Australia is showing us what happens when Tesla-beating BYD faces no tariffs and is free to grow

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China’s top carmaker, backed by Warren Buffett’s Berkshire Hathaway, watched its sales in Australia grow sixfold last year to over 12,000 vehicles.

https://fortune.com/2024/03/07/byd-electric-vehicles-tesla-australia-china-automotive/


Momofuku’s 34-year-old CEO turned down the job ‘a million times’: Inside her daily routine

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Marguerite Mariscal joined Momofuku as an intern when she was 22. David Chang offered her the CEO job at 29.

https://fortune.com/2024/03/07/momofuku-ceo-daily-routine/


Jerome Powell seems ready to hand a victory to big banks, saying ‘broad and material’ changes are coming to key regulation

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Large banks aggressively opposed the changes known as the “Basel III endgame,” arguing they would limit lending ability and exceed what is necessary.

https://fortune.com/2024/03/07/jerome-powell-basel-iii-endgame-broad-material-changes/


Texas utility says its equipment appears to have sparked the largest wildfire in state history

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“Based on currently available information, Xcel Energy acknowledges that its equipment appear to have been involved in an ignition of the Smokehouse Creek fire."

https://fortune.com/2024/03/07/what-caused-texas-wildfires-largest-ever-xcel-energy-utility/


The housing market’s deep freeze is showing signs of thawing

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Low inventory and high housing costs were the two major challenges in last year’s housing market, but more supply is entering the market.

https://fortune.com/2024/03/07/housing-market-predictions-listings-sales-mortgage-rates-redfin/


Colorado family charged $4,000 for breaking the lease after matriarch dies

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Apartment manager is already the target of a class action in the state.

https://fortune.com/2024/03/07/colorado-woman-apartment-died-greystar/


The anti-ESG backlash is playing out across the country as pensions and investments become a political football

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The onslaught of bipartisan efforts to steer government business away from companies over political disagreements poses a significant risk to taxpayers.

https://fortune.com/2024/03/07/anti-esg-backlash-playing-out-pensions-investment-politics/


Retirement is becoming just the ‘third half’ of life. Here are the 4 key mindsets we've identified among the new generation of retirees

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Today, a typical retiree can reasonably expect to live another 20 to 30 years, ideally in good health. That makes the word 'retirement' almost obsolete.

https://fortune.com/2024/03/07/retirement-third-half-of-life-key-mindsets-new-generation-retirees-careers-personal-finance/


Broke boomers are moving in with their millennials kids, who are seething: 'Where were they when I needed help?’

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As more boomers reach retirement age, many are facing the stark reality of insufficient savings—and turning to their adult children for support.

https://fortune.com/2024/03/07/broke-boomers-millennials-reverse-boomerang/


AI could be critical to feeding a growing global population—and big brands are taking notice

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AI is coming in handy—from predicting preferred flavors to reducing food waste.

https://fortune.com/2024/03/07/ai-make-business-better-food-production/


It’s harder, but not impossible: How to get a credit card with bad credit

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It can feel intimidating to apply for a credit card when you have bad credit. But if you do your research and seek the right types of accounts, the process is typically much easier to navigate.

https://fortune.com/recommends/credit-cards/how-to-get-a-credit-card-with-bad-credit/


Tesla-rival Rivian needs a home run when it unveils the new R2 crossover

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R2 will either catapult Rivian into the big leagues—or potentially doom it.

https://fortune.com/2024/03/07/rivian-r2-tesla-elon-musk-rj-scaringe-georgia/


Veteran birder Kurt Buzard says the yellow-billed loon that stopped the Bellagio fountain was Vegas’ first since the 1990s

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The yellow-billed loon is considered to be “one of the 10 rarest birds that regularly breed on the mainland U.S.,” according to the National Park Service.

https://fortune.com/2024/03/07/bellagio-bird-yellow-billed-loon-las-vegas/


Big candy befuddled by Gen Z’s love for sour gummies, scrambles for plan to get Americans chewing gum again

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Gum’s bubble burst in 2020, with packages sold dropping by nearly a third, according to market research firm Circana.

https://fortune.com/2024/03/07/chewing-gum-sales-decline-gen-z-likes-sour-gummy-mondelez-wrigley/


The remote-work revolution means only managers can afford to live in pricey cities

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Pricier home values in cities are linked to a higher concentration of managers, according to new research from ADP.

https://fortune.com/2024/03/07/remote-work-revolution-only-managers-can-live-in-pricey-cities-home-values-adp/


Hospital monopolies are buying up independent physicians and hiking prices–but Congress has an opportunity to rein them in

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They change the sign on the door, then offer the same health care services at the same location, but charge more.

https://fortune.com/2024/03/07/hospital-monopolies-buying-independent-physicians-hiking-prices-congress-inflation-health-care/


CEO of doomed Titanic expedition joked ‘what could go wrong’ weeks before disaster

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Describing the nature of fitting five people inside the tiny submersible that was steered by a video game controller, OceanGate boss Stockton Rush joked ”What could go wrong?”

https://fortune.com/2024/03/07/oceangate-ceo-stockton-rush-titanic-expedition-joked-what-could-go-wrong-documentary/


Taylor Swift ‘superfan advisor’ is a job now at one of the world’s biggest museums

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Taylor Swift's influence is inevitable—whether you see it in the Eras Tour, the Super Bowl, or in a job posting for a Swiftie advisor.

https://fortune.com/europe/2024/03/07/taylor-swift-swiftie-victoria-albert-museums-super-fan-advisor-eras-tour/


Millennial manager took her job hunt to Tinder—and landed 3 interviews as a result

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On top of tapping the usual suspects like LinkedIn and Indeed, Samantha Rogers logged onto her Tinder profile and added the words “seeking work opportunities” to her bio.

https://fortune.com/europe/2024/03/07/tinder-job-hunt-samantha-rogers/


State of the Union: How SOTU has evolved since George Washington in 1790

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Today's pageantry, televised address and agenda-setting message is a far more recent tradition.

https://fortune.com/2024/03/07/state-of-the-union-history-sotu-evolution-since-george-washington-1790/


Alabama governor signs law that protects IVF providers from legal liability

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The new law shields providers from prosecution and civil lawsuits “for the damage to or death of an embryo” during IVF services.

https://fortune.com/2024/03/07/alabama-governor-signs-law-protecting-ivf-providers/


Weight-loss drugs like Wegovy are meant for long-term use. Now patients who’ve lost weight are asking what happens if they stop taking the $1,000 a month shots

