Shein’s CEO and massive IPO are both incredibly secretive—and it’s because of the backlash for allegedly using forced labor to make its dirt-cheap clothing

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2158469156-e1719332977924.jpg?w=2048

Shein is seeking to list itself in London’s stock exchange, after U.S. politicians rejected NYSE listing.

https://fortune.com/2024/06/25/shein-ipo-secretive-forced-labor/


Bilt Rent Day bonus: Up to 100% bonus on Alaska Airlines transfers plus a status match

https://fortune.com/img-assets/wp-content/uploads/2024/01/GettyImages-1445970801-e1706216762699.jpg?w=2048

Bilt flipped the script to turn rent day into an opportunity to earn bonus points and take advantage of limited-time offers.

https://fortune.com/recommends/credit-cards/bilt-rent-day-bonus/


Stellantis threatens to kill production in the UK, saying the country has set sales targets for electric cars way too high

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2156418793_389689-e1719329352996.jpg?w=2048

Managing director Maria Grazia Davino said Stellantis would be forced to make discounts to meet the targets.

https://fortune.com/2024/06/25/stellantis-threatens-to-kill-uk-production-sales-targets-way-too-high/


Chili’s offers lifetime supply of free burgers

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1289252849-e1719329644933.jpg?w=2048

Among the runner-up prizes? A BurgerTime Arcade cabinet.

https://fortune.com/2024/06/25/chilis-lifetime-supply-free-burgers/


The ‘Oscars of the aviation world’ names the best airlines for 2024

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1819254568-e1719324855843.jpg?w=2048

Qatar Airways takes the crown.

https://fortune.com/2024/06/25/2024-best-airlines-qatar/


U.S. surgeon general declares gun violence a public health emergency

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1728284253-e1719328016677.jpg?w=2048

The advisory came as another weekend was marked by mass shootings in the U.S.

https://fortune.com/well/2024/06/25/gun-violence-public-health-emergency-surgeon-general/


Baby Boomers are abusing marijuana at a higher rate as more Medicare beneficiaries turn to cannabis with ‘little other safe choices for pain or sleep’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1464846316-e1718981673745.jpg?w=2048

TK

https://fortune.com/well/article/marijuana-older-adults-medicare-beneficiaries/


Chipotle offers chance to win one free meal a day

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2130940436-e1719239404482.jpg?w=2048

Celebrity Card comes with some major perks.

https://fortune.com/2024/06/25/chipotle-free-meal-a-day-celebrity-card/


Women initiate most ‘gray divorces’ despite the financial risk. Here’s what made one 69-year-old realize ‘I’m going to do it’

https://fortune.com/img-assets/wp-content/uploads/2024/06/marydiv-e1719321614402.jpg?w=2048

"Even if you give up the house and the easy chair with the shape of your butt, it’s so comforting."

https://fortune.com/2024/06/25/gray-divorce-housing/


Twitch CEO Dan Clancy sees slow and steady growth beating the ‘rocketship’ approach despite parent Amazon slashing staff

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2071882830-e1719318644882.jpg?w=2048

Twitch was forced to lay off more than 500 employees in January this year, which is about 35 percent of its headcount.

https://fortune.com/2024/06/25/twitch-ceo-dan-clancy-growth-plan/


Capsule CRM review June 2024: CRM features, pricing, and scalability

https://fortune.com/img-assets/wp-content/uploads/2024/06/Recommends_Capsule-logo-on-a-red-and-blue-frame.png?w=2048

Capsule CRM prioritizes user experience, offering a clean and intuitive interface that makes it easy for teams to collaborate and stay organized.

https://fortune.com/recommends/crm/capsule-review/


Nvidia sees over $500 billion wiped off value after shares slide—the biggest 3-day value loss for any company in history

https://fortune.com/img-assets/wp-content/uploads/2024/06/jensen-e1719315359194.jpg?w=2048

The undisputed leader in semiconductors used for AI training lost almost the equivalent of an entire Tesla since its stock peaked last week.

https://fortune.com/2024/06/25/nvidia-jensen-huang-shares-market-cap-value-shareholder-meeting/


Why the Pentagon’s overtures to the private space industry are good news for Europe

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1832183099-e1719316265632.jpg?w=2048

The world is becoming more volatile. The silver lining is that closer collaboration between the U.S. and its allies will boost to the private space sector.

https://fortune.com/europe/2024/06/25/pentagon-overtures-private-space-industry-good-news-europe-politics-tech/


Arkansas is suing pharmacy benefit managers Express Scripts and Optum, accusing them of fueling the state’s opioid crisis

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-164333927-e1719315510369.jpg?w=2048

“For at least the last two decades, defendants had a central role in facilitating the oversupply of opioids,” the lawsuit says. “Defendants ignored the necessary safeguards in order to ensure increased opioid prescriptions and sales.”

https://fortune.com/2024/06/25/arkansas-suing-pharmacy-benefit-managers-express-scripts-optum-opioid-crisis/


Maui mayor wants to restrict vacation rentals as locals suffer chronic housing shortage made worse by Lahaina fire—but economist sees ‘economic crash and burn’

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24177139224036-e1719313595998.jpg?w=2048

He wants units rented long-term to Maui locals to address a chronic housing shortage that reached a new crisis point after last August's deadly wildfire burned the homes of 12,000 residents.

https://fortune.com/2024/06/25/maui-mayor-restrict-vacation-rentals-chronic-housing-shortage-lahaina-fire/


Singapore retains its title as the most expensive city for rich people to live ‘extremely well’ while Hong Kong rises to second place, Julius Baer says

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2152338707-e1719307275611.jpg?w=2048

Cities in Asia largely dropped in the Swiss bank's cost-of-living rankings, thanks to the strong U.S. dollar.

https://fortune.com/asia/2024/06/25/singapore-retains-title-worlds-most-expensive-place-live-extremely-well-hong-kong-rises-second-place-julius-baer/


Warren Buffet-backed BYD’s ultra-affordable EVs are struggling in one market: Japan

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157616828-e1719311818622.jpg?w=2048

BYD’s sales have been lukewarm since entering the Japanese passenger vehicle market, where it faces a rebound in the popularity of hybrids and loyalty to domestic brands like Toyota.

https://fortune.com/asia/2024/06/25/warren-buffet-byd-affordable-evs-struggling-japan/


The U.K.’s wine business is booming, so much so that Britain’s largest winemaker is considering putting itself up for sale to fund expansion

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1243789635-e1719310121347.jpg?w=2048

Founded 22 years ago, Chapel Down has witnessed the U.K.’s wine business boom as climate change wreaked havoc on other traditional wine-producing hubs.

https://fortune.com/europe/2024/06/25/u-k-sparkling-wine-boom-chapel-down-sale-listing-expansion/


AI fears starting to fizzle among workers as half believe artificial intelligence will actually boost their salaries and increase job security

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1357100011-e1719309237499.jpg?w=2048

PwC’s 2024 Global Workforce Hopes & Fears Survey, which polled over 56,000 workers, reveals that many employees expect AI to enhance their jobs rather than eliminate them.

https://fortune.com/2024/06/25/ai-salary-job-security-increase-pwc-2024-global-workforce-hopes-fears-survey/


Planned Parenthood plans to spend $40m to back Biden and Democrats in bet that voters are angry at Republican efforts to restrict abortion access

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24173808362056-e1719308822123.jpg?w=2048

The group will initially target eight states, inluding Arizona, Georgia, Pennsylvania and Wisconsin, where Biden is seeking to defend 2020 victories.

https://fortune.com/2024/06/25/planned-parenthood-40-million-biden-democrats-voters-restrict-abortion-access/


Novo Nordisk plots $4.1 billion in U.S. factory amid Ozempic shortage, the same day it pulled out of its Ireland development project

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1242420939-e1719305479649.jpg?w=2048

Novo said it now plans to pour $6.8 billion into production investments this year, up from $3.9 billion in 2023.

https://fortune.com/europe/2024/06/25/novo-nordisk-plots-4-1-billion-in-u-s-factory-amid-ozempic-shortage-same-day-it-pulled-out-of-ireland-project/


WikiLeaks founder Julian Assange will plead guilty to Espionage Act charge in deal with U.S. and return home free to Australia

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24176831067720-e1719306137220.jpg?w=2048

Assange left a British prison on Monday and will appear later this week in the U.S. federal court in the Northern Mariana Islands, a U.S. commonwealth in the Western Pacific.

https://fortune.com/2024/06/25/wikileaks-founder-julian-assange-plead-guilty-espionage-act-charge-deal-us-australia/


Midwest flooding kills 2 as surging river forces evacuations and rescues: ‘7,000 square feet of very pretty, pretty things. And it’s all gone’

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24176814221422-e1719305685557.jpg?w=2048

Severe storms were forecast for Tuesday afternoon and evening with large hail, damaging winds and even a brief tornado or two in parts of western Iowa and eastern Nebraska.

https://fortune.com/2024/06/25/midwest-flooding-kills-2-surging-river-evacuations-rescues/


Biden student loan repayment plan that offers a faster path to cancellation and lower payments mostly blocked by Kansas and Missouri judges

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24177122483350-e1719302017614.jpg?w=2048

The judges’ rulings prevent the U.S. Department of Education from helping many of the intended borrowers ease their loan repayment burdens going forward under a rule set to go into effect July 1.

https://fortune.com/2024/06/25/biden-student-loan-repayment-plan-blocked-kansas-missouri-judges/


A Great Resignation 2.0 is simmering as employees feel overworked and underpaid, forcing them to look for greener pastures

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1406551774-e1719241409569.jpg?w=2048

The "Great Resignation" never really ended. But now, employees' challenges include them being overworked, underpaid and not ready for AI.

https://fortune.com/europe/2024/06/24/great-resignation-2-0-employees-feel-overworked-underpaid-pwc-hope-fears-survey/


Car dealerships are ‘going back to the basics’ and writing paperwork by hand after cyberattacks on a key software provider

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24173573478471-e1719268288598.jpg?w=2048

CDK Global, a company that provides software for thousands of auto dealers in the U.S. and Canada, was hit by back-to-back cyberattacks Wednesday.

https://fortune.com/2024/06/24/cdk-ransomware-attack-car-dealerships-paperwork-sales-orders-software-cyberattack/


65% of Americans feel deprived of vacation time. The French, who take more time off than anybody, say ‘hold my wine’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-605559113-e1719265003507.jpg?w=2048

Expedia’s survey found 93% of French people said that time off was a fundamental right.

https://fortune.com/2024/06/24/american-vacation-time-french-time-off-right-work-like-culture/


2024 real estate school review: AceableAgent

https://fortune.com/img-assets/wp-content/uploads/2024/06/Recommends_Aceable-Agent-logo-on-a-computer-screen.png?w=2048

AceableAgent's real estate agent training is the "best overall" according to Fortune's ranking.

