by Sunil Sahil
Several Finance and Accounting Professionals Are Confident in the Job Market; Here’s How CPA Firms Can React
The Bureau of Labour Statistics reports that there have been fewer job vacancies and resignations in the United States over the past few months. Overall, this is good news for employers. But that doesn’t mean CPA firms are finding it any simpler to fill open positions or keep the valuable staff members they already have. … Read more
AI fund inflows decline as US interest rate concerns mount
While the smaller ROBO Global Robotics & Automation Index ETF experienced withdrawals of $14.3 million, the larger Global X Robotics & Artificial Intelligence ETF saw net inflows of $1.8 million in September following significant outflows in the previous month. However, according to Lipper data, both funds experienced their greatest monthly net inflows of 2023 in … Read more
As US Treasury yields reach multi-year highs weigh, Hong Kong equities decline.
Tuesday saw a dramatic decline in Hong Kong shares as the markets were under pressure from U.S. Treasury yields reaching a 16-year high. By the midday break, the Hang Seng Index had fallen 3%, hitting its lowest level since November 2022. While the Hang Seng Tech Index lost 2.9%, the Hang Seng China Enterprises Index … Read more
In a see-saw start to Q4, Nasdaq climbs but Dow declines: today’s stock market headlines
At closure, the Dow Jones Industrial Average (DJI) decreased by around 0.2%, while the S&P 500 (GSPC) turned slightly above the flatline. The historically low values in the technology sector were cited by Goldman Sachs strategists as a reason for the tech-heavy Nasdaq Composite’s (IXIC) 0.7% gain. In an unexpected turn of events, Congress reached … Read more
Finance executives switch to defence mode, according to the U.S. Bank CFO Insights Report.
According to the 2023 U.S. Bank CFO Insights Report, U.S. corporate finance chiefs have decisively shifted their attention from revenue development to cost containment as they navigate through an uncertain economic environment and a quickly evolving business landscape. Cost controls within the finance department, up from the eighth greatest priority in 2021, and cost controls … Read more
The following topics, according to BofA, will be prevalent in markets for the remainder of this decade: fiscal excess, Main Street strength, and US “debasement.”
The world’s markets are undergoing a seismic change. Interest rates are rising from 5,000-year lows by central banks around the world, signalling the end of extraordinarily good returns for stocks and bonds. And, according to Bank of America, that is just one of the crucial themes that will shape the remainder of this decade. A … Read more