E78 Partners
DECEMBER 5, 2024
While we can all agree that AI’s impact on IT is significant and will continue to grow, are organizations prepared to manage the growing costs on their IT budgets? Estimates suggest that AI projects could take up to 10% of IT budgets yearly, and this figure is likely to increase. Additionally, as AI spending rises, traditional infrastructure costs will also escalate.
CFO Dive
DECEMBER 5, 2024
It’s likely the incoming CEO will have a foundry background, David Zinsner, CFO and interim co-CEO for Intel said during a conference Wednesday.
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Barry Ritholtz
DECEMBER 5, 2024
We lost one of the greats this week: Art Cashin passed away Sunday at the age of 83. CNBC’s Bob Pisani did a wonderful remembrance of Art: “In the intensely competitive and often vicious world of stock market commentary, Cashin was that rarest of creatures: a man respected by all, bulls and bears, liberals and conservatives alike.” It made me want to share a few of my favorite Art Cashin stories… I first met Art when I was a newbie strategist in the 2000s.
CFO Dive
DECEMBER 5, 2024
The change is part of a broader management shake-up at Etsy as it grapples with declining sales.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
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Global Finance
DECEMBER 5, 2024
Banco Davivienda of Grupo Bolívar is reportedly working on a deal with Scotiabank for their Colombia and Central America assets. Rumors of a sale started in December 2023 when president and CEO of Scotiabank, Scott Thomson, announced a global strategy to seek higher returns from developed markets. At the time, Thomson said they would analyze how Latin American business performed in 2024 and 2025.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
Global Finance
DECEMBER 5, 2024
European banks are scaling-up their IT network defenses against a surge in data breaches and Distributed Denial of Service (DDoS) cyber-attacks. AXA, Nordea, Abn Amro and Banco Santander are among the financial groups targeted by what banks are describing as a “completely different scale” of hostile threat from the cyber domain. This latest generation of cybercriminals are becoming bolder and more innovative in how they target banks.
CFO Dive
DECEMBER 5, 2024
John Regan, currently Fluor’s executive vice president and chief accounting officer, will step into the role on March 1, 2025.
Global Finance
DECEMBER 5, 2024
Mexicos new President Claudia Sheinbaum announced measures last month to steady the finances of the state-owned oil company Pemex, which experienced another round of losses this fall. In September, Pemex announced a third-quarter loss of 161.5 billion Mexican pesos (US$8 billion). Factors contributing to the losses included decreased total sales; increased fixed asset deterioration, especially in hydrocarbon processing plants; and losses on foreign exchange.
CFO Dive
DECEMBER 5, 2024
The president-elect picked Paul Atkins for Securities and Exchange Commission chair, who experts expect to prioritize maximizing corporate returns over ESG considerations.
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CFO Talks
DECEMBER 5, 2024
The Inquisitive CFO: Leveraging Curiosity for Company Growth Curiosity is often overlooked as a professional skill. Yet, for a Chief Financial Officer (CFO), curiosity can be a secret weapon to drive company growth. Being inquisitive is not just about asking questions; it’s about fostering a mindset that challenges the status quo, uncovers hidden opportunities, and builds a culture of innovation.
Global Finance
DECEMBER 5, 2024
Nubank’s latest financial results underscore what its major investors Warren Buffett and Cathie Wood seem to have long known: the unicorn fintech is well on track to consolidating its position as the world’s largest digital bank. In the latest quarter, the firm reported an adjusted net profit of $592.2 million, thanks to increasing geographical reach and improving margins.
Future CFO
DECEMBER 5, 2024
As the payments landscape in the Philippines undergoes significant evolution, the country is set to see a more seamless, secure, and interconnected setting in 2025, according to Visa. Finance leaders, as 2024 comes into its wrap-up, now ought to look forward and plan ahead, and definitely get all the resources and research they can have to map out a blueprint for their organisation's future.