https://fortune.com/education/articles/real-estate-school-review-aceableagent/


The CEO behind Singapore’s largest realtor thinks the city’s housing market will stay cool through the year—but he’s ‘very excited’ about 2025

https://fortune.com/img-assets/wp-content/uploads/2024/06/LOL_7125-copy-copyee-e1719210270980.jpg?w=2048

PropNex, a Singapore-based realtor, is the only real estate agency on the inaugural Fortune Southeast Asia 500.

https://fortune.com/asia/2024/06/24/propnex-ceo-ismail-gafoor-singapore-property-prices-very-excited-about-2025/


Millennials’ fast-fashion favorite Forever 21 can’t keep up with Shein’s meteoric rise: ‘It’s like comparing a mobile phone from 2000 to the newest iPhone’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1734340951_7a451b-e1719259728850.jpg?w=2048

Shein acquired one-third of Forever 21’s parent company in 2023, but retail experts say the relationship is no longer beneficial to the Chinese e-commerce giant.

https://fortune.com/2024/06/24/forever-21-shein-ecommerce-rivalry/


The best cybersecurity bootcamps of 2024

https://fortune.com/img-assets/wp-content/uploads/2024/02/GettyImages-1437761046-e1719245275711.jpg?w=2048

Fortune analyzed more than 50 bootcamps and ranked the top 10.

https://fortune.com/education/articles/best-cybersecurity-bootcamps/


Creators aren’t the only ones to lose out from potential TikTok ban: Oracle warns investors of ‘sizable’ revenue hit

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2076695817-e1719258229421.jpg?w=2048

TikTok uses Oracle’s cloud infrastructure to store and process US user data, and is considered by many Wall Street analysts to be one of the Austin-based company’s largest customers for that closely watched business. “

https://fortune.com/2024/06/24/tiktok-oracle-revenue-hit-investors/


Bankruptcy court plans to shut down Alex Jones’ Infowars and liquidate assets to pay families of Sandy Hook shooting

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1425983159-e1719257653344.jpg?w=2048

The conspiracy theorist, who has about $9 million in assets, owes $1.5 billion for repeatedly calling the Sand Hook shooting a hoax.

https://fortune.com/2024/06/24/bankruptcy-court-shut-down-alex-jones-infowars-sandy-hook-shooting-victims-families/


AI could kill creative jobs that ‘shouldn’t have been there in the first place,’ OpenAI’s CTO says

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1258711590-e1719255644157.jpg?w=2048

“I'm not an economist, but I certainly anticipate that a lot of jobs will change,” Mira Murati says.

https://fortune.com/2024/06/24/ai-creative-industry-jobs-losses-openai-cto-mira-murati-skill-displacement/


As a CEO I inadvertently inflamed emotions over political ideology. Other leaders can learn from my mistake this election year

https://fortune.com/img-assets/wp-content/uploads/2024/06/Anne-Chow-values-vs-ideology-business-leadership-e1719246681368.jpg?w=2048

Anne Chow says business leaders must bear in mind the difference between values and ideology.

https://fortune.com/2024/06/24/ceos-this-election-year-must-distinguish-between-values-and-ideology/


Amazon’s money-bleeding Alexa division could face more cuts if a paid version of its AI-enabled voice assistant flops, BofA says

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1678203313-e1719237982758.jpg?w=2048

“If Amazon does not see adoption of a paid tier…we think Amazon could cut Alexa investment further to reduce losses,” Bank of America analysts warned.

https://fortune.com/2024/06/24/amazon-ai-enabled-remarkable-alexa-paid-version-subscription-investment-cuts/


Nvidia stock is now in a correction as deepening selloff puts the AI chip giant’s market cap below $3 trillion

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2153342750-e1719245706574.jpg?w=2048

The three-day drop erased more than $400 billion from Nvidia’s market capitalization.

https://fortune.com/2024/06/24/nvidia-stock-correction-nvda-selloff-market-cap-below-3-trillion-ai-chips/


Armed with $100,000 from the Heritage Foundation, conservative group plans to out government ‘anti-American bad actors’ it believes will resist Trump

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157136568-e1719243274767.jpg?w=2048

The goal of the American Accountability Foundation is to publish a list of 100 high-ranking government employees hostile to the former president, starting with the Department of Homeland Security.

https://fortune.com/2024/06/24/heritage-foundation-federal-workers-blacklist-american-accountability-foundation/


Target’s online marketplace pales in comparison to Walmart and Amazon, and now it’s betting on a shiny new deal with Shopify to woo customers

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1843202757-e1719242072381.jpg?w=2048

The partnership will be a first for Target Plus, which has historically been a more selective platform for third-party vendors.

https://fortune.com/2024/06/24/target-online-marketplace-shopify-deal-amazon-walmart-ecommerce/


The national debt is over $34 trillion. It’s time to tell the truth about the U.S. government’s finances

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155458430.jpg?w=2048

The U.S. government will pay close to $900 billion this year just in interest payments on the national debt.

https://fortune.com/2024/06/24/national-debt-34-trillion-america-government-finances/


Krispy Kreme introduces ‘Friends’-themed doughnuts, but not in the U.S. for some reason

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-908334-e1719239324752.jpg?w=2048

They, most likely, won’t be there for you…

https://fortune.com/2024/06/24/krispy-kreme-friends-doughnut-line-uk-ireland-us/


I connect U.S. manufacturers with their workforce. A career in manufacturing provides purpose, connection, and work-life balance

https://fortune.com/img-assets/wp-content/uploads/2024/06/taylor-evans-Rust-Belt-Recruiting-e1718975509795.jpg?w=2048

With reshoring strong and white-collar workers feeling disconnected, it’s time to spotlight the positives of American manufacturing.

https://fortune.com/2024/06/24/manufacturing-careers-success-work-life-balance/


Linda Yaccarino’s right-hand man out at X as global operations chief reportedly given the sack

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2153784523-e1719230433484.jpg?w=2048

The CEO of the social media platform formerly known as Twitter is under heavy pressure by Elon Musk to turn around his loss-making company.

https://fortune.com/2024/06/24/elon-musk-twitter-linda-yaccarino-joe-benarroch-restructuring-reshuffle-management/


Treasury Secretary Janet Yellen announces $100 million fund for affordable housing financing as high home prices squeeze Americans

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24175550720770-e1719228343469.jpg?w=2048

The increased attention to home prices comes as the housing crunch becomes an increasing issue in this year's general election campaign.

https://fortune.com/2024/06/24/treasury-secretary-janet-yellen-100-million-fund-affordable-housing-financing/


Intern at Ray Dalio’s Bridgewater Associates says she was rated on a ‘microscopic’ level by a dot system which resembled ‘Black Mirror’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2154148851-e1719225152549.jpg?w=2048

"People really do care on a microscopic level and they're paying attention to you."

https://fortune.com/2024/06/24/ray-dalio-bridgewater-associates-internship-rating-system/


Travis Kelce reveals how the Taylor Swift effect helped grow his podcast business from dog food ads to being able to choose the sponsors he wants

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2005781567-e1719225381150.jpg?w=2048

The Kelce brothers share how their 'New Heights' podcast has transformed, thanks in part to Travis's high-profile relationship with popstar Taylor Swift.

https://fortune.com/2024/06/24/travis-kelce-podcast-taylor-swift-effect/


After fiery 2023 Norfolk Southern derailment left firefighters in dark about chemicals on the train, railroads must now immediately offer hazardous cargo details

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24173795320351.jpg?w=2048

Too often in past disasters like last year's fiery Norfolk Southern derailment in East Palestine, Ohio, firefighters risked their lives trying to extinguish a blaze without knowing the right way to respond.

https://fortune.com/2024/06/24/norfolk-southern-derailment-firefighters-chemicals-railroads-hazardous-cargo/


‘Uncertainty is underrated’: Here’s the real reason markets reward those who stick around

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2158113609-e1719223416419.jpg?w=2048

You may not only be underestimating uncertainty—you may also be underestimating the positive impact of embracing it.

https://fortune.com/2024/06/24/uncertainty-underrated-real-reason-markets-pay-off-investing-finance/


A Tennessee mom lost Medicaid after the state launched a Deloitte-run system that managed eligibility. Then her life turned upside down

https://fortune.com/img-assets/wp-content/uploads/2024/06/DiJuana_Davis_daughter_019-e1719005321595.jpg?w=2048

53 million Medicaid patients rely on Deloitte software—but the technology has generated notices with errors, sent paperwork to the wrong addresses, and been frozen for hours at a time, according to state audits, court documents, and interviews.

https://fortune.com/2024/06/24/a-tennessee-mom-lost-medicaid-after-the-state-launched-a-deloitte-run-system-that-managed-eligibility-then-her-life-turned-upside-down/


France at ‘risk of blackouts’ if far-right politicians introduce barriers to European power, top energy boss warns

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2150318138-e1719217327130.jpg?w=2048

According to Catherine MacGregor, CEO of utility company Engie.

https://fortune.com/europe/2024/06/24/france-risk-of-blackouts-far-right-politicians-barriers-european-power-engie-energy-boss-warns/


Car executives are the newest livestreamers taking over China: ‘Even a 60-year-old man like me has to do this’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2149511395-e1719217940902.jpg?w=2048

Xiaomi's Lei Jun and Nio's William Li are just some of the CEOs taking to Chinese social media to showcase their cars.

https://fortune.com/asia/2024/06/24/car-executives-are-newest-livestreamers-taking-over-china-xiaomi-lei-jin-nio-william-li-electric-car/


TikTok-owner ByteDance is talking with U.S. tech firm Broadcom about a possible TSMC-made AI processor

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2076431409-e1719216530110.jpg?w=2048

Sources say a new chip would comply with tough U.S. regulations designed to deny China access to advanced semiconductors, including those used for AI.

https://fortune.com/asia/2024/06/24/tiktok-owner-bytedance-talks-with-us-tech-firm-broadcom-about-tsmc-made-ai-chip/


Europe and China agree to talk about EV tariffs, a ‘first step’ to avoid a potential trade war between two of the world’s largest economies

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2158105409-e1719208640707.jpg?w=2048

The talks could help avoid a looming trade war between China and Europe which has already ensnared European brandy and pork.

https://fortune.com/asia/2024/06/24/europe-china-agree-talk-about-ev-tariffs-first-step-avoid-trade-war/


There is a best time of day to work out and it may lead to better results

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-675020527-e1719182413440.jpg?w=2048

There are several factors to consider when planning your workouts.

https://fortune.com/well/article/best-time-of-day-to-exercise/


The Fed may not be slowing the economy much after all—but rates may not go that low when it’s time to cut

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2156668214-e1719185219474.jpg?w=2048

There's a growing view in markets that the economy’s so-called neutral rate is much higher than policymakers are currently projecting.

