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SignalPlus head of Insights Augustine Fan noted that markets have already ruled out any chance of an outsized 50-basis-point cut. Updated Aug 19, 2025, 1:54 p.m. Published Aug 19, 2025, 6:32 a.m. What to know: Crypto markets saw $270 million in liquidations, primarily in ether and bitcoin longs, due to fading hopes of a September Fed rate cut. Traders are recalibrating risk ahead of Jerome Powell’s Jackson Hole speech, with ETH’s implied volatility rising. Bitcoin and ether prices dipped, while XRP held firmer, reflecting broader market adjustments. Crypto markets spent the past 24 hours unwinding bullish bets as $270 million in liquidations hit traders, led by ether (ETH) and bitcoin longs. The flush came alongside fading hopes of a September Fed rate cut, with Polymarket odds of “no cut” jumping from 12% to 26%. That shift left some investors recalibrating risk ahead of Jerome Powell’s Jackson Hole speech on Friday. Nick Forster, founder at Derive.xyz, called the move a reset of short-term positioning rather than a structural shift in a Monday note. “It’s been a turbulent 24 hours in the crypto market, with over $270 million in liquidations, led by $170 million in ETH and $104 million in BTC,” he said. “A vast majority (95%) of these were longs, triggered by moderate pullbacks of 3% for ETH and 2% for BTC. This flush comes as expectations for a Fed rate cut in September dropped sharply,” Forster said. That macro repricing spilled into derivatives. ETH’s seven-day implied volatility rose to 73% from 68%, even as 30-day IV stayed steady, Derive’s data showed. The divergence suggests traders see turbulence in the coming sessions but aren’t yet bracing for a prolonged selloff. Forster flagged a 21% probability of BTC hitting $100,000 before September’s close, up from 15%, while the chance of ETH correcting to $4,000 by month-end climbed to 60%. SignalPlus head of Insights Augustine Fan noted that markets have already ruled out any chance of an outsized 50-basis-point cut. “Any hopes of a 50bp cut at the September meeting were quickly dashed, with ~90% of a single cut being priced as of Friday’s close,” Fan said. “Focus will be on Jackson Hole later this week, but we are not looking for a lot of new dovish surprises given the inflation backdrop.” That backdrop has weighed on majors. Bitcoin slipped to $115,036, its lowest in nearly two weeks, while Ethereum traded at $4,235. XRP held firmer at $3.02, trimming weekly gains to just 4% from a 9% high earlier. Shaurya Malwa Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN. X icon More For You HBAR Drops 2.5% After Breaking Key Support Levels The token broke through key support levels in volatile trading after hotter-than-expected U.S. inflation data spurred $460 million in crypto liquidations. What to know: HBAR slumped 2.46% to $0.238 between August 18–19, breaking key support levels amid heavy selling and elevated trading volumes. Macro headwinds intensified pressure, with U.S. Producer Price Index data exceeding Fed forecasts and triggering $460M in crypto liquidations. Long-term outlook remains supported by HBAR’s enterprise-grade infrastructure and partnerships, despite short-term volatility. Read full story Read More

DOGE Tests 22-Cent Support as $782M Volume Unleashes Stop-Loss Cascade Resistance is building near $0.23, where profit-taking and heavy sell orders reappear. Updated Aug 19, 2025, 5:51 a.m. Published Aug 19, 2025, 5:51 a.m. (CoinDesk Data) What to know: Dogecoin fell 4% overnight, dropping from $0.23 to $0.22 amid heavy trading volume. The decline was part of a broader crypto liquidation trend, influenced by U.S. inflation data. Institutional investors accumulated 2 billion DOGE this week, despite the price drop. Dogecoin slid overnight, erasing gains despite heavy institutional accumulation, as $782 million in trading volume overwhelmed support levels and sent the token into correction mode. The move came alongside broad crypto liquidations, reflecting heightened macro pressure. News Background • Dogecoin dropped from $0.23 to $0.22 in a 24-hour window ending August 19 at 04:00, marking a 4% decline.• A sharp liquidation wave hit between 03:00-04:00, where volumes spiked to 782 million DOGE — nearly double the daily average.• The decline occurred as industry-wide liquidations topped $1 billion, triggered by U.S. inflation prints beating expectations and denting Fed rate-cut hopes.