Summer is here, and with summer comes summer Fridays, the practice of letting employees leave work early on the last day of the workweek.
 | Presented by |  | | | | Summer is here, and with summer comes summer Fridays, the practice of letting employees leave work early on the last day of the workweek. (We’re big believers at Fast Company.) A new survey over 1,000 Americans between the ages of 18-42 has unveiled a number of interesting details about how employees view summer Fridays. It found that employees overwhelmingly love this workplace perk: 86% who have summer Fridays say they want to take advantage of them, even if they have a lot of work to do. However, when it gets right down to it, 53% of employees report being exhausted on Friday, and 62% of employees report canceling plans on Friday because they’re exhausted. In other words, while employees may love leaving early for summer Fridays, they may be too burned out to enjoy the extra time. Read my story with the details here. —Shalene Gupta | | | | | |
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| NEWS | The bad-news bears are back: What you need to know |  | Investors faced steep losses for a second day in a row on Monday as markets continued to react to last week’s somber inflationary data. | |  | The S&P 500 closed down almost 4%, putting it firmly in bear-market territory. A bear market is when an index or security falls below 20% from a recent high. | |  | The tech-heavy Nasdaq, meanwhile, was down almost 5%, with tech stocks falling further and further from their high-flying days of the early pandemic—when lockdowns and shifting social habits fueled a boom in online activities. | |  | The sell-off comes in the wake of news that consumer prices rose 8.6% in May, the highest since 1981 and higher than experts had expected. Many economists now expect the United States will dip into a recession next year. | | Check out the latest news stories here. | | | | | | | |
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