DIRS.INFO The most relevant business & tech news

☆ Asian shares hit 11-month lows; focus on US economic data
▼ + stars: | 2023-10-24 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.28% lower at 473.37, having touched 472.73 - the lowest since November 2022. China shares remained under pressure, with the Shanghai Composite Index (.SSEC) 0.32% higher, while Hong Kong's Hang Seng Index (.HSI) slid 0.5%. China's blue-chip CSI300 Index (.CSI300) was 0.2% higher after closing at its lowest level in 4-1/2 years on Monday. The dollar index was 0.038% lower at 105.56. The Japanese currency was last at 149.62 per dollar, having hit the symbolic 150 level on both Friday and Monday.

Persons: Tyrone Siu, Hong, Gary Dugan, bitcoin, Chris Weston, Jamie Freed Organizations: REUTERS, Rights, U.S . Federal Reserve, Nikkei, Shanghai, Dalma, Microsoft, Facebook, U.S . Commerce Department, Treasury, West Texas, Brent, Thomson Locations: Exchange, Hong Kong, China, Rights SINGAPORE, Asia, Israel, Pacific, Japan, Britain, France, United States

☆ A 'panic spike' is possible late October into November, says Bank of America's chart analyst
▼ + stars: | 2023-10-23 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A panic spike could send stocks higher heading into November, according to Bank of America. Notably, the S & P 500 closed below its 200-day moving average, suggesting a break in the uptrend, and drew near a key psychological support level at 4,200. Bank of America's Stephen Suttmeier said the CBOE 3-Month Volatility Index (VIX3M) and the CBOE Volatility Index (VIX) could flash an oversold reading below 1.0 as the S & P 500 nears its support levels, a possible capitulation signal indicating it's time for investors to buy. Regardless, Bank of America broadly anticipates the S & P 500 will close the year out at 4,600, according to the CNBC Market Strategist Survey . "In our view, this tactical panic likely coincides with a break below the 200-day MA at 4233 (SPX closed below it on 10/20) and the "FOMO rally / soft-landing" breakout point near 4200 on the SPX," Suttmeier added.

Persons: Stocks, of America's Stephen Suttmeier, Suttmeier, — CNBC's Michael Bloom Organizations: Bank of America, of America's, U.S ., Treasury, CNBC Market, Survey

☆ The average American's net worth is at an all-time high. Here's how it breaks down by generation.
▼ + stars: | 2023-10-19 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

This was more than double the next-largest increase in net worth since 1989, when the Fed began the survey. Median net worth — which measures household assets like houses and vehicles, minus debts like mortgages and student loans — surged to $192,000 when accounting for inflation. While this group, comprised of younger millennials and Gen Zers, has a much smaller net worth than any other age group, median net worth grew from $16,100 to $39,000 during the three-year period. So-called DINKs, or couples with "double income, no kids," also saw huge net worth increases, according to the Fed's survey. Americans in the 55 to 64 age group saw median net worth gains of 48%, while those between the ages of 65 and 74 had a 33% rise in median net worth.

Persons: —, millennials, Gen Zers, Mark Zandi, Zandi Organizations: Service, Federal Reserve's Survey, Consumer Finances, Fed, CNBC

☆ 53% of Gen Z see high cost of living as a barrier to financial success. They're 'buckling down,' expert says
▼ + stars: | 2023-10-16 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Gen Z faces unique financial challenges compared to older generations. watch nowHigh inflation — and affordability concerns among Gen Zers — extend beyond U.S. borders. Yet, they show less confidence when it comes to saving for retirement or investing in the stock market, the results found. Experts say these three tips can help members of Gen Z learn to manage their money wisely. Make saving a habitUte Grabowsky | Photothek | Getty ImagesMore than half of Gen Z, 56%, do not have enough emergency savings to cover three months' worth of expenses, Bank of America's survey found.

