Oct 19, 2021 Sign Up

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"It had long since come to my attention that people of accomplishment rarely sat back and let things happen to them. They went out and happened to things." — Elinor Smith

Good morning! Fed chair Jerome Powell, colloquially known as JPow joins the list of government officials to have made questionable trades. JPow sold $5 million worth of stock from his personal account last October, shortly before the market cratered. Apple held its "Unleashed" event yesterday and unveiled a redesigned MacBook Pro and new 3rd Gen AirPods, which are getting rid of the annoying rubber tips found in the AirPods Pro.

If you are tired of updating models manually, get in touch with Daloopa to automate your updating process.

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1. Story of the Day: Why Are People Quitting?

The Great Resignation is underway in America. According to the recent BLS data, 4.3 million American workers voluntarily left their jobs in August, equating to a record quit rate of 2.9%.

The pandemic-stricken last 18 months has given everyone plenty of time to have an existential crisis and rethink what it means to have a job. People are quitting low paying jobs for higher paying jobs and great jobs for even better jobs. People are quitting jobs to start their own businesses. Some are also quitting because they don't actually need the money – according to the Indeed Hiring Lab, 20.9% of unemployed workers say that having an employed spouse has kept them from urgently seeking work.

On the unpleasant side of the job quitting spectrum, many are quitting because of childcare issues, concerns about the spread of Covid or just because they are burned out and need time to recharge.

Short Squeez Takeaway: It's not a bad time to be an American worker. Covid-19 has given the power back to the employees, who are negotiating for higher salaries and perks like work from home. If you are looking to quit your job, here is some advice on how to get a better one from those who have done it.

Source: Axios, CNBC, Yahoo, Sam Ro

2. Markets Rundown

• Stocks ended mostly higher Monday as investors prepared for a busy week of corporate earnings.

Movers & Shakers

• (+) CDW ($CDW) +5% after it announced it would acquire Sirius Computer Solutions for $2.5 billion in cash.
• (+) Occidental Petroleum ($OXY) +4% after Truist upgraded the stock to a buy rating based on an expected jump in shareholder returns.
• (–) Zillow ($ZG) -9% after it announced it would not sign any new contracts to buy homes through the end of the year “due to a backlog in renovations and operational capacity constraints.”

3. Top Reads

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4. Book of the Day: The Elements of Choice: Why the Way We Decide Matters

Every time we make a choice, our minds go through an elaborate process most of us never even notice. We’re influenced by subtle aspects of the way the choice is presented that often make the difference between a good decision and a bad one. How do we overcome the common faults in our decision-making and enable better choices in any situation? The answer lies in more conscious and intentional decision design.

Eric J. Johnson is the lead researcher behind some of the most well-known and cited research on decision-making. He draws on his original studies and extensive work in business and public policy and synthesizes the latest research in the field to reveal how the structure of choices affects outcomes.

5. Short Squeez Picks

• Rising share of U.S. adults are living without a partner 
• Tour groups are becoming more open to solo travelers 
• Why your partner criticizes you

6. Daily Visual: Road to 1 Billion Users
Years it took to reach 1 billion active users

Source: Statista

7.  Daily Acumen: Happiness

“Happiness is not the result of bouncing from one joy to the next; researchers find that achieving happiness typically involves times of considerable discomfort. Genetic makeup, life circumstances, achievements, marital status, social relationships, even your neighbors—all influence how happy you are. Or can be. So do individual ways of thinking and expressing feelings. Research shows that much of happiness is under personal control.

Regularly indulging in small pleasures, getting absorbed in challenging activities, setting and meeting goals, maintaining close social ties, and finding purpose beyond oneself all increase life satisfaction. It isn't happiness per se that promotes well-being, it’s the actual pursuit that’s key.”

Source: Psychology Today

8. Memes of the Day

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