Biden says ‘everybody must condemn’ attack on Trump as campaign halts messaging to supporters and pulls TV ads

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24196010044512-e1720919009395.jpg?w=2048

“We cannot allow this to be happening,” Biden said. “The idea that there’s violence in America like this is just unheard of."

https://fortune.com/2024/07/13/joe-biden-donald-trump-shooting-campaign-halts-messaging-supporters-tv-ads/


Trump confirms bullet hit his ear as shooting is being investigated as assassination attempt; Prosecutor says gunman and 1 attendee are dead

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24195803071965-e1720909851819.jpg?w=2048

Trump's campaign said in a statement that the former president was “fine” after the shooting in Butler, Pennsylvania.

https://fortune.com/2024/07/13/donald-trump-gunshots-butler-pennsylvania-campaign-rally-secret-service-agents/


Elon Musk endorses Trump after shooting at campaign rally as political risk expert warns ‘US democracy in crisis’

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2151277359-e1720913744174.jpg?w=2048

"I fully endorse President Trump and hope for his rapid recovery," Musk tweeted.

https://fortune.com/2024/07/13/donald-trump-campaign-shooting-reaction-elon-musk-tesla-us-democracy/


Donald Trump taken off stage during rally after apparent gunshots rang through the crowd; campaign says he is ‘fine’

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Trump quickly ducked behind the riser as agents from his protective detail rushed the stage and screams rang out from the crowd.

https://fortune.com/2024/07/13/donald-trump-gunshots-butler-pennsylvania-campaign-rally-secret-service-agents/


Donald Trump taken off stage by Secret Service during campaign rally after apparent gunshots rang through the crowd

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24195803071965-e1720909851819.jpg?w=2048

Trump quickly ducked behind the riser as agents from his protective detail rushed the stage and screams rang out from the crowd.

https://fortune.com/2024/07/13/donald-trump-gunshots-butler-pennsylvania-campaign-rally-secret-service-agents/


Call your shot: Investors are buying individual stocks at a record pace as market-beating bets dwindle to lowest ever

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1948600397-e1720904644838.jpg?w=2048

The percentage of S&P 500 stocks that are outperforming the index has fallen to a record low, diving below 25%, according to Apollo Global Management.

https://fortune.com/2024/07/13/stock-market-investing-buying-single-record-pace-sp500-beating-bets-lowest-ever/


A trip to Shanghai’s AI mega-conference showed me that China’s developers are still playing catch-up to Silicon Valley

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2160026935-e1720714745735.jpg?w=2048

Constraints on China and its developers will likely create two parallel AI ecosystems: one inside of China, and one outside of it.

https://fortune.com/asia/2024/07/13/shanghai-waic-ai-conference-china-ai-playing-catch-up-to-silicon-valley/


U.S. corporate bankruptcies are soaring above the pandemic-era peak, adding to the economic alarm bells piling up

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1575080734-e1720894054825.jpg?w=2048

June saw 75 filings, up from 62 in May and above the pandemic-era peak of 74 in July 2020, according to S&P Global Market Intelligence.

https://fortune.com/2024/07/13/economic-outlook-us-corporate-bankruptcies-pandemic-era-high-recession-warning-unemployment/


Janet Yellen is a fan of ‘Diners, Drive-ins and Dives,’ In-N-Out burgers, and visiting restaurants to go beyond economic data

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2141939759-e1720887645193.jpg?w=2048

"I certainly look at national data sets to understand what’s happening in the economy, but talking to people about what they’re experiencing is often really helpful in getting your mind around where people are coming from."

https://fortune.com/2024/07/13/janet-yellen-restaurants-eating-habits-diners-drive-ins-dives-in-n-out-economic-data/


One of the Beastie Boys said in his will that none of their songs could be used in an ad. Now the group is suing the parent company of Chili’s

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1136009591-e1720885429910.jpg?w=2048

The rap group alleged Brinker International created a Chili's ad that used significant portions of “Sabotage” and ripped off the song's music video.

https://fortune.com/2024/07/13/beastie-boys-lawsuit-chilis-ad-brinker-sabotage-song-music-video/


Hedge fund billionaires Ken Griffin and Paul Singer met with Trump about donating to his campaign despite past criticism

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2151203674-e1720883878793.jpg?w=2048

Singer warned in 2016 Trump’s trade ideas would guarantee a “global depression” and Griffin called the former president a “three-time loser” in 2022.

https://fortune.com/2024/07/13/ken-griffin-citadel-paul-singer-elliott-donald-trump-campaign-donation-meetings/


Laurene Powell Jobs buys mansion on San Francisco’s Billionaire’s Row for $70 million, a record high for the city

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1245265830-e1720881855670.jpg?w=2048

The sellers of the San Francisco mansion bought the home in 2011 for $33 million.

https://fortune.com/2024/07/13/laurene-powell-jobs-buys-mansion-san-francisco-billionaires-row-70-million-record-high/


Fired airline executive collects more than $1 million after getting the ax—and keeps his platinum travel status

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2153943741-e1720880083662.jpg?w=2048

The former executive negotiated a separation deal that allows AAdvantage Executive Platinum status and entry to Admirals Club lounges at his leisure.

https://fortune.com/2024/07/13/american-airlines-executive-vasu-raja-separation-deal-1-million-platinum-travel-perks/


Luxury gym CEO scopes out new locations for his $318-a-month fitness centers by standing outside train stations and grading potential members

https://fortune.com/img-assets/wp-content/uploads/2024/07/Colin-Waggett-1-e1720615953651.jpg?w=2048

At a price tag go $318-a-month, luxury gym Third Space’s members are successful millennials ‘living their best life’, according to CEO Colin Waggett.

https://fortune.com/europe/2024/07/13/third-space-ceo-colin-waggett-luxury-gym/


The German billionaire behind the ‘Olympics on steroids’ is a dinosaur egg-collecting film producer who takes mushroom trips twice a year

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2150217494-e1720792011437.jpg?w=2048

Christian Angermayer is a psychedelics mogul who thinks the world is ready for an Olympic-style games featuring juiced-up athletes.

https://fortune.com/europe/2024/07/13/german-billionaire-enhanced-games-christian-angermayer-olympics-steroids-dinosaur-egg-collecting-film-producer-mushroom-trips/


In a striking reversal, Tesla CEO Elon Musk donates to Trump’s reelection bid

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2158244111-e1720829924813.jpg?w=2048

Musk has yet to publicly endorse a candidate in the 2024 race.

https://fortune.com/2024/07/12/tesla-ceo-elon-musk-donates-to-trumps-reelection-bid/


Stunning tourist paradise marred by fatal plane crashes

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The latest helicopter crash in Kauai came after a series of deadly accidents last year.

https://fortune.com/2024/07/12/stunning-tourist-paradise-marred-by-fatal-plane-crashes/


Bank profits slide as people struggle with debt

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JPMorgan set aside $3.1 billion to cover potentially bad loans, up sharply from a year earlier, as delinquencies climb among some Americans.

https://fortune.com/2024/07/12/bank-profits-slide-as-people-struggle-debt-inflation/


The world’s top crude exporter has quadrupled imports of fuel oil to the highest level in more than 3 years

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1179701300-e1720822259109.jpg?w=2048

Shipments of fuel oil rose in June to the most since at least the end of 2020, and are expected to remain elevated this month.

https://fortune.com/2024/07/12/top-crude-exporter-saudi-arabia-fuel-imports-highest-level-power-demand-heat/


The world’s top HR association cuts ‘equity’ from its diversity program amid DEI backlash

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The Society for Human Resources Management said it will be adopting the acronym “I&D” — or inclusion and diversity — and removing the “E” from its previous “IE&D” strategy.

https://fortune.com/2024/07/12/dei-backlash-society-human-resources-management-diversity-equity-inclustion-tractor-supply/


Rudy Giuliani can’t use bankruptcy to skip out on $150 million in defamation damages, federal judge rules

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Giuliani was ordered to pay $148 million after accusing two Georgia election workers of

https://fortune.com/2024/07/12/rudy-giuliani-bankruptcy-dismissed-150-million-damages/


Texas hospitals are overwhelmed with people suffering from heat-related illnesses—’this wasn’t as big a problem five or 10 years ago’

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24193602829062-e1720816635990.jpg?w=2048

Patients suffering from heat-related illnesses is about triple the norm at this time of year.

https://fortune.com/2024/07/12/texas-hospitals-overwhelmed-heat-related-illnesses-storms-generators/


 A sacred 13,000 year old tree faces off with a California real estate development

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One of the world’s oldest living organisms is threatened by a new housing and industrial development in Riverside County.

https://fortune.com/2024/07/12/a-sacred-13000-year-old-tree-faces-off-with-a-california-real-estate-development/


FEMA is denying requests for aid as relief fund runs dry amid record number of costly disasters

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2161220084-e1720811707286.jpg?w=2048

“Practice self reliance. If you are waiting for the federal government to help, lower those expectations.”

https://fortune.com/2024/07/12/fema-aid-requests-denied-disaster-relief-fund-natural-disasters-hurricane-beryl/


Say goodbye to $6 Cheetos—snack companies finally lower prices

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$6 for a bag of chips has consumers looking elsewhere, executives said.

https://fortune.com/2024/07/12/say-goodbye-to-6-cheetos-snack-companies-finally-lower-prices/


Elon Musk and European Commissioner argue over ‘secret deal’ after regulators say X’s blue checks are deceptive

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The European Commission outlined the preliminary findings from its investigation into X under the 27-nation bloc's Digital Services Act.

https://fortune.com/2024/07/12/elon-musk-secret-deal-x-blue-check-european-commission-dsa-thierry-breton/


Working from home increased for the first time since the pandemic

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1382265997-e1720805229352.jpg?w=2048

Labor Department data shows the percent of people working remotely is stabilizing, indicating it’s truly becoming the status quo.

https://fortune.com/2024/07/12/working-from-home-remote-work-hybrid-work-generation-z-millennials-work-life-balance/


Tech’s war for AI talent is creating a ‘massive consolidation’ problem, lawmakers say

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1659532110-e1720803084232.jpg?w=2048

So-called “acqui-hires,” in which one company acquires another to absorb talent, allow companies to avoid regulatory scrutiny.

https://fortune.com/2024/07/12/ai-massive-consolidation-big-tech-ron-wyden/


Jamie Dimon: Prices will be higher for longer

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The JPMorgan Chase CEO also warned that geopolitical instability could present future risks.

https://fortune.com/2024/07/12/jamie-dimon-inflation-geopolitics-cpi-sticky-high-prices/


Tesla’s AI dreams may ‘materialize on a longer time horizon (or not at all),’ UBS warns

