Jim Tyson
Senior Reporter at CFO Dive
Senior Reporter at CFO Dive. Tweets are not endorsements and opinions are my own.
Articles
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2 days ago |
cfodive.com | Jim Tyson
Pessimism among audit partners surged this quarter on concerns that the U.S. economy will fall into recession, with 44% of top audit professionals holding a gloomy view of the outlook compared with 10% last fall, the Center for Audit Quality said Thursday. Sixty percent of audit partners identified a downturn as one of the largest risks for businesses, and optimism plunged to 15% from 38% during the period, the CAQ said, describing results of a quarterly survey.
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3 days ago |
cfodive.com | Jim Tyson
U.S. companies slowed hiring last month and activity in the service industry fell, according to data released Wednesday, signaling that the initial bite from Trump administration tariffs may have begun harming core components of the economy. An index for service sector prices rose in May and new orders declined, as both gauges recorded levels unseen since late 2022, the Institute for Supply Management said in a report on its services index.
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4 days ago |
cfodive.com | Jim Tyson
Imposition of the highest U.S. tariffs since the 1930s will stoke inflation as uncertainty from other Trump administration policies slows U.S. economic growth to 1.6% this year from 2.8% in 2024, the Organization for Economic Cooperation and Development forecast Tuesday. A big decline in immigration and large cuts to the federal workforce will also inhibit growth, the OECD predicted in a quarterly report on the world economy.
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5 days ago |
cfodive.com | Jim Tyson
U.S. manufacturing slumped in May for the third consecutive month, the Institute for Supply Management said Monday, as the Trump administration pushed on with its plan to revive the country’s manufacturing sector by imposing the highest tariffs on imports in decades.
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1 week ago |
customerexperiencedive.com | Jim Tyson
This audio is auto-generated. Please let us know if you have feedback. Consumer pessimism about the future eased in May after a five-month gain amid a cooling in the U.S.-China tariff war, the Conference Board said TuesdayThe Consumer Confidence Index rose by 12.3 points this month to 98, the Conference Board said.
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CFOs will likely face higher costs if they delay preparations for an SEC rule requiring disclosure of greenhouse gas emissions and climate risks. #sustainability #esg #sec #esgreporting https://t.co/vZbyV9sKc3
A growing number of critics call ESG “woke capitalism,” yet their opposition stands little chance of trashing an SEC rule that would require disclosures on climate risk. https://t.co/VJEBKzwLqY
CFOs facing a tight #labor market are struggling to hire and retain professional staff, as well as minimum wage #workers in retail, hospitality and other sectors. #CFO #cfoinsights #employeeretention #cfos https://t.co/cXTY6pzPec