As Hurricane Joaquin builds strength near the lower east coast of the United States, the swells of finance continue to impact the globe. China’s economic woes limit U.S. expectations for growth, Deloitte claims. The National Association of Credit Management indicates a possible contraction in the future as index declines, while merchants caution against new chip ‘n’ signature cards’ security flaw…
…On the brighter side of things, the U.S. private sector is seeing solid job growth and Tsinghua, a Chinese tech corporation emerges from $3.78 billion deal with U.S. tech firms. Stay bundled up and weather the storm with today’s CFO roundup…
Chief financial officers’ optimism is at its lowest level in almost three years, according to Deloitte.
The downward revision from April’s 3.3% prediction reflects China’s economic slowdown, which has crimped Asia’s export growth.
The index moved closer to contraction territory, “signaling an abundance of caution going into what is supposed to be strong selling season,” says the NACM.
Companies and others are loudly decrying the impending excise tax on high-cost health plans — and for good reason.
>> David McCann
Merchants worry that the chip ‘n’ signature cards being distributed in the U.S. by banks and other issuers are less secure than chip ‘n’ pin.
ADP reports that firms added 200,000 jobs in September, with the largest businesses accounting for more than half of the increase.
The Chinese company continues to emerge from obscurity with a $3.78 billion deal that is its latest collaboration with U.S. tech firms.