Even Fortune execs who mandate a return to office admit that it doesn't improve productivity, finds Atlassian’s 40-page remote work report

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1 in 3 bosses whose people are required to work in-person told Atlassian that it doesn’t move the needle.

https://fortune.com/2024/01/20/return-to-office-productivity-atlassian-flexible-work-report/


Sky-high home prices, elevated mortgage rates, and now, insurance woes

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“Your home is generally your biggest asset,” says CoreLogic’s Garret Gray. “If you can’t insure your safe space, think of the emotional toll of that.”

https://fortune.com/2024/01/20/unaffordable-housing-market-home-insurance-crisis-california-florida/


4 worrying trends in tech that are fueling Google and Amazon layoffs

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After brutal layoffs last year, many companies are realizing they’re not done cutting as they position themselves for greater profitability.

https://fortune.com/2024/01/20/google-amazon-tech-layoffs-reasons-4-worrying-trends/


Have a COVID headache? What you can expect, how to treat it, and when it might go away

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Some say that COVID headaches are no different than your run-of-the-mill headache. Others describe it as more of a tension or migraine-type headache.

https://fortune.com/well/2024/01/20/covid-headache/


This 64-year-old was surprised she ranked 5 in a millionaire's longevity contest. Here’s her inexpensive routine for a long life

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Amy Harrison sees aging with wisdom

https://fortune.com/well/article/women-slow-aging-routine-rejuvenation-olympics/


Stop fixating on that promotion, says Mars executive

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Stop worrying about job titles, one of Mars’ most senior executives Shaid Shah advises aspirational workers.

https://fortune.com/2024/01/20/mars-shaid-shah-promotion-career-advice/


How Croatia’s first unicorn grew from a small village with a $16,000 loan from parents to working with WhatsApp and Uber

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Silvio Kutić failed twice before finally launching Infobip from Vodnjan, a village of just 3,000 residents.

https://fortune.com/europe/2024/01/20/infobip-silvio-kutic-croatia-first-unicorn/


Elon Musk’s AI startup that hopes to leapfrog OpenAI is halfway to its goal of landing $1 billion in funding

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Musk launched the startup last year as an alternative to Open AI, which he co-founded and later left over philosophical differences.

https://fortune.com/2024/01/19/elon-musk-ai-startup-funding-1-billion-investors/


Wall Street celebrates record highs for stocks as 2 of the 3 major indexes hit new peaks, and some analysts see room to run

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The S&P 500 rose to a record high of 4,839 on Friday, while the Dow keeps setting new records itself.

https://fortune.com/2024/01/19/wall-street-markets-stocks-record-highs-sp-500-dow-jones/


Meta denies that its new 'nighttime nudge' telling your kid to log off Instagram has to do with an unsealed lawsuit about child safety

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Instagram’s new “nighttime nudge” to limit app use came hours after a complaint was unsealed declaring Meta a child predator “breeding ground.”

https://fortune.com/2024/01/19/meta-nighttime-nudge-instagram-lawsuit-child-protections/


Wall Street's landlord phase is back on, as Blackstone’s $3.8 billion acquisition of Tricon rouses a slumbering institutional investing sector

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Tricon owns 7 million units in Atlanta and other major markets include Charlotte, North Carolina; Tampa, Florida; Dallas, Phoenix, and Houston.

https://fortune.com/2024/01/19/blackstone-tricon-3-8-billion-acquisition-wall-street-landlord/


Stellantis CEO warns of EV ‘bloodbath’ and ‘race to the bottom’ if car makers follow Elon Musk’s lead and start cutting prices

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“I know a company that has brutally cut pricing and their profitability has brutally collapsed,” Carlos Tavares said, without using Tesla's name.

https://fortune.com/2024/01/19/elon-musk-tesla-stellantis-ev-bloodbath-race-to-bottom/


Soaring insurance rates are making it more expensive than ever to own a car, and the entire auto industry is feeling the pain

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After years of low growth, insurance saw double-digit rate increases for two years running.

https://fortune.com/2024/01/19/auto-insurance-rates-increase-car-ownership-costs/


Davos might have been the ‘World AI Forum’ this year, but 90% of execs are waiting for the AI hype to die down so they can figure out how to start using it

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Cognitive dissonance reigns in AI, as executives wait to see which companies are for real while pushing their teams to move faster.

https://fortune.com/2024/01/19/how-do-ceos-executives-really-feel-about-ai-davos-wef/


With Germany in recession and Detroit reeling over ultra-cheap Chinese EVs, Beijing vows to crack down on ‘blind’ construction of new EV projects

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China said it will take “forceful measures” to address electric-vehicle projects that are not justified by demand.

https://fortune.com/2024/01/19/china-electric-vehicles-government-forceful-measures-blind-construction-byd-tesla/


Lock in higher rates with CDs: Here’s why they could be a better choice than money market accounts or high-yield savings accounts

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CDs are offering record-high APYs—here’s why you should invest in one over a high-yield savings or money market account.

https://fortune.com/recommends/banking/cds-offering-higher-savings-rates/


Revolutionary 3D imaging tech reveals coral reef 3 times the size of Yellowstone 'right under our noses, waiting to be discovered'

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The reef extends for about 310 miles from Florida to South Carolina and at some points reaches 68 miles wide. "It's eye-opening — it's breathtaking in scale."

https://fortune.com/2024/01/19/largest-deep-coral-reef-found-3d-technology-atlantic-ocean/


Taiwan's top diplomat sets record straight on China: 'We want the status quo. We want the way it is'

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President-elect Lai Ching-te is willing to engage with Beijing, diplomat Alexander Tah-Ray Yui told the AP.

https://fortune.com/2024/01/19/taiwan-presidential-election-wants-status-quo-with-china/


'We're all in this boat together. The boat is sinking': House GOP moves to tackle $34 trillion national debt with bipartisan commission

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Sens. Joe Manchin, D-W.Va., and Mitt Romney, R-Utah, have sponsored a companion measure in the Senate.

https://fortune.com/2024/01/19/how-big-national-debt-34-trillion-republicans-house-bipartisan-commission/


Did the housing market just hit a bottom? New data reveals home sales hit their lowest point in 28 years in 2023

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Some experts see a thaw as mortgage rates look set to fall. But on the other hand, “the recent, rapid three-year rise in home prices is unsustainable.”

https://fortune.com/2024/01/19/housing-market-2023-existing-home-sales-lowest-since-1995/


Hidden Valley Ranch flavored Burt's Bees lip balm sells out in less than 24 hours

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“NOT FOR CONSUMPTION. Obviously.”

https://fortune.com/2024/01/19/burts-bees-hidden-valley-ranch-flavored-lip-balm-sold-out/


Ford lays off employees working on F-150 Lightning as demand for electric vehicles continues to weaken

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CEO Jim Farley said Ford still sees “a bright future” for EVs for “specific customers," but it's been cutting down on production.

https://fortune.com/2024/01/19/ford-layoffs-f-150-lightning-ev-truck-weak-demand/


Macy’s is laying off 2,350 workers, while Wayfair sacks 1,650 as retail job cuts bite

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A dark week in retail.

https://fortune.com/2024/01/19/macys-wayfair-retail-layoffs-job-cuts-holiday-shopping-season/


Yet another Boeing plane makes an emergency landing shortly after takeoff— witness says it was 'shooting sparks'

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The aircraft landed safely Thursday night “after experiencing an engine malfunction soon after departure," a spokesperson for Atlas Air said.

https://fortune.com/2024/01/19/boeing-747-cargo-plane-miami-emergency-landing-shooting-sparks-engine/


Short-term CDs are offering higher rates than long-term CDs—here’s how to decide what’s right for you

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After the Fed's rate hikes, short-term CDs are more appealing. But they may not be right for everyone.

https://fortune.com/recommends/banking/short-term-cds-offering-higher-rates/


Sam Altman was asked what humans would still do better than AI—he didn't have a convincing answer

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The OpenAI boss predicted humanity would still make the decisions in a world where artificial general intelligence could lead to a 'Hiroshima Moment'.

https://fortune.com/2024/01/19/wef-davos-sam-altman-openai-chatgpt-artificial-general-intelligence-agi/


LedgerPrime alumni launch crypto hedge fund Split Capital to focus on liquid tokens

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Cofounder Zaheer Ebtikar says the fund will focus on the "middle 80%" of the crypto token market overlooked by larger investors.

https://fortune.com/crypto/2024/01/19/ledgerprime-alumni-crypto-hedge-fund-split-capital/


Cartier-owner Richemont’s earnings may have the bright spot that luxury companies have been waiting for—demand from Chinese shoppers

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"There are macroeconomic problems ... but mainland China was double digit positive," Richemont CFO Burkhart Grund said.

https://fortune.com/europe/2024/01/19/cartier-richemont-luxury-brand-shopping-demand-china-shoppers/


Jamie Dimon’s pay hits record high at $36m thanks to ‘growth across all of JPMorgan Chase’s market-leading lines of business’

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"The board continues to recognize that the firm is in a uniquely fortunate position to be led by such a highly talented and experienced executive."

https://fortune.com/2024/01/19/jamie-dimon-jpmorgan-2023-pay-record-salary/


People are living longer lives—but not healthier ones. Here are 4 reasons why, according to this CEO at Davos

