Wall Street CEO says junior bankers prefer 80-hour weeks to boredom
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Former Obama official Peter Orszag defends the industry's gruelling regimen after questions arise following the recent death of an overworked investment banker.
https://fortune.com/2024/09/17/wall-street-office-work-culture-80-hour-week-lazard-bank-ceo/
Nearly half of Gen Zers wish TikTok ‘was never invented,’ survey finds
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TikTok and X were the platforms most young people regretted having in their lives.
https://fortune.com/well/article/nearly-half-of-gen-zers-wish-social-media-never-invented/
Instagram unveils Teen Accounts with mandatory parental controls
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Meta has been criticized for how it handles teen safety.
https://fortune.com/2024/09/17/instagram-teen-accounts-parental-controls-mandatory/
‘Recession fears appear overblown’ as retail sales ticked up last month
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On the verge of a Federal Reserve decision of just how much to cut rates, Americans boosted their spending yet again.
https://fortune.com/2024/09/17/recession-fears-retail-sales-august/
Instagram makes teen accounts private as pressure mounts on the app to protect children
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Beginning Tuesday, anyone under 18 who signs up for Instagram will be placed into restrictive teen accounts.
https://fortune.com/well/2024/09/17/instagram-makes-teen-accounts-private-by-default/
Pret A Manger’s sales crossed the $1 billion mark as it continues to expand around the world
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The sandwich and coffee shop chain said £1 in every £4 spent at Pret is now outside the U.K.
https://fortune.com/europe/2024/09/17/pret-a-manger-sales-cross-1-billion-expansion/
Larry Ellison predicts rise of the modern surveillance state where ‘citizens will be on their best behavior’
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Ellison believes citizens and police alike will be under constant surveillance of each other.
https://fortune.com/2024/09/17/oracle-larry-ellison-surveillance-state-police-ai/
Epidemiologist-turned-entrepreneur Tim Spector fasts every morning, cycles to work and still uses his Peloton at 66
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ZOE's Tim Spector has meditated every day since he was 18 to focus and relax.
https://fortune.com/europe/2024/09/17/tim-spector-zoe-science-wellness-the-good-life/
Here’s what you should know about Apple’s new sleep and hearing health features
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The company unveiled “groundbreaking” technology including AirPods that function as “clinical grade” hearing aids and sleep apnea detection capabilities.
https://fortune.com/well/article/apple-sleep-hearing-aid-health-features/
A Kamala Harris win could supercharge the $90 trillion Great Wealth Transfer
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Many millennials and Gen Zers are cashing in on their inheritance much sooner than they anticipated.
https://fortune.com/2024/09/17/great-wealth-transfer-kamala-harris-donald-trump-estate-tax/
Kamala Harris and Donald Trump are betting on nostalgia to get your vote. Here’s why
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Research indicates that people often turn to nostalgia when facing psychological distress or feeling that something is missing from their lives.
https://fortune.com/2024/09/17/kamala-harris-donald-trump-nostalgia-vote-politics/
How flexible you are could determine how long you live. Here’s a test to see how you fare
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You can do these exercises at your desk.
https://fortune.com/well/2024/09/17/flexibility-aging-living-longer-exercise/
More major firms are dropping Human Rights Campaign’s LGBTQ+ rights report card amid anti-diversity backlash
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Ford, Harley Davidson and Lowe’s are among the companies that announced they would no longer participate in the Corporate Equality Index.
Amazon employees blast Andy Jassy’s RTO mandate: ‘I’d rather go back to school than work in an office again’
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Some Amazon employees have already changed their status on LinkedIn to #opentowork as they openly search for more flexible jobs.
https://fortune.com/2024/09/17/amazon-andy-jassy-rto-mandate-employees-angry/
The Fed and chair Powell are 24 hours away from making market-moving news. Here’s what to expect
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"The equity markets have remained resilient, particularly favoring value and dividend-paying stocks this quarter. This inclination may gain momentum as the Fed begins to implement rate cuts."
https://fortune.com/2024/09/17/fed-open-market-committee-meeting-wall-street-impact/
Intel causes Germany’s coalition government to rupture after shelving plans for €30 billion plant
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Germany's finance minister has urged his government to reallocate the €10 billion it had set aside for the Intel plant.
https://fortune.com/europe/2024/09/17/intel-germany-coalition-government-rupture-30-billion-plant/
Miss America and Miss World pageants accused of discrimination by candidate disqualified for being a mother
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Danielle Hazel, 25, filed with the New York City Human Rights Commission after she was disqualified from the pageants for having a six-year-old son.
Volkswagen, Germany’s largest private employer, could cut over 15,000 jobs with plant closures—and there’s no plan B, Jefferies says
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Jefferies analyst said that Volkswagen's unions "can only strike on pay, not plant closure or layoffs if the latter are not contractually protected.”
China controls 70% of the world’s critical rare earth minerals. Finding an alternative is proving tough—and expensive
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The U.S. and its allies are trying to find new sources of rare earth metals, used in phones and fighter jets, outside of China.
Massive Houston pipeline fire was caused by an SUV that struck a natural gas valve and was incinerated
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Deer Park officials said police and local FBI agents initiated investigations and found no preliminary reports that would suggest a coordinated or “terrorist” attack.