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One recent study published in the journal Obesity found that just 40% of patients who filled a prescription for Wegovy in 2021 or 2022 were still taking it a year later.

https://fortune.com/2024/03/07/weight-loss-drugs-wegovy-long-term-use-patients-lost-weight-asking-stop-taking-1000-month-shots/


House passes $460bn spending package to fund the government through September and the Senate is expected to act before shutdown deadline

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In the end, total discretionary spending set by Congress is expected to come in at about $1.66 trillion for the full entire year.

https://fortune.com/2024/03/07/house-passes-460bn-spending-package-fund-government-september-senate-expected-act-shutdown-deadline/


A drop in deliveries triggers another round of price wars in the Chinese EV market

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"China EV market is over-supplied," warned Morgan Stanley, as more companies turn to price wars to boost sales.

https://fortune.com/asia/2024/03/07/china-ev-sales-fall-triggers-price-war-bad-news-for-tesla-shares/


Nvidia board members cash in stock in the $2 trillion AI company following blockbuster 27% run up in price

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Board members with decades of tenure at Nvidia offloaded shares in the past four weeks.

https://fortune.com/2024/03/06/nvidia-board-members-cash-in-stock-in-the-2-trillion-ai-company-following-blockbuster-27-run-up-in-price/


VC firm Andreessen Horowitz plans to raise billions for AI, with portions devoted to two funds

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The venture capital giant is planning to raise $6.9 billion from investors.

https://fortune.com/2024/03/06/vc-andreessen-horowitz-raise-billions-for-ai-two-funds/


What to know about flood insurance and how to get a policy

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Most people are surprised to learn that flooding from surface water is not covered by their homeowners insurance and flood insurance must be purchased separately.

https://fortune.com/recommends/insurance/what-is-flood-insurance/


How organizations can be digitally inclusive

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Surveys show that C-suite executives are divided on the path forward.

https://fortune.com/2024/03/06/virtual-event-cio-generative-ai/


Texas Parks and Wildlife votes unanimously to swap 43 contested acres to Elon Musk’s SpaceX for 477 acres a few miles south

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Some of the 43 contested acres are landlocked with no public access but with protected plant and animal species.

https://fortune.com/2024/03/06/texas-parks-wildlife-land-swap-elon-musk-spacex/


Roughly $30 billion slashed from real estate agents’ commissions: Fed economists pose solution to the 'anomaly' in the American housing market

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Richmond Fed economists suggest an “à la carte” model for real estate commissions, arguing it could redistribute buyer agents’ profits to the tune of billions of dollars.

https://fortune.com/2024/03/06/30-billion-slashed-real-estate-agents-commissions-fed-economists-pose-solution-anomaly-american-housing-market/


As Louisiana reels from $140 million loss on massive crawfish shortage, governor declares disaster over ‘our way of life’

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Around this time last year, the cost for a pound of boiled crawfish was between $3 to $5. Now it's more like $10 to $12 per pound.

https://fortune.com/2024/03/06/louisiana-crawfish-shortage-disaster-declaration-inflation/


Warren Buffett’s western utility facing untold billions in wildfire damages after the latest bombshell jury verdict came down

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A jury in Oregon has ordered PacifiCorp to pay over $42 million to 10 victims of wildfires, with thousands more plaintiffs waiting on deck.

https://fortune.com/2024/03/06/warren-buffett-berkshire-hathaway-pacificorp-jury-verdict-wildfires/


The Pandemic Housing Boom drove a $91,000 windfall for the average U.S. senior

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That was the median increase in net worth between 2019 and 2022 for households headed by someone age 65 or older, per research from the Federal Reserve Bank of St. Louis.

https://fortune.com/2024/03/06/boomers-seniors-wealthier-91000-on-average-pandemic-housing/


Microsoft whistleblower sounds alarm on offensive, harmful energy generated with help of OpenAI tool

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Shane Jones, a principal software engineering lead, said he's spent months trying to address his safety concerns about the Copilot Designer, derived from DALL-E 3.

https://fortune.com/2024/03/06/microsoft-whistleblower-openai-offensive-harmful-images-copilot/


Smells like crypto: Binance drops perfume that blends ‘finance with fragrance’

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The world's largest  crypto exchange today unveils CRYPTO, its own luxury scent “blending finance with fragrance."

https://fortune.com/crypto/2024/03/06/smells-like-crypto-binance-drops-perfume-that-blends-finance-with-fragrance/


Jerome Powell is walking on eggshells when it comes to interest rates, saying cuts are 'likely' but warning he can't do anything 'too soon'

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The Federal Reserve chair’s interest rate indecision continues as the market watches—and wonders.

https://fortune.com/2024/03/06/when-will-federal-reserve-cut-interest-rates-jerome-powell-likely/


Capping H-1B visas at 85,000 could cripple U.S. growth in tech like AI, an expert says: ‘We are actively shooting our future selves in the foot’

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"It’s really unfortunate that a U.S. employer wants to be able to employ someone and it’s really up to chance."

https://fortune.com/2024/03/06/h-1b-visas-85000-falling-behind-tech-ai-artificial-intelligence/


Bellagio fountains turned off after rare bird checks into Las Vegas hotel's late

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“We are happy to welcome the most exclusive guests.”

https://fortune.com/2024/03/06/las-vegas-famous-bellagio-fountains-shut-down-rare-bird-yellow-billed-loon/


Target just launched its own version of Amazon Prime

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Paid members will get orders delivered in as little as an hour.

https://fortune.com/2024/03/06/target-paid-loyalty-program-circle-360-amazon-prime-walmart/


Stressed-out workers are skipping lunch–and forgoing their only chance to tame the chaos

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A 2023 survey from ezCater found that workers were 40% more likely to say they never stop for a midday meal than they were the previous year.

https://fortune.com/2024/03/06/stressed-out-workers-skipping-lunch-careers-health-well-being/


Delta passengers now have to pay more to check their bags

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Carrier follows industry trend of charging more for flight extras.

https://fortune.com/2024/03/06/delta-passengers-now-have-to-pay-more-to-check-their-bags/


Global pop star says she can’t afford to take a week off due to how little she gets paid from streaming

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Independent artist Sevdaliza says popularity doesn't always equate to financially stability.

https://fortune.com/2024/03/06/apple-music-spotify-pay-per-stream-sevdaliza-james-blake-lauren-jauregui-streaming/


Trump and Biden dominate Super Tuesday, shoving Nikki Haley out of the race and setting up a 2020 rematch