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A longer life doesn't mean a better life.

https://fortune.com/well/2024/01/19/4-factors-preventing-longer-american-healthspan-lifespan-davos-manulife-ceo-gori/


Remote workers have ‘absolutely no attachment, no passion, no creativity,’ scoffs L’Oréal CEO

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Speaking at the World Economic Forum in Davos, L’Oréal’s boss Nicolas Hieronimus said that “working from home is actually very bad” for the “mental health” workers.

https://fortune.com/europe/2024/01/19/loreal-ceo-nicolas-hieronimus-remote-workers-no-attachment/


Reports of Google and Amazon layoffs are 'garbage information'—Wall Street says companies are clinging to workers instead

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Bob Elliott, co-founder of the investment firm Unlimited, argues it's important to "contextualize” tech layoffs with the wider economic data that shows a resilient labor market.

https://fortune.com/2024/01/19/google-amazon-layoff-reports-garbage-companies-clinging-workers/


Trump says a U.S. digital currency would be ‘tyranny.’ The Biden administration hasn’t mentioned CBDCs since September 2022

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The former president promised that if reelected he wouldn't allow for the creation of a digital dollar.

https://fortune.com/crypto/2024/01/19/trump-digital-currency-cbdcs-joe-biden-federal-reserve/


Kansas City Chiefs and Royals want local residents to fund their stadiums, but a county politician vetoed the plan

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“It’s not a good deal for taxpayers and I cannot support an agreement that is not in their best interest," Jackson County Executive Frank White said.

https://fortune.com/2024/01/19/kansas-city-chiefs-royals-want-local-residents-fund-stadiums-county-politician-vetoed-plan/


CDC is expanding a warning about salmonella poisoning tied to charcuterie meat snack trays sold at Sam’s Club and Costco

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At least 47 people in 22 states have been sickened and 10 people have been hospitalized after eating Busseto brand and Fratelli Beretta brand meats.

https://fortune.com/2024/01/19/cdc-expands-warning-salmonella-poisoning-charcuterie-meat-snack-trays-sams-club-costco/


SpaceX sends Astronauts from Turkey, Sweden and Italy to the international space station on latest chartered flight

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The Falcon rocket blasted off from NASA’s Kennedy Space Center in late afternoon, carrying the three men, all with military pilot experience and representing their homelands.

https://fortune.com/2024/01/19/spacex-sent-astronauts-turkey-sweden-italy-international-space-station-chartered-flight/


Oxfam points to 5 likely candidates to be the world's first trillionaire

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Tesla CEO Elon Musk, Bernard Arnault and his luxury company LVMH, Amazon founder Jeff Bezos, Oracle founder Larry Ellison and investment guru Warren Buffett are all in contention.

https://fortune.com/2024/01/19/oxfam-world-first-trillionaire-musk-arnault-bezos-ellison-buffett/


Apple's $3,500 mixed-reality headset is being pitched as a 'superpower' for doctors and teachers

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Apple is betting that mixed reality — the melding of virtual and augmented reality — will eventually become a major source of revenue.

https://fortune.com/2024/01/18/apple-vision-pro-virtual-reality-goggles-surgery-training/


Billionaire couple gifts $100 million to Spelman College, largest donation in HBCU history

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“It’s a transformational gift to any institution, period,” trustee Lovette Russell said.

https://fortune.com/2024/01/18/spelman-college-100-million-donation-billionaire-couple-largest-hbcu-history/


America’s 4 largest car makers all pass on the Super Bowl for the first time in 23 years — and the race to catch Elon Musk could be to blame

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Stellantis seemed to speak for the Big Three when it told Fortune that it had to "mitigate the impact of a challenging U.S. automotive market."

https://fortune.com/2024/01/18/why-ford-gm-stellantis-toyota-no-super-bowl-commercials-tesla-evs/


Why did an Indian airline just place an order for 150 more 737 Max planes from a reeling Boeing? All because of 'sustainability'

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James Darcy, a former Airbus communications chief, told Fortune the order is an "interesting choice given the current headlines on the Max aircraft."

https://fortune.com/2024/01/18/why-boeing-order-150-aircraft-737-max-indian-akasa-air/


Big Meat giant JBS' bid to list on NYSE draws widespread opposition from UK, US lawmakers over Amazon deforestation

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A previous attempt to join the exchange was thwarted amid a 2017 scandal when the company admitted the bribery of hundreds of Brazilian politicians.

https://fortune.com/2024/01/18/jbs-big-meat-brazil-new-york-stock-exchange-deforestation-amazon/


Over half a million beds sold at Walmart and Wayfair get recalls because of 'breaking, sagging or collapsing'

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The recalled beds, manufactured in Malaysia, were sold at prices ranging from $100 to $300.

https://fortune.com/2024/01/18/half-million-beds-recalled-sold-walmart-wayfair-suddenly-collapse-injuries/


Electric vehicles are 'resetting a bit' after Biden 'tried to push the market too quick,' Georgia's Brian Kemp says

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Leaders gathered in Davos including Zeng Yuqun, one of China's richest men, told the Georgia governor he needs more nuclear power plants.

https://fortune.com/2024/01/18/electric-vehicles-resetting-georgia-brian-kemp-davos-biden-pushed-market-nuclear/


UAE shipping firm hit with U.S. sanctions for violating $60 price cap for Russian crude oil

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"Today’s actions once again demonstrate that anyone who violates the price cap will face the consequences,” said Treasury Deputy Secretary Wally Adeyemo.

https://fortune.com/europe/2024/01/18/russian-crude-oil-price-cap-sanctions-uae-firm/


Wall Street claws back some of the week's losses with Big Tech leading the way

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Big Tech stocks included a 2.9% climb for Apple, while Fastenal jumped 5.9% for the biggest gain in the S&P 500 after a surprise earnings beat.

https://fortune.com/2024/01/18/markets-wall-street-stocks-apple-big-tech-fastenal-earnings/


Sam Altman says OpenAI's board was 'sort of just neglected' amid wild year in 2023

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“We had known that our board had gotten too small, and we knew that we didn’t have a level of experience we needed," Altman said on a panel at Davos.

https://fortune.com/2024/01/18/sam-altman-openai-board-neglected-wild-year-2023-chatgpt-davos/


Icelandic yogurt brand siggi's is offering you $10,000 to stay off your phone for a month

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You could be $10,000 richer with a flip phone.

https://fortune.com/well/2024/01/18/icelandic-yogurt-siggis-digital-detox/


OpenAI is bringing ChatGPT to academia with its first university partnership

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Arizona State University will soon have access to ChatGPT’s full enterprise capabilities.

https://fortune.com/education/articles/openai-launches-first-university-partnership-providing-full-chatgpt-enterprise-access-to-asu/


'The demand is huge, and it is real': Obscure state funding programs for small business take off after interest rates spike cost of bank loans

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“I can say in talks with other state treasurers that there is a definite increased interest," said Michael Frerichs, head of the National Association of State Treasurers.

https://fortune.com/2024/01/18/small-business-state-funding-low-cost-loans-missouri-treasurer/


‘It’s the worst quality results on Google I've seen in my 14-year career’: Web search exec breaks down how ‘SEO parasites’ and AI-enabled spam are breaking the internet

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Lily Ray, of digital marketing firm Amsive, tells Fortune that "Right now, it feels like the scammers are winning."

https://fortune.com/2024/01/18/why-is-google-search-so-bad-spam-links-seo-ai-algorithm/


Samsung sees chance to leapfrog Apple with AI enhancements to Galaxy smartphones that will 'reshape the technology landscape'

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Apple is behind Samsung when it comes to making smartphones smarter with AI, Forrester Research analyst Thomas Husson said.

https://fortune.com/2024/01/18/samsung-ai-galaxy-advantage-over-apple-iphones-smartphones/


Considering Ozempic or another weight-loss drug? It could cost you more now

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Popular treatment now costs 3.5% more.

https://fortune.com/well/2024/01/18/ozempic-getting-more-expensive/


U.S. military bombs Houthi sites in Yemen for a 4th time as attacks on Red Sea shipping persist

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The strikes followed an official announcement Wednesday that the U.S. has put the Houthis back on its list of specially designated global terrorists.

https://fortune.com/2024/01/18/houthis-red-sea-military-missile-attacks-drones-shipping/


Biden's student loan forgiveness plan might actually happen in 2024. But far fewer borrowers will qualify

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The Biden administration is going down alternative avenues to cancel federal student loan debt.

https://fortune.com/2024/01/18/bidens-student-loan-forgiveness-plan-possibility-fewer-borrowers-benefit/


JetBlue's failed $3.8 billion merger could send Spirit Airlines into bankruptcy, Wall Street analysts warn

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Cowen's Helane Becker says it "sounds alarmist and harsh," but the likely scenario is a Chapter 11 bankruptcy filing, followed by a liquidation.

https://fortune.com/2024/01/18/will-spirit-airlines-go-bankrupt-chapter-11-jetblue-merger/


Kamala Harris says she's 'scared as heck' that Donald Trump will beat Joe Biden

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On ABC's "The View," the vice president said, “We’ve got to earn reelection. There is no question. We’ve got to be on the road.”

