Wed.Dec 04, 2024

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Nearly Half Of US Unicorns Have Foreign-Born Founders

Global Finance

Research shows that immigrants to the US play a significant role in entrepreneurship and the economy at large. Ilya Strebulaev, a professor in the Venture Capital Initiative at Stanford Graduate School of Business, analysed data from 500 unicorns between 1997 and 2019. The dataset includes information on 1,078 founders, of whom 44% were identified as non-U.S.

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Powell says solid economy gives Fed time to mull rate cut pace

CFO Dive

Powell’s comments align with those of other Fed officials in recent days who backed a cautious approach to future reductions in borrowing costs.

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China’s $1.3 Billion Peru Gamble Redraws Global Trade

Global Finance

A new $1.3 billion deep-water megaport in Peru will likely become the latest battleground in a rumbling trade dispute between the US and China. The 15-berth port at Chancay, around 80 kilometers (about 50 miles) north of Lima on the Peruvian coast, was jointly inaugurated by Peru President Dina Boluarte and China’s President Xi Jinping as part of the Belt and Road Initiative (BRI).

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Creating a tech-forward senior accounting talent strategy: EY

CFO Dive

To retain top talent, CFOs need to balance senior accountants’ experience against AI’s promise, EY’s Daren Campbell said.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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The Finance Leader’s Playbook: Insights from the Journey

Future CFO

Finance leadership is undoubtedly not a cakewalk, as it involves various roles for the organisation to grow and drive value. Chief finance officers now work as strategic advisors to the C-suite team, with specific strategies at hand to bring in innovation for the company as a whole. Every decision is crucial to the overall results and endpoint of each and every plan and initiative, that is why it is necessary that finance leaders have a clear view of the road they have to take.

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Europe’s Bold Answer To Starlink And Kuiper

Global Finance

IRIS2, the European satellite communications program, is finally taking off. The response to Elon Musk’s Starlink and Jeff Bezos’ Kuiper is the SpaceRISE consortium. Two years after launching the project, the European Commission awarded the contract to build its satellite mega constellation to a consortium of satellite fleet operators: Eutelsat (France), SES (Luxembourg) and Hispasat (Spain).

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At the Money: Meb Faber on Tax Aware ETFs

Barry Ritholtz

At the Money: Deferring Capital Gains on Appreciated Equity. (December 4, 2024) Are you holding large, concentrated equity positions that have accrued big gains? Would you like to diversify but also defer paying big capital gains taxes? Meb Faber, founder and chief investment officer of Cambria Investments, speaks about a new ETF that may be the solution to the challenge of concentrated equity positions.

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Global Migration Hits New Highs, Sparks Growth And Debate

Global Finance

Legal migration to the world’s wealthiest nations reached unprecedented levels in 2023. According to the Organization for Economic Cooperation and Development (OECD), approximately 6.5 million people migrated through permanent legal routes to its 38 member countries last year, a nearly 10% increase from 2022’s 6 million. The data comes as the debate surrounding migrants escalates, fueling right-wing gains in elections in many countries.

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Members’ Profile: Christopher Holton

CFO Talks

Members’ Profile: Christopher Holton In this edition of our CFO Spotlight series, we are featuring Christopher Holton, whose career reflects a deep commitment to both personal and professional growth. As the current Financial Director at Denso South Africa, Christopher has held key positions that span multiple industries, including logistics, fuel terminals, and manufacturing.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Europe’s Bold Answer To Starlink And Kuiper

Global Finance

IRIS2, the European satellite communications program, is finally taking off. The response to Elon Musk’s Starlink and Jeff Bezos’ Kuiper is the SpaceRISE consortium. Two years after launching the project, the European Commission awarded the contract to build its satellite mega constellation to a consortium of satellite fleet operators: Eutelsat (France), SES (Luxembourg) and Hispasat (Spain).

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Embracing Flexibility in Leadership Roles: A Skill Every CFO Needs 

CFO Talks

Embracing Flexibility in Leadership Roles: A Skill Every CFO Needs Flexibility isn’t about being indecisive or chaotic. Instead, it’s the ability to adapt to challenges, consider new perspectives, and adjust plans while keeping the bigger picture in mind. As a CFO, mastering this skill can make you a more effective leader and help you guide your organisation through both turbulent and exciting times.

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Ramgoolam’s Comeback Signals New Era For Mauritius

Global Finance

Historically, Mauritius voters have a reputation for speaking in absolute terms. They lived up to it last month, when they chose Navin Ramgoolam, the candidate of the Alliance du Changement (ADC) coalition, to form a new government as prime minister. Ramgoolam’s victory against incumbent Pravind Jugnauth was a rout. The ADC won 60 of 62 seats in the National Assembly, underscoring public exasperation with Jugnauth’s seven-year rule.