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Hours after the last polls closed in Alaska, Haley scheduled a 10 a.m. ET speech to announce she was suspending her campaign.

https://fortune.com/2024/03/06/super-tuesday-primaries-who-won-biden-trump-haley/


Wells Fargo introduces Autograph Journey Credit Card with standout travel rewards

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Wells Fargo announced a new travel credit card to compete with mid-tier offerings from other major banks. The Wells Fargo Autograph Journey® Visa Card will offer impressive rewards on travel and dining purchases, along with flexible redemption options.

https://fortune.com/recommends/credit-cards/wells-fargo-autograph-journey-credit-card-launch-news/


Digital Currency Group files motion to dismiss New York attorney general’s lawsuit: ‘A thin web of baseless innuendo’

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The crypto empire led by Barry Silbert was hit by the enforcement action, which alleged widespread fraud, last October.

https://fortune.com/crypto/2024/03/06/digital-currency-group-dismiss-motion-new-york-ag-letitia-james/


Musk’s German Tesla plant suffers close to $1bn in damages after attack by the ‘dumbest eco-terrorists on Earth’

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The Volcano Group set a high-voltage power mast ablaze, bringing production at Tesla's Gigafactory to a complete halt.

https://fortune.com/2024/03/06/elon-musk-tesla-germany-gigafactory-fire-volcano-group-damages/


Wall Street CEO advises anyone struggling with work-life balance to take ‘take control of their own choices’

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Don't blame your lack of work-life balance on your boss: "You must take control of your own life choices," says Wall Street veteran CEO Richard Handle.

https://fortune.com/2024/03/06/jefferies-ceo-richard-handler-advises-anyone-struggling-work-life-balance-take-take-control-own-choices/


The U.S. housing market is headed into a pivotal spring season as home sellers wait for their sweet spot

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Opendoor's December survey saw an 18% increase in the number of homeowners ready to sell in the next year–a higher proportion than in any quarter.

https://fortune.com/2024/03/06/us-housing-market-pivotal-spring-season-home-sellers-sweet-spot/


Brazil’s vice-president shares an X post featuring Goku and Pikachu to thank Toyota for its $2.2 billion hybrid car investment

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Toyota is the latest automaker to announce plans to expand in Brazil, following GM, Volkswagen, and BYD.

https://fortune.com/asia/2024/03/06/brazil-vice-president-thanks-toyota-hybrid-car-investment-post-japan-anime-pikachu-goku-naruto/


OpenAI reveals emails showing Musk backed its plans to become a for-profit business and insisted it raise billions

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Musk filed a lawsuit last week against OpenAI, alleging the startup had strayed from its mission to build responsible AI and that it had become beholden to Microsoft.

https://fortune.com/2024/03/06/openai-emails-show-elon-musk-backed-plans-to-become-for-profit-business/


KPMG managers will schedule 'energy check-ins' with employees to measure their burnout. Those who don't take enough PTO could be at risk

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Introducing the new workplace well-being solution—an energy check-in

https://fortune.com/well/2024/03/06/kpmg-launches-well-being-initiative-workers-risk-burnout/


Liberty University will pay $14m for failing to disclose information about crimes on campus and for its treatment of sexual assault survivors

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The fine is by far the largest ever levied under the Clery Act, a law that requires colleges and universities that receive federal funding to collect data on campus crime and notify students of threats.

https://fortune.com/2024/03/06/liberty-university-pay-14m-failing-disclose-information-crimes-campus-treatment-sexual-assault-survivors/


Berkshire Hathaway-backed PacifiCorp ordered to pay Oregon wildfire victims another $42M

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PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway, is appealing.

https://fortune.com/2024/03/06/pacificorp-ordered-to-pay-oregon-wildfire-victims-another-42-million/


Tech’s 6 ‘gatekeepers’—including Amazon, Apple, Meta and Microsoft—are about to face heavy new scrutiny as Europe aims for ‘fairer’ digital markets

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Here's a look at how the Digital Markets Act will work.

https://fortune.com/europe/2024/03/06/tech-6-gatekeepers-amazon-apple-meta-google-tiktok-microsoft-dma-europe-fairer-digital-markets/


Indonesia’s presumed next president wants the ‘very, very messy’ democracy to have 8% GDP growth within 5 years

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It's a more aggressive target than the 7% growth goal from outgoing president Joko Widodo.

https://fortune.com/asia/2024/03/06/indonesia-presumed-next-president-prabowo-subianto-gives-8-percent-gdp-growth-target-messy-democracy/


OpenAI pushes back on Musk after lawsuit: Tesla CEO 'sued us when we started making meaningful progress'

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OpenAI published a raft of redacted emails from Tesla CEO Elon Musk on its website.

https://fortune.com/2024/03/05/musk-lawsuit-tesla-ceo-sued-progress/


Lawyers for Meta, Mark Zuckerberg seek dismissal of lawsuit alleging the company didn't protect users from human trafficking and child sexual exploitation

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The shareholder lawsuit named company leaders.

https://fortune.com/2024/03/05/meta-mark-zuckerberg-dismissal-protect-trafficking-and-exploitation/


Harvard professor on crucial SEC climate rule: ‘A lawsuit is, sadly, almost guaranteed’

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The final rules, slated for a vote on Wednesday, come after large asset managers including JPMorgan Asset Management and State Street have exited climate coalitions.

https://fortune.com/2024/03/05/harvard-prof-sec-climate-rule-lawsuit-guaranteed/


Demand for Pringles is so high, the manufacturer has to build more factories in Asia to keep up: 'We're selling every can of Pringles we can make'

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Kellanova CEO Steve Cahillane also sees huge opportunities in Africa, "the continent of this century and probably the next century."

https://fortune.com/asia/2024/03/05/selling-every-can-of-pringles-we-can-make-kellanova-ceo-expand-asia-mexico-africa/


Top economist Gary Shilling predicts a ‘considerable revival’ in housing activity—but it’s going to take 3 or 4 years to unfreeze the housing market

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“Lock-in effect” pushes a housing market recovery to years away

https://fortune.com/2024/03/05/top-economist-housing-activity-frozen-market/


Investor Nelson Peltz blasts CEO Bob Iger in 133-page activist memo—To ‘restore the magic,’ Disney needs to scrap sequels and reclaim the lead on animated films

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Peltz will seek a board seat for himself and Disney’s former CFO at the company’s annual shareholder meeting next month.

https://fortune.com/2024/03/05/nelson-peltz-blasts-disney-ceo-bob-iger-seeks-board-seek-in-proxy-fight/