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2158244129-e1720795734896.jpg?w=2048

“While TSLA is investing heavily in AI and the tech is making progress, investment is costly, pace of improvement may slow and the payoff is long dated,” UBS analyst Joseph Spak warned.

https://fortune.com/2024/07/12/tesla-downgrade-sell-ubs-ai-dreams-longer-expected-not-at-all/


Rents are reheating after flatlining for some time

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“The months long slowdown in the rental market appears to be leveling off as the busy summer season kicks off,” according to Zillow.

https://fortune.com/2024/07/12/rents-reheating-after-flatlining-falling-housing-market-costs-inflation/


Officials say food prices are dropping but shoppers aren’t buying it

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The impending election may be leading some Americans to feel uncertain about the trajectory of the economy.

https://fortune.com/2024/07/12/consumer-sentiment-inflation-eight-month-low-election/


Mark Cuban calls on SEC to fire Chairman Gary Gensler

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1998488088-e1720794082933.jpg?w=2048

“I don’t believe Mr. Gensler has protected any investors in the crypto space or elsewhere for that matter.”

https://fortune.com/2024/07/12/mark-cuban-fire-gary-gensler-sec-crypto-regulation-lawsuits-joe-biden/


Hackers steal data on virtually all of AT&T’s wireless customers

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1491744092-e1720794287922.jpg?w=2048

Call and text message information was compromised.

https://fortune.com/2024/07/12/att-hackers-steal-data-virtually-all-wireless-customers/


Tubi’s CEO credits being promoted to Vimeo’s top job at just 33 years old for being totally at ease running America’s most-watched free TV service

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1928392891-e1720791751142.jpg?w=2048

Anjali Sud was just 33 years old and had been working for nearly three years at Vimeo when she was plucked out to lead the company.

https://fortune.com/2024/07/12/tubis-ceo-anjali-sud-vimeo/


Venture capital could be NATO’s ultimate weapon. Here’s why

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2161511641-e1720792046939.jpg?w=2048

By investing in and adopting emerging dual-use technologies, NATO can leverage the private sector's innovation power and its transatlantic talent pool.

https://fortune.com/europe/2024/07/12/venture-capital-nato-summit-innovation-fund-tech-politics/


Women can’t fix the ‘broken rung’ unless they acknowledge the role they play in workplace bullying and discrimination

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1892547318-e1720786414226.jpg?w=2048

Our approach to the disparity between women and men ignores an important part of the discussion that is backed by evidence: women’s impact on one another.

https://fortune.com/2024/07/12/women-broken-rung-workplace-bullying-discrimination-careers-leadership/


Could Elon Musk be about to move X out of San Francisco? A property deal in the works suggests he wants out.

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2158243766-e1720785477263.jpg?w=2048

Real estate firm JLL confirmed it has been hired to sublease the entire 800,000 square foot complex housing the social media company's headquarters.

https://fortune.com/2024/07/12/elon-musk-san-francisco-twitter-x-headquarters/


A former Nazi bunker in Hamburg just relaunched as a hip new attraction with restaurants and a hotel after a €100 million revamp

https://fortune.com/img-assets/wp-content/uploads/2024/07/Bunker-St.Pauli-Rendering-004.jpeg?w=2048

The revamp has given the bunker a different look, paving the way for what Bunker St. Pauli calls “an unforgettable experience.”

https://fortune.com/europe/2024/07/12/former-nazi-bunker-hamburg-st-pauli-new-attraction-revamp-hard-rock-hotel/


Millennials and Gen X will inherit $83.5 trillion in the next two decades—but not before spouses of the wealthy obtain their $9 trillion

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1332495857-e1720779136945.jpg?w=2048

The report from UBS also had some good news for consumers. Not only is it easier to climb the wealth ladder than it is to fall back down it, but in the U.S. individuals across the income spectrum are set to get wealthier.

https://fortune.com/2024/07/12/horizontal-wealth-transfer-ubs-wealth-report-boomers-millennials/


Is your boss abusive? New research explains why you may be mistaking toxicity for tough love

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-119702783-e1720539861783.jpg?w=2048

A fine line separates a difficult work superior from a psychologically damaging—or even psychopathic—one.

https://fortune.com/well/article/workplace-abuse-toxic-boss-psychopath/


Shares of Uniqlo’s parent company drop almost 5% as the retailer warns of a ‘turning point’ in its China strategy

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1968509917-e1720774107318.jpg?w=2048

Fast Retailing, the Japanese owner of Uniqlo, is warning of large drops in profit and revenue from China, even as sales in other markets grow.

https://fortune.com/asia/2024/07/12/fast-retailing-shares-drop-uniqlo-turning-point-china-strategy-revenue-profit/


Delta CEO says the Olympics is turning tourists off Paris—and it’s costing the airline $100 million

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2160843063-e1720779558712.jpg?w=2048

The Atlanta-based carrier has especially felt tourist’s aversion to the major sporting event because it services more American travel to France than any other US airline.

https://fortune.com/europe/2024/07/12/delta-ceo-ed-bastian-paris-olympics-tourists/


‘Bond King’ Bill Gross says Tesla is the new meme stock with ‘sagging fundamentals’

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-534301656-e1720694521165.jpg?w=2048

Bill Gross said on X: "There seems to be a new meme stock every other day now. Most are pump and dump."

https://fortune.com/2024/07/12/bill-gross-tesla-meme-stock/


Angry birds are attacking drones employed to patrol NYC beaches for sharks and struggling swimmers

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2153439880-e1720778595371.jpg?w=2048

The attacks are fueling concern from wildlife experts about the impact on threatened species nesting along the coast.

https://fortune.com/2024/07/12/angry-birds-attacking-nyc-beach-drones/


Love Island stars prove they’re all about the content and not the crime as they plead guilty to FX allegations

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2156734404-e1720776211876.jpg?w=2048

Rebecca Gormley, Biggs Chris, Jamie Clayton, Lauren Goodger, Yazmin Oukhellou and Scott Timlin have all been charged.

https://fortune.com/europe/2024/07/12/love-island-geordie-shore-rebecca-gormley-biggs-chris-jamie-clayton-lauren-goodger-yazmin-oukhellou-scott-timlin-fx-trading-crime-uk/


Amazon trails behind in latest U.K. compliance test and is threatened with investigation over poor supplier treatment

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1341554748-e1720775022582.jpg?w=2048

Amazon came last out of 14 retailers, with a compliance score of 47% which compares with 98% for Co-op which topped the latest list.

https://fortune.com/europe/2024/07/12/amazon-jeff-bezos-trails-behind-in-u-k-compliance-test-threatened-with-investigation-over-poor-supplier-treatment-coop/


England’s victory in the Euros can usher in a ‘brave new dawn’—and boost Keir Starmer’s premiership

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1233924999-e1720773052614.jpg?w=2048

Britain's new prime minister has even mooted the prospect of a national holiday if England wins on Sunday.

https://fortune.com/europe/2024/07/12/englands-victory-in-the-euros-can-usher-in-a-brave-new-dawnand-the-boost-may-just-fall-to-keir-starmer/


President Biden steadfast on staying in the race. ‘I’m not going anywhere.’

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2161395188-e1720741664566.jpg?w=2048

The president has faced growing calls from within his own party to stand down.

https://fortune.com/2024/07/11/president-biden-steadfast-on-staying-in-the-race/


In a critical press conference, Biden will attempt to convince voters he can carry the day as calls grow for him to stand aside

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2160760719-e1720738165128.jpg?w=2048

The conference came the same day Biden referred to Ukraine's leader Volodymyr Zelenskyy as “President Putin” to audible gasps in the room.

https://fortune.com/2024/07/11/biden-will-attempt-to-convince-voters-he-can-carry-the-day/


Tesla walks back Robotaxi reveal, sending its stock plummeting

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2158237818_3f65bd-e1720736669959.jpg?w=2048

Shares of would-be taxi rivals Uber Technologies Inc. and Lyft Inc. both surged on the news.

https://fortune.com/2024/07/11/tesla-walks-back-robotaxi-reveal-stock-drop/


NBA legend Magic Johnson says playing at the 1992 Olympics after his HIV diagnosis ‘was the greatest moment’ of his life

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2154333031-e1720733369416.jpg?w=2048

After sponsors dropped him and other players refused to work with him, Johnson used the game to shatter stigma around the disease.

https://fortune.com/well/article/magic-johnson-hiv-stigma-1992-olympics-dream-team/


More than 1 in 3 Americans have a side hustle, but they’re spending that extra cash right away. Financial experts say that’s the wrong approach.

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1473878329-e1720729599995.jpg?w=2048

Time is the ultimate luxury. Why are young people spending it driving for Uber if that doesn’t even get them ahead financially?

https://fortune.com/2024/07/11/side-hustles-gen-z-spending-investing-bankrate-survey/


The U.S. just got its best inflation report in over 3 years, but stocks are still down. Here’s why

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2048150670-e1720729288334.jpg?w=2048

“Is the market down? Or is this the most extreme rotation that we've ever seen out of everything that people have been hiding in?” Bancreek Capital Advisors’s Eric Pachman asked.

https://fortune.com/2024/07/11/best-inflation-report-3-years-why-stocks-down/


Magic Johnson tells young athletes the secret to staying ahead: Get a manager

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1730505858-e1720727467416.jpg?w=2048

Sports pros have a short window to build wealth and without proper help, they can go broke fast

https://fortune.com/2024/07/11/magic-johnson-tells-young-athletes-the-secret-to-staying-ahead-get-a-manager/


Why the new Olympic gymnastics leotards are $3k each—and have a record number of crystals

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2159751761-e1720724675475.jpg?w=2048

During the 2024 Paris Olympic Games, U.S. gymnasts will wear custom garments adorned with up to 10,000 Swarovski crystals.

https://fortune.com/2024/07/11/olympic-gynmast-simone-biles-leotards-swarovski-crystals/


Celtics guard Jaylen Brown hints at foul play from Nike after the star was passed over for U.S. Olympic team

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2157532366-e1720722136919.jpg?w=2048

Team USA instead took Brown’s teammate, Derrick White. There are now three members of the 2024 Boston Celtics on the squad.

https://fortune.com/2024/07/11/celtics-guard-jaylen-brown-hints-at-foul-play-from-nike-after-the-star-was-passed-over-for-u-s-olympic-team/


How we raised $100 million for my Silicon Valley startup in a down market

https://fortune.com/img-assets/wp-content/uploads/2024/07/Amir-Khan-CEO-and-Founder-Alkira-1-e1720716520681.jpeg?w=2048

