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Amazon is testing new technologies in an effort to make handling packages safer for employees. A recent analysis found Amazon workers suffer injuries at higher rates than other companies. Amazon is testing new technologies in a bid to make handling packages and other work safer for employees, the e-commerce said Sunday, two weeks after a Washington Post analysis found Amazon warehouse workers suffer serious injuries at higher rates than other companies. Last fall, two Michigan lawmakers who made a surprise visit to an Amazon warehouse questioned the safety of Amazon facilities. Other reports have highlighted the dangers warehouse workers can face on the job.
Persons: Kevin Keck, Keck, Washington Post's Jay Greene, Chris Alcantara, Jeff Bezos, Amazon, Ernie, Ina Fassbender, Bert, Rashida Tlaib, Debbie Dingell, Will Evans Organizations: Washington Post's, Occupational Safety, Health, Amazon, Getty, Bloomberg News, Center, Investigative Locations: Washington, AFP, Michigan
Chinese government entities involved in the effort to regulate data, including the State Council and the Cyberspace Administration of China, didn’t respond to requests for comment. That requirement, at least initially, was largely limited to companies deemed “critical infrastructure providers,” a loosely defined category that has included foreign banks and tech firms. It has built a data center in China for customers of its iCloud service, for data including photos, documents, messages, apps and videos uploaded by Apple users throughout the mainland. Chinese companies have pushed back on previous proposals to open up and centralize their statistics, such as those on customers’ borrowing habits and payment histories. Resisting requests to share more data, China’s tech giants cited a lack of relevant regulations.
Persons: Xi Jinping, Xi, Pony Ma, , Ma, Jack Ma’s, Jason Lee, Tesla, Aly Song, Ryan Fedasiuk, Greg Baker, Chuxing, Meituan, Didi, JD.com, Tesla’s, greenlighted, Tesla’s Gigafactory, Qilai Shen, Lester Ross, Li Keqiang, Jack Ma, Philippe Lopez, Ant, hasn’t, Li Lihui, Tencent, Martin Lau, , Shenzhen’s, Wei Organizations: Communist Party, Tencent Holdings, Holding, ByteDance, Co, State Council, Cyberspace Administration, Reuters, Tesla Inc, U.S, Federal Trade Commission, Data Security, National People’s Congress, EU, Georgetown University’s Center for Security, Emerging Technology, , China, Microsoft Corp, Microsoft, LinkedIn, Agence France, JD.com Inc, Apple Inc, Apple, Citigroup Inc, BlackRock Inc, Citigroup, BlackRock, Bloomberg News, Motorola Mobility, Administration, Baidu Inc, CyberSecurity Association of China, Lawyers, Ant, Ant Group, , of China Ltd, Bloomberg, Shenzhen Locations: Beijing, China, Reuters Beijing, Europe, Russia, Shanghai, U.S, WilmerHale, , Shenzhen, , lingling.wei
AMC Bet by Hedge Fund Unravels Thanks to Meme-Stock Traders
  + stars: | 2021-06-11 | by ( Matt Wirz | Juliet Chung | ) www.wsj.com + 0.00   time to read: +7 min
A multipronged bet on AMC Entertainment Holdings Inc. AMC 12.84% boomeranged this month on Mudrick Capital Management LP, the latest hedge fund to fall victim to swarming day traders. But he also sold call options, derivative contracts meant to hedge the fund’s exposure to AMC should the stock price founder. Day traders took their first run at AMC shares in late January. Meanwhile, investors who bought AMC stock at the start of the year and held on have gained about 2000%. Theater attendance, already under pressure, had disappeared almost entirely amid Covid-19 pandemic lockdowns, and AMC stock traded as low as $2.
