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• [[Los Angeles Times]]
  • PwC is set to leave downtown L.A.
    • Firm will move to Century City in 2028, another blow to area’s office rental market.
    • NEW OFFICES for PricewaterhouseCoopers will be at 2121 Avenue of the Stars, the address formerly known as Fox Plaza. Above, in 2017.
  • Xbox to eliminate 3,200 jobs amid struggles
  • Comcast’s Sky will buy unit of Britain’s ITV
    • SKY’S headquarters in London in 2017. It will pay $2.1 billion for ITV Media & Entertainment in a deal that excludes ITV Studios, which would remain separate.

• [[USA Today]]
  • America’s favorite investment is all about real estate
    • Owning property has led the survey every year since 2013
    • Gallup runs an annual poll to determine America’s most popular long-term investment. ● In nearly two decades of polling, Americans have never picked stocks. ● Financial experts routinely pick the stock market as the best investment choice for long-term gains. In the 40 years through 2025, Fidelity reports, the S&P 500 has delivered an average return of 11.5% a year. ● And yet, when Gallup has asked Americans to name “the best long-term investment” in periodic polls, stocks never have come out on top.
  • Assisted living costs are soaring
    • Medicare, Medicaid spend more than $12B
    • Middle-class families have struggled to pay for long-term care, according to a report from AARP in March.
  • Trump seeks more E15 gas sales to lower prices
    • President wants more year-round sales of blend

• [[The New York Times]]
  • Can the World’s Largest Stadium Explain the Global Economy?
    • High growth rates and surging exports in Vietnam mask deep frustrations in one of Asia’s most ambitious countries.
    • Workers outside the construction site of Hung Vuong Stadium in Hanoi, Vietnam, in May.
  • Why One Global Shipping Choke Point Isn’t a Blueprint for Another
    • The Strait of Malacca may be a model for how Oman and Iran could collect fees in the Strait of Hormuz, but the differences between the waterways are vast.
    • Some 100,000 vessels pass through the Strait of Malacca a year.
  • Xbox Hits Reset Button, Laying Off Thousands and Dropping Game Studios
    • The layoffs were part of wider cuts at Microsoft, as the company prioritizes spending on artificial intelligence.
    • Though Microsoft has invested heavily in its Xbox business, the company’s video game revenue has slumped.
  • The Chinese Company That Could Start a Trade War With Europe
    • Nuctech’s rise from a Chinese state-backed start-up to a global border-security supplier has made it a lightning rod in trade and subsidy disputes.
    • A Nuctech screening device at the company’s booth during the International Brazil Air Show in Rio de Janeiro in 2017.

• [[Wall Street Journal]]
  • Microsoft Slashes 3,000 Xbox Jobs
    • Videogame unit’s subscriptions are below expectations and revenue is down
  • Krispy Kreme Still Needs a Human Touch
    • As Krispy Kreme seeks a rebound, the company is trying to boost efficiency. But it’s found some tasks require human hands.
  • At Tesla Truck Rival, Wages, Rig Go Missing
  • Vacant Schools Are New Target For Conversion to Apartments
    • The Residences at Wells School, an apartment community in Southbridge, Mass. created within a historic junior high school.
  • Big Banks Weigh Deal To Avoid Debit-Card Fee Limits
  • Samsung Projects Huge Rise In Profit

• [[Financial Times]] 영국에 위치한 니케이 소유 회사입니다.
  • CVC reaps bene­fits of yacht­ing boom with €1bn sale of mar­i­nas oper­ator
    • CVC has agreed to sell high-end yacht marina group D-Marin for more than €1bn as a superyacht boom spurs a wave of investments in the sector.
    • D-Marin’s yacht mar­ina at Varazze in Italy. The com­pany has tripled rev­en­ues under CVC’s own­er­ship
  • US reg­u­lator’s changed course risks obscur­ing flaws in audits
    • Groups representing investors worry the PCAOB's changes could ease the pressure for self-improvement
  • Big investors bet on private credit as retail cli­ents depart
    • ▸ Insti­tu­tions back ‘closed-end’ funds ▸ Vehicles raise $16bn dur­ing quarter
    • 'Periods of volatility [are] usually the best time to invest capital because...pricing is a little wider'
  • Xbox divi­sion hard­est hit as Microsoft axes 4,800 work­ers
    • Microsoft is to cut about 4,800 jobs, around 2 per cent of its workforce, as it overhauls its Xbox division, claiming the games industry is "facing the most severe hardware crisis in its history".