Persons: Martin, Gen Zers, Gen, Gen Z, Douglas Boneparth, Boneparth, It's, it's, Barkley, Young, Roth Organizations: College, Deloitte, Bank of, Bone, CNBC, Experts, Photothek, Getty Locations: U.S, New York

☆ I missed Beyoncé’s European tour, so I flew 4,600 miles to New Orleans to see her in concert — by myself
▼ + stars: | 2023-10-11 | by ( Lucy Handley | ) www.cnbc.com time to read: +10 min

Afterward, I listened to "Summer Renaissance," Beyoncé's reworking of one of my favorite songs, Donna Summer's 1977 disco hit "I Feel Love," on repeat. Beyoncé's daughter, Blue Ivy, dances, as her mother sings behind her on the London, U.K. leg of the Renaissance World Tour in May 2023. Virgin Hotels New Orleans, where I stayed, is only a half-mile from the Superdome stadium, and was well-prepared to host the many concertgoers who stayed there. Members of Beyoncé's Renaissance World Tour band perform at jazz club Snug Harbor in New Orleans, led by saxophonist Kat Rodriguez (second from right). Caesars Superdome stadium in New Orleans is illuminated by thousands of lights attached to audience members' wristbands during Beyoncé's Renaissance World Tour.

Persons: Beyoncé, Kevin Mazur, WireImage, Alexander McQueen, Roksanda, Roksanda Ilincic, Annie Macmanus, Donna Summer's, Blue Ivy, Beyoncé I've, I've, Redmond —, Honey Dijon, Laveau Contraire, Kat Rodriguez, Lucy Handley, Crystal Torres, Tayler Green, Danny Laurino, John Coletti, Hurricane Katrina, Willa Jean, diamante Organizations: Tottenham Hotspur, Tottenham Hotspur Stadium, Parkwood, London, Caesar's, British Airways, Southbank, Virgin Hotels, Preservation Hall, Bank, Getty, Garden, Uptown, Plantations, New, New Orleans police, Vue Orleans, Caesars Locations: London —, Instagram, London, U.K, British, Amsterdam, New Orleans , Louisiana, YOLO, New Orleans, Orleans, Virgin Hotels New Orleans, Bey, Preservation Hall , New Orleans, Snug, Faubourg Marigny, U.S, Mississippi, Louisiana, Beyoncé's

☆ Bidding wars over apartments are more ferocious than ever — and they're here to stay
▼ + stars: | 2023-10-11 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

Yet one of the enduring legacies of the COVID-era housing market may be the proliferation of bidding wars for rentals. Bidding wars have periodically reared their ugly heads during overheated stretches in New York City's housing market. And while things have cooled down since the mania of 2022, in places where available rental inventory remains low, the bidding wars just won't die. Still, it's hard not to worry that we've opened Pandora's box when it comes to bidding wars. Bidding wars may feel distasteful, embarrassing, and unfairly favor those with the means to drive up already exorbitant asking rents.

Persons: Phil, Rikki Mueller, That's, I've, David Harris, Coldwell Banker Warburg, Harris, didn't, Frances Katzen, Douglas Elliman, Jonathan Miller, Miller, Mueller, Stan Broekhoven, Broekhoven, we've, we'd, he'd, They'd, wasn't, —, James Rodriguez Organizations: New, Coldwell Banker, Austin, Google Locations: Manhattan's East, homebuying, New York, Chicago, Boston, Austin, Brooklyn, New York City, California, Los Angeles, South Florida, , New York, Salt Lake City, Las Vegas, Manhattan, David Harris , New York City

☆ I entered a bidding war to land an apartment. It was way more brutal than I expected.
▼ + stars: | 2023-10-11 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

☆ Many of us want to work alongside others — just not all the time. The coworking startup Radious thinks it has the answer.
▼ + stars: | 2023-10-11 | by ( Tim Paradis | ) www.businessinsider.com time to read: +4 min

Moreau is CEO and cofounder of Radious, a startup that lets you rent out your house as a coworking space . She thinks many people want to work alongside others — just not all of the time. Companies can rent Radious homes, too, to bring their workers together somewhere other than an office but that's still private. They're all doing some combination of remote work with occasional in-person togetherness," Moreau said. When they occur, people can sign up to work for a day from one of the homes Radious lists.

Persons: Radious, —, Amina Moreau, Moreau, Amina Moreau She, Radious's, We've, It's Organizations: Area, Service, Homeowners Locations: RTO, PJs, Portland , Oregon, Milwaukee, People, WFH, Bay, Marin County, Santa Cruz, Northern California

☆ I was banned from Facebook — and I'm glad. I felt FOMO at first, but then I realized my mental health improved.
▼ + stars: | 2023-10-08 | by ( Leah Borski | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisement"Your Facebook account has been suspended because your account, or activity on it, doesn't follow our Community Standards." Suddenly Facebook blocked me from my accountAn email from Facebook said I had 30 days to disagree with their decision. Being banned from Facebook helped me see that a platform built for scrolling isn't where I'm meant to be. In the end, it has made a positive impact on my business, relationships, and mental health.

