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GitLab announced the appointment of Jessica Ross as Chief Financial Officer, effective January 15, alongside the release of its fiscal 2026 third-quarter results. Ross brings over 25 years of financial and operational leadership experience, having previously worked at companies including Salesforce and Frontdoor.
Kate Gulliver, Chief Financial Officer of Boston-based furniture retailer Wayfair, noted that amid persistent economic uncertainty, the company's finance team must remain agile, flexibly adjust forecasting processes, and closely integrate with business teams. She emphasized that contribution margin must remain above 15%, while the company is leveraging AI tools to enhance efficiency and plans to continue expanding market share in 2026.
Warehouse retailer Costco filed a lawsuit on Friday with the U.S. Court of International Trade, alleging that tariffs imposed by the Trump administration under the International Emergency Economic Powers Act (IEEPA) are illegal and demanding a full refund of paid duties. The complaint emphasizes that because customs 'liquidation' procedures for some imported goods could be completed as early as December 15, 2025, the company faces 'imminent and irreparable harm' if legal action is not taken promptly.
The ISM manufacturing PMI fell to 48.2%, remaining in contraction territory for the ninth straight month. New orders declined for the third consecutive month, employment contraction accelerated, and tariff and policy uncertainty suppressed export demand. Meanwhile, manufacturing activity in New York state unexpectedly accelerated, and S&P Global reported output growth, but high inventories and profit pressures suggest deeper concerns. Federal Reserve officials hinted at possible interest rate cuts to support the economy.
According to preliminary Mastercard SpendingPulse data, Black Friday e-commerce retail sales (excluding automotive) increased 10.4% year-over-year, while physical store sales grew 1.7%. Early RetailNext data shows store foot traffic on Black Friday and Saturday decreased 5.3% year-over-year. The apparel category performed notably, with online growth of 6.1%.
AWS and Google Cloud announced a joint multi-cloud collaboration initiative on Sunday, designed to make it easier for customers to connect the two cloud platforms. The collaboration is currently in preview and is planned to expand to Microsoft Azure by 2026. This move is seen as a response by cloud giants to the multi-cloud trend and may drive the establishment of industry interoperability standards.
Artificial intelligence is reshaping how finance executives work, but tax advisors who fail to evolve in tandem may become a weak link in corporate strategy. This article presents six signals to help CFOs determine whether their tax partners remain stuck at the "tax filing" level rather than acting as true strategic collaborators.
A report released Monday by technology company Digitate indicates that nearly three-quarters of North American enterprises expect to operate 'semi-autonomous or fully autonomous' information technology systems by 2030, compared to 45% currently. The report states that enterprise AI adoption has reached a 'critical turning point,' and the rapid rise of AI agents is accelerating the arrival of the autonomous IT era. However, research from Capgemini and Gartner simultaneously suggests that declining trust, rising costs, and insufficient governance may put some projects at risk of cancellation.
iHeartMedia announced in a securities filing on Monday that Executive Vice President and Deputy Chief Financial Officer Michael McGuinness will be promoted to Chief Financial Officer on January 1, 2025, succeeding Richard Bressler. Bressler, who has served as CFO since 2013 and also as COO since 2015, will continue as President and COO after stepping down from financial duties. McGuinness will report to Bressler. This change contrasts with the recent trend of some companies merging the CFO and COO roles.