New York sues loan shark group accused of charging Manhattan’s City Bakery and other small businesses ‘illegal’ rates of up to 820%

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Attorney General Letitia James is seeking $1.4 billion in damages.

https://fortune.com/2024/03/05/new-york-loan-shark-group-yellowstone-capital-delta-bridge-illegal-rates/


From cash stipends to ‘It’s OK days’: The cost of child care crisis is making parental benefits the top issue for over half of companies

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“Everyone’s been pushing for this return to office, but we’ve actually seen another shift,” Care.com CEO Brad Wilson said. “Employers are saying, okay, return to office, but we have to give, too.”

https://fortune.com/2024/03/05/child-care-cost-crisis-benefits-cash-stipends-its-ok-days/


'I don't see what's so bad about bubbles,' says NYU Stern's 'Dean of Valuation.’ They’re how humans cope with change—and they have a lasting impact

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Aswath Damodaran knows it “sounds weird,” but he says bubbles serve a valuable purpose. “I think bubbles are how markets deal with change.”

https://fortune.com/2024/03/05/is-the-market-in-a-bubble-why-not-bad-nyu-professor/


Bitcoin just hit its all-time high. But that number remains up for debate

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Why does Bitcoin have multiple reported all-time highs, as opposed to a universally agreed figure?

https://fortune.com/crypto/2024/03/05/bitcoin-record-high-why-price-up-for-debate/


Texas’ big 3 housing markets built 300% more homes than California’s—despite having a far smaller population

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“If a developer sees an opportunity, or sees a need to build more homes, it’s a lot easier to get that done when the government isn’t telling you no,” Zonda’s chief economist, Ali Wolf, told Fortune.

https://fortune.com/2024/03/05/texas-california-housing-starts-building-homes-population/


Top economist who called the 2008 housing crash pours cold water on soft landing, pointing to rate hikes and a softening labor market

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"We Americans tend to be perennial optimists," Gary Shilling said during an interview on The Retirement Lifestyle Advocates.

https://fortune.com/2024/03/05/soft-landing-federal-reserve-jerome-powell-gary-shilling-recession-us-economy/


Climate change disproportionately affects women who run farms and rural households in poor countries, UN warns

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Female-headed rural households lose on average 8% more of their income during heat waves and 3% more during floods.

https://fortune.com/2024/03/05/climate-change-affects-women-farms-rural-poor-countries-united-nations/


'A force for good in negotiations': John Kerry remembered for major climate deals in his retirement

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Kerry, at the time secretary of state, signed the 2015 Paris Agreement with a granddaughter on his lap.

https://fortune.com/2024/03/05/john-kerry-retirement-climate-deals/


Apple’s iPhone sales plummet 24% in China, while Huawei’s skyrocket 64% as Chinese consumers abandon American tech

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Wall Street’s fears about Apple’s prospects in the region look like “a horror show” right now, said one analyst.

https://fortune.com/2024/03/05/apples-iphone-sales-plummet-china-huawei-skyrocket-chinese-abandon-american-tech/


Gavin Newsom’s big swing at homelessness hits the ballot for Californians

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The measure would restrict how counties use money from a voter-approved tax enacted in 2004 on millionaires.

https://fortune.com/2024/03/05/gavin-newsom-california-homelessness-ballot-proposition-1/


Engagement at work among elder millennials and Gen Zers is in 'dramatic decline,' new Gallup poll says

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Young people will soon make up the bulk of the workforce—but many say their bosses aren’t satisfying their needs.

https://fortune.com/2024/03/05/gen-z-elder-millennials-disengaged-gallup-poll-genx-boomers/


Max won't let you share passwords for much longer

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Follows moves by Netflix, Disney and more

https://fortune.com/2024/03/05/max-password-sharing-ban/


Is Bank of America right for you?

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This financial covers all the bases for most everyday users. See how Bank of America's rates and products stack up.

https://fortune.com/recommends/banking/bank-of-america-review/


Facebook, Instagram and more are inaccessible for a wide swath of users

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Users are unable to log in or reset passwords.

https://fortune.com/2024/03/05/facebook-instagram-outage-march-2024/


Cookie Monster's shrinkflation comments bring out politicians, critics

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“Me hate shrinkflation! Me cookies are getting smaller.”

https://fortune.com/2024/03/05/cookie-monster-shrinkflation/


Looking to learn more about cybersecurity? Here are 5 courses to consider

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From cyber warfare to military gaming to investigating online crimes, schools are now offering cybersecurity courses.

https://fortune.com/education/articles/cybersecurity-courses/


Everything you need to know about choosing the right auto insurance

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Car insurance is essential, but it can be difficult to choose the best plan without spending a fortune.

https://fortune.com/recommends/insurance/what-is-auto-insurance/


7 things you didn’t know your credit card concierge could do

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Many credit cards offer a concierge service to take the hassle out of your day to day and assist you with daily activities. While many people think they’re only good for restaurant reservations, they can do so much more. Here’s 7 things you didn’t know your credit card concierge could do.

https://fortune.com/recommends/credit-cards/credit-card-concierge-benefits/


LVMH-owned Sephora is riding the ‘lipstick effect’ wave as it eyes more growth amid continuing economic downturn

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Sephora contributed to a 76% profit rise in the selective retailing segment, which includes Duty Free shops and raked in $19.4bn in sales last year.

https://fortune.com/europe/2024/03/05/lvmh-sephora-makeup-lipstick-effect-growth-economic-downturn/


Novo Nordisk’s Wegovy and Ozempic boom saved Denmark’s GDP from a no-growth 2023

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Denmark's 1.8% growth in 2023 would have been erased without the contribution from the pharmaceutical industry. The Danish economy is expected to expand by 2.1% this year.

https://fortune.com/europe/2024/03/05/novo-nordisks-wegovy-and-ozempic-boom-saved-denmarks-gdp-from-a-no-growth-2023/


Shein's cheap garments face challenges in U.K. and France

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French lawmakers want to tax fast fashion's environmental harms, while U.K. retailers want the government to close Shein's parcel loophole.

https://fortune.com/europe/2024/03/05/china-fast-fashion-brand-shein-ipo-wake-up-call-france-mulls-50-tariff-uk-retailers-call-closure-tax-loophole/


Singapore's deal to secure Taylor Swift tour exclusivity in Southeast Asia has nation's neighbors fuming—but it's Prime Minister insists the 'very successful' plot wasn't 'unfriendly'

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In the Philippines lawmaker Joey Salceda said the deal is not “what good neighbors do," adding: "Our countries are good friends. That’s why actions like that hurt."