Persons: —, Weeks, they'd, I'd Organizations: Facebook, Service

☆ These top 5 dividend stocks will consistently increase payments to investors, and are poised to rebound during a surprisingly strong 4th quarter, according to the CIO at a $250 billion hedge fund
▼ + stars: | 2023-10-06 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Consensus estimates for the third quarter were recently lowered with expectations for flat revenue growth and slightly positive earnings growth. The three stocks below are also growing revenues, earnings, cash flows, and dividends as they have fundamentally attractive businesses that are less cyclical. Motorola Solutions (MSI) is a video and telecommunications equipment, software, systems, and services provider with an annual yield of 1.28%. It has an annual yield of 1.38%. And Eaton Corporation (ETN), is a power management company with an annual yield of 1.68%.

Persons: Saira Malik, Malik, I'm Organizations: Investors, Treasury, Retail, Walmart, Motorola Solutions, Linde, Eaton Corporation

☆ Opinion: Paris’ bedbug bedlam
▼ + stars: | 2023-10-04 | by ( David A. Andelman | ) edition.cnn.com time to read: +7 min

He formerly was a foreign correspondent for The New York Times and Paris correspondent for CBS News. But conquering the city’s bedbug infestation, too, could prove to be an Olympian challenge. The deputy mayor of Paris has also asked Prime Minister Élisabeth Borne to take it on. A French government survey found that at least 11% of all French households reported having a bedbug infestation between 2017 and 2022. The tried-and-true solution to combating bedbugs is as old as Paris itself.

Persons: David A, CNN —, David Andelman, Élisabeth Borne, Borne, they’re, ”, Mathilde Panot, bedbugs, ” Panot, who’d, Anne Hidalgo, Emmanuel Gregoire, implore Borne, Gregoire, Hidalgo, they’ve, Charles de Gaulle, Jean, Michel Berenger, Dior, Mayra Peralta, “, Rue de Solferino, you’ve Organizations: CNN, French Legion of, The New York Times, CBS News, Maison, Legion, French Socialist Party, David Andelman CNN, Paris, bedbugs, Metro, Paris’s, French National, France Insoumise, Paralympic, EnVi Media, PUNAISES RUE DE, Rue de Locations: Paris, Paris’s, France, Seine, Le, “, Rue

☆ AI sensors and WiFi networks that provide workplace insights are antidotes for some companies combating 'zombie offices'
▼ + stars: | 2023-09-28 | by ( Sabina Wex | ) www.businessinsider.com time to read: +11 min

"Zombie offices" have proliferated in the US as employees opt for fully remote or hybrid work. But he had no idea that "hybrid work" would become ubiquitous nearly 10 years later and make InnerSpace a helpful tool for understanding new trends in shared workspaces. Zombie offices have popped up around the country because there aren't offices filled with people five days a week anymore. Zombie offices and the shift to hybrid work have pushed companies to figure out the next best move to maximize office space using real-time data, not guesswork. VergeSense's optical sensors are attached to the ceiling in a work space.

Persons: —, James Wu, Wu couldn't, Jessica Blaine Smith, Wu, Sharad Rastogi, isn't, Rastogi, it's, JLL, Zombie, that's, they've, VergeSense, They're, Jack Weber, Gresham Smith, Weber, Gresham Smith Weber, Ragosti, InnerSpace's Organizations: Service, Metropolitan Museum of Art, The Met, Work Dynamics Technology, San, Aldi, Rapid Transit, Boston Consulting Group, Companies Locations: JLL

☆ TikTok's strategy for US dominance is straight out of Amazon's playbook — but creators are the fuel for its flywheel
▼ + stars: | 2023-09-25 | by ( Jasmine Enberg | ) www.businessinsider.com time to read: +5 min

TikTok launched its e-commerce platform, TikTok Shop, on September 13, 2023. The social app's shopping business will be driven by FOMO and trends, fueled by its avid community of creators. After months of testing, TikTok this month launched TikTok Shop, an in-app commerce solution including shoppable short and live videos, checkout, TikTok Shop ads, fulfillment, and a marketplace accessible through a separate Shop tab. It has a roadmap and deep resources in parent company ByteDance, which can afford the $500 million loss TikTok Shop is expected to face this year. TikTok's commerce business will be driven by trends and FOMO, packaged up and delivered to users by creators.