Entrepreneurs shouldn’t settle for good enough in any step of the fundraising process, says Alkira CEO Amir Khan.

https://fortune.com/2024/07/11/how-we-raised-100-million-for-my-silicon-valley-startup-in-a-down-market/


Marathon Oil reaches historic $241 million settlement with EPA—the largest-ever penalty for violating the Clean Air Act

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1130207925-e1720721946313.jpg?w=2048

Score one for Attorney General Merrick Garland.

https://fortune.com/2024/07/11/marathon-oil-epa-historic-settlement-clean-air-act/


Plant manager at Tesla’s German factory says 65,000 mugs have gone missing—’I’m really tired of approving orders to buy more’

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2080993691-e1720719272123.jpg?w=2048

Tesla's breakroom comes amid safety issues and workplace strife at the factory that employs 12,000.

https://fortune.com/2024/07/11/tesla-german-gigafactory-missing-65000-coffee-mugs-from-break-room/


Spicy chip maker hit with lawsuit from family of 10th-grader who died after eating one

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-942541416-e1720718027180.jpg?w=2048

Paqui's labeling warns that the chip is not for children, but kids have had no problem buying them.

https://fortune.com/2024/07/11/spicy-chip-maker-hit-with-lawsuit-from-family-of-10th-grader-who-died-after-eating-one/


This 84-year-old quit an elite job and went $160K into debt to launch his career. Now he’s suing ChatGPT to protect writers like him from ‘highway robbery’

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24150646788557-e1720717371383.jpg?w=2048

Journalists Nicholas Gage and Nicholas Basbanes filed a lawsuit alleging their writing “has been systematically pilfered by” OpenAI and its partner Microsoft.

https://fortune.com/2024/07/11/writer-160k-debt-suing-chatgpt-openai-artificial-intelligence/


Investors scooped up close to 15% of homes sold in first quarter—‘a bigger piece of the pie than in any other’

https://fortune.com/img-assets/wp-content/uploads/2024/07/Real-Estate-Money-6g.jpg?w=2048

But sales were way down, so the “pie was much smaller,” according to Realtor.com.

https://fortune.com/2024/07/11/housing-market-investors-home-buying-record/


Gen Xers are close to retirement—but most don’t feel they can afford it

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1820110443-e1720710111409.jpg?w=2048

The first 401(k) generation feels like they are lagging behind.

https://fortune.com/2024/07/11/gen-xers-are-close-to-retirement-but-most-dont-feel-they-can-afford-it/


Big Lots warns its survival is in doubt, plans to close up to 40 stores

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2156546731-e1720705025439.jpg?w=2048

Filing with SEC shows the dire state of affairs at the discount chain.

https://fortune.com/2024/07/11/big-lots-warns-it-may-go-out-of-business/


Elon Musk, father of 12, volunteers his own sperm to help seed a colony on Mars

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1851806999-e1720711592444.jpg?w=2048

Echoing pronatalism, Musk has also said that he would like to create his own species uniquely bred to survive Mars’ harsh conditions

https://fortune.com/2024/07/11/elon-musk-volunteers-sperm-to-seed-mars-colony-pronatalism/


Record-high travel numbers did Delta no good as higher fuel and labor costs ate into its second-quarter profit

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1841160567-e1720711147115.jpg?w=2048

The airline's second-quarter profit dropped 29% due to higher costs and discounting of base-level fares across the industry.

https://fortune.com/2024/07/11/delta-earnings-travel-profits/


Europe’s biggest economy will rid its 5G networks of components made by Chinese companies—’we are protecting the central nervous systems of Germany’

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2153544554-e1720710386608.jpg?w=2048

“We must reduce security risks and, unlike in the past, avoid one-sided dependencies.”

https://fortune.com/2024/07/11/europes-biggest-economy-will-rid-its-5g-networks-of-components-made-by-chinese-companies-we-are-protecting-the-central-nervous-systems-of-germany/


Apple breathes a sigh of relief as the EU closes its antitrust case, which could have cost the iPhone maker tens of billions of dollars

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2160791745.jpg?w=2048

Apple will allow rivals to access the iPhone's "tap to pay" system, which was a sticking point with regulators.

https://fortune.com/2024/07/11/apple-pay-iphone-eu-antitrust-investigation-closes/


Trump to address ‘future of the American Bitcoin industry’ at crypto gathering this month

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2161405262-e1720704958926.jpg?w=2048

Donald Trump, the presumed Republican presidential nominee, will headline the conference on July 27, speaking on the main stage in a 30-minute address.

https://fortune.com/crypto/2024/07/11/trump-to-address-future-of-the-american-bitcoin-industry-at-crypto-gathering-this-month/


Archegos speculator Bill Hwang could spend the rest of his life behind bars after his disastrous bets ushered in the demise of Credit Suisse

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2160563684-e1720702203911.jpg?w=2048

Federal jury finds Hwang lied to lenders over the size and scope of his bets on stocks like ViacomCBS in order to juice returns, causing $10 billion in combined losses.

https://fortune.com/2024/07/11/archegos-bill-hwang-found-guilty-fraud-credit-suisse-investment-banks-paramount/


Copenhagen wants to do tourism differently by rewarding visitors with free coffee, food and museum passes if they cycle in the city and keep it clean

https://fortune.com/img-assets/wp-content/uploads/2024/07/Frameandwork_bikes_-30-e1720695818665.jpg?w=2048

“It is an experimental and a small step towards creating a new mindset amongst travelers,” said Mikkel Aarø-Hansen, CEO of Wonderful Copenhagen.

https://fortune.com/europe/2024/07/11/copenhagen-tourism-reward-visitors-free-coffee-food-museum-passes-copenpay/


Gen Z want to live in expensive cities—instead of moving to the outskirts, their parents are paying their rent

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1092407658-e1720692897291.jpg?w=2048

Young people have always wanted a bustling life and career in the city. The only problem? Gen Z can’t actually afford it.

https://fortune.com/2024/07/11/gen-z-expensive-areas-parents-paying-rent-bank-of-america/


The U.K. has ‘far more millionaires than it deserves’ and will watch 500,000 flee to the likes of Italy and Spain by 2028, UBS says

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1440344960-e1720694703280.jpg?w=2048

The U.K. will lose 17% of its millionaires in the coming years, but the country's government shouldn't worry.

https://fortune.com/europe/2024/07/11/uk-millionaires-deserves-flee-italy-spain-2028-ubs-wealth-report/


Ask Andy: Can generative AI solve a startup’s problems?

https://fortune.com/img-assets/wp-content/uploads/2024/03/DUNN-WEB.jpg?w=2048

Bonobos and Pie founder Andy Dunn answers questions about startup problems that technology can't solve, and about grappling with a bipolar disorder.

https://fortune.com/2024/07/11/ask-andy-startups-founder-culture-generative-ai-mental-health-self-care/


U.K. faces highest level of financial distress in Europe with corporate deleveraging at its peak since 2008

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1244799735-e1720689114497.jpg?w=2048

A slowdown in consumer spending impacted the retail fashion sector significantly with 21% of firms in the industry now in distress.

https://fortune.com/europe/2024/07/11/u-k-faces-highest-level-of-financial-distress-in-europe-with-corporate-deleveraging-at-peak-since-2008/


After a surge in pandemic profits, Rolex, Patek Philippe and Audemars Piguet face a significant downturn as sales slip—extending a two-year decline

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2144465738-e1720687807801.jpg?w=2048

Even during the downturn, prices for some brands such as Cartier are rising.

https://fortune.com/europe/2024/07/11/surge-in-pandemic-profits-rolex-patek-philippe-audemars-piguet-face-significant-downturn-sales-slip/


Mumbai’s bankers are working from home to avoid traffic chaos from the Ambani wedding

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Celebrities like Kim Kardashian, business leaders like HSBC chairman Mark Tucker, and politicians like Tony Blair are expected to attend.

https://fortune.com/asia/2024/07/11/ambani-wedding-starts-friday-mumbai-bankers-work-from-home-kardashians-tony-blair-boris-johnson/


GoFundMe CEO Tim Cadogan is revolutionizing crowdfunding with a conscience, securing over $30 billion for ‘good causes’ since 2010

https://fortune.com/img-assets/wp-content/uploads/2024/07/Tim-Cadogan-GoFundMe-CEO-Agenda.jpg?w=2048

In this week's CEO Agenda, GoFundMe's Tim Cadogan tells Fortune how AI and technology is helping to amplify worldwide solidarity.

https://fortune.com/europe/2024/07/11/ceo-agenda-uk-tim-cadogan-gofundme-30-billion/


The weak yen and ‘Instagram culture’ made tourism Japan’s second-largest export. Not everyone is happy about that

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2150277826-e1720657912680.jpg?w=2048

Almost 3.1 million international visitors went to Japan in March alone, the highest monthly total since records began in 1964.

https://fortune.com/asia/2024/07/10/japan-travel-weak-yen-instagram-culture-rakuten-overtourism/


A California mother plans to sue a dairy farm after feeding her children raw milk sickened her 6-year-old daughter and twins

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-800441746-e1720655782459.jpg?w=2048

A California farmer who was linked to the outbreak said a single cow was infected with salmonella last fall.

https://fortune.com/2024/07/10/california-sue-a-dairy-farm-raw-milk-sick/


Billionaire hedge funder sipped a drink as he was found criminally responsible for $100 billion in shareholder losses

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2156435858-e1720654049486.jpg?w=2048

The jury also convicted the company’s former financial officer, Patrick Halligan.

https://fortune.com/2024/07/10/billionaire-hedge-funder-sipped-a-drink-found-guilty/


Citigroup has now been fined more than half a billion dollars after CEO Jane Fraser staked her tenure on fixing the bank

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1835248232-e1720652934291.jpg?w=2048

The latest $135.6 million fine is on top of the $400 million fine that Citi paid back in 2020, before Fraser became CEO in 2021.

https://fortune.com/2024/07/10/citigroup-has-been-fined-half-a-billion-dollars-risk-failures/


A big law giant is running background checks on job applicants who attended anti-Israel demonstrations

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2152561330-e1720646062458.jpg?w=2048

A lawyer called the policy so “draconian” that it could run afoul of the Civil Rights Act.

https://fortune.com/2024/07/10/a-big-law-giant-is-running-background-checks-on-job-applicants-who-attended-anti-israel-demonstrations/


Inflation will go up regardless of who the next president is, but under Trump’s tariffs it would be higher for longer, Oxford Economics says

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2158937330-e1720646888407.jpg?w=2048

Jerome Powell is eyeing lower inflation, but Oxford Economics says it’ll rise after the presidential election—no matter who wins.

