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U.S. retail sales for last month came in much stronger than expected on Tuesday, signaling shoppers were not deterred by sticky inflation. Before the opening bell, the government reported September retail sales rose 0.7% from the prior month — more than double the estimates. Measuring year over year, the 3.8% increase in retail sales was still slightly higher than the CPI's advance of 3.7%. The retail sales data pointed to a resilient economy despite inflation still running way above the Federal Reserve's 2% target. TJX YTD mountain TJX Companies YTD Clothing and clothing accessories stores were down 0.8% month-over-month but increased 0.1% year-over-year.

Persons: Jim Cramer, We're, TJX, Jim Cramer's, Jim, Jamie Kelter Davis Organizations: Atlanta, Deal, Web Services, Food, Companies, CNBC, Shoppers, Bloomberg, Getty Locations: Maxx, Chicago

☆ As more colleges are promising high schoolers guaranteed admission, 'everybody wins,' expert says
▼ + stars: | 2023-10-10 | by ( Jessica Dickler | ) www.cnbc.com time to read: +6 min

Sonoma State University Courtesy: Sonoma State UniversityTo help make college a reality, Sonoma State University is trying a relatively new approach: High school students who have completed the requisite coursework and have a minimum 2.5 high school GPA are now "guaranteed admission" to the Rohnert Park, California-based school. Last spring, the State University of New York sent automatic acceptance letters to 125,000 graduating high school students. College enrollment is droppingSonoma State University Courtesy: Sonoma State UniversityStill, fewer students are going to college. More high schoolers want career trainingMost Americans still agree a college education is worthwhile when it comes to career goals and advancement. High schoolers are putting more emphasis on career training and post-college employment, the nonprofit found after polling more than 5,000 high school students six times since February 2020.

Persons: Ed Mills, Mills, Robert Franek, Franek, Lakhani, Doug Shapiro, Cole Clark, Connie Livingston Organizations: Sonoma, Sonoma State University, California State University, Finance, Princeton, Virginia Commonwealth University, State University of New York, Sonoma State University Still, Nationwide, CNBC, National Center for Education Statistics, Student Clearinghouse Research, College Board, Public, USA, ECMC Group, Junior Achievement, Citizens, Brown University Locations: , California, Sonoma State, Richmond , Virginia, New York, U.S

☆ Gen Z are more concerned by getting better at their actual jobs than they are with improving the office soft skills their bosses say they lack, survey finds
▼ + stars: | 2023-10-03 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

A new Adobe survey found that almost half of Gen Z workers want more training on hard skills. On the contrary, only a third were keen on polishing up their soft skills like communication. Adobe's Future Workforce Study surveyed over 1,000 Gen Z workers in the US in early September to explore their career motivations and workplace expectations. A spokesperson for Adobe said that respondents were given a definition for hard skills and soft skills. They were informed that hard skills refer to job-related or technical knowledge and abilities, while soft skills were classed as interpersonal skills and traits that shape how you work.

Persons: —, Gen Z, Z, PWC, Jackie Henry, Deloitte's Organizations: Deloitte, KPMG, Service, Study, Adobe, Financial Times

☆ How to include your personality in your resume, says a Deloitte exec: It will give you ‘the edge’
▼ + stars: | 2023-10-03 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

All resumes should include the following: Language mirroring the job description you're applying to as relevant to your own experience. "I think when the resume can exude some personality is the most eye catching to me," she says. Here's how to get your personality in your resume. 'I've traveled around the world 17 times'There are all sorts of ways to give a sense of who you are. "You're not there because you were told to do it and I think that actually says a lot, too, about your personality."

Persons: Deborah Golden, I've

☆ How to solve problems at work, says Deloitte exec: 'My best idea didn't come when I was sitting tied to a desk'
▼ + stars: | 2023-09-29 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

Deborah Golden has a pretty unique job: As consulting firm Deloitte's chief innovation officer, she gets to "solve really hard problems," she says. And with so much going on, it can be easy to get stuck on how to solve those problems. One good way to get the juices flowing is to step away from your screen. She gives the example of a recent meeting she had in which she and a colleague were tackling problems in the pharmaceutical industry. When they got back, they rushed to their computers to write down the three points they'd come up with.

