While many are enjoying the perks of working from home, Apple employees are angry about a memo from the CEO asking them to return to work.
While office workers around the world haver been getting by the last year on Zoom meetings from the lounge room, the tech giant is trying to get employees back to Apple park on set days.
Apple workers would still be able to work from home on Wednesdays and Fridays though.
Apple Park is a massive new complex housing thousands of employees
But many are unhappy with the announcement, responding in an internal letter that they would like more flexibility.
They want those who like working remote to be allowed to do so.
Benefits of Working From Home
When COVID-19 forced companies all over the world to send their employees home to work virtually, remote work had a big moment.
Yes, the rush to give employees access to all the tools they’d need to work from home was a bit, well, sudden for many employers.
10 Benefits of Working From Home
As we’ve long known, remote work has a host of advantages for workers.
Some you may already be aware of, and some that may open your eyes even more to remote work’s impact on employers, employees, the economy, and the planet.
1. Better Work-Life Balance
Many remote jobs also come with flexible schedules, which means that workers can start and end their day as they choose.
It’s all about achieving outcomes.
This control over your work schedule can be invaluable when it comes to attending to the needs of your personal life.
2. Less Commute Stress
The average one-way commuting time in the U.S. is 27.1 minutes.
According to the Auto Insurance Center, commuters spend about 100 hours commuting and 41 hours stuck in traffic each year.
Some “extreme” commutersface much longer commute times of 90 minutes or more each way.
Higher cholesterol
Elevated blood sugar
Increased risk of depression
3. Location Independence
One of the considerable benefits of working from home is having access to a broader range of job opportunities that aren’t limited by geographic location.
This can be especially helpful for job seekers living in rural communities and small towns where there may not be many available local positions.
4. Improved Inclusivity
Remote work enables companies to embrace diversity and inclusion by hiring people from different socioeconomic, geographic, and cultural backgrounds and with different perspectives.
That can be challenging to accomplish when recruiting is restricted to a specific locale that not everyone wants, or can afford, to live near.
5. Money Savings
People who work from home half time can save around $4,000 per year.
Fuel, car maintenance, transportation, parking fees, a professional wardrobe, lunches bought out, and more can all be reduced or eliminated from your spending entirely.
These savings add up and put more money back into your pocket.
Overhead
Real estate costs
Transit subsidies
Continuity of operations
6. Positive Environmental Impact
The 3.9 million employees who worked from home at least half time before the pandemic reduced greenhouse gas emissions by the equivalent of taking more than 600,000 cars off the road for an entire year.
A whopping 7.8 billion vehicle miles aren’t traveled each year for those who work at least part-time from home, 3 million tons of greenhouse gases (GHG) are avoided, and oil savings reach $980 million.
7. Impact on Sustainability
Remote work supports a variety of sustainability initiatives, from economic growth and reduced inequalities, to sustainable cities, climate change, and responsible consumption.
8. A Customizable Office
Being able to create a comfortable home office is an excellent benefit of remote work.
Whether you simply want a more ergonomic chair or you have health issues that require specialised office equipment, you can set up your home office and make it whatever you want.
9. Increased Productivity and Performance
Working from home usually leads to fewer interruptions, less office politics, a quieter noise level, and less (or more efficient) meetings.
Add in the lack of a commute, and remote workers typically have more time and fewer distractions, which leads to increased productivity.
10. A Happier, Healthier Work Life
Remote, flexible workers tend to be happier and more loyal employees, in part because working from home has been shown to lower stress
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.
Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.
All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.
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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.
Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.
Tech Sector
Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.
Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.
But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.
Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.
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