ByKevin Sheekey

Today in Tech.

Apple’s Next Major Product: New Augmented and Virtual Reality Headset Could Debut Within Months

The headset, which combines elements of virtual and augmented reality, is Apple’s next big bet and represents the company’s first major new product category since the Apple Watch in 2015.

It would vault the tech giant into a still-nascent industry — one currently dominated by Facebook owner Meta Platforms. Apple is seeking new ways to expand its devices business, which makes up about 80% of annual sales.

Hedge Fund News.

Ken Griffin Says Employees Back Full Time, Helping Drive Business Forward

Speaking at a Bloomberg Intelligence event in New York, Ken Griffin, founder of the hedge fund Citadel and the market-making business Citadel Securities, said his employees are back to the office full time and he said he advocates for an in-person approach because he believes innovation and creativity can falter in a remote-work environment.

Griffin also said his firm is reaching a tipping point with Chicago, home to his firm’s headquarters, as the city wrestles with rising crime. “We’re getting to the point that if things don’t change, we’re gone,” he added.

Citadel has been seeking more office space in Manhattan, as it plans on growing its employee base in New York City, Bloomberg reported in February. The firm, which already has several locations in New York, has been in talks to lease even more space in Midtown.

Travel Section.

Where’s Your Next Vacation? It’s a Surprise! Last Minute Getaways on Rise as Flight Troubles, Covid Foil Planning

One Suggestion: St. John, USVI Cinnamon Bay Campground Connects Guests with Nature, Culture

For those looking to connect with nature, a visit to St. John’s Cinnamon Bay Beach & Campground in the US Virgin Islands is a solid choice, according to Travel and Leisure.

Cottages, eco-tents, and bare sites are available – with waves crashing along Cinnamon Bay lulling you to sleep at no extra cost. Mornings can start with a dip in a pretty beach while wild donkeys vie for the best shaded spots on the sand.

Travel and Leisure magazine says, “For true nature lovers it doesn’t get much better than this.”

Click here to learn more about the newly reopened Cinnamon Bay campground.

What I’m Reading.

Ukraine Latest: US Aims to Crush Russian Oil Industry

The Biden administration is developing plans to further choke Russia’s oil revenues with the long-term goal of destroying the country’s central role in the global energy economy, current and former US officials say, a major escalatory step that could put the United States in political conflict with China, India, Turkey and other nations that buy Russian oil.

Economy Read of the Day: Consensus of Economists Expect Inflation to Abate, Business Growth to Hold Up

Seventy-seven economists contributing to Bloomberg predict that US GDP will outperform the G-7 developed nations during the next three years. All 56 economists who provide quarterly forecasts not only see steady growth over seven consecutive quarters but also the absence of a contraction. The US unemployment rate is poised to reach 3.5% in the third quarter and remain low for several years.

Not-So-Great-Replacement: Extremists Becoming Republican Mainstream

Elected Republicans haven’t merely inspired far-right extremists. They have become far-right extremists.

A new report shows just how extensively the two groups have intertwined, finding that more than 1 in 5 Republican state legislators in the United States were affiliated with far-right groups.

The End of ‘Partygate’? Boris Johnson Avoids More Finds as UK Police End Investigation Into Lockdown Parties

Davos Preview: Forget Burning Man – Psychedelic Shamans Now Heading to World Economic Forum

Bloomberg New Economy – Panama: How Latin America Can Attract Investment and Take Advantage of Realigning Supply Chains

In an interview at the Bloomberg New Economy Gateway Latin America event in Panama, Bloomberg Chairman Peter Grauer told La Prensa that Latin America has a major role to play in global economic stability, which is particularly important given the disruptions caused in the supply of grains and raw materials by the war in Ukraine.

Panama President Laurentino Cortizo spoke at the event, touting the country’s recovery from the pandemic and its economic growth. Check out his Instagram post from the event, including video of his meetings with Grauer and other officials and business leaders. Click here for other headlines from the event.

NYC’s Hot Real Estate Market: Airbnbs Now Outnumber Available New York City Apartments

London Food Scene: The Best New Restaurants for a Power Lunch in the City of London

Movie News: ‘Top Gun: Maverick’ Cannes Premiere Gets 5-Minute Standing Ovation, Tom Cruise Awarded Palme d’Or

Best of Late Night.

‘Contagion’ (Netflix)

I recently watched Contagion and the similarities between the plot of this 2011 thriller and the reality of Covid-19’s beginnings are eerily similar. Click here to watch and see the eerie similarities to what the world has just experienced.

‘The Lost City’ (Paramount+)

I also watched The Lost City. It’s a video game turned into a movie and that’s how it feels, but if you want a mindless action movie featuring Sandra Bullock, Channing Tatum, and Brad Pitt as you relax this weekend – this is for you. Click here to stream.

Best of Late Night.

On the Republican primary race in Pennsylvania between Dr. Oz and David McCormick that is still too close to call:

‌”This is kind of great. I mean, for once it’s nice to have a doctor waiting for us.”
— Jimmy Fallon

‌”The results are in, and America has upheld its proud tradition of not knowing who won.”
— Stephen Colbert

‌”In a recent interview, Labor Secretary and former Boston Mayor Marty Walsh said the Dunkin Donuts’ tasted different on a recent trip to South Korea. Said Biden, ‘You know that’s not why we sent you, right?’”
— Seth Meyers

On news that Boris Johnson said when he worked from home, he would ‘walk to the fridge and hack off a small piece of cheese, then forget what he’s doing:’

‌”Well if it helps you remember, you’re supposed to be serving as Prime Minister!”
— Seth Meyers

About the Sheekey Daily Read

I’m always searching for the stories that shine a light on – and offer solutions to – some of the most pressing issues of our time. I started my daily email to capture and share the stories I think are important. Thanks for reading!
– Kevin Sheekey

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