Welcome to our Sunday edition, where we bring together some of our best stories and take you to our editorial room. If you dreamed of making a life change, a former consultant explained to us why she had left her six -digit jobs to hike for five months.
On the agenda today:
But first: It is a gold rush.
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Dispatch this week
Srinophan69 / Getty images
Go for gold
It was a ugly year for the markets. The shares are decreasing. The bond market is swaying wildly. The dollar is close to a multi -year hollow.
A great aberrant value: gold.
Precious metal has increased this year, reaching record summits on several occasions and Make more than $ 3,500 ONCE Last week for the first time. Investors often turn into gold as a place to hide when uncertainty rises. With prices, commercial wars, concerns of recession and inflation problems in mind, there was no shortage of uncertainty this year.
This means that gold is more sparkling than ever, more solidifying its value as a ultimate safety haven for investors. Even the billionaire investor and the known gold bull John Paulson doubles.
The Gold rally has large-scale implications beyond markets and billionaires. It also affects everyday people.
I sat with the journalist of BI Dominick Reuter, who chronically told the impact of the real world of the last wave of Gold.
Dom, gold bugs have a moment because the price rises to dizzying heights. What are the gold lovers who tell you about the metal'S Big Rally this year?
The accumulation of gold prices has been going on for some time now, largely because of the value of the metal as a cover against inflation and as a financial refuge in uncertain times. Passionate collectors generally be wary of large institutions such as governments and banks, and see gold as a means of maintaining control of their wealth.
People can now buy golden bars from Costco. A buyer told you that he considered Costco as “the gateway medication to gold investment”. Why did Costco become such a home for gold buyers?
People like to buy Costco gold for the same reason that they buy other things: high confidence and low kisscaliers. Members Really Trust Costco, and its gold prices are often at a few percentage points of the cash price.
Some collectors have even found hacks which maximize the rewards and the credit card points of the company to earn money in the transaction. The main challenges are the availability of supply and shipping times. However, if you have the money, it could be worth it.
Gold has increased while many other financial markets have dropped this year. These movements have real implications. How is the gold rally in daily life?
Part of why gold is booming is because Other markets fall. Yes, gold increases in value, but the dollar also slides, which is why we see breathtaking figures. The larger changes are motivated by central banks that pass their gold coins reserves.
Of course, gold is also used to make real things that people buy. A jewelry manufacturer told me that the acceleration of gold prices (associated with new prices on precious stones) will probably soon make engagement rings about 10% more expensive.
Prepare for the recruitment of the Private Equity Whirlwind
Getty Images; Tyler le / bi
You have just graduated, you have an investment bank job aligned and take advantage of your last weeks of freedom before your start date. But then, you receive an email from a recruiter of investment: recruitment in the cycle has started-for a job that will not start for two years.
Few EP talents come from this early recruitment process, but it can still be worth participating. Bi has been maintained with recruiters to understand how the process works.
Are you ready for that?
Eat the northern McDonald's in the world
I visited the most northern McDonald's in the world. Noah Sheidlower
Tromsø, in Norway, can be known for its reindeer burgers and his wapiti salamis, but his McDonald's also obtained a tourist fanfare.
Noah Sheidlower of Bi stopped, but found that most of the menu and the decor were not very different from any other McDonald's restaurant. However, this can be a good thing, given the trek.
An McFlurry stood out.
A recession for dinner
Getty Images; Chelsea Jia Feng / Bi
Do you want pizza lately? Not a slice of the corner pizzeria, and not what you get in a seated restaurant – but the genre you take in the alley of the grocery freezer?
If so, you are not alone. When the economy is down, sales of frozen pizza increases because people replace out to eat with comforting foods. This is the essential of the Pepperoni price index.
A delicious sign of economic decline.
Microsoft becomes harder on the low interpreters
CEO of Microsoft Satya Nadella Images Stephen Brashear / Getty
The Giant of Technology Institute of new policies aimed at eliminating the low interpreters in a broader context and on the scale of the industry towards more difficult management.
BI has consulted an internal email from the director of people of Microsoft, who shows that new policies include a two-year rehiring prohibition on low performance and a new exit option for them.
Read the full email.
Read also:
Quote this week:
“What we are witnessing today is not normal, and it should not be standardized.”
– The president of the New York City Bar Association, Muhammad U. Faridi, told 350 lawyers during his program “Defending Justice”.
More than this week is read as follows:
- “Project Greenland”: how Amazon overcome a CPU Crunch.
- Technology turns its back on Gen Z.
- How Tesla quietly returns the cybertruck.
- Less money and less security – why make a partner at Ey, Deloitte, PwC and KPMG is not what it was.
- Tested on dating applications? This startup founder says AI can help.
- The new Instagram feature finally shows your friends how a little strange Gremlin are.
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NVIDIA is the original hardcore technology company. The ancients say that the demanding rate of CEO Jensen Huang.
The BI TODAY team: Steve Russolillo, editor -in -chief of news, in New York. Dan Defrancesco, editor -in -chief and anchor, in New York (on parental leave). Grace Lett, publisher, in Chicago. Amanda Yen, assistant editor, in New York. Lisa Ryan, editor -in -chief, in New York. Elizabeth Casolo, stock market, in Chicago.