Persons: Deborah Golden, they'd, Marissa Vicario Organizations: NBC News Locations: snags

☆ Holiday shoppers are getting an early jump on the season, but student loan payments weigh heavily
▼ + stars: | 2023-09-28 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Twenty/20October is unofficial start of holiday shopping seasonThis year, half of shoppers plan to begin their holiday shopping by Halloween, according to a recent Bankrate report. Early estimates point to a strong shopping seasonWith more shoppers getting an early start on the season, holiday retail sales are likely to increase between 3.5% and 4.6% in 2023, according to Deloitte's annual forecast. "We expect healthy employment and income growth to keep the volume of sales growing for the 2023 holiday season," said Daniel Bachman, Deloitte's U.S. economic forecaster. Student loan payments could weigh on wallets"Student loan payments are another drag on the consumer," said Brett House, professor of professional practice in economics at Columbia Business School. "On the other hand, labor markets remain strong," House added.

Persons: RetailMeNot, Daniel Bachman, Matthew Shay, Jack Kleinhenz, Brett House Organizations: National Retail Federation, Columbia Business School Locations: Deloitte's U.S

People sit and work on their laptops at Deloitte's office in Gurugram, India, June 13, 2023. Last month U.S. trade chief Katherine Tai raised concerns with India over the move, which would also affect companies such as Dell (DELL.N) and HP (HPE.N). The new 'imports management system' will need companies to obtain 'registration certificates' for imports of laptops, tablets and personal computers, instead of licences proposed earlier by the Aug.3 order, one of the officials said. The ministry conveyed the proposal to industry officials in a meeting on Friday, they added. India's electronics imports, including laptops, tablets and personal computers, stood at $19.7 billion in the April to June period, up 6.25% year-on-year.

Persons: Anushree, Katherine Tai, Munsif Vengattil, Acharya, William Mallard Organizations: REUTERS, U.S, Apple, Samsung, Reuters, Dell, HP, India's, Thomson Locations: Gurugram, India, DELHI, China, New Delhi

☆ Hybrid work might not be the dream scenario for all workers
▼ + stars: | 2023-09-21 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

A higher share of hybrid workers are stressed or burned out in the past year than fully remote workers, Deloitte found. The recently shared results from the Deloitte survey to Insider were based on nearly 240 fully remote workers, around 350 hybrid workers, and about 460 fully in-person workers and was conducted in April. Just over a third of hybrid workers also felt they didn't really have enough time for wellness, while almost a quarter of fully remote workers felt like this. A quarter of hybrid workers said they felt disconnected from their on-site colleagues compared to 13% of fully remote workers. Similarly, almost a quarter of hybrid workers felt there was ineffective collaboration happening compared to 9% of fully remote workers.

Persons: Deloitte's Jana Arbanas, they're, Jana Arbanas, Arbanas, They've Organizations: Deloitte, Service, US Telecom, Media, Entertainment, Consumer Survey Locations: Wall, Silicon, mhoff@insider.com

☆ Technology is transforming the way family enterprises think about the future
▼ + stars: | 2023-09-14 | by ( Sponsor Post | Created Insider Studios With Deloitte | ) www.businessinsider.com time to read: +8 min

Family enterprises have historically focused on legacy, pride in what they built, and passing down success through generations. This nimble structure gives family enterprises an advantage in adopting new innovations when the leadership sees or endorses the potential benefits. With passion for their legacy and proper planning, family enterprises can set themselves up for success far into the future. But as anyone who's been involved in running a family business or family office will know, emotions can run high among relatives. Click here to learn more about how Deloitte Private can help thriving family enterprises transform ideas into action.