• Despite the drop, institutional buyers have accumulated 2 billion DOGE worth about $500 million this week, bringing total reported holdings to 27.6 billion. Price Action Summary • DOGE traded within a $0.01 band, reflecting 5% intraday volatility.• Overnight crash drove the token to test $0.22 support, now viewed as the key level to defend.• A late-session rebound attempt lifted prices modestly back toward $0.22, signaling demand at the lows.• Resistance is building near $0.23, where profit-taking and heavy sell orders reappear. Technical Analysis • Breakdown from $0.23 invalidates prior bullish structure, with $0.22 emerging as new short-term floor.• Volume surge of 782 million DOGE validates capitulation selling — a potential precursor to bottom formation.• Support: $0.22 (critical), followed by $0.21 if pressure persists.• Resistance: $0.23 (immediate), $0.25 (major breakout threshold).• Indicators suggest mixed signals: RSI approaching oversold, but momentum remains negative. What Traders Are Watching • Whether institutional accumulation continues if $0.22 cracks — signaling smart money conviction or retreat.• Broader market risk sentiment: equity weakness and macro headwinds remain the dominant driver.• $1 billion+ in crypto liquidations highlight fragility; another macro shock could deepen downside.• A reclaim of $0.23 would be seen as a short-term reversal trigger, otherwise $0.21 support test is likely. Shaurya Malwa Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN. X icon More For You HBAR Drops 2.5% After Breaking Key Support Levels The token broke through key support levels in volatile trading after hotter-than-expected U.S. inflation data spurred $460 million in crypto liquidations. What to know: HBAR slumped 2.46% to $0.238 between August 18–19, breaking key support levels amid heavy selling and elevated trading volumes. Macro headwinds intensified pressure, with U.S. Producer Price Index data exceeding Fed forecasts and triggering $460M in crypto liquidations. Long-term outlook remains supported by HBAR’s enterprise-grade infrastructure and partnerships, despite short-term volatility. Read full story Read More

Good morning. I know several people on GLP-1 drugs. Some transformed their health; one used it to shed 10 pounds nobody thought she needed to lose. Such drugs have become the fastest-growing segment of drug spending, accounting for 10.5% of employers’ average pharmacy costs so far this year, vs. 8.9% in 2024. That’s up from 6.9% in 2023, when Americans spent $71.7 billion on such drugs. On average, employers pay between $8,000 and $10,000 per user each year for these drugs through healthcare plans. I spoke with GoodRx CEO Wendy Barnes on the eve of the company’s announcement yesterday that it will offer various strengths of Ozempic and Wegovy for a cash price of $499 a month, which is roughly half the normal cost. Simple math would suggest that could be an attractive price for companies, too, which raises the question of how the growing list of consumer-focused healthcare offerings could impact the traditional employer-pay model. “I would challenge the notion that all drug spend needs to flow through an insured model,” said Barnes. “We’re trying to get competitive pricing in the hands of every American.” That argument resonates with Mark Bertolini, the former CEO of Aetna who’s now heading up Oscar Health, which is aiming for a more dynamic, personalized model of health insurance, not unlike what Progressive has done in other realms of insurance. “In every other part of the economy, I get to buy the product I want at the price I want to pay, and I have an opportunity to shop and see what’s available,” he told me yesterday. “In healthcare, for the most part, employers pick a network that covers all their employees,” which can mean less choice and less satisfaction. Bertolini calls this the “retailization” of health insurance, and GoodRx’s GLP-1 announcement could be emblematic of a more holistic system where employers encourage workers to pick from a broader menu of options. (John Hancock offers discounts on Prenuvo body scans, for example.)  