https://fortune.com/2024/07/10/trump-biden-election-inflation-economy-federal-reserve-jerome-powell-united-states/


Former Indiana GOP congressman gets a year in prison after pushing a casino bill in exchange for a job that would pay him north of $350,000 a year

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24192716209022-e1720643943936.jpg?w=2048

Former state Rep. Sean Eberhart pleaded guilty to conspiring to commit fraud in November and agreed to pay $60,000 in restitution, roughly equal to his annual pay as a legislator.

https://fortune.com/2024/07/10/former-indiana-gop-congressman-gets-a-year-in-prison-after-pushing-a-casino-bill-in-exchange-for-a-job-that-would-pay-him-north-of-350000-a-year/


Welcome to “The Great Detachment” workers are checked out and so are their bosses

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1256457242-e1720642124115.jpg?w=2048

The workforce is disenchanted and disengaged, but too constrained to leave.

https://fortune.com/2024/07/10/welcome-to-the-great-detachment/


The walls are closing in on Tesla: EV makers just took a bite out of its market share, and investor Bill Gross says it’s a meme stock now

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1662772828-e1720641266764.jpg?w=2048

Tesla’s stock rebounded after starting off the year as the worst performing in the S&P 500.

https://fortune.com/2024/07/10/tesla-elon-musk-ev-stocks-meme-stock-bill-gross/


Jerome Powell’s sudden bearishness on the jobs market is a welcome sign for Wall Street

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2160823372-e1720633813513.jpg?w=2048

"We’re not just an inflation-targeting central bank," Powell told the House Financial Services Committee on the second of two days of semi-annual testimony to Congress. “We also have an employment mandate."

https://fortune.com/2024/07/10/jerome-powell-testimony-job-market-unemployment-wall-street/


Astronauts say they’re confident Boeing’s space capsule will get them safely back to Earth, even though it’s had multiple mechanical failures and they should’ve returned weeks ago

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24192548203524.jpg?w=2048

The test flight should have lasted eight days, ending on June 14. Today is July 10.

https://fortune.com/2024/07/10/nasa-astronauts-confident-in-boeing-space-capsule-despite-failures/


What cognitive tests can show—and what they can’t

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2160454971-e1720633579187.jpg?w=2048

And presidents aside, does the average adult need one?

https://fortune.com/well/article/what-cognitive-tests-can-showand-what-they-cant/


Top economist: Buyers and sellers should brace themselves for the 6% mortgage rate reality

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-94645104-e1720631989457.jpg?w=2048

Mortgage rates won’t be going back down to the historical lows seen throughout the pandemic, the National Association of Realtors’ chief economist said.

https://fortune.com/2024/07/10/top-economist-suggests-buyers-sellers-brace-themselves-mortgage-rate-reality/


Viral photo of $444 Trader Joe’s receipt sparks new debate over grocery inflation

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2156374515-e1720549622264.jpg?w=2048

Inflation hasn't stopped stretching budgets.

https://fortune.com/2024/07/10/viral-photo-of-444-trader-joes-receipt-sparks-new-debate-over-grocery-inflation/


Germany’s sale of 0.25% of the world’s Bitcoin adds to crypto market jitter

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2144262113-e1720622190536.jpg?w=2048

Bitcoin has tumbled by 19% since the German government accelerated its sales of almost 50,000 seized coins.

https://fortune.com/crypto/2024/07/10/germanys-sale-of-0-25-of-the-worlds-bitcoin-adds-to-crypto-market-jitter/


BMW is recalling almost 400,000 vehicles because their airbags can explode and release deadly shrapnel

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2158955796-e1720627883700.jpg?w=2048

BMW dealers will inspect and replace the driver’s air bag module as necessary for free.

https://fortune.com/2024/07/10/bmw-recall-vehicles-airbags-explode/


Microsoft shakes up its Game Pass service, hiking prices and dropping day-one games from the standard tier

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1148787603-e1720622129192.jpg?w=2048

Some changes are effective immediately.

https://fortune.com/2024/07/10/microsoft-game-pass-price-increase-changes/


Klarna’s CEO learned valuable leadership lessons on a Toyota factory floor

https://fortune.com/img-assets/wp-content/uploads/2024/07/Sebastian-Siemiatkowski-CEO-of-Klarna.jpg?w=2048

There's more to Klarna than "buy now, pay later."

https://fortune.com/2024/07/10/klarnas-ceo-learned-valuable-leadership-lessons-on-a-toyota-factory-floor/


Thousands of Samsung workers are striking indefinitely: Profits have increased 15-fold but union members say paychecks haven’t budged

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2160781125-e1720622018636.jpg?w=2048

Work action follows strike involving 6,000 workers earlier this week.

https://fortune.com/2024/07/10/samsung-union-indefinite-strike/


Goldman Sachs to launch three tokenization projects by end of year, says digital assets chief

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1238747425-e1720547024779.jpg?w=2048

The banking giant sees a major uptick in demand for crypto services, from trading to Bitcoin ETFs.

https://fortune.com/crypto/2024/07/10/goldman-sachs-launch-tokenization-bitcoin-etfs-crypto-mcdermott/


Billionaire investor Ray Dalio refuses to endorse Joe Biden or Donald Trump: ‘No good party for me to choose from’

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2154149172-e1720611523435.jpg?w=2048

The Bridgewater founder despairs over America's choice in November between an 'unethical, almost fascist Republican Party' and a 'frail, untruthful' Democratic Party.

https://fortune.com/2024/07/10/joe-biden-donald-trump-election-presidency-november-democrats-republicans-ray-dalio-bridgewater-hedge-fund/


Gen Z grad reveals how she landed her dream role by ‘shooting her shot’ after waking up one morning and deciding to change her life

https://fortune.com/img-assets/wp-content/uploads/2024/07/AshleighSpiliopoulou.png?w=2048

Ashleigh Spiliopoulou found her dream employer on Instagram and cold emailed the Emerge PR founder Emily Austen.

https://fortune.com/2024/07/10/gen-z-grad-ashleigh-spiliopoulou-shoot-your-shot-emerge-pr/


Builders are pumping the brakes on new apartment construction—but landlords will keep ‘jacking up’ rental prices

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1470349132-e1720608026566.jpg?w=2048

Even though we’re “in a big hole” when it comes to housing supply, builders are backing off.

https://fortune.com/2024/07/10/housing-market-builders-slowing-apartment-construction-landlords-jack-up-prices/


‘Power games’ at the European Central Bank have plunged its staff into a mental health crisis, with nearly 40% facing burnout

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2155659532-e1720606792784.jpg?w=2048

The share of ECB workers reporting suicidal thoughts has spiked in the last three years amid allegations of a toxi work culture.

https://fortune.com/europe/2024/07/10/power-games-european-central-bank-have-plunged-its-staff-into-a-mental-health-crisis-burnout/


Europe faces a summer of diaper and tampon shortages as new EU deforestation laws threaten to disrupt the $3.5 billion industry

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1500715804-e1720603480483.jpg?w=2048

The Union aims to slash 10% of global deforestation through its new law which is impacting manufacturers such as P&G and Kimberly-Clark.

https://fortune.com/europe/2024/07/10/europe-faces-summer-of-diaper-and-tampon-shortages-as-new-eu-deforestation-laws-threaten-to-disrupt-the-3-5-billion-industry/


Stranded by sanctions: 53 Russian oil tankers are currently drifting empty and idle across the globe

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-52008004.jpg?w=2048

The vessels have become inactive after being hit with U.S., U.K. and European sanctions.

https://fortune.com/europe/2024/07/10/stranded-sanctions-53-russian-oil-tankers-are-currently-drifting-empty-and-idle-across-the-globe/


‘All workers deserve a union’: Ride-hailing drivers in Massachusetts are advancing a first-of-its-kind ballot question to gain union rights

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2159785407-e1720601824758.jpg?w=2048

April Verritt, president of the Service Employees International Union, said the tens of thousands of Uber and Lyft drivers working in Massachusetts deserve the collective bargaining benefits of unions.

https://fortune.com/2024/07/10/uber-lyft-drivers-ballot-question-union-rights/


Sicily’s summer drought is so acute this year that it’s drying up lakes and forcing cities to turn away tourists because they don’t have enough water

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1666163630-e1720535338339.jpg?w=2048

Climate change is hurting the Italian island of Sicily in various ways—from record-high heat and shrinking water reserves.

https://fortune.com/europe/2024/07/10/sicily-italy-summer-drought-drying-up-lakes-forcing-cities-turn-away-tourists-heat-water-agriculture/


NATO needs help reaching Gen Z so is turning to 20-something TikTok and Instagram influencers from the U.K. and Europe to stay relevant

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2160763067-e1720599267356.jpg?w=2048

Aging institutions like NATO increasingly need to think outside the box to bolster public support.

https://fortune.com/europe/2024/07/10/nato-needs-help-gen-z-tiktok-instagram-influencers-from-uk-germany-france-remain-relevant/


Wages in the U.K. are growing twice as fast as Europe and the U.S. thanks to one simple policy

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1401522831-e1720534617542.jpg?w=2048

Mandated increases in the National Living Wage is helping U.K. workers outpace pay rises in other major economies.

https://fortune.com/europe/2024/07/09/wages-in-the-u-k-are-growing-twice-as-fast-as-europe-and-the-u-s-thanks-to-one-simple-policy/


NRA ex-finance chief who approved Wayne LaPierre’s lavish spending fined millions in damages

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1917197576-e1720568053442.jpg?w=2048

Wilson “Woody” Phillips agreed to a 10-year bar from serving as fiduciary at a nonprofit.

https://fortune.com/2024/07/09/nra-finance-chief-corruption-private-jet-lavish-spending/


DoorDash pledges crackdown on bad delivery drivers

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2155565359-e1720565242978.jpg?w=2048

Riders are running red lights, traveling the wrong way on one-way streets, exceeding posted speed limits and driving on sidewalks.

https://fortune.com/2024/07/09/doordash-pledges-crackdown-on-bad-delivery-drivers/


A Texas company that sells bullets out of an ATM-like machine is gearing up for a quick expansion

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1395214683-e1720564470358.jpg?w=2048

The company plans to install more ammunition vending machines in the coming weeks.

https://fortune.com/2024/07/09/texas-company-atm-bullets-vending-guns/


Gen Z loves sobriety so much that America’s biggest non-alcoholic beer brand just doubled its valuation to $800 million

https://fortune.com/img-assets/wp-content/uploads/2024/07/ATHLETIC-CT2-9478-e1720556842843.jpg?w=2048

Athletic Brewing, founded in 2018, topped $90 million in sales last year.

