My morning prepare WFH reads:
• The Rush to Return to the Workplace Is Stalling: Microsoft, Paramount and different firms are stepping up calls to get again to the office. A lot of their staff are nonetheless phoning it in. (Wall Avenue Journal)
• Beef Costs Are at a File. The Winners: Cattle Ranchers: After years of struggles, and shrinking the U.S. beef provide, cattle raisers are raking in money. (Wall Avenue Journal) see additionally Beef costs are the brand new egg costs. They’re hovering: Beef costs are hitting data, rising virtually 9% since January, based on the Division of Agriculture, and retailing for $9.26 a pound. June’s shopper value index confirmed steak and floor beef costs are up 12.4% and 10.3%, respectively, during the last 12 months. (CNN)
• What Is the Common 401(okay) Steadiness? It Varies by Age & Earnings: 401(okay) account balances and contribution charges differ drastically by age, and earnings with folks of their 60s racking up the most important stability on common. (Investopedia)
• Trump’s Commerce Secretary Loves Tariffs. His Former Funding Financial institution Is Taking Bets Towards Them: A subsidiary of Cantor Fitzgerald, which is run by the sons of US Commerce Secretary Howard Lutnick, is letting purchasers basically wager that President Donald Trump’s tariffs shall be struck down in courtroom. (Wired)
• Inside the massive increase in ‘enterprise improvement firms’. A method buyers can get publicity to loans has been by “Enterprise Improvement Corporations” — bizarre US authorized constructions arrange within the Eighties to encourage enterprise capital, however which now serve overwhelmingly as a portal into the personal credit score trade. Their belongings beneath administration have exploded over the previous few years and are attracting growing numbers of regulatory eyeballs. (Monetary Instances)
• China Highway Journey Exposes Listing of Uninvestable Property within the West. China’s advances in clear tech are attributed to its purpose of vitality independence, with the nation manufacturing a big portion of the world’s photo voltaic panels, wind generators, and batteries, and dominating the provision chain for vital minerals. (Bloomberg)
• Is the Jimmy Kimmel Saga a Signal that the Tide is Turning? Why we will not be Russia or Hungary (Paul Krugman) see additionally Jimmy Kimmel Rose to the Event. “As I used to be saying earlier than I used to be interrupted” Mr. Kimmel’s well-tempered monologue prioritized readability however not undue contrition. (New York Instances)
• Wars of deception are coming for America. It isn’t prepared. Pricey, outdated weapons are not any match for reasonable drones and high-tech misdirection. (Washington Submit)
• How the Supreme Courtroom May Finish This Bull Market: The largest danger for Wall Avenue as we speak isn’t a possible recession or a tech earnings bust. It’s the Supreme Courtroom, which has been requested to problem rulings with the attain to reshape the U.S. financial system, from rates of interest and budgets to laws and tariffs. That so many essential financial selections land in courtroom signifies the nation’s rising political dysfunction (Barron’s)
• The One Individual in F1 That Max Verstappen Truly Listens To: The one factor the System One world champion can hear over the roar of his 200 mph engine is the British accent in his ear. It belongs to Gianpiero Lambiase, and he’s the closest factor Verstappen has to a co-pilot. (Wall Avenue Journal)
Make sure to take a look at our Masters in Enterprise interview this weekend with Dmitry Balyasny, co-founder of Balyasny Asset Administration, and the agency’s managing accomplice and chief funding officer. BAM nmanages $28B for purchasers. Balyasny started his buying and selling profession with Schonfeld Securities in 1994; he simply obtained Institutional Investor’s 2025 Hedge Fund Lifetime Achievement Award.
The place you possibly can’t watch Jimmy Kimmel, mapped
Supply: Axios
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