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Decision-Making in Nonprofits: Insights from a Data Expert

The Charity CFO

In the latest episode of A Modern Nonprofit podcast, host Tosha Anderson sat down with Sawyer Nyquist, a data expert who specializes in analytics and data management for nonprofits. Their conversation explored the strategic role of data in the nonprofit sector and how organizations can leverage it to achieve their goals more effectively. The Data Dilemma Tasha kicked off the discussion by highlighting a common issue in the nonprofit world: many organizations have an abundance of data but struggl

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Arnault Son Is Tapped To Lift LVMH’s Spirits Unit

Global Finance

Alexandre Arnault, one of French luxury goods titan Bernard Arnault’s sons, will serve as deputy chief executive of LVMH’s wines and spirits division, Moët Hennessy. The unit includes champagne houses Moët & Chandon, Dom Pérignon, and Veuve Clicquot, as well as cognac brand Hennessy. Starting in February, the 32-year-old heir will work alongside LVMH’s longtime CFO, Jean-Jacques Guiony, who will also join Moët Hennessy as its new CEO.

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How RIAs Can Launch A Private Fund: Legal Requirements And Common Missteps

Nerd's Eye View

In the competitive market for financial advice, advisory firms often seek to find ways to differentiate themselves from one another. For firms with high-net-worth clientele, one way to do this is to offer alternative investments, such as private equity, private debt, or hedge funds, which may offer clients the ability to invest in a more diverse range of assets.

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GST Compensation Cess: Experts call for Gradual phase-out, seek long-term tax reforms

CFO News

Ahead of the 55th GST Council meeting on December 21, Punjab's Finance Minister has urged an extension of the GST Compensation Cess beyond March 2026. Experts are divided, with some arguing it ensures financial stability for states, while others warn of long-term fiscal and economic concerns.

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Hyundai Breaks Precedent With New CEO

Global Finance

Hyundai Motor Co. has appointed José Muñoz, its North American chief and global COO, as CEO, marking the first time a major South Korean conglomerate has elevated a foreign national to the top position. Muñoz has been credited with driving record sales in the US, a key market for the world’s third largest car manufacturer alongside its affiliate, Kia.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Tata Electronics takes a page from Foxconn’s book to go beyond Apple

CFO News

He said the company was having "good discussions" ongoing with multiple companies like Microsoft, Dell, HP and a number of others - both for assembly and component supply.

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Trump taps crypto lobbyist, business consultant to lead SEC

CFO Dive

Trump’s nominee, Paul Atkins, served as a commissioner at the SEC under former President George W. Bush.

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Wrap 2024: From Infosys to Apple, most discussed CFO exits of the year

CFO News

2024 saw quite a lot of CFO resignations across major industries, reflecting shifts in leadership amid evolving challenges. We take a look at the top departures that made news.

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Botswana Turns A Political Page

Global Finance

Botswana, the world’s second largest diamond producer, ended 58 years of single-party dominance by the Botswana Democratic Party (BDP) last month, as incumbent President Mokgweetsi Masisi, who had served one term, conceded defeat, enabling a historic and peaceful transition of power to Duma Boko, a 54-year-old Harvard-educated human rights lawyer who leads the opposition Umbrella for Democratic Change (UDC).

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Delhi HC asks SFIO not to take coercive action against Hero Electric Vehicles for now

CFO News

The Delhi High Court intervened in the Hero Electric FAME II subsidy case. The court halted the SFIO probe. Hero Electric and the Ministry of Heavy Industries will attempt to resolve their dispute. The ministry will report back to the court on December 20. Hero Electric faces allegations of misusing subsidies.

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Too Early To Say

Global Finance

VOL. 38 NO. 11 The big news of the last few weeks is Donald Trump’s victory in the US presidential election, accompanied by a clear Republican majority in the US House of Representatives and the Senate. We know the results, but the new administration will only start working as of next month. We also know the new administration’s announced programs, priorities, and key nominations for the new cabinet.

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Akash Systems signs $27 million deal with NxtGen for diamond cooled AI servers

CFO News

“We are collaborating with Akash to set an industry benchmark for sustainable AI. Through a combination of Akash’s diamond cooling, waterless liquid cooling, and advanced GPUs from NVIDIA and AMD, we are able to double the performance per watt,” said AS Rajgopal, CEO & MD of NxtGen.

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Indian startups democratising biz, converting job seekers into job creators: Piyush Goyal

CFO News

The domestic startup ecosystem is driving transformative change by democratising business and converting job seekers into job creators, Union Minister of Commerce and Industry, Piyush Goyal, said on Thursday.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O'Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng