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Globant, a software company with nearly 30,000 employees, is letting its workers stay fully remote. AdvertisementWhile many tech companies have enforced workers' return to the office, software company Globant is allowing its nearly 30,000 employees to remain fully remote. Related storiesOther companies haven't been so favorable on remote work and have enforced RTO mandates for at least part of the working week . AdvertisementWhile Dell told employees that if they went fully remote, they would not be considered for promotion. Those who enforce RTO mandates say that it boosts productivity and facilitates collaboration, improving the company's bottom line.
Persons: Bloomberg he's, , Martin Migoya, Migoya, haven't, Dell, Dan Schawbel, millennials Organizations: Bloomberg, Service, Apple, Meta, Google, Katz Graduate School of Business
Wine has a supply and demand problem: there's too much of it. Growers in Australia, California, and France are ripping up vines in response. Now, some farmers in Australia, California, and France are tearing up entire sections of vineyards. The San Francisco Chronicle reported some growers in California are destroying their vineyards, with some opting to grow other crops instead. Advertisement"People in this business took it for granted that there was always going to be growth," Jeff Bitter, president of Allied Grape Growers in California, told the outlet.
Persons: , Tony Townsend, Bloomberg he's, Townsend's, Andrew Calabria, Jeff Bitter Organizations: Growers, Service, Bloomberg, Reuters, San Francisco Chronicle Locations: Australia , California, France, South Australia, Australia, Calabria Wines, Europe, Bordeaux, California
Airbnb chief Brian Chesky said he'll "challenge any leader in tech to bench press." The vow follows Elon Musk and Mark Zuckerberg apparently agreeing to hold a cage fight. Brian Chesky told Bloomberg's Dave Lee he'd "challenge any leader in tech to bench press. The vow comes days after Musk escalated his rivalry with the Meta CEO by challenging him to a cage fight. The Airbnb chief weighed in on the billionaires' plans to cage fight and told Lee: "I've been waiting for these physical battles in tech.
Persons: Brian Chesky, Elon Musk, Mark Zuckerberg, Chesky, Bloomberg he's, Bloomberg's Dave Lee he'd, Musk, Zuckerberg, Lee, I've, Christ Licht, he'd, Licht, Jeff Zucker, Zucker, Airbnb didn't Organizations: Bloomberg, CNN Locations: Atlantic
Neal Berger's hedge fund returned 163% in 2022 betting on the end of the easy money era, according to a Bloomberg report. Berger said more pain is still to come for global markets and everything will continue to decline. "The reason why I started the fund was that central bank flows were going to change 180 degrees. Per the report, Eagle's View has about $700 million in assets under management, and roughly $200 million in the Contrarian Macro Fund. In particular, his Contrarian Macro Fund is mostly betting against Europen and American assets, though it also has hedges that will pay returns in upswings.
Banks promised to invest in Black communities after they were hit by the 2008-2009 financial crisis. The block stands as a glaring reminder of the broken promises made by some of Wall Street's biggest banks to support America's Black homeowners, a recent Bloomberg investigation shows. As of October 2021, according to the US Census Bureau, 45% of Black Americans owned homes, which is nearly 30 points below the rate of white Americans: 74.6%. On Walbrook Avenue, the absence of large lenders has left many locals without a lifeline. After the 2008-2009 financial crisis, several financial institutions made pledges to invest billions of dollars to support Black homeownership.
Mark Hamill told Bloomberg he's helped send 500 drones to Ukraine through the country's United24 initiative. The "Army of Drones" program is collecting drone donations to "constantly monitor the front line." Hamill urged "everyone to come together and help Ukraine stand up in this war with the evil empire," Deadline reported. Other ambassadors of the "Army of Drones" program include Barbra Streisand, Liev Schreiber, Imagine Dragons, and Balenciaga creative director Demna, Deadline reported. Representatives for the "Army of Drones" program and Hamill did not immediately respond to Insider's requests for comment.
British people are removing their beloved Aga stoves to combat surging energy costs. One worker told Bloomberg he's removed 35 of the vintage-style appliances this year. Some owners have found their Aga has become too expensive to run amid the energy crisis, per the report. Jack O'Dwyer, a worker tasked with removing stoves from kitchens, told Bloomberg he's thrown out 35 Agas since the beginning of 2022. Aga engineer Glenn Bing told Bloomberg he had removed the traditional stoves at a rate of one a week this year.
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