Persons: TikTok, Jasmine Enberg Organizations: Intelligence, Google, Media, Meta, YouTube, Shop, Amazon Prime

☆ 'We've reached a new level of narcissism': Long-time bear David Rosenberg explains why a recession is still coming — and names 7 investments that can save investors from the pain
▼ + stars: | 2023-09-23 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Rosenberg continued: "But it's a false debate because the choice isn't between a soft landing and a recession. Consumers are the lifeblood of the US economy, and if they're forced to cut back on spending, Rosenberg thinks growth would quickly turn negative. Investors nervous about the economy should target stocks in four defensive parts of the market, Rosenberg said: consumer staples, healthcare, telecommunications, and utilities. "As growth is scarce, you want to own what's scarce, so you want to own growth stocks," Rosenberg said. "I'm probably much more bullish on growth than I am on value because value is very cyclical, and growth stocks tend to be valued on a longer-term earnings profile."

Persons: David Rosenberg, Rosenberg, we've, Rosenberg isn't, hasn't, nonfarm payrolls, that's, Uncle Sam, " Rosenberg, they're, couldn't, he's, he'd Organizations: Federal Reserve, Rosenberg Research, Technology, Fed Locations: YOLO

☆ Investors riddled with FOMO might be re-entering the US stock market
▼ + stars: | 2023-09-21 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Investors who missed out on this year’s unexpected rally seem to be dipping their toes back into the US stock market. That suggests that investors who watched equities steadily climb higher this year are starting to take their cash off the sidelines and put it into the stock market, some investors say. That’s caused some investors to come down with a classic case of fear-of-missing-out, says Saira Malik, chief investment officer at Nuveen. The data-dependent central bank held rates steady on Wednesday and signaled that it could hike rates once more this year. Still, bond yields rose to their highest level since 2007 this week, as investors bet that the central bank will keep rates higher for longer.

Persons: Saira Malik, Malik, I’ll, ”, Alex McGrath, Samantha Kelly, she’s, Sam, Read, Elon, Jennifer Korn Organizations: CNN Business, Bell, CNN — Investors, Global, Bank of America, Federal Reserve, Tech, Nvidia, Apple, Microsoft, Traders, Apple Watch, smartwatches

☆ Adults Are Panicked About Teens and Social Media. These Girls Have Advice.
▼ + stars: | 2023-09-20 | by ( Sharon Attia | ) www.nytimes.com time to read: +2 min

Niki Shiva, 17, from Hayward, Calif., said she sets her phone to “do not disturb for everyone except mom” to mitigate her anxiety. Several of the teens we spoke to said that, when possible, they remove accounts from their social media feeds that chip away at their self-esteem. Four of five teenagers in the United States said that what they see on social media makes them feel more connected to what’s going on in their friends’ lives, according to Pew Research Center. “Every time I open my phone, I don’t see perfect celebrities,” she said. “Sometimes I like to put alarms on to tell me when to stop being on my phone,” she said.

Persons: Niki Shiva, Niki, ”, Janine Edmunds, Kamryn, unfollowed influencers, I’ll, ’, Ella Moyer, “, Rosalina Pinkhasova Organizations: DMs, Pew Research Center Locations: Hayward , Calif, South Jamaica, Queens, “, New Orleans, United States, Scottsdale, Ariz, Fresh Meadows

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. SoftBank's Arm Holdings gained 6.5% after a stellar Nasdaq debut on Thursday, rekindling hopes of a turnaround in the initial public offering (IPO) market. U.S.-listed shares of Alibaba Group Holdings , JD.com , PDD Holdings (PDD.O) and Xpeng rose between 0.1% and 1.6%. ET, Dow e-minis were up 85 points, or 0.24%, S&P 500 e-minis were up 6 points, or 0.13%, and Nasdaq 100 e-minis were down 4.5 points, or 0.03%. Reporting by Ankika Biswas and Shristi Achar A in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Lam, Taiwan's TSMC, Stellantis, rekindling, Russ Mould, AJ Bell, Ankika Biswas, Shristi, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Ford, Motors, UAW, Dow, Nasdaq, Lam Research, KLA Corp, Reuters, Ford Motor, General Motors, United Auto Workers, Chrysler, SoftBank's Arm Holdings, Nvidia, there's, Therapeutics, Reuters Graphics Reuters, Traders, Federal Reserve, University of, Alibaba Group Holdings, PDD Holdings, Dow e, Thomson Locations: New York City, U.S, Bengaluru

