Thu.Jun 20, 2024

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Bull Market Signposts: What Happens Before S&P 500 Peaks?

Barry Ritholtz

Making good progress on the book, about 60-70% finished (I feel good about it). I wanted to pop out of hiding to share a few charts/tables that should raise your confidence levels that — despite media coverage to the contrary — we are not on the verge of collapse. I want to direct your attention to the latest missive from Savita Subramanian, who runs the Equity and Quant Strategy group at BAML.

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76% of CFOs at large firms anticipate use of labor-replacing AI

CFO Dive

Automation is a strategic priority for about 65% of companies, both large and small, Duke University’s Fuqua School of Business found.

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Trending Sources

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5-year TIPS reopening auction gets a real yield of 2.050%

Tips Watch

By David Enna, Tipswatch.com The Treasury’s offering of $21 billion in a reopened 5-year Treasury Inflation-Protected Security — CUSIP 91282CKL4 — generated a real yield to maturity of 2.050%, slightly lower than expected.

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With reservations, FASB votes for narrower software rules update

CFO Dive

While some members expressed concerns about not going far enough to modernize the rules, the FASB voted 7-0 to move forward with a more targeted proposal.

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How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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PwC: CFOs should step up to support chief sustainability officers

Future CFO

Among executive committee members, chief financial officers (CFOs) should play a central role in supporting chief sustainability officers (CSOs) in regards with sustainability reporting efforts , according to PwC. CFOs, as custodians of existing financial reporting processes, ‘know what good looks like’ when it comes to investor-grade disclosures. PwC notes that CSOs who engage the finance function can focus more effectively on their areas of distinctive expertise: helping the company realise su

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The Fractional CFO: How To Choose The Right One

CFO Share

Hiring a Chief Financial Officer (CFO) is difficult. Most CEOs have no idea how to vet a finance professional and often choose fractional CFOs for the wrong reasons, such as their likability or interviewing skills. Only after months or years of struggle will they realize their mistake, resulting in a disruptive transition and ruminating regrets. At CFOshare, we cannot afford to make such mistakes, so we have developed a reliable vetting and hiring business process which you can learn from.

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ION XTP Execution wins “Best Sell-Side OMS” at TradingTech Insight Awards – USA 2024

Reval

LONDON – 07 JUNE 2024: ION, a global leader in trading and workflow. The post ION XTP Execution wins “Best Sell-Side OMS” at TradingTech Insight Awards – USA 2024 appeared first on ION.

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Bridging the Generation Gap Within Your Board Today

Capital CFO LLC

Observation reveals that generational diversity is increasing within boardrooms which highlights the importance of bridging the generation gap within your board. Just as a symphony thrives on a blend of instruments, so too does a board flourish with varied generational insights. The previous generation’s wisdom, coupled with the next generation’s innovation, can significantly enhance a […] The post Bridging the Generation Gap Within Your Board Today appeared first on Capital CF

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ION becomes approved vendor for equities trading on BSE

Reval

MUMBAI, India – 12 June 2024: ION, a global leader in trading, analytics, The post ION becomes approved vendor for equities trading on BSE appeared first on ION.

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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

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No.: 2 Dave Conte

CFO Thought Leader

(Databricks) CFO Tenure: 5 yrs. CFO Appts.: 4 Career Span: 36 Yrs. C -Suite: 18 Yrs. The post No.: 2 Dave Conte appeared first on CFO THOUGHT LEADER.

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Hike capex by 25%, reduce GST slabs to maximum of 3 in Union Budget: FICCI tells Nirmala Sitharaman

CFO News

Budget 2024: Industry lobby group FICCI in pre-budget consultation with Finance Minister Nirmala Sitharaman in Delhi emphasized the need to support growth momentum, infrastructure development, rein in food inflation, support MSMEs, and prioritize innovation and research & development for accelerated growth.

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The Mentoring Round | Michael O’Grady, CFO, Permutive

CFO Thought Leader

Inside The Mentoring Round, CFO Michael O’Grady explains how he initially struggled to understand why he wasn’t succeeding despite positive feedback from colleagues. O’Grady explains how he developed strategies to block time for important tasks and manage daily operational duties more efficiently. O’Grady Highlights the importance of clear communication and education about key financial metrics to align the organization’s efforts. 1,010: When SaaS Became His Native Langua

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Where is India’s Nvidia?