https://fortune.com/2024/03/05/singapore-prime-minister-taylor-swift-exclusive-deal-not-unfriendly/


AMD, like Nvidia, tried to make a weaker chip for the Chinese market—but Washington says it's still too powerful

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U.S. rules bar chipmakers like Nvidia and AMD from selling their best products to China—so they tried to develop weaker alternatives.

https://fortune.com/asia/2024/03/05/amd-tried-to-make-weaker-china-chip-biden-export-controls-china-semiconductors-blocked/


American consumers deserve the same food labeling standards as Europeans

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For 30 years, the U.S. has relied on the Standard Ingredient Label.But the FDA needs to make it easier to read about the health effects of food.

https://fortune.com/europe/2024/03/05/american-consumers-deserve-same-food-labeling-standards-europeans-health-retail/


Alibaba joins Silicon Valley peers like Microsoft in placing big bets on generative AI

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The fundraise remains in progress but Alibaba and HongShan, formerly Sequoia China, have committed to the financing.

https://fortune.com/asia/2024/03/05/alibaba-leads-financing-round-chinese-ai-startup-minimax/


AI is already screening job resumes and rental apartment applications and even determining medical care with almost no oversight

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Lawmakers in at least seven states are taking big legislative swings to regulate bias in artificial intelligence, filling a void left by Congress’ inaction.

https://fortune.com/2024/03/05/ai-screening-job-resumes-rental-apartment-applications-determining-medical-care-almost-no-oversight/


Miami-Dade is the latest county to go into debt to try to do what its private sector won't: Build houses

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Miami-Dade county is short more than 90,000 affordable homes

https://fortune.com/2024/03/05/miami-going-into-debt-to-build-houses/


Detroit industrial plant fire causes multiple explosions that rocked suburbs and sent debris flying a mile away

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The explosions started around 9 p.m. at the Select Distributors plant and that Clinton Township officers and firefighters immediately responded.

https://fortune.com/2024/03/05/industrial-plant-fire-multiple-explosions-rock-detroit-suburbs-send-debris-flying-mile-away-danger/


Volkswagen hit with 2 lawsuits claiming that a Porsche EV battery triggered the massive 2022 fire that sank a  cargo ship with thousands of cars on board

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The Panama-flagged Felicity Ace caught fire near the Azores archipelago in the Atlantic Ocean two years ago and was left adrift after the crew was rescued.

https://fortune.com/europe/2024/03/05/volkswagen-hit-2-lawsuits-porsche-ev-battery-triggered-massive-2022-fire-sank-cargo-ship-thousands-cars/


Jamie Dimon’s firm seals deal with investors to reveal key clean energy metric—the first of the big banks to do so

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JPMorgan Chase agreed with three New York City pension funds holding $478 million to disclose its ratio of clean energy to fossil fuel financing.

https://fortune.com/2024/03/04/jamie-dimon-takes-a-stand-by-signing-jpmorgan-up-as-the-first-big-bank-to-reveal-a-key-clean-energy-metric-to-investors/


NYC’s owl mania unabated as dozens of mourners gather for funeral of Flaco the zoo escapee

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A memorial featuring speeches, songs and poems was held in the late afternoon in Central Park at what organizers call Flaco's favorite oak tree.

https://fortune.com/2024/03/04/flaco-the-owl-funeral-new-york-city/


DeSantis’ Disney district boss gets a new gig: Elections supervisor in Democratic-leaning Orange County

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Glen Gilzean was appointed Monday by the Republican governor to oversee voting in Florida’s fifth-largest county, long a Democratic stronghold.

https://fortune.com/2024/03/04/desantis-appoints-disney-district-boss-orange-county-elections-supervisor/


Billionaire Mark Cuban’s Cost Plus Drugs will begin manufacturing its own medications this week

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The billionaire entrepreneur and Cost Plus Drugs cofounder Dr. Alex Oshmyansky participated in a White House health care roundtable.

https://fortune.com/well/article/mark-cuban-cost-plus-drugs-dallas-pharmaceutical-plant/


Jeff Bezos just passed Elon Musk as the world's richest person with a fortune of $200 billion

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It’s the first time that Amazon founder Bezos has lead the ranking of top individuals by net worth.

https://fortune.com/2024/03/04/elon-musk-worlds-richest-person-title-net-worth-jeff-bezos/


Chicago mayor announces $1 billion revamp of empty downtown buildings amid commercial real estate crisis

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The city has been working with developers to refine plans to repurpose buildings along and near LaSalle Street, once known as the Wall Street of Chicago.

https://fortune.com/2024/03/04/chicago-mayor-1-billion-revamp-empty-downtown-buildings-commercial-real-estate-crisis/


First over-the-counter birth control pill in U.S. begins shipping to stores

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A one-month supply will cost about $20.

https://fortune.com/well/2024/03/04/first-over-the-counter-birth-control-pill-in-u-s-begins-shipping-to-stores/


Coinbase shrugs off site crash as shares of the top U.S. crypto exchange surge

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Shares in Coinbase were up 14% on Monday, the biggest daily jump since January 2022, thanks to crypto's latest bull run.

https://fortune.com/crypto/2024/03/04/coinbase-shares-double-crypto-bull-market/


Former Twitter executives sue Elon Musk for stiffing them out of $128 million in severance, saying he 'doesn't pay his bills'

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“Under Musk’s control, Twitter has become a scofflaw, stiffing employees, landlords, vendors, and others," the lawsuit said.

https://fortune.com/2024/03/04/former-twitter-executives-sue-elon-musk-x-severance-pay/


‘The Big Bang Theory’ co-creator pledges nearly $25 million to UCLA to help low-income students study science and tech

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Chuck Lorre, who dropped out of SUNY-Potsdam and carried student debt for 15 years, said, “The lack of finances is something I understand extremely well."

https://fortune.com/2024/03/04/chuck-lorre-big-bang-theory-25-million-donation-ucla/


Trump’s former CFO pleads guilty to perjury in fraud trial, but still won’t testify against his former boss

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Allen Weisselberg's plea agreement does not require him to cooperate or testify at the hush-money trial, which is scheduled to begin March 25.

https://fortune.com/2024/03/04/allen-weisselberg-pleads-guilty-perjury-trump-fraud/


Elon Musk, Marc Andreessen and other tech billionaires bicker over open vs. closed AI: 'Would you open source the Manhattan Project?'