Persons: Adrian Batty, they've, Batty, they're, who's, " Batty Organizations: Deloitte, Family Enterprise, Deloitte Private, America, Insider Studios Locations: Australia

☆ Premier League clubs spend record 2.36 billion pounds in transfer window
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +3 min

The transfer window, which was open from June 14 to Sept. 1, exceeded last year's record 1.92 billion pounds, with the top-flight clubs spending 255 million pounds on deadline day alone, it said. Premier League clubs were responsible for 48% of the spending across Europe's top five leagues including Spain's LaLiga, Italy's Serie A, Germany's Bundesliga and France's Ligue 1. "Nearly three-quarters of Premier League clubs (14) spent more this summer than the last, reflecting the increased intensity of competition. Champions Manchester City signed midfielder Matheus Nunes for 53 million pounds this week, having brought Jeremy Doku for 55 million pounds, defender Josko Gvardiol for 77 million and midfielder Mateo Kovacic for 25 million earlier. According to the report, almost half of the transfer fees received by Premier League clubs from overseas came from the Saudi Pro League club (SPL), which has the fourth-highest transfer spend of any league globally.

Persons: Chris Radburn, Spain's LaLiga, Tim, Todd Boehly, Moises Caicedo, Enzo Fernandez, Matheus Nunes, Jeremy Doku, Josko Gvardiol, Mateo Kovacic, Kai Havertz, Declan Rice, Rasmus Hojlund, Sandro Tonali, Harvey Barnes, Calum Ross, Pearl Josephine Nazare, Martyn Herman, Gerry Doyle, Hugh Lawson Organizations: Soccer Football, Premier League - Brighton & Hove Albion, West Ham United, American Express, Premier League, Deloitte, Serie, Bundesliga, Ligue, Deloitte's Sports Business, Chelsea, Clearlake Capital, Champions Manchester City, Arsenal, Manchester United, Newcastle United, Nottingham Forest, Saudi Pro League, Thomson Locations: Brighton, Britain, London, Bengaluru

☆ Here's how global trade will be key to unlocking the full potential of the green hydrogen market
▼ + stars: | 2023-08-29 | by ( Sponsor Post | Created Deloitte With Insider Studios | ) www.businessinsider.com time to read: +7 min

Inclusive, global trade is the keyFree trade can help lower the cost of energy transition. Deloitte's outlook showcases a steady hydrogen market growth, from $642 billion in annual revenue in 2030 to $1.4 trillion per year in 2050, in which green hydrogen comprises some 85% of the hydrogen market. Global trade between major regions can represent almost one-fifth of total clean hydrogen volume. The opportunity for developing economiesRegions with high renewable endowment and ample land availability could likely produce cost-competitive green hydrogen in quantities that exceed domestic needs. To find out more, read Deloitte's Green hydrogen: Energizing the path to net zero report.

Organizations: Government, Global, North, Deloitte Global, SAF, Deloitte Investments, Deloitte, Insider Studios, Deloitte Touche Tohmatsu Locations: North Africa, Australia, North America, East, South America, Africa, Japan, Korea, Europe, China, India, Middle East

☆ Deloitte's human-sustainability chief wants to help employees beat burnout. She says the best solutions go beyond vacation and office yoga — and involve undoing 100 years of routine.
▼ + stars: | 2023-08-25 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

To combat burnout, it will take more than vacations and a few yoga classes, she told Insider. To really fix what's wrong with work, Fisher said, we need to have deeper, more thoughtful conversations. Fisher said employers need to push back on the idea that workers who cut through piles of work must be in good shape. I was on my way to burnout and the downstream impacts of my actions and behaviors on my team were detrimental," she said. Her own journey toward a more balanced approach to work leaves Fisher optimistic that broader change is possible.

Persons: Jen Fisher, who'd, Fisher, Deloitte's Jen Fisher, Odette Fernandez Lopez, We've, we're, she's, they're Organizations: Deloitte, Service Locations: Wall, Silicon, chemo

The Deloitte company logo is seen at their office in Gurugram, India, June 13, 2023. The auditor's resignation has brought fresh scrutiny of the financial management at Adani Group, led by Indian billionaire Gautam Adani. "The Audit Committee (of Adani Ports) was of the view that the grounds advanced by Deloitte for resignation as Statutory Auditor were not convincing or sufficient to warrant such a move," it said. Adani Ports has named MSKA & Associates, an independent member firm of BDO International, as its new auditor, it said in the statement. Deloitte in May first pointed to certain transactions flagged by Hindenburg in its report and gave only a qualified opinion related to Adani Ports, indicating concerns by a company's auditor.

