What we’re reading (12/11)
“Investors Grow More Confident Fed Will Pull Off A Soft Landing” (Wall Street Journal). “Mutual funds and hedge funds managing roughly $4.8 trillion in assets have been putting money into stocks that stand to benefit from inflation cooling, interest rates going down and the U.S. economy avoiding a recession, according to an analysis by Goldman Sachs Group Inc.”
“Third Point Struggles In November” (Institutional Investor). “Third Point suffered another monthly loss—and this time, the multistrategy fund can blame its private investment strategy. According to the firm’s monthly report, which was seen by Institutional Investor, Dan Loeb’s Third Point Offshore lost 0.5 percent in November[.]”
“I Cried Every Day Working In An Amazon Warehouse In The Run-Up To Christmas. It’s Physically And Mentally Exhausting.” (Insider). “I had sore muscles, aches and pains. A ten-hour shift is like being in the gym for ten hours because bins and pods are huge, which means you're going up and down a step ladder to reach the top. I was exhausted. I had no life outside of work and was constantly physically and mentally exhausted. I felt depressed. I didn't want to see anyone, including my husband and son.”
“Why Is Howard Schultz Taking This So Personally?” (New York Times). “friends and longtime colleagues say Mr. Schultz’s opposition to the union isn’t primarily about the bottom line. It’s emotional. A union clashes with his image of Starbucks as a model employer. “It’s a sore for him, I guarantee you,” said Willard Hay, a former senior vice president at the company. (Mr. Schultz declined to comment for this article.)”
“Meta Staff Are Hitting Out At Mark Zuckerberg In Blind Reviews Because They Think His Metaverse Obsession Will ‘Single-Handedly Kill’ The Company” (Insider). “‘The Metaverse will be our slow death,’ one user, who called themselves a senior software developer, posted on Wednesday. They added: ‘Mark Zuckerberg will single-handedly kill a company with the meta-verse.’”
