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."
Labor Cost Index Rises 0.7% in Fourth Quarter
“Overall, compensation costs are likely to remain subdued going forward, reflective of a high level of unemployment that will restrain wages."
Visa Beats Estimates on Online Shopping Surge
“Our performance in the fiscal first quarter reflected solid results and continued positive momentum in a challenging COVID-19 environment."
AMC Raises $917 Million to Keep Theaters Open
The new equity and debt capital "means that any talk of an imminent bankruptcy for AMC is completely off the table."