https://fortune.com/2024/07/09/gen-z-sobriety-athletic-brewing-biggest-non-alcoholic-beer-brand-doubles-valuation/


Flailing, Nike is bringing a senior executive out of retirement to help it fight the sneaker wars

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1258511119-e1720556321877.jpg?w=2048

Thirty-year Nike veteran Tom Peddie will be rehired as vice president of marketplace partners, the company said.

https://fortune.com/2024/07/09/nike-bringing-senior-executive-out-retirement-tom-peddie-sneaker-wars/


Warren Buffett out, Mark Zuckerberg in: Here are the biggest names that will be attending, and notably absent from, the annual summer camp for billionaires

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Meta's Mark Zuckerberg and Apple's Tim Cook will take part in the star-studded Sun Valley Conference, but Warren Buffett and Elon Musk aren't attending.

https://fortune.com/2024/07/09/sun-valley-conference-2024-allen-co-attendees-billionaires-list-warren-buffett-elon-musk/


Wall Street titan warns that job titles come and go but the only thing that matters is character

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1258509590-e1720551918460.jpg?w=2048

TIAA CEO Thasunda Brown Duckett insists she is not her title. ‘I earned it, but I don’t own it.’

https://fortune.com/2024/07/09/wall-street-titan-warns-that-job-titles-come-and-go-but-legacy-is-character/


Barcelona residents are so fed up with tourism they’re squirting visitors with water guns as they try to enjoy their meals

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2160278014-e1720551608949.jpg?w=2048

Locals argue that tourism isn't helping with soaring housing costs, precarious employment, and a lower quality of life.

https://fortune.com/2024/07/09/barcelona-residents-fed-up-with-tourism-squirting-visitors-with-water-guns/


Retailer bans personal checks after rise in fraud

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1128763335-e1720549370827.jpg?w=2048

Walmart, Macy’s and Kohl’s are among the retailers that still accept personal checks at their stores.

https://fortune.com/2024/07/09/retailer-bans-personal-checks/


Microsoft ordered employees in China to only use iPhones due to security threats

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-489918174-e1720547647578.jpg?w=2048

The move is the latest example of the U.S. and China banning each other's tech products as the two superpowers build diverging digital ecosystems.

https://fortune.com/2024/07/09/microsoft-orders-chinese-employees-use-iphone-apple-android-google-smartphone/


Why Zoom—yes, Zoom—went back to in-person work, according to its chief people officer

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1442021051-1-e1720545610899.jpg?w=2048

“Proximity bias certainly exists,” Matthew Saxon acknowledged.

https://fortune.com/2024/07/09/remote-work-outlook-zoom-return-to-office-chief-people-officer/


There’s a wave of apartments coming, but building permits have plummeted almost 30% since the pandemic—and it could mean higher rents

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-144863414-e1720545291706.jpg?w=2048

“Property owners might start jacking up rents again once all of the new apartments hitting the market fill up with tenants and there’s no longer so much supply, which could be the case in a year or two,” a Redfin senior economist said.

https://fortune.com/2024/07/09/apartments-wave-coming-building-permits-plummet-since-pandemic/


I love remote work too, but the benefits of face-to-face interaction tip the scale toward an in-office workplace

https://fortune.com/img-assets/wp-content/uploads/2024/07/remote-work-return-to-office-Aytekin-Tank-jotform-1.jpg?w=2048

A full return to office can be a game-changer for learning, innovation, and employee well-being, says Jotform founder Aytekin Tank.

https://fortune.com/2024/07/09/remote-work-return-to-office-work-life-balance-workplace/


Extreme heat kills more people in the U.S. than hurricanes, floods, and tornadoes combined. We need a federal heat standard to protect workers

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2159860297-e1720542562902.jpg?w=2048

Alarmingly, Texas and Florida have moved in the opposite direction by actually blocking communities from establishing heat protection for outdoor workers.

https://fortune.com/2024/07/09/extreme-heat-kills-more-people-us-hurricanes-floods-tornadoes-federal-heat-standard-protect-workers-labor-health-environment/


A new four-day work week trial that lasted over a year significantly reduced turnover and improved workers’ mental and physical health

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1533019596-e1720537681694.jpg?w=2048

Study from Cambridge and Salford Universities also finds worker mental health improved.

https://fortune.com/2024/07/09/four-day-work-week-trial-uk-turnover-mental-physical-health-money-saved/


A new Illinois law will force influencer parents to compensate their children for appearing in social media content

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1442917906-e1720537636641.jpg?w=2048

Amendment to child labor laws went into effect earlier this month.

https://fortune.com/2024/07/09/illinois-child-influencer-law-social-media/


European Union freezes Georgia’s accession plans and €30 million in aid due to its controversial ‘Russian law’

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1244688064-e1720531998101.jpg?w=2048

The law requires media and other nonprofit groups to register as “pursuing the interests of a foreign power” if they receive more than 20% of their funding from abroad.

https://fortune.com/europe/2024/07/09/european-union-freezes-georgias-accession-plans-and-30-million-in-aid-due-to-controversial-russian-law/


Stock market faces 10% correction ahead of U.S. election, warns Morgan Stanley’s chief strategist Mike Wilson, who predicts Q3 will be ‘choppy’

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1973309351-e1720526272231.jpg?w=2048

The AI trade has lifted the stock market to all-time highs despite weakening economic data, prompting fears the upcoming Q2 earnings season could prove disappointing.

https://fortune.com/2024/07/09/stock-market-correction-company-earnings-morgan-stanley-mike-wilson/


Trump’s policies paint a ‘negative picture,’ yet his willingness to ‘cut deals’ may help with China, says the CEO of Southeast Asia’s largest bank

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1983634680-e1720516383889.jpg?w=2048

DBS CEO Piyush Gupta called the former president a "dealmaker" that's "not ideologically driven to anything."

https://fortune.com/asia/2024/07/09/dbs-ceo-piyush-gupta-donald-trump-likes-cut-deals-china-tariffs/


‘Longlegs’ star Nicolas Cage is terrified about AI’s influence on Hollywood: ‘They’re just going to steal my body and do whatever they want with it’

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1240121725-e1720519194924.jpg?w=2048

“Longlegs” star fears AI’s long-term effects on the entertainment industry: “I mean what are you going to do with my body and my face when I’m dead?”

https://fortune.com/2024/07/09/nicolas-cage-longlegs-terrified-about-ai-influence-hollywood/


The highest-paying trade jobs in the U.S. include one paying over $100,000 per year—but you’ll have to be comfortable with tight spaces and heights

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1315857702-e1720521498375.jpg?w=2048

With AI threatening to steal corporate jobs and recent graduates finding themselves “unemployable”, trade jobs are becoming increasingly attractive—and lucrative.

https://fortune.com/2024/07/09/highest-paying-trade-jobs-in-us/


New Hollywood power player David Ellison outlines his ‘essential’ vision for Paramount to transition into a ‘tech hybrid’

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1258470450-e1720519875489.jpg?w=2048

That includes plans to “rebuild” the Paramount+ streaming service.

https://fortune.com/2024/07/09/david-ellison-paramount-vision-tech-hybrid/


The man dubbed ‘Britain’s Warren Buffett’ blames falling vet visits—not his refusal to back Nvidia—for poor performance of U.K.’s biggest fund

https://fortune.com/img-assets/wp-content/uploads/2024/07/MixCollage-09-Jul-2024-11-04-AM-6725.jpg?w=2048

Smith's popular fund has again underperformed the benchmark, prompting him to defend his Nvidia stance once more.

https://fortune.com/europe/2024/07/09/the-man-dubbed-britains-warren-buffett-blames-falling-vet-visits-not-his-refusal-to-back-nvidia-for-poor-performance-of-u-k-s-biggest-fund/


The 6 challengers who could become France’s next prime minister and save the country from political gridlock

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2156341954-e1720516594116.jpg?w=2048

Unpredictable gridlock risks bogging down Europe’s second-largest economy, unless President Macron can find a candidate to unlock the government.

https://fortune.com/europe/2024/07/09/the-6-challengers-who-could-become-frances-next-prime-minister-and-save-the-country-from-political-gridlock/


China is still a decade behind the U.S. in chip technology—but the world still needs the mature chips it’s making, says ASML’s CEO

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2149412856-e1720505428563.jpg?w=2048

Christophe Fouquet asserted in a Monday interview that non-Chinese chip industries are not producing enough mature chips to meet demand.

https://fortune.com/asia/2024/07/09/china-still-decade-behind-us-chip-tech-asml-ceo-christophe-fouquet-peter-wennink/


The U.K.’s newest prisons minister is a multimillion-dollar key-cutting heir known for hiring hundreds of ex-offenders

https://fortune.com/img-assets/wp-content/uploads/2024/07/53836368707_df99cffb80_o-e1720450972385.jpg?w=2048

James TImpson started hiring ex-prisoners after taking over as CEO in 2002 as a result of a surprise encounter at a prison.

https://fortune.com/europe/2024/07/09/uk-newest-prisons-minister-james-timpson-multimillion-dollar-key-cutting-heir-hiring-hundreds-ex-offenders/


Menopause stigma is impeding women’s career growth, survey says. Here’s how a lack of support is hampering ambition—and the economy

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1646322080-e1720457941834.jpg?w=2048

More than three in four women reported having no workplace accommodations for menopause.

https://fortune.com/well/article/menopause-stigma-survey-women-workplace-ageism/


A wheel ripped off a Boeing-crafted plane mid flight and was found in Los Angeles

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1258645397-e1720478381533.jpg?w=2048

The incident is eerily similar to a United flight in March that lost a wheel shortly after taking off from San Francisco.

https://fortune.com/2024/07/08/wheel-ripped-off-boeing-united-los-angeles/


Boeing’s guilty plea to criminal charge means it now needs a Pentagon waiver to keep its lucrative defense contracts

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-546401830-e1720475148580.jpg?w=2048

The government contracts are more important than ever as it relies on its defense division to counteract plunging revenue at its commercial airplane business.

https://fortune.com/2024/07/08/boeing-guilty-plea-criminal-charge-737-max-crashes-pentagon-waiver-defense-contracts/


How an ‘accident’ helped the creators of the Mighty Patch unlock Amazon success

https://fortune.com/img-assets/wp-content/uploads/2024/07/Ju-Rhyu-Hero-Cosmetics.jpg?w=2048

Hero Cosmetics CEO Ju Rhyu's road to success involved a few bumps: including trying to unlock Amazon Prime.

https://fortune.com/2024/07/08/k-beauty-mighty-patch-pimple-hydrocolloid-hero-cosmetics-ju-rhyu-amazon-prime/