https://fortune.com/2024/06/23/fed-rates-outlook-neutral-rate-cuts-jerome-powell-economy-bond-market/


No one can figure out what Nvidia’s revenues are actually going to be—not even the AI chip leader’s own executives

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1820547400_ae4dde-e1719182869960.jpg?w=2048

Since Nvidia’s sales began exploding, revenue has exceeded the midpoint of the company’s own forecast by an average of 13%, more than twice the average over the past decade.

https://fortune.com/2024/06/23/nvidia-revenue-forecasts-nvda-stock-artificial-intelligence-chip-sales-wall-street/


U.S. prosecutors recommend Justice Department criminally charge Boeing for violating settlement on fatal 737 Max crashes

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157608838-e1719181851597.jpg?w=2048

The federal agency determined in May that Boeing had breached a 2021 deferred-prosecution agreement that was put in place after the 737 Max crashes, which killed 346 people in 2018 and 2019.

https://fortune.com/2024/06/23/boeing-criminal-charges-justice-department-settlement-737-max-fatal-crashes/


Drone attacks commercial ship in Red Sea as U.S. aircraft carrier departs following most intense naval combat since World War II

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2097683402-e1719180627451.jpg?w=2048

The attack comes as the U.S. has sent the USS Dwight D. Eisenhower back home after an eight-month deployment that saw it lead the American response to the Houthi assaults.

https://fortune.com/2024/06/23/drone-attack-red-sea-china-commercial-ship-red-sea-aircraft-carrier-eisenhower/


Top antitrust official raises red flag on dynamic pricing and warns of biggest ‘extraction of monopoly power’ ever

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2095064700-e1719176234268.jpg?w=2048

"Companies are getting better at figuring out how to maximize profits. The more information they have about who you are and what you’re willing to pay, the more they can charge you."

https://fortune.com/2024/06/23/dynamic-pricing-warning-justice-department-antitrust-official-monopoly-power-surge-pricing/


The Wall Street strategist who nailed 2023’s stock rally sees the S&P 500 soaring more than 170% to 15,000 by end of this decade

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-866270560-e1719167986516.jpg?w=2048

"The adoption rate of AI is staggering, but the use case is important because there's a labor shortage," Tom Lee said.

https://fortune.com/2024/06/23/stock-market-outlook-sp500-15000-end-decade-tom-lee-artificial-intelligence/


Billionaires vs. millionaires: America’s wealthy are more eager than Janet Yellen to tax the super-wealthy

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-515663919-e1719159618185.jpg?w=2048

A majority of American millionaires are in favor of a proposal to require the world's billionaires to pay taxes worth at least 2% of their overall wealth every year.

https://fortune.com/2024/06/23/billionaire-wealth-tax-millionaire-top-income-rate-joe-biden-donald-trump-janet-yellen/


Formula 1 and Amazon debut AI ‘Statbot’ to personalize broadcasts as often-predictable races end up with Max Verstappen winning

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2158614521-e1719157013798.jpg?w=2048

The statbot will trawl race archives and parse torrents of real-time racing data to feed context and trivia to broadcast presenters live during the Barcelona race.

https://fortune.com/2024/06/23/formula1-amazon-artificial-intelligence-ai-statbot-personalize-broadcasts-max-verstappen/


Adidas CEO Bjorn Gulden revived the iconic sports brand by relying on gut instinct—unlike his analytical predecessor

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157812304-e1719155575319.jpg?w=2048

“He’s managing it in a more intuitive way; it’s hard to see any long-term strategic plan.”

https://fortune.com/2024/06/23/adidas-ceo-bjorn-gulden-samba-shoes-nike-rivalry-euro-2024/


U.S. joins these other countries bringing AC units to Paris Olympics despite French effort to cool rooms with pipes underneath floors

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2158802746-e1719154368507.jpg?w=2048

“As you can imagine, this is a period of time in which consistency and predictability is critical for Team USA’s performance."

https://fortune.com/2024/06/23/us-olympic-team-air-conditioning-units-paris-games-cooling-pipes/


Fed rate cuts could become more likely after key inflation report

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157341091_8edba6-e1719152860102.jpg?w=2048

“We don’t think the slower inflation print will be enough to convince officials by the time of the July FOMC meeting that inflation is on a firm trajectory down to the Fed’s 2% target.”

https://fortune.com/2024/06/23/fed-rate-cuts-outlook-inflation-reports-personal-consumption-expenditures-core-pce/


This Walmart manager makes up to $500,000 a year after starting part-time making $8 hourly. How the retail giant started to pay up

https://fortune.com/img-assets/wp-content/uploads/2024/06/Mustafa-Tovi-Walmart-thumbnail_image1.jpg?w=2048

Post-pandemic shortages mean that retail and hospitality chains start to pay six figures to stay competitive

https://fortune.com/2024/06/23/this-walmart-manager-makes-up-to-500000-a-year-after-starting-part-time-making-8-hourly-how-the-retail-giant-started-to-pay-up/


Microsoft’s Copilot will let you join 3 meetings at once, but experts say it misses the point: ‘No one has ever wanted to be in a meeting’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1482883653_8941ed-e1719003966234.jpg?w=2048

AI productivity tools could exacerbate a culture of too many meetings and no meaningful connections, management expert warns

https://fortune.com/2024/06/23/microsoft-copilot-3-meetings-ai-productivity-workplace/


Susie Wolff is upending F1’s ‘boys club’ with an all-female racing empire

https://fortune.com/img-assets/wp-content/uploads/2024/06/susie-4.jpg?w=2048

Susie Wolff is optimistic about the future of motorsports for young women, insisting “slowly but surely it's changing."

https://fortune.com/2024/06/23/susie-wolff-is-upending-f1s-boys-club-with-an-all-female-racing-empire/


Will A.I. really replace your job? Most CEOs don’t think so, says leader helping them navigate the shift

https://fortune.com/img-assets/wp-content/uploads/2024/06/RonnieShethHS-e1718999621410.jpeg?w=2048

When it comes to AI and jobs, fewer CEOs than you think are buying the hype, strategic AI advisory firm chief says.

https://fortune.com/2024/06/23/ai-replace-jobs-ceo-strategy/


Gen Z’s most notable status symbols, and the motivations behind them

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-84132291-e1718378548314.jpg?w=2048

Erewhon smoothies, thrifted Coach bags and platinum American Express cards are Gen Z's status symbols—and they signify a lot more than bank balance.

https://fortune.com/2024/06/23/gen-z-status-symbols-groceries-bags-american-express-cards/


Deel CEO was told he’d need to replace his entire leadership team for the business to reach unicorn status—now it’s valued at $12 billion and he’s ‘kept 80% of the same team as when it was at $0’

https://fortune.com/img-assets/wp-content/uploads/2024/06/Alex-Bouaziz-March24-e1718806055244.jpg?w=2048

Entrepreneurs perhaps expect to lose sleep when scaling their venture from the ground up into a unicorn—but Deel's founder Alex Bouaziz was warned he’d have to also lose his entire leadership team in the process.

https://fortune.com/2024/06/23/deel-ceo-alex-bouaziz-leadership-team-unicorn-statu-12-billion/


Russian soldiers returning home are sending crime higher, and a bigger wave could be on the way that hits the economy

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2158131460-e1719099261236.jpg?w=2048

A postwar surge in crime may cost Russia as much as 0.6% of its gross-domestic product, according to Bloomberg Economics.

https://fortune.com/2024/06/22/russia-ukraine-war-soldiers-returning-crime-wave-economic-outlook-putin/


California Democrats agree to delay minimum wage hike for health care workers, who will eventually get $25 per hour

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24174667308231-e1719097728712.jpg?w=2048

The agreement between Gov. Gavin Newsom and legislative leaders is part of a larger plan to close an estimated $46.8 billion shortfall.

https://fortune.com/2024/06/22/california-democrats-minimum-wage-hike-health-care-workers-25-per-hour/


Donald Trump endorses displaying the Ten Commandments in schools as he urges evangelical Christians to vote

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24174684485443-e1719096444214.jpg?w=2048

A new law signed in Louisiana this week requires the Ten Commandments to be displayed in every public school classroom.

https://fortune.com/2024/06/22/donald-trump-ten-commandments-public-schools-louisiana-evangelical-christians-presidential-campaign/


An AI startup that doesn’t have enough cash to settle a privacy lawsuit is giving plaintiffs a share of the company’s value instead

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24173777773293-e1719095429797.jpg?w=2048

Attorneys estimate the unusual settlement deal could be worth more than $50 million.

https://fortune.com/2024/06/22/clearview-ai-photos-privacy-lawsuit-settlement-plaintiffs-share-company-value/


Peloton keeps losing top instructors, adding pressure on the fallen fitness unicorn

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1186506893-e1719087462399.jpg?w=2048

Earlier this month, popular instructors Kristin McGee, Kendall Toole, and Ross Rayburn announced they were leaving.

https://fortune.com/2024/06/22/peloton-instructors-leaving-kristin-mcgee-kendall-toole-ross-rayburn-pton-stock/


AI automation in the workplace is about to reach a major tipping point

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1334782275-e1719082012984.jpg?w=2048

According to a survey of CFOs by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta, plans to use AI in the coming year are surging.

https://fortune.com/2024/06/22/ai-automation-companies-artificial-intelligence-replace-tasks-human-workers/


Consumer sales are flatlining, but UBS says it will drive a revival of brick-and-mortar stores as shoppers want to ‘try before they buy’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1152480217-e1719003057687.jpg?w=2048

The percentage of U.S. consumers buying online fell 3% year-over-year, according to a recent survey.

https://fortune.com/2024/06/22/consumer-sales-online-brick-and-mortar-ubs/


With multimillion-dollar homes at risk of falling into the sea, Nantucket grapples with who pays for climate projects and how much

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2128590389-e1719071545953.jpg?w=2048

If Nantucket fails to reduce coastal risks by 2070, nearly 2,400 structures are at risk from coastal flooding and erosion, with damages costing $3.4 billion a year.

https://fortune.com/2024/06/22/nantucket-housing-market-home-prices-mansions-coastal-erosion-climate-project-costs/


Tech investor who’s beating 97% of peers cuts Nvidia stake and warns that revenue relies too heavily on top customers

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155127714-e1719070409133.jpg?w=2048

Nvidia gets about 60% to 70% of revenue from its 10 largest customers, said Paul Wick of Seligman Investments.

https://fortune.com/2024/06/22/nvidia-stock-outlook-paul-wick-seligman-stake-revenue-warning/


The S&P 500 keeps beating Wall Street’s fancy investment strategies: ‘In simplicity there is beauty’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1147198353-e1719069425242.jpg?w=2048

Only 23% of equity ETFs have managed to beat the S&P 500, according to an analysis by Bloomberg Intelligence.