Persons: Jason Mudrick, Bing Guan, Mudrick, Mudrick’s, Adam Aron, — Alexander Gladstone, Soma Biswas, Matt Wirz, Juliet Chung Organizations: AMC Entertainment Holdings Inc, AMC, Mudrick Capital, GameStop Corp, Bloomberg, Mudrick, Bloomberg News, U.S . Securities, Exchange Commission, GameStop, NJOY Holdings Inc, Globalstar Inc, HSBC Alternative Investment, Federal Reserve, Capital Locations: Mudrick
The price of bacon has jumped 13% year-on-year, BLS data shows, and it rose 1.8% between April and May. Bacon is now 13% more expensive than a year ago, according to the latest data from the Bureau of Labor Statistics (BLS). The cost of bacon rose 1.8% between April and May, according to BLS data — this was a slower increase than March to April, when bacon prices jumped 3.4%. Over the past year, whole milk prices have risen 7.2%, beer 2.4%, and cigarettes 7.6%, the BLS data showed. The 5% year-on-year inflation was the strongest since August 2008, and beat economists' expectations.
Persons: Bacon, Burger, Popeyes, Jayson L, Lusk, Whiskey, Insider's Juliana Kaplan, Andy Kiersz Organizations: Bureau of Labor Statistics, Bloomberg News, Department of Agricultural, Perdue, BLS, CPI
United may split major jet order between Boeing, Airbus -sources
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.99   time to read: 1 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoUnited Airlines (UAL.O) is in talks to place a multibillion-dollar order for single-aisle jets to be potentially split between Boeing and European rival Airbus, industry sources said. If confirmed, the deal is expected to include more than 100 of Boeing's (BA.N) 737 MAX 8 and dozens of the slightly larger Airbus (AIR.PA) A321neo, they said, asking not to be identified. The potential Boeing order was first reported by Bloomberg News. read moreOur Standards: The Thomson Reuters Trust Principles.
Persons: Chris Helgren Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Boeing, Airbus, Bloomberg News, Thomson Locations: New York City, New Jersey, U.S
United Airlines in talks to buy at least 100 Boeing 737 Max jets - Bloomberg News
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoUnited Airlines Holdings Inc (UAL.O) is in advanced talks to buy a large narrow-body aircraft order, which would include at least 100 Boeing Co (BA.N) 737 Max jets as part of a broader fleet revamp, Bloomberg News reported late Wednesday. "We do not currently have a deal in place with Boeing or Airbus to purchase new aircraft and do not comment on speculative aircraft orders," United spokesperson Luke Punzenberger said. In March, the airline had ordered 25 new Boeing 737 MAX aircraft, as it prepares to replace aging jets and meet post-pandemic demand growth. Reuters last month reported that Boeing had drawn up preliminary plans for a fresh sprint in 737 MAX output to as many as 42 jets a month in fall 2022. read moreOur Standards: The Thomson Reuters Trust Principles.
Persons: Chris Helgren, Luke Punzenberger Organizations: United Airlines, Newark Liberty International Airport, REUTERS, United Airlines Holdings Inc, Boeing Co, Bloomberg News, Boeing, Airbus, Bloomberg, MAX, Reuters, Thomson Locations: New York City, New Jersey, U.S, United States
United to split major jet order between Boeing, Airbus -sources
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.98   time to read: +2 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoUnited Airlines (UAL.O) is in talks to place a multi-billion-dollar order for single-aisle jets potentially split between Boeing (BA.N) and Airbus (AIR.PA), industry sources said. If confirmed, the deal could include over 100 of Boeing's (BA.N) 737 MAX 8 and several dozen larger Airbus (AIR.PA) A321neo jets, they said, asking not to be identified. Boeing and Airbus both said they do not comment on customer discussions. In March, United ordered 25 new Boeing 737 MAX aircraft, as it prepares to replace aging jets and meet post-pandemic demand growth.
Persons: Chris Helgren, Luke Punzenberger, United Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Boeing, Airbus, Bloomberg News, MAX, Thomson Locations: New York City, New Jersey, U.S, United States, COVID
United to split 200-jet order between Boeing, Airbus -sources
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoUnited Airlines (UAL.O) is in talks to buy around 200 single-aisle jets in a multibillion-dollar revamp set to benefit both Boeing (BA.N) and Airbus (AIR.PA), industry sources said. That portion of the order could include 150 MAX aircraft, it said. Boeing and Airbus both said they do not comment on customer discussions. In March, United ordered 25 new Boeing 737 MAX aircraft, as it prepares to replace aging jets and meet post-pandemic demand growth.
