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☆ A booming market for gear to help seniors grow older at home is creating an opportunity for investors
▼ + stars: | 2023-01-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +13 min

Alphabet, Amazon and Best Buy are among the fund's plays on the aging in place theme. Best Buy breaks into the space It's Best Buy that has really been doubling down on its efforts to break into the space. Best Buy sees the role of technology within health care becoming much more important. Medicare Advantage's health care at home coverage includes primary care, transitional care when someone is released from a hospital and often hospice care, she said. That should lead to higher earnings power, said Baker, who has a buy rating and $237 price target on Lowe's stock.

☆ Manchester City top Deloitte Money League for second straight year
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +3 min

Abu Dhabi-owned City generated total revenue of 731 million euros ($790.65 million), followed by Real Madrid (714 million euros) and Liverpool (702 million euros). City's rivals Manchester United generated 689 million euros and Paris St Germain made 654 million euros. City posted a Premier League record commercial revenue of 373 million euros in 2021-22, a growth of 65 million euros from the previous season. WOMEN'S FOOTBALLFor the first time, Deloitte's Football Money League also reported on revenues generated from the women's teams at Money League clubs, with sides reporting average revenues of 2.4 million euros in the 2021-22 season. Manchester United reported the second-highest revenue with 6 million euros, followed by City (5.1 million euros), PSG (3.6 million euros), Arsenal (2.2 million euros) and Spurs (2.1 million euros).

☆ The US needs 8 times more charging stations by 2030 to handle the coming wave of electric cars
▼ + stars: | 2023-01-09 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

Charging needs to quadruple by 2025 and grow eight-fold by 2030 to accommodate EVs. Specifically, the US needs to quadruple its charging infrastructure by 2025, and grow it more than eight times by 2030, according to a new report out of S&P Global Mobility. Automakers are betting their futures on available chargingA lack of charging infrastructure is a problem, as nearly every major automaker is buying into electrification with billions in new technology, models, and manufacturing. That's despite the fact that a majority of EV charging can be done at home — if an EV owner has access to a garage and plug. That could change with more and more momentum from the Biden Administration, which is targeting a national network of 500,000 public charging stations by 2030 and has slated $7.5 billion toward charging build-out.

☆ Over half of US buyers think electric cars cost way too much
▼ + stars: | 2023-01-04 | by ( Alexa St. John | ) www.businessinsider.com time to read: +2 min

The cost of electric cars continues to hamper adoption, consultancy Deloitte found in a new survey. More than half of consumers say cost is standing in the way of an EV purchase. 47% cited charging time, and 46% cited lack of public charging infrastructure. The latter is particularly interesting given that 77% of those intending to buy electric at some point expect to charge their vehicle most often at home. That means those EV drivers could rely less on public charging infrastructure.

☆ 'Don't talk s**t' about your previous job if you want to get hired, says Deloitte executive
▼ + stars: | 2022-12-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Deloitte's Leo Alexandru said candidates who "don't talk s**t about their previous job" stand out. He posted a series of tweets on Friday offering 10 tips to help candidates stand out in job interviews. According to data from job site Indeed, Deloitte had the highest number of new tech job postings between November 18 to December 2, with 1,774 postings per 1 million jobs on the site. To boost the chances of getting hired, Alexandru offered tips from his experience of hiring more than 100 people during his career. Alexandru said: "I don't want to hire mindless robots, but people who I can trust to get the right job done."

☆ The average American may spend nearly $1,500 on the holidays
▼ + stars: | 2022-12-08 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Holiday retail sales are predicted to soar as high as $960 billion, according to the National Retail Federation. Americans are expected to spend about $1,455 each this season, according to Deloitte's latest study. That's around the same as last year's average of $1,463 per person. But in some cities, consumers could spend nearly three times as much. Here's a look at the 10 cities where Americans can afford to spend the most on holiday gifts:

☆ How private-equity firms, rich with investors' cash, plan to capitalize on a souring economy
▼ + stars: | 2022-11-16 | by ( Casey Sullivan | Rebecca Ungarino | ) www.businessinsider.com time to read: +9 min

The ultimate winners from the economic downturn may turn out to be private-equity firms. At the same time, private-equity firms are seeing fewer exits and fundraising is slowing. That's the private-equity industry, according to interviews with corporate advisors and a review of earnings transcripts. Regardless of the challenges, however, one positive note for the largest private-equity firms is that they are more diversified today. These relationships are better insulating private-equity firms from economic cycles, she added.

