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Yahoo
an hour ago
- Yahoo
CFOs shift strategies as economic uncertainty dims growth outlook
Good morning. Economic confidence among finance chiefs has taken a sharp hit. Deloitte's Q2 2025 CFO Signals report, released this morning, gauges the sentiment of 200 finance leaders in North America at companies with at least $1 billion in revenue. The CFO confidence score came in at 5.4, indicating medium confidence, compared to the Q1 reading was 6.4—high confidence. The survey, conducted from June 4 to June 18, found growth expectations declined across every key operational metric. In fact, CFOs lowered projections for revenue, earnings, and capital investments. Fewer than a quarter (23%) of CFOs rate the North American economy as 'good now.' In comparison, 50% of the finance chiefs offered the same optimistic response in the Q1 survey. Just one in three CFOs believe now is a good time to take on more risk—the lowest reading since the third quarter of 2024—and well down from the 60% number in Q1. Meanwhile, 46% of CFOs surveyed say the U.S. capital market is undervalued, and 41% say it's overvalued. More than half (53%) view debt financing as attractive, 41% for equity. I asked Steve Gallucci, the global and U.S. leader of Deloitte's CFO Program, whether tariff uncertainty was the main cause of decline in optimism. He emphasized that broader global uncertainty is the real driver. 'Anytime there's uncertainty—whether it's policy, geopolitics, the economy, or capital markets—CFOs become less bullish,' he explained. While tariffs are one contributing factor, Gallucci noted that the survey doesn't single them out, and that the overall mood is shaped by a constellation of unpredictable forces. He pointed to last year's U.S. presidential election as an example: 'There was a lot of uncertainty around the outcome, and CFO optimism dipped. Once the election was settled, optimism spiked. Now, new uncertainties around policy and the broader environment have taken hold, and sentiment has dropped again.' CFOs cited the top external risk as the economy (53%). With growth expectations and revenue projections falling, how are CFOs responding? Gallucci described the current environment as a recalibration, not a retreat. Rather than pulling back, finance leaders are doubling down on fundamentals: —Sharpening focus on growth drivers: CFOs are revisiting where growth can realistically come from, both organically and elsewhere. —Managing controllable risks: Finance chiefs are prioritizing what they can influence—cost discipline, talent strategy, and technology-enabled initiatives. —Staying active in M&A: Despite risk aversion, there's ongoing interest in mergers and acquisitions, with some signs of increased IPO activity in the first half of the year. Gallucci highlighted the growing importance of technology investments—from disruptive innovations to generative AI. However, he noted CFOs are still moving cautiously on AI adoption. As companies expand their tech platforms, cybersecurity remains a leading external concern (51%). 'Cyber will always stay at the top of the CFO risk list,' Gallucci said, especially as businesses rely more on third-party providers and digital infrastructure. CFOs cited a trio of top internal risks: talent availability (46%), lack of agility/resilience (46%), and cost management (45%)—as nearly equal in importance. Gallucci explained that these risks are deeply interconnected. Disrupted supply chains and potential policy changes are driving scenario planning around cost management. Meanwhile, the talent challenge has shifted from hybrid work logistics to capability gaps: 'Do I have the right skill set within my finance organization to support the future—one that will rely more on technology, automation, and AI?' he explained. CFOs are focused on upskilling, recruiting for new capabilities, and tapping into broader talent pools to ensure their teams are prepared for what's next. Deloitte's Q2 CFO survey reveals a finance leadership community grappling with uncertainty. They're actively working toward solutions to weather the storm of unknowns and position the company for future growth. Sheryl This story was originally featured on
Yahoo
2 hours ago
- Yahoo
Elon Musk's Blunt Two-Word Reply To Longtime Tesla bull
Tesla (NASDAQ:TSLA) shares tumbled nearly 7% after Elon Musk fired back at Wedbush's Dan Ives with a blunt Shut up, Dan, following calls for the board to rein in Musk's political pursuits. Ives had urged a new pay package to grant Musk 25% voting control, time guardrails on his CEO duties and oversight of his political activities. The stock drop comes amid Musk's announcement of a new political party, which William Blair and other analysts say risks diverting attention during a crucial autonomous and robotics ramp. Tesla delivered 466,140 vehicles in Q2 but faces growing scrutiny as its market value hovers near $500 billionhalf a trillion tied to Musk's leadership. William Blair's note warned that investors are growing tired of the distraction, while TipRanks' Luca Socci labeled Tesla a clear sell given politics-driven volatility. Why it matters is that boardroom tension over Musk's focus could unsettle shareholders just as Tesla readies its robotaxi rollout. Investors will be watching the board's response and Q3 delivery update for signs that Musk's political ambitions won't derail Tesla's growth trajectory. This article first appeared on GuruFocus.
CNBC
4 hours ago
- CNBC
This quirky growing consumer product stock may get an additional boost from Brad Pitt, according to Bank of America
Shares of global product design and technology company SharkNinja could see even more upside, in part due to Oscar-winning film star Brad Pitt, according to Bank of America. The bank reiterated its buy rating on the name and upped its price target to $130 from $125, which implies more than 23% upside from Tuesday's closing level. This comes as the stock has already soared more than 37% in the past three months and about 23% in the last month, outpacing the broader market on both fronts. SN 3M mountain SN, 3-month "We expect continued market share gains in both new and existing categories, while new product innovation could lead to increased wholesale distribution," analyst Alexander Perry wrote in a note dated Tuesday. Notably, a pickup in recent point-of-sale data from Nielsen signals that SharkNinja's North American sales could see mid-single-digit percentage growth for the second quarter, Perry said. That would be above the company's guidance for low-single-digit percentage growth. "We believe better inventory availability post China shipment pause likely supported acceleration in sell-through at the end of June, with core categories including Vacuums tracking well above the full quarter growth trend," the analyst continued. What's more, shares could also move higher due to the release of "F1: The Movie," as Perry believes that Brad Pitt starring in the film could raise awareness in international markets. The film has garnered more than $293 million at the global box office , becoming Apple's highest-grossing theatrical release. "We believe SN's recent sponsorship of Brad Pitt's racing team in the new F1 Movie should help drive global brand growth at a time when SN is focused on formally marketing SN as one entity and expanding its presence in [Europe, Middle East and Africa], especially in France & Germany, which are the movie's #3 and #5 highest grossing markets," he wrote. Perry's bullish view is among the majority of analysts on Wall Street. All but one of the 13 total analysts covering the stock have a strong buy or buy rating, and its average target of roughly $122 calls for around 16% upside. Shares were about 2% higher in midday trading Wednesday.