Persons: Chris Helgren, Luke Punzenberger, United Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Boeing, Airbus, Bloomberg News, MAX, Thomson Locations: New York City, New Jersey, U.S, United States, COVID
Jewelry retailer Alex and Ani files for Chapter 11 bankruptcy protection
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
Women shop for jewelry in ALEX AND ANI at the King of Prussia Mall, United States' largest retail shopping space, in King of Prussia, Pennsylvania, U.S., December 8, 2018. REUTERS/Mark Makela /File PhotoJewelry retailer Alex and Ani filed for Chapter 11 bankruptcy protection, according to a court filing made on Wednesday. The company's estimated assets ranged from $100 million to $500 million as did its estimated liabilities, according to the filing made in the United States Bankruptcy Court for the District of Delaware. Alex and Ani's products include charm bracelets and necklaces. Founded in 2004 by Carolyn Rafaelian, it has locations in the United States, Aruba and Panama.
Persons: King, King of Prussia, Mark Makela, Alex, Ani, Carolyn Rafaelian Organizations: REUTERS, United States, District of, Simon Property Group Inc, Brookfield Property Partners, Bloomberg News, Thomson Locations: Prussia, United States, King, King of Prussia , Pennsylvania, U.S, District of Delaware, Aruba, Panama
FILE PHOTO: Representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration taken May 20, 2021. REUTERS/Dado Ruvic/Illustration/File Photo(Reuters) - MicroStrategy Inc, a major bitcoin corporate backer, has increased the size of a junk-bond sale to help buy more bitcoin, now targeting $500 million, Bloomberg News reported on Tuesday. The company, which initially had planned to issue $400 million of the debt, is offering a yield of between 6.125% to 6.25% on the secured offering, the report here said, citing a person familiar with the matter. MicroStrategy did not immediately respond to a Reuters request for comment. The company spent the last year steadily amassing more bitcoin after making its first investment in August as the cryptocurrency soared in value.
Persons: Dado Ruvic, MicroStrategy Organizations: REUTERS, Bloomberg
MicroStrategy to sell $500 mln of bonds to buy bitcoins
  + stars: | 2021-06-08 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
Representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration taken May 20, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoMicroStrategy Inc (MSTR.O), a major bitcoin corporate backer, said on Tuesday it was offering $500 million in bonds and the proceeds will be used to buy bitcoins . This comes a day after the world's largest publicly-traded business intelligence company said it planned to raise $400 million through senior secured notes due 2028 in a private offering. The company spent the last year steadily amassing more bitcoin after making its first investment in August as the cryptocurrency soared in value. The senior secured notes offering, expected to close on June 14, will bear an annual interest rate of 6.125%, the company said.
Persons: Dado Ruvic Organizations: REUTERS, Bloomberg News, Thomson
Websites around the world, including major news sites and the United Kingdom's government page, were temporarily down during a massive outage early Tuesday. The company, which provides content delivery services to many websites, said the "issue has been identified and a fix is being implemented." It was not immediately clear what caused the massive outage. Multiple news outlets were taken offline, including BBC, Bloomberg News, CNN, The Financial Times, The Guardian, The New York Times and The Verge. The New York Times, CNN and the Guardian appeared to be back up and running about an hour after they were temporarily disabled.
Persons: Fastly, Pinterest, Twitch, Organizations: United, BBC, Bloomberg News, CNN, The Financial Times, Guardian, The New York Times Locations: American
Free vaccines, food to cost India an additional $11 billion - Bloomberg News
  + stars: | 2021-06-08 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
FILE PHOTO: A man receives a Bharat Biotech's COVID-19 vaccine called COVAXIN, at a vaccination centre, in New Delhi, India, February 13, 2021. REUTERS/Adnan Abidi(Reuters) - India will need to spend an additional 800 billion rupees ($11 billion) to provide free vaccine and food to millions of people devastated by a deadly wave of coronavirus infections, Bloomberg News said on Tuesday. The government of the world's second most populous nation will earmark an additional 700 billion rupees to provide food until November to the poor and other eligible groups, it said bloom.bg/3g1Qbjn, citing people familiar with the matter. The government may not have to tap the bond market for the funds, the sources said, citing a dividend of 991.2 billion rupees it received from the central bank and inflows expected from asset sales. India will provide the free vaccines to all adults, Prime Minister Narendra Modi said on Monday after markets closed, in a bid to rein in a pandemic that has killed hundreds of thousands.
