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☆ Companies that use AI to replace workers will ultimately lose, Stanford University professor says
▼ + stars: | 2024-01-17 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Read previewCompanies are racing to deploy AI in the workplace but one Stanford University professor said the technology should be used to "complement people" rather than replace them altogether. Brynjolfsson explained that savvy companies will use AI in conjunction with workers because some tasks are better completed by humans and others by machines. Related storiesSome companies have been laying off workers as they implement AI. Some workers are naturally concerned about whether AI is coming for their jobs as the hype around the technology continues. Two CEOs working on new robotic technologies echoed Brynjolfsson's point, telling Business Insider that workers don't need to fear that AI will replace them.

Persons: —, Erik Brynjolfsson, Brynjolfsson, We're Organizations: Service, Stanford University, Business, Stanford Digital Economy Lab, Economic, Deloitte Locations: Davos

☆ Deloitte is rolling out an AI chatbot that can help staff answer emails and create presentations
▼ + stars: | 2024-01-10 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +1 min

The Deloitte AI Institute developed an internal AI chatbot to assist employees with daily tasks. Staff can use it to create Powerpoint presentations and even write code that automates tasks. AdvertisementDeloitte is rolling out its own AI chatbot to 75,000 employees in the Middle East and UK to increase productivity. Deloitte's AI institute developed the AI chatbot "PairD" and first launched the tool in the UK in October, per the Financial Times. The tool can assist staff with daily tasks like writing emails, creating PowerPoint presentations, and carrying out research.

Persons: — Organizations: Deloitte, Institute, East, Staff, Service, Financial Times, Business Locations: Europe, East

☆ Bill Ackman wants more college presidents to be business people. But that's not the way it works.
▼ + stars: | 2024-01-05 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Advancing through academia to the role of president is still the traditional route, with 54% of college presidents in the US taking this path. That's according to the American Council on Education's 2023 American College President Study, which surveyed more than 1,000 presidents. AdvertisementA 2017 Deloitte survey of sitting college presidents found they "overwhelmingly agreed" that campus leaders need academic experience. Business people aren't a popular choice for the position for several reasons, many of which have to do with a president's responsibilities. AdvertisementCautionary tales of presidents with business backgroundsWhile it's unfair to write off university leaders from business backgrounds, some recent experiments do provide a cautionary tale.

Persons: —, Bill Ackman, Claudine Gay, isn't, Ackman, Ackman doesn't, doesn't, Benjamin Ginsberg, it's, Ginsberg, Harvard's Gay, he's, Gay, Tim Wolfe, Simon Newman Organizations: Service, Harvard, Business, American Council, Study, Deloitte, Bloomberg, Johns Hopkins University, Faculty, IBM, Novell, University of Missouri, Mary's University, Education's, Futures Lab Locations: Mount St

☆ 18 execs look ahead and share what they're looking forward to — and their biggest worry
▼ + stars: | 2024-01-05 | by ( Josée Rose | ) www.businessinsider.com time to read: +1 min

Business Insider spoke with 18 execs for the leadership series "Looking Ahead 2024." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLeaders and executives from 18 companies shared vision, strategy, and challenges for Business Insider's "Looking Ahead 2024." This story is available exclusively to Business Insider subscribers.

Persons: Slack, —, Gen Organizations: LinkedIn, Deloitte, PepsiCo, Nestlé, Intuit, Service, Business

☆ Why foreign workers are flocking to this 700-year-old European city
▼ + stars: | 2024-01-03 | by ( Marylou Costa | Jonathan Delise | ) www.cnbc.com time to read: +6 min

Ricardo Schmitz. It's something fellow foreign worker Misha Johanna says is a real benefit of living in Vilnius. Source: Misha Johanna"My company here really encourages people to take all of their vacation. Brazilian Ricardo Schmitz engaging in the sport of curling. Source: Ricardo Schmitz