https://fortune.com/2024/06/22/sp500-index-fund-outperformance-equity-etf-bonds-diversification-investment-strategies/


Software company plans to pay tens of millions in ransom to hackers who crippled car dealerships across North America

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1945202627-e1719067867896.jpg?w=2048

Since CDK discovered the breach and shut off systems on June 19, chaos has ensued at many of the roughly 15,000 car dealerships that it counts as clients.

https://fortune.com/2024/06/22/cdk-ransomware-attack-payment-hackers-tens-millions-car-dealerships/


JPMorgan, BofA, Goldman, and Citi fall short in their ‘living wills,’ bank regulators warn

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1835356273-e1719066697475.jpg?w=2048

The regulators didn’t identify weaknesses in the plans from Bank of New York Mellon Corp., Wells Fargo & Co., State Street Corp. or Morgan Stanley.

https://fortune.com/2024/06/22/jpmorgan-bank-of-america-goldman-sachs-citigroup-living-wills-fdic-federal-reserve/


After making Formula 1 history, Susie Wolff is paving the sport’s on-track gender revolution: ‘I live with my elbows out’

https://fortune.com/img-assets/wp-content/uploads/2024/06/susie-4.jpg?w=2048

F1 Academy, F1’s all-women racing series, will compete at the Spanish Grand Prix in Barcelona this weekend.

https://fortune.com/2024/06/22/formula-1-f1-academy-managing-director-susie-wolff-women-motorsport-gender-barcelona-spanish-grand-prix/


8 out of 10 women change their name after marriage—they might not realize the impact it has on their careers, work relationships and job prospects

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"I have many respected mentors who would not say a peep about their personal lives, ever, because it was always on their mind of how they would be perceived professionally."

https://fortune.com/2024/06/22/women-name-change-marriage-career-relationships-impact/


Former L’Oreal exec says he told bosses to acquire a buzzy hair tech startup but they passed. 10 years later he’s now GHD CEO—and it’s selling nearly 6 products every minute

https://fortune.com/img-assets/wp-content/uploads/2024/06/Jeroen-Temmerman-ghd-CEO-1.jpg?w=2048

Jeroen Temmerman has only ever had two employers: He climbed the ranks at L’Oreal for 2 decades before taking the helm at GHD. Here's how bagged the top job.

https://fortune.com/europe/2024/06/22/ghd-ceo-jeroen-temmerman-loreal-career/


Tiger mosquitos, Asian hornets and bed bugs: What climate change means for Europe’s ‘pest demographics’ haunting the Paris Olympics

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Pests we’re likely to see more of are the ones that are best adapted to humans and our behavior—and it is our behavior that is helping them to spread.

https://fortune.com/europe/2024/06/22/tiger-mosquitos-asian-hornets-bed-bugs-what-climate-change-means-for-europes-pest-demographics-haunting-paris-olympics/


Elite matchmakers—with fees up to $300K—are coaching clients on how to navigate the dating world: It gets tricky for women over 40, experts say

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1354839495-e1718995565652.jpg?w=2048

Matchmakers can help clients avoid the time sink of funneling online or app-based profiles into possible dates.

https://fortune.com/well/article/elite-matchmaker-navigate-dating-world/


FDA OKs first menthol e-cigarettes, drawing criticism from parent groups who say the agency has ‘failed American families’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-702543303-e1719012330313.jpg?w=2048

The FDA authorized four menthol e-cigarettes from NJOY, the vaping brand recently acquired by tobacco giant Altria, which also makes Marlboro cigarettes.

https://fortune.com/well/2024/06/21/fda-oks-first-menthol-e-cigarettes/


Nvidia dethroned as world’s most valuable company after just a few days on top as $220 billion selloff sends it to third place

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155385959_1020d8-e1719010886850.jpg?w=2048

Nvidia’s market cap was about $3.1 trillion on Friday, lower than Apple Inc. at $3.2 trillion and Microsoft Corp. at $3.3 trillion.

https://fortune.com/2024/06/21/nvidia-market-cap-world-most-valuable-company-nvda-stock-selloff/


How do you pronounce ‘Nvidia’? Here’s how to say the $3 trillion company’s name, which has mythological roots

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1258366951-e1719006612663.jpg?w=2048

The first “Nvidia” was Invidia, the Roman goddess of envy.

https://fortune.com/2024/06/21/how-do-you-pronounce-nvidia-jensen-huang-origin-invidia-mythology/


Malaysia’s China-friendly stance is a bid to get its biggest trading partner to help keep the economy stable: ‘You can’t be choosy’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157665604-e1718965093752.jpg?w=2048

China and Malaysia agreed to a dozen new deals during China premier Li Qiang's trip to the Southeast Asian country earlier this week.

https://fortune.com/asia/2024/06/21/malaysia-true-friend-china-anwar-ibrahim-economic-stability-trade-tourism-israel-palestine/


How extreme heat can turn deadly: It confuses your brain, shuts down your organs, and overworks your heart

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24172798760109-e1718995159654.jpg?w=2048

As temperatures and humidity soar outside, what's happening inside the human body can become deadly.

https://fortune.com/well/2024/06/21/how-extreme-heat-affects-your-body-deadly/


Home prices jump to record high, widening the divide in the housing market between current owners and first-time buyers

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1742724596-e1718991738915.jpg?w=2048

The median sales price increased 5.8% from a year ago to a record $419,300, reflecting more sales of high-priced properties as well as multiple offers.

https://fortune.com/2024/06/21/housing-market-crisis-home-prices-record-high-existing-sales-inventory/


Olive Garden owner’s CEO says fast food is so expensive you might as well have a sit-down meal

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1573754918-e1718990067111.jpg?w=2048

McDonald’s and Wendy’s have vexed budget-conscious consumers, and chains like Chili’s and Olive Garden are ready to take advantage.

https://fortune.com/2024/06/21/olive-garden-ceo-rick-cardenas-darden-fast-food-restaurant-expensive-inflation/


Say goodbye to the 20% down payment. Zillow says you’ll need to put down roughly 35%, or almost $128,000, to afford a typical home

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1300340919-1-e1718989191620.jpg?w=2048

In Los Angeles, a median-income household would need to put roughly 80% down to afford a typical home and its monthly payments in the city, according to Zillow.

https://fortune.com/2024/06/21/zillow-buyers-need-35-down-payment-instead-of-20-typical-home-2024/


Supreme Court upholds ‘common sense’ law banning domestic abusers from gun possession in 8-1 decision

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1232481853-e1718987032236.jpg?w=2048

A week after overturning a ban on bump stocks, the court allowed a law than bans guns for people under restraining orders.

https://fortune.com/2024/06/21/supreme-court-guns-domestic-violence-rahimi/


90% of C-suite executives believe their company promotes worker well-being. Why do only 60% of workers agree?

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-100377996-e1718895624114.jpg?w=2048

The third annual Workplace Well-being report from Deloitte indicates a major gulf in understanding between executives and employees.

https://fortune.com/well/2024/06/21/worker-wellbeing-executive-knowledge-gap/


It’s going to be a brutal summer. This CDC tool will let you figure out the risk in your area

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2158153527-e1718980604738.jpg?w=2048

HeatRisk can warn you of intense temps.

https://fortune.com/2024/06/21/cdc-tool-heat-risk/


China retaliates against Lockheed Martin for arms deals with Taiwan, banning 3 top executives and key business units

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2151243516-e1718983351871.jpg?w=2048

The sanctions are largely symbolic considering military cooperation between the U.S. and China has been suspended since 1989.

https://fortune.com/2024/06/21/china-lockheed-martin-executives-business-units-ban-taiwan-arms-deal/


Nvidia is carrying the S&P 500 like no company since possibly IBM 4 decades ago, expert says: ‘It’s unheard of’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-542420512-e1718977666640.jpg?w=2048

While the index is up over 15% this year, that growth is by no means evenly shared. It's leaving portfolio managers "biting their nails."

https://fortune.com/2024/06/21/nvidia-microsoft-apple-meta-google-amazon-broadcom-ibm-index-wall-street/


I grew my business with no outside funding. Bootstrappers have an advantage over VC-backed startups—especially now

https://fortune.com/img-assets/wp-content/uploads/2024/06/Aytekin-Tank-bootstrapping-Jotform.jpg?w=2048

Bootstrappers have the luxury of focusing obsessively on their products and answering to no one, says Jotform founder Aytekin Tank.

https://fortune.com/2024/06/21/startups-funding-success-entrepreneurs-bootstrappers-venture-capital-funding/


There are now almost a billion Huawei devices in use as the U.S.-sanctioned Chinese tech firm takes Apple’s market share

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2152786656-e1718971706230.jpg?w=2048

Sales of premium Huawei smartphones climbed 72% in the first five months of 2024, Huawei consumer business chairman Richard Yu said Friday.

https://fortune.com/asia/2024/06/21/almost-one-billion-huawei-devices-in-use-apple-market-share-china-us-sanctions-harmonyos/


Nvidia single-handedly surpasses Europe’s biggest stock markets as London Stock Exchange chief promises reform to refresh U.K.’s ‘ambition’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1239763095-e1718968243749.jpg?w=2048

A decade ago, the London Stock Exchange had a significant lead, with its listed stocks collectively worth 400 times Nvidia’s value.

https://fortune.com/europe/2024/06/21/nvidia-surpasses-europes-biggest-stock-markets-london-stock-exchange-reform-u-k-ambition/


Jamie Dimon believes U.S. public debt is the ‘most predictable crisis’ the economy faces—and yet in just 3 months America has added $2.1 trillion to its tab

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2149301014-e1718966839697.jpg?w=2048

Debt held by the public will rise from 99% of GDP this year to 122% by 2034—surpassing its previous high of 106% in 1946 at the end of the Second World War.

https://fortune.com/2024/06/21/jamie-dimon-national-debt-crisis-government-cbo-bill-add/


Trump proposed excluding tips from federal taxes.  Here’s what that would mean for workers’ take-home pay—and budget deficits

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24170801520926-e1718964303726.jpg?w=2048

The Committee for a Responsible Federal Budget, a fiscal watchdog group, has estimated that exempting tips from both income and payroll taxes would reduce federal revenues by $150-$250 billion over the next decade.

https://fortune.com/2024/06/21/trump-excluding-tips-federal-taxes-workers-take-home-pay-budget-deficits/


In Spain, where one in five toddlers aged 3 or 4 owns a smartphone, thousands of parents have united to say ‘no’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-904540638-e1718962260724.jpg?w=2048

The push to control smartphones in Spain comes amid a surge in cases of children viewing online pornography, sharing videos of sexual violence, or in creating deepfakes.

https://fortune.com/europe/2024/06/21/europe-one-in-five-toddlers-3-or-4-owns-smartphonethese-parents-have-united-to-say-no-spain-deepfakes-ai/


