Bill Gates managed an appearance last week at Allen & Co.’s “summer camp for billionaires” in Sun Valley, Idaho — but he wasn’t exactly a barrel of fun. After flying into the tech-and-media conference late, the scandal-plagued Microsoft co-founder attended an exclusive dinner hosted by former Allen & Co. President Herb Allen, breaking bread with … Read more
Americans recently polled by the Federal Reserve Bank of New York said they see inflation rising to 4.8 percent over the next 12 months, a survey record. The Fed’s Consumer Expectations study, which samples a rotating panel of 1,300 households, showed that Americans in June predicted a median 12-month inflation rate of 4.8 percent, up … Read more
Popular short-video app TikTok told its employees on Monday that some will be offered the option to work remotely for up to two days a week after they return to office, according to an internal message seen by Reuters. TikTok will also give employees the choice to work remotely from a domestic location based on … Read more
Swatch Group returned to profit in the first six months of 2021 and its sales jumped more than 50 percent as demand recovered from the low point of the COVID-19 pandemic, the Swiss watchmaker said on Monday. The maker of Tissot, Longines and Omega watches and owner of jewel house Harry Winston said it made … Read more
Virgin Galactic has announced it will give away two free seats on one of the company’s commercial flights to the edge of space. Sir Richard Branson, the billionaire founder of Virgin Galactic, announced the giveaway after returning to Earth on Sunday from his own flight to space. “It’s an exciting, I think, opportunity for people around the … Read more