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Adidas announced on Thursday that former executive Birgit Kretschmer will succeed Harm Ohlmeyer, who has served as chief financial officer since 2017. Kretschmer will take up the new role at the end of the year and join the executive committee in September. On the day of the announcement, the company's shares fell by approximately 11.5%, partly due to investor disappointment over the choice of an insider rather than an external change agent.
CleanSpark is advancing its biggest strategic bet in history: developing a 175 MW AI data center campus in Sandersville, Georgia, with a 20-year, $6.6 billion lease signed with an unnamed global technology company. In an exclusive interview, President and CFO Gary Vecchiarelli reflected on the journey of rebuilding the finance organization since taking over in 2021, explained why AI is a natural extension of the company's power asset portfolio, and shared insights gained amid the dramatic transformation of the Bitcoin mining industry.
The quarterly economic confidence index jointly released by ACCA and IMA shows a reading of -26.5 for the second quarter of 2026, improving from -39.5 in the first quarter, but still well below the historical median. During the survey period, 83% of CFO respondents reported rising costs, with economic pressure surpassing geopolitical issues as the primary risk.
The Financial Accounting Standards Board (FASB) voted on Wednesday to advance a "targeted improvements" project for goodwill accounting, proposing to eliminate the annual impairment test and shift the testing level from reporting units to operating segments to simplify the model and reduce costs.
Grant Thornton Advisors and CBIZ announced a $5 billion all-cash merger agreement, expected to close in the fourth quarter. The combined company will operate in more than 20 countries and regions, with annual revenue of nearly $7.5 billion and over 34,500 employees, becoming the fifth-largest professional services, tax, and consulting firm in the United States.
The Federal Reserve kept the federal funds rate unchanged in the 3.5%-3.75% range at its July meeting, but three regional Fed presidents dissented, advocating for a 25-basis-point rate hike. Chair Warsh called the internal debate a "benign family quarrel" and emphasized the commitment to achieving price stability.
An exclusive Intuit survey found that 57% of finance executives missed strategic actions in the past six months due to delayed financial data, with only 14% using same-day data for major decisions. Data silos and manual processes remain major obstacles, with a single data source serving as a dividing line between high-growth companies and their peers.
Grant Thornton announced on Wednesday that it will acquire CBIZ for $5 billion, forming the fifth-largest tax, consulting, and professional services enterprise in the U.S. upon completion. The combined entity is expected to have annual revenue of $7.5 billion and nearly 35,000 employees worldwide. The deal continues the deep influence of private equity on the accounting industry, sparking discussions about consolidation trends and potential risks within the sector.
The U.S. Supreme Court's ruling in Trump v. Slaughter grants the president the power to dismiss heads of independent agencies at will, potentially leading to frequent regulatory policy shifts and increasing compliance risks and costs for businesses. Legal experts recommend that companies enhance compliance efforts and adopt proactive monitoring.
According to the latest report from CoworkingCafe, the total shared office space in the U.S. reached 166 million square feet in Q2 2026, up approximately 17.5% year-over-year. The median monthly rent for open desks and dedicated desks decreased from $225 to $219, while hourly meeting room rates remained stable at $45. A Yardi commercial data director predicts that the share of coworking in office building inventory will continue to rise over the next five to seven years.