Yellen says commercial real estate losses may leave banks ‘quite stressed’; Costco taps former Kroger finance chief to serve as CFO; Clorox says it incurred $49M in costs from 2023 cyberattack; Fed pivots to considering when to cut main interest rate: Powell
Explore how ESG goals are transforming the CFO role, what CFOs can do to prepare their organization for ESG reporting and how the SEC is expected to approach ESG enforcement in this Trendline.
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Judge Arthur Engoron shone a spotlight on the ex-CFO’s credibility in a Tuesday email, asking attorneys in the Trump civil fraud case for clarity on the potential plea.
Bank regulators aim to avert turmoil caused by a slump in the value of commercial real estate, Treasury Secretary Janet Yellen said in testimony to a House committee.
Gary Millerchip, a key architect of the grocer’s pending merger with Albertsons, is taking over from Richard Galanti, who is leaving the club retailer after nearly 40 years.
The breach caused system disruptions that led to order processing delays and “significant product outages,” negatively impacting net sales and earnings.
Inflation will likely cool during the first six months of 2024, Federal Reserve Chair Jerome Powell said, adding that the central bank is unlikely to reduce borrowing costs in March.
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