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In Germany, the HDE retail association is forecasting the strongest slump in Christmas sales since 2007, with retail sales in the crucial November-December period seen dropping by 4% year on year on a price-adjusted basis. In the United Kingdom, a raft of surveys indicate half or more Britons plan to spend less this Christmas. Should September's sharp drop in retail sales be repeated in December, it would be the worst outcome since comparable annual records began in 1989. Official data showed UK retail sales volumes, excluding fuel, dropped 6.2% year on year in September. Another association Acotex expects retailers to offer slight discounts during the holiday season as consumer demand slows.

☆ We're still a long way from the point where the Fed cuts rates, says KPMG's Swonk
▼ + stars: | 2022-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're still a long way from the point where the Fed cuts rates, says KPMG's SwonkDiane Swonk, KPMG chief economist, joins 'Power Lunch' to discuss the Federal Reserve's upcoming trajectory, pockets of the economy where inflation remains strong and whether the Fed is focusing on companies' labor moves.

☆ Peru cuts growth forecast due to global slowdown, political delays
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

Peru is the world's second-biggest producer of copper, considered an economic bellwether due to its many uses across industry, transport, communications and construction. Burneo also broadened Peru's 2023 growth projection to between 3.1% and 3.9%, from an August estimate of 3.5%. He announced 10 new measures aimed at promoting growth via public investment, private sector projects and boosting domestic consumption. Protests have repeatedly disrupted transport along Peru's main copper corridor in recent months, causing an extended shutdown at China-based MMG's (1208.HK) Las Bambas mine. But despite the downwardly revised forecast, Deputy Finance Minister Alex Contreras told reporters the government's fiscal targets are "guaranteed."

☆ Wage gains are adding to inflation, says KPMG's Diane Swonk
▼ + stars: | 2022-11-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWage gains are adding to inflation, says KPMG's Diane SwonkKPMG’s Diane Swonk, joins 'The Exchange' to discuss the impact of wage inflation on the economy and the Fed.

☆ How to create employee-resource groups at your business so both existing and new employees feel welcome
▼ + stars: | 2022-10-27 | by ( Rachel Durose | ) www.businessinsider.com time to read: +6 min

This article is part of Talent Insider, a series containing expert advice to help small business owners tackle a range of hiring challenges. To create a feeling of belonging, entrepreneurs should create employee-resource groups, nine human-resources and diversity, equity, and inclusion leaders told Insider. Nine HR and diversity, equity, and inclusion leaders share their advice for small-business owners interested in starting and supporting employee-resource groups at their companies. "There needs to be a positive outcome for having the ERG group," she said, referring to employee-resource groups. At KPMG, one-third of employees engage in the company's employee-resource groups, Richards added.

☆ We'll continue to see double-digit declines in home sales, says KPMG's Swonk
▼ + stars: | 2022-10-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe'll continue to see double-digit declines in home sales, says KPMG's SwonkDiane Swonk, KPMG chief economist, joins 'Power Lunch' to discuss whether the U.S. is currently in a housing recession, if the housing sector is a leading indicator for the rest of the economy and more.

But she said the current priorities for global economic officials were controlling inflation, improving fiscal policy after massive spending early in the pandemic, and finding ways to buffer developing countries against the global rise in interest rates. How do we build fiscal space given that we've used up so much" fighting the initial shock of the pandemic? Studies have begun documenting a potentially permanent blow to labor supply from the pandemic. In the United Kingdom, long-term illness has sidelined more than 377,000 people since the start of the pandemic, about 1% of the labor force. It may be only the beginning of understanding what the pandemic has meant and how the world may need to prepare for the next shock.

☆ Britons turn to electric blankets and candles as winter looms
▼ + stars: | 2022-10-11 | by ( Sarah Young | ) www.reuters.com time to read: +4 min

Market research released on Tuesday showed that grocery inflation hit another new record of 13.9% in September, deepening the cost-of-living crisis, while BRC-KPMG data showed people were investing in items to help them save cash. Nine out of 10 people surveyed by Barclaycard in Britain from Sept. 23-26 said they were concerned about household energy bills. Over half of those surveyed by Barclaycard said they were planning to cut down on discretionary spending so they can afford their energy bills this winter, with nights out most likely to be canned. Rival JD Wetherspoon's said last week that its sales had been boosted by young people drinking cocktails and spirits. Coffee and sandwich chain Pret A Manger said on Tuesday that it would raise staff pay for a second time this year.

