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☆ More investors are betting on India. But not all of it is worth the hype, according to analysts
▼ + stars: | 2022-10-11 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +4 min

But for the moment, I can understand why India is an attractive market for a lot of foreign institutional investors." Indian Prime Minister Narendra Modi has plans to make India a $5 trillion economy by 2024-25. While downgraded, India's growth forecast still cuts higher than others in the Asia-Pacific. Modi has plans to make India a $5 trillion economy by 2024-25, while Adani said at a recent Forbes conference in Singapore that India will go from a $3 trillion economy to a $30 trillion one in the next 25 years. Adani said at a recent Forbes conference in Singapore that India will go from a $3 trillion economy to a $30 trillion one by 2050.

☆ Tech stocks are plummeting but the CEO of a software development company reveals his winning strategy for leading through a crisis
▼ + stars: | 2022-10-07 | by ( Ebony Flake | ) www.businessinsider.com time to read: +4 min

Alan Trefler, Pegasystems founder and CEO, shared his formula for resilience in hard times. Many looked to vendors, like software company Pegasystems, to automate and digitize business processes like supply-chain interactions and customer service. "In 2022 and beyond, our goal is to capitalize on this demand," Trefler told Insider. In addition to demand, Pegasystems' formula for resilience includes putting people first, doubling down on innovation, and taking a realistic reset. "We're very energized that this vision we've had will be great, not just for us, but for our clients and their customers," Trefler said.

☆ Salesforce has quietly become a giant government contractor, racking up over 1,400 deals with federal agencies in the last five years
▼ + stars: | 2022-09-29 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +3 min

Salesforce has become a big software seller to the government, with over 1,400 contracts since 2017. Salesforce has become a prolific contractor with US government agencies, nearly quadrupling the number of government contracts it has engaged with in the past five years. The cloud-software giant has landed at least 1,443 contracts with government agencies since 2017. In comparison, Salesforce had engaged in only 363 government contracts between December 1, 2005, and September 1, 2017. All but two of these contracts were executed using third parties that sold its technology to government agencies.

"Investors in U.S. markets should be protected — and have trust in a company's financial numbers — regardless of whether an issuer is foreign or domestic." The SEC's enforcement action underscores the need for the Public Company Accounting Oversight Board (PCAOB) to be able to inspect Chinese audit firms, Gensler said. PCAOB inspections help identify weaknesses in firms' quality control processes, which were at the center of the SEC enforcement action against Deloitte-China. read moreDeloitte self-reported the violations at its China affiliate to the PCAOB in 2019 upon learning of them, an SEC official said. Register now for FREE unlimited access to Reuters.com RegisterReporting by John McCrank; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Asian women in U.S. financial sector see race and gender as career hurdles, new study says
▼ + stars: | 2022-09-28 | by ( ) www.nbcnews.com time to read: +2 min

NEW YORK, Sept 27 (Reuters) — Almost 60% of Asian women working in the U.S. financial sector say their race has hindered their careers, particularly at senior levels, according to a study by The Association of Asian American Investment Managers (AAAIM) published on Tuesday. Of the AAPI women surveyed, 62% said race became a bigger impediment later in their careers. Of the AAPI women surveyed, 62% said race became a bigger impediment later in their careers. Biases about gender and race can combine to block AAPI women from being promoted to executive roles, despite being well represented in junior and mid-level positions, she said. Go was killed in January and her murder was seen as part of a sharp rise in hate-driven attacks against Asian Americans.

☆ Is Beyond Meat beyond saving?
▼ + stars: | 2022-09-28 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

Companies like Beyond Meat, rival Impossible and plant-based milk producer Oatly are still doing big deals with supermarket chains and restaurants to get their products on store shelves and menus. But in the company’s most recent earnings call, Beyond Meat CEO Ethan Brown conceded that the company (and the industry) faces challenges. Inflation is a problem for plant-based food biz too“We went from a pandemic into record inflation,” Brown said. “After years of growth, plant-based meat sales in the United States are stagnating,” said consulting firm Deloitte in a recent report. So there is nothing fake about Wall Street’s concerns regarding the big drop in demand for “fake” meat and milk.

