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Sikka on why Indians shouldn’t worry about jobs

With a new World Economic Forum study warning about a net loss of over five million jobs in next five years because of the fourth industrial revolution, IT giant Infosys CEO Vishal Sikka on Wednesday said there are huge employment opportunities in India but there is a need...
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Weak Business Spending Plans Point to Slower Economic Growth

WASHINGTON — A gauge of U.S. business investment plans fell for a second straight month in September, pointing to a sharp slowdown in economic growth and casting more doubts on whether the Federal Reserve will raise interest rates this year. Other data released Tuesday showed consumer confidence slipped...
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Inventories Hurt 3Q GDP, Domestic Demand Strong

WASHINGTON — U.S. economic growth braked sharply in the third quarter as businesses cut back on restocking warehouses to work off an inventory glut, but solid domestic demand could encourage the Federal Reserve to raise interest rates in December. Gross domestic product increased at a 1.5 percent annual...
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Weak Economic Data Cloud December Rate Hike Possibility

WASHINGTON — U.S. consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty increases. The Commerce Department data and another report Friday from the Labor Department also showed weak inflationary pressures, which would...
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Economic Data Seen Supporting December Interest Rate Hike

WASHINGTON — U.S. private employers maintained a steady pace of hiring in October and a jump in new orders buoyed activity in the services sector, suggesting the economy was strong enough to support an interest rate hike from the Federal Reserve in December. The economic outlook was further...
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Economic Good Tidings for Which We Are Grateful

As Thanksgiving approaches, we think about all of the people and things in our lives that we are thankful for — but how often do we think about being thankful for our economic good fortune? The 24-hour news cycle can make it seem like we are in a...
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5 Steps to Plan Your Retirement

Only 1 in 3 Americans in their 50s has ever tried to plan for retirement, according to a National Bureau of Economic Research study. And a third of those who try to plan admit that they either gave up or failed miserably. The result: Barely 20 percent of...
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