Barnes, meanwhile, told me that GoodRx will be launching a subscription program around weight loss before the end of this year and she sees discount cash pricing as a complement to employer offerings that grow more restrictive in a bid to trim costs. And while moves in Washington have raised concerns about Americans’ healthcare coverage, Barnes sees opportunity in the government’s mandate to reduce drug prices and create more direct-to-patient pathways. “Payers are not going anywhere but they will no longer have complete control over what you or I do from a benefit perspective,” said Barnes, who of course, hopes more leaders will help employees get the best price they can for the drugs they need—and want. Contact CEO Daily via Diane Brady at diane.brady@fortune.com Top news Trump, Putin, and Zelensky headed for “Trilat” Peace talks to end the war in Ukraine reached a crucial new stage after President Trump “discussed Security Guarantees for Ukraine … with a coordination with the United States of America.” The next step, Trump says, is a three-way meeting with Ukraine’s Zelensky. “At the conclusion of the meetings, I called President Putin, and began the arrangements for a meeting, at a location to be determined, between President Putin and President Zelenskyy. After that meeting takes place, we will have a Trilat, which would be the two Presidents, plus myself.” Trump rails against the WSJ “I’ve settled 6 Wars in 6 months, one of them a possible Nuclear disaster, and yet I have to read & listen to the Wall Street Journal, and many other who truly don’t have a clue, tell me everything that I am doing wrong on the Russia/Ukraine MESS, that is Sleepy Joe Biden’s war, not mine,” he said on social media. ”I know exactly what I’m doing, and I don’t need the advice of people who have been working on all of these conflicts for years, and were never able to do a thing to stop them.” Putin advises Trump on voting security The president told Fox News’s Sean Hannity that Putin had told him in Alaska, “Your election was rigged because you have mail-in voting.” On Monday, Trump posted that he would end mail-in voting. Context: There is no evidence that U.S. federal elections are affected by widespread voter fraud. In fact, Newsmax just settled a lawsuit for $67 million after falsely claiming that the 2020 election was rigged. White House considers 10% stake in Intel Under the notional proposal, Intel’s $10.9 billion in Chips Act grants would be converted into equity, making the Trump administration the company’s largest stockholder, Bloomberg reported. It is not clear how seriously the idea is being pursued. Nasdaq plagued by meme stock pump-and-dumps Seven small Chinese companies listed on the U.S.-based Nasdaq saw $3.7 billion wiped off their value after their stocks were talked up on social media and then suddenly sold off. The scam starts on social media, where hundreds of retail investors are persuaded via ads to join WhatsApp investor groups. The groups can be very convincing. OpenAI CEO admits to GPT-5 rollout mistakes OpenAI CEO Sam Altman reportedly admitted to reporters last week that the company “totally screwed up some things on the rollout” of its GPT-5 AI model earlier this month. He also noted the company will need to spend trillions on data centers to continue scaling the product. Altman also says AI is in a “bubble” phase In remarks at a recent dinner, he used the word “bubble” three times in 15 seconds, according to CNBC, and then said, “I’m sure someone’s gonna write some sensational headline about that. I wish you wouldn’t, but that’s fine.” he also said, “Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes.” Soho House goes private A group of investors led by MCR Hotels agreed to acquire Soho House, the network of members-only social clubs, for $2.7 billion. Soho House traded on the New York Stock Exchange for the past four years but consistently underperformed

President Donald Trump says he has begun arrangements for a face-to-face meeting between Vladimir Putin and Volodymyr Zelenskyy to discuss a pathway to end Russia’s invasion of Ukraine. “I called President Putin, and began the arrangements for a meeting, at a location to be determined, between President Putin and President Zelenskyy,” Trump said in a social media posting following lengthy talks at the White House on Monday with Zelenskyy and European leaders. “After that meeting takes place, we will have a Trilat, which would be the two Presidents, plus myself. Again, this was a very good, early step for a War that has been going on for almost four years.” Earlier on Monday, Trump said during talks with Zelenskyy and European leaders that a potential ceasefire and who gets Ukrainian territory seized by Russia should be hashed out during a face-to-face meeting between the warring countries’ two leaders. The talks at the White House came days after Trump hosted Putin for a summit at a U.S. military