Home Blog

CEO says anyone who works from home is grabbing groceries or at the vet 30% of the time



Just when you thought the dust had settled on the return-to-office wars, one startup founder has reignited the debate—accusing remote workers of sneaking off and doing life admin on company dime for a third of their working day.

Serial founder Bridger Pennington panned his camera around an office full of people still at their desks on a Friday evening to prove his point that in-office working is more productive.

“I get a lot of hate, but I’m a big believer for working in an office in person,” Pennington posted to his Threads account, where it’s racking up thousands of reactions. “You can look at the time, it is five exactly on the dock, and you can see everyone’s still working.”

The Utah-based co-founder of the startups Fund Launch and Ugly Unicorn explained that, despite offering workers incentives to work in the office—including free dinners for anyone who stays past 7 p.m.—he still faces backlash for not letting staff work remotely.

“You try that with your startup, go ahead. Good luck,” he bluntly responded to anyone pushing back on him. 

“I’ll bet your bottom dollar, Susan or Joe, whoever, on a Tuesday afternoon that’s working remote, 30% of the time they’re getting groceries, they’re running their dog to the vet, they got a kids dance recital—they’re not working, and you’re paying them full time.”

The internet fired back—and some of them do run their own companies

Pennington captioned his video, telling people to run their own company if they weren’t happy with his stance on in-office work. So naturally, founders came to his comment section to let him know they already do—and that their remote-first firms are thriving.

“Seeing this while my team helps me run a successful company from their beds or the beach, in different continents,” one user—who says she runs her own company with an entirely remote, women-only team—commented.

“No clocking in. No permission slips… I give them paid leave for periods because day two under fluorescent lighting is not it,” she said. “Daycares for their kids are covered too.”

“I do in fact run my own company. My employees are all remote and incredibly hardworking,” another user added.

Others pointed to Fund Launches’ 3.1-star Glassdoor rating as evidence that not everyone who works for the company is as happy as Pennington is with its in-office policy and company culture.

Meanwhile, remote workers took to the comments to argue how much more productive they are from home and that Pennington’s take has “micromanager written all over” it.

But Pennington pushed back, telling Fortune that in-office working is beneficial for both workers and company culture.

“Especially post-COVID, many young people want to work on something compelling, with people who work hard and build something fun together,” he said.

“That’s the culture we’ve built at Fund Launch, and it’s a cascading effect. It’s energizing, fun, and exciting to work with great people on really hard problems, especially when you know you have upside in the company you’re building.”

Workers and their bosses have very different definitions of productivity

As Pennington points out, he believes workers are less productive at home, not because of their output levels, but because he sees them having time to run errands. Whether or not his 30% figure holds up, he’s put his finger on a tension that isn’t going away: workers and employers genuinely cannot agree on what a productive day actually looks like.

Research has shown that only 25% of workers measure their productivity in any formal sense—meaning most people rely on something far more subjective, like ticking off a to-do list or simply feeling done for the day.

A key way many workers say they measure productivity is by being able to get their stuff done “without roadbacks”—something which the office is full of: The impromptu desk chats, the colleague who needs five minutes that turns into forty-five, the back-to-back meetings that could have been an email.

And yet Pennington describes being able to quickly tap a colleague on the shoulder as one of the biggest draws to working in an office.

“In person is such an advantage,” he said, while pointing to two young hires who are sitting in an open-plan office where you can overhear every conversation. “These guys all get to learn and be like around those people,” he added. “When you work in person, you can walk around and talk to people and get stuff done and just get things moving.”

Ironically, those same spontaneous interactions are precisely what remote workers cite as their biggest productivity drain when they’re in an office. 

Because while visibility may feel more productive for a manager—being able to see who’s at their desk, loop someone in on the spot, get a quick update in passing—for the individual contributor doing the actual work, those micro-interruptions compound, leaving them with less time to do their actual job.

It’s why workers and their employers may never see eye to eye on what constitutes a day well spent at work.  