Interest rates be damned: 3 reasons JPMorgan’s commercial banking clients are bullish about the U.S. economy

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1529613665-e1720466849383.jpg?w=2048

JPMorgan clients generating as much as $2 billion each said they were optimistic about the economy despite high interest rates, geopolitical concerns, and uncertainty around the U.S. election.

https://fortune.com/2024/07/08/interest-rates-jpm-jpmorgan-chase-commercial-banking/


AI is effectively ‘useless’—and it’s created a ‘fake it till you make it’ bubble that could end in disaster, veteran market watcher warns

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2159012371-e1720465609207.jpg?w=2048

"Fake it till you make it may work in Silicon Valley, but for the rest of us, I think once bitten twice shy may be more appropriate for AI," MacroStrategy Parternship's Ferguson told Bloomberg.

https://fortune.com/2024/07/08/ai-unproven-effectively-useless-fake-it-make-it-bubble-market-watcher-warns/


Struggling with money? It could be an early warning sign of dementia, ‘remarkable’ new research finds

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-94026939-e1720465492745.jpg?w=2048

One economist told Fortune it was “exciting” to have research confirm what doctors have long known.

https://fortune.com/2024/07/08/money-financial-problems-early-sign-dementia-research/


India’s richest family paid Justin Bieber $10 million to perform at a pre-wedding party for its billionaire heir

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1250221913.jpg?w=2048

The Ambani family is one of the richest in the world and they’re celebrating

https://fortune.com/2024/07/08/indias-richest-family-justin-bieber-wedding/


Wall Street titans met privately to discuss President Biden, with one CEO saying the president dropping out of the race is an ‘inevitability’

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2159970215-e1720464340564.jpg?w=2048

Some of Biden’s top backers over the weekend discussed how he can best step aside.

https://fortune.com/2024/07/08/wall-street-backers-donors-discuss-biden-stepping-aside-election-2024/


What new Gen Z hires are missing, according to Zoom’s head of people: ‘They really need to understand how to create value’

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1437209216-e1720462552132.jpg?w=2048

Everyone plays a role in the ‘customer value chain,’ Matthew Saxon says.

https://fortune.com/2024/07/08/gen-z-tech-hires-value-zoom/


‘Unacceptable conduct’: Regulators rip DraftKings, fining the company $100,000 for failing to report accurate sports betting data

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24190594141421-e1720461501105.jpg?w=2048

“These types of gross errors and failures cannot be tolerated in the New Jersey gaming regulatory system.”

https://fortune.com/2024/07/08/draftkings-fined-new-jersey-regulators-inaccurate-sports-betting-data/


Bitcoin slumps 12% over past week as Mt. Gox repayments flood market

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1153814711.jpg?w=2048

Bitcoin’s latest dip is largely due to an uptick in on-chain selling pressure as governments liquidate seized Bitcoin and the crypto exchange Mt. Gox begins to repay creditors.

https://fortune.com/crypto/2024/07/08/bitcoin-slumps-mt-gox-governments-liquidating-crypto/


Morgan Stanley’s top strategist Mike Wilson says fog of uncertainty could reveal new investment opportunities

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1973309388-e1720457516519.jpg?w=2048

A rising number of Wall Street analysts have begun to grow cautious heading into the third quarter.

https://fortune.com/2024/07/08/morgan-stanleys-top-strategist-mike-wilson-election-uncertainty-opportunity/


A New Orleans rapper must have all his future songs reviewed by the U.S. government

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2160871896-e1720448029256.jpg?w=2048

“Bling Bling” artist almost faced stricter sanctions.

https://fortune.com/2024/07/08/rapper-government-songs-reviewed-bg-bling-bling/


Postage stamp prices are about to increase for second time this year

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1481461617-e1720447974396.jpg?w=2048

January’s price hike was just the beginning.

https://fortune.com/2024/07/08/postage-stamp-price-increase-second-time-2024-usps/


How to buy a house with bad credit

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1685539639.jpg?w=2048

Lenders typically want homebuyers to have a FICO Score of at least 620, but it may still be possible to get a mortgage if your score is 500 or higher.

https://fortune.com/recommends/mortgages/buy-a-house-with-bad-credit/


Who is David Ellison? Heir to the Oracle fortune celebrates his biggest deal ever by clinching control over ‘Top Gun’ studio Paramount

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1149409952-e1720447112430.jpg?w=2048

Oracle founder Larry Ellison’s son, David Ellison, announced he reached terms to acquire a controlling stake in Paramount.

https://fortune.com/2024/07/08/david-ellison-skydance-ceo-paramount-merger/


Britain’s new prime minister dubbed a ‘part-timer’ for saying he won’t work past 6 p.m. on Fridays, but experts credit Sir Keir Starmer for setting a good example for healthy working standards

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2159995573-e1720437647716.jpg?w=2048

Britain’s new prime minister Sir Keir Starmer has been accused of being a part-timer after announcing that he will clock off at 6pm on Fridays “pretty well come what may”.

https://fortune.com/europe/2024/07/08/britain-prime-minister-sir-keir-starmer-work-past-6-fridays-good-example/


We reviewed 1,200 studies to understand how childhood shapes the leaders we are today. Here’s what we found

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-946539144-e1720438011905.jpg?w=2048

Our instincts and tendencies are ways of thinking and behaving that have become written into the structure of our brains through experience.

https://fortune.com/2024/07/08/we-reviewed-1200-studies-understand-how-childhood-shapes-leaders-behavior-work/


Asda is scrapping its ‘physically exhausting’ 4-day workweek, revealing a critical factor in why it can fail

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-952911542-e1720433466283.jpg?w=2048

Staff needed to work 11-hour shifts to get their fifth fay off, leading to a host of productivity problems.

https://fortune.com/europe/2024/07/08/asda-scrapping-physically-exhausting-4-day-workweek-why-it-can-fail/


BYD’s aggressive discounts are annoying customers—and officials—in Thailand, the ‘Detroit of Asia’

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2159969242-e1720428580992.jpg?w=2048

Bangkok is reportedly investigating BYD's distributor after a sales rep promised a customer that prices wouldn't fall further—and then they did.

https://fortune.com/asia/2024/07/08/byd-opens-thailand-factory-rever-probe-discounts-china-ev/


Academy Award-winner directed and filmed video for small-town art theater which helped land $100,000 grant

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2066787914-e1720432318842.jpg?w=2048

Little Art Theatre set out to land a $100,000 grant to fund a stylish new marquee and got some help from Academy Award-winning documentary filmmaker Steve Bognar.

https://fortune.com/2024/07/08/steve-bognar-little-art-theatre-grant/


Revolut billionaire Nik Storonsky set for a 9-figure payday as part of upcoming $500 million share sale

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1158935726-e1720431179647.jpg?w=2048

The secondary sale will be closely monitored as Revolut has become the crown jewel of the U.K.’s fintech sector and the most valuable private company in Europe.

https://fortune.com/europe/2024/07/08/revolut-billionaire-nik-storonsky-9-figure-payday-upcoming-500-million-share-sale/


Toxic arsenic and lead detected in tampons sold in the U.K., Greece, and the U.S., according to first-ever tampon study

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1202252278-e1720429292816.jpg?w=2048

The toxic metals found in tampons poses health risks for millions of people.

https://fortune.com/europe/2024/07/08/toxic-arsenic-lead-found-in-tampons-sold-in-u-k-greece-europe-u-s-research-study/


Crew of NASA mission to Mars that never left Earth emerge after yearlong simulation

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1986208931-e1720427860290.jpg?w=2048

The four volunteer crew members spent more than 12 months inside NASA's first simulated Mars environment at Johnson Space Center in Houston.

https://fortune.com/2024/07/08/nasa-mars-simulation-crew/


Boeing will admit fraud charge to avoid criminal trial over 737 Max crashes that killed 346 people

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2157621070-e1720426810644.jpg?w=2048

Federal prosecutors gave Boeing the choice of entering a guilty plea and paying a fine or face a trial on the felony criminal charge of conspiracy to defraud the United States.

https://fortune.com/2024/07/08/boeing-plea-deal-fraud-charge/


France’s post-election political chaos sets the stage for a weak government and a lower global profile

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2158469270-e1720398604488.jpg?w=2048

“The absence of majority and the absence of government will expose France and French people to formidable danger.”

https://fortune.com/2024/07/07/france-election-political-chaos-gridlock-weak-government-lower-global-profile-macron-le-pen/


Paramount Global special committee backs merger with David Ellison’s Skydance Media

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1916126603-e1720393866497.jpg?w=2048

The full board is set to approve the deal with the parties signing final paperwork Sunday and an announcement coming as soon as Monday.

https://fortune.com/2024/07/07/paramount-global-merger-skydance-media-special-committee-david-ellison-redstone/


Hedge funds have no idea what to do about Tesla as shares rally while Trump, tariffs, and backlash against ‘woke’ EVs all loom

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2148557377-e1720392412429.jpg?w=2048

It’s not clear if Tesla is “a top company with a great management team” or “a challenged franchise with deficient corporate governance.”

https://fortune.com/2024/07/07/tesla-stock-positions-hedge-funds-trump-tariffs-woke-ev-elon-musk/


Texas braces for Beryl as storm threatens to regain hurricane strength before making landfall

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24189703885999-e1720390895968.jpg?w=2048

A hurricane warning extended from Baffin Bay, south of Corpus Christi, to Sargent, south of Houston.

https://fortune.com/2024/07/07/texas-hurricane-beryl-evacuation-flooding-power-warning-landfall/


Euro falls as France’s left wing looks to score stunning election victory, raising fears of more spending and deeper deficits

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-478694102-e1720389681870.jpg?w=2048

The common currency slipped 0.3% to around $1.0807 at the start of the session in Asia.

https://fortune.com/2024/07/07/euro-price-vs-us-dollar-france-election-left-wing-victory-raising-spending-deficits/


Lumber prices are nearing all-time lows but could be headed for a rebound, executive says. ‘We are extremely, extremely cheap’

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-107697822-e1720385206862.jpg?w=2048

"Maybe we've started to recognize that this has finally capitulated and prices are ready to do something else."

https://fortune.com/2024/07/07/lumber-prices-all-time-lows-forecast-construction-housing-market-homebuilding/


French left-wing coalition poised for shock victory over Macron’s centrists and Le Pen’s far right in legislative election

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2160041733-e1720383879581.jpg?w=2048

With no bloc securing a clear majority, France faces uncertainty that could rattle markets and its economy.

https://fortune.com/2024/07/07/french-election-left-wing-coalition-shock-victory-macron-centrists-le-pens-far-right/


College isn’t just expensive for students, it’s also expensive for colleges—and the squeeze is worsening for private schools