☆ The most insidious part of online shopping is about to get even worse
▼ + stars: | 2023-09-14 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +16 min

Companies are just baking all those fees into the total price — making the hidden fees even more hidden. On the first page, you see the ticket price. I have never seen a good justification of what I'd call mandatory hidden fees. The Canadian government is also looking to pare down hidden fees. After all, Mahoney told me, "I have never seen a good justification of what I'd call mandatory hidden fees."

Persons: I'd, Neale Mahoney, Joe Biden's, Mahoney, Marcos Villaoslada, Sara Fisher Ellison, Ellison, Harold Hill, obfuscation, you've, Vicki Morwitz, Morwitz, — they've, StubHub, Laura Dooley, StubHub's, pare, Michael Negron, —, they're, Joe Biden, Alex Wong, Maggie Rogers, she'd, Audrey Fix Schaefer, Juliana Kaplan Organizations: Stanford University, White, Economic Council, Europa Press, Getty, MIT, Columbia Business School, YouGov, Ticketmaster, National Economic Council, NPR, Federal Trade Commission, I.M.P, Independent, Association Locations: New York, upsell, Europe, Washington ,

☆ SoftBank's Arm soars in market debut to notch $60 bln valuation
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

Arm executives and CEO Rene Haas gather outside Nasdaq Market site, as Softbank's Arm, chip design firm, holds an initial public offering (IPO), in New York, U.S., September 14, 2023. REUTERS/Brendan McDermid Acquire Licensing RightsSept 14 (Reuters) - Shares in SoftBank's Arm Holdings ARM.O opened 18% above their offer price in their Nasdaq debut on Thursday, valuing the British chip designer at nearly $60 billion in its return to the public markets after seven years. The stock opened at $56.10 per American Depositary Share compared with the initial public offering (IPO) price of $51, and steadily extended gains to just over $60. "The Arm IPO is the most hyped listing we've had in the markets for a while." Compiled by the Global Finance & Markets Breaking News teamOur Standards: The Thomson Reuters Trust Principles.

Persons: Rene Haas, Brendan McDermid, SALMAN MALIK, ANSON, ” OWEN LAU, JORDAN STUART, “, ” “, ’ ” DANIEL KLAUSNER, HOULIHAN, haven't, ”, ” KYLE RODDA, ANDREW Organizations: Nasdaq, REUTERS, Holdings ARM.O, OPPENHEIMER, FEDERATED HERMES, OF, PUBLIC, ROSENBLATT, Global Finance, Markets, Thomson Locations: New York, U.S, “

☆ Bitcoin price and Coinbase volumes are showing a rare decoupling, Mizuho says
▼ + stars: | 2023-09-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

It's becoming clear that investor apathy in this year's crypto market is starting to hurt Coinbase , according to Mizuho analysts. The crypto exchange's trading volume historically has been influenced by moves in the price of bitcoin . Mizuho maintains its underperform rating and $27 price target on Coinbase shares. Bitcoin trading volume across spot crypto exchanges is about in line with levels from Aug. 30, according to CryptoQuant. The price of bitcoin has remained stagnant in recent weeks despite having several positive developments in the same period on the regulatory and ETF fronts.

Persons: Coinbase, Mizuho, Dan Dolev, bitcoin, Dolev, — CNBC's Michael Bloom Organizations: Mizuho, U.S . Securities, Exchange

☆ These safe assets offer yields exceeding 5%. Why investors shouldn’t lean too heavily on them
▼ + stars: | 2023-09-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

The Fed's rate-hiking campaign gave investors an opportunity they haven't seen in years: Risk-free returns are finally interesting. Six-month Treasurys are yielding 5.5%, while a bevy of money market funds are offering 7-day yields exceeding 5%, according to Crane Data . However, at some point, rates will come down — and investors hiding in short-term, high-yielding assets could find themselves with no place to go. That means investors could be left with few places to go for attractive yields in a lower rate environment as their shorter-term assets mature — known as reinvestment risk. The benefit of laddering when rates are high is that the longer-dated bonds will have already locked in the higher yields.