Persons: Adnan Abidi, Narendra Modi Organizations: REUTERS, Bloomberg Locations: New Delhi, India
METALS-Shanghai copper eases on U.S. tightening worries, softer Chinese demand
  + stars: | 2021-06-08 | by ( Mai Nguyen | ) www.reuters.com sentiment -1.00   time to read: +2 min
(Updates prices, adds quotes)HANOI, June 8 (Reuters) - Shanghai copper prices fell on Tuesday as fears of monetary policy tightening in the United States and softer demand in top consumer China pressured prices. The most-traded July copper contract on the Shanghai Futures Exchange fell 0.3% to 71,450 yuan ($11,176.81) a tonne at 0449 GMT, while three-month copper on the London Metal Exchange edged up 0.1% to $9,910.50 a tonne. China’s copper imports fell 8% in May from the previous month, official data showed, as record-high prices further eroded buying interest in the country. * ShFE aluminium dropped 0.7% to 18,340 yuan a tonne, nickel shed 1% to 130,320 yuan a tonne while lead rose 0.4% to 15,045 yuan a tonne. * LME cash aluminium was at a $5.24-a-tonne discount to the three-month contract CMAL0-3, the smallest discount since May 7, indicating nearby supplies are tightening.
Persons: Janet Yellen, Joe Biden’s, , Malcolm Freeman, Mai Nguyen, Ramakrishnan Organizations: Shanghai Futures Exchange, London Metal Exchange, U.S, Treasury, Bloomberg News, Futures Locations: HANOI, Shanghai, United States, China
Nvidia asks Chinese regulators to approve $40 billion Arm deal - FT
  + stars: | 2021-06-08 | by ( ) www.reuters.com sentiment -0.96   time to read: +1 min
The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert GalbraithNvidia Corp (NVDA.O) has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported on Tuesday, citing people familiar with the matter. The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months, according to Chinese antitrust lawyers, the report added. Nvidia said last month it expects to close the Arm acquisition by March 2022, after having struck a deal with Japan's SoftBank Group (9984.T) in September 2020. read moreIn February, Bloomberg News reported that the U.S. Federal Trade Commission had opened an in-depth probe into Nvidia's agreement to buy Arm. read moreOur Standards: The Thomson Reuters Trust Principles.
Persons: Robert Galbraith Nvidia Organizations: Nvidia, REUTERS, Robert Galbraith Nvidia Corp, Financial Times, Japan's SoftBank, Bloomberg News, U.S . Federal Trade Commission, Thomson Locations: Santa Clara , California
Free vaccines, food to cost India an additional $11 bln -Bloomberg News
  + stars: | 2021-06-08 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
3D-printed small toy figurines, a syringe and vial labelled "coronavirus disease (COVID-19) vaccine" are seen in front of India flag in this illustration taken May 4, 2021. REUTERS/Dado Ruvic/IllustrationIndia will need to spend an additional 800 billion rupees ($11 billion) to provide free vaccine and food to millions of people devastated by a deadly wave of coronavirus infections, Bloomberg News said on Tuesday. The government of the world's second most populous nation will earmark an additional 700 billion rupees to provide food until November to the poor and other eligible groups, it said, citing people familiar with the matter. The government may not have to tap the bond market for the funds, the sources said, citing a dividend of 991.2 billion rupees it received from the central bank and inflows expected from asset sales. India will provide the free vaccines to all adults, Prime Minister Narendra Modi said on Monday after markets closed, in a bid to rein in a pandemic that has killed hundreds of thousands.