base in Alaska in which he tilted toward Putin’s demands that Ukraine make concessions over land seized by Russia, which now controls roughly one-fifth of Ukrainian territory. “We’re going to let the president go over and talk to the president and we’ll see how that works out,” Trump said during his meeting with Zelenskyy and the European leaders. Trump and Zelenskyy also expressed hope of soon holding three-way talks among the U.S., Russian and Ukrainian leaders. Trump also said he would back European security guarantees for Ukraine as he met with Zelenskyy and the leaders of France, Britain, Germany, Italy and Finland, as well as the president of the European Commission and the head of NATO. Trump stopped short of committing U.S. troops to a collective effort to bolster Ukraine’s security. He said instead that there would be a “NATO-like” security presence and that all those details would be hashed out with EU leaders. “They want to give protection and they feel very strongly about it and we’ll help them out with that,” Trump said. “I think its very important to get the deal done.” Speaking Monday before the White House meetings took place, Russia’s Foreign Ministry rejected the idea of a possible NATO peacekeeping force in Ukraine. Such a scenario could see further escalation and “unpredictable consequences,” ministry spokesperson Maria Zakharova warned. Trump’s engagement with Zelenskyy had a strikingly different feel to their last Oval Office meeting in February. It was a disastrous moment that led to Trump abruptly ending talks with the Ukrainian delegation, and temporarily pausing some aid for Kyiv, after he and Vice President JD Vance complained that Zelenskyy had shown insufficient gratitude for U.S. military assistance. Zelenskyy at the start of the meeting presented a letter from his wife, Olena Zelenska, for Trump’s wife, Melania. Trump hand-delivered a letter to Putin from the U.S. first lady urging him to consider the children impacted by the conflict and bring an end to the brutal 3 1/2 year war. Trump at one point needled Zelenskyy over Ukraine delaying elections. They had been scheduled for last year but were delayed because of the ongoing Russian invasion. Ukrainian law does not allow presidential elections to be held when martial lawis in effect. Trump joked that a similar circumstance wouldn’t play well in the U.S. Zelenskyy faced criticism during his February meeting from a conservative journalist for appearing in the Oval Office in a long sleeve T-shirt. This time he appeared in a dark jacket and buttoned shirt. Zelenskyy has said his typically less formal attire since the start of the full-scale Russian invasion in 2022 is to show solidarity with Ukrainian soldiers. Monday’s hastily assembled meeting came after Trump met in Alaska on Friday with Putin. After that meeting, Trump said the onus is now on Zelenskyy to agree to concessions of land that he said could end the war. Trump said he plans to talk to Putin after his meetings with Zelenskyy and European leaders. “We’ll see in a certain period of time, not very far from now, a week or two weeks, we’re going to know whether or not we’re going to solve this or is this horrible fighting going to continue,” Trump said. The European leaders were left out of Trump’s summit with Putin. They want to safeguard Ukraine and the continent from any widening aggression from Moscow. Many arrived at the White House with the explicit goal of protecting Ukraine’s interests — a rare show of diplomatic force. Ahead of Monday’s meeting, Trump suggested that Ukraine could not regain Crimea, which Russia annexed in 2014, setting off an armed conflict that led to its broader 2022 invasion. “President Zelenskyy of Ukraine can end the war with Russia almost immediately, if he wants to, or he can continue to fight,” Trump wrote Sunday night on social media. “Remember how it started. No getting back Obama given Crimea (12 years ago, without a shot being fired!), and NO GOING INTO NATO BY UKRAINE. Some things never change!!!” Zelenskyy responded with his own post late Sunday, saying, “We all share a strong desire to end this war quickly and reliably.” He said that “peace must be lasting,” not as it was after Russia seized Crimea and part of the Donbas in eastern Ukraine eight years ago, and “Putin simply used it as a springboard for a new attack.” European heavyweights in Washington Putin opposes Ukraine joining NATO outright, yet Trump’s team claims the Russian leader is open to Western allies agreeing to defend Ukraine if it comes under attack. European leaders suggested forging a temporary ceasefire is not off the table. Following his meeting with Putin on Friday, Trump dropped his demand for an immediate ceasefire and said that he would look to secure a final peace settlement between Russia and Ukraine — a sudden shift to a position favored by Putin. At the start of Monday’s meeting with European leaders, the German and French leaders praised Trump for opening a path to peace, but they urged the U.S. president to push Russia for a ceasefire. “I would like to see