Mothers are back at work. Here’s why we shouldn’t be too quick to celebrate

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1520603528-e1718962183926.jpg?w=2048

In the absence of a social safety net, moms end up filling low-wage, no-benefit, dead-end jobs in retail, food service, home health, and childcare.

https://fortune.com/2024/06/21/mothers-back-work-celebrate-labor-jobs-women-economy/


Why going cashless has turned Sweden from one of the safest countries into a high-crime nation

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1037652702-e1718960722760.jpg?w=2048

In just a decade fraud has almost doubled from just under 9,000 to over 23,000 in 2023.

https://fortune.com/europe/2024/06/21/why-going-cashless-has-turned-sweden-from-one-of-the-safest-countries-into-a-high-crime-nation/


Just days after striking a deal with Apple, Santander now in partnership talks with Amazon over Euro-wide consumer finance

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1239407382-e1718959802735.jpg?w=2048

The plan is to roll out the consumer finance partnership in Germany first and expand it to other European countries.

https://fortune.com/europe/2024/06/21/just-days-after-striking-a-deal-with-apple-santander-now-in-partnership-talks-with-amazon-over-euro-wide-consumer-finance/


TikTok letter blasts the Biden administration for ‘political demagoguery’ as the 2 sides prepare for one of the biggest legal battles in tech and internet history

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24170748707484-e1718958986468.jpg?w=2048

Internal documents provide details about negotiations between TikTok and the Committee on Foreign Investment in the United States, a secretive inter-agency panel that investigates corporate deals over national security concerns.

https://fortune.com/2024/06/21/tiktok-letter-biden-administration-political-demagoguery-legal-battles-cfius-ban/


How a German Olympian helped take on CrossFit to build Hyrox, the next-generation fitness race with 34,000% growth

https://fortune.com/img-assets/wp-content/uploads/2024/06/12474_BEB6_00063.jpg?w=2048

Hyrox has grown exponentially in just seven years, attracting average gym-goers, accomplished athletes, and CrossFit enthusiasts alike.

https://fortune.com/europe/2024/06/21/german-olympian-moritz-furste-crossfit-hyrox-next-generation-fitness-race-34000-growth/


Five men were convicted for running Jetflicks, a low-cost streaming service that amassed more TV shows than Netflix, Hulu, and Amazon Prime combined

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1827671580-e1718933076777.jpg?w=2048

The illegal service, which offered access to popular series like Game of Thrones, only cost 9.99 per month, according to court documents.

https://fortune.com/2024/06/20/five-men-were-convicted-for-running-jetflicks-a-low-cost-streaming-service/


America’s kids are going hungry over the summer because their parents can’t afford food

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1369324855.jpg?w=2048

A new survey revealed that 41% of parents struggle in some way to provide food when school is closed.

https://fortune.com/well/article/americas-kids-hungry-over-summer/


Thousands of car dealerships in limbo during peak-buying season after second cyberattack wallops industry

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1418734387-e1718924355507.jpg?w=2048

CDK informed customers Thursday of the incident, which occurred late the prior evening.

https://fortune.com/2024/06/20/thousands-of-car-dealerships-in-limbo-during-peak-buying-season/


Nvidia is now the most valuable company in the world. Here’s how it went from a Denny’s booth to cornering the AI chip market

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1258356102-e1718922267443.jpg?w=2048

The juggernaut that controls 90% of AI-critical semiconductors passed Apple and Microsoft to be worth $3.23 trillion.

https://fortune.com/2024/06/20/nvidia-most-valuable-company-in-the-world/


For CFOs, AI is the newest tool in their arsenal

https://fortune.com/img-assets/wp-content/uploads/2024/06/CFO-Daily-Scott-Heren-Joy-Mbanugo-Naeem-Ishaq.jpg?w=2048

Chief Financial Officers see enormous potential in AI to predict revenue, automate routine tasks and save money.

https://fortune.com/2024/06/20/for-cfos-ai-is-the-newest-tool-in-their-arsenal/


Morgan Stanley says ‘crown jewel’ of Citi is worth half the bank’s value

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1831387788.jpg?w=2048

After attending an investors day at Citi, Morgan Stanley analysts valued the bank's services segment at $56 billion.

https://fortune.com/2024/06/20/morgan-stanley-says-crown-jewel-of-citi-is-worth-half-the-banks-value/


Nearly half of Dell’s full-time workforce in the U.S. has rejected returning to the office. They’d rather work from home than get promoted

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1300311961-e1718919331836.jpg?w=2048

The remote-work rebellion continues at Dell after the tech giant implemented a strict return-to-office mandate earlier this year.

https://fortune.com/2024/06/20/dell-employees-work-from-home-return-office-promotion/


Anyone still skeptical about the ‘Caitlin Clark effect’ should check out the record ticket prices for her matchup against Angel Reese on Sunday

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157848123-e1718917378956.jpg?w=2048

It’ll cost more to see the Indiana Fever-Chicago Sky matchup than a home game for either the Bulls or the Bears last season.

https://fortune.com/2024/06/20/caitlin-clark-angel-reese-ticket-prices-record-wnba/


Selling a home is expensive, too. Homeowners spend $55,000 on average to sell their properties

https://fortune.com/img-assets/wp-content/uploads/2024/06/Real-Estate-26_68e556.jpg?w=2048

The NAR settlement could change seller costs, but it might burden buyers.

https://fortune.com/2024/06/20/selling-a-home-is-expensive-spend-55000-on-average/


Milk Bar founder Christina Tosi thought she’d be an accountant. Now she’s a James Beard Award-winning pastry chef—and she urges ‘drinking failures up for breakfast’

https://fortune.com/img-assets/wp-content/uploads/2024/06/milk-bar-still-1.jpg?w=2048

Tosi, 42, counts Taylor Swift among the fans of her "modern classic" desserts, including famous birthday cake truffles.

https://fortune.com/2024/06/20/christina-tosi-milk-bar-founder-interview-profile-james-beard-success-failure/


It’s starting to look like using smartphones in schools will be the new smoking in the bathroom

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1344305439-e1718910961181.jpg?w=2048

Smartphone bans in schools, while hard to enforce, are meant to improve childrens’ mental health and focus in the classroom.

https://fortune.com/2024/06/20/smartphones-in-schools-new-smoking-in-the-bathroom-surgeon-general-vivek-murthy-california-gavin-newsom/


Billionaire Melinda French Gates endorses a presidential candidate for the first time ever

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1258986825-e1718909442864.jpg?w=2048

“While Trump has boasted about rolling back the rights of women, Biden understands that the future of our country depends on them,” French Gates wrote in an op-ed published today.

https://fortune.com/2024/06/20/french-gates-endorses-presidential-candidate-first-time-ever/


Elon Musk’s latest plan to add Venmo-like payments to X excludes crypto

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2158243760-e1718895576557.jpg?w=2048

New details have emerged of Musk's plans to launch X Payments, part of a bid to create "an everything app."

https://fortune.com/crypto/2024/06/20/elon-musk-venmo-x-digital-wallet-payments-superapp/


Beware finance bros: AI is coming for banking before any other kinds of jobs, Citigroup warns

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1020085180-e1718905308515.jpg?w=2048

AI will “profoundly change money,” Citigroup says, and create plenty of “losers" along the way.

https://fortune.com/2024/06/20/ai-coming-for-banking-financial-services-citigroup/


I’ve been practicing medicine at a renowned institution for 40 years. Society isn’t ready for us to reverse the aging process across an entire population

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-sb10065216f-003-e1718903469142.jpg?w=2048

Dr. Joel Geiderman is convinced there is a biological mechanism that triggers the onset of aging and with enough research, we will discover what it is. Sooner, rather than later.

https://fortune.com/2024/06/20/reverse-aging-health-longevity-implications-society/


Nvidia stock surge: How much a $1,000 investment 10 years ago would be worth today

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155389188-e1718899281473.jpg?w=2048

Nvidia recently surpassed Microsoft and Apple to become the world's most valuable public company.

https://fortune.com/2024/06/20/nvidia-stock-surge-investment-10-years-ago-ai-artificial-intelligence-chips-semiconductors/


Bill Gates and Mark Cuban swear that failure helped build their billion-dollar ideas, but new research says making mistakes isn’t actually a key to success

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155365541-e1718806809851.jpg?w=2048

Optimism bias may be harming our resilience, according to a Northwestern researcher.

https://fortune.com/well/article/benefits-failure-overrated-mistakes-resilience/


Nvidia, now the most valuable company on Wall Street, is buoying indexes to record levels despite weaknesses in the economy

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155386205_f0e28c-e1718900158689.jpg?w=2048

The S&P 500, Dow Jones Industrial Average, and Nasdaq composite were all up around 0.2% after the chip maker's stick price rose 2.8%.

https://fortune.com/2024/06/20/nvidia-most-valuable-company-on-wall-street-buoying-indexes-to-record/


For the first time, used EV prices fall below those of gas cars

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1963458442-e1718892211109.jpg?w=2048

And the gap is getting wider.

https://fortune.com/2024/06/20/used-ev-prices-fall-gas-cars/


McDonald’s releases a new $5 value meal to win back customers

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2126127223-e1718892171550.jpg?w=2048

Customers have been altering habits as prices increase.

https://fortune.com/2024/06/20/mcdonalds-5-dollar-value-meal/


To ‘respect the rule of law,’ Louisiana governor signs law requiring all public school classrooms to display the Ten Commandments

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24171685421476-e1718895635286.jpg?w=2048

“If you want to respect the rule of law, you've got to start from the original lawgiver, which was Moses,” Jeff Landry said.

https://fortune.com/2024/06/20/ten-commandments-school-louisiana-law/


Design software companies are giving AI a redesign

https://fortune.com/img-assets/wp-content/uploads/2024/05/Canva-Melanie-Perkins-GettyImages-2153726320.jpg?w=2048

Canva, Adobe, and Figma consider how they think about creating AI tools that are responsible, can be embraced by creatives, and don’t infringe on IP or showcase bias.

https://fortune.com/2024/06/20/design-software-companies-are-giving-ai-a-redesign/


Photoroom CEO: I’m watching AI change not just how we edit photos, but who edits them. The ‘who’ will change in other fields, too

https://fortune.com/img-assets/wp-content/uploads/2024/06/Matthieu-Rouif.png?w=2048

AI empowers more people to do something they couldn’t easily do before—which means the reshaping of industries, says Matthieu Rouif.

https://fortune.com/2024/06/20/ai-democratizes-technology-reshaping-industries/


My Apple Vision Pro turned me into a bona fide Glasshole, again

https://fortune.com/img-assets/wp-content/uploads/2024/06/PJ-Stephen-Valtech-Apple-Vision-Pro-e1718747741849.jpg?w=2048

Such headsets have given PJ Stephen only one repeated use case: showing it to people who’ve never seen it before.