☆ Asian women in U.S. financial sector see race and gender as career hurdles - study
▼ + stars: | 2022-09-27 | by ( Lananh Nguyen | ) www.reuters.com time to read: +1 min

A boardroom is seen at the legal offices of the law firm Polsinelli in New York City, New York, U.S., June 3, 2021. REUTERS/Andrew KellyNEW YORK, Sept 27 (Reuters) - Almost 60% of Asian women working in the U.S. financial sector say their race has hindered their careers, particularly at senior levels, according to a study by The Association of Asian American Investment Managers (AAAIM) published on Tuesday. Of the AAPI women surveyed, 62% said race became a bigger impediment later in their careers. Biases about gender and race can combine to block AAPI women from being promoted to executive roles, despite being well represented in junior and mid-level positions, she said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Lananh Nguyen; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ M&A in the ad industry surged in the first half of 2022, despite economic uncertainty. These 11 behind-the-scenes players from companies like Deloitte and Havas are driving the spree
▼ + stars: | 2022-09-27 | by ( Lindsay Rittenhouse | ) www.businessinsider.com time to read: +1 min

Advertising and media M&A increased 21% year-over-year in the first half of 2022 despite economic uncertainty. Ad agencies like Havas and consultancies like Deloitte ramped up deals as they look to bolster tech capabilities. Insider identified 11 execs leading M&A at the top ad companies. While private equity companies are driving much of this activity, agencies and consulting firms are also snapping up firms to strengthen their digital capabilities, Ciesco reported. Insider identified 11 executives overseeing ad industry M&A activity for these agencies.

Lauren Taylor Wolfe co-founded Impactive Capital, an activist investment management firm focused on ESG investing for the long run. We've seen a lot of pushback come from some politicians and I think that's simply too risky. Understanding environmental risks and social risks is simply good fundamental analysis and it's simply good investing. We have too many managers, CEOs and boards focus on hitting their quarterly or annual figures and we believe that there's true opportunity to focus on long term returns, long term IRRs. And I think smart ESG initiatives is simply good business.

☆ The Sharpe Angle: Lauren Taylor Wolfe says pushback against ESG investing is 'simply too risky'
▼ + stars: | 2022-09-23 | 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 EmailThe Sharpe Angle: Lauren Taylor Wolfe says pushback against ESG investing is 'simply too risky'According to Deloitte, global ESG assets under professional management could be worth $80 trillion by 2024. But this growth in popularity combined with a global energy crisis has the sector facing increasing polarization. Critics worry that capital dedicated to ESG investments will further one value system at the expense of others. Lauren Taylor Wolfe co-founded Impactive Capital, an activist investment management firm focused on ESG investing for the long run. She sat down with CNBC's Leslie Picker to share why she thinks bans on ESG investing could be too risky and how understanding environmental, social, and governance risks is ultimately good for businesses.

But according to analysts, factors including low unemployment and the potential for big discounts mean this holiday season is shaping up to be another busy one. While Walmart is now aiming for 40,000 new, mostly seasonal workers — down from 150,000 last year — Target is looking to bring on another 100,000 workers this holiday season. The uncertainty is further reflected in holiday spending forecasts. The U.S. consulting firm Deloitte now expects overall holiday sales to climb 4% to 6% this year compared with growth of 15.1% last winter. Plus, many individuals who already have credit card debt are usually willing to take on more, he said.

Starting in 2012, the year Mr. Putin retook the presidency, Roskomnadzor built a blacklist of websites that the companies were required to block. In 2021, authorities throttled access to the social media service to a crawl. It gathered information about government critics and identified shifting political opinions on social media. watch opponents and identify new threats to Mr. Putin, Mr. Voronin said. In the records, censors flagged ProUfu.ru for the critical Ukraine editorial written about Mr. Putin in February.

☆ Walmart's not waiting for Black Friday. it's ready for holiday shoppers now
▼ + stars: | 2022-09-22 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNNBusiness —Halloween is still a month away, but Walmart is ready for Christmas. Walmart on Thursday said it’s getting the ball rolling on its year-end holiday shopping season at its stores and online as early as next month. The retailer said it is also changing its return policy for Walmart and Walmart+ subscription service customers to give this year’s early gift shoppers more time to make returns. Given the company’s status as an industry bellwether, it’s too soon to say whether Walmart’s earlier-than-usual holiday push could trigger other retailers to follow suit. “If there are fewer gift purchases by consumers, expect to see even more holiday promotions than ever.”

