CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance industry.

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News

CFO Dive
cfodive.com > news > ex-cfo-gets-prison-sentence-crack-cocaine-embezzlement-scheme > 830103

Ex-CFO gets prison in $4.2M crack cocaine embezzlement scheme

2+ day, 23+ hour ago   (534+ words) New York prosecutors said the former CFO tapped company fuel cards to buy prepaid cards that he then exchanged for drugs. The ex-CFO of A.E. Rosen Electrical was sentenced Wednesday to serve state prison time for embezzling millions from his former…...

CFO Dive
cfodive.com > news > ftc-offers-businesses-new-path-clarify-rules > 830106

FTC offers businesses new path to clarify rules

2+ day, 23+ hour ago   (259+ words) The process will let businesses raise questions about ambiguous or conflicting FTC rules, with the potential for responses published as agency guidance. Businesses will submit their queries via a form that will route the question to appropriate staff, the FTC…...

CFO Dive
cfodive.com > news > producer-price-index-rises-energy-price-surge-lifts-odds-fed-hike-inflation > 830110

Producer price index rises on energy price surge, lifts odds of Fed hike

2+ day, 23+ hour ago   (318+ words) The fresh inflation data prompted traders in interest rate futures to increase the probability that the Federal Reserve will push up the main rate next week. The fresh data on producer prices prompted traders in interest rate futures to increase…...

CFO Dive
cfodive.com > news > lyft-insider-take-cfo-seat-amid-robotaxi-push-avs > 829961

Lyft insider to take CFO seat amid robotaxi push

3+ day, 23+ hour ago   (654+ words) Michael Brous will look to build forward on CFO Erin Brewer’s “fantastic foundation” in assuming the rideshare’s top finance seat later this month, he said. Brous, 39, joined the rideshare company in 2018 through its acquisition of Motivate — the world’s largest “bikeshare…...

CFO Dive
cfodive.com > news > sba-draws-fire-plan-allow-bigger-firms-win-federal-contracts > 829974

SBA draws fire with plan to allow bigger firms to win federal contracts

3+ day, 23+ hour ago   (542+ words) Levels for eligibility will rise tenfold or more in professional services, information technology, engineering and other business categories, an attorney at Schwabe, Williamson & Wyatt said. By expanding contract eligibility, the Trump administration aims “to reward growth rather than force successful…...

CFO Dive
cfodive.com > news > trade-desk-cuts-15-workforce > 829838

The Trade Desk cuts 15% of workforce

4+ day, 23+ hour ago   (9+ words) CFO Dive...

CFO Dive
cfodive.com > news > sysco-grants-ceo-interim-cfo-stock-awards-jrd-acquisition > 829826

Sysco grants CEO, interim CFO stock awards ahead of JRD acquisition

4+ day, 23+ hour ago   (383+ words) The grants, contingent on the closing of the $29 billion acquisition, are intended to “ensure a continuity of leadership,” Sysco said. Also Friday, Sysco announced a revolving credit agreement with Bank of America to establish a $750 million loan facility, used to…...

CFO Dive
cfodive.com > news > inflation-weaker-sales-erode-small-business-optimism-nfib-survey-jobs-employment-fed > 829833

Inflation, weaker sales erode small business optimism: NFIB survey

5+ day, 4+ min ago   (449+ words) The U.S.-Iran war “has escalated the cost of energy, which raises the price of almost everything,” the National Federation of Independent Business said. Job market health is also a top concern among U.S. consumers, the Federal Reserve Bank of…...

CFO Dive
cfodive.com > news > hyperscalers-face-cash-flow-test-ai-capex-surges > 829749

Amazon, Meta among ‘Hyper 5’ facing AI cash-flow test

5+ day, 6+ hour ago   (343+ words) The hyperscalers are projected to spend over $5 trillion on capex from this year through 2030, according to S&P Global Market Intelligence. S&P Global measured investment intensity by comparing capital expenditures with depreciation and found that the current cycle has…...

CFO Dive
cfodive.com > news > ballys-cfo-resigns-weeks-going-concern-warning > 829718

Bally’s CFO resigns weeks after going concern warning

1+ week, 1+ day ago   (350+ words) To boost its liquidity, the casino operator said in August that it was exploring selling assets, an equity sale and debt financings. The casino operator is facing a cash crunch. Last month, Bally’s included a going concern warning in its…...