Vested Suggested Weekly News Roundup
Return to Office Conversation Continues: The Week of September 23rd
What Amazon’s strict return to office policy says about remote work: Amazon’s hard-core move to push employees back into the office five days a week is a signal that â in the tech sector at least â employers have regained some leverage over workers. The labor market has weakened. The rank-and-file mostly don’t want to be in the office for a full work week â but in a looser labor market, their opinions matter less.
Lazard CEO says young bankers want important work if the trade-off is longer hours:Â Young investment bankers starting off in the industry accept that to advance quickly in their career they need to work hard and make trade-offs, according to the CEO of Wall Street bank Lazard. Speaking on The David Rubenstein Show on Bloomberg, Lazard boss Peter Orszag was asked why junior bankers work 80-hour weeks. He replied that people are often willing to do work they feel gave them greater meaning and a sense of purpose.
Harris vows to aid AI, crypto sectors in pitch to NYC donors:Â Vice President Kamala Harris vowed to help grow investment in artificial intelligence and crypto if elected, pitching her economic agenda to donors in New York City on Sunday as one that would bolster innovation and focus regulations on protecting consumers and investors.
Trumponomics: The radical plan that would reshape America’s economy:Â At a campaign rally in Tucson, Arizona, earlier this month, Donald Trump offered the audience some of his usual campaign bravado. He claimed to have enjoyed a âmonumentalâ win over Kamala Harris in their presidential debate two days earlier and doubled down on his controversial false claims that Haitian immigrants are stealing and eating pets. But a significant part of the former presidentâs speech focused on the economy, vowing to end the âmayhem and miseryâ Americans were experiencing under the administration of President Joe Biden.
Here’s what happens to markets when interest rates fall: The Federal Reserveâs big interest-rate cut last week is rippling through markets. With additional cuts expected in the months ahead, investors are looking to history to gauge whatâs next. First, the good news: Since the 1980s, investments such as stocks and corporate bonds have tended to perform well in the 12 months after the Fed begins to cut rates. That all depends, however, on how the economy fares.
We hope you have a productive week! Check out more insights from the Vested team here.