Persons: Anushree, Gautam Adani, Hindenburg, Aditya Kalra, Ros Russell Organizations: Deloitte, REUTERS, U.S, Adani Group, GQG Partners, Sanghi Industries, Associates, BDO International, Thomson Locations: Gurugram, India, Adani Ports, Australia, New Delhi

REUTERS/Anushree Fadnavis/File PhotoNEW DELHI, Aug 11 (Reuters) - Deloitte has decided to resign as auditor of India's Adani Ports (APSE.NS) amid concerns over certain transactions flagged in a report by Hindenburg, which the company did not wish to independently look into, a source with direct knowledge said. Deloitte in May had pointed to certain transactions flagged by the U.S. short-seller in its report and gave only a qualified opinion, which indicates concerns by a company's auditor. Deloitte's resignation comes after it asked Adani Ports to conduct an independent inquiry on related party transactions flagged by Hindenburg, to which the company did not agree, the source said. Deloitte and Adani Ports did not immediately respond to Reuters' requests for comments. Deloitte's decision to quit as Adani Ports' auditor might come as soon as Monday, the source added.

Persons: Anushree, Hindenburg, Adani, Gautam Adani, Aditya Kalra, Sethuraman, Varun Organizations: Deloitte, REUTERS, May, U.S, Adani, Bloomberg News, Sethuraman NR, Thomson Locations: Gurugram, India, India's Adani, New Delhi, Bengaluru

☆ Gen Z workers are lazy, some bosses say. They don't do anything unless every second of their day is managed.
▼ + stars: | 2023-08-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Some Gen Z employees aren't sure how to interact in-person after starting their careers from home. "Lazy" younger workers need a lot of hand-holding, managers told The Wall Street Journal. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Despite perceptions of their managers, nearly half of Gen Z workers say it's not laziness that causes an inability to self-start but rather stress and anxiety. Deloitte's 2023 Gen Z and Millennial Survey found that many young professionals feel exhausted or disengaged at work.

Persons: Laura Davis, they're, Gen Zers, Boomer, Ivan Schury, he's, Schury, Z Organizations: Wall Street, Service, John Ball Zoo, Survey Locations: Wall, Silicon, UK, Germany, France, Poland, Japan

☆ UK CFOs turn wary as inflation and borrowing costs bite: Deloitte
▼ + stars: | 2023-07-16 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

"The burst of business optimism seen in the spring has faded under the weight of inflation and rising interest rates," Deloitte's chief economist, Ian Stewart, said. The survey showed early signs of cooling in the labour market with CFOs signalling a further easing in recruitment difficulties and a slowdown in wage growth. The survey of 69 CFOs - 13 of them from FTSE 100 firms and 21 from FTSE 250 companies - was conducted between June 15 and June 27. The CBI called on the government to deliver a clear and stable policy environment and offer incentives for investment, among other measures. ($1 = 0.7625 pounds)Reporting by William Schomberg, editing by David MillikenOur Standards: The Thomson Reuters Trust Principles.

Persons: Ian Stewart, Corporates, Rain Newton, Smith, William Schomberg, David Milliken Organizations: Finance, Deloitte, Bank of England, of British Industry, CBI, Thomson

☆ Parents are curbing back-to-school spending for the first time in a decade as inflation bites
▼ + stars: | 2023-07-13 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Parents are planning to spend less on back-to-school clothing and technology this year. Spending intentions on school supplies increased year-over-year, though parents have been searching for deals and discounts. New data from Deloitte's "Back-to-School Survey" revealed back-to-school spending for students between kindergarten and twelfth grade is expected to drop 10% for this upcoming school year, with major cuts to apparel and technology. Even as inflation comes down, parents' wallets are still hurting, leading many families to cut spending on non-essential items. Have you had to adjust your back-to-school spending this year?

