Working From Home Becomes a Once-a-Week Perk for Some Office Goers
Companies like Chipotle and Disney are testing the limits of the three-day in-office week that’s emerged as the post-pandemic standard as ‘RTO creep’ sets in.
Bloomberg Business
US Consumer Year-Ahead Inflation Expectations Lowest Since 2021
US short-term inflation expectations fell in early June to a more than two-year low, helping drive consumer sentiment higher.
Elon Musk, Bernard Arnault Share Power Lunch in Paris
The world’s two richest individuals lunched together on Friday in Paris.
Ex-Barclays Trader Did Better on Insider Trades Than His Day Job
A former Barclays Plc foreign exchange trader testified that he lost his entire book in a single day, but that an insider tip from a buddy at Goldman Sachs Group Inc. provided a respite from his professional pain.
Billionaire Gilinski Signs Stock Deal for Colombia Foodmaker
Billionaire banker Jaime Gilinski signed a deal that will give him and Abu Dhabi’s royal family control of Colombia’s largest foodmaker, Grupo Nutresa, bringing to an end a drawn out takeover battle against the country’s most powerful business group.
Adobe Gains After Raising Forecasts on AI Features Roll-Out
Adobe Inc. shares gained after the company raised its full-year revenue and profit outlooks on optimism that generative AI features will spur demand for its software.
Intel, Micron Spending Spree Shows Diplomacy Bearing Fruit
Intel Corp. and Micron Technology Inc. are planning to spend billions of dollars on new chip plants outside of the US, highlighting a global race to diversify supplies of critical components amid tensions with China.
Amazon’s $1.7 Billion iRobot Deal Cleared by the UK
Amazon.com Inc.’s proposed $1.7 billion deal to buy robot vacuum firm iRobot Corp. was given the all-clear by the UK’s antitrust agency, sending shares in the Bedford, Massachusetts firm soaring.
Harvard Morgue Body Part Buyers Tied to Facebook Oddities Group
Members of an alleged conspiracy involving human body parts stolen from Harvard Medical School’s morgue and an Arkansas crematorium connected through a private Facebook group for buying and selling “oddities,” according to court filings.
Richard Branson’s Virgin Galactic Sets June Date for First Commercial Spaceflight
Virgin Galactic Holdings Inc.’s shares surged the most on record after the space-tourism venture founded by Richard Branson announced that its long-awaited first commercial passenger mission will take off as soon as June 27.