Remote employees may argue they’re more productive because they can do their jobs two hours faster, sans distractions, than if they were in an office—leaving them extra time for life admin. To them, that’s proof of efficiency. But to their boss, it may look like two hours they weren’t working.

15 Years Of Investing: How I'm Investing At All-Time Highs



ad Find out more about InvestEngine here:

If you’re wondering whether now is the right time to invest, you’re not alone. With headlines about market crashes, AI bubbles, and economic uncertainty, it’s easy to feel like you should wait. But in this video, I break down what I’d actually do if I was starting investing today, based on 15 years of real experience.

Disclaimer: I do not earn any commission from this link. Capital at risk. ETF costs apply when investing. Tax treatment depends on individual circumstances and may be subject to change. Past performance is not a reliable indicator of future results.

My performance data correct as of 13/03/2026.
For Impact methodology visit:

source

Atmos Rewards: Atmos Members Day (Discounted Award Flights)


The Offer

Direct link to offer

  • Atmos Rewards is debuting something called ‘Atmos Members Day’. First one launches today and you can book by 6/3 for travel September 1, 2026 – November 15, 2026. Route options as follows:
    • Mexico City (MEX): now starting at 7,500 points
    • Helsinki (HEL): now starting at 15,000 points
    • Paris (CDG): now starting at 20,000 points
    • Tahiti (PPT): now starting at 20,000 points 
    • Bangkok (BKK): now starting at 25,000 points
    • Taipei (TPE): now starting at 30,000 points

Our Verdict

They are also offering ‘Atmos Unlocked’ which seems to be experiences. Lots of other rewards programs offer similar deals (like KLM/Flying Blue). We mostly don’t cover them as it’s usually marginal value over off peak times. 

The Best Defensive Strategies | RPC


We examine downside protection—or defensive—strategies over more than 220 years of global financial history, covering many years in which traditional equity–bond portfolios suffer and across a wide range of economic scenarios and historical regimes. Traditional defensive equity factors—low-risk, quality, and value—consistently provide effective downside protection, whereas gold and put options prove less drawdown or cost-effective. Our long-run evidence shows that multi-asset defensive strategies, particularly a return-enhanced version of the defensive absolute return (DAR) portfolio introduced by Cavaglia et al. (2022) and trend-following, provide the most effective downside protection. DAR and trend-following are complementary across tests by diversifying each other across stages of drawdowns. Investors can improve the defensive properties and improve total portfolio outcomes of traditional portfolios by considering the deep sample evidence on defensive strategies provided in this paper.

SpaceX reveals its share price and record valuation: $135 a share, at a $1.77 trillion valuation



It’s official: SpaceX is on track to be the largest IPO in history, seeking to raise $75 billion once it goes public later this month.

The company will sell 555.6 million Class A shares at a fixed price of $135 each, according to an amended statement filed with the SEC on Wednesday. Combined with the company’s total shares outstanding, that prices SpaceX at roughly $1.77 trillion; enough to make it, on arrival, the seventh-largest company in the U.S. per the Fortune 500 list, walloping current no. 7 spot Berkshire Hathaway, and even CEO Elon Musk’s other darling, Tesla, which trades at a market cap of about $1.6 trillion.

The company going public is not just a rocket maker, anymore. February’s all-stock absorption of xAI turned SpaceX into a money-losing satellite-internet and AI conglomerate, with proceeds earmarked partly for expanding AI compute alongside the Starlink network. Musk makes the goal in the prospectus very clear: get a colony of a million people on Mars. The rockets are to transport there, and the AI is to organize the colony and also figure out how to get a million people on Mars.

How much of the $80 billion actually reaches that buildout is another question: as Fortune has reported, more than three-quarters of the proceeds are already spoken for, pledged to repay debt held by Valor Equity Partners, X Corp, and xAI investors, and to pay EchoStar for a spectrum acquisition, leaving less than $18 billion for the AI express.

What is clear is that Musk has full control of the company. The amendment shows the founder, CEO, CTO, and chairman holding roughly 82.4% of voting power after the offering, enough to elect or eject a majority of the board outright and to make SpaceX a “controlled company” exempt from certain Nasdaq governance rules. Public shareholders are just along for the ride to space.

