July 11 - Powell: Fed to cut main rate before inflation hits 2% | ADM seeks fresh start with CFO pick

Fed will cut main rate before inflation falls to its 2% goal: Powell

A decline in the Federal Reserve’s preferred inflation measure to 2.6% has prompted policymakers to focus more on the cooling job market, Fed Chair Jerome Powell said.

Newly-appointed UPS CFO faces shipping, cost quandary

Brian Dykes faces the tough challenge of boosting shipping volumes without subsequently increasing costs, West Monroe’s Jeremy Tancredi said.

How Deel is building truly global payroll

Chipotle CFO Jack Hartung to retire after two decades at chain

Adam Rymer, the company’s current vice president of finance, will become CFO in January.

Powell spotlights risks to jobs, wants more gains against inflation

The job market in recent months has shown signs of returning to its pre-pandemic trend, with demand for labor easing and unemployment rising to 4.1% in June.

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Intuit layoffs hit 1,800 workers to accelerate its AI ambitions

What to Watch When Bank Earnings Season Kicks Off, in 10 Charts

AMD to buy Finnish start-up Silo AI for $665mn in drive to compete with Nvidia

Microsoft Gives Up Observer Seat in OpenAI Board, Apple Also Unlikely to Join