Author: arthursheikin@gmail.com

[ad_1] London CNN  —  Workers are struggling to cope with a “seemingly infinite workday,” involving an increasing load of meetings scheduled at 8 p.m. or later and a near-constant stream of interruptions, according to new research by Microsoft. The company analyzed data from users of Microsoft 365 services — which include Outlook and PowerPoint — globally between mid-January and mid-February. It found that the number of meetings booked between 8 p.m. and just before midnight had risen 16% compared with last year. Geographically dispersed teams, as well as those with flexible working arrangements, were responsible for much of that increase.…

[ad_1] Turning an internship into a full-time job on Wall Street requires dedication and a voracious work ethic — working late nights, for example, comes with the territory.At Goldman Sachs, it also means mustering up the courage to ask full-timers, including senior bankers, to grab a latte with you.If that sounds intimidating, it is — but it’s also par for the course at the powerhouse investment bank, according to Goldman staffers who started out as interns.”We have what we call a ‘coffee culture,’ where it’s totally normal and expected, frankly, for you to make that ask — all the way…

[ad_1] Washington CNN  —  Americans are feeling a hangover from their tariff-fueled buying frenzy early in the spring. Retail sales fell by 0.9% in May from the prior month, the Commerce Department said Tuesday, down sharply from April’s downwardly revised 0.1% decline. That was the steepest monthly decline since January and worse than the 0.7% decrease economists projected in a poll by data firm FactSet. The figures are adjusted for seasonal swings but not inflation. The drop was mostly due to plummeting car sales. Excluding those purchases, retail sales were down a more modest 0.3%. Early in the spring, Americans…

[ad_1] New York CNN  —  Mark Zuckerberg’s Meta offered employees of rival OpenAI signing bonuses of $100 million to switch companies, according to Open AI CEO Sam Altman. “They started making giant offers to a lot of people on our team,” Altman said Tuesday on the “Uncapped” podcast hosted by his brother Jack. “You know, like $100 million signing bonuses.” Altman said that Meta’s attempts to poach his staff have failed, at least so far. “None of our best people have decided to take them up on that,” Altman said. Meta didn’t immediately respond to a request for comment. The…

[ad_1] Pope Leo XIV is making the threat of AI to humanity a key issue of his legacy, challenging the technology industry that has spent years courting the Vatican.  The new American pope’s namesake, Leo XIII, stood up for the rights of factory workers during the Gilded Age, a period in the 19th century of swift economic change and extreme wealth inequality led by corrupt industrial robber barons. Speaking to a hall of cardinals last month, the pope said he would rely on 2,000 years of church social teaching to “respond to another industrial revolution and to innovations in the…

[ad_1] Tales of intergenerational turmoil tend to strike a nerve, so I steeled myself for some angry emails last month when I wrote a story about the millennials who aren’t ready to inherit homes from their baby boomer parents. Both boomers and millennials have good reason to get touchy about media scrutiny — each side has caught plenty of grief for the economic shortcomings of the younger generation. But in all my mental preparation, I failed to consider that my story would piss off an entire other cohort: Gen Xers.What I wrote still rings true: Millennials stand to inherit trillions…

[ad_1] Stay informed with free updatesSimply sign up to the Chinese economy myFT Digest — delivered directly to your inbox.China’s central bank governor has said he expects a new global currency order to emerge after decades of dominance by the US dollar, with the renminbi competing in a “multi-polar international monetary system”.Speaking at China’s flagship financial forum in Shanghai, Pan Gongsheng said the US dollar had “established its dominance” after the second world war and “retained its status up till now”. He warned of “excessive reliance” on a single currency. “In the future, the global monetary system may continue to…

[ad_1] New York CNN  —  Liquid Death is getting closer to resembling its name. The trendy water brand is partnering with WhistlePig Whiskey to create a new whiskey partially aged in an actual casket at the Vermont distillery, and made with Liquid Death’s mountain-sourced water, the companies announced Wednesday. The limited-time release, called “WhistlePig GraveStock Wheat Whiskey,” is “pouring one out for the drinkers who know life is too short to drink anything but the best,” the companies said in a press release. The collaboration is taking aim at people who might be tired of spritzes, canned cocktails and beers.…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is co-global head of investment strategy for JPMorgan Private BankMarket narratives tend towards extremes. Is the US an unstoppable economic power or a cautionary tale of debt and dysfunction? The truth, as is so often the case in investing, lies somewhere in between.Investors face considerable policy uncertainty from a new US administration. The public debt and deficit have risen dramatically, and pending legislation would likely exacerbate the trend. As the dollar has weakened and long-term bond yields have risen…

[ad_1] New York CNN  —  Smartwater is bringing one of the world’s most familiar faces — and former friend — back to its advertisements. Jennifer Aniston is once again the face of the electrolyte-infused water, rejoining the brand following a five-year hiatus. The Coca-Cola-owned unit has re-signed the actress and entrepreneur to attract attention to the nearly 30-year-old Smartwater, which faces growing competition from newer brands. Aniston first signed with Smartwater in 2007, shortly after Coca-Cola acquired the company, helping it become the top-selling premium water brand in the United States. Her memorable ads became a mainstay on television and…