The Trump administration is in the process of refunding tens of billions of dollars in tariffs to importers in the wake of a Supreme Court decision in February invalidating them, but the threat of further tariffs has clouded the picture for companies turning to their accountants for help. Processing Content The refunds are coming from…
A Texas district court this week issued a temporary injunction against a wind turbine recycling company that has stockpiled thousands of wind turbine blades at two facilities in Sweetwater. The temporary injunction orders Global Fiberglass Solutions to immediately cease accepting shipments of wind turbine blades and to remove all the blades within the next two…
Dive Brief: PepsiCo expects tariff refunds it has claimed to yield about one percentage point of earnings-per-share growth this year, giving the company a needed boost as it manages higher costs and changing consumer spending patterns, CFO Steve Schmitt said during a Thursday earnings call. The beverage and snacks giant reported second-quarter net revenue of…
Amazon (AMZN 0.73%), the company most people file under “expensive growth stock,” trades at a lower forward price-to-earnings ratio than two old-school retailers, Walmart (WMT +1.48%) and Costco Wholesale (COST +0.33%). The forward P/E ratio, for anyone newer to this, simply measures how many dollars investors are paying today for each dollar of a company’s…
With SpaceX trading around $2 trillion, Anthropic raising at a $965 billion post-money valuation, and OpenAI is expected to follow, we’re in for a hot IPO summer. Add in a steady stream of smaller offerings—from Jersey Mike’s to Bending Spoons—and wealth advisors are bracing for a fairly compressed window in which employees who joined these…
Cetera has brought in another Commonwealth Financial Network team, led by Edward Duffy and his Lexington Financial, which manages about $608 million in client assets. The Braintree, Mass.-based firm also includes advisors John Walsh and William Creesy, as well as support staff. “Leaving Commonwealth wasn’t something we took lightly after 32 years,” Duffy said in…
Two notable trends continue to bolster the capital markets landscape. Of course, investor appetite for businesses in artificial intelligence (AI) remains robust. The view is that this is a groundbreaking technology that will have a meaningful impact on the economy. Additionally, the market is captivated by anything Elon Musk is working on. His grand visions…
Editor’s note: This is the second report of a two-part series exploring the potential risks and benefits as CFOs weave artificial intelligence into company operations. CFOs and technologists are prone to superlatives when describing the coming impact of artificial intelligence, labelling the technology more disruptive than — to name a few — the steam engine,…
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Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Overland Park, Kansas-based Med James, Inc. Terms of the transaction were not disclosed. Med James is a managing general agency (MGA) and wholesale insurance broker serving retail agents. Pam Donahue and the…