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Facebook delays office return for US employees

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Facebook employees won’t be returning to the office anytime soon

The social media giant is delaying the move to have all United Status employees return to the office until January, as the delta variant sweeps through the US.

The company has pushed back its plans to bring US employees back to the office due to concerns about rising COVID cases due to the delta variant.

The company had earlier announced plans to reopen US offices at 50 percent capacity by September. But that timeline has now been pushed back to January as cases have risen.

“Data, not dates, is what drives our approach for returning to the office,”

Facebook has now implemented strict vaccination and mask requirements for employees that are in the office, as the tech giant does all that it can to be a COVID-safe workplace.

Facebook made headlines in early 2020 for being one of the first workplaces  to close its offices

Whenever it does re-open, it’s likely that work will look and feel much different to many employees.

The company has said it will embrace remote work going forward, with Mark Zuckerberg saying that as much as 50 percent of the company’s workforce could remote in the next 5-10 years.

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ASX positioned for strong start after positive stock rebound

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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Treasury Secretary believes the U.S. are on track for a “safe landing”

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Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending

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