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-606351693-e1720374868747.jpg?w=2048

Fitch Ratings said recent tuition increases at private colleges and universities still weren't enough to keep pace with rising expenses.

https://fortune.com/2024/07/07/college-expenses-private-schools-universities-tuition-enrollment-inflation-endowments/


The Fed could slash rates by 200 points over 8 straight meetings as the economy heads for a sharper downtrend, Citi says

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2151006028-e1720368334124.jpg?w=2048

Citi sees the Fed slashing rates from 5.25%-5.5% now to 3.25%-3.5% by July 2025.

https://fortune.com/2024/07/07/fed-rate-cuts-outlook-200-points-economy-sharper-slowdown-citi/


India’s central bank boosts gold reserves by the most in 2 years after moving 100 tons from the UK to domestic vaults

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1689908174-e1720365933635.jpg?w=2048

The Reserve Bank of India added more than nine tons of gold in June, according to a World Gold Council analyst.

https://fortune.com/2024/07/07/india-central-bank-gold-reserves-100-tons-transfer-domestic-vaults/


The price tag for the Air Force’s new nuclear missile has soared 81% to $141 billion

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1474748-e1720364952680.jpg?w=2048

A fresh review has concluded that costs for the Sentinel may increase to as much as $214 million per missile when calculated in 2020 dollars, up from $118 million each.

https://fortune.com/2024/07/07/air-force-nuclear-missile-sentinel-icbm-cost-estimate-141-billion-northrop-grumman/


Fraud has reached a ‘crisis level’ as overseas criminals use romance schemes and grandparent scams to steal life savings

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24187862389901-e1720363411958.jpg?w=2048

The Federal Trade Commission, seeking to account for unreported losses, estimated fraudsters stole a staggering $137 billion in 2022, including $48 billion from older adults.

https://fortune.com/2024/07/07/fraud-crisis-level-overseas-criminals-romance-schemes-grandparent-scams-life-savings/


Alaska’s capital, with a population of 32,000, could ban cruise ships on Saturdays as tourists can spike to 18,000 a day

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24185035719195-e1720362161581.jpg?w=2048

A measure that would ban cruise ships with 250 or more passengers from docking in Juneau on Saturdays qualified for the Oct. 1 municipal ballot.

https://fortune.com/2024/07/07/alaska-capital-juneau-cruise-ship-ban-saturdays-tourism-city-ballot-measure/


People have a clever way of making money off airlines to essentially travel for free—and it’s all about looking for an overbooked flight

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2141961298-e1720208305307.jpg?w=2048

Some travelers have made $10,000 just by giving up their airplane seat and agreeing to take another flight just a couple hours later.

https://fortune.com/2024/07/07/us-airline-travel-free-overbooked-flights/


Boomers are leaving America to retire abroad in droves because the U.S. is just too expensive

https://fortune.com/img-assets/wp-content/uploads/2024/07/allan-fawcett.jpg?w=2048

"They do things differently here, and that’s why we’re here."

https://fortune.com/2024/07/07/americans-retire-abroad-cheap-healthcare-spain-europe/


6 foods that could be making you age faster

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-93259004-e1720272369471.jpg?w=2048

New research shows how your diet may also play a role in how well you age.

https://fortune.com/well/article/foods-that-age-you-faster/


Nvidia will win the race to a $4 trillion market cap—but the long-term big tech battle might be different, experts say

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2155386328-e1720195643412.jpg?w=2048

“I think, a year from now, we [will] have three $4 trillion market cap companies: Nvidia, Apple, Microsoft,” Wedbush tech analyst Dan Ives told Fortune.

https://fortune.com/2024/07/07/nvidia-win-race-4-trillion-market-cap-big-tech-outlook-google-microsoft-amazon-apple/


Florida farmers turn to an ancient tree from India as the state’s once-famous citrus industry dries up

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24187618396279-e1720305728258.jpg?w=2048

“For the most part, the citrus industry has died in Florida.”

https://fortune.com/2024/07/06/florida-farmers-tree-india-citrus-industry-climate-proof-agriculture/


British fashion house Burberry is reportedly laying off hundreds of employees amid huge stock selloff

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Employees were informed during a Zoom meeting in late June, with those affected told they were facing redundancy or having to reapply for their roles.

https://fortune.com/2024/07/06/burberry-laying-off-hundreds-stock-selloff-fashion-apparel/


The world’s largest oil importer flashes a warning about demand and crude prices

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-503850269-e1720301969386.jpg?w=2048

The number of supertankers headed for China dropped to the lowest in almost two years.

https://fortune.com/2024/07/06/oil-price-outlook-china-crude-imports-supertankers-brent-prices-wti/


S&P 500 investors vs. actively managed funds: 2024 is an even better year for buying and holding the index

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1347684123-e1720294334989.jpg?w=2048

According to data from Morningstar Direct, just 18.2% of actively managed funds whose primary prospectus benchmark is the S&P 500 are outperforming the index in the first half of this year.

https://fortune.com/2024/07/06/sp500-vs-actively-managed-funds-outperformance-buying-holding-passive-index-investing/


One of the most accurate recession indicators is close to sounding the alarm as unemployment continues to rise

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1154940500-e1720286946148.jpg?w=2048

While the current jobless rate is still historically low, its rate of increase could be a sign of deteriorating economic conditions.

https://fortune.com/2024/07/06/recession-indicator-economic-outlook-sahm-rule-unemployment-rate-june-jobs-report/


Gen Z is a conspicuous outlier on what it takes to live comfortably and feel financially secure

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1163010674-e1720281674253.jpg?w=2048

Gen Z respondents said they need to make $200,000 a year to feel comfortable or financially secure.

https://fortune.com/2024/07/06/gen-z-wealth-income-live-comfortably-feel-rich-financially-secure-gen-x-milliennials/


Hedge fund billionaire Ken Griffin, a top GOP donor, gives $500,000 to Miami-Dade County’s Democratic mayor

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1771545811-e1720278190135.jpg?w=2048

Griffin, who’s worth $42 billion, has given over $60 million to GOP candidates this election cycle.

https://fortune.com/2024/07/06/ken-griffin-hedge-fund-billionaire-citadel-gop-donor-500000-miami-dade-county-democratic-mayor/


BYD to build $1 billion plant in Turkey, boosting the Chinese EV maker’s access to the EU as higher tariffs loom

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2156874966-e1720277504722.jpg?w=2048

The new factory would improve BYD’s access to the European Union, because Turkey has a customs-union agreement with the bloc.

https://fortune.com/2024/07/06/byd-plant-turkey-chinese-ev-european-union-access-tariffs/


Asia’s richest person, who is worth $116 billion, is about to throw an extravagant wedding for scions of Indian business empires

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2160051437-e1720276532550.jpg?w=2048

The wedding is set for next week, with Anant Ambani marrying his longtime girlfriend, Radhika Merchant, in what many have dubbed the wedding of the year.

https://fortune.com/2024/07/06/mukesh-ambani-asia-richest-person-reliance-industries-wedding-anant-ambani-radhika-merchant/


Iran’s new president is a reformist and heart surgeon who uses English business jargon and wants to revive the nuclear deal with the West

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2160142214-e1720274670509.jpg?w=2048

Masoud Pezeshkian was voted president of Iran following a snap election, beating hard-line Islamist Saeed Jalili.

https://fortune.com/2024/07/06/iran-new-president-election-masoud-pezeshkian-reformist-nuclear-deal-west/


Pup prenups: An overwhelming number of people say they support proactively deciding the fate of their pets should they divorce

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1069291308-e1720204947271.jpg?w=2048

More than 25% of pet parents have an official pet care agreement, such as a prenup.

https://fortune.com/2024/07/06/pet-owner-prenup-divorce-agreement-dogs/


Scandinavia is having a moment as European travelers seek ‘coolcations’ to beat the heat

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2159770733.jpg?w=2048

Vacationers seeking respite from extreme heat have the potential to bolster Scandinavia’s travel and tourism industry, which added $124 billion to the economy in 2023.

https://fortune.com/europe/2024/07/06/scandinavia-is-having-a-moment-as-european-travelers-seek-coolcations-to-beat-the-heat/


Biden says he ‘might’ exit race if God tells him to, while more Democrats urge him to drop out

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“If the Lord Almighty comes down and tells me that, I might do that.”

https://fortune.com/2024/07/05/joe-biden-presidential-campaign-abc-tv-interview-donald-trump/


There’s a ‘huge bottleneck’ in Nvidia AI chips, but that doesn’t mean regulatory action, EU competition chief says

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2105318598-e1720218348615.jpg?w=2048

“We’ve been asking them questions, but that is really preliminary,” she told Bloomberg during a trip to Singapore.

https://fortune.com/2024/07/05/nvidia-ai-chip-supply-huge-bottleneck-regulatory-action-eu-competition-margrethe-vestager/


Complaints about air travel have soared to nearly 100,000—even as flight cancellations decline

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24185697105811-e1720216455714.jpg?w=2048

The Transportation Department said Friday that it received nearly 97,000 complaints in 2023, up from about 86,000 the year before.

https://fortune.com/2024/07/05/air-travel-complaints-100000-flight-cancellations-transportaion-department/


Fed says central bank independence is good for the economy as Trump has vowed not to re-up Powell

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“There is broad support for the principles underlying independent monetary policy,” the Fed said.

https://fortune.com/2024/07/05/federal-reserve-central-bank-independence-economy-donals-trump-jerome-powell/


Delta’s ‘spoiled’ food snafu during record air travel meant scores of flights shifted to pasta-only meals

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1354656267-1-e1720206048647.jpg?w=2048

“We did adjust meal service on a few dozen flights as we worked with catering on reviewing quality assurance of meals. Today, we are ramping up to our normal everyday service."

https://fortune.com/2024/07/05/delta-air-lines-spoiled-food-poisoning-flight-record-air-travel-pasta-only-meals/


Elon Musk mocks Mark Zuckerberg’s July 4th video after passing him on the billionaires list, says he’d rather be working than having fun

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1534960879-e1720204142943.jpg?w=2048

The billionaire Meta and Tesla CEOs have escalated their feuding as of late.

https://fortune.com/2024/07/05/elon-musk-mocks-mark-zuckerberg-july-4th-video-billionaires-list/


If mortgage rates stay above 6.5%, ‘the chances of an imminent recovery are slim’ for housing demand, Capital Economics says

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1179761508-e1720199621789.jpg?w=2048

Mortgage applications and sales are weak, to say the least, off the back of dampening demand.

https://fortune.com/2024/07/05/housing-market-outlook-mortgage-rates-demand-home-prices-sales/