https://fortune.com/2024/01/18/kamala-harris-scared-as-heck-donald-trump-win-2024-election/


Hyatt beefs up the welcome bonus for new World of Hyatt cardmembers

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Hyatt just boosted the welcome bonuses for the World of Hyatt credit cards, making these cards all the more essential for Hyatt loyalists.

https://fortune.com/recommends/credit-cards/hyatt-beefs-up-the-welcome-bonus-for-new-world-of-hyatt-cardmembers/


How AI could help the water industry curb its thirst for energy

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To many players, the economic argument for cutting energy use is compelling.

https://fortune.com/2024/01/18/ai-make-business-better-water-industry/


Marc Benioff's leadership style inspired this 39-year-old founder to start her own $30 million company

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Marc Benioff’s leadership style served as a masterclass in operating a business for The League's Amanda Bradford.

https://fortune.com/2024/01/18/the-league-amanda-bradford-salesforce-marc-benioff-influence/


Flowdesk raises $50 million as CEO works to bridge the gap with TradFi: ‘Crypto needs to step up’

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The company previously raised $30 million in 2022.

https://fortune.com/crypto/2024/01/18/flowdesk-50-million-raise-tradfi-crypto/


Denmark’s monarchy shake-up takes fresh twist as King Frederik X publishes a surprise book 3 days after taking the throne

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The 110-page manifesto, titled Kongeord which means “The King’s Word,” shares Frederik X's thoughts on his new role, on Denmark’s place and his marriage.

https://fortune.com/europe/2024/01/18/denmark-king-frederik-x-kongeord-book-best-seller/


World of Hyatt Business Card Review: An obvious addition to your corporate wallet if you’re already booking Hyatt for business.

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The World of Hyatt Business card makes perfect sense if you are a Hyatt loyalist. Otherwise, a general travel card will suit you better.

https://fortune.com/recommends/credit-cards/world-of-hyatt-business-card-review-an-obvious-addition-to-your-corporate-wallet-if-youre-already-booking-hyatt-for-business/


The View' Joy Behar tells Gen Zers feeling left behind by the economy ‘boohoo’

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The solution to Gen Z’s housing crisis is simple: “Get a job,” says The View's Joy Behar.

https://fortune.com/2024/01/18/the-view-joy-behar-gen-z-feeling-left-behind-economy-boohoo-get-job/


Sundar Pichai is taking a leaf out of Mark Zuckerberg’s book and warns Google staff ‘ambitious goals’ can only be met with job cuts

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“The reality is that to create the capacity for this investment, we have to make tough choices.”

https://fortune.com/2024/01/18/sundar-pichai-google-ceo-mark-zuckerberg-meta-layoff-deja-vu/


Annual general meetings have been getting increasingly raucous. Expect them to be chaotic in 2024

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Global conflicts and strife will inevitably influence proceedings at AGMs.

https://fortune.com/2024/01/18/annual-general-meetings-raucous-shareholders-activist-investing-2024-finance-leadership-richard-torrenzano/


Secretary of State Blinken’s return from Davos delayed after his Boeing plane breaks down

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After flying from Davos to Zurich on helicopters and boarding the modified Boeing Co. 737, Blinken and his party were informed that the aircraft had been deemed unsafe to fly.

https://fortune.com/2024/01/18/secretary-of-state-blinkens-return-from-davos-delayed-after-his-boeing-plane-breaks-down/


Meta documents revealed in New Mexico court case said to underscore tech giant’s ‘historical reluctance’ to protect children on Instagram

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Internal employee messages and presentations from 2020 and 2021 show Meta was aware of issues such as adult strangers being able to contact children on Instagram.

https://fortune.com/2024/01/18/meta-documents-revealed-new-mexico-court-case-underscore-tech-giant-historical-reluctance-protect-children-instagram/


Silicon Valley billionaires behind secretive new California city pitch voters after stealthily buying $800m of farmland

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Jan Sramek, a former Goldman Sachs trader spearheading the ambitious city-building effort, offered the first detailed look Wednesday at his proposal to construct at least 20,000 homes in rural Solano County,

https://fortune.com/2024/01/18/silicon-valley-billionaires-new-california-city-solano-pitch-voters-stealthily-buying-800m-farmland/


Trump threatened with ejection from courtroom over loud remarks—‘it is a witch hunt’—as E. Jean Carroll testifies

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Judge Lewis A. Kaplan told the former president that his right to be present at the trial will be revoked if he remains disruptive.

https://fortune.com/2024/01/18/trump-threatened-ejection-new-york-courtroom-loud-remarks-witch-huntas-e-jean-carroll-testifies/


Sheryl Sandberg is leaving Meta's board, cutting her last tie after joining in 2008 as Mark Zuckerberg's chief lieutenant

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She helped grow from a promising internet startup into a tech giant.

https://fortune.com/2024/01/17/meta-facebook-sheryl-sandberg-leaves-board/


No knockout in latest Coinbase-SEC fight: Both parties still awaiting judge’s decision

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Coinbase argued to dismiss an SEC lawsuit at a Wednesday hearing in New York.

https://fortune.com/crypto/2024/01/17/coinbase-sec-sdny-lawsuit-motion-dismiss-wachtell/


You have to be nice to the airline that canceled your flight because the law doesn't require compensation. Here's what it says

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“I know how frustrated many of you are,” Joe Biden said, adding his top priority is getting "American air travelers a better deal.”

https://fortune.com/2024/01/17/what-does-law-require-airlines-canceled-flights-refunds-compensation/


New CNN boss urges 'swagger' in memo to staff, bemoans 'old-fashioned and unadventurous feel' to programming, website

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"There's currently too little innovation and risk-taking," former New York Times CEO told CNN staff in a memo.

https://fortune.com/2024/01/17/cnn-mark-thompson-staff-memo-swagger-innovation-risk-taking/


American Apparel owner fights with board over 'disengaged' former CEO who sent 'no more than a handful of work emails a day'

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Directors at Canadian clothing manufacturer Gildan have claimed that Glenn Chamandy became distracted by projects including a Barbados golf course.

https://fortune.com/2024/01/17/gildan-formner-ceo-glenn-chamandy-work-emails-american-apparel/


Burger King splashes out $1 billion for its largest franchisee in an attempt to ‘Reclaim the Flame’

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One research analyst told Fortune that “Burger King U.S. has been a laggard in terms of guest experience" and hopes to turn that around with the latest acquisition.

https://fortune.com/2024/01/17/burger-king-1-billion-carrols-reclaim-flame/


Failure of prescription drugs could kill 10 million annually by 2050, Davos leaders warn, calling the issue a ‘silent pandemic’

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The issue comes with an enormous economic price tag—potentially $100T or more by 2050, according to some estimates—approximately 1% of the global GDP.

https://fortune.com/well/2024/01/17/antimicrobial-resistance-antiobiotic-amr-could-kill-10-million-annually-pandemic-world-economic-forum-davos/


Gavin Newsom vows to protect youth tackle football: 'An outright ban is not the answer'

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Saying he is "deeply concerned about the health and safety of our young athletes," Newsom vowed he "will not sign legislation that bans youth tackle football."

https://fortune.com/2024/01/17/gavin-newsom-youth-tackle-football-ban-veto-california/


'Women are not small men': The global economy will miss out on $1 trillion annually by 2040 if we don’t close the gender health gap

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The WEF and the McKinsey Health Institute estimate that closing the gender health gap could boost global GDP by at least $1 trillion a year by 2040.

https://fortune.com/2024/01/17/women-global-economy-will-miss-out-on-1-trillion-annually-by-2040-gender-health-gap-perez-francis/


One of Wall Street’s most feared short sellers on its new campaign against a $42 billion financial services giant—which it says is worth up to 65% less than advertised

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"We find a lot of shortcomings," Spruce Point Capital Management says of financial services giant MSCI.

https://fortune.com/2024/01/17/msci-value-spruce-point-capital-short-seller/


Data science is booming. Here are some of the places hiring entry-level employees.

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Data-related occupations are growing at unprecedented rates, and many companies are hiring entry-level candidates.

https://fortune.com/education/articles/data-science-is-booming-here-are-some-of-the-places-hiring-entry-level-employees/


What is the difference between UX vs UI design?