Persons: Ricardo Schmitz's, hadn't, Schmitz, Ricardo Schmitz, Craig Hastings, It's, Misha Johanna, Johanna, Burger King, Aleh, Laura Guarino, Guarino, Teltonika, it's, they've, Laura Guarino Vilnius, " Schmitz Organizations: CNBC Travel, Deloitte, Mykolas Romeris University, Invest Lithuania, European Union, Organization for Economic Cooperation, OECD, Work, Istock, Napoli, Lithuanian Locations: Vilnius, Lithuania, Brazil, Europe, Switzerland, Hungary, Indonesian, Indonesia, Jakarta, Bali, Italy, Naples, Lithuanian

☆ An innocent-looking Instagram trend could be a gift to hackers, according to a cyber-security expert
▼ + stars: | 2024-01-03 | by ( Sirena Bergman | ) www.businessinsider.com time to read: +6 min

Remove all proof of it from the internet," she said, adding that she felt "we're inching" closer to sharing social security numbers online. Comments accused her of "reaching" and wrote that it was a big step from sharing a favorite color to a social security number. A huge number of viewers also disputed her premise, saying the questions in the template did not coincide with typical security questions. Posting personal information online is always a riskExperts tend to agree that listing personal information online isn't advisable. It's a high price to pay for a social media trend, even if it doesn't feel likely to happen to you.

Persons: —, TikTok, Shiloh, Lisa Plaggemier, Plaggemier, Tessian, It's, Joseph Turow, Eliana Shiloh Organizations: Service, Deloitte, National Cybersecurity Alliance, DOJ, University of Pennsylvania Locations: Chicago

☆ Deloitte's Kwasi Mitchell on 2024: It's our job to make college students less nervous about the future of work
▼ + stars: | 2023-12-18 | by ( Josée Rose | ) www.businessinsider.com time to read: +8 min

I first spoke to Kwasi Mitchell, Deloitte's first chief purpose officer, in March about change in corporate America. For one, his role evolved from broadly touching on sustainability, equity, and social impact to overseeing all DEI — diversity, equity and inclusion — responsibilities at the consulting firm. Mitchell's insights are part of Business Insider's year-end leadership package, "Looking Ahead 2024," which digs into vision, strategy, and challenges across corporate America. I distinctly remember sitting across the table, starting to work with our collaborators on what actually could this be. Having a coalescing force with a few organizations to drive momentum could be really really interesting and impactful in the future.

Persons: Kwasi Mitchell, Deloitte's, Mitchell, there's, He's, we've Organizations: Service, DEI Institute, Deloitte, Economic, San Francisco Chamber of Commerce Locations: America, Business, San Francisco, Francisco, Ukraine, Israel, Palestine

☆ Gen Z is bringing a whole new vibe to the workplace: anxiety
▼ + stars: | 2023-12-11 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +12 min

Another Gallup survey found that Gen Z was the least engaged group in the workplace and the most burned out from their jobs. To cope, Gen Z employees are taking significantly more sick days than their older peers — often due to mental health. You don't know what you don't know. Lou Ali, 41, who manages Malcolmson and another Gen Z employee at the PR agency Honcho, said she was puzzled by what she saw as the paradox of Gen Z's workplace anxiety. She added, "You don't know what you don't know.

Persons: Emma Malcolmson, Malcolmson, Gen Zers, Gen Xers, millennials, Z, Gen Z's, Gen Z, Zers, —, Mele, Cloey Callahan, I'm Slack, Callahan, it's, Lou Ali, Ali, they've, Z's, Ellen Hendriksen, Hendriksen, there's, Henriksen, we'll, Michelle P, King, Eve Upton, Clark Organizations: Health, Safety, Deloitte, Gallup, Depression Association of America, Google, OnePoll Locations: Canada, New York

☆ Amazon's cloud sees growth rates slow from 'optimization' as customers keep cutting costs
▼ + stars: | 2023-12-11 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +6 min

Either way, one thing is certain: Companies are getting serious about cloud spend. And while Wall Street analysts hope the excitement over generative AI will drive customers to spend more money on cloud services next year, it's clear that optimization won't go away. "Cloud spend got big enough at most of the Fortune 500s that it's actually material now," Storment said. Cloud cost-cutting servicesTo save money on cloud services, customers often must first spend money. Customers aren't spending much on generative AI yetEven though "generative AI is the new sexy thing that everyone is exploring," the technology didn't come up in many conversations about budget, Lowell said.