Persons: Dado Ruvic, Narendra Modi Organizations: REUTERS, Bloomberg, Thomson Locations: India
Financial Times, New York Times, Bloomberg News websites down
  + stars: | 2021-06-08 | by ( ) www.reuters.com sentiment -1.00   time to read: 1 min
Vehicles drive past the New York Times headquarters in New York March 1, 2010. REUTERS/Lucas Jackson/File PhotoMultiple websites operated by news outlets including the Finiancial Times, the New York Times and Bloomberg News were down across the globe on Tuesday. Separately, Amazon.com Inc's (AMZN.O) retail website also seemed to face an outage. The issue affecting the sites was not immediately clear. Our Standards: The Thomson Reuters Trust Principles.
Persons: Lucas Jackson, Inc's Organizations: New York Times, REUTERS, Finiancial Times, Bloomberg, Thomson Locations: New York
Spot gold rose 0.2% to $1,893.38 per ounce by 11:26 a.m. EDT (1526 GMT). Gold rose over 1% on Friday after a weaker-than-expected U.S. monthly jobs report calmed fears about the Fed reining in monetary stimulus in the near future. Inflation will remain in focus, with the U.S. consumer price index report due on Thursday, and central bank meetings scheduled in Europe and Canada. Silver rose 0.3% to $27.86 per ounce, palladium shed 0.5% to $2,830.02, while platinum advanced 0.4% to $1,166.67. (Reporting by Eileen Soreng in Bengaluru, additional reporting by Nishara Karuvalli Pathikkal and Arundhati Sarkar; Editing by Simon Cameron-Moorea, Jan Harvey, Jonathan Oatis and Richard Chang)
Persons: Janet Yellen’s, Bob Haberkorn, Yellen, Joe Biden’s, RJO’s Haberkorn, Eugen Weinberg, Metals, Eileen Soreng, Nishara Karuvalli Pathikkal, Arundhati Sarkar, Simon Cameron, Moorea, Jan Harvey, Jonathan Oatis, Richard Chang Organizations: U.S, CPI, Federal Reserve, Treasury, Bloomberg News Locations: U.S, United States, Europe, Canada, Bengaluru
Walmart's Flipkart in talks to raise $3 bln from SoftBank, others - Bloomberg News
  + stars: | 2021-06-07 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
The logo of India's e-commerce firm Flipkart is seen in this illustration picture taken January 29, 2019. REUTERS/Danish Siddiqui/Illustration/File PhotoWalmart Inc-owned (WMT.N) Indian e-commerce firm Flipkart is in talks to raise at least $3 billion from investors including Japan's SoftBank Group Corp (9984.T) and several sovereign wealth funds, Bloomberg News reported on Monday. SoftBank could invest $300 million to $500 million of the total through its Vision Fund II, according to the report. Flipkart, SoftBank and the Abu Dhabi Investment Authority did not immediately respond to Reuters requests for comment. SoftBank sold its roughly 20% stake in the e-commerce firm to Walmart in 2018.
Persons: Danish Siddiqui, Singapore's GIC, SoftBank, Flipkart Organizations: REUTERS, Danish, Walmart Inc, Japan's SoftBank Group Corp, Bloomberg, Plan Investment Board, Abu, Abu Dhabi Investment Authority, Vision, Walmart, Reuters, Thomson Locations: Canada, Abu Dhabi, United States, Bengaluru
Spot gold was down 0.2% at $1,885.42 per ounce by 1215 GMT, while U.S. gold futures eased 0.2% to $1,887.60. Yields on U.S. 10-year notes were a touch higher after sliding 7 basis points on Friday, curbing interest in non-yielding gold. Lower interest rates decrease the opportunity cost of holding non-yielding gold. Inflation will remain in focus this week, with the latest U.S. consumer price index report due on Thursday. Silver dipped 0.8% to $27.56 per ounce, palladium was down 0.4% at $2,832.63, and platinum rose 0.3% to $1,165.51.