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User interface (UI) and user experience (UX) design rely on each other, but with them often being paired together—how do you distinguish between the two?

https://fortune.com/recommends/articles/ux-vs-ui-design/


Workplace health benefits don’t move the needle on improving worker happiness and well-being. The solution is 'more than a program, prize or portal'

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Instead of ‘the workplace mental health buffet,’ here’s what may really improve happiness and well-being at work.

https://fortune.com/well/2024/01/17/workplace-wellness-benefits-not-effective/


Chicago's wind gusts expose how Elon Musk failed to design a Tesla for when it gets too cold

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Teslas have hit a new speed bump: the winter cold.

https://fortune.com/2024/01/17/chicago-cold-weather-hurting-tesla-elon-musk/


Chuck E. Cheese is developing a TV game show for adults to compete in 'comedic physical challenges' like supersized pinball and air hockey

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And it’s being made by the producers of Top Chef.

https://fortune.com/2024/01/17/chuck-e-cheese-tv-game-show-competition/


One of America’s top banks has shed nearly 40 million square feet of office space over 15 years. BofA CEO unpacks commercial real estate’s ‘slow burn of change’

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“The revaluation is going through as we speak," Brian Moynihan told CNBC's Squawk Box, adding that it is just going to take a very long time.

https://fortune.com/2024/01/17/commercial-real-estate-outlook-revaluation-bank-of-america-sheds-40-million-square-feet-office/


Aldi has gotten rid of plastic grocery bags at all of its stores

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Shoppers will no longer be able to purchase them.

https://fortune.com/europe/2024/01/17/aldi-eliminates-plastic-shopping-bags/


Deutsche Bank's finance chief says we're living through a 'pinch me moment'

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Chief financial officer James von Moltke says the economy is surviving against all odds despite inflation, rate hikes, and wars.

https://fortune.com/2024/01/17/deutsche-bank-james-von-moltke-economic-outlook-2024-pinch-me-economy/


Costco is making it harder to share your membership with friends

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Retailer tests new system for entering stores.

https://fortune.com/2024/01/17/costco-card-borrowing-crackdown/


These are the best CD rates in North Carolina today

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We crunched the data to locate the best CD rates available in North Carolina today.

https://fortune.com/recommends/banking/cd-rates-north-carolina/


Inflation, employment picture 'almost as good as it gets,' top Federal Reserve official says

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Christopher Waller wrote to the Brookings Institution that he is "feeling more confident that the economy can continue along its current trajectory.”

https://fortune.com/2024/01/17/inflation-employment-almost-as-good-as-it-gets-christopher-waller-federal-reserve/


Treasury Secretary Yellen pushes back against Republican criticism—U.S. economic growth ‘vindicates’ Biden’s pandemic stimulus spending

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As President Joe Biden seeks reelection, he is trying to convince voters who are gloomy about the economy that inflation is under control and the economy is strong.

https://fortune.com/2024/01/17/treasury-secretary-yellen-republican-criticism-economic-growth-vindicates-biden-pandemic-stimulus-spending/


Tesla is giving German customers a 9% discount on its Model Y as EV war with BYD heats up

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Tesla's price cuts in China couldn't prevent the EV maker shedding 7% of its share price as BYD and Volkswagen turn up the heat.

https://fortune.com/europe/2024/01/17/tesla-giving-german-drivers-9-discount-investors-not-convinced-price-cuts-help-beat-byd-volkswagen/


Sam Altman says being pushed out of OpenAI by the board was 'wild' and caught him 'off guard'—but he's done talking about it

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"Is really what you wanna spend their time on? The soap opera rather than like what AGI (artificial general intelligence) is going to do?"

https://fortune.com/2024/01/17/sam-altman-openai-firing-ceo-davos/


Etiquette classes are coming to more than 60% of companies in 2024—and it’s not just Gen Z that needs lessons in how to make eye contact

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Interestingly, only 10% of those planning to offer classes say the training will be required specifically for Gen Z and fresh-faced grads.

https://fortune.com/2024/01/17/etiquette-classes-3-in-5-companies-2024-gen-z-lessons-eye-contact-resume-builder/


As elites gather in Davos, they can’t ignore that most high-net worth individuals like me want to pay more tax

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A full 75% support introducing a 2% wealth tax on billionaires.

https://fortune.com/2024/01/17/elites-wef-davos-wealth-tax-chuck-collins/


'Fortnite' maker Epic Games to contest Apple’s ‘27% tax’ on outside payments

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The iPhone maker said it would attempt to collect a 12% or 27% revenue share from developers that opt out of the Apple system.

https://fortune.com/2024/01/17/epic-games-apple-app-store-payments-supreme-court/


China’s population continued its record plunge in 2023 as total falls 2.1m on COVID deaths and low birth rate

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The Chinese population started shrinking in 2022 for the first time since 1961, the final year of the Great Famine under former leader Mao Zedong.

https://fortune.com/asia/2024/01/17/china-population-record-plunge-2023-covid-deaths-low-birth-rate/


Silicon Valley billionaires behind secretive new California city reveal proposed development map

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California Forever stealthily snapped up more than $800 million of Solano County land in recent years.

https://fortune.com/2024/01/17/california-forever-new-city-map-development/


Supreme Court takes up case of  fisherman challenging government regulation that could give ‘convulsive shock’ to decades of rules

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Lawyers for the fishermen are asking the justices to overturn a 40-year-old decision.

https://fortune.com/2024/01/17/supreme-court-fisherman-case/


VinFast turns focus to its own backyard after the Vietnamese EV company fails to make a splash in the U.S.

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Joko Widodo is welcoming the Vietnamese company as Indonesia's president tries to make his country an EV hub.

https://fortune.com/asia/2024/01/17/vinfast-vietnam-ev-company-invests-indonesia-india-us-flop/


An appeals court panel ruled against Ron DeSantis in a case Disney says touches on the 'same values' as its free speech fight

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A decision from an appeals court panel last week that revived a former prosecutor's suit should support Disney's arguments against the governor, the company said in a court filing.

https://fortune.com/2024/01/16/disney-free-speech-ron-desantis-prosecutor-appeals-panel-ruling/


3 reasons why the frozen housing market of 2024 is actually more active than before the pandemic, Zillow says

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It’s all about the (lack of) inventory.

https://fortune.com/2024/01/16/2024-housing-market-more-active-than-prepandemic-zillow-frozen/


he five richest people in the world, including Elon Musk, Jeff Bezos, Warren Buffet, made $464 billion since 2020, report finds

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A report from the anti-poverty NGO Oxfam found that the world could see its first trillionaire in the next 10 years, while wiping out global poverty would take hundreds more.

https://fortune.com/2024/01/16/inequality-wealth-doubles-musk-bezos-buffett-ellison-arnault-oxfam/


JetBlue facing $470 million payment to Spirit Airlines after judge sides with government and blocks $3.8 billion merger

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Judge William Young said the deal "would likely incentivize JetBlue further to abandon its roots as a maverick, low-cost carrier.”

https://fortune.com/2024/01/16/jetblue-airways-spirit-airlines-acquisition-blocked-antitrust/


$8 trillion private equity industry faces 'real cultural change' as sources say investors are pulling funding amid a deal apocalypse

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“Fund managers have to fight for their dollars now," says William Barrett, managing partner at Reach Capital.

https://fortune.com/2024/01/16/private-equity-industry-8-trillion-limited-partners-cultural-change-funding/


Amid climate disasters and despite its own tragedy, Hawaii provides a model for community-centered innovation

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'It’s not just Hawai’i–every local community needs to restore the health and resilience of the landscapes that surround and protect us.'

https://fortune.com/2024/01/16/climate-hawaii-community-innovation-environment/


TerraUSD founder Do Kwon convinces SEC to postpone trial so he can be extradited to the U.S.

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Kwon has been held in Montenegro since he was arrested in March.

https://fortune.com/crypto/2024/01/16/do-kwon-trial-postponed-as-sec-agrees-to-await-his-extradition/


'If you don’t keep up, you’re knocked off': Bureaucratic requirements block hungry families from $400-a-month food benefit, advocacy groups charge

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One-third of people receiving aid through the SNAP program lose out because of in-person interview requirements, according to one study.

https://fortune.com/2024/01/16/food-stamps-snap-interview-obstacle/


'We are not where we need to be': Boeing vows to step up quality inspections on 737 Max planes after door panel blowout

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Top exec Stan Deal vows "hard look at our quality practices in our factories and across our production system" in email to employees.

https://fortune.com/2024/01/16/boeing-safety-inspection-stan-deal/


The largest retail grocery merger in U.S. history is in regulators' crosshairs with Washington state lawsuit: 'Shoppers will have fewer choices and less competition'

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It's the first regulatory action seeking to block the $25 billion deal, arguing it would raise prices for consumers.

https://fortune.com/2024/01/16/kroger-albertsons-merger-washington-lawsuit-antitrust/


Southwest canceled over 700 flights on Martin Luther King Day—and hundreds more the next day

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Weather issues hit the carrier harder than most.

https://fortune.com/2024/01/16/southwest-airlines-cancellations-bomb-cyclone-cold-weather/


Chase LGA lounge review: Luxury at LaGuardia

https://content.fortune.com/wp-content/uploads/2024/01/Chase-Sapphire-Lounge-by-The-Club-at-LaGuardia-Airport-2-c-Angela-Sun_Chase-Sapphire.jpg?w=2048

The Chase Sapphire Lounge at LaGuardia airport in New York is now open. Here's what you need to know.

https://fortune.com/recommends/credit-cards/chase-lga-lounge-review-luxury-at-laguardia/


Balance transfers can save you thousands. Here’s how (with a real-world example)

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A balance transfer moves debt from a high-interest card to a zero-interest card, potentially saving you thousands in the process. Here’s why one of my friends called it a “magic spell.”

https://fortune.com/recommends/credit-cards/balance-transfers-can-save-you-thousands-heres-how-with-a-real-world-example/


Google's SVP of research, technology, and society: 'People understand that AI will disrupt their lives–but they hope it’s for the better. We must not let them down'