https://fortune.com/2024/06/20/apple-vision-pro-mixed-reality-headset-technology-glasshole-again/


1-in-4 millennial workers would quit their jobs over a single out-of-hours demand from their boss, new study finds

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1425921335-e1718880423755.jpg?w=2048

A quarter of millennial workers would quit their jobs over just one out-of-hours-demand from their boss, recruitment platform Reed warns

https://fortune.com/2024/06/20/millennial-workers-quit-jobs-single-out-of-hours-demand-from-boss-reed/


Kevin Costner admits it was ‘selfish’ to cast his son in upcoming movie ‘Horizon’—but insists the 15 year old isn’t a nepo baby

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2153640393-e1718879448712.jpg?w=2048

"I have not shoved my children into the business. I realize there's so many young actors out there that would just kill to be in this movie."

https://fortune.com/2024/06/20/kevin-costner-hayes-son-horizon-casting-family-bonding/


Online-only retailer Asos blames 'detrimental' virtual meetings, ordering staff back to the office to lift performance after making $150 million in losses

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1398359300-e1718880396571.jpg?w=2048

Asos added that there was a “very real need” for people to touch and feel clothes, which was “impossible virtually.”

https://fortune.com/europe/2024/06/20/online-only-retailer-asos-detrimental-virtual-meetings-back-to-office-150-million-loss/


Warhammer maker gives its ‘unique, and often quirky’ staff $8,600 each

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1238807547-e1718876919642.jpg?w=2048

Games Workshop is paying $22.9 million to its workers as reward for a double-digit profit boost last year.

https://fortune.com/europe/2024/06/20/warhammer-maker-gives-its-unique-and-often-quirky-staff-8600-bonus-each-as-thanks-for-sales-surge/


Boeing 737 Max crash victims' families ask the Justice Department to fine the planemaker $25 billion

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157604904-e1718877910658.jpg?w=2048

That amount is “legally justified and clearly appropriate,” Paul Cassell, an attorney who represents 15 victims’ families, said in a letter sent to the DOJ on Wednesday.

https://fortune.com/2024/06/20/boeing-737-max-crash-victims-families-justice-department-fine-planemaker-25-billion/


Tropical Storm Alberto—the first named one of the season—leaves 3 dead

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24171803905147-e1718875163821.jpg?w=2048

Late Wednesday, Alberto was located about 135 miles east of Tampico, Mexico, and about 320 miles south-southeast of Brownsville, Texas.

https://fortune.com/2024/06/20/tropical-storm-alberto-the-first-named-one-of-the-season-leaves-3-dead-but-also-brings-hope-to-a-region-suffering-severe-drought/


British billionaire Jim Ratcliffe says he’s got ‘more accountants than sporting people’ at Manchester United

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2154616272-e1718874462436.jpg?w=2048

“We’ve got more accountants than we’ve got sporting people at Manchester United,” Ratcliffe said.

https://fortune.com/europe/2024/06/20/british-billionaire-jim-ratcliffe-premier-league-manchester-united-future/


Massachusetts installed a firewall designed to prevent cyberattacks and hacking—instead it caused a 911 outage

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24170693436477-e1718873708291.jpg?w=2048

Massachusetts' 911 system was down for about two hours Tuesday, making it impossible for anyone to reach emergency services using the emergency number.

https://fortune.com/2024/06/20/massachusetts-firewall-prevent-cyberattacks-hacking-911-outage/


Klarna rival Zilch raises $127 million ahead of IPO

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2156749419-e1718872100912.jpg?w=2048

CEO Philip Belamant will consider Nasdaq, the New York Stock Exchange and the London Stock Exchange.

https://fortune.com/europe/2024/06/20/klarna-rival-zilch-raises-127-million-ahead-of-ipo-uk-us-lse-nyse/


Over 3,000 nurses in Oregon strike for better wages and staffing levels

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24171747640943-e1718872395624.jpg?w=2048

Nurses are striking at six Providence medical facilities across the state — from St. Vincent Medical Center in Portland in the north down to the Medford Medical Center in the south.

https://fortune.com/2024/06/20/3000-nurses-oregon-strike-better-wages-staffing-levels/


Snapchat will pay $15 million to settle California suit

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24171782631672-e1718871700290.jpg?w=2048

The agreement resolves a more than three-year investigation over claims that the Santa Monica, Calif.-based company discriminated against female employees when it came to pay and promotions.

https://fortune.com/2024/06/20/snapchat-15-million-california-suit-discriminated-female-employees-sexual-harassment/


AI boom makes European universities the new Harvard and Stanford for tech talent

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2154160963-e1718803075820.jpg?w=2048

Mistral CEO Arthur Mensch’s Parisian alma mater is a breeding ground for France’s $2.3 billion AI talent boom.

https://fortune.com/europe/2024/06/20/ai-boom-means-europes-universities-are-becoming-the-new-harvard-and-stanford-for-finding-tech-talent/


The secrets of success with Paul Hudson, CEO of Sanofi

https://fortune.com/img-assets/wp-content/uploads/2024/06/Paul-Hudson_Sanofi-CEO-Agenda.jpg?w=2048

Today we meet with British CEO Paul Hudson to find out how he plans to build the Sanofi of tomorrow.

https://fortune.com/europe/2024/06/20/ceo-agenda-paul-hudson-ceo-pharma-sanofi/


First tropical storm of hurricane season, Alberto, forms in the Gulf of Mexico: 'People underestimate the power of water'

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24171543877469-e1718825992625.jpg?w=2048

Alberto, which is bringing strong winds, heavy rainfall and some flooding along the coasts of Texas and Mexico, is expected to make landfall in northern Mexico on Thursday.

https://fortune.com/2024/06/19/tropical-storm-albeto-hurricane-season/


'The Chiefs and the Royals are using us': Kansas politicians have doubts about paying for Super Bowl champs' stadium, but proceed anyway

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1996273255.jpg?w=2048

Legislators approved a plan Tuesday to lure the Chiefs and MLB's Royals away from Missouri.

https://fortune.com/2024/06/19/kansas-city-chiefs-royals-stadium-public-funding/


‘Sometimes, the facts don’t matter’: Attacks on DEI are an anti-capitalist war on American prosperity

https://fortune.com/img-assets/wp-content/uploads/2024/02/GettyImages-1218018714-e1708108151221.jpg?w=2048

Corporate America has a chance at self-interested redemption by shifting from the demonized term DEI to fundamental fairness.

https://fortune.com/2024/06/19/facts-matter-attacks-on-dei-anti-capitalist-war-american-prosperity/


Failure is overrated, new study says. Here’s why making mistakes isn’t as key to success as you might think

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155365541-e1718806809851.jpg?w=2048

Optimism bias may be harming our resilience, according to a Northwestern researcher.

https://fortune.com/well/article/benefits-failure-overrated-mistakes-resilience/


Staff handed frozen towels and water misters as millions of Americans attempt to navigate record heatwave and humidity

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24170462517339-e1718808731498.jpg?w=2048

The dangerous temperatures were expected to peak in the eastern Great Lakes and New England on Wednesday and Thursday, and in the Ohio Valley and Mid-Atlantic on Friday and Saturday, the National Weather Service said.

https://fortune.com/2024/06/19/american-tourists-schools-navigate-heatwave-public-services-shut/


Elon Musk told advertisers to go f*** themselves last year—today in Cannes he explained why

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2158238458-e1718806678163.jpg?w=2048

Musk began his apology tour at the Cannes Lions conference this week. “I do shoot myself in the foot from time to time,” he said.

https://fortune.com/europe/2024/06/19/elon-musk-advertisers-apology-cannes-lions-x/


JPMorgan joins Goldman Sachs in axing cap on bankers' bonuses in the UK so it can 'appropriately' reward its highest performers

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1806232682-e1718806216258.jpg?w=2048

“Fixed pay will remain very competitive, and we will have ample room to reward the highest performers appropriately,” a JPMorgan spokesman said.

https://fortune.com/europe/2024/06/19/jpmorgan-goldman-sachs-scraps-cap-bankers-bonuses-uk/


Here's when Medicare will cover breast reduction surgery

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-482144947-e1718804915261.jpg?w=2048

A growing number of women 65 and over are pursuing breast reduction surgery.

https://fortune.com/well/article/does-medicare-cover-breast-reduction-surgery/


Bank of America tells Detroit’s Big 3 they can’t make money in China and should just leave the hypercompetitive car market ‘as soon as they possibly can’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157258913-e1718799841586.jpg?w=2048

BoA argues GM, Ford and Stellantis either face a future of funding continued losses in China or they can redeploy resources to finally become competitive with Tesla—but they can't do both.

https://fortune.com/2024/06/19/elon-musk-tesla-china-carmakers-gm-ford-stellantis-bank-of-america/


Sleuthing L.L. Bean heiress discovered trees at her seaside home in Maine had been poisoned—now her neighbors have been fined $1.7m for their new ocean view

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24164705581986-e1718801615943.jpg?w=2048

Wealth and hubris fuel the tale of a politically connected Missouri couple who allegedly poisoned their neighbor’s trees to secure their million-dollar view of Camden Harbor.

https://fortune.com/2024/06/19/gorman-bond-maine-seafront-property-poisoned-tree-investigation/


Dollar Tree left lead-tainted applesauce pouches on store shelves for 2 months

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24170655692417.jpg?w=2048

The FDA sent a warning letter to Dollar Tree this month and placed Negasmart, the Ecuadorian distributor of WanaBana apple cinnamon pouches, under import alerts.

https://fortune.com/2024/06/19/dollar-tree-lead-tainted-applesauce-pouches-recall-fda/


U.S. suspended avocado inspections in Mexico's biggest exporter of them because 2 inspectors were assaulted and held captive

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24170640038425-e1718795836740.jpg?w=2048

Ambassador Ken Salazar said in a statement that the assault occurred while the employees were inspecting avocados in Michoacan. He said they were no longer being held.

https://fortune.com/2024/06/19/us-suspended-avocado-inspections-mexico-biggest-exporter-2-assaulted-captive/


Rich Gen Zers and millennials are investing in jewelry, sneakers and fine wine instead of traditional assets, says Bank of America

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2147826959-e1718792996834.jpg?w=2048

And they feel better than anyone else about the state of the economy.

https://fortune.com/2024/06/19/rich-gen-z-millennials-investing-jewelry-sneakers-fine-alcohol-bank-of-america/


Prada bosses want to be more like Gen Z because ‘when you get older, you overthink and limit yourself’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1427645890-e1718791344120.jpg?w=2048

The bosses at Prada disagree want to be more Gen Z. Why? Because 'youth is the future'.

https://fortune.com/2024/06/19/prada-bosses-miuccia-prada-raf-simon-gen-z-older-overthink-limit/


Lowe's CEO went from earning $4.35 an hour at Target to being one of only 8 Black Fortune 500 CEOs with this strategy

