Q3 2024 CIO Review and Outlook

Published on October 9, 2024

Many emerging markets have delivered a robust performance this quarter amid a number of headwinds and we expect key geographies to build on that in the coming months.

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Rising Productivity Shows Economy Remains Resilient

October 9, 2024
The jobs report closed last week with robust read outs of an official number that beat economist expectations. Below the surface, however, hours worked fell to levels often associated with recessions. This juxtaposition of more workers clocking fewer hours suggests that while employment figures are up, the quantity of work didn’t expand much.

US Department of Labor sues New York City coffee shops, operators for not paying overtime to employees working at multiple locations

October 9, 2024
Date of action:     September 20, 2024 Type of action:     ComplaintDefendants:     White Noise Coffee I Corp., White Noise Coffee 2 Corp., Milk Under Café Inc., Su Hyung Kim a/k/a Vanesa Kim, and Han Flanagan. Allegations:      Following a U.S. Department of Labor Wage and Hour Division investigation, the department filed suit against a chain of New York City coffee shops operating in Manhattan a