☆ Here are Wednesday's biggest analyst calls: Apple, Estee Lauder, Cisco, Micron, PayPal, Nvidia & more
▼ + stars: | 2022-09-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Deutsche Bank reiterates Nike as buy Deutsche said it's standing by shares of Nike heading into earnings next week. Canaccord downgrades Stitch Fix to neutral from buy Canaccord downgraded the online personal styling service after the company's disappointing earnings report. " Goldman Sachs upgrades Estee Lauder to buy from neutral Goldman said in its upgrade of the stock that investors should buy the weakness. Deutsche Bank reiterates Costco as buy Deutsche said it sees upside potential heading into earnings on Thursday. " Bank of America reiterates Apple as buy Bank of America said its survey checks on Apple show that carrier promos are driving more consumers to upgrade iPhones.

☆ Inside the growing business behind TikTok song remixes, which are transforming the way music is discovered on the app
▼ + stars: | 2022-09-16 | by ( Dan Whateley | ) www.businessinsider.com time to read: +7 min

TikTok users are increasingly finding new music through song remixes and mashups. In the middle of August, music artist Sam Smith's somber 2014 ballad "I'm Not The Only One" reentered Spotify's top 200 chart nearly a decade after its release. Marketers embrace TikTok remixes and mashupsAs with any social-media trend, music marketers are adjusting their strategies to stay in tune with TikTok's audience. TikTok music talent can earn anywhere from $500 to $5,000 to produce a remixed version of a track, according to Cloherty. Outside of monetary compensation, having a track go viral can help TikTok talent grow their audience off the app.

☆ How TikTok is changing the music industry and the way we discover new, popular songs
▼ + stars: | 2021-06-10 | by ( Dan Whateley | ) www.businessinsider.com time to read: +19 min

In July, it rolled out a dedicated music-streaming service called TikTok Music in five countries. Read about why TikTok music marketers are turning to general-interest accounts to promote songsCreating TikTok music challenges to spark user-generated videosAnd some marketers are opening the door for social-media users who wouldn't traditionally be considered influencers to get paid to promote music. Read more about TikTok's private listening sessionsA dedicated TikTok Music streaming app is bornIn July, TikTok stepped deeper into the music business by launching its own dedicated music-streaming app, TikTok Music, in Brazil, Indonesia, Australia, Mexico, and Singapore. Insider tested TikTok Music in Singapore, where it launched in a closed beta, to learn more about how it works. Like TikTok, TikTok Music includes a "For You" feed of recommended content and a variety of social features that set it apart from incumbents like Spotify and Apple Music.

Persons: TikTok, Here's, they've, influencers, TikTok influencers, Read, Jonny Kaps, Halsey, Charli XCX, Taylor Upsahl, Upsahl, Steve Jennings, Kristen Bender, Lyor Cohen, Ted Suh, Elissa Ayadi, Sydney Bradley, Getty, Jesse Callahan, It's, Zach Friedman, Dan Asip, Pearpop, Cole Mason, There's, Johnny Cloherty, Andy McGrath, Tarek Al, Hamdouni, Tiagz, John Arano, Tiago Garcia, you'd, Nima Nasseri, Ole Obermann, Rita Franca, NurPhoto, Taylor Swift, Miley Cyrus, Olivia Rudensky, Cyrus, Hailey Bieber, Guillermo Legaria, Khalid, Demi Lovato, Marshmellow, ByteDance, Tatiana Cirisano, Jeffrey Ramsay, Steve Blatter Organizations: Getty, TikTok, MRC Data, Universal Music Group, YouTube, GQ, Snap Inc, Agency, 10K, Records, Sony Music, RCA Records, Warner Music, Getty Images, Movistar Arena, Spotify, Apple, MIDiA Research, MTV, SiriusXM's TikTok Locations: Tempe , Arizona, TikTok, Bogota, Colombia, Brazil, Indonesia, Australia, Mexico, Singapore, India, Denver , Colorado

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