Work from home survey shows most employees suspect senior management wants them back at their desks
Three in four workers said they didn’t think society would ever return to the pre-pandemic way of working. Read More Source link
Europe’s had 8 years of negative interest rates and paltry growth. Now it’s being forced to raise rates—and there’s still no growth
To boost growth, the European Central Bank in 2014 took interest rates negative in a historic move. That much-maligned decision will soon be reversed—but the euro zone’s problems have hardly…
Job cuts in the cards at Credit Suisse following third profit warning of the year
The Swiss lender, which employed more than 50,000 as of the end of 2021, recently overhauled top management after five profit warnings in the past six quarters. Read More Source…
Don’t worry about a deep recession. There are ‘pretty good’ odds of a ‘soft landing,’ PIMCO exec says
Pimco’s Anthony Crescenzi pointed to falling inflation expectations as evidence that the Federal Reserve’s policies are working. It’s a “narrow runway” but the Fed should be able to land without…
Microsoft is lost in the metaverse as its AR head leaves after sexual harassment claims
Alex Kipman, who had been with the Redmond, Washington-based software firm since 2001, was accused of inappropriate behavior toward female employees at Microsoft by current and former workers in an…
New York jumps past Tokyo and Geneva in most expensive cities to live list
Soaring rental costs were part of the reason London and New York took their positions in the top five, with rent in those cities rising 20% and 12% respectively. Read…
Omicron variants BA.4 and BA.5 are unlikely to cause a new summer COVID wave. But they’ll extend the current wave, experts say
Through the July 4 holiday one expert expects “fairly sustained transmission.” Beyond that, it’s hard to say. Read More Source link
4 reasons high gas prices aren’t Joe Biden’s fault—and one critical way he’s adding to the problem
“Biden didn’t help the problem, but he didn’t create it either,” says Jay Hatfield, CIO of Infrastructure Capital Management. Here’s how he’s not helping with high gas prices. Read More…
Novavax COVID shot is approved by FDA advisers, raising possibility of a fourth U.S. vaccine option
Next, the FDA must decide whether to authorize the protein vaccine made by latecomer Novavax as the nation’s fourth coronavirus shot for adults. Read More Source link
Walmart-owned Sam’s Club deploys driverless trucks for deliveries in Texas
Gatik announced Tuesday that its fleet of driverless trucks will start delivering toilet paper and disposable utensils this summer to 34 Sam’s Club locations in the Dallas-Fort Worth area. Read…