Insider Finance - Business - WFH is crushing Middle America

The bad news just keeps rolling in over at Goldman Sachs.

Late last week, there were headlines about another big departure, the prospect of a large write-down, and questions about CEO David Solomon's future. They followed reports that Goldman Sachs is at war with itself and details about Solomon's luxury-real-estate side hustle. 

Insider's Dakin Campbell has reported extensively on Solomon's use of the private jet, which has left bank insiders grumbling. Many, many high-profile partners have left (you can see our running list here), while some remaining partners have discussed complaining about Solomon to the board. 

And then there was the botched capital raise for Silicon Valley Bank, which was later seized by regulators. US authorities are now investigating Goldman's work for the California bank in the run-up to its failure. 

All in all, not a lot of uplifting news. 

Midwestern cities are facing a crisis. They’re struggling to attract workers, residents, and visitors to their downtowns. Without people, cities like Minneapolis and Cleveland are in danger of sliding into oblivion. "The writing on the wall is not great," Karen Chapple, the director of the School of Cities at the University of Toronto, told Insider’s Eliza Relman.

Experts say that if these once shining midcentury metropolises have any hope of reversing this downward spiral, leaders need to get serious about improving amenities and boosting quality of life. 

Or else things could get even worse and these cities could risk falling into the “urban doom loop.” 

The catastrophe threatening Middle America.

It’s been a tough year for chief marketing officers. They’ve been responsible for keeping consumers spending through the economic downturn, reaching coveted Gen Z audiences, and figuring out how new technology can transform advertising.

Insider's annual list presents 25 top marketers who are confronting these big challenges, based on over 70 nominations. It features CMOs from Morgan Stanley, Mattel, and Mastercard. 

The full list.

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The Brown economist Emily Oster’s novel approach to data has turned her into a celebrity, making her a go-to for the upper middle class. Last year she was named one of Time's 100 most influential people.

Yet the antipathy Oster inspires is just as strong, with some epidemiologists, physicians, and public-health experts bristling at an economist encroaching on their turf. But none of this is slowing Oster down — if anything, she’s just getting bigger.

Read our full story here.

Less than half of Microsoft employees who answered an internal survey said they’d stay at the company if they received a comparable offer, an internal message viewed by Insider suggests. 

One screenshot of an internal discussion suggests just 47% of employees polled in May said they’d would stay in that scenario — down significantly from 70% in November.

This came after Microsoft also announced in May that it would not give out raises this year and would reduce bonus and stock awards. And now all signs point to failing morale.

Go inside the tech giant here.

Also read:

— Elon Musk, who tweeted the possibility of a fight with Mark Zuckerberg. The Meta founder took to Instagram to request a location for the bout. Now the betting odds are rolling in over who’s favored to win.

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