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Research Google conducted with Ipsos shows that while people expect AI to disrupt life, they also believe that disruption would be positive.

https://fortune.com/2024/01/16/google-svp-tech-society-people-ai-disruption-james-manyika/


Bill Gates says at Davos that health spending is key to combatting climate change: ‘That’s where you get population growth to a steady state’

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The Bill & Melinda Gates Foundation that he co-chairs announced plans to spend $8.6 billion on health care technology and programs in 2024, the largest budget ever for the nonprofit.

https://fortune.com/2024/01/16/bill-gates-davos-health-spending-key-combatting-climate-change-population-growth-steady-state/


Gen Z should come to office more if they want to succeed in AI era, PwC boss says

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“I’d be in the office four to five days a week,” says PwC U.K.'s Chairman and Senior Partner, Kevin Ellis.

https://fortune.com/europe/2024/01/16/gen-z-return-to-office-remote-work-pwc-kevin-ellis/


Remote workers are promoted less than in-office colleagues—but there’s no difference between hybrid working and always being in-person, study finds

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Good news for hybrid workers: Data shows that there's no difference in performance reviews or promotion rates between those who come to the office five days a week or three.

https://fortune.com/2024/01/16/remote-workers-receive-fewer-promotions-office-colleagues-no-difference-hybrid-working-always-in-person-nber-study/


Bank of America CEO Brian Moynihan isn't worried if rates don't come down—for the bank that could even be a 'good thing'

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"In the end of day, rates not coming down actually help us."

https://fortune.com/2024/01/16/bank-of-america-ceo-brian-moynihan-rates-fears/


Almost 3,000 flights canceled and 110,000 businesses and homes without power

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The storms and frigid temperatures were affecting everything from air travel to NFL playoffs games to Iowa's presidential caucuses.

https://fortune.com/2024/01/16/winter-storm-weather-warnings-flights-canceled/


Toxic customers, unproductive employees, and contagious pessimism: How the hopelessness epidemic is taking the workplace by storm

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The workforce has made a huge shift from empathetic to cynical over the last few years.

https://fortune.com/2024/01/16/toxic-customers-unproductive-employees-contagious-pessimism-hopelessness-epidemic-work-careers-moss-fisher/


‘Succession’, ‘The Bear’ and ‘Beef’ dominate Emmys as host Anthony Anderson uses mother to keep winner speeches short

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It was not a night of upsets, with most predictions holding. But it was not without pleasant surprises, including a series of cast reunions of shows like “The Sopranos,” “Cheers,” “Grey’s Anatomy,” “Ally McBeal” and more.

https://fortune.com/2024/01/16/succession-bear-beef-dominate-emmys-host-anthony-anderson-mother-keep-winner-speeches-short/


Washington state sues to stop $25 billion merger of Kroger and Albertsons grocery chains, claiming it will lead to higher prices

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Kroger and Albertsons have more than 300 locations in the state and account for more than half of its grocery sales, according to the suit.

https://fortune.com/2024/01/16/washington-state-sues-stop-25-billion-merger-kroger-albertsons-grocery-chains-higher-prices/


Trump heads back to court after big Iowa win to face jury setting payout over E. Jean Carroll sex abuse and defamation claims

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Carroll, 80, seeks $10 million in compensatory damages and millions more in punitive damages.

https://fortune.com/2024/01/16/donald-trump-e-jean-carroll-trial-payout/


Trump tightens grip on Republican Party with victory in Iowa caucuses

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Trump showed significant strength among urban, small-town and rural communities, according to AP VoteCast.

https://fortune.com/2024/01/15/donald-trump-wins-iowa-caucuses-republican-primary-ap/


How to watch the Emmy Awards for free—without cable

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Everything old is new again.

https://fortune.com/2024/01/15/watch-stream-75th-emmy-awards-2023-2024-live-online-free-without-cable-what-channel-fox/


'Succession' auction fetches $25,000 for Roman Roy's eulogy notes

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Roman’s sad, pink notecards with that eulogy never spoken were not the only scribbled words that went for a fortune.

https://fortune.com/2024/01/15/succession-props-auction-roman-roy-eulogy-notes/


Bad-faith reverse-discrimination claims hurt America’s economic future and global standing

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Race-based discrimination is estimated to have set America back over $50 trillion since 1990 alone.

https://fortune.com/2024/01/15/bad-faith-reverse-discrimination-claims-hurt-americas-economic-future-and-global-standing-investing-dei-politics/


Victims' group accuses company behind disgraced boy band producer of ducking meetings and failing to pay compensation

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Johnny Kitagawa, who died in 2019, was never charged and remained powerful in the entertainment industry.

https://fortune.com/2024/01/15/johnny-kitagawa-sexual-abuse-scandal-victims-group-smile-up-compensation/


DEI backlash has companies quietly changing their programs to avoid wave of lawsuits alleging discrimination

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A case against the Fearless Fund alleges that one of its grant programs discriminates against non-Black women and asks the courts to imagine a similar program designed only for white applicants.

https://fortune.com/2024/01/15/dei-backlash-fearless-fund-companies-changing-programs-avoid-wave-lawsuits-alleging-discrimination/


AI's impact and lack of coordinated AI regulation 'could change the course of history not necessarily for the good’, warns Swiss banking watchdog

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“We know that it is impossible to solve the challenges posed by topics such as AI or climate without a common international agreement,” the Spanish bank governor said.

https://fortune.com/europe/2024/01/15/ai-impact-lack-regulation-change-course-history-swiss-banking-watchdog-de-cos/


RTO battle heats up as quarter of companies plan office investment

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Capgemini's CEO said companies were beginning to find an "equilibrium" of hybrid work.

https://fortune.com/europe/2024/01/15/rto-employers-favor-quarter-businesses-upping-real-estate-purchases-capgemini/


Adidas CEO gave out his number to 60,000 employees to boost moral after that Kanye West crisis at the company: ‘Some people think I’m crazy’

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In the weeks that followed, Gulden heard from employees—to the tune of 200 messages a week, at one point—who suggested changes at the company.

https://fortune.com/europe/2024/01/15/adidas-ceo-bjorn-gulden-gives-number-60000-employees-boost-moral-kanye-west-crisis/


Apple offers a rare $70 discount on the iPhone 15 in China as competitors from Huawei and Honor eat into its market share

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Analysts say the iPhone maker is facing challenge from Huawei in the premium-end of the smartphone market.

https://fortune.com/asia/2024/01/15/apple-offers-discount-china-iphone-huawei-honor-smartphone/


WEF president: 'It’s time to revitalize trade—and reverse the trend of Slowbalization'

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"There can be no recovery without a trade recovery," argues Børge Brende, president of the World Economic Forum.

https://fortune.com/2024/01/15/wef-president-borge-brende-revitalize-trade-globalization-slowbalization/


7 immune-boosting foods to eat when you're sick with COVID or flu

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Eating small, frequent meals and staying hydrated is key to recovery.

https://fortune.com/well/article/what-to-eat-with-covid-flu/


Will the 75 Hard challenge help you lose weight and get fit? Here’s everything you need to know about the ‘mental toughness’ program

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Be warned: Experts say, just because something’s hard to do doesn’t mean it works.

https://fortune.com/well/article/75-hard-challenge-rules-benefits-risks-alternatives/


Hyundai will give U.S. EV buyers as much as $7,500 in cash bonuses to compete with domestic autos that qualify for tax credits

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Hyundai’s EVs couldn’t meet the requirements under the clean vehicle tax credit program, which aims to encourage domestic production of EVs and components.

https://fortune.com/asia/2024/01/15/hyundai-us-ev-buyers-7500-cash-bonuses-compete-domestic-autos-tax-credits/


BMW says peak combustion engine has passed as EVs car sales now drive its growth: ‘The tipping point for combustion engines was last year’

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The German premium-car maker has well-filled order books for battery cars with a target of half a million vehicle sales this year.

https://fortune.com/europe/2024/01/15/bmw-peak-combustion-engine-ev-car-sales-drive-growth/


Hong Kong’s Cathay Pacific is slashing the amount of time it takes to become a captain as it tries to battle a manpower crunch

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Cathay Pacific is premptively cancelling flights so to ensure smooth operations during the busy Lunar New Year travel period.

https://fortune.com/asia/2024/01/15/cathay-pacific-cuts-flying-hours-captain-labor-crunch-hong-kong/


Elon Musk predicts Vivek Ramaswamy will 'far exceed the polls' in Iowa caucuses despite Trump's late attacks

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The Tesla and SpaceX billionaire agreed that the GOP presidential candidate is poised to "shock the world."

https://fortune.com/2024/01/14/elon-musk-vivek-ramaswamy-iowa-caucuses-trump/


UK police arrest Palestine Action activists allegedly planning London Stock Exchange damage—possibly 'part of a planned week of action'

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The UK has seen widespread protests against the war in Gaza since it began in October.

https://fortune.com/europe/2024/01/14/uk-police-arrest-palestine-action-activists-allegedly-planning-london-stock-exchange-damage/


DEI opponents are using a Civil Rights Act section to go after a VC fund that invests in businesses owned by women of color: 'It’s a very clever game plan'

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Section 1981 prohibits racial discrimination in private employment against white people as well as people of color.

