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According to survey results released by the Wharton School on Tuesday, 72% of business leaders have established structured processes to track AI return on investment through metrics such as productivity, profitability, and throughput. Among respondents evaluating generative AI investments, three-quarters reported seeing positive returns so far. The survey also found that 88% of leaders expect to increase spending on generative AI in the coming year, and 62% anticipate double-digit growth in spending over the next two to five years.
FASB voted 6-1 on Wednesday to advance a stablecoin accounting project, focusing on clarifying whether stablecoins and similar assets can be treated as cash equivalents. This move stems from feedback on the 2025 agenda consultation and recommendations from President Trump's Digital Asset Working Group, aiming to reduce uncertainty in GAAP application.
The Federal Reserve announced on Wednesday that it would cut its key interest rate by 25 basis points to a range of 3.75%-4%, the second rate cut of the year. Although the decision received majority support, there are internal differences over the future path. Chair Powell warned that a December rate cut is far from certain and cited uncertainties including tariffs, AI investment, and a potential government shutdown.
Chipmaker GlobalFoundries announced on Monday that CFO John Hollister has stepped down immediately for personal reasons after just over a year in the role. The company appointed Senior Vice President Sam Franklin as interim CFO and initiated a search for a permanent successor. On Tuesday, GlobalFoundries announced a €1.1 billion (approximately $1.3 billion) investment to expand its Dresden, Germany, plant, with annual capacity expected to exceed 1 million wafers by the end of 2028.
The latest report jointly released by the Massachusetts Institute of Technology (MIT) and the Council of Supply Chain Management Professionals (CSCMP) shows that despite significant changes in the global policy environment in 2025, approximately 73% of companies still maintain their supply chain sustainability commitments. Based on a survey of 1,203 supply chain professionals across 97 countries, the report finds notable differences between North American and European companies in drivers, data tools, and measurement methods, while also pointing out that supplier data availability is the biggest obstacle to measuring Scope 3 emissions.
In the context of technology reshaping the finance function, the importance of CFOs' soft skills is increasingly prominent. This article brings together perspectives from multiple CFOs, exploring how soft skills such as adaptability, empathy, emotional intelligence, communication, and collaboration help financial leaders navigate change and lead their teams.
Finance departments operate on rules, but the best CFOs know when to be flexible at critical moments. This article explores the line between breaking rules and acting recklessly, and how to earn trust through principled exceptions.
NCC Group's latest report reveals that ransomware attacks rose by 28% month-on-month to 421 in September, the first increase in six months. North America and Europe accounted for three-quarters of the incidents, with the industrial sector suffering 29% of attacks. Despite an overall 5% decline in the third quarter, groups like Qilin and Akira remain highly active.
After a strong third-quarter earnings report, Adobe announced new generative and agentic AI features for products such as GenStudio and raised its full-year revenue guidance. The company's CEO called AI the biggest opportunity in decades, with multiple AI products achieving their annual recurring revenue targets ahead of schedule.
The latest biennial report by the American Institute of Certified Public Accountants (AICPA) shows that the total number of undergraduate and master's graduates in accounting in the United States for the 2023-2024 academic year decreased by 6.6% year-over-year, a slowdown from the 9.6% decline in 2022-2023 and the 7.4% decline in 2021-2022. Among them, the number of master's graduates in accounting plummeted by 15%, while undergraduate graduates only fell by 3.3%. Although the supply side continues to contract, the slowing pace of decline is seen as a positive signal by the industry. Meanwhile, the profession is attracting talent through measures such as reforming the 150-credit requirement for CPA licensure, and the number of students currently enrolled in accounting programs has increased by 12% year-over-year.