Persons: Nick Handrinos, they'd, Handrinos, It's Organizations: Service, Survey, Deloitte, Consumer, Shoppers Locations: Wall, Silicon

Reuters GraphicsIndia is among the world's top exporters of services, doubling its share in global services trade to over 4% from 2% in 2005, according to WTO estimates. Sunil Talati, president of government-aided Services Export Promotion Council, said total services exports could overtake goods exports in the next five years to $750 billion. A report by Knight Frank consultancy last week said demand for office space has risen sharply in smaller cities, driven by expanding operations of global accounting and multinationals, pushing up rents by up to 10%. Domestic accounting firms are also moving to smaller towns and raising wages. "With the Big Four and other global firms coming to our cities, we are going even deeper to open offices in smaller cities."

Persons: Ernst & Young, Diksha Mehta, Debasish Mishra, PwC, Padmaja Alaganandan, Narendra Modi, Sunil Talati, Swagatika Parmanik, Knight Frank, Kshitij Patel, Shah, Manoj Kumar, Kripa Jayaram, Sam Holmes Organizations: Business, Diksha, Reuters Graphics India, Deloitte, KPMG, Export Promotion Council, Reuters, PwC, IBM, Manubhai, Shah LLP, Thomson Locations: BHUBANESWAR, India, Mumbai, Delhi, Bengaluru, Jaipur, Vadodara, Kochi, Chandigarh, Patiala, Australian, Europe, New Delhi, Asia, Odisha, Bhubaneswar, Gujarat, Ahmedabad

☆ Meet a millennial who makes up to 6 figures doing blue collar work after ditching law school during the Great Recession: 'We've always had that middle-class-life dream'
▼ + stars: | 2023-07-02 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

During the Great Recession, Doug saw a similar situation and decided to forgo law school. For Doug, blue-collar work has meant consistently high pay and the ability to buy a house. "I was trying to save up money to go to law school," he said. You're going to college, and then you're going to get a job and an office somewhere doing the thing. Have you made the shift to blue-collar work, or are you thinking about it?

Persons: Doug, —, Doug —, he'd, Z, we've, We've, it's, you'll, I'm Organizations: Service, Toyota, Marine, Coast Guard Locations: Deloitte's

☆ In a poll of 120,000 workers around the world, more than half were found to be 'quiet quitting,' and Gallup thinks it could cost the global economy $8.8 trillion
▼ + stars: | 2023-06-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Gallup says "quiet quitting," in which workers do the bare minimum, is a global phenomenon. Forty-four percent of respondents also said they'd experienced stress at work the previous day. Gallup's 2023 State of the Global Workplace report surveyed 122,416 employed respondents ages 15 and over in more than 160 countries from 2022 to 2023 and concluded that 59% of the workers worldwide were "quiet quitting." The report used respondents' answers to a series of 12 questions to split those surveyed into three categories at work: engaged, not engaged, and actively disengaged. Gallup's report estimated that such low engagement at work was costing the global economy $8.8 trillion, or 9% of global gross domestic product.

Persons: Gallup, they'd, —, it'd, Gallup didn't, Gen Zers, Zers weren't Organizations: Service, Gallup, Deloitte

☆ A subsection of tech is set to be worth $1 trillion. But taboos are holding it back
▼ + stars: | 2023-06-12 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +5 min

watch nowInvestors are ignoring a huge subsection of tech because it's considered "taboo" – despite the fact that it is set to be worth $1 trillion by 2027. But just 3.3% of digital health investment in the U.S. went towards women's health between 2011 and 2020, according to digital consultancy Rock Health. Research by Women's Health Access Matters suggests that a $300 million investment into improving female health could generate around $13 billion. It is now one of the largest companies in the FemTech space and has a revenue of $100 million. The issue of not understanding women's health – and the importance of female-specific health solutions – has deeper roots.