☆ Walmart plans cautious holiday hiring amid slowing U.S. economy
▼ + stars: | 2022-09-21 | by ( Siddharth Cavale | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/IllustrationNEW YORK, Sept 21 (Reuters) - Walmart Inc (WMT.N) sounded a cautious note about holiday retail sales on Wednesday, planning to hire fewer workers than last year as it prepares for the critical season in the midst of a slowing economy. Amazon.com (AMZN.O) , Target , Macy's (M.N), Kohl's have not yet announced their holiday hiring plans. Holiday retail sales are expected to rise between 4% and 6% year over year from November to January for total sales of about $1.45 trillion to $1.47 trillion, according to Deloitte's annual holiday retail forecast released on Sept 13. Holiday shopping is also expected to start earlier than ever this year as "stretched wallets create urgency," Salesforce said in its report. Macy's CEO Jeff Gennette echoed those comments, saying he expects holiday shopping to start in October.

☆ How to invest in communications stocks, a sector that's huge, highly diversified, and growing — offering something for almost every type of investor
▼ + stars: | 2022-09-21 | by ( Amy Fontinelle | Read More | Read Less | ) www.businessinsider.com time to read: +12 min

Here's what you should know about how to invest in communications stocks, what the risks are, and what rewards you might anticipate. Companies in the media, entertainment, interactive gaming, information creation, and information distribution businesses also belong to the communications sector. Basically, it expanded the existing telecommunications sector to become a broader communications services sector. The advantages of communications stocksThere are a variety of reasons for investors to consider communications companies. And the COVID-19 lifestyle shifts might make us permanently more reliant on communications companies, even once the pandemic is behind us.

EY’s leaders last week approved separating the professional-services firm’s consulting and auditing businesses. The consulting firm, which doesn’t have an official name yet, has to make sure its branding doesn’t confuse prospective or existing clients, she said. EY trailed Deloitte and PwC in both its total revenue, $39.96 billion, and consulting revenue in the 2021 fiscal year. EY’s planned split has drawn comparisons to when Andersen Consulting separated from defunct accounting firm Arthur Andersen in 2001 and subsequently rebranded as Accenture. Companies could be inclined to stick with their existing consulting firm, rather than try out a new one, if they are uncertain about their outlook, Mr. Tellis said.

☆ India’s edtech startup flunks the growth class
▼ + stars: | 2022-09-16 | by ( ) www.reuters.com time to read: +2 min

Children recite the preamble to the Constitution of India during an assembly at a school in Mumbai, India, January 27, 2020. REUTERS/Francis MascarenhasMUMBAI, Sept 16 (Reuters Breakingviews) - India’s most valuable startup is not growing much at all. It reveals the company’s top line shrunk 3% to $304 million while losses ballooned around 14 times to roughly $570 million. But the endless controversy around the Indian company is also ammunition for those calling for more regulation of the red hot-industry. (By Una Galani)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist.

As someone who is in their 20s, I know how hard it can be to start saving for retirement. To make the process less intimidating, start small when saving for retirement and slowly increase your savings rate over time. Fidelity Investments Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum to open a Fidelity Go account, but minimum $10 balance for robo-advisor to start investing. Betterment Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected.

☆ 8 classic entertainment trends that are now defunct thanks to streaming
▼ + stars: | 2022-09-05 | by ( Áine Cain | ) www.businessinsider.com time to read: +1 min

The dethroning of movie theatersAmanda Krause/InsiderThe early pandemic crushed movie theaters, as consumers avoided gathering in large indoor crowds. Globally, movie theaters took in $43.2 billion in box-office receipts in 2019, according to the Hollywood Reporter, which cites data from the Motion Picture Association. Box-office figures began to rebound in 2021, hitting $21.3 billion; and so far this year, movie theaters have seen a 365% jump in sales from 2021, according to CNBC. But movie theaters' star was beginning to dim in the pre-pandemic years. Source: Insider, Hollywood Reporter, Deloitte, CNBC

☆ Parents struggling with inflation: 'I left that $25 backpack for my preschooler at the checkout.'
▼ + stars: | 2022-09-04 | by ( Parija Kavilanz | Cnn Business | ) edition.cnn.com time to read: +6 min

New York (CNN Business) As Sarah Longmore finished her back-to-school shopping, the mother of five looked at a $25 backpack for her preschooler. Like Longmore, many parents — regardless of income — are finding their back-to-school dollars aren't going as far as they once did. Just 36% of parents said they would be able to pay for everything their kids need this school year, according to Morning Consult's annual back-to-school shopping report . JUST WATCHED Online shopping prices are starting to ease. Here's why that's significant Replay More Videos ... MUST WATCH Online shopping prices are starting to ease.