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1240404419-e1718737224478.jpg?w=2048

“I had to find a way to differentiate myself,” Marvin Ellison said.

https://fortune.com/2024/06/19/lowes-ceo-went-from-min-wage-to-ceo/


Austrian heiress Marlene Engelhorn just wrote away her $27 million fortune

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1925384592-e1718789436241.jpg?w=2048

Engelhorn's wealth, which she inherited from her grandmother in 2022, was "contradicting every democratic principle," she said.

https://fortune.com/europe/2024/06/19/austrian-heiress-marlene-engelhorn-basf-taxing-the-rich-philanthropy-27-million-wealth-fortune/


As EV competition heats up, Jaguar races to revive new Freelander EVs

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-84277949-e1718787581702.jpg?w=2048

Jaguar Land Rover and China’s Chery Automobile Co. agreed to license the Freelander brand in order to create a new lineup of EVs.

https://fortune.com/europe/2024/06/19/ev-competition-heats-up-jaguar-races-to-revive-freelander-evs-but-in-china-worlds-biggest-auto-market/


Luxury handbag and apparel sales are set to stall because of price hikes and a 'self-inflicted' creativity crisis, Bain study says

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157961759-e1718787614421.jpg?w=2048

Bain partner Claudia D’Arpizio says “tweaks” are needed on strategy and price points, adding that “you can’t grow without the middle class and younger generations.”

https://fortune.com/2024/06/19/luxury-handbag-apparel-sales-stall-price-hikes-creativity-crisis-bain-study/


California fines Amazon $5.9 million

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24170718990223-e1718786845192.jpg?w=2048

Amazon was fined $1.2 million at a warehouse in Redlands and $4.7 million at another in nearby Moreno Valley.

https://fortune.com/2024/06/19/california-fines-amazon-6-million-warehouse-employees-undisclosed-quotas-safety-risk/


Boeing CEO David Calhoun accused of ‘strip-mining’ the company for profit as Senators attack safety scandals at planemaker

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24170654952889-e1718786090727.jpg?w=2048

The tone of the hearing was set when the panel released a 204-page report with new allegations from a whistleblower who said he worries that defective parts could be going into 737s.

https://fortune.com/2024/06/19/boeing-ceo-david-calhoun-strip-mining-company-profit-senators-safety-scandals-planemaker/


Japan's exports last month grew at the fastest rate since November 2022, thanks to the weak yen

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2153537926-e1718780800484.jpg?w=2048

Japan's exports grew by 13.5% in May, driven by double-digit growth in shipments of Japanese vehicles, electronics and machinery.

https://fortune.com/asia/2024/06/19/japan-exports-may-grew-fastest-rate-since-november-2022-weak-yen/


Sweden's ambitious plan for nuclear power expansion by 2035 is under threat as deadlines loom

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2156632526.jpg?w=2048

Sweden is in dire need of new power capacity as demand is projected to double with the electrification of the economy in the coming decades

https://fortune.com/europe/2024/06/19/swedens-ambitious-plan-for-nuclear-power-expansion-by-2035-is-under-threat-as-deadlines-loom/


A 45-year-old Los Angeles man was charged in a $50 million scheme to launder Mexican cartel money

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1704943240-e1718762947348.jpg?w=2048

The four-year investigation, “Operation Fortune Runner,” yielded 300 pounds of cocaine, 44 pounds of magic mushrooms, and 3,000 pills of Ecstasy, authorities said.

https://fortune.com/2024/06/18/45-year-old-los-angeles-man-charged-cartel-luxury-china/


Boeing CEO Dave Calhoun admits 'something went wrong' after a worker who flagged a safety issue got 40 manager calls in a two days

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157615689-e1718749557757.jpg?w=2048

The outgoing CEO tried to persuade a Senate committee that Boeing was serious about safety in the wake of a series of in-flight incidents

https://fortune.com/2024/06/18/boeing-ceo-dave-calhoun-admits-mistakes/


France's soaring debt could lead to calls to leave the EU, a top bank warns

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2147916941-e1718746685230.jpg?w=2048

Far-left and far-right parties from the political fringes have proposed economic plans that centrist figures ripped as excuses to exit the European Union.

https://fortune.com/2024/06/18/france-elections-emmanuel-macron-european-union-debt-economy-inflation-unemployment/


Raising Cane's managers now make $175,000 as new laws and shortages push fast-food salaries to six figures

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-476810319-e1718742268349.jpg?w=2048

Post-pandemic retention issues and California’s mandatory pay law means that the infamously underpaying sector is finally paying up, coughing up six figures in some cases.

https://fortune.com/2024/06/18/raising-canes-managers-salary-six-figures-fast-food/


Nvidia surges to become Wall Street's most valuable company as stock indexes hit new highs

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155127671-e1718743764173.jpg?w=2048

Nvidia was the strongest force pushing the S&P 500 upward as it lifted its total market value further above $3 trillion.

https://fortune.com/2024/06/18/nvidia-market-cap-most-valuable-stock/


Shein’s CEO is so low-profile that even his own employees don’t recognize him

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-94740644-e1718742188992.jpg?w=2048

That could change as Shein gears up to go public.

https://fortune.com/2024/06/18/shein-ceo-xu-yangtian-chris-sky-low-profile-employees-dont-recognize-him/


Older women's health is woefully understudied

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1404207550-e1718738937634.jpg?w=2048

The health of older women is a largely neglected group in medical research.

https://fortune.com/well/2024/06/18/older-women-health-understudied/


Why the CEO of GE Appliances is welcoming the public into the company's R&D lab

https://fortune.com/img-assets/wp-content/uploads/2024/06/Kevin-Nolan.jpg?w=2048

Co-host Alan Murray signs off from the podcast for the last time.

https://fortune.com/2024/06/18/why-the-ceo-of-ge-appliances-is-welcoming-the-public-into-the-companys-rd-lab/


Lowe's CEO went from earning $4.35 an hour at Target to being one of the only 8 Black Fortune 500 CEOs with this strategy

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1240404419-e1718737224478.jpg?w=2048

I had to find a way to differentiate myself,” Marvin Ellison said.

https://fortune.com/2024/06/18/lowes-ceo-went-from-min-wage-to-ceo/


YouTube star Marques Brownlee says people shouldn't blame him for Fisker going bankrupt—'they were doomed long before any of my videos'

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1259137714-e1718735048131.jpg?w=2048

"It's sad news because we (always) need more competition in the EV space," Brownlee added.

https://fortune.com/2024/06/18/marques-brownlee-fisker-bankruptcy-doomed-before-my-mkbhd-videos/


How technology can help solve America’s health care accessibility crisis

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Collaboration between health care technology companies and providers can free up doctors and nurses to spend more time with patients.

https://fortune.com/2024/06/18/vital-signs-americas-health-care-crisis-and-the-imperative-of-accessible-care/


In the understatement of 2024 so far, Boeing’s CEO says his company has been ‘far from perfect’ after a litany of safety snafus

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1953489243-e1718732474334.jpg?w=2048

The hearing is the first, and perhaps only time Calhoun will testify publicly on Boeing’s safety issues before he steps down

https://fortune.com/2024/06/18/boeing-ceo-testimony-far-from-perfect/


Why Gen Z and millennials just aren't that into stocks and bonds

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1453953453-e1718727120541.jpg?w=2048

Gen Z and millennials are investing one-third of their portfolios in alternative investments and cryptocurrencies, a new survey has found.

https://fortune.com/crypto/2024/06/18/gen-z-millennials-stocks-bonds-crypto-hedge-funds-alternative-investments/


Chinese government launches retaliatory pork probe in response to EV taxes—'Risk of a global trade conflict is rising further'

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“We must avoid an escalation of trade countermeasures,” said Spanish Economy Minister Carlos Cuerpo.

https://fortune.com/2024/06/18/chinese-government-launches-retaliatory-pork-probe/


The unstoppable American consumer slowed in May as retail sales barely budged

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1262623637-e1718726139497.jpg?w=2048

High interest rates and high prices on groceries and other necessities are curbing consumer spending.

https://fortune.com/2024/06/18/consumer-spending-may-retail-sales/


The NFL is facing a class action suit over its Sunday Ticket package

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2004241460-e1718720780492.jpg?w=2048

Class-action suit says league broke antitrust rules.

https://fortune.com/2024/06/18/nfl-sunday-ticket-lawsuit/


Texas colleges modify or put holds on 131 scholarships due to DEI ban

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Included among those: Memorial scholarships.

https://fortune.com/2024/06/18/texas-college-scholarships-dei-ban/


Record 9,500 millionaires expected to leave the U.K. this year

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1500854679-e1718721076525.jpg?w=2048

A "perfect storm" of Brexit fallout, political uncertainty, and a clampdown on tax avoidance is causing the U.K.'s wealthy to take flight.

https://fortune.com/europe/2024/06/18/record-9500-millionaires-expected-leave-uk-bid-protect-wealth-political-upheaval/


The common investing mistake that could cost your retirement

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1131724309-e1718654995827.jpg?w=2048

New research finds nearly 60% of workers who are not contributing to their 401(k) think they are.

https://fortune.com/2024/06/18/the-common-mistake-that-could-cost-you-your-retirement-heres-how-to-make-sure-youre-really-contributing-to-a-401k/


America first declared war on cancer half a century ago. Today’s regulatory hurdles won’t help us win

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1243175463.jpg?w=2048

Exciting new technologies can help the U.S. government win the war that it declared 50 years ago—but the very same government may be hampering progress.

https://fortune.com/2024/06/18/america-cancer-half-a-century-regulatory-hurdles-moonshot-health-politics/


The next paradigm for ultra-fast grocery delivery is more choice—without decimating brick-and-mortar stores, Uber's grocery boss says

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1177174433-e1718715826663.jpg?w=2048

Customers value range more than their deliveries arriving in 10 minutes instead of an hour, Uber's grocery and retail head told Fortune.

https://fortune.com/europe/2024/06/18/uber-eats-fast-grocery-delivery-more-range-brick-and-mortar-stores-retail-boss/


How we reached profitability by educating Gen Z for free

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Gen Z values transparency, education, and authenticity over flashy ads and superficial marketing tactics, says Winx Health cofounder Jamie Norwood.

https://fortune.com/2024/06/18/how-we-reached-profitability-by-educating-gen-z-for-free/


The mental health industry is booming. Next up? Social health innovation

https://fortune.com/img-assets/wp-content/uploads/2024/06/Kasley.jpg?w=2048

Get ready for connection coaches, social fitness gyms, and apps for deepening real-world relationships.

https://fortune.com/2024/06/18/social-health-innovation-community-human-connection-peoplehood/


Tesla rival Fisker files for bankruptcy

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The company listed between $500 million and $1 billion of assets, and between $100 million and $500 million of liabilities, in its petition filed in Delaware.

https://fortune.com/2024/06/18/tesla-rival-fisker-bankruptcy-layoffs-delisting-flop-ocean-suv/


Airlines and agriculture groups dream of ethanol-fueled jets, but getting the corn-based fuel where it's needed?

