Tuesday morning news drop
The Holiday Shopping Season Is Here, but Is It Back? Shoppers are returning to stores in much bigger numbers than last year, but the atmosphere is not quite as carefree as the prepandemic days of 2019. (New York Times)
When MultiLevel Marketing Met Gen Z Amelia Whelan used social media as an accelerant for her sales community. Then things blew up. (Atlantic)
What is 'The Great Resignation'? An expert explains The Great Resignation is a phenomenon that describes record numbers of people leaving their jobs after the COVID-19 pandemic ends. Companies now have to navigate the ripple effects of the pandemic and re-evaluate how to retain talent. Dr. Isabell Welpe explains what we can learn from this recent trend in the workforce. (World Economic Forum)
Workers Quit Jobs in Droves to Become Their Own Bosses Seeking flexibility or escape from corporate bureaucracy, employees discover their inner entrepreneur (Wall Street Journal)
Wall Street Grudgingly Allows Remote Work as Bankers Dig In Finance employees who couldn’t imagine working from home before the pandemic are now reluctant to return to the office. Their bosses can’t figure out how to bring them back. (New York Times)
Condo owners face growing insurance bills for damage to common areas Many condo buildings are raising their deductibles, which helps lower the annual cost of insurance, but the cost of a higher deductible is then passed to condo owners when a building submits a claim for damages. (Globe and Mail)
Getting Inflation Right Is a Make-or-Break Moment on Wall Street For a generation of investing pros, stable prices were a fact of life. What do you do when the old assumptions stop making sense? (Businessweek)
The Shocking Truth About Today’s P/E Ratios: P/Es don’t fit the narrative of a wildly overpriced stock market. (Fisher Investments)
Is Crypto Bullshit? I regret to inform you that it’s totally legit and crypto/blockchain networks really might be technologically, economically, and politically transformative. Ugh. (Model Citizen)
CEO: I am all in on Defi We started as a financial media company, transitioned to ETFs when I saw how transformative they were for the investing process. I believe DeFi is going to meaningfully transform the economics of financial services. (WisdomTree)
The Teenagers Getting Six Figures to Leave Their High Schools for Basketball The new pro league Overtime Elite is luring young phenoms with hefty salaries, viral success and — perhaps — a better path to the N.B.A. (New York Times)
Stephen Curry is better than ever, and the Warriors’ traveling circus is back Stephen Curry and the Golden State Warriors are the NBA's biggest attraction through the first quarter of the season. In recent weeks, Curry, the beloved ringmaster of a traveling circus that reached five straight NBA Finals from 2015 to 2019, has drawn “MVP” chants from Brooklyn to Los Angeles. After leaving the Clippers in the dust with a signature fourth-quarter flurry Sunday, he exited the Staples Center court to a standing ovation and was greeted by hundreds of fans begging for sneakers, grasping for hugs, shouting his name and angling their cellphone cameras in his direction. Many had arrived before noon to ogle his extensive pregame routine. The Warriors, owners of the NBA’s best record and top point differential through the first quarter of the season, are once again feeling the crushing effects of their popularity. (Washington Post)
Reese Witherspoon Isn’t Afraid to Say She’s the Best: With her recent nine-figure money moves and a full slate of upcoming projects, the Morning Show star is like the Lebron James of Hollywood — and she’ll be the first to tell you. (InStyle)