The home goods category has seen its share of twists and turns over the past five years: a pandemic-era boom and then a slump when consumers pivoted toward travel and experiences rather than physical items. Now, it’s facing headwinds in the form of tariffs and an uncertain economy, and generative AI could be changing how people shop. Kate Gulliver, CFO and chief administrative officer at Wayfair, spoke with CFO Brew about her career, and about her company’s plan to roll with the punches. From startup to category leader: In some ways, Gulliver has grown along with Wayfair. After working in private equity, she joined the company as head of investor relations in 2014, and helped to run its IPO. At that time, it had about $1 billion in sales and 2,000 employees, Gulliver said. She describes it as “a super high-growth but relatively immature company from a systems and process perspective.” Today, Wayfair employs around 12,000 people and brought in $12 billion in revenue from June 2024 through June 2025. From investor relations, Gulliver became global head of talent, and was named CFO and CAO in 2022. Her career at Wayfair has evolved in an organic fashion. “I largely let my career be guided by the opportunity most immediately in front of me,” she said. “I’ve never tried to guide toward ‘10 years from now, here’s where that role is getting me.’ It’s been more ‘Is this the next right move?’” As a combined CFO and chief administrative officer, Gulliver has plenty on her plate: HR, finance, real estate, legal and compliance, corporate affairs, and communications all report to her. She enjoys the breadth of the dual role, which she says gives her insight into the “backbone” of the company. “Intellectually,” the many departments she oversees “can feel quite different day to day, which is fun,” she said. A turbulent five years for retail: As a seller of discretionary goods, Wayfair has been on a rocky ride over the past five years. It was able to capitalize on the home goods boom of the pandemic, when shoppers stuck in lockdown were buying items for their spaces. But as restrictions lifted and consumers pivoted toward spending on experiences, it saw net losses for three consecutive years. Wayfair had to restructure and underwent several rounds of layoffs, cutting around 13% of its workforce, or 1,650 jobs, in 2024. Now, though, the category is “starting to stabilize,” Gulliver said. Wayfair had a bumper second quarter this year, with revenues rising 5% year over year. “We’re feeling good about the momentum currently,” she said. Wayfair isn’t seeing consumer softness yet due to tariffs and economic uncertainty, Gulliver said, though it’s seeing more strength in its high-end lines, such as Perigold, AllModern, and Joss & Main, than in its “core mass” lines. (“There’s no question the higher-end market is stronger than mass,” CEO Niraj Shah said during a recent earnings call.) The company is keeping its eye on the macroeconomic picture, though. It’s doing a lot of forecasting, incorporating both its internal data and third-party inputs such as credit card data and housing market trends, Gulliver said. So far tariffs haven’t had that much of an impact, Gulliver said. That’s partly because Wayfair is a marketplace. Sellers post many unbranded items that look similar to one another, so they’re largely competing on price, she said. Lower prices also allow for better placement on Wayfair’s search results, boosting sales. Sellers, Gulliver said, are finding ways to absorb or offset tariffs at different points along the supply chain, which is “helping to insulate consumers” from higher prices. “Consumers are still seeing like-for-like pricing,” she said. AI, how about midcentury modern? Wayfair is also anticipating changes generative AI might make to shopping habits. It’s partnering with some major AI providers on developing agentic shopping tools, Gulliver said. And it’s added GenAI features to