Persons: Adam Selipsky, Werner Vogels, Sid Nag, Gartner, Nag, wasn't, Dave Linthicum, —, Storment, Craig Lowell, Lowell, Linthicum, they're, Bernstein, Mark Schilsky, Ellen Thomas Organizations: Amazon Web, Business, AWS, Wall, Microsoft, Google, Deloitte, FinOps Foundation, Fortune, Venetian Convention, Expo, Companies Locations: Las Vegas, DoiT, ethomas@insider.com

☆ Gen Z is opting out of working for the man. One out of 3 say they want to work for themselves instead.
▼ + stars: | 2023-12-04 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

One of out three Gen Z'ers say the best way to "build wealth" is to be self-employed. This spring, Business Insider wrote about how "Gen Z is the hustle generation":Like the generations before them, Gen Z was sold the idea that if you found a good job and worked hard, you'd reap the rewards. But after watching that dream die for millennials, Gen Z isn't buying into what they view as a broken social contract. AdvertisementMeta didn't disclose how many people it surveyed for its Gen Z survey, and it also didn't say how it collected the data, though it said the Gen Z survey covers the US, UK, Brazil, India, and South Korea. "So we're Gen Z, we're going to pivot, and this is how we're going to pivot."

Persons: Z'ers, Z, —, Gen Z, there's, Gen, they're Organizations: Service, Meta, Business, Deloitte Locations: Instagram, UK, Brazil, India, South Korea

☆ Inside the WNBA's strategy to partner with companies like Deloitte and Google to propel the league — and how it'll leverage that growth in its next rights negotiations
▼ + stars: | 2023-12-04 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +7 min

She listened to her players and what they wanted from the league, including a higher salary cap, but knew she couldn't meet all of their needs. One partner, Deloitte, overhauled the WNBA's app, for example. The current rights deal for the WNBA, which is coming off its largest regular-season viewership in more than two decades, runs through 2025. The mid-season Commissioner's Cup is sponsored by league partner Coinbase. The streaming app WNBA League Pass also brought in viewership, as did deals with Meta and YouTube.

Persons: Cathy Engelbert's, Engelbert, It's, Coinbase, Ethan Miller, Engelbert's, Disney, Nielsen, Ion Organizations: WNBA, Business, Deloitte, Nike, Google, US Bank, Companies, NBA, YouTube, Disney, Team, Seattle Storm's, ESPN, ABC, Scripps Ion, CBS, Meta, Scripps Locations: Las Vegas

☆ Gen Z doesn't trust a traditional job will make them wealthy. One out of 3 say they want to work for themselves instead.
▼ + stars: | 2023-12-04 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

One of out three Gen Z'ers say the best way to "build wealth" is to be self-employed. This spring, Business Insider wrote about how "Gen Z is the hustle generation":AdvertisementLike the generations before them, Gen Z was sold the idea that if you found a good job and worked hard, you'd reap the rewards. But after watching that dream die for millennials, Gen Z isn't buying into what they view as a broken social contract. Meta didn't disclose how many people it surveyed for its Gen Z survey, and it also didn't say how it collected the data, though it said the Gen Z survey covers the US, UK, Brazil, India, and South Korea. One key point it also didn't disclose: how Gen Z attitudes differ — if they do — from other generations.

Persons: Z'ers, Z, —, Gen Z, there's, Gen, Meta, they're Organizations: Service, Meta, Business, Deloitte Locations: Instagram, UK, Brazil, India, South Korea

☆ I got a tech job and quadrupled my salary to $400,000 after leaving law. You don't need a traditional tech background to succeed in the industry.
▼ + stars: | 2023-12-04 | by ( Ellen Nguyen | ) www.businessinsider.com time to read: +7 min

She started her career as a lawyer and pivoted to real estate and recruiting before data privacy. AdvertisementThis as-told-to essay is based on a conversation with Jonea Gordon, a 35-year-old year data privacy program manager based in Philadelphia. Transitioning from law to data privacy and income growth from $90,000 to over $400,000 in five years marks my journey in this field. But this move was strategic because I discovered the lucrative potential of data privacy in tech, which far exceeded my initial expectations. Advice for othersMy advice for those new to tech, particularly in data privacy, is to start in consulting.