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24169728363878-e1718710468908.jpg?w=2048

The plan relies on federal tax credits triggered by capturing carbon dioxide at refineries and then moving the gas hundreds of miles through pipelines.

https://fortune.com/2024/06/18/airlines-agriculture-dream-ethanol-fueled-jets-pipelines-farmers-nimby/


Major study from Stanford workplace guru reveals that hybrid work has no negative impact on getting promoted

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1412509170-e1718707630160.jpg?w=2048

Nick Bloom's co-authored study found that hybrid working reduced attrition, had no impact on productivity or performance and generated 'millions of dollars in savings' for the business.

https://fortune.com/2024/06/18/stanford-nick-bloom-hybrid-work-cuts-attrition-no-negative-impact-promoted/


BNSF Railway must pay $400m to a Native American tribe

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U.S. District Judge Robert Lasnik initially ruled last year that the railway deliberately violated the terms of a 1991 easement with the Swinomish Tribe north of Seattle.

https://fortune.com/2024/06/18/bnsf-railway-pay-400m-native-american-tribe-trespassing-crude-oil-trains/


U.K. bank CEO says introducing 4-day week was way easier than going hybrid

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1239737577-e1718706076691.jpg?w=2048

Mark Mullen says Atom's four-day week, introduced in 2021, has reduced attrition and sickness rates among staff.

https://fortune.com/europe/2024/06/18/boss-uk-bank-first-profit-introducing-4-day-week-workers-way-easier-hybrid/


Huawei's homegrown mobile OS is proving so successful, it's reportedly thinking of charging developers for using it

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1692043596-e1718700961258.jpg?w=2048

Huawei's HarmonyOS is now the second-most popular mobile operating system in China, overtaking Apple's iOS.

https://fortune.com/asia/2024/06/18/huawei-harmonyos-homegrown-mobile-operating-system-beats-apple-ios-reportedly-charging-developers/


Almost 2 feet of snow are predicted for the Rockies as tens of millions of people in the U.S. swelter under extreme heat alerts

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24168645876874-e1718705976633.jpg?w=2048

Extreme heat alerts continued for tens of millions of people in the United States on Tuesday as cities including Chicago broke records at the start of a week of sweltering weather.

https://fortune.com/2024/06/18/2-feet-snow-rockies-millions-us-swelter-extreme-heat-alerts/


OceanGate Titan imploded 1 year ago on the way to the Titanic

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24164745923350-e1718704088503.jpg?w=2048

A year after an experimental submersible imploded en route to the Titanic, unanswered questions linger — with no immediate answers.

https://fortune.com/2024/06/18/oceangate-titan-imploded-1-year-ago-titanic-investigation-deep-sea-exploration/


Philadelphia university shuts without warning, leaving 1,300 students with nowhere to go

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24166799187671-e1718702929576.jpg?w=2048

Nationwide, private colleges have been closing at a rate of about two per month, according to the State Higher Education Executive Officers Association.

https://fortune.com/2024/06/18/philadelphia-university-arts-shuts-without-warning-1300-students/


China targets European farmers days after EU announces plans to tariff Chinese EVs—in the latest stand-off between the bloc and its largest economic partner

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157375456-e1718700585768.jpg?w=2048

The move gives China a bargaining chip in any trade negotiations.

https://fortune.com/europe/2024/06/18/china-targets-european-farmers-days-after-eu-plans-tariff-chinese-evs/


More Americans want Washington to offer medical debt relief than forgive student loans

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About half of Americans say it’s extremely or very important for the U.S. government to provide debt relief for those who have yet to pay off medical treatments.

https://fortune.com/well/2024/06/18/americans-washington-medical-debt-relief-forgive-student-loans/


Russia's president Putin hasn't been much of a globetrotter over the last few years as he's wanted in over 123 countries

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1143754873-e1718699506211.jpg?w=2048

Since the ICC announced the arrest warrant, Putin hasn’t left Russia except to visit other states that aren’t parties to the court.

https://fortune.com/europe/2024/06/18/russias-president-putin-hasnt-been-much-of-a-globetrotter-wanted-in-over-123-countries/


BYD’s shares are doing so well, early backer Warren Buffett has paused selling his shares

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157257770-e1718698261208.jpg?w=2048

A strong sales forecast and new product rollouts have helped BYD shares stage an epic rebound in recent months.

https://fortune.com/asia/2024/06/18/byds-shares-early-backer-warren-buffett-paused-selling-shares/


'Godfather of AI' emerges out of stealth to back carbon capture startup

https://fortune.com/img-assets/wp-content/uploads/2024/06/MixCollage-17-Jun-2024-05-33-PM-75.jpg?w=2048

Geoffrey Hinton will be an advisor to CuspAI after the startup secured a $30 million funding round.

https://fortune.com/europe/2024/06/18/godfather-ai-geoffrey-hinton-quit-google-year-ago-emerged-stealth-back-startup-cuspai-ai-carbon-capture/


Typhoon trading: Hong Kong will order its stock exchange to stay open during extreme weather

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1712278940-e1718688722647.jpg?w=2048

Hong Kong will no longer stop trading during typhoons, a practice seen as antiquated after the rise of remote work, after Sept. 23.

https://fortune.com/asia/2024/06/18/typhoon-trading-hong-kong-to-keep-exchange-open-during-extreme-weather-september/


'Overtourism' crackdown enters Iceland as the country plans new measures to prioritize locals over hot spring-obsessed visitors

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1449685064-e1718638317586.jpg?w=2048

“We would like to lean more towards a system where the user pays," Iceland's prime minister said as he's contemplating new measures to tackle the swarms of tourists.

https://fortune.com/europe/2024/06/18/overtourism-crackdown-iceland-new-measures-prioritize-locals-hot-spring-blue-lagoon/


America's teachers are the most burned out, stressed out, and unfairly paid workers in society, new survey finds

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1210604340-e1718659288445.jpg?w=2048

Teachers feel all three pain points at about twice the rate of comparable working adults.

https://fortune.com/well/article/american-teachers-burned-out-stressed-underpaid/


This is the best grocery aisle to shop for your brain health. Hint: It's not produce

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1387515165-e1718655474846.jpg?w=2048

It's time to spice things up.

https://fortune.com/well/article/brain-health-spices/


What to know about 'preventative Botox'

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1422960195-e1718646269786.jpg?w=2048

Are the risks and costs worth it to keep crow's feet at bay? Experts weigh in.

https://fortune.com/well/article/preventative-botox/


A self-proclaimed venture capitalist offered $200 million to buy Virgin Orbit. But he actually had less than $1 and is now being sued by the SEC

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1230643525-e1718665549806.jpg?w=2048

Matthew Brown “made false and misleading statements and omissions about his investment experience and funds available to make such an offer,” the SEC said in the lawsuit.

https://fortune.com/2024/06/17/virgin-orbit-bogus-offer-200-million-sec-lawsuit-matthew-brown-richard-branson/


Investor who started a firm with only $250 to get $7 billion richer after slicing off a stake to sell to private equity

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-98971923.jpg?w=2048

The sale will launch the author and founder back onto the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.

https://fortune.com/2024/06/17/investor-firm-billion-richer-minority-stake-sale/


A renowned photographer claims Nike ‘snookered’ him out of the picture that would become the Air Jordan logo

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-78670229-e1718660749885.jpg?w=2048

A new short documentary that premiered at the Tribeca film festival recounts the story of Jacobus “Co” Rentmeester, the photographer who shot the famed silhouette of Michael Jordan.

https://fortune.com/2024/06/17/air-jordan-logo-nike-michael-jordan-photographer-jacobus-rentmeester/


Baggy pants are out and smaller sizes are flying off the shelves as Wegovy changes how Americans buy clothes

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-951136110-e1718655881256.jpg?w=2048

About 15.5 million people in the U.S. have used an injectable weight loss drug, according to Gallup.

https://fortune.com/2024/06/17/wegovy-ozempic-retail-smaller-sizes-clothing/


People hate hotel ‘junk fees’ so much, even the GOP-controlled House is on board with Biden’s crackdown

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1719386780-e1718652783919.jpg?w=2048

The No Hidden FEES Act would create a single standard to transparently display fees across the entire long- and short-term lodging industry.

https://fortune.com/2024/06/17/hotel-junk-fees-bill-house-passage-no-hidden-fees-act-joe-biden/


The Twitter menswear guy says your dress shirt and chinos are 'really ugly.' He offers one simple way to upgrade your work look

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1785534794-e1718653654106.jpg?w=2048

Start with a tailored sports coat, Guy says.

https://fortune.com/2024/06/17/derek-guy-twitter-menswear-work-outfit-attire-fashion-advice/


Jon Stewart rings the alarm on AI—'We are aiding and abetting in our own destruction'

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1242253455-1-e1718652566806.jpg?w=2048

Late-night legend warns of a fast upending that will render 70% of jobs obsolete.

https://fortune.com/2024/06/17/jon-stewart-rings-the-alarm-on-ai-destruction/


This mortgage rate statistic impacting more than half of American borrowers shows why sellers are hopelessly locked in

https://fortune.com/img-assets/wp-content/uploads/2024/06/Real-Estate-25b.jpg?w=2048

“Many homeowners have chosen to stay put, holding off on listing their home for sale until mortgage rates come down,” Realtor.com said.

https://fortune.com/2024/06/17/lock-in-effect-mortgage-rates-interest-housing-market/


Walmart is becoming the new Amazon as customers make smaller, but frequent purchases: 'That’s a trend that's not going to reverse,' CFO says

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-914226884-e1718649840931.jpg?w=2048

CFO John David Rainey said Wednesday that Walmart+ customers, on average, spend twice as much on online orders as the retailer’s other shoppers.

https://fortune.com/2024/06/17/walmart-new-amazon-smaller-frequent-purchases-delivery-speed-ecommerce-john-david-rainey/


Current mortgage rates as of June 17, 2024

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1272469588.jpg?w=2048

If you’re planning to buy a house soon, you might be wondering what a good mortgage rate is. We’ll prepare you with the info you need to rate shop by showcasing average rates for various types of mortgages.

https://fortune.com/recommends/mortgages/current-mortgage-rates-06-17-2024/


The raging bull market hasn’t peaked just yet, BofA says

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2157295901-e1718635696908.jpg?w=2048

Bank of America’s head of U.S. equity and quantitative strategy notes that only four out of 10 bull market peak indicators are flashing warning signs.

https://fortune.com/2024/06/17/stock-market-outlook-raging-bull-peak-indicators-sp500-forecasts/