CFO News

We are miles away from building a company equivalent to Nvidia. But my question is, are we thinking about it? Do we have a thought process or any plans? I haven't heard anyone talking about even building a trillion-dollar company. Well, it's a gigantic proposition but shouldn't India think about it?

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2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

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ION Markets – Bond Pricing

Reval

ION Markets – Bond Pricing The post ION Markets – Bond Pricing appeared first on ION.

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Stanley Lifestyles Group CFO Discusses IPO Plans and Growth Strategy

CFO News

In a recent interview with ET CFO, Pradeep, the Chief Financial Officer of Stanley Lifestyles Group, shared insights about the company's upcoming IPO, strategic plans, and financial health.

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4 Benefits of SaaS-Based Accounting Software for Manufacturing Companies

CFO Plans

In the ever-evolving landscape of the manufacturing industry, staying ahead of the curve is crucial. One way to ensure your company remains competitive is by adopting SaaS-based accounting software. Discover how CFO Plans can help you streamline your financial management today. This cloud-based solution offers a myriad of benefits that streamline operations, enhance data security, and boost efficiency in manufacturing accounting processes.

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RBI flags pursuit of growth at cost of risk buildup

CFO News

India's banking regulator cautioned lenders against pursuing 'mindless' business growth to avoid exposing the financial system to risks. RBI Governor Shaktikanta Das emphasized the importance of balancing business growth with risk management.

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Unlock The Power Of The CFO Toolkit

Speaker: Duke Heninger

With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.

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Nvidia loses top spot to Microsoft after 3% drop

CFO News

Nvidia, whose market capitalisation surpassed that of Microsoft on Tuesday, was set to lose around $91 billion to its last closing market value of $3.34 trillion, at the current level of $131.88.

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Centre urges states to align labour rules with model guidelines, WB asked to draft rules for all labour codes

CFO News

Labour secretary Sumita Dawra chaired a virtual meeting with labour secretaries and labour commissioners of all 36 states and union territories on Thursday to gauge the readiness of all states to roll-out the Code and to assess the quality of pre-published draft rules by the states.

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India’s online gaming sector needs tax certainty against retrospective taxation

CFO News

The online gaming industry in India is currently navigating a tumultuous phase, marked by substantial tax demands under the Goods and Services Tax (GST) law from July 2017 to September 2023.

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Ola Electric secures Sebi approval for Rs 5,500 crore IPO

CFO News

Ola Electric's IPO would be the first by an EV startup in the country and amongst the biggest new-age IPOs this year. The Bengaluru-based company had filed its DRHP with Sebi on December 22, proposing to raise up to Rs 5,500 crore through a fresh issue, apart from an OFS component of 95.2 million shares.

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How Top CFOs Solve Annual Planning’s Biggest Challenges

Gearing up for 2025 annual planning? Our latest eBook from the Operators Guild is your ultimate guide. Discover real-world solutions and best practices shared by top CFOs, drawn directly from discussions within OG’s vibrant online community. Learn from senior executives at high-growth tech startups as they outline financial planning strategies, align CEO and board goals, and coordinate budgets across departments.

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Unicorn count may rise to 152 in 5 years with valuation over $1 billion

CFO News

According to the ASK Private Wealth Hurun India Future Unicorn Index 2024, India is poised to witness the addition of at least 152 new unicorns (startups valued over $1 billion) from 31 cities over the next 3-5 years. This growth would expand the current count of 67 unicorns. Throughout the year, there has been notable activity in the future unicorn list, with 25 startups dropping off.

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LEDs. and ACtion: White goods PLI may see light of day, again

CFO News

The government is considering reopening the Production-Linked Incentive Scheme for White Goods (PLIWG) to boost domestic manufacturing of high-value components like compressors, copper tubes, and aluminium foils. The Department for Promotion of Industry and Internal Trade (DPIIT) is reaching out to industry players to gauge their interest in investing in the scheme, which aims to increase production of air-conditioner and LED light components.

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Lufthansa-Air India partnership can extend beyond Star Alliance: Carsten Spohr

CFO News

Lufthansa and Air India are exploring opportunities to deepen their collaboration within the Star Alliance framework, aiming to enhance customer benefits and market presence.

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Focus on capex and review MSME schemes, ASSOCHAM urges finance minister in pre-budget talks

CFO News

Deepak Sood, Secretary General of ASSOCHAM called for improving the ease of doing business by setting up a National Single Window System (NSWS) and decriminalizing economic offenses to create a more business-friendly environment.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a