☆ The climate has changed — so should our economics
▼ + stars: | 2022-09-01 | by ( Jennifer Steinmann | ) www.businessinsider.com time to read: +5 min

If we take decisive climate action now, there is potential to add $43 trillion in net present value to the global economy by 2070. Not only could un-checked climate change lead to significant damage on an environmental and human scale, but it would also be detrimental to the global economy. The Deloitte Economics Institute's recently released Global Turning Point report finds that unchecked climate change could create $178 trillion in global economic losses (in present value terms) between now and 2070. The Deloitte Economics Institute analysis reveals economic growth and opportunities through the new jobs, industries, and innovations that could lie ahead in the next 50 years if we take swift and substantive global climate action. How the transformation looks and unfolds will vary by region, but the Deloitte Economics Institute's modeling shows that nearly every country and sector would gain through swift decarbonization and climate action.

Patricia Naranjo told Insider why this is and how to deal with added stress if you do get promoted. The 1,050 executives who were surveyed felt more overwhelmed by their work, felt lonelier, and had more feelings of depression than the 1,050 employees who took part. If you're in line for a promotion, Naranjo recommended that you ask yourself certain questions: "Do I consider myself a leader? "Too many meetings can be a source of work stress, especially if they involve several people. "It helps us to feel more satisfied at work and, therefore, more satisfied on a personal level," Naranjo said.

☆ Why you should reinstate the classic alarm clock
▼ + stars: | 2022-07-24 | by ( Jessica Bumpus | ) edition.cnn.com time to read: +7 min

“You use an actual alarm clock?” they asked, as though it was a fax machine. It was years later, in 1874, when the French inventor Antoine Redier became the first person to patent an adjustable mechanical alarm clock. German clockmakers reportedly soon followed and by the end of the 1800s, the electric alarm clock had been invented. From riffs on the Panasonic RC-6025 radio alarm clock, immortalized in the 1993 film Groundhog Day, to more retro designs from classic brands like Roberts. All I was after, though, was a straightforward alarm clock, much like my original.

Persons: CNN —, I’d, you’re, ”, Lily Silverton, Levi Hutchins, ” Hutchins, Antoine Redier, Seth E, clockmakers, Roberts, Virgil Abloh’s, Braun, Dieter Rams, Dietrich Lubs, Paul Smith, “ It’s, –, I’m Organizations: CNN, Deloitte, roosters, Panasonic, Dieter, “ Technology Locations: Britain, Concord , New Hampshire, French, Silverton

☆ Leaders from Walmart, AB InBev, Honeywell, Carlyle, and more share advice for getting started — and sticking to — sustainability goals
▼ + stars: | 2022-07-22 | by ( Julia Hood | ) www.businessinsider.com time to read: +26 min

Sustainability leaders from Walmart, JUST Capital, Dow, Honeywell, Cognizant, Deloitte, Bank of America, AB InBev, and Carlyle participated. If you're just looking for a science partner, you're going to go and get the science. So then we started building debriefs for our portfolio companies, actually making them sit down and have a conversation with us. Because as long as you do it with integrity, you're going to probably get to the right place. I remember him saying when we talked about the idea, "what you're trying to achieve with that, is somewhere between really, really, really, really hard and impossible."

Aspiring titans filed more than 5 million business applications in 2021, according to data from the US Census Bureau. Starting a business in a pandemic or in uncertain economic times demands flexibility, agility, and originality. In July 2020, she launched Cafe Cà Phê in Kansas City, Missouri, and made six figures in sales in 2021, Insider verified with documentation. The couple booked nearly $4 million in revenue in 2021, Insider verified with documentation. "Identifying what activities you're doing day to day that raise your energy and recharge you, and what drains you."

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