Persons: it's, Agostini, Karen Taylor, Tania Boler, Boler, Valerie Evans, they're, hasn't, Deloitte's Taylor, Brittany Barreto, we're, Barreto Organizations: Rock Health, Women's, Research, Getty, Centre for Health Solutions, Deloitte, CNBC, European Women, McKinsey & Company Locations: U.S

☆ Why Gen Zers and millennials are looking for second jobs
▼ + stars: | 2023-06-03 | by ( Josée Rose | ) www.businessinsider.com time to read: +4 min

The high cost of living is the "top societal concern" of Gen Zers and millennials, a Deloitte survey found. Financial concerns have pushed 46% of Gen Zs and 37% of millennials to find a second job. The 2023 survey of more than 22,000 Gen Zers and millennials around the world found the high cost of living is the "top societal concern" of both generations, with 51% of Gen Zers and 52% millennials reporting they live paycheck to paycheck. Also, 46% of Gen Zs and 37% of millennials have taken on either a part- or full-time paying job in addition to their primary position, according to the survey. A March survey of 1,009 adults ages 24 to 35 by TIAA Institute found that 51% of Gen Zers and millennials don't expect to do as well financially as their parents.

Persons: Zers, Gen Zs, They're, —, Gen Zers, Zs, Michele Parmelee, Eve Upton, Clark, It's, millennials, Upton, Erik Baker Organizations: Deloitte, Service, Amazon, TIAA Institute, Harvard

☆ New York sends college acceptance letters to 125,000 high school seniors, but broader enrollment crisis may be hard to fix
▼ + stars: | 2023-06-02 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

"There's a broad-based drop in belief or trust in higher education as an institution," said Cole Clark, a managing director within Deloitte's higher education practice and co-author of a recent trends report. These days, only about 62% of high school seniors in the U.S. immediately go on to college, down from 68% in 2010. High schoolers are more interested in career trainingMost Americans still agree a college education is worthwhile when it comes to career goals and advancement. High schoolers are putting more emphasis on career training and post-college employment, the nonprofit found after polling more than 5,000 high school students six times since February 2020. Earning a college degree is almost always worthwhile

Persons: Bebeto Matthews, Cole Clark, Connie Livingston Organizations: Baruch College, Barclays Center, AP, College Board, Public, USA, ECMC Group, Junior Achievement, Citizens, Brown University Locations: Brooklyn , New York, U.S

☆ Here’s how A.I.-backed tools can help with worker stress and mental health
▼ + stars: | 2023-06-01 | by ( Mikaela Cohen | ) www.cnbc.com time to read: +3 min

While employer-provided mental health benefits have been rising over the last few years, mental health continues to be a chronic problem with half of workers experiencing anxiety symptoms and over half of workers having depression symptoms, according to Deloitte's 2022 Mental Health in the Workplace report, which surveyed 3,995 people across 12 industries. In light of Mental Health Awareness Month, companies need to be intentional about choosing health and insurance plans that offer mental health resources, according to Grace Chang, CEO and co-founder of Kintsugi, a company that developed an AI-backed tool that detects signs of depression and anxiety by listening to someone's voice. After spending years trying to access mental health resources through her employer-sponsored insurance plans, Chang saw an opportunity to create mental health access using AI. "Some individuals just need help with day-to-day stressors, and AI tools like chatbots can point them to on-demand resources," Roberts said. AI helps employees get mental health diagnoses

Persons: Grace Chang, Chang, Lucy Roberts, Roberts, I'm Organizations: Istock, Mental Health Locations: OneDigital

☆ AI is the latest buzzword in tech—but before investing, know these 4 terms
▼ + stars: | 2023-05-26 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

ChatGPT, the viral chatbot that generates conversational responses to written inputs from users, has made artificial intelligence (AI) the latest buzzword in tech. AI took center stage at Google's annual developer's conference on May 10, where the company announced that its search engine would incorporate AI in order to synthesize search results for users. The company also plans to integrate AI into Gmail to help users write emails. The company has also infused its popular Microsoft 365 apps, including Word and Excel, with a new set of AI features dubbed "Copilot." Here are four AI terms to know.

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