Execs’ Optimism About Economy Drops to 34%
Trade tensions and the China slowdown "have contributed to a sense of uncertainty and pessimism about the global economy," AICPA says.
Banks See Tighter Standards on Loans in 2019
The Fed's latest survey of loan officers shows "an increasing number of banks bracing for a lending slowdown.”
Slump in MBA Applications Hits Elite Schools
A new survey suggests Harvard, Wharton, and Stanford are starting “to show signs of struggling to lure young professionals out of the strong job market.”
CFOs Back Immigration Reform to Aid Hiring
The Duke/CFO Global Business Outlook survey shows strong support among finance chiefs for easing restrictions on foreign students.
IFIAR Reports Decline in Audit Deficiency Rate
While IFIAR says the audit deficiency rate “is trending downward on an overall basis," it urges firms to continue strengthening quality control systems.
Digital Disruption Fueling Divestment Plans
EY reports the number of companies planning to complete a divestment in the next two years more than doubled to 87% from 43% in 2017.
Banks Continue Easing C&I Loan Standards
Nearly every bank that responded to a Fed survey attributed eased standards to more aggressive competition.
Competition Spurs Easing of C&I Loan Terms
Among senior loan officers, "more aggressive competition from other bank or non-bank lenders was by far the most emphasized reason for easing."
Consumer Confidence Shows Surprise Gain
The Conference Board's index rose to its second-highest level of the year despite economists' expectations of a drop.
Job Seekers Gloomy About Salary Prospects
A New York Fed survey finds the average full-time offer wage received declined from $58,880 to $49,250 between March and July.