Persons: Jonea Gordon, —, I'd, could've, Ernst, Young —, I've Organizations: Cruise, Service, Meta, Google, Twitter, Boston Consulting Group, Big, Deloitte, PricewaterhouseCoopers, KPMG Locations: Philadelphia

☆ As world leaders gather for COP28 one question looms - who will pay for the green transition?
▼ + stars: | 2023-12-04 | by ( Jennifer Steinmann | Pradeep Philip | ) www.businessinsider.com time to read: +6 min

The path to financing the world's transition to green energy remains unclear. Financing the green energy transition is a trillion-dollar question. AdvertisementThe Deloitte Financing the Green Energy Transition report outlines some core financial levers, starting with a fundamental financial principle: the riskier the project, the higher the cost of capital. The report estimates that getting this right could ultimately reduce financing costs by around $50 trillion by 2050. So, what are the associated risks, and what steps can we take to mitigate them and, consequently, reduce financing costs?

Persons: Jennifer Steinmann, Pradeep Philip Organizations: Service, Deloitte Global Sustainability, Economics Locations: Dubai

☆ I'm a 40-year-old former teacher retraining to get into AI. It might be crazy but I wish more people my age were doing it.
▼ + stars: | 2023-12-03 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

She says it's difficult to pivot mid career but wishes more people her age were studying AI. AdvertisementThis as-told-to essay is based on a transcribed conversation with Evrim Kanbur, a 40-year-old former university teacher who is learning to code to work in AI. To pay bills, I get passive income from online classes I pre-record for the e-learning platform Udemy, which I've been doing since 2017. Kabur's home studio where she recorded online classes Evrim KanburRetraining has been quite hardRetraining is not something that's easy to do. But I want to do this now and I'm happy I'm sticking with it.

Persons: Evrim Kanbur, —, I've, I'm, it's Organizations: Service, Deloitte, Riot Games, Harvard University, MIT Locations: Shanghai, China

John Kerry, President Joe Biden's climate envoy, is expected to announce at COP28 a global strategy in nuclear fusion. If it is produced using renewables like wind or solar power, as opposed to fossil fuel generated power, it is called green hydrogen. Governments and companies think green hydrogen could be a way to clean up hard-to-decarbonize industries like steel and cement-making and other industrial manufacturing. PwC said technologies like green hydrogen and reducing food waste have relatively high emissions reduction potential, but are receiving a small share of start-up investment. In 2023, green hydrogen got 3.9% of global climate-tech venture funding, while food waste got 0.7%, it said.

Persons: PwC, John Kerry, Joe Biden's, David Schatsky, Schatsky, Timothy Gardner, Richard Valdmanis, Diane Craft Organizations: International Energy Agency, Fusion Industry Association, FIA, Companies, Deloitte, Entrepreneurship, Reuters, Thomson Locations: Olfus, Iceland, Dubai, United States, Texas, Louisiana, Australia, China, Germany, Japan, U.S, ASIA, AFRICA, France, India, Asia, Africa

☆ Explainer-Can Technology Solve the Global Climate Crisis?
▼ + stars: | 2023-12-01 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +6 min

Persons: Timothy Gardner, PwC, John Kerry, Joe Biden's, David Schatsky, Schatsky, Richard Valdmanis, Diane Craft Organizations: Reuters, International Energy Agency, Fusion Industry Association, FIA, Companies, Deloitte, Entrepreneurship Locations: Dubai, United States, Texas, Louisiana, Australia, China, Germany, Japan, U.S, ASIA, AFRICA, France, India, Asia, Africa