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An online spat between OpenAI investor Vinod Khosla and Marc Andreessen became a debate on the future of AI: Should it be open source, or not?

https://fortune.com/2024/03/04/elon-musk-marc-andreessen-vinod-khosla-ai-openai-sam-altman-china-debate/


Sergey Brin, who ‘kind of came out of retirement’ to work on AI, says Google ‘definitely messed up’ with Gemini’s racial image generation problem

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The Google cofounder said it’s unclear why Gemini, which served up a Black Hitler and a Black pope, “leans left in many cases.”

https://fortune.com/2024/03/04/sergey-brin-google-definitely-messed-up-gemini-image-generation/


Who are the Ambanis, the ultra-wealthy Indian family that got Rihanna to come out of retirement to play a wedding party?

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They run the largest private sector company in India, where wealth inequality runs rampant.

https://fortune.com/2024/03/04/ambani-family-son-wedding-party-rihanna-billionaires-mukesh-dhirubhai-anant-radhika-merchant/


American Airlines just struck a huge deal to buy more 737 Max jets, the first major endorsement of Boeing since January's fiasco

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Boeing is still working through a major crisis in the wake of the near-catastrophic accident on a 737 Max 9 in January.

https://fortune.com/2024/03/04/american-airlines-boeing-737-max-jets-planes-aircraft/


OpenAI signs open letter to build AI responsibly just days after Elon Musk sued the company for putting profit ahead of people

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OpenAI CEO Sam Altman said progress in AI “will be one of the biggest factors in improving people’s quality of life.”

https://fortune.com/2024/03/04/openai-signs-open-letter-ai-salesforce-sam-altman-elon-musk/


More snow is on the way as California tries to emerge from this weekend's blizzards

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Over 100 miles of interstate remains closed.

https://fortune.com/2024/03/04/california-massive-blizzard-more-snow/


'The children can't play because there's no shade': California's desert communities look into requiring shade as a reprieve from dangerous heat

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Residents in this rural desert in Riverside County are mostly Latinos, Spanish speakers and low-income, and many live in mobile homes without air conditioning and work in fields under the sizzling sun.

https://fortune.com/2024/03/04/rural-california-shade-policies-dangerous-heat/


Want an Airbnb for the eclipse? You'd better book now—searches are up as much as 1,000% in some spots

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And prices are going up as well.

https://fortune.com/2024/03/04/airbnb-eclipse-surge-1000-percent/


'It's a remarkable phenomenon': More than 1 million acres of Texas land have burned in wildfires

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"This is the largest fire in Texas history," U.S. Homeland Security Secretary Alejandro Mayorkas said during a CNN interview.

https://fortune.com/2024/03/04/texas-wildfires-1-million-acres-land-have-burned/


Will Capital One's merger with Discover lead to higher fees?

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If the Capital One and Discover merger goes through, customers may have to deal with changing payment processing networks and higher interest rates and fees.

https://fortune.com/recommends/banking/capital-one-to-acquire-discover/


Internet cables cut in the Red Sea in 'exceptionally rare' incident, disrupting much of Asia, Europe and the Middle East

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Cables of four major telecoms have been “cut”.

https://fortune.com/2024/03/04/internet-cables-cut-red-sea/


'Completely pull the plug on Chinatown': Local business owners warn of DC urban blight if sports teams move to Virginia

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“Right now, we’re still fighting," says Yousef Tellawi, manager of Chinatown's Bulldog bar. “Maybe you could say we’re on life support.”

https://fortune.com/2024/03/04/will-washington-capitols-wizards-move-to-virginia-chinatown-impact/


About 60% of U.S. adults question Biden's mental capacity to serve as president—and it's the same for Trump

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Just 38% of U.S. adults approve of how Biden is handling his job as president.

https://fortune.com/2024/03/04/trump-biden-mental-capacity-to-serve-president-poll/


Behind big pharma is big intelligence

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The world's top pharmaceutical companies tap this group of consultants to provide AI-driven intelligence to get drugs to market faster.

https://fortune.com/2024/03/04/inside-ai-big-pharma/


Supreme Court could rule Monday on Trump's 2024 election fate

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The former president faces 91 criminal charges in four prosecutions.

https://fortune.com/2024/03/04/donald-trump-elections-supreme-court-ballot/


Best credit cards for Marriott in 2024

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Marriott Bonvoy offers five personal credit cards in 2024. They’re all solid, but one stands bafflingly higher than the rest in terms of value.

https://fortune.com/recommends/credit-cards/best-credit-cards-for-marriott/


Marc Andreessen says OpenAI is the ‘security equivalent of swiss cheese’ and a tempting target for Chinese espionage

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OpenAI co-founder Elon Musk adds it would certainly be easy for a state actor to steal its intellectual property.

https://fortune.com/2024/03/04/openai-elon-musk-marc-andreessen-china-espionage/


Polestar CEO says rivals like Mercedes, Ford and Aston Martin that are delaying EV production to wait for consumers to catch up could fall into ‘an incredible trap’

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The EV moment could turn from slump to soar anytime, and if companies aren't ready, they can lose out, Polestar's Thomas Ingenlath said.

https://fortune.com/europe/2024/03/04/polestar-ceo-ev-mercedes-ford-aston-martin-production-consumer-demand-incredible-trap/


Apple hit with $2bn EU fine over silencing music-streaming rivals like Spotify on its platforms

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“For a decade, Apple abused its dominant position in the market for the distribution of music streaming apps through the App Store,” EU antitrust chief Margrethe Vestager said.

https://fortune.com/europe/2024/03/04/apple-2bn-eu-fine-silencing-music-streaming-rivals-spotify-platforms-app-store/


Rich Gen Zers expect to see their wealth increase in 2024

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Gen Z has more confidence in their ability to make bank than Gen X and baby boomers who have had decades to amass wealth.

https://fortune.com/2024/03/04/rich-gen-zers-expect-wealth-increase-in-2024/


Chairwoman of Sweden’s biggest pension fund—which has a track record of awful investments—quits after just 1 week

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Carina Åkerström abruptly left her post at the Alecta, the pension fund that took a $2 billion hit on SVB and First Republic's collapses last year.

https://fortune.com/europe/2024/03/04/carina-akerstrom-quits-alecta-after-just-1-week/


America’s hopelessness crisis may have less to do with the economy and more to do with Gen Z’s mental health, new survey shows

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Only 56% of Americans are hopeful for the future of the U.S. And younger Americans are some of the least hopeful.

https://fortune.com/2024/03/04/america-hopelessness-crisis-economy-gen-z-mental-health-survey/