https://fortune.com/2024/01/14/dei-opponents-civil-rights-act-section-fearless-fund/


Clean energy projects keep getting derailed by local opposition. Now states are trying to grab enough power to overrule it

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Local officials say giving states the power to site large-scale energy projects clashes with cherished U.S. political principles.

https://fortune.com/2024/01/14/renewable-energy-projects-local-opposition-states-seek-power-to-overrule/


'Mean Girls' beats Jason Statham's 'Beekeeper' and Jay-Z produced 'Book of Clarence' at box office

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The Paramount release, adapted from the Broadway musical, inspired groups of female friends to go to theaters together.

https://fortune.com/2024/01/14/box-office-mean-girls-beats-jason-statham-beekeeper-and-jay-z-produced-book-of-clarence-movies/


China sees $157B rout in consumer stocks as price wars, lack of confidence, and weak income growth take their toll: 'No player is immune'

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Weak demand is leading to a deflationary environment, affecting everything from electric vehicles to fast food.

https://fortune.com/asia/2024/01/14/china-economy-consumer-stocks-rout-price-wars-lack-of-confidence-weak-income-growth-deflation/


Apple is moving an AI team from San Diego to Austin. Most of them are unwilling to relocate

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Employees who are willing to relocate to Austin will be able keep their roles, Apple said.

https://fortune.com/2024/01/14/apple-moving-ai-team-from-san-diego-to-austin-but-most-unwilling-to-relocate/


Biden's climate law enriches middlemen while leaving less money for green projects, says clean-energy investor overseeing $50B in assets

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Impax Asset Management hailed the Inflation Reduction Act at first, but now sees too many hurdles created by it.

https://fortune.com/2024/01/14/biden-climate-law-enriches-middlemen-impax/


Bill Ackman backs Dean Phillips, saying the Democratic challenger to Joe Biden has ‘a credible path to winning’

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The billionaire investor predicted the Democratic Party will “have no choice” but to nominate the Minnesota lawmaker.

https://fortune.com/2024/01/14/bill-ackman-backs-dean-phillips-democrat-challenging-joe-biden/


How the immigrant inventor of Edible Arrangements turned a modest loan at age 17 into a multi-million dollar business

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"I’ve been lucky enough to live within my means."

https://fortune.com/2024/01/14/how-edible-arrangements-tariq-farad-made-first-million/


High-net worth families are racing against the clock to shield their wealth before the estate tax increases

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"This is the number one issue that’s looming large in peoples’ minds."

https://fortune.com/2024/01/14/high-net-worth-families-trying-shield-wealth-estate-tax-increasing/


How the Rubik’s Cube has lived to 50 years—and continues to be a rage among Gen Z and beyond

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Erno Rubik’s Cube is still selling millions after 50 years—but it refuses to be frozen in time.

https://fortune.com/europe/2024/01/14/rubiks-cube-erno-rubik-spin-master-50-years-speed-cubing-games-gen-z/


Memorabilia auction for HBO’s ‘Succession’ takes in $627,000 as fans scoop up props, including Tom Ford sneakers at $2,125

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One of the most iconic items listed was a “ludicrously capacious” Burberry bag that sold for $18,750.

https://fortune.com/2024/01/13/hbo-succession-memorabilia-auction-tom-ford-sneakers-burberry-bag/


The winter storm hitting Buffalo is so brutal the NFL is postponing a playoff game between the Bills and Steelers

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"We don’t want 60,000 to 70,000 people traveling to the football game in what’s going to be horrible conditions."

https://fortune.com/2024/01/13/nfl-postpones-bills-steelers-wildcard-playoff-winter-storm/


Norway just opened an area bigger than Ecuador to deep-sea mining activities—a move that could hurt the environment while helping EV makers

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In Norway’s seabed, the copper reserves alone are projected to be nearly twice the annual global production of the metal.

https://fortune.com/europe/2024/01/13/norway-deep-sea-mining-environment-ev-makers-green-transition/


With carmakers in a ‘state of shock’ over Tesla-beating BYD’s prices, EU investigators will visit China’s EV giants as part of an anti-subsidy probe

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The visits will help determine whether the bloc imposes higher tariffs on Chinese EVs priced so low they're "distorting" the market.

https://fortune.com/2024/01/13/china-electric-vehicles-eu-anti-subsidy-probe-tesla-beating-byd-prices-shock-carmakers/


Biden says 'we do not support independence' for Taiwan after its election returns party seeking to limit Beijing's influence

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Biden's comment appears intended to assuage concerns in China, which has long claimed that Taiwan is its territory.

https://fortune.com/2024/01/13/biden-taiwan-election-independence-china/


Mike Lindell suggests Fox News is trying to silence him by stopping MyPillow ads while network says his company hasn't paid the bills

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Lindell said he also suspects Fox is sore because his online channel recently hired former Fox Business host Lou Dobbs.

https://fortune.com/2024/01/13/mike-lindell-fox-news-mypillow-ads-lou-dobbs-donald-trump/


How to watch or stream the NFL Wild Card Playoffs live online free without cable

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12 teams fight to stay alive.

https://fortune.com/2024/01/13/watch-stream-nfl-football-games-live-online-free-without-cable-2023-season-wild-card-playoffs-what-channel-fox-cbs-abc-nbc-espn-peacock/


FAA hardens stance on grounded 737 Max 9 jets, demands more data from Boeing: 'Our only concern is the safety of American travelers'

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FAA administrator Mike Whitaker said, "We are working to make sure nothing like this happens again."

https://fortune.com/2024/01/13/faa-hardens-737-max-9-stance-demands-more-boeing-data/


Bill Ackman 'just fixing things' with moves against university leaders and diversity programs: 'That’s what I do'

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The billionaire investor has been an arbiter of how companies should behave. Now he’s dictating terms far beyond the business world.

https://fortune.com/2024/01/13/bill-ackman-fixing-things-university-leaders-diversity-programs-dei/


Donald Trump has to pay The New York Times $400,000 in legal fees over their story about his wealth and taxes

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The story won a Pulitzer Prize in 2018.

https://fortune.com/2024/01/13/donald-trump-ordered-pay-new-york-times-400000-legal-attorney-fees/


Jamie Dimon says San Francisco is in 'far worse shape' than New York—and the data agrees

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The JPMorgan CEO Dimon said San Francisco officials hadn’t taken care of the essentials citizens need like public safety and affordable housing.

https://fortune.com/2024/01/13/jamie-dimon-says-san-francisco-in-far-worse-shape-than-new-york-city/


Taiwan’s Democratic Progressive Party wins third presidential term as victor Lai Ching-te thanks voters for ‘new chapter’ in the island’s democracy

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The election has implications for Taiwan’s relationship with the People’s Republic of China, a significant source of geopolitical tension.

https://fortune.com/asia/2024/01/13/taiwan-democratic-progressive-party-wins-third-presidential-term-lai-ching-te-election/


Bosses are using RTO mandates as a way to ‘blame employees as a scapegoat for bad firm performance,’ new research finds

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A new working paper finds that return to office mandates don’t actually improve a company’s financial performance—despite bosses saying it will.

https://fortune.com/2024/01/13/managers-scapegoating-workers-return-to-office/


3M’s CEO is set to score a $26 million pension while the company freezes plans for non-union employees

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3M announced that it would freeze pensions for non-unionized employees and shift to a 401(k) retirement plan in 2028.

https://fortune.com/2024/01/13/3m-ceo-26-million-pension-company-changes-benefits-workers/


Ruptured supply chains, rising oil prices, and resurgent inflation. The Red Sea crisis is rekindling memories of the Ukraine War—but this time could be different

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When it comes to longer term economic impacts of the Red Sea crisis: The "most honest answer" experts can give is "I have no idea” at this point, Unlimited's Bob Elliott told Fortune.

https://fortune.com/2024/01/13/red-sea-supply-chains-oil-prices-inflation-ukraine-war-impact/


The multi-billion dollar sleep tourism industry is booming as more Americans travel to rest in AI-powered beds and suspended cocoons

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Taking a vacation to sleep. Ever tried it?

https://fortune.com/well/article/sleep-tourism-wellness-travel/


What could Bob Iger be looking for in Disney’s next CEO?

