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On January 12, Trump denied involvement in the Justice Departments subpoena of the Federal Reserve. Speaking about Fed Chairman Powell, he said, "I have no idea about it, but hes clearly not doing well at the Fed, and hes not good at managing construction projects." Trump stated that the Justice Department subpoena was unrelated to interest rates: "No, I would never even consider putting pressure on him that way. What should really be putting pressure on him is the fact that interest rates are too high; thats the only pressure hes under." He added, "Hes hurt a lot of people, and I think the public is putting pressure on him."Hong Kong-listed application software stocks continued their upward trend, with Weimob Group (02013.HK) rising nearly 17%, China Youzan (08083.HK) rising over 10%, and Kingdee International (00268.HK) and Inspur Digital Enterprise (00596.HK) following suit.On January 12th, the National Development and Reform Commission (NDRC) and three other departments jointly released the "Working Measures on Strengthening the Planning and Investment Direction Guidance of Government Investment Funds." An official from the NDRC stated that this is the first time that the layout and investment direction of government investment funds have been systematically regulated at the national level. Regarding optimizing fund layout, the measures require funds to support major strategies, key areas, and weak links where the market cannot effectively allocate resources, promote the deep integration of technological and industrial innovation, focus on cultivating emerging pillar industries, and adhere to the principles of early investment, small-scale investment, long-term investment, and investment in hard technologies. The NDRC official also stated that in recent years, some government investment funds have encountered problems in their establishment and operation, such as mismatch with local resource endowments and industrial foundations, unclear fund positioning, and homogeneous investment directions. In response to these situations, the "Working Measures" clearly define the functional positioning and investment priorities of national-level funds and local funds.According to Futures News on January 12, as of 09:30 Beijing time, WTI crude oil futures fell 0.05%, while US natural gas futures rose 2.08%.U.S. Republican Senator Tillis: If there were any doubts before that advisors within the Trump administration were actively pushing to end the independence of the Federal Reserve, there should be no doubt now.

Three Times Every Week, Starbucks Support Staff Will Work Remotely

Aria Thomas

Jan 12, 2023 11:16

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Starbucks Corp (NASDAQ:SBUX) stated on Wednesday that its U.S. support center employees are now required to be in the office at least three days per week, up from one day per week previously.


Due to the epidemic, the coffee chain has joined the ranks of other U.S. companies that are restricting work-from-home and hybrid work arrangements.


Starting on January 30, Starbucks employees within commuting distance would be required to report to work on Tuesdays, Wednesdays, and a third day of the week mutually chosen by the immediate leader and team. The corporation informed employees that they were free to work remotely for the remaining two days.


80% of the time towards the end of February, Snap Inc (NYSE:SNAP) employees will be in the office. Elon Musk notified Twitter employees that remote work would no longer be authorized, and Uber (NYSE:UBER) has mandated that employees work in the office twice each week.


Starbucks announced that the three-day-per-week attendance requirement was essential for all support personnel after some failed to meet the prior "minimum guarantee" of one day per week.


Regional support partners within commuting distance of a regional office are subject to the new policy. According to the world's largest coffee chain, all regional partners would be in the office on the third day of the week.


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