its website and app that show customers how furniture might look in different spaces within a home, alongside recommendations for similar Wayfair products. “It’s a fun way to capitalize on how consumers might be changing how they shop,” Gulliver said. At the same time, the retailer’s made a surprisingly analog move: opening brick-and-mortar stores. Its Chicago store has resulted in a “halo” effect, boosting sales and brand recognition in the Chicago area, Shah said on an earnings call. Three more physical stores are planned in the coming years. As a Wayfair shopper and home design fan herself (“That is the thing I read about in my spare time”), Gulliver understands what consumers are looking for. But even her broad remit, she acknowledges, only goes so far. “I’m always going to the brand team or the merchant team” and asking, ‘Have we thought about getting this product?’,” she said. “And they’re like, ‘Kate, stay in your lane.’” This report was originally published by CFO Brew. Introducing the 2025 Fortune Global 500, the definitive ranking of the biggest companies in the world. Explore this year’s list. Read More

A stagnating labor market is leading workers to hold tightly on to their jobs, even as growing workplace uncertainty stokes resentment and concern among employees, consultants warn. But while employees are staying put to weather the storm, this act of “job hugging” may only be temporary as they prepare to flee as soon as market conditions improve. The pandemic-era “Great Resignation” saw 47 million people quit their jobs in 2021 and 50 million more in 2022 as they looked for flexible working conditions and higher pay. As job openings and turnover returned to pre-COVID levels in 2023, the mass exodus of workers transitioned to the “Great Stay.”  Today, as tariff uncertainty threatens companies’ growth plans and private equity funding slows—not to mention advancements in AI stoking employees’ fears about being displaced—workers are staying put with extra anxiety. They’re concerned that should they quit, they wouldn’t be able to find options elsewhere, according to consulting firm Korn Ferry. This act of “job hugging” has workers hanging on to their positions “for dear life.” “Given just all the activity that happened post-COVID and then some of these constant layoffs, people are waiting and sitting in seats and hoping that they have more stability,” Korn Ferry managing consultant Stacy DeCesaro told Fortune. Since 2024’s fourth quarter, the Eagle Hill Consulting Employee Retention Index has indicated growing employee intent to stay at their current jobs in the next six months. The consultancy also saw a 4.4-point drop in its Market Opportunity Indicator last quarter, indicating a steep decline in employee perceptions of the job market. U.S. payrolls grew by just 73,000 in July, and have expanded by an average of only 35,000 in the past three months. “No one is wanting to leave unless they’re very unhappy or miserable in their job or just feel so unsettled by the company,” DeCesaro said. Growing employee frustration Just because more employees are sticking around doesn’t mean they are happy about it. A November 2024 report from Glassdoor found that 65% of employees reported feeling “stuck” in their current positions, including 73% of those in tech roles. With fewer alternatives, sitting tight at one’s job has, for many, resulted in cabin fever. “It’s no accident that trends like ‘quiet quitting’ are resonating now,” Daniel Zhao, lead economist at Glassdoor, wrote in the report. “As workers feel stuck, pent-up resentment boils under the surface and employee disengagement rises.”  On top of bleak job prospects elsewhere, employees are also grappling with a rotating door of company management, which has exacerbated feelings of discomfort and disconnect from a firm’s vision, DeCesaro said. Some of her clients said they’ve worked under three different company presidents in the past 18 months.  