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Dan Loeb’s Third Point Laments Missing ‘Obvious’ Tech Rally, Pivots to AI
Dan Loeb’s Third Point Laments Missing ‘Obvious’ Tech Rally, Pivots to AI
Third Point LLC’s flagship fund underperformed the broader US market in the second quarter, gaining just 1.1% after
2023-08-02 02:59
Volkswagen location searched in connection with works council salaries
Volkswagen location searched in connection with works council salaries
(Corrects headline, first paragraph after prosecutor spokesperson corrected statement on what premises were searched to four private properties and Volkswagen's
2023-09-27 22:19
PwC Australia names dozens of staff involved in government tax plan leak
PwC Australia names dozens of staff involved in government tax plan leak
By Lewis Jackson SYDNEY PricewaterhouseCoopers (PwC) Australia on Monday named at least 67 current and former staff involved
2023-06-05 14:56
Treasuries Tumble With US Payroll Growth Blowing Past Estimates
Treasuries Tumble With US Payroll Growth Blowing Past Estimates
The bond market’s selloff accelerated after a surge in US hiring raised expectations that the Federal Reserve will
2023-10-06 22:55
Bayer Sees Profit at Low End of Target as Weedkiller Tumbles
Bayer Sees Profit at Low End of Target as Weedkiller Tumbles
Bayer AG said profit this year will probably be at the lower end of its forecast amid falling
2023-05-11 14:54
Hyundai Motor's union in South Korea votes on strike
Hyundai Motor's union in South Korea votes on strike
By Heekyong Yang SEOUL Hyundai Motor's unionised workers in South Korea on Friday vote to decide on a
2023-08-25 07:54
The Fed can't decide how much money US households have left
The Fed can't decide how much money US households have left
There's just one thing keeping the US economy afloat: You.
2023-07-05 19:53
South Korea to ease loan curbs for some homeowners paying 'jeonse' deposits
South Korea to ease loan curbs for some homeowners paying 'jeonse' deposits
SEOUL South Korea will loosen loan regulations for homeowners having difficulty repaying "jeonse" deposits to tenants, for a
2023-07-26 10:46
FTX Approved to Start Selling $744 Million in Grayscale Assets
FTX Approved to Start Selling $744 Million in Grayscale Assets
FTX Trading Ltd. won bankruptcy court approval to begin selling its stakes in digital trusts managed by crypto
2023-11-30 05:27
Morgan Stanley’s Wilson Says Fiscal Policy a Risk for Stocks
Morgan Stanley’s Wilson Says Fiscal Policy a Risk for Stocks
Warning bells are ringing for US stocks from signs that high government spending, which underpinned economic growth this
2023-08-07 22:27
Ford to bring Mustang back to Le Mans under company rebranding
Ford to bring Mustang back to Le Mans under company rebranding
Ford has planned a return to the 24 Hours of Le Mans with its iconic Mustang muscle car next year under a massive rebranding of Ford Performance that is aimed at bringing the automotive manufacturer “into the racing business.”
2023-06-10 18:24
Zoom CEO raises eyebrows by saying people need to go back to the office
Zoom CEO raises eyebrows by saying people need to go back to the office
Zoom CEO Eric Yuan told staff an all-hands meeting earlier this month that he wants employees to return to in-person work because Zoom is making them too “friendly” and unable to build trust. “Over the past several years, we’ve hired so many new ‘Zoomies’ that it’s really hard to build trust,” Mr Yuan says in the audio, which was obtained and first reported by Insider. “We cannot have a great conversation. We cannot debate each other well because everyone tends to be very friendly when you join a Zoom call.” Mr Yuan’s thoughts were accompanied by action: On 3 August, Zoom instituted a new policy requiring employees who live within 50 miles of a physical Zoom office to report to work at least two days per week. The return to the office policy at Zoom is striking considering that it was the Covid-19 pandemic and resulting stay-at-home orders that turned the platform from one few people had ever heard of to a part of everyday life for millions. But Mr Yuan is not alone among senior executives at tech firms. Apple, Meta, and Amazon have all instituted return-to-work policies in recent months, angering employees who have enjoyed the increased flexibility afforded by work-from-home policies. Since Covid-19 vaccines have facilitated the re-opening of the economy, workers and bosses in many sectors have clashed over the importance of in-person work and the ability of companies to exercise control over their employees whereabouts and schedules. Some, like Zoom and a number of other tech companies, have adopted hybrid policies in which workers are required to come into the office on certain days of the week but are allowed to work from home on others. But even those companies have faced backlash from workers, many of whom were hired at a different stage of the pandemic when most or all work at their respective companies was being conducted remotely. Mr Yuan’s comments, which were not meant for public consumption, may provide a measure of insight into how he and other top executives truly feel about Zoom and remote work more broadly — suggesting that it somehow limits innovation by not allowing for the sometimes uncomfortable kinds of interactions that can build trust. Mr Yuan, who was born and raised in China, moved to Silicon Valley during the late 1990s. He founded Zoom more than a decade ago and became a multibillionaire during the pandemic. Read More Maui residents are still reeling from wildfire devastation. Now investors and realtors are trying to cash in
2023-08-25 03:30