Uber to Switch to ‘Hybrid’ Work Model in September
The combination of in-person and remote work "will give people the freedom to do their best work while staying connected to their colleagues."
Pickup in CFO Optimism Continues in Q1
The growing optimism "is evident in the robust expectations firms have for revenue and employment growth in 2021," according to The CFO Survey.
Jobs Market Continues Surge With 916,000 Gain
With government relief checks and the accelerating vaccine rollout, "there is finally real light at the end of the tunnel."
CFOs See Silver Linings to Coronavirus Crisis
Grant Thornton reports that more than 60% of CFOs cited improved flexible and remote work environments as an upside of the pandemic.
Fed Nixes Further Capital Relief for Banks
The Fed's decision means banks can no longer exclude Treasury bonds and deposits held at the central bank from their supplementary leverage ratio.
Fed Holds Line on Rates Despite Rising Prices
The central bank expects to maintain ultralow rates until “inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.”
Heineken to Replace Laurence Debroux as CFO
Debroux is stepping down as the world’s second-largest beer maker focuses on restoring operating profit margins to pre-pandemic levels by 2023.
U.S. Household Debt Hits Record $1.4 Trillion
Americans beefed up their mortgage balances to a new high, taking advantage of near-zero interest rates.
Rolls-Royce Hires Former Deloitte Partner as CFO
Panos Kakoullis will join Rolls as it tries to weather the historic aerospace downturn resulting from the coronavirus pandemic.
U.S. Factory Orders Climb 1.1% in December
Manufacturing has been driven by strong demand for factory goods "as 23.7% of the labor force works from home because of the COVID-19 pandemic."
Surprising Earnings Growth Seen for Fourth Quarter
"Upbeat fourth-quarter results would bolster expectations for a strong rebound in earnings in 2021."