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With a sinking share price and intense competition in the streaming wars, Disney may not be looking for a Bob Iger 2.0 to take the company into the future.

https://fortune.com/2024/01/13/bob-iger-disney-next-ceo-succession-plan/


‘Disease X’ could cause the next pandemic, according to the WHO—or Ebola, SARS, or Nipah. 9 pathogens researchers are keeping a watchful eye on

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'Disease X' isn't a threat yet, as far as we know. Here are nine other pandemic threats the World Health Organization is keeping a watchful eye on.

https://fortune.com/well/2024/01/12/what-is-disease-x-world-economic-forum-pandemic-planning/


Microsoft surpasses Apple to become the world's most valuable company for the first time in 2 years as the iPhone maker hits a patch of 'nothing special'

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While both were part of the so-called Magnificent 7’s powerful rally in 2023, their fortunes have diverged this year.

https://fortune.com/2024/01/12/microsoft-surpasses-apple-most-valuable-public-company/


Falling mortgage rates don’t mean falling home prices, Capital Economics says, revising its forecast up for the year

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The research firm’s property economist, Thomas Ryan, called its house price forecast “well above the consensus,” in a new research note.

https://fortune.com/2024/01/12/capital-economics-housing-market-forecast-home-prices-mortgage-rates-sales/


COVID levels are up to 19 times higher than reported, WHO says as it warns of the potential dangers of repeat reinfection: ‘We don’t know everything about this virus’

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Because most people have some immunity to COVID, “we don’t necessarily know how often we’re getting infected,” a WHO spokesperson said.

https://fortune.com/well/2024/01/12/covid-jn1-pandemic-world-health-organization-warns-dangers-repeat-covid-infection-cardiac-pulmonary-neurologic/


Capital One Venture X rewards card review: Premium travel benefits at a reduced price

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The Capital One Venture X Card includes valuable travel benefits with an annual fee that's up to $300 less than competitors.

https://fortune.com/recommends/credit-cards/capital-one-venture-x-rewards-card-review/


Amazon's hundreds of reported job cuts show the tech giant bit off more than it could chew with streaming and movies

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Amazon cuts jobs in its entertainment divisions as it undergoes a reckoning with its media business.

https://fortune.com/2024/01/12/amazon-layoffs-prime-video-mgm-studios-twitch-streaming-movies-tv-andy-jassy/


Bronx golf course dumps 'Trump Links' name

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Mayor Eric Adams described the lease takeover as a major upgrade for the Bronx. “This day is about so much more than the changing of a sign."

https://fortune.com/2024/01/12/bronx-golf-course-dumps-trump-links-name-ballys/


Gary Gensler says SEC decision to approve spot ETFs isn’t an endorsement: ‘Bitcoin, itself, we did not approve’

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Gensler said the Securities and Exchange Commission may have approved the ETFs, but he does not endorse Bitcoin.

https://fortune.com/crypto/2024/01/12/gary-gensler-sec-spot-bitcoin-etf-approvals-cnbc-interview/


What is the difference between a data scientist and data analyst?

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The occupations are very closely related—and growing at rapid speeds—but how do they differ?

https://fortune.com/education/articles/data-scientist-vs-data-analyst/


Formula E team used AI influencer in attempt to promote diversity—she lasted two days following backlash

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Fans slammed Mahindra's Formula E racing team for opting for female AI influencer 'Ava' instead of a real life woman.

https://fortune.com/2024/01/12/mahindra-racing-formula-e-ai-influencer-ava/


Jamie Dimon's dominance of Wall Street capped by the most profitable year in banking history, blowout forecast for 2024

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JPMorgan CEO Dimon hailed 2023's record results and forecast a rise to $90 billion of net interest income for 2024, where analysts saw a 2% drop.

https://fortune.com/2024/01/12/jamie-dimon-jpmorgan-fourth-quarter-earnings-record-results-forecast-outlook/


How to use Medicare Advantage Open Enrollment to switch plans or move into Traditional Medicare

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This is a key year to think about making a switch due to trends in Medicare Advantage plans, rising prescription costs and Medicare itself.

https://fortune.com/well/article/how-to-use-medicare-advantage-open-enrollment-to-switch-plans/


Europe's largest economy, struggling to pull itself out of recession, hit with rail strikes and farmers' protests to start 2024

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Chancellor Olaf Scholz is slipping in polls, while a surging far-right party is backing the protesting farmers, who are losing some of their precious subsidies.

https://fortune.com/europe/2024/01/12/how-bad-german-economy-recession-farmer-protests-rail-strikes/


What is the difference between data science and data analytics?

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The fields have one big thing in common: data. But what distinguishes the two topics?

https://fortune.com/education/articles/data-science-vs-data-analytics/


NFL Hall of Famer Michael Strahan's 19-year-old daughter is fighting cancer: 'I don’t know what I would do without her'

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Isabella Strahan is undergoing treatment for brain cancer.

https://fortune.com/well/2024/01/12/michael-strahan-daughter-brain-cancer-isabella/


United Airlines flight grounded after pilots alerted over potential door issue—but it wasn't a Boeing plane

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The plane carried 123 passengers and five crew members and was airborne for less than an hour, according to FlightAware.

https://fortune.com/2024/01/12/united-airlines-flight-grounded-airbus-door-alert-pilots/


Wholesale prices in December went in reverse even as consumer inflation heated up

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Producer prices fell for the third month in a row in December, declining 0.1% and rising a mild 1% on an annual basis.

https://fortune.com/2024/01/12/wholesale-prices-ppi-december-fall-consumer-prices-rise/


Citigroup to cut 20,000 jobs, take up to $1 billion charge as CEO Jane Fraser vows '2024 will be a turning point'

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“The fourth quarter was very disappointing,” Fraser said as revenue slumped 25% to $2.6 billion.

https://fortune.com/2024/01/12/citigroup-20000-job-cuts-jane-fraser-layoffs-1-billion-charge/


6 reasons to do a credit card balance transfer—and 5 reasons not to

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Balance transfers are wildly underrated tools for crushing credit card debt, but they’re not without hidden drawbacks. So before you initiate one, let’s explore the pros and cons.

https://fortune.com/recommends/credit-cards/6-reasons-to-do-a-credit-card-balance-transfer-and-5-reasons-not-to/


Today is 'Quitter's Day,' when most people give up on their New Year's resolutions. Here are 3 ways to restart yours

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Reframe your goals with these tips.

https://fortune.com/well/article/quitters-day-new-years-resolutions-how-to-restart/


Exclusive: Genesis reaches settlement with New York regulator, will forfeit BitLicense and pay $8 million fine

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The agreement with the NY Department of Financial Services comes on the heels of a major lawsuit by the state's attorney general.

https://fortune.com/crypto/2024/01/12/genesis-settlement-department-financial-services-barry-silbert-bitlicense-crypto/


CEO behind Drake's $400K bed doesn't consider his mattresses to be 'luxury products'

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Jan Ryde, the fifth-generation CEO of Hästens, is the supplier to the Swedish Royal family and his beds have appeared in Netflix hit Emily in Paris.

https://fortune.com/europe/2024/01/12/jan-ryde-hastens-drake-bed-luxury-sleep-mattress/


Biden accelerates new student loan cancelation plan that will benefit some Americans starting in February

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Borrowers will be eligible for cancellation if they are enrolled in the new SAVE plan, if they originally borrowed $12,000 or less to attend college, and if they have made at least 10 years of payments.

https://fortune.com/2024/01/12/biden-accelerates-new-save-student-loan-cancelation-plan-starting-february/


Trump re-election 'clear threat' to the US: ECB chief

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Christine Lagarde has major concerns about a second Trump presidency based on his record on defense, trade, and the environment.

https://fortune.com/europe/2024/01/12/trump-re-election-clear-threat-europe-economy-central-bank-chief-christine-lagarde-warns/


Luxury trench coat maker Burberry is buttoning up for gloomy earnings report after Christmas washout

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“Unlike your average fashion retailer, it is simply not the Burberry way to slash prices and hope bargains lure in shoppers,” AJ Bell's Russ Mould said.

https://fortune.com/europe/2024/01/12/luxury-trench-coat-burberry-earnings-annual-profit-christmas-sales/


Minnesota capital St. Paul makes history as first large U.S. city with all-female council

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All seven women are under 40 years old, and six out of the seven are women of color.

https://fortune.com/2024/01/12/minnesota-capital-st-paul-makes-history-first-large-us-city-all-female-council/


Hunter Biden pleads not guilty to federal charges on dodging $1.4m in taxes after his earlier plea deal imploded

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Hunter Biden has been accused of nine felony and misdemeanor tax offenses.

https://fortune.com/2024/01/12/hunter-biden-pleads-not-guilty-federal-charges-dodging-14m-taxes-plea-deal-imploded/


Trump defies judge with 6-minute courtroom speech on tense final day of New York civil fraud trial: ‘I’m being persecuted by someone running for office’

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Judge Arthur Engoron let him continue almost uninterrupted for what amounted to a brief personal summation, then cut him off for a scheduled lunch break.

https://fortune.com/2024/01/12/trump-defies-judge-6-minute-courtroom-speech-final-day-new-york-civil-fraud-trial-im-being-persecuted/


Tesla will raise factory worker wages as UAW tries to organize its EV plants

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The Tesla raises come after nearly all companies with nonunion auto plants announced worker pay increases shortly after the UAW contracts were ratified.

https://fortune.com/2024/01/12/tesla-raise-factory-worker-wages-uaw-tries-organize-ev-plants/


Apple undergoes its biggest board shakeup in years as 2 longtime directors depart, including Al Gore

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Gore was the longest-serving member — having joined in 2003, when co-founder Steve Jobs was CEO and the iPhone didn’t yet exist.

https://fortune.com/2024/01/11/apple-board-shakeup-al-gore/


Highly mutated COVID variant ‘Pirola’ JN.1 is spawning. Its descendants are climbing the charts, as the global death toll mounts

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“Pirola” JN.1 may be the beginning of a new chapter in the pandemic, some experts said. Now its descendants are spawning—and appear to be on a path to dominance.

https://fortune.com/well/2024/01/11/covid-pirola-jn1-spawn-climbing-charts-global-death-toll-hositalizations-grow/