☆ U.S. SEC stepped up enforcement activity in fy2022, assessed record penalties
▼ + stars: | 2022-11-15 | by ( John Mccrank | ) www.reuters.com time to read: +2 min

The total assessed included a record $4.2 billion in civil penalties, up from a total amount of $3.6 billion in 2021, as it filed 760 total enforcement actions, including 462 new or stand-alone ones. The SEC chair previously announced the amount of fines and fees assessed, but the annual report published on Wednesday provided more details in its roundup of activity in the year ended Sept. 30. SEC actions against JP Morgan Securities LLC, 15 other broker dealers, and one investment adviser for widespread and long-standing failures to maintain and preserve work-related text messages conducted on employees' personal devices made up over $1.2 billion of SEC penalties in 2022. The SEC also filed charges against Deloitte's China-based affiliate of failing to comply with U.S. auditing requirements and secured a record penalty against crypto firm BlockFi for selling unregistered securities. Reporting by John McCrank in New York; Additional reporting by Chris Prentice; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Wall Street has made serious strides to embrace crypto this year. But after FTX's implosion, a regulatory crackdown is imminent.
▼ + stars: | 2022-11-15 | by ( Morgan Chittum | Rebecca Ungarino | ) www.businessinsider.com time to read: +7 min

In a stunning downfall, crypto platform FTX filed for Chapter 11 bankruptcy protection on Nov. 11. Crypto sentiment from Wall Street giants has come a long way over the past few years. After FTX's disaster, a crackdown on digital assets is imminent. Prominent government officials quickly spoke out against the crypto platform last week. Gensler says that the agency's aggressive stance on digital assets is an effort to protect investors and may encourage further crypto adoption.

☆ 'No longer science fiction'? Metaverse could pump $1.4 trillion a year into Asia's GDP, report says
▼ + stars: | 2022-11-14 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

The impact of the metaverse to GDP in Asia could be between $0.8 and 1.4 trillion per year by 2035, said a new Deloitte report. The impact of the metaverse to GDP in Asia could be between $0.8 and 1.4 trillion per year by 2035, said a new Deloitte report. watch nowDeloitte's new report, titled "The Metaverse in Asia: Strategies for Accelerating Economic Impact," examined the potential influence of the metaverse on 12 Asian economies. Developing the technology stacks, human capital and regulatory frameworks to realize Asia's trillion-dollar metaverse potential will benefit a wide range of industries and economic activities," said Kulasooriya. ObstaclesThough Deloitte's report suggests China could the biggest beneficiary in terms of GDP, the country still faces heavy regulatory challenges in developing the metaverse.

☆ Wall Street pushed into digital assets. Now investors are paying the price as FTX's crisis raises questions of a ripple effect in cryptoworld.
▼ + stars: | 2022-11-11 | by ( Rebecca Ungarino | Danielle Walker | ) www.businessinsider.com time to read: +8 min

FTX, the crypto exchange in crisis, found backers in BlackRock, VanEck, and Ontario Teachers. The solvency crisis facing the exchange and its famous CEO raises questions of a ripple effect. Now, in the middle of crypto winter, FTX is in the middle of a solvency crisis. Binance, a rival crypto exchange that was initially going to buy FTX, backed out. "What we like about it is that we're not really speculating on whether prices of crypto assets, bitcoin or otherwise, are going up or down.

☆ Six in ten Britons will spend less at Christmas -Deloitte survey
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 7 (Reuters) - Six in ten Britons believe they will have less money to spend over the Christmas period than last year, according to a survey published on Monday, adding to evidence that a thrifty festive season beckons. The survey from Deloitte found 38% plan to switch to cheaper brands or stores to seek out gifts, and for Christmas Day dinner 35% plan to do at least part of their shop at a discount supermarket. "Consumers are entering the festive season with budgets under more pressure this year, and it is not surprising that almost all are considering affordability and adapting their typical Christmas spending habits in one way or another," Oliver Vernon-Harcourt, head of retail at Deloitte, said. With inflation at a 40-year high of 10.1%, interest rates rising and consumer confidence close to the gloomiest on record, Britons have cut their spending. Deloitte's findings chimed with surveys last month from Kantar and Accenture, which both showed Britons planning to cut festive spending this year.

"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.

☆ 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.

☆ 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.

☆ 4 steps climate-conscious executives can take to become changemakers
▼ + stars: | 2022-03-15 | by ( Kathy Alsegaf | ) www.businessinsider.com time to read: +6 min

Business leaders have a platform readily available to support their own organizations' climate transformation efforts, engage their employees in meaningful action, and help further external organizations' steps to fight climate change. So how can CxOs become climate changemakers and help tip the scales in favor of our planet's life span? And with CxOs reporting feeling increased pressure from these stakeholder groups around climate action, transparency on measuring progress and meeting goals are even more crucial. However, CxOs should find a compelling way to communicate these less obvious but highly effective sustainability actions. Clear, authentic, and frequent communication — backed up by real commitment and progress — is central to all four steps in becoming a climate changemaker.

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