When it comes to measuring ROI for AI spending, revenue generation currently ranks as the top metric (51%), followed by profitability (38%) and productivity (36%), KPMG found. Productivity, which held ...

The announcement reflects a growing trend in which Microsoft and other tech vendors are promising the next stage in generative AI applications.

While 75% of mid-sized companies have begun preparing for new climate-related regulations, 84% of respondents said they are monitoring developments before taking further action.

Amid minor headwinds to economic growth, “client concerns have shifted from recession to re-acceleration,” according to analysts at Bank of America Securities.

Declining interest rates are opening the gateway for a “regrowth” of funding activity, Huntington Bank CFO Zachary Wasserman said.

AI has spurred M&A volume in 2024, Dykema said, noting 55 transactions targeting AI start-ups during the first quarter compared with 38 during the final quarter of last year.

The Securities and Exchange Commission alleged that last decade RTX, formerly known as Raytheon, used bogus subcontracts with a supplier to pay bribes of nearly $2 million.

Mexico is poised to replace Canada as the second-most popular country for nearshoring, as its share of U.S.-serving supply chains is expected to rise to 36%.

Two-out-of-five accountants said they most frequently face ethical challenges at work because of weaknesses in company leadership and culture, the ACCA said.

The group said Intuit’s decision to halt the ad, which also drew pushback from the National Association of Tax Professionals, is a “positive step.” ...

Recent signs of vitality have prompted some economists to mark up growth forecasts, despite weakness in manufacturing and a hiring slowdown early in the summer.

Finance chiefs should look to maintain robust, flexible portfolios as election and economic risks continue to impact volatility, Bloomberg’s Tanvir Sandhu advised.