CEO turnover rates have reached their highest in decades, with departures jumping 12% from June 2024 to June 2025, according to data from executive placement firm Challenger, Gray & Christmas, reaching the highest levels since the company began tracking turnover in 2002. In other cases, DeCesaro said, new management has provided hope for employees, incentivizing them to stick around that much longer, even if their workplace culture ultimately doesn’t end up changing for the better. Taken together, these factors have led to the rise of “quiet cracking,” employees reaching a breaking point and mentally checking out. The productivity dip as a result of employee disengagement cost the world economy $438 billion in 2024, according to Gallup’s 2025 State of the Global Workplace report. ‘Great Resignation’ redux Employees may have few other career options now, but once market conditions improve, this quiet discontent will no doubt mean déjà vu for employers, DeCesaro said: Another Great Resignation is coming. “Once the market improves, I think it’s going to be super active because there’s a lot of pent-up demand of like, ‘I’ve been miserable here for a while, but I’ve just been waiting for a better opportunity or a better market to move,’” DeCesaro said. If employers want to ensure their workers don’t leave as soon as they see other career options, they should focus on looking for opportunities to open doors of communication between management and rank-and-file workers, as well as take the time to gather and listen to workers’ feedback, according to DeCesaro. With some jobs remaining entirely remote, there should be a continued effort to gather once a year or quarter to create a cohesive company culture. “It’s going to be a fruit basket turnover of talent,” DeCesaro said. “But if you’ve invested in your people between now and when that happens, people are going to be reticent to leave.” Introducing the 2025 Fortune Global 500, the definitive ranking of the biggest companies in the world. Explore this year’s list. Read More

Harvard Business Review Logo whiterabbit83/Getty Images Summary.    CEOs are routinely told to “link their strategic plan to their budgets.” Yet over many years, I’ve observed an alarming disconnect between the two. Aligning strategy and budgets is touted as a hallmark of effective management. And, in theory, it is. You test a strategic idea by analysing its impact. Change suppliers – what happens to revenues and costs? Upskill employees – what happens to the bottom line? Read More

Rebecca Knight is a journalist who writes about all things related to the changing nature of careers and the workplace. Her essays and reported stories have been featured in The Boston Globe, Business Insider, The New York Times, BBC, and The Christian Science Monitor. She was shortlisted as a Reuters Institute Fellow at Oxford University in 2023. Earlier in her career, she spent a decade as an editor and reporter at the Financial Times in New York, London, and Boston. Read More

Corporate governance by Lynn S. Paine and Suraj Srinivasan August 18, 2025 Illustration by David Comai Post Buy Copies Summary.    Leer en españolLer em português Post Buy Copies During the past year, political and investor pushback against corporate climate efforts has intensified. Nearly 320 anti-ESG bills have been introduced across U.S. state legislatures since 2021. States such as Florida and Texas have curbed the use of ESG considerations in public investments. The U.S. SEC has all but repealed its climate-disclosure rules, and pending climate-disclosure rules in California are mired in litigation. Post Buy Copies Read more on Corporate governance or related topics Boards, Climate change, Environmental sustainability, Corporate social responsibility, Sustainable business practices and Business and society Read More

The Indian Rupee drifts higher in Tuesday’s early European session.   New tax measures rolled out by PM Modi’s government support the INR, but global uncertainty might cap its upside. Traders await the flash Indian HSBC PMI data on Thursday ahead of the Jackson Hole Economic Policy Symposium.  The Indian Rupee (INR) gathers strength on Tuesday. Indian Prime Minister Narendra Modi unveiled plans for the biggest tax overhaul since 2017 over the weekend, boosting stocks across sectors like automobile, financial services, real estate, consumer, and cement. A likely rally in Indian equities after sweeping tax reforms might support the Indian currency in the near term. On the other hand, persistent US–India trade tensions might drag the INR lower. US President Donald Trump said he would delay new tariffs on countries like China that continue purchasing Russian oil after talks with Russian President Vladimir Putin. Nonetheless, his words made no mention of India, which is still set to face an additional 25% duty beginning August 27. The preliminary reading of the Indian HSBC Purchasing Managers Index (PMI) reports for August will be the highlight on Thursday. On the US docket, traders will closely monitor the Federal