The average American is now working about 30 minutes less a week than they did before the pandemic (Read More) - That’s enough time to make an extra snack that you can eat at your desk. Only 48% of Americans actually take all their allotted vacation days - 49% worry they might fall behind, and 43% feel bad for the work they’ll put on their coworkers, the others were OOO during the survey:) (Read More).? Younger workers today are participating in their workplace retirement plans at higher rates than they were 15 years ago (Read More). 58% of men and 61% of women said they didn’t ask for more money when they were last hired (Read More).
Consumer
- For the first time in the US, more Millenials own their own place (51.5%) than rent (Read More). Between July 2021 and June 2022, boomers purchased 39% of all homes sold. 51% of those aged 68-76 were able to make all-cash offers thanks to equity they had in their previous property (Read More).
- Car payments are $1,000 now for a lot of consumers, with higher vehicle prices and rising car loan rates (Read More).?
- Most grocery shoppers are on YouTube, at 11 a.m., ordering cheese (Read More). In 2022, members of Gen Z bought 20% less milk than the average American — instead they’re drinking more water, electrolyte drinks and specialty coffees (Read More). Cow propaganda appears to be working.
Market
- The FDIC is taking a closer look at property appraisal bias, including home valuation practices in its fair lending review (Read More).
- This week the EPA is set to unveil toughest limits to date on auto emissions (Read More) and The White House will allocate hundreds of millions to turn coal communities into clean energy hubs (Read More). Whether those coal communities like it or not!
- Lawmakers introduced the WINS Act to address inequality in women's sports, establishing a commission to study equality in NCAA tournaments for which there are men's and women's divisions (Read More).
- North Carolina state senators introduced a bill that would ban participation trophies for kids’ sports (Read More).
- Tools built on generative AI have the scope to drive a 7% (or almost $7 trillion) increase in global GDP and lift productivity growth by 1.5 percentage points over a 10-year period, according to Goldman Sachs Research (Read More).
- Goldman Sachs is investing $2 billion in Black women-owned businesses (Read More).
- Google banned personal loan apps on Android from accessing sensitive data like photos and contacts (Read More).?
- 7-Eleven, Circle K are ramping up bitcoin ATMs, in partnership with Coinhub, to convenience stores around the country (Read More). Finally you can get a Arizona Iced Tea, jerky, scratcher ticket? and digital currency all in one place!?
- US job openings fell below 10m for the first time since 2021 (Read More).
- Google announced cost-saving measures across the company as it cuts staff perks (Read More).
- The gap between the unemployment rate for Black and white Americans narrowed last month to record low (Read More).
- McDonald’s closed corporate offices to remotely lay off a slice of its 45,000 US & international staff (Read More).
- Walmart is laying off 2,000 warehouse workers throughout Texas, Florida, New Jersey, and Pennsylvania (Read More).
- Apple is cutting jobs in some Corporate Retail teams (Read More).
General Motors said that about 5,000 workers will take buyouts (Read More).
- Google is working on multiple AI search tools, including an AI chatbot tailored to Google Search (Read More).
- Expedia is rolling out a new ChatGPT feature in its app to be your travel adviser (Read More).
- Stanford shared a breakdown of the State of AI and where those tech-related jobs are (Read More).
- Metaphysic CEO Tom Graham submitted his AI likeness for copyright registration, hoping to create a precedent for celebrities & others to protect their identities from deepfakes (Read More). “You’re too late,” said the deepfake Tom Cruise guy from TikTok.
- Dolce & Gabbana is planning to enter the real estate sector (Read More). Continuing the fashion houses’ tradition of selling things you can’t afford.
- Walmart is planning to automate 65% of its stores by 2026 (Read More) and plans to install new electric vehicle (EV) fast-charging stations at thousands of Walmart and Sam’s Club locations across the country (Read More).
- L’Oréal is purchasing the luxury skincare brand Aesop in a $2.5 billion deal, their largest-ever brand acquisition (Read More).
- Apple patented a new AirPods display case with interactive display (Read More).?
- Sweetgreen is renaming its menu item after Chipotle sued for trademark infringement (Read More).
- Just in time for summer vacation! American, Delta, and United have collectively dropped 74 US airports since 2020 - which could lead to delays & shortages (Read More).?
- James Bond producer EON Productions and luxury travel company Black Tomato are partnering to offer the ultimate experience for the 007 diehard with a starting price of $18,500 per person (Read More).?
- Five separate investment groups are in talks to acquire current teams or commit to building expansion franchises for Premier Hockey Federation, the women’s hockey league (Read More). Billionaires have sports franchise fever right now.
- Saudi Arabia’s Public Investment Fund will funnel $38 billion into its e-sports subsidiary Savvy Gaming Group to turn the company into a studio that develops and publishes video games (Read More).?
- The NBA and NBPA announced a new seven-year collective bargaining agreement which reportedly will allow players to invest in either NBA or WNBA teams through a private equity firm (Read More). Players will still choose to sit out games.
- Lucasfilm announced three new Star Wars movies as part of the Star Wars Celebration festival (Read More).?
- YouTube is going to livestream & offer exclusive experiences from all six Coachella stages (Read More).
Could Taylor Swift or Beyoncé put on the first-ever tour to gross a billion dollars? (Read More) Wonder if they’ve already passed a billion dollars in Ticketmaster fees.
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