separate email addresses for things like subscriptions, etc. I am impressed with the overall quality of Substacks I receive; I have a few favorites that I never miss. But it hass become too easy to add another, and they all it piled up in my inbox, looking a little too much like homework. It recently got worse: I have noticed how many of my subscription emails in the inbox (see above) are now Substacks.

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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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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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Business lobby rips Biden’s stock buyback tax plan

CFO Dive

The push to raise taxes on corporate stock buybacks could hurt America’s retirement savers, as well as entrepreneurs, according to the U.S. Chamber of Commerce.

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January jobs seen slowing slightly, but impact of big layoffs unclear

CFO News Room

Economists expect slightly slower, but still strong job growth in January, while the impact of corporate layoff announcements is unclear. According to Dow Jones, the consensus forecast calls for 187,000 new nonfarm jobs in January, down from 223,000 that were created in December. The employment report will be released at 8:30 a.m. ET Friday. The unemployment rate is expected to edge higher, to 3.6% from 3.5%.

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The Next Bubble is Already Here

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Bear Market Rallies – Another bear market rally or a new bull market? ►AI Bubble of 2023 – ChatGPT had over 100 million users in January.

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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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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.

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Most accounting professionals want more mental health help: study

CFO Dive

“Attracting the next generation of talent to the accountancy profession is vital to healthy economies,” said Jillian Couse, head of ACCA North America.

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Making Performance Reviews Fairer in a Hybrid Workplace

CFO News Room

Creative approaches to performance evaluation are necessary at hybrid workplaces to make sure that all employees are evaluated and developed according to their merit, regardless of where they do most of their work. Workplaces that have successfully managed the evaluations of hybrid employees do three things. First, they define performance in terms of customer satisfaction, company values, core activities, and project completion.

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CFO Club welcomes Yolandi Fourie as its new Head

CFO Talks

Since its launch in July of 2022, the CFO Club has been growing at a rapid rate, welcoming 200 new CFOs from across Africa to its ranks and recently celebrating its 200th podcast recording. Yolandi comes with more than 15 years of experience as a strategy and management consultant. “I get fired up when I get to identify & solve real operational problems, through the application of methodologies centered around the end customer or within a team environment.

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Belski the Bull

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Brian Belski, and Downtown Josh Brown discuss earnings season, recession fears, market sectors, PE expansion out of a bear market, small cap stocks, consumer staples, Bob Iger getting things done, Microsoft vs Google, 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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PowerPoint Best Practices for Creating Stellar Presentations

Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.