Persons: Eugen Weinberg, “ Gold, , Rhona O’Connell, Janet Yellen, Joe Biden’s, Commerzbank’s Weinberg, Nishara Karuvalli Pathikkal, Arundhati Sarkar, Simon Cameron, Moorea, Jan Harvey Organizations: U.S, CPI, Treasury, Federal, Bloomberg News Locations: Europe, Canada, United States, Bengaluru
Stocks Wobble at Start to the Week
  + stars: | 2021-06-07 | by ( Caitlin Ostroff | ) www.wsj.com sentiment -1.00   time to read: +1 min
U.S. stocks opened near the flatline Monday, indicating that markets could be subdued after closing near record levels last week. The S&P 500 rose less than 0.1%. The index rose to its second-highest close in history Friday after the monthly employment report showed the labor market continued its slow recovery in May. The major indexes have been mostly muted in recent trading sessions, with investors assessing a range of factors including the economic outlook, supply-chains problems and high valuations for stocks. While inflation expectations have eased in recent days, investors remain on edge for signs that Federal Reserve officials may consider pulling back on easy money policies that have supported the rally in equities.
Persons: , Seema Shah, Janet Yellen, Biden’s Organizations: Nasdaq, Dow Jones, Federal Reserve, Global Advisors, Bloomberg News
Stock Futures Wobble at Start to the Week
  + stars: | 2021-06-07 | by ( Caitlin Ostroff | ) www.wsj.com sentiment -1.00   time to read: +1 min
U.S. stock futures paused Monday, indicating that markets could be subdued after closing near record levels last week. Futures tied to the S&P 500 were relatively flat. The index rose to its second-highest close in history Friday after the monthly employment report showed the labor market continued its slow recovery in May. Futures on the technology-heavy Nasdaq-100 wavered between gains and losses Monday. The major indexes have been mostly muted in recent trading sessions, with investors assessing a range of factors including the economic outlook, supply-chains problems and high valuations for stocks.
Persons: , Seema Shah, Janet Yellen, Biden’s Organizations: Futures, Nasdaq, Federal Reserve, Global Advisors, Bloomberg News
Stock Futures Edge Down to Start Week
  + stars: | 2021-06-07 | by ( Caitlin Ostroff | ) www.wsj.com sentiment -1.00   time to read: +1 min
U.S. stock futures edged down Monday, indicating that markets could open lower after closing near record levels last week. Futures tied to the S&P 500 ticked 0.2% lower. The index rose to its second-highest close in history Friday after the monthly employment report showed the labor market continued its slow recovery in May. Futures on the Nasdaq-100 fell almost 0.4% Monday, pointing to steeper declines in large technology stocks. While inflation expectations have eased in recent days, investors remain on edge for signs that Federal Reserve officials may consider pulling back on easy money policies that have supported the rally in equities.
Persons: , Seema Shah, Janet Yellen, Biden’s Organizations: Futures, Nasdaq, Federal Reserve, Global Advisors, Bloomberg News
Gold steady as dollar, bond yields retreat after U.S. jobs data
  + stars: | 2021-06-07 | by ( ) www.cnbc.com sentiment -1.00   time to read: +2 min
An Argor-Heraeus SA branded two hundred and fifty gram gold bar, center, sits in this arranged photograph at Solar Capital Gold Zrt. Gold prices held steady on Monday, helped by a pullback in the dollar and lower bond yields after a weaker-than-expected U.S. monthly jobs report calmed investor fears over tightening of monetary policy. U.S. gold futures edged 0.1% higher to $1,893.50 per ounce. The dollar index dropped from a three-week high against its rivals, making gold less expensive for holders of other currencies. Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.1% to 1,043.16 tonnes on Friday.
Persons: Jennifer Granholm, Janet Yellen, Joe Biden's, Silver Organizations: Heraeus SA, Solar, Reuters, Democrats, U.S . House, U.S . Energy, CNN, U.S, Treasury, Bloomberg News, Holdings, SPDR, Trust Locations: Budapest, Hungary, U.S, United States, China
A year after many companies announced their summer 2021 building reopening dates, organizations across the country are now bringing their employees back to the office — with mixed results. With pre-pandemic office life, losing time to a commute could be exhausting for some, while dealing with office politics could cause cynical detachment. Meanwhile, workplace distractions could lead others to feel like less productive, or valuable, members of the team. "For example, employees could take short breaks or a power nap during the day when they felt exhausted." However, "when employees return to the workplace, such agency is likely to be reduced, especially if supervisors are strict about work routines."
Persons: Yu Tse Heng, Heng Organizations: Morning, Bloomberg News, University of Washington's Foster School of Business
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