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Gen Z workers are struggling with vacation guilt

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Vacation guilt has emerged as a significant hurdle for the youngest members of the workforce, as per the latest findings from LinkedIn’s Workforce Confidence Index.

The report, derived from a survey of 9,461 professionals in the U.S., sheds light on the challenges faced by Generation Z (Gen Z) workers when it comes to disconnecting from work during vacations.

According to the survey, a substantial 35% of Gen Z workers admit feeling guilty for not working while on vacation, surpassing the U.S. average across all age groups, which stands at 29%.

This phenomenon is attributed to Gen Z’s conscientious nature, driven by their desire to impress superiors, maintain good relationships with colleagues, and ensure their contributions are valued within the team.

George Anders, LinkedIn’s senior editor at large, explains that despite potential differences in workplace habits or preferences, Gen Z’s commitment to delivering quality work remains strong and on par with other generations.

No disconnection

This commitment often translates into the difficulty of fully disconnecting from work even during time off.

The research highlights that younger workers are also less likely to plan vacations where they can completely unplug. Approximately 58% of Gen Z employees anticipate taking a vacation with zero work-related engagement in the coming months, a percentage lower than their millennial, Gen X, and baby boomer counterparts.

This trend might stem from Gen Z’s propensity for multitasking, making the act of complete unplugging an adjustment.

Financial concerns play a role as well, with 31% of Gen Z workers citing economic factors as the reason for foregoing vacations this year.

This statistic slightly surpasses the rates among millennials and Gen X employees.

Ultimately, overcoming vacation guilt might involve letting go of ego and recognising the organisation’s resilience.

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Money

Traders bet on Bitcoin hitting $100k by end of year

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Surge in Bitcoin prices follows pro-crypto political victories, with traders betting on a $100,000 milestone by year-end.

Bitcoin’s value surged past $90,000 on Wednesday, marking a record high amid investor excitement surrounding a possible cryptocurrency renaissance as Donald Trump steps into his second term as U.S. president.

The election of Trump, who has openly endorsed crypto, has sparked a 30% rise in bitcoin’s price since Election Day, boosted by the success of dozens of congressional candidates supported by crypto-friendly political action committees.

Hitting $100,000

According to Jake Ostrovskis, an OTC trader at crypto market maker Wintermute, traders are betting that Bitcoin could hit $100,000 before the end of the year, with $850 million in options contracts speculating on this milestone by December 27.

The crypto industry, which contributed around $170 million to support candidates viewed as allies, is optimistic about a wave of deregulation and favorable policies.

Trump has promised to establish a national bitcoin reserve and aims to replace SEC Chair Gary Gensler, who has led a strict regulatory approach to crypto.

With aggregate open interest on Bitcoin derivatives soaring to $61 billion, investors are increasingly bullish, betting on bitcoin’s growth via options and perpetual futures contracts.

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Money

Consumer prices rise as Fed weighs December rate cut

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Consumer prices ticked up in October, marking a slight rise after September’s 3½-year low, showing an uneven path for inflation.

Despite the bump, the increase likely won’t deter the Federal Reserve from a possible December interest-rate cut.

The Labor Department reported consumer prices were up 2.6% from a year ago, with core inflation, excluding food and energy, up 3.3%.

Steady consumer spending and hiring may fuel debate on slowing rate cuts early next year.

Investors welcomed the report, betting on a quarter-point rate cut in December.

This response reflects confidence that President-Elect Trump and the Fed will avoid early policy clashes, despite Trump’s pro-lower-rate stance.

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Money

Wall Street rallies as oil prices dip and bitcoin hits new high

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Wall Street started the week on a high note, extending last week’s rally as oil prices fell and bitcoin surged to a new record.

The Dow Jones jumped 1%, reaching over 44,000, with Tesla and big banks leading gains.

Crypto stocks soared as bitcoin hit an all-time high above $82,300, driven by optimism about lighter regulation.

Investors are also focused on upcoming inflation data, which could provide more clues about interest rates.

The dollar remained near a recent peak as Federal Reserve speakers, including Chair Jerome Powell, are set to weigh in later this week.

European markets followed suit, with the pan-European STOXX 600 rising over 1% on Monday.

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