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Delta Air Lines issued a press release and securities filing on Thursday announcing a series of executive changes: Erik Snell will succeed Daniel C. Jenki as CFO, with the latter moving to COO; Peter Carter is promoted to President; and Ranjan Goswami becomes Chief Marketing and Product Officer. All changes take effect on April 1.
According to the latest KPMG survey, in light of potential refunds arising from the U.S. Supreme Court's ruling that some tariffs are invalid, most corporate executives tend to reinvest funds in supply chain diversification, R&D, and capital expenditure, rather than shareholder returns or customer rebates. The survey also shows that only a few companies plan to completely eliminate price increases caused by tariffs.
Senior Judge Richard Eaton of the U.S. Court of International Trade issued an order requiring Customs and Border Protection to liquidate or reliquidate unliquidated and non-final entries without regard to tariffs imposed under the International Emergency Economic Powers Act. This action is seen as the most significant progress in the refund process since the Supreme Court ruled the tariffs invalid.
ISM data showed that U.S. service sector expansion in February was the fastest since mid-2022, with the new orders index rising 5.5 percentage points month-over-month and the business activity index up 2.5 percentage points. The supplier deliveries index climbed for the 15th straight month, with 14 industries reporting growth and only 3 contracting. Steve Miller, chair of the ISM Services Business Survey Committee, said that despite lingering tariff uncertainty, businesses are equipped to handle policy changes.
GitLab's new CFO, Jessica Ross, stated on Tuesday's first earnings call that the company is recalibrating its approach to investor guidance with a greater focus on transparency. She noted that despite a strong overall fiscal year 2026, the U.S. market has shown weakness, and some large customers have experienced deal delays. The company has incorporated these factors into its forward guidance.
The latest reports from Cornerstone Research show that in 2025, the number of accounting and auditing enforcement actions initiated by the SEC fell from 31 in 2024 to 10, a decrease of 68%; the number of enforcement actions finalized by the PCAOB fell from 51 to 37, a decrease of 27%. The SEC's total monetary settlements plummeted from $907 million to $31 million, with 98% occurring in the final weeks of outgoing Chair Gary Gensler's tenure. The PCAOB's monetary penalties decreased by 50% year-over-year to $17.6 million.
Marvin Pyles, former Chief Financial Officer of Indian River State College, filed a lawsuit on February 25 in the Circuit Court of St. Lucie County, Florida, against the college, President Timothy Moore, and the Board of Trustees, alleging whistleblower retaliation, defamation, and breach of contract. Pyles claims that during his tenure from April 2021 to April 2024, he discovered financial irregularities at the college, including fake vendors, improper purchase orders, and mismanagement of donated funds, and was subsequently terminated. The lawsuit seeks reinstatement, back pay, and damages of up to $50,000 for each claim.
A survey released by the Federal Reserve on Tuesday shows that nearly three-quarters of small businesses view inflation as their biggest financial challenge, with 42% listing tariffs as a major issue. 48% of small businesses import goods, and 84% of those report higher import prices. New York Fed President Williams said tariffs have significantly raised import prices, and the full impact has not yet fully materialized.
Connor Augustyn, Managing Director at consulting firm West Monroe, says CFOs have lost patience with vague AI promises and must define specific KPIs for ROI, recommending pausing AI projects and realigning strategies when outcomes cannot be quantified.
West Virginia has become the latest state to establish alternative pathways for CPA licensure. Governor Patrick Morrisey signed legislation on Monday, allowing candidates to obtain licenses without completing 150 college credit hours, which typically requires five years of higher education. The new rules take effect on May 24, offering three pathways that combine different educational backgrounds, work experience, and exam requirements. This move aims to alleviate the talent shortage in the accounting industry and respond to competitive pressures from reforms in neighboring states such as Ohio.