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Nike's fourth-quarter sales for fiscal year 2026 were flat, with continued weakness in the Chinese market, inflationary pressures, and the Middle East situation weighing on performance. The company expects no significant improvement in the macroeconomic environment over the next six months and announced several adjustments, including a CFO change.
In the first half of 2026, the US tech industry laid off 139,156 people, accounting for nearly one-third of total national layoffs, a year-over-year increase of 83%. Artificial intelligence was the top reason for layoffs for the fourth consecutive month, with companies such as Cloudflare, Snap, and Block having announced related job cuts.
Following Anthropic's launch of its new Claude financial agent, KPMG announced a global alliance with the AI giant. David Neuenhaus, KPMG's new global head of asset management, told CFO Dive in an interview that this partnership is a 'step change' and elaborated on the motivations behind the collaboration, cultural fit, and data protection measures.
The fiscal assessment report released by the Irish Fiscal Advisory Council in June indicates that, excluding 'excess corporation tax,' Ireland will face a deficit of 11 billion euros in 2026. The report warns that corporation tax revenue is highly volatile and unsuitable for permanent spending commitments, and notes that the government plans to save only 1 euro out of every 6 euros in tax revenue.
Comcast plans to spin off NBCUniversal and Sky through a tax-free separation, with former CFO Michael Angelakis returning as CEO and current co-CEO Mike Cavanagh set to become CEO of NBCUniversal. The split is expected to be completed within about a year.
As the complexity of corporate financial operations increases, the role of spreadsheets in FP&A has evolved from an efficient tool to a potential source of risk. Based on the practical experience of Goldman Sachs analyst Albin Joseph, this article dissects pain points such as version control and manual reconciliation, and points out that governance is more critical than technology, with the introduction of AI further highlighting the necessity of governance.
The application of generative AI in tax and accounting faces challenges. A 2026 report from the Thomson Reuters Institute shows that only 34% of tax firms use GenAI at the organizational level. General large language models excel at language generation but are not reliable calculators, and they carry risks such as knowledge cutoffs and hallucinations. David Wong proposes four questions to help determine whether AI tools meet professional tax standards.
Blue Bridge Group AI's 2026 AI Barometer analyzed annual reports of 275 major European and American index constituent companies and found that companies disclosing specific AI strategies performed better in stock prices. In 2024, companies mentioning AI saw an average stock price increase of 1.3%, while those not mentioning it saw a decline of 16.7%, a gap of 18 percentage points. American companies are more cautious in their attitude toward AI risks, with negative mentions accounting for 63%, much higher than their European counterparts.
The latest Kitchen Table Project survey reveals that rising prices for groceries, gasoline, and other goods have caused widespread economic pressure across all segments of U.S. consumers. 67% of respondents noted that meat and poultry prices are especially difficult to afford, and nearly four times as many respondents attributed the cost-of-living crisis to rising prices rather than stagnant wages.
Robinhood CFO Shiv Verma has handed over the chief accounting officer duties to newly appointed Chief Accounting Officer Dara Bazzano, effective June 25. Bazzano, who previously served as chief accounting officer at T-Mobile US and Gap, will report to Verma.