Happy Saturday! Today’s edition is 638 words, a 2 ½ min read.

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Today’s Big Story

More Than A Third Of Americans Worked From Home On Average in 2022.

Americans continue to work from home, even with the pandemic long behind us.

Why it matters: With over a third of the workforce staying at home, the trickle down effects on different parts of the economy have been massive.

• The demand for housing has skyrocketed, which has outpriced many homebuyers in formerly affordable suburban areas.

• With employees working from home, companies have vacated office spaces.

• Spending plummeted at businesses that cater to those office districts.

Big picture: The Bureau of Labor Statistics annual time use survey showed that 35% of American workers worked from home on an average day last year, up from 22% a decade earlier.

• 58% of Americans had the opportunity to work at home at least 1 day a week, according to McKinsey’s American Opportunity Survey.

• The work-from-home movement is more common among those with college degrees, 54% of grads work from home according to the BLS.

Yes, but: Peak work from home numbers - nearly 40% in 2021 - may be behind us.

Bottom line: A 10-second commute and working in pajamas are two work-from-home benefits that many American find non-negotiable.  

Quick Bites

Business & Economy

U.S. stock markets closed lower on Friday (S&P -0.77%, Nasdaq -0.65%, Dow -0.65%) ~ The weeks losses ended an eight-week winning streak by the Nasdaq.

More than 3,000 workers at 150 Starbucks locations will strike next week in protest of the company’s ban of Pride Month decorations at some of its cafes.

Honda is recalling 1.2 million vehicles because the rearview camera doesn’t show up on the dashboard display in some vehicles. The recall includes certain Odyssey minivans from 2018 and 2023, Pilot SUVs from 2019 to 2022, and Passport SUVs from 2019 to 2023.

World

A Chinese humans right lawyer has been forced to move 13 times in two months as part of a harassment strategy to crackdown on independent legal advocates who represent people charged with crimes against the Chinese government.

Zambia renegotiated repayment terms of its nearly $6.3bn debt. The deal could pave the wave for other debt-stricken countries to follow suit.

Russia has already built a pontoon crossing to continue to ferry supplies to troops on the Crimean peninsula. Ukraine believed it had cut off key a supply chain with a missile strike that damaged the bridge on Thursday.

US News, Politics, & Government

The Supreme Court cleared way for the Biden administration to reinstate rules instructing immigration officials to focus deportation efforts on immigrants with a criminal background or those deemed a danger to national security.

I-95 reopened in Philadelphia on Friday, just 2 weeks after a deadly collapse caused the major thoroughfare to shut down completely.

Mike Pence urges all Republicans running for president to support a 15-week federal abortion ban at minimum. 

Sports & Entertainment

A pod of orcas attacked a Dutch yacht on Thursday during the around-the-world Ocean Race.

The U.S. will host the 2025 Club World Cup. 32 soccer clubs from different FIFA regions will be included in the tournament. 

Sheldon Harnick, lyricist of Fiddler on the Roof, has died at 99.

Science, Health, & Tech

A research study estimates that more than 1.3 billion people will have diabetes by 2050. That’s double the 2021 total of 529 million.

Archaeologists discover a 4,500-year-old Stonehenge-like sanctuary in the Netherlands.

Nearly 50% of honeybee colonies in the U.S. died off last year.

Extras

An ice cream machine isn’t a good place to hide 146 pounds of cocaine.

Ranking of countries by GDP per capita in 2023. (The U.S. isn’t in the top 5)

The best drone photos of 2023.

Watch: Dancing turtle is ready for the weekend.