Reserve’s annual symposium in Jackson Hole later on Friday, as it might offer some guidance on a September interest rate cut after recent US data. Fed Chair Jerome Powell is set to speak on the economic outlook and the central bank’s policy framework. Daily digest market movers: Indian Rupee edged higher amid tax cuts boost White House trade adviser Peter Navarro said late Monday that India’s purchases of Russian crude oil are funding Moscow’s war in Ukraine and have to stop, as the US ramps up pressure on India to cut off its energy imports from Russia. Trump said that the US would “help out” Europe in providing security for Ukraine as part of any deal to end the war in Ukraine and expressed hope that Monday’s talks could eventually lead to a trilateral meeting with Russian President Vladimir Putin, per Reuters.  Trump noted that negotiations to obtain peace in the years-long war prompted by Russia’s invasion of Ukraine can take place while both countries are still fighting, dropping his earlier calls for a ceasefire.  S&P upgraded India’s rating to BBB, from BBB-, with a stable outlook last week, and said the economy’s growth prospects won’t be impacted by the Trump administration’s 50 percent tariff shock to the country. Fed fund futures traders are now pricing in an 83% odds of a September Fed rate cut, after last week briefly fully pricing in a move, according to the CME FedWatch tool. Technical Analysis: USD/INR maintains a constructive outlook above the 100-day EMA The Indian Rupee trades in positive territory on the day. However, the USD/INR pair keeps the bullish vibe, with the price being well-supported above the key 100-day Exponential Moving Average (EMA) on the daily timeframe. Furthermore, the 14-day Relative Strength Index (RSI) stands above the midline near 56.75, suggesting that the path of least resistance is to the upside.  The first upside barrier for the pair emerges at 87.74, the high of August 8. If we see more green candlesticks and a solid move above the mentioned level, USD/INR could revisit the 88.00-88.05 zone, representing the psychological level and the upper boundary of the ascending trend channel.    In the bearish event, the first support level for USD/INR is located at 87.06, the low of July 30. If the pair sees sustained trading below this level, it could see a drop to a crucial contention level at 86.25, the 100-day EMA, and the lower limit of the trend channel. Indian economy FAQs The Indian economy has averaged a growth rate of 6.13% between 2006 and 2023, which makes it one of the fastest growing in the world. India’s high growth has attracted a lot of foreign investment. This includes Foreign Direct Investment (FDI) into physical projects and Foreign Indirect Investment (FII) by foreign funds into Indian financial markets. The greater the level of investment, the higher the demand for the Rupee (INR). Fluctuations in Dollar-demand from Indian importers also impact INR. India has to import a great deal of its Oil and gasoline so the price of Oil can have a direct impact on the Rupee. Oil is mostly traded in US Dollars (USD) on international markets so if the price of Oil rises, aggregate demand for USD increases and Indian importers have to sell more Rupees to meet that demand, which is depreciative for the Rupee. Inflation has a complex effect on the Rupee. Ultimately it indicates an increase in money supply which reduces the Rupee’s overall value. Yet if it rises above the Reserve Bank of India’s (RBI) 4% target, the RBI will raise interest rates to bring it down by reducing credit. Higher interest rates, especially real rates (the difference between interest rates and inflation) strengthen the Rupee. They make India a more profitable place for international investors to park their money. A fall in inflation can be supportive of the Rupee. At the same time lower interest rates can have a depreciatory effect on the Rupee. India has run a trade deficit for most of its recent history, indicating its imports outweigh its exports. Since the majority of international trade takes place in US Dollars, there are times – due to seasonal demand or order glut – where the high volume of imports leads to significant US Dollar- demand. During these periods the Rupee can weaken as it is heavily sold to meet the demand for Dollars. When markets experience increased volatility, the demand for US Dollars can also shoot up with a similarly negative effect on the Rupee. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any