The filing starts the timer on a hot IPO summer, with the other rumored trillion-dollar listings—Anthropic and OpenAI—set to follow. Anthropic confidentially filed its prospectus on Monday.

The question on Wall Street’s mind is whether there’s enough money in the public markets to absorb them all. Nasdaq controversially rewrote its rules last month in anticipation of the megacap arrivals, allowing the largest IPOs to enter its prestigious Nasdaq 100 index after just 15 trading days, rather than waiting months for the index’s regular reconstitution; and scrapping its 10% minimum float requirement in the process.

SpaceX is expected to float barely 4% of the company, and Nasdaq index funds will be forced to absorb SpaceX shares mechanically, at whatever price prevails. That hands early SpaceX investors a ready exit in what would be the biggest payday in startup history. 

SpaceX’s lockup period, like everything else about the company, is unorthodox: instead of a standard 180-day cliff, insiders can sell up to 20% of their locked shares once the company reports its first quarterly earnings, with an additional 10% if the stock is trading at least 30% above the IPO price.The shares unlock in staggered tranches starting after the company’s second earnings report; expected to be around late July or early August.  Musk himself can’t sell for 366 days. The structure is designed to gradually increase the float—and accelerate SpaceX’s inclusion in the Nasdaq 100.

Mortgage Rates Now Facing War and Hot Jobs Headwinds


I keep warning folks that mortgage rates are going higher, possibly back to the 7% range.

And the main reason is because the war in the Middle East is dragging out longer than anticipated.

That could lead to even higher oil prices, which already spiked gas prices and are now affecting input costs on virtually all products/services.

But now we’ve got another issue; hot labor data is also becoming a thing again, with the latest ADP jobs report coming in above forecast.

And the BLS jobs report for May is out this Friday, which could lead to even more upward pressure for mortgage rates.

One-Two Punch for Mortgage Rates

It seems anytime mortgage rates get a win, they face a setback. They were winning coming into 2026 and hit the lowest levels since mid-2022 at the end of February.

Then just like that, the conflict in the Middle East sent 30-year fixed rates back toward 6.50% and even higher.

Not only was this bad news for those looking to refinance a mortgage, it also came during prime home buying season.

So far this year, mortgage rates have peaked around 6.75% thanks to surging oil prices and fears of another wave of inflation.

But they settled down some in the past couple weeks on hopes of some sort of resolution.

Now there are renewed fears they could ramp up again due to new tensions in the fight between Iran and the U.S. and its allies.

Adding to that is labor data that has been warming up with the weather.

We’ve had a few jobs beats lately, including today’s ADP jobs report, which was the best since the beginning of 2025.

That is piling even more pressure on bond yields, which drive mortgage rates.

This Friday we get the even more important BLS jobs report for the month of May. If it too comes in hot, mortgage rates could retest recent highs.

Peace in the Middle East Matters Most for Mortgage Rates

Despite mortgage rates now facing two separate issues, a surprisingly hot economy and an unexpected war, the latter being resolved could be enough to right the ship.

I’ve long said the conflict was a very acute and direct issue with regard to mortgage rates.

They are a lot higher tody because of the war, not for any other reason.

Yes, labor has been hotter-than-expected lately, but not in a way that necessarily puts mortgage rates at major risk.

Simply put, the labor market has shown some resilience and isn’t contributing to downward pressure on interest rates due to weakness.

So that leaves the war once again as the biggest driver. That’s where your focus should be when it comes to mortgage rates.

If peace negotiators can make some headway there, mortgage rates might be able to get back closer to 6% instead of above 6.50%.

And it’s pretty much known at this point that home buyer activity increases when rates are on the lower side of 6.50%.

But assuming they move even higher due to a prolonged conflict, exacerbated by more hot jobs data, we could see home sales take yet another hit.

There have already been warnings of $150 per barrel oil, which if true, could send mortgage rates back to 7% or even higher.

