Category: Finance

2023 Guide to travel and expense management

Posted on By Gusti
Finance
Travel and expense management is a massive undertaking, whether you have 50 employees who travel for business or 5,000. Accurately collecting and reporting on all travel-related expenses is a challenge for finance managers worldwide. Fortunately, in recent years, things have changed. Today, modern software eliminates the need for paper expense reports, manual reimbursement processes, and back-and-forth approvals.  In this guide, we dive into travel and expense management. We showcase the signs that your processes may not be up to date, and the solutions available to help you improve your processes. All about travel expense management  Travel and expense management (T&E)…

EV giant reports Q4 revenue and profit beat; Cybertruck to start production later this year

Posted on By Gusti
Finance
Tesla stock is trading slightly higher in after hours following the EV maker reporting a Q4 earnings revenue and profit beat. In addition, the company announced its Cybertruck is on track for production later this year. For the quarter, Tesla (TSLA) reported: That revenue represents another record high for Tesla, up over $2 billion sequentially from Q3 and nearly $7 billion from a year ago. On the profitability end, Tesla is reporting adjusted net income of $4.1 billion, nearly $400 million more than Q3 and over $1.3 billion more than a year ago. Tesla said it has “sufficient liquidity” to…

Campbell Soup Names New CFO as It Looks to Continue Strong Growth

Posted on By Gusti
Finance
Campbell Soup Co. appointed its next finance chief as the soup and snack maker looks to build on its recent growth. The Camden, NJ-based company on Wednesday said Carrie Anderson will become chief financial officer, effective Feb. 6. She succeeds Mick Beekhuizen, who was named president of Campbell’s meals and beverage division in November. Carrie Anderson, incoming CFO at Campbell Soup Co. Photos: Campbell Soup Co. Ms. Anderson is set to join Campbell from medical technology company Integra LifeSciences Holdings Corp. , where she has been CFO since June 2019. Integra plans to launch a search for her replacement, the…

The 7 Best Business Travel Insurances in the UK & US

Posted on By Gusti
Finance
Buying business travel insurance is a tricky concept. You know you probably need it – if something goes wrong on a work trip, you definitely don’t want to get caught out of pocket. But you’re also most likely not going to make a claim, and therefore paying a significant amount can feel like a waste of money. We can’t make the prices cheaper, but we can help by sharing some of the best options available on the market. At least if you’re going to fork out for insurance, you’ll know that you’ve got the coverage you need. What to look…

Government finance statistics: net financial worth – Products Eurostat News

Posted on By Gusti
Finance
The general government financial accounts cover transactions in financial assets and liabilities as well as the stock of financial assets and liabilities. The difference between the stock of financial assets and the stock of liabilities is called net financial worth. At the end of the third quarter of 2022, the EU net financial worth stood at -€7 684 billion or -49.6% of gross domestic product (GDP). Compared with the end of the second quarter of 2022, the EU net financial worth improved by €282 billion. Compared with the end of the third quarter of 2021, the EU net financial worth…

Why Remote Work Increases Employee Retention

Posted on By Gusti
Finance
To fight this, it’s essential to make an effort to stay related with your staff. Regular video calls, digital coffee breaks, or online team-building actions may help keep a way of community. It’s also crucial to maintain a social life exterior of work, whether that is meeting pals for dinner or becoming a member of local golf equipment or teams. Allowing staff to work at home means they’re working, even when they can’t make it into the office. The absence of office distractions permits for deep focus, and the flexibleness to work during their best hours leads to more environment…

Dow leads stocks lower ahead of Powell testimony: Stock market news today

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Finance
Stocks ended the session lower Tuesday as investors awaited Federal Reserve Chairman Jerome Powell’s testimony and eyed potential headwinds to the recent rally, including concerns about China’s economy. The Dow Jones Industrial Average (^DJI) fell 0.72%, or more than 200 points. The S&P 500 (^GSPC) was down about 0.47%, while the Nasdaq Composite (^IXIC) dropped 0.16%. Worries about the health of China’s economy, the second-biggest in the world, persisted as Beijing’s latest cut to a key lending rate fell short of hopes. Markets are also bracing for Powell’s two-day testimony to a House committee set to start Wednesday, watching for…