WHAT YOU NEED TO KNOW
- Uber became the latest tech company to tell employees it will roll out a hybrid return-to-work model this fall. The company is asking employees to be in the office 50% of the time and is also allowing the option for workers at its global office to apply to become fully remote. Other tech companies, like Facebook and Twitter, have also made permanent remote work a significant part of their reopening strategy.
- ‘They’ll demand it moving forward’: Bosses frown on remote work post-pandemic at their own peril – Digiday
- Nevada considers bringing back the “company town” for the tech industry – Marketplace
- ‘Tech, culture must improve as work-from-home adoption grows – Boston Business Journal
- “New: Uber is reversing course on a plan to require employees back in the office three days a week. The reversal comes less than three months after the initial policy was announced, and weeks after Google made a similar change. “ – @lIngerish
- The U.S. Supreme Court rejected a New Hampshire challenge to Massachusetts’ practice of taxing people who once worked in that state but started telecommuting from elsewhere during the pandemic. Had it gone forward, the case could have determined the fate of similar, permanent tax laws in various other states.
- Legal implications of remote work arrangements: perspectives from the U.S., UK, and France – JD Supra
- ‘It just doesn’t stop!’ Do we need a new law to ban out-of-hours emails? – The Guardian
- “Even though the Supreme Court turned down the case, the tax issues involved in dispute between Massachusetts taxing remote workers residing in New Hampshire aren’t going away.” – @TaxPolicyCenter
- U.S. consumer confidence soared in June as Americans became more upbeat about the economy and job market and economists predict consumer spending will continue to support economic growth in the short term . The White House remains confident that the recent price gains will fade, but central bankers remain divided over how to think about and respond to emerging risks.
- What exactly is the Consumer Confidence Index? Why does it matter? – MarketPlace
- A key indicator shows we are past peak inflation fear, supporting the stock market rally – CNBC
- “The S&P 500 and the Nasdaq both registered record closing highs, lifted by Apple and other technology stocks after an upbeat consumer confidence report “ – @Reuters
- Heat waves that rolled across the Pacific Northwest this week impacted the region’s economy as some restaurants closed to protect kitchen staff, public transit was disrupted and one utility company instituted rolling blackouts as surging electricity demands strained power grids. Power and gas prices climbed across the U.S. earlier in the week and natural gas futures rose.
- Leading In The Green Business Boon – Forbes
- U.S. natural gas producers hope customers will pay more for ‘green gas’ – Reuters
- CEOs say customers and employees will not accept return to status quo post-COVID – Fortune
- “A surge in private lending is needed this decade to boost #renewable #energy. The next 10 years will be “decisive” in fight against climate change” – @A_DiPaola17
- In more than two-thirds of U.S. cities, apartments under construction are larger on average than those built over the previous five years as more people look for additional space while spending more time working from home. Real estate executives suggest the trend will continue as the health crisis puts a new premium on space .
Turbine Labs has tracked 22,767 media articles and blogs and 20,086 social media posts over the last 24 hours.