They would also investigate the company's affairs and could refer any suspected misconduct by directors to Hong Kong prosecutors. Evergrande could appeal a liquidation order, but the liquidation process would proceed pending appeal. China Oceanwide Holdings (0715.HK) suspended its shares in September after a Bermuda Court issued a liquidation order. So far over 53 billion yuan ($7.2 billion) of Evergrande's assets have been seized or frozen across China, local media have reported, citing court records. ($1 = 7.3170 Chinese yuan renminbi)Reporting by Clare Jim in Hong Kong and Scott Murdoch in Sydney; Editing by Sumeet Chatterjee, Lincoln Feast and William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: David Kirton, EVERGRANDE, Evergrande, Hui Ka Yan, Clare Jim, Scott Murdoch, Sumeet Chatterjee, Lincoln, William Mallard Organizations: China Evergrande, REUTERS, HK, China Oceanwide Holdings, Bermuda Court, Evergrande, Services, New Energy Vehicle Group, Thomson Locations: Shenzhen, Guangdong province, China, HONG KONG, Hong Kong, Guangzhou, Sydney

☆ Prosus cuts India's Byju's valuation to under $3 billion
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsMUMBAI, Nov 29 (Reuters) - Tech investor Prosus NV (PRX.AS) said on Wednesday it was valuing Indian education firm Byju's at under $3 billion, 86% less than its peak valuation of $22 billion last year, after the company struggled with governance and cash-flow problems. The disclosure, made by interim CEO Ervin Tu during Prosus earnings call, is the latest cut to Byju's valuation after several executives and board members quit and it delayed filing its 2021/22 financial results by a year. Over the past year, shareholders including Prosus and Blackrock have successively cut Byju's valuation to $11 billion in March, $8 billion in May and $5 billion in June. It has delayed publishing its financial results, prompting auditor Deloitte and three board members quit in June. Byju's filed the delayed but incomplete financial results earlier this month, and is looking to sell off entire business lines to raise cash.

Persons: Dado Ruvic, Ervin Tu, Prosus, Byju's, Sriram, Aditya Kalra, Miral Organizations: REUTERS, Rights, Tech, Prosus NV, Prosus, Blackrock, Atlantic, Deloitte, Thomson Locations: Rights MUMBAI, Silver

☆ Elite women’s sports tipped to generate over $1.2 billion next year
▼ + stars: | 2023-11-29 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Elite women’s sports will generate revenue of $1.28 billion in 2024, according to financial analysts Deloitte, up 300% from three years ago. “Crucially, women’s sport is increasingly being viewed as a unique product that is becoming ever more distinct from men’s elite sport.”The forecast comes at an exciting time for women’s sports, which have generally been on an upward trajectory in recent years. The FIFA Women’s World Cup, for example, was a roaring success which brought soccer to a whole new audience. Deloitte predicts the Women's Tennis Association (WTA) tour will be a major contributor to revenue next year. Sarah Stier/Getty ImagesDeloitte’s predictions forecast that valuations of women’s teams and leagues will continue to rise, with broadcast deals becoming increasingly lucrative.

Persons: ” Jennifer Haskel, “, Luis Rubiales, Jennifer Hermoso, Sarah Stier, ” Paul Lee, ” Organizations: CNN, Elite, Deloitte, Deloitte’s Sports Business, FIFA, Tennis Association, “ Broadcasters Locations: Spanish, Spain, Europe, North America

☆ US Thanksgiving weekend sales hit record $38 bln on big discounts - report
▼ + stars: | 2023-11-28 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Shoppers crowd a Walmart store ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. Online consumer spending jumped 7.8% during Cyber Week, or the five days from Thanksgiving through Cyber Monday, according to data from Adobe Analytics, outstripping initial expectations for a 5.4% rise. But blockbuster deals rolled out from Thanksgiving Day through Cyber Monday helped spread the holiday cheer for bargain-hunters. Sales on Cyber Monday jumped a better-than-expected 9.6% to a record $12.4 billion, as shoppers clicked "buy" on Hot Wheels toys, PlayStation 5, smart watches and kitchen appliances. Reuters GraphicsAdobe said discounts peaked at 31% for electronics and at 27% for toys on Cyber Monday, which is typically the biggest online shopping day in the U.S.

