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1st Quarter 2024 Economic And Market Outlook: Potential Increased Volatility, Threats To Economic Growth, And Equity Markets

Nerd's Eye View

Yet, by taking a measured look at factors driving economic activity and influencing behavior, advisors can help clients face risks they can't control and (hopefully) position themselves to take advantage of opportunities as they develop. Meanwhile, a smorgasbord of potential risks threatens economic growth's "soft landing" narrative.

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Foot Locker, JD.com, Gap and others

CFO News Room

in premarket trading after an unexpected return to profitability and better-than-expected sales. in the premarket after the housewares retailer said it would not reiterate or update its outlook through fiscal 2024 due to economic uncertainty. Williams-Sonoma reported better-than-expected sales and profit for its latest quarter.

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Navigating IFRS, Key Updates and Changes

CFO Talks

IFRS 9 Financial Instruments: Managing Expected Credit Losses IFRS 9 introduced the concept of expected credit losses (ECL), which means companies must recognise potential credit losses earlier, based on a forward-looking model. CFOs must ensure stakeholders understand this shift and its implications for financial statements.

IFRS 52
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Netflix, Coinbase, Alphabet, SVB Financial & more

CFO News Room

after CEO Sundar Pichai announced the company will lay off 12,000 employees noting in a memo that the company “hired for a different economic reality than the one we face today.” The manufacturer reported adjusted earnings of $1.59 The Wall Street firm said PagerDuty is poised for a pivot to profitability.

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Danny Kahneman: What if Everything is Narrative Fallacy?

Barry Ritholtz

“Our comforting conviction that the world makes sense rests on a secure foundation: Our almost unlimited ability to ignore our ignorance.” – Daniel Kahneman The loss of Danny Kahneman is a reminder that we should review some of his work and apply them to the current market. The following year similarly saw a substantial 28% rally.

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All about types of financial statement reports

Spreadym

The three main types of financial statements are: Income Statement (Profit and Loss Statement) Balance Sheet (Statement of Financial Position) Cash Flow Statement Income Statement (Profit and Loss Statement) The income statement summarizes a company's revenues, expenses, and profits or losses over a specific period, typically quarterly or annually.

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Global Car Makers Skid Deep Into Red In Second Quarter

PYMNTS

The worldwide COVID-19 economic crash has sent major automakers’ revenues and profits plunging over a cliff. For its part, Germany’s Volkswagen said on Thursday (July 30) that it had a net loss of $1.9 billion profit in the same time period in 2019, according to The Wall Street Journal. suffered losses as well.