Global Finance
DECEMBER 5, 2024
Lulu Retail Holdings, a major operator of hypermarkets in the Middle East, raised $1.72 billion last month in an initial public offering (IPO) that was more than 25 times oversubscribed and the largest listing in the United Arab Emirates (UAE) this year. The company sold approximately 3 billion ordinary shares, representing 30% of issued share capital.
Speaker: Ashley Harlan, MBA
What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.
Jedox Finance
DECEMBER 5, 2024
As traditional budgeting methods fall short, modern CFOs are pivoting towards advanced tools and technologies to stay competitive in a volatile and unpredictable landscape. In this article, we’ll explore the role of AI in budgeting and forecasting. Discover how AI tools equip financial planning & analysis (FP&A) teams with the critical insights needed to guide [.
Global Finance
DECEMBER 5, 2024
Company brass is stepping into the digital front line, tapping coffers to defend against cyberattacks. Each year, chief financial officers find themselves facing an increasingly complex landscape of cybersecurity threats that jeopardize their organizations financial stability and reputation. From ransomware attacks targeting confidential data to sophisticated phishing schemes exploiting payment systems, the stakes have never been higheror more expensive.
CFO Talks
DECEMBER 5, 2024
Members’ Profile: Ntombi Melamu In this edition of our CFO Spotlight series, we are featuring Ntombi Melamu, the Managing Director and Founder of FinAscend, a firm she established in 2019 to support small and medium-sized businesses with tailored financial solutions. With over 15 years of experience in financial management, she has held key roles at Nedbank, Imperial Bank, and Regiments Capital, where she developed expertise in corporate finance, reporting, and business strategy.
Global Finance
DECEMBER 5, 2024
Brenda Lovcik is senior vice president and CFO of Trex, a manufacturer of wood-alternative composite decking, railing, and other outdoor items made from recycled materials. Headquartered in Winchester, Virginia, Trex is listed on the New York Stock Exchange. Global Finance : You have been the financial head of Trex for almost a year now. What has been the biggest challenge so far?
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CFO News
DECEMBER 5, 2024
Ahead of the 55th GST Council meeting on December 21, experts highlight the need for a simplified GST system to foster India's economic growth, advocating for a three-tier structure that reduces complexity, enhances transparency, and benefits both businesses and consumers.
Global Finance
DECEMBER 5, 2024
Nearly two years after its debut, Goldman Sachs ponders whether its Digital Asset Platform (DAP) should become an independent, standalone business. The platform, housed in the bank’s Digital Assets business, allows users to issue debt and cash offerings as tokenized assets and manage them throughout their lifecycle. The bank expects to make its final decision in 12 to 18 months, reported Bloomberg.
Global Finance
DECEMBER 5, 2024
To avoid trade barriers, Chinese companies are investing in Europe. Spain is ready to play the connector country between the European bloc and the People’s Republic. Its government agreed to work with Chinese turbine giant Envision Energy to build a €1 billion green hydrogen industrial park. Car makers are also scouting the old continent. The threatened increase in tariffs on Chinese electric vehicles that could reach as much as 45% boosted the search for joint ventures and direct investments in
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
Global Finance
DECEMBER 5, 2024
Bluesky is rapidly gaining traction, as disillusioned users leave X (formerly Twitter). Initially funded by Twitter and launched as an invite-only community, the platform is now experiencing exponential growth, particularly following Donald Trump’s victory in the US presidential election on November 6. According to The Verge, as of November 13, Bluesky had over 15 million users.
Global Finance
DECEMBER 5, 2024
The Walt Disney Companys Indian media business and Reliance Industries Ltd (RIL), which owns Viacom18 Media Private Ltd, received regulatory approval last month to merge their Indian assets, forming an $8.5 billion joint venture. The merger creates Indias largest media and entertainment company, featuring more than 100 television channels and producing more than 30,000 hours of television content annually.
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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