Persons: Kamil Krzaczynski, Vivek Pandya, trouncing, Klarna, Deborah Sophia, Juby Babu, Pooja Desai Organizations: Walmart, REUTERS, Adobe Analytics, Deloitte, Adobe Digital, Graphics Adobe, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

☆ Don't use your own phone in Hong Kong, 2 accounting giants reportedly tell workers
▼ + stars: | 2023-11-28 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

KPMG and Deloitte advised workers to use burner phones in Hong Kong, The Financial Times reported. AdvertisementTwo accounting giants have told staff not to use their phones on visits to Hong Kong, the Financial Times reported. KPMG and Deloitte have instructed employees to use burner phones in the Chinese special administrative region, according to the newspaper. AdvertisementIt comes after former president Donald Trump issued an executive order in 2020 declaring that Hong Kong was "no longer sufficiently autonomous" to be differentiated from China. Last year athletes participating in the Winter Olympics were also advised to use burner phones , BBC News reported.

Persons: —, Donald Trump Organizations: KPMG, Deloitte, The Financial Times, McKinsey, Beijing's, Service, Financial Times, Reuters, BBC News, BBC Locations: Hong Kong, China

☆ US Thanksgiving weekend sales hit record on big discounts, online boost
▼ + stars: | 2023-11-28 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +3 min

More than 200 million shoppers tapped into promotions both in-store and online during the Thanksgiving weekend, the National Retail Federation (NRF) said on Tuesday. That was a jump from the 196 million shoppers seen last year and trumped the trade association's estimates of 182 million. Online shoppers rose 3.1% to 134.2 million, making up for a slight dip in the number of customers who visited brick-and-mortar stores. The weekend saw about 121.4 million in-store shoppers, down from 122.7 million in 2022, according to the retail body. Adobe said discounts peaked at 31% for electronics and at 27% for toys on Cyber Monday, which is typically the biggest online shopping day in the U.S.

Persons: Kamil Krzaczynski, Matthew Shay, Vivek Pandya, trouncing, Klarna, Deborah Sophia, Juby Babu, Pooja Desai Organizations: Walmart, REUTERS, Adobe Analytics, Deloitte, National Retail Federation, Shoppers, Adobe Digital, Adobe, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

☆ From late arrivals to surprise phone calls, how to recover when your job interview is going off the rails
▼ + stars: | 2023-11-28 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +6 min

Here, Freeman and Sharghi share some common awkward situations that can disrupt a job interview, and how to recover from them with grace. If you're alerted that your interview will run behind schedule, it's appropriate to remind the recruiter about your own time constraints. "It all boils down to communication and being transparent with the recruiter," Sharghi says. Your phone goes offIn 99% of cases, if your phone goes off mid-interview, don't answer it, Freeman says. The interviewer is giving you zero energySometimes you may feel you're giving your most high-energy, best first impression, but you're getting little positive feedback from your interviewer, Freeman says.

Persons: Teresa Freeman, Farah Sharghi, Freeman, Sharghi, you've, stow, it's, I'm, — Organizations: Deloitte, Google

The Amplify Online Retail ETF climbed 0.44% and the ProShares Online Retail ETF ended the regular trading session 0.39% higher. The broader VanEck Retail ETF gained 0.02%, and the SPDR S&P Retail ETF was the only one in the group to post declines. The Amplify ETF's gains have been driven by top holdings like Affirm Holdings (AFRM.O), up 11.97% on Monday and 97% so far in 2023. The VanEck Retail ETF's holdings include Costco, (COST.O), which gained 0.6% Monday and is up more than 30% so far this year. For example, the SPDR S&P Retail ETF trades at $63.64, down from its year high of $75.77.

Persons: Caitlin Ochs, Michael Ashley Schulman, Suzanne McGee, Ira Iosebashvili, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Exchange, Shoppers, Adobe Digital, Adobe Inc, Adobe, P, Costco, Nasdaq, P Retail, PwC, Deloitte, Running, Thomson, & $ Locations: New York City, U.S

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