- Mark Zuckerberg Is Away From the Office “The company said in June it would give most of its employees the choice to seek permission to work outside the office. Meta says its goal is to be ‘the most forward-leaning company for remote work’ at its scale and believes it could have tens of thousands of people working remotely in the future.” (The Wall Street Journal)
- A Casino Atop Saks? Lobbyists Push for Manhattan Gambling Site “Casino interests argue that New York is losing out on tax revenue from New Yorkers gambling in neighboring states by waiting until 2023 to allow casinos downstate, as an amendment to the State Constitution passed in 2013 dictates.” (The New York Times)
- Sandeep Mathrani succeeds Marcelo Claure as WeWork chairman “WeWork also appointed Saurabh Jalan, a partner at SoftBank Group, to WeWork’s board, filling a seat that had been held by Claure. Jalan oversees SoftBank’s stakes in WeWork, T-Mobile US, and Deutsche Telekom AG, among other companies.” (The Real Deal)
- Walgreens turns to robots to fill prescriptions, as pharmacists take on more responsibilities “The pandemic has intensified the drugstore chain’s need to stay relevant as online pharmacies siphon off sales and more customers have items from toilet paper to toothpaste delivered to their doorstep. The global health crisis has also heightened demand for pharmacists, as hospitals and drugstores hired them to administer Covid vaccines and tests.” (CNBC)
- Gas Prices Cut Into Retail Foot Traffic “Overall visits to physical retailers dropped by 4.3% during the week of March 7, 2022, compared to the equivalent week in 2019, the company found. That is the steepest drop in weekly retail foot traffic over the past 12 months that can't be attributed to the coronavirus pandemic or holiday shopping patterns.” (Bisnow)
- International Tourists Flock Back to New York, With One Big Exception “Before the pandemic, China was the fastest-growing source of foreign visitors to the city, with more than 1.1 million Chinese tourists arriving in 2019. Their impact on New York’s economy was supersized because they tended to stay longer and spend more than other tourists.” (The New York Times)
- Home-Price Growth Accelerated in January “Some buyers rushed to make purchases in January, as mortgage rates started to increase, because they expected rates to continue to rise, according to real-estate agents.” (The Wall Street Journal)
- Logistics companies innovate hiring and workflow to cope with labor shortage “Companies are raising pay and adopting flexible work standards and technology such as artificial intelligence to cope with a labor shortfall.” (Atlanta Business Chronicle)
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