Gen Z and millennials only buy lab-grown diamonds for design and affordability, says Pandora's CEO, and he'll be 'dead' before they shop for sustainability

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Even millennial A listers, including Selena Gomez and Jennifer Lawrence are fans of Pandora’s lab-grown diamonds.

https://fortune.com/europe/2024/03/04/gen-z-millennials-lab-grown-diamonds-pandora-ceo/


Black professional women are struggling to find their way in a job world where they have few workplace peers

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With attacks on diversity, equity and inclusion initiatives raging, Black women looking to climb the corporate ladder face a more hostile landscape than ever.

https://fortune.com/2024/03/04/black-professional-women-struggling-job-world-few-workplace-peers-diversity-under-attack/


The investment firms trying to take over Macy’s upped their bid to $6.6bn after it rejected their previous deal

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Macy's said that its board reviewed the investment firms’ first proposal and not only had concerns about the financing plan, but also felt there was a “lack of compelling value.”

https://fortune.com/2024/03/04/arkhouse-management-and-brigade-capital-management-offer-to-acquire-macys-6-6-billion/


Taylor Swift got millions in incentives from Singapore to only perform there in Southeast Asia. Now Thai and Philippine politicians are hitting back

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Speculation over the matter gained steam online after Thai Prime Minister Srettha Thavisin said Singapore offered subsidies of up to $3 million for each concert.

https://fortune.com/asia/2024/03/04/taylor-swift-millions-incentives-singapore-perform-southeast-asia-thai-philippine-politicians-hitting-back/


Li Auto wants to sell an electric minivan, complete with fridge and sofa, as it tries to stave off declining sales

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The Chinese EV startup Li Auto sold less than half as many cars in February as it did in December 2023.

https://fortune.com/asia/2024/03/04/li-auto-electric-minivan-fridge-sofa-china-ev-market-sales-decline-shares-drop/


Japan's stock market rally shows no sign of slowing as the Nikkei hits a new record

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Strong corporate earnings and a focus on corporate governance are helping to send Japan's once-slumping stock market to record highs.

https://fortune.com/asia/2024/03/03/japan-nikkei-index-breaks-40000-first-time-ever-japan-shares-bull-run/


'Dune: Part Two' delivers on box-office promise, surpassing $178 million in global debut: 'A cinematic event'

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“Dune 2" rode a wave of great reviews (94% on Rotten Tomatoes) into a marketplace that was essentially free of competition.

https://fortune.com/2024/03/03/dune-part-two-delivers-on-box-office-promise/


Apple buying Rivian? Nissan with Fisker? Tesla rivals’ woes spark speculation

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The EV sector faces a growth slowdown, and pressure is mounting for the likes of Rivian, Lucid, and Fisker.

https://fortune.com/2024/03/03/electric-vehicles-apple-rivian-nissan-fisker-tesla-rivals-speculation/


New ruling in SEC’s Coinbase insider trading lawsuit comes as a blow to the crypto industry as judge finds secondary token sales were securities

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A federal judge agreed with Gary Gensler that sales of crypto assets are securities, even on secondary markets like exchanges.

https://fortune.com/crypto/2024/03/03/sec-coinbase-insider-trading-kraken-howey-binance-ripple-terra/


Swiss voters back boosting pensions—something they hadn't done in 176 years—as high cost of living takes toll

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The government-orchestrated rescue of Credit Suisse last year may have favored the result: "People have been angry."

https://fortune.com/europe/2024/03/03/swiss-voters-back-pensions-boost-cost-of-living/


Bitcoin ETF mania is boosting BlackRock and Fidelity, which together have captured 79% of inflows into 'Newborn Nine'

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Bitcoin has been on a tear this year, topping $63,000 as retail investors wary of missing out snapped up the new ETFs.

https://fortune.com/2024/03/03/bitcoin-etf-mania-blackrock-fidelity/


Left-for-dead uranium mines revived as prices soar, countries eye nuclear power to address climate change

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The mine reopenings mark a revival for an American industry that was at risk of disappearing only five years ago.

https://fortune.com/2024/03/03/uranium-mines-nuclear-power-climate-change-environment/


As Nvidia surge echoes Tesla rally of 2020, investors wonder if AI will see slowdown like the one hitting EVs

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Tesla shares being down more than 50% from their 2021 peak—and other EV stocks faring worse—gives some investors AI jitters.

https://fortune.com/2024/03/03/nvidia-stock-surge-echoes-tesla-rally-2020-investors-ponder-ai-evs-comparison/


Bank of America® Travel Rewards Credit Card review: A simple travel rewards card with basic features

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The Bank of America Travel Rewards Card has no annual fee and has an easy-to-use rewards structure.

https://fortune.com/recommends/credit-cards/bank-of-america-travel-rewards-credit-card-review/


‘College wasn’t for me’: Meet the 48-year-old self-made millionaire who launched a $225 million hair styling empire as a stay-at-home mom

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48-year-old Alli Webb says it only took a day to realize Drybar would be a multi-million-dollar success.

https://fortune.com/2024/03/03/alli-webb-drybar-founder-story/


Hotshot Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: 'It could derail the next administration'

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"It's bad across the board for the country but it's hard to avoid exposure wherever you live in the world," Joao Gomes tells Fortune.

https://fortune.com/2024/03/03/what-is-current-national-debt-how-can-us-get-out/


The 4 expert-backed steps that will help you reach your fitness goals this year

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It all begins with choosing a specific goal that is actually attainable.

https://fortune.com/well/article/workout-habits-to-reach-fitness-goals/


The Gen Z and millennial rebellion against full-price luxury is hurting Burberry and Kering, but propping up secondhand marketplaces

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Secondhand luxury is a taboo no more. In fact, its sales are booming and platforms like Vestiaire Collective and Sellier are winning from it.

https://fortune.com/europe/2024/03/03/luxury-slowdown-spending-lvmh-hermes-burberry-kering-resale-market/


America’s 4th-densest city has wiped out traffic fatalities by taking a page from Sweden and eliminating parking spots

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The death of an 89-year-old pedestrian in 2017 was the last straw for the mayor of Hoboken, N.J. "“I felt it wasn’t acceptable."

https://fortune.com/2024/03/02/hoboken-new-jersey-no-traffic-fatalities-7-years-pedestrians/


DeSantis vetoes social media ban for kids, saying it’s actually too invasive of privacy

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DeSantis had concerns about privacy issues and parental rights, but seemed on board with a proposal to ban access for kids under 14.

https://fortune.com/2024/03/02/florida-ron-desantis-vetoes-social-media-ban-kids-tiktok/