(photo: Marcin Wichary)

Colin Robertson
Latest posts by Colin Robertson (see all)

Why Oracle Stock Zoomed 39.9% Higher in May


Shares of Oracle (ORCL 5.64%) shot up 39.9% in May, according to data from S&P Global Market Intelligence. After rising to over $300 a share last summer, Oracle’s stock tumbled in the ensuing quarters, falling below $150 in April amid continued concerns about its partner, OpenAI, and its market-share struggles.

Since then, it has been all sunshines and rainbows for the enterprise software and database provider that is transitioning to a cloud infrastructure player for artificial intelligence (AI). Here’s why Oracle stock made a comeback in May, and whether now is a good time to buy shares for your portfolio.

Today’s Change

(-5.64%) $-13.79

Current Price

$230.79

Betting big on OpenAI spending

Known for decades as a provider of enterprise software and database solutions, Oracle has recently pivoted to become an infrastructure provider for AI companies, specifically OpenAI. Its cloud infrastructure revenue grew by 81% in constant currency last quarter to $4.9 billion, which is rapid growth but still well below that of other AI cloud players like Amazon.

OpenAI is a key partner with Oracle, contracting for a large chunk of the business’s $553 billion in remaining performance obligations, which grew 325% year over year last quarter. With all these spending plans, investors were concerned about liquidity at OpenAI as it struggled against competitor Anthropic in early 2026.

This, in turn, spooked investors in Oracle, which is building data centers to help power OpenAI’s systems. If OpenAI cancels these contracts, Oracle’s business might be in trouble since it used massive amounts of debt to fund its infrastructure plans.

OpenAI turned a corner this Spring by raising new funds, planning for an IPO, and settling investor nerves with management claiming it is on track with its revenue targets this year. This is great news for Oracle, and why the stock rose in May along with the rest of the AI trade.

A bunch of digital files connected to each other on a global map.

Image source: Getty Images.

Is Oracle stock cheap?

Right now, Oracle’s stock trades at a price-to-earnings ratio (P/E) of 41, with $125 billion in long-term debt on the balance sheet. The company needs its partner OpenAI to keep growing revenue at an exponential rate while simultaneously raising tens of billions of dollars in its rumored IPO this year. That way, OpenAI will have the money to pay Oracle for its data center compute. If not, Oracle’s remaining performance obligations will go up in smoke.

So no, Oracle is not cheap, and it poses significant risks for investors. Stay away from the stock unless you are confident it can be a winner in the AI race.

Rakuten Offering 100% Cash Back for ExpressVPN


Get 100% Cash Back for ExpressVPN

🔄️ Update: Rakuten is now offering 100% cash back or 100X Amex/Bilt points for ExpressVPN. Cash Back is only available for new ExpressVPN users. Limited to one per member. See offer here.


ShopBack is offering an increased cash back rate for ExpressVPN. You can now earn 110% cash back when you purchase a plan, which makes this a profitable deal besides getting free VPN. I have never used ExpressVPN myself, so I’m not sure if it’s a good service or not. But it could be worth trying it out, if you also get paid $14 for it.

Offer Details

The most expensive plan that I see on their site is $139.72 for 28 Months. ShopBack will give you $153.69 back, so you are getting 28 months of free VPN and about $14 more than what you paid.

You can see the offer here. If you don’t have a ShopBack account, you can sign up now and earn up to a $45 bonus.

Guru’s Wrap-up

A Virtual Private Network (VPN) hides your IP address and creates a private connection so that your online activities can’t be tracked. In addition to the obvious benefit of protecting your identity, which can help you avoid identity theft, a VPN can also help you access materials you may not otherwise be able to see due to location restrictions. It can also be useful for getting better signup bonuses from American Express, as offer may vary based on your location among other things.

Let me know if you have used ExpressVPN and how it compares to other services!

US House votes for measure that would end Iran war, in blow to Trump




US House votes for measure that would end Iran war, in blow to Trump

Business Finance #reels #fun #customer #trending #comedy #sell #viralfood #shorts #business #Finance



Business Finance #reels #fun #customer #trending #comedy #sell #viralfood #shorts #business #Finance

source