Persons: There's, we've, Crystal Cox, Matthew McKay, McKay, Jerrod Pearce, Pearce, Wealthspire's Cox Organizations: Federal Reserve, Data, Wealthspire Advisors, Briaud Financial, CFP, Creative Planning

☆ What planning my digital afterlife at age 27 taught me about my millennial FOMO
▼ + stars: | 2023-09-11 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +6 min

But recently, X, formerly known as Twitter, was called out by grieving relatives for purging accounts belonging to their dead loved ones. But the normalization of memorialized accounts and grieving online have made the prospect of planning your digital afterlife far less absurd, he added. To be clear, MyWishes lets you create only a nonbinding plan for your digital accounts. It doesn't allow you to pass along information such as passwords or give your loved ones full control of your social media. AdvertisementAdvertisementStill, it's a useful starting point while planning your digital afterlife.

Persons: James Norris, MyWishes, —, Norris, Kai Xiang Teo, curating, Kai Xiang Teo Notably, you've, MyWishes isn't, Andy Ho, it's Organizations: Service, Apple, Meta, Google, Twitter, Nanyang Technological University Locations: Wall, Silicon

☆ 10 mistakes I made while selling my first startup and what I should've done instead
▼ + stars: | 2023-09-07 | by ( Andrew Gazdecki | ) www.businessinsider.com time to read: +13 min

I lost my first acquisition offer, got married, almost lost another offer, persuaded the buyer to stick with it, and finally sold my first business. With my experience as a guide, I hope you can avoid these common acquisition mistakes and secure a better outcome. The private equity firm that acquired my first startup, Bizness Apps, asked for dozens of spreadsheets during due diligence. AdvertisementAdvertisementA broker would market my startup and connect me with potential buyers in return for a cut of the purchase price. Even in the closing stages, I continued selling my business and fostering a relationship with my buyer.

Persons: Andrew Gazdecki, might've, I'd, we'd, Bizness, I'm, you'll, you've, doesn't, could've, Weeks Organizations: Service, Apple, Google, Facebook, Adobe Locations: Wall, Silicon

☆ Burning Man costs most people a minimum of $800 for just a ticket and a parking spot. All the other expenses can easily push the total cost into the thousands.
▼ + stars: | 2023-09-05 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +6 min

Burning Man may be "decommodified" but it's still pretty expensive to attend. AdvertisementAdvertisementTickets alone aren't cheapMost tickets sold directly from Burning Man cost $575 each this year, according to the event's website. Transportation and lodging can easily cost thousandsLots of Burning Man attendees opt for an RV — which can be costly to rent. Aly Weisman/Business InsiderOne website advertising yurts for Burning Man lists structures ranging in price from $3,000 to $11,500. A Burning Man attendee and their costume in front of dozens of bikes on the playa.

Persons: Here's, There's, they're, Matt Mills McKnight, you've, there's, Aly Weisman, It's, — Organizations: Service, Black, Entertainment, Transportation, Black Rock City, Burning, Rock City Locations: Transportation, Wall, Silicon, Reno, Black Rock City, Black Rock, yurts

☆ Where in the World Are People Back in the Office?
▼ + stars: | 2023-09-04 | by ( ) www.nytimes.com time to read: +2 min

In London, a politician wrote not-so-subtle notes to remote workers last year, hoping to persuade them to spend more time in the office: “Sorry you were out when I visited,” Jacob Rees-Mogg, then a government minister, recalled writing in messages left on the desks of Cabinet Office staff members who were working from home. When the coronavirus pandemic took hold in 2020, many industries across the world shifted to remote or hybrid work. It was an immense experiment that yielded different results for different cities — with long-term standoffs between executives and workers in some cases, and a sweeping return to the office in others. Whether a person is more likely to do work at a cubicle in a big office tower or on the living room couch now depends on where in the world those cubicles and couches are. Many Asian countries have lower levels of remote work than countries in Europe and North America.

Persons: ” Jacob Rees, Mogg, Jem Kim, videoconference, Autónomo, México Organizations: Sequoia, Stanford, Instituto, Ifo Institute Locations: London, Seoul, San Mateo, Calif, Europe, North America, Britain, Canada, United States

Search resuls for: "FOMO"

25 mentions found