The U.S. economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, confirming that the sluggish performance early in the year was temporary. Gross domestic product increased at a 2.6 percent annual rate in the April-June period, which included a boost from trade, the Commerce Department said in its advance estimate on Friday. Growth for the first quarter was revised down to a 1.2 percent rate from the previously reported 1.4 percent pace.
WSJ: Samsung Profit Jumps to Record High for Quarter
Samsung bounced back from the Note 7 debacle. For the first time, it outperformed Apple for the quarter.
Working From Home? The Boss Wants You Back in the Office https://www.wsj.com/articles/the-boss-wants-you-back-in-the-office-1500975001
While working from home is nice, there are challenges with telecommuting. Ideally, a hybrid arrangement might work. The worker retains some level of flexibility with the need to remain productive. Manager can focus on team development and delegation on days in the office and hold the workers accountable to complete tasks during the days out. Might help alleviate some problems.
Less than a million invested will lead to a $35 million return. Interesting look at the brand power of LeBron James.
Amazon fully expands into the food business, acquiring the health food chain. Whole Foods will remain a separate unit. Interesting to see if helps expand Amazon Fresh’s footprint.
The struggles with Sears is well known, but many other retailers are feeling the pinch, competing in an ever changing industry.
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General Electric says Jeff Immelt is stepping down as CEO and John Flannery, president and CEO of the conglomerate’s health care unit, will take over the post in August. The 61-year-old Immelt will stay …
Interesting article on perks workers underutilize. While many would like to work from home, we probably prefer not to be on call 24 hours a day. Taking advantage of some perks may lead to unflattering office reputations. Achieving work life balance is difficult, determining tradeoffs that make work palatable and life worth living.
A good change for most employees. Many would be willing to work a little more today for a little more time off tomorrow.
Content highlighting ideas to promote real growth and unlock the potential of our workforce and private sector.
Economic prosperity should not be limited to a certain geography or favored industry. It should be available for all.