CFO Dive

The highest U.S. tariffs since the 1930s, while not triggering a sudden surge in prices as widely anticipated, will likely fuel a significant rise in inflation that lasts into next year, economists at the Federal Reserve Bank of Atlanta said, citing business surveys. The absence of a sudden jump in prices has fueled a debate over whether fears of price gains from import taxes were overblown, the economics said in a research note. Yet cost and price expectations, as gauged in recent business surveys, “suggest a delayed — but nevertheless meaningful — impact from tariffs,” they said. #tariffs #inflation https://lnkd.in/gByKCWtn

U.K.-based B&M EUROPEAN VALUE RETAIL SA on Monday said its CFO is stepping down as the company revealed it did not correctly recognize about £7 million ($9.39 million) of overseas freight costs in its cost of goods sold, resulting in a “material” impact on its fiscal year 2026 outlook. Mike Schmidt, the discount retailer’s finance chief since 2022, told the board he plans to step down from his post though he will stay with the company until “a replacement is in place to ensure an orderly transition,” the company said in its release. #accounting https://lnkd.in/gcq63mVZ

CFOs must determine how tariffs can impact pricing and supply chain strategies to avoid letting their “ripples” turn into a tsunami, according to an opinion piece authored by EY’s Al Paul. "The ongoing discourse surrounding tariffs and trade policies highlights the complexities that CFOs and the C-suite must navigate in today’s economic landscape," he said. https://lnkd.in/e5Y5AF2X #tariffs

Retail spending rose in September, though higher prices appear to be driving some of the month’s growth, according to various reports. Due to the government shutdown, the U.S. Department of Commerce didn’t release its retail sales report for September on Thursday as planned. Other reports show mixed results. https://lnkd.in/eCyDjaKQ #shutdown

The outlook of CEOs soured this quarter on concerns that the economy will slow in the face of stubborn inflation, the The Conference Board and Business Council found in a survey. Thirty-eight percent of CEOs predict economic conditions will worsen in the next six months compared with 30% during the third quarter. https://lnkd.in/evzteutE #inflation

For finance chiefs to have a transparent view of what stablecoins can do and how they can fit into one’s business, they need to think about the assets in a different way, said Clare Adelgren, global head of blockchain sales and operations for Big Four firm EY. “If I was a CFO, I think you sort of have to turn [stablecoins] a little on its head,” and consider them from the perspective of a technologist — where they can be viewed, ultimately, as a “re-design” of the payment rails, Adelgren said. #crypto #stablecoin #accounting https://lnkd.in/e9PEg-zb

Prologis raised its full-year earnings guidance on Wednesday as executives noted an improved outlook around tariff-related volatility, with President Dan Letter saying on the company earnings call that customers have “definitely become more desensitized to the short-term noise as they look at making long-term decisions.” The executives’ tone this week was brighter than that struck on the company’s Q1 call, which took place shortly after President Donald in April acted on his longstanding pledge to enact broad-based levies on global imports. Trump’s policies have resulted in the highest U.S. tariffs since the 1930s. #CRE #supplychain https://lnkd.in/eZy5WNw7

Zuora’s Todd McElhatton sees the argument that a potential return to six-month reporting periods would hamper investor access to information as an unfounded one: “Frankly, I don’t buy that,” McElhatton, the software company’s chief operating and financial officer, told CFO Dive in an interview. In September, President Donald Trump returned to a push he had made in his first term to shift to six-month reporting periods — ditching the quarterly reports which have been mandated by the U.S. Securities and Exchange Commission since 1970. #SEC #financialreporting https://lnkd.in/gPnchviP

Oracle on Wednesday announced that it was expanding its portfolio of artificial intelligence agents for corporate finance professionals, adding a tool for accounts payable teams among other offerings. The new agents, embedded into Oracle’s Fusion Cloud Applications suite, were unveiled in conjunction with the enterprise software giant’s 2025 “AI World” conference in Las Vegas. #AI #accounting https://lnkd.in/gW49RzKc

A federal judge on Tuesday gave attorneys more time to mediate a lawsuit filed in June by the former finance chief of Miami-based The Real Brokerage. The suit alleges the company discriminated against her based on her gender and pregnancy, firing her for manufactured reasons to “clear the way for her less qualified and unencumbered male successor.” Judge Analisa Torres granted a joint request from lawyers for ex-CFO Michelle Ressler’s attorney and her former employer which paves the way for a full-day Oct. 30 private mediation proposed by the parties. #FamilyLeaveAct #CFO https://lnkd.in/gn4Cb9Ew