The tsunami of donations to abortion services following Roe v. Wade’s reversal is receding—but women need more support than ever

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1405134629-e1720199492677.jpg?w=2048

After the Roe v. Wade reversal, there was immediate outrage and an outpouring of donations to services that help women access abortion. It has dried up.

https://fortune.com/2024/07/05/donations-abortion-services-roe-v-wades-reversal-receding-women-support-health-politics-philanthropy/


Security issues plague OpenAI as scrutiny increases

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Conversations with OpenAI's ChatGPT were stored in plain text, making them easily accessible to hackers.

https://fortune.com/2024/07/05/openai-security-flaw-hackers-aschenbrenner/


Tesla stock turns positive for 2024 amid a breakneck $200 billion rally. ‘The worst is in the rear-view mirror’

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Earlier this week, the rally was boosted further after the company reported deliveries for the second quarter that beat the average analyst estimate.

https://fortune.com/2024/07/05/tesla-stock-positive-2024-200-billion-rally-ev-deliveries-elon-musk/


JPMorgan warns 86 million customers they might have to start paying for their bank accounts

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-477125637-e1720191409368.jpg?w=2048

Bank prepares to pass costs on to customers.

https://fortune.com/2024/07/05/jpmorgan-chase-customers-might-have-to-start-paying-for-free-checking-accounts/


Crypto billionaire, Walmart heir, and former NFL commissioner all urge Biden to step aside—’just as George Washington did’

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Christy Walton, Michael Novogratz and Paul Tagliabue are among the 168 signatories of the letter from the Leadership Now Project.

https://fortune.com/2024/07/05/crypto-mike-novogratz-walmart-christy-walton-nfl-paul-tagliabue-joe-biden-presidential-campaign/


Stocks are hovering near their records after the Labor Department delivered another strong jobs report

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The S&P 500 was virtually unchanged in its first trading after the Fourth of July holiday, following two straight days where it set all-time highs.

https://fortune.com/2024/07/05/stocks-near-records-wall-street-strong-jobs-report/


U.S economy delivers another healthy month of hiring, adding 206,000 jobs in June

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2159008654-e1720186307186.jpg?w=2048

Report from the Labor Department also showed that the unemployment rate ticked up from 4% to a still-low 4.1%.

https://fortune.com/2024/07/05/us-jobs-report-june-2024/


Job growth slows but remains solid at 206,000, while unemployment ticks up to 4.1% as more people enter the workforce

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24185593103046-e1720185725346.jpg?w=2048

The government also sharply revised down its estimate of job growth for April and May by a combined 111,000.

https://fortune.com/2024/07/05/jobs-report-june-growth-slows-206000-unemployment-rate-workforce/


U.K. tech overtakes China, cementing its position as the world’s second-largest ecosystem by funding

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1251911252-e1720181411795.jpg?w=2048

China may be the world’s second-largest economy, but when it comes to startup funding, the U.K. is punching above its weight.

https://fortune.com/europe/2024/07/05/uk-tech-overtakes-china-cementing-position-worlds-second-largest-ecosystem-funding/


Peter Thiel’s doping-friendly Olympics alternative—the Enhanced Games—is in talks to raise $300 million as it prepares its first edition

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2152107470.jpg?w=2048

The Enhanced Games made a splashy debut in 2023, promising an annual event that allows competitors to use performance-enhancing drugs.

https://fortune.com/2024/07/05/peter-thiel-doping-friendly-olympics-alternative-enhanced-gamesis-talks-raise-300-million/


Apple’s top iPhone maker’s new AI server business is sending revenues on a tear—and helping its shares finally hit a price its founder promised back in 2016

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2154759433-e1720180249875.jpg?w=2048

The iPhone assembler, also known as Foxconn, said Friday that its revenue in June was NT$490.7 billion ($15.1 billion), making for a total of NT$1.55 trillion for the quarter, up 19%.

https://fortune.com/asia/2024/07/05/apple-iphone-foxconn-ai-server-revenues-share-price-founder-promised-2016/


Wall Street’s biggest bear—once dubbed ‘Gandalf’ for his market foresight—is out of a job after predicting a U.S. recession that never happened

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1196111740-e1720178844798.jpg?w=2048

JPMorgan's Marko Kolanovic made a name for himself as a contrarian during the pandemic, but too many wrong footed calls finally caught up to him.

https://fortune.com/2024/07/05/marko-kolanovic-leaves-jpmorgan/


The oldest Gen Xers are turning 59.5 and can finally tap their retirement accounts—here’s why this is a ‘golden age’ for tax planning

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Just because you can tap into your retirement accounts without penalty doesn't mean you should.

https://fortune.com/2024/07/05/gen-x-59-half-retirement-milestone/


Over a third of millennials and Gen Z want to stay at home with their pet so bad they’d reject bigger paychecks

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2050713068-e1720175370405.jpg?w=2048

Despite having only just joined the working world, many younger workers would pick their pets over high-paying office-based jobs.

https://fortune.com/2024/07/05/millennials-gen-z-reject-big-paychecks-corporate-careers-office-home-pet-empower/


The U.K.’s latest billionaire is sharing $650 million with his employees after selling his data company to Blackrock

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1917592802-e1720175277823.jpg?w=2048

Preqin founder Mark O'Hare will make several of his 1,500 employees millionaires after agreeing $3.2 billion sale to Blackrock.

https://fortune.com/europe/2024/07/05/uk-latest-billionaire-sharing-650-million-employees-selling-data-company/


Concerts, LPs, CDs, print: Gen Z’s enthusiasm for all things touchable is resurrecting the analog economy—and costing parents

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1609567059-e1720174655191.jpg?w=2048

Live Nation had its biggest year yet for concert attendance. Print book sales are at a record high. The vinyl record industry has enjoyed a resurrection.

https://fortune.com/2024/07/05/concerts-lps-cds-print-gen-zs-enthusiasm-all-things-touchable-resurrecting-analog-economy-costing-parents-retail-entertainment-personal-finance/


Elon Musk could be the next target for EU’s big tech crackdown as X continues to house dangerous content

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2158237831_509c8d-e1720172235310.jpg?w=2048

The commission said its proceedings against X are ongoing and there are no time limits on the next step.

https://fortune.com/europe/2024/07/05/elon-musk-could-be-the-next-target-for-europe-big-tech-crackdown-as-x-continues-to-breed-dangerous-content/


Is AI about automation, or augmentation? Understanding the difference can guide your AI investments

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1325173365-e1720037975446.jpg?w=2048

Understanding where full automation might be feasible is a powerful guide for corporate tech investments—especially with generative AI.

https://fortune.com/2024/07/05/ai-artificial-intelligence-automation-augmentation-investments/


What will Labour do? A guide to Starmer’s 100-day action plan and his strategy for making the U.K. great again

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2159523436-e1720169012517.jpg?w=2048

Here's what Starmer and Reeves have got planned to stimulate economic growth at home.

https://fortune.com/europe/2024/07/05/a-guide-to-keir-starmers-100-day-action-plan-and-his-strategy-for-making-the-u-k-great-again/


Americans come out in droves to celebrate 4th of July fireworks as millions suffer under ‘significant and extremely dangerous’ heat

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24186844562253-e1720169415264.jpg?w=2048

Coney Island's July 4 hotdog eating contest was taken by a first time men’s winner who gobbled 58 while Miki Sudo downed a record 51 links to notch her 10th women’s title.

https://fortune.com/2024/07/05/americans-celebrate-4th-july-fireworks-millions-suffer-significant-dangerous-heat/


Saks Fifth Avenue parent group signs deal to buy upscale rival Neiman Marcus Group for $2.65 billion

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2152081848-e1720168531319.jpg?w=2048

The new entity will be called Saks Global, creating a luxury powerhouse at a time when the arena has become increasingly fragmented with different players.

https://fortune.com/2024/07/05/saks-fifth-avenue-group-buys-neiman-marcus-group/


Biden opens make-or-break campaign stretch among growing sense he may have just days to make his case before Democratic support evaporates

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24186813490854-e1720167889676.jpg?w=2048

In the aftermath of Biden's disastrous debate performance last week against Republican Donald Trump, some financial backers were holding off or canceling upcoming fundraisers.

https://fortune.com/2024/07/05/biden-campaign-stretch-days-make-case-democratic-support-evaporates/


Rishi Sunak may have lost his $177,000 Prime Minister gig, but a multimillion-dollar corporate payday awaits the man richer than King Charles

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2160138781-e1720105897965.jpg?w=2048

Book deals, speaking engagements, and a return to finance will add to Sunak’s massive net worth.

https://fortune.com/europe/2024/07/05/rishi-sunak-prime-minister-uk-general-election-multimillion-dollar-corporate-payday/


Civics is becoming a 21st-century business skill

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2159867159-1-e1720110336112.jpg?w=2048

The very skills that formed the great experiment of democracy are the same skills that lead to breakthrough ideas and continued economic growth.

https://fortune.com/2024/07/04/civics-21st-century-business-skill-fourth-july-leadership-politics/


Elon Musk’s Tesla recoups all its year-to-date losses after adding a staggering $150bn in market cap in just 3 days: ‘Worst is in the rear view mirror’

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2158237831-e1720094849974.jpg?w=2048

Investor faith in Tesla's once busted-growth story appears to have returned after a dire first-half that saw it become the butt of jokes.

https://fortune.com/2024/07/04/elon-musk-tesla-stock-recoup-losses-q2-deliveries-wedbush-dan-ives/


China’s BYD expands its reach into Southeast Asia as it inaugurates first EV plant in Thailand

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2159886713.jpg?w=2048

The new factory in Rayong, south of Bangkok, was built in just 16 months and has an annual production capacity of 150,000 vehicles.

https://fortune.com/asia/2024/07/04/china-byd-southeast-asia-inaugurates-first-ev-plant-thailand/


Elon Musk ghosts India on new Tesla factory investment

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2158243805-e1720092381419.jpg?w=2048

Musk’s team hasn’t made any further inquiries with officials in New Delhi after the billionaire postponed a visit to India in late April, sources said.

https://fortune.com/asia/2024/07/04/elon-musk-ghosts-india-tesla-factory-investment/


Amsterdam has long wanted to keep ‘nuisance’ tourists away. First, it banned new hotels and now, it plans to ban cruises

https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-2131332697-e1720089983118.jpg?w=2048

Amsterdam has seen visitor numbers soar in recent years—and it's not a fan. But cracking down on the trend could hurt its tourism industry.

https://fortune.com/europe/2024/07/04/amsterdam-nuisance-tourists-stay-away-banned-new-hotels-cruise-ships/