Your pastor is burned out from the pandemic, too. Over half are thinking about leaving, survey says

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“I am exhausted," said one pastor. "People have moved away from the area and new folks are fewer, and farther, and slower to engage."

https://fortune.com/2024/01/11/church-pastor-burnout-clergy-religion-post-pandemic/


These are the best CD rates in New Hampshire today

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Give your savings a boost and put your money in a CD that offers one of the top rates available in New Hampshire.

https://fortune.com/recommends/banking/cd-rates-new-hampshire/


NC couple is selling it all to live in a van for two years

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They’ll drive from Alaska to Argentina.

https://fortune.com/2024/01/11/van-life-north-carolina-couple-sell-belongings-2-year-road-trip/


Navigating AI skills: How organizations hire the right people to leverage generative AI

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Opportunities for AI-fueled productivity are being put on hold because of the gap in skills required to execute on them.

https://fortune.com/2024/01/11/toptal-generative-ai/


Boeing under federal investigation for door blowout that 'should have never happened and it cannot happen again'

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The FAA notified Boeing of the probe in a letter, giving the aircraft maker 10 business days to present evidence or statements in its defense.

https://fortune.com/2024/01/11/boeing-federal-investigation-737-9-max-faa-probe/


The $40 billion AI mania sprouts a tech incubator program in the unlikeliest place: Major League Soccer

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The soccer league is launching a formal startup incubator program with six companies from across the world. Yes, some of them are AI startups.

https://fortune.com/2024/01/11/mls-innovation-labs-startup-incubator-artificial-intelligence-ai-soccer-messi/


MLS, Apple TV to make 8-part docuseries produced by 'Formula 1: Drive to Survive' veterans

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Apple didn't disclose numbers after the arrival of Lionel Messi, but CEO Tim Cook said that was the reason Apple TV beat subscriber targets.

https://fortune.com/2024/01/11/mls-apple-tv-partnership-docuseries-netflix-formula-1-drive-to-survive/


The World Brewing Alliance: ‘Here’s why the global beer industry wants you to do Dry January’

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The beer industry has made large investments to allow consumers the choice of controlling their alcohol intake without sacrificing their enjoyment.

https://fortune.com/2024/01/11/beer-industry-supports-dry-january-drink-lifestyle-health-justin-kissinger/


Are you a frequent traveler craving a credit card with flexible perks?

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A straightforward credit card earning a solid 1.5% cash back is a great starting point for those dipping their toe into credit card rewards.

https://fortune.com/recommends/credit-cards/capital-one-quicksilver-cash-rewards-review/


Circle files for IPO in the wake of spot Bitcoin ETF approval

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The company issues the $25 billion U.S. dollar-pegged USDC stablecoin.

https://fortune.com/crypto/2024/01/11/circle-ipo-spac-jeremy-allaire-stablecoins/


Meet the AI-powered robots that could change the multibillion-dollar window-cleaning industry forever

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Window washing is a dangerous business, so most buildings only book window washers once a year, if that. But that may change with AI-driven robots that can scale the sides like Spider-Man.

https://fortune.com/2024/01/11/ai-make-business-better-window-cleaners/


Musk risks more X advertising revenue by weighing in on diversity debate about Black people’s IQ

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After endorsing antisemitic comments that sparked an advertiser exodus from X, the Tesla CEO asks “Do you want to fly in an airplane where they prioritized DEI hiring over your safety?”

https://fortune.com/2024/01/11/elon-musk-dei-diversity-racism-blacks-boeing-united-airlines-aviation-safety/


Bitcoin gains more than 5% as crypto industry celebrates SEC’s approval of spot ETFs

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The Securities and Exchange Commission approved 11 applications to create a spot Bitcoin ETF Wednesday.

https://fortune.com/crypto/2024/01/11/bitcoin-gains-crypto-spot-etfs-approval-sec-gary-gensler/


Inflation ticks up on both monthly, annual basis, signaling bumpy ride ahead in supposed soft landing for the economy

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Overall prices rose 0.3% from November and 3.4% from 12 months earlier, compared to respective increases of 0.1% and 3.1% the previous month.

https://fortune.com/2024/01/11/december-inflation-increases-consumer-price-index-economy-soft-landing-bumpy/


Former bank manager stands to scoop $637K settlement after being fired for using the N-word in anti-racism class

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Ex-Lloyds banker Carl Neal-Borg says being a white middle-aged man is ‘the worst thing you can be’.

https://fortune.com/europe/2024/01/11/carl-neal-borg-lloyds-settlement-n-word/


Ex-Goldman Sachs recruiting head sues bank for $1.3m, claiming it pushed him so hard he developed a major depressive disorder and heart issues

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Ian Dodd, Goldman’s global head of recruiting in London between 2018 and 2021, claims in the suit that he was subjected to impossible demands and excessive working hours.

https://fortune.com/europe/2024/01/11/ex-goldman-sachs-recruiting-head-sues-bank-million-claiming-developed-major-depressive-disorder-heart-issues/


Mark Zuckerberg is embarking on his 'most delicious' endeavor yet: Raising beer-drinking cattle on his $100 million estate in Hawaii

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"It's fun improving on it every season," he added. "Of all my projects, this is the most delicious."

https://fortune.com/2024/01/11/mark-zuckerberg-hawaii-ranch-rearing-cattle/


Jennifer Garner-Hamdi Ulukaya: ‘1 in 5 American kids may go to bed hungry tonight–and unprecedented attacks on the 50-year-old bipartisan WIC program could make the situation even worse’

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'Our country has never turned its back on hungry children. But unless Congress acts to provide full funding by Jan. 19, we will have done just that.'

https://fortune.com/2024/01/11/jennifer-garner-hamdi-ulukaya-1-in-5-american-kids-hungry-unprecedented-attacks-bipartisan-wic-program-congress-garner-ulukaya/


Rural hospitals are caught in an aging-infrastructure conundrum

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Small, community hospitals face challenges in paying for the capital improvement projects they need to stay open.

https://fortune.com/well/2024/01/11/rural-hospitals-are-caught-in-an-aging-infrastructure-conundrum/


Tech world’s hopes for 2024 dashed with early wave of layoffs at Amazon, Google and Unity

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Though smaller than the cuts a year ago from Meta and Salesforce, the moves show the tech industry still isn’t back to the rapid growth it saw for much of the last decade.

https://fortune.com/2024/01/11/tech-world-hopes-2024-dashed-early-wave-layoffs-amazon-prime-video-twitch-google-unity/


Move over, Singapore and Japan—4 European countries now also top the world’s most powerful passports list

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Residents of France, Germany, Italy and Spain now have visa-free access to 194 of 227 destinations, three more than last year.

https://fortune.com/europe/2024/01/11/move-over-singapore-japan-4-european-countries-top-world-most-powerful-passports-list/


Nick Saban's reported retirement ends the reign of the greatest coach in college football history. Read Fortune's profile from 2012, the peak of his powers

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The University of Alabama Crimson Tide used to have the legacy of "Bear" Bryant. Now it will have the Sagan legacy, too.

https://fortune.com/2024/01/10/nick-saban-retirement-fortune-profile-alabama-championship/


Ron DeSantis, crusading against anti-Semitism, orders Florida schools to waive some deadlines, requirement and out-of-state tuition for victims of religious harassment

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When it comes to campus safety, "I’m not sure that our Florida schools are any different than what’s going on elsewhere in the nation,” said one state lawmaker.

https://fortune.com/2024/01/10/ron-desantis-antisemitism-college-admission-harassment/


Grandparents and even great-grandparents are projected to live longer by the end of the century. But don't expect them to help with childcare

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"The availability of kinship resources is declining worldwide," one researcher said.

https://fortune.com/well/2024/01/10/longer-life-expectancy-worldwide-century-smaller-families-older-grandparents-caregiving/


The economy just handed boomers another win—the U.S. housing market nearly doubled in a decade to a record $23 trillion

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U.S. homeowners with mortgages were sitting on $23 trillion in housing wealth at the end of 2022.

https://fortune.com/2024/01/10/home-value-equity-baby-boomer-winning-housing-market/


FDA allows imports of French syphilis drug alternate during US penicillin shortage

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While as little as one injection of penicillin G benzathine can cure syphilis, the shortage prompted U.S. health officials to recommend giving some patients another antibiotic that requires of weeks of twice-daily pills.

https://fortune.com/well/2024/01/10/fda-allows-import-french-syphilis-drug-us-shortage-pfizer/


This time, the SEC means it: BlackRock and Grayscale among 11 firms finally approved for spot Bitcoin ETFs

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The agency was forced into action after a landmark court victory by the crypto firm Grayscale and the arrival of major players like BlackRock and Fidelity.

https://fortune.com/crypto/2024/01/10/sec-bitcoin-etfs-gary-gensler-blackrock-fidelity-hacking/


Trump stripped of approval to deliver his own closing remarks in fraud case, after judge signalled openness

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Judge Arthur Engoron denied the former president as it was not clear Trump would stick to "relevant" matters.

https://fortune.com/2024/01/10/donald-trump-closing-arguments-fraud-trial-denied-judge-arthur-engoron/