Japan lost its early lead in chips to companies in Korea and Taiwan. Now a new TSMC project could lead the way to 'a renaissance of semiconductors'

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Tokyo pledged billions of dollars to support TSMC's new plant in Kyushu, the first stage in what it hopes will be a return to chip leadership.

https://fortune.com/asia/2024/03/02/japan-lost-early-lead-chips-korea-taiwan-tsmc-project-morris-chang-renaissance-of-semiconductors/


Waymo hails ‘vote of confidence’ as California regulators authorize it to expand robotaxi fleet beyond San Francisco

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The Alphabet-owned robotaxi operator will expand its service into LA and to cities on the peninsula south of San Francisco.

https://fortune.com/2024/03/02/waymo-approved-to-expand-robotaxi-service-in-california/


Tesla rival Fisker is in talks with Nissan on a partnership—and a financial lifeline

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Fisker has warned that its current capital may not be enough to sustain it over the next 12 months without additional funds.

https://fortune.com/2024/03/02/tesla-rival-fisker-in-talks-with-nissan-partnership/


Elon Musk’s $56 billion pay pact was killed by lawyers who are now seeking 29 million Tesla shares to cover legal fees

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The lawyers are making an unusual request to have their legal fees paid in the form of about $6 billion of stock in the EV maker.

https://fortune.com/2024/03/02/lawyers-seek-tesla-shares-for-legal-fees-in-elon-musk-pay-case/


Senegalese migrants are using TikTok and WhatsApp to plan journeys from Nicaragua to the US: 'It's not something hidden'

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US authorities arrested Senegalese migrants 20,231 times for crossing the border illegally from July to December, a 10-fold increase from the same year-ago period.

https://fortune.com/2024/03/02/senegalese-migrants-using-tiktok-to-plan-journeys-from-nicaragua-to-us/


College athletes in Utah will need school approval of any marketing partnerships—and alcohol and tobacco products are off-limits

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In the "wild, wild West" of student-athlete endorsements, Utah is going a step beyond other states.

https://fortune.com/2024/03/02/college-athletes-utah-school-approval-marketing-partnerships-alcohol-tobacco/


Coffee powerhouses Indonesia and Vietnam are sourcing beans from Brazil to meet surging demand at home

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A rapidly developing taste for coffee is transforming Asian producers into large buyers: “It’s tough to get beans these days."

https://fortune.com/asia/2024/03/02/coffee-indonesia-vietnam-sourcing-beans-from-brazil/


Hong Kong is seeing growing internet censorship, and some American companies are using burner phones when visiting, says a top US diplomat

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US Consul General Gregory May says Hong Kong "is starting to go down the slope of trying to take certain content off the internet."

https://fortune.com/asia/2024/03/02/hong-kong-internet-censorship-growing-says-us-diplomat/


A laid-off marketing manager is getting hundreds of interview requests after mounting rejections thanks to a viral video she posted

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As the automatic rejections piled up, 29-year-old Marta Puerto decided to try to tell her story in a different way.

https://fortune.com/2024/03/02/marta-puerto-viral-linkedin-video-job-interviews/


What is a 0% APR credit card, and why should you care?

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A 0% APR card may sound confusing, but knowing how to use one can save you thousands in interest.

https://fortune.com/recommends/credit-cards/what-is-a-0-apr-credit-card/


7 habits that can help you lose weight—and keep it off—according to experts

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Modest steps can lead to meaningful, sustained weight loss, says one expert.

https://fortune.com/well/article/habits-to-lose-weight/


Buying a house has gotten so expensive that homebuyers need to make about $50,000 more than they did pre-pandemic to afford one

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Housing affordability ‘feels the most intense’ it has in 20 years, real estate brokerage owner says

https://fortune.com/2024/03/02/buying-a-house-expensive-50000-more-salary-pre-pandemic/


A new kind of remote work city just drove a $2 trillion gain in the housing market. ‘Pricey metros and pandemic boomtowns’ are drifting, Redfin says

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The national housing market is now worth $47.5 trillion, after a 5.3% increase over the last year, per a Redfin analysis of over 90 million homes.

https://fortune.com/2024/03/02/how-much-housing-market-2-trillion-redfin-remote-work/


Reddit eyes a $6.5 billion valuation for its planned IPO—well short of its pandemic-era peak

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In 2021 Reddit raised funds valuing it at $10 billion.

https://fortune.com/2024/03/01/reddit-ipo-valuation-up-to-6-5-billion/


‘These cows you see dead are worth between $2,500 and $3,000 apiece’: Texas ranchers pick up the pieces after wildfire

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Ranchers and state officials do not yet know the overall number of cattle killed in wildfires that have burned 1,950 square miles

https://fortune.com/2024/03/01/texas-wildfires-how-many-cows-cattle-died/


OpenAI 'categorically disagrees' with Elon Musk’s lawsuit, suggests Tesla CEO has 'regrets'

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OpenAI CEO Sam Altman said he misses the Elon Musk he knew who competed with others by building better technology.

https://fortune.com/2024/03/01/openai-elon-musk-lawsuit-tesla-ceo-regrets/


Michael Dell's net worth just vaulted past $100 billion for the first time, making him the world's 12th-richest person

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Thanks to his company's shares jumping 32% to a record high.

https://fortune.com/2024/03/01/michael-dell-net-worth-wealth-fortune-100-billion/


Boeing is in talks to buy its former unit Spirit AeroSystems and says the move would 'strengthen aviation safety'

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It would mark the planemaker's most dramatic step yet to stabilize its supply chain after a series of damaging production faults.

https://fortune.com/2024/03/01/boeing-in-talks-to-buy-spirit-aerosystems-aviation-safety/


Climate change could be coming for the elephants, study shows

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Hotter temps and less rainfall increases the stress on elderly elephants

https://fortune.com/2024/03/01/climate-change-elephant-habitat-africa-wildlife-conversation/


Victoria’s Secret billionaire can’t be held liable for owning Manhattan townhouse in Jeffrey Epstein case, judge rules

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US District Court Judge Ann Donnelly on Thursday dismissed a lawsuit against Leslie Wexner

https://fortune.com/2024/03/01/victorias-secret-billionaire-les-wexner-manhattan-townhouse-jeffrey-epstein/


The U.S. is short 340,000 accountants—just look at the wave of earnings report mistakes

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Companies like Lyft and Planet fitness had major "typos" in earnings reports, while accounting firms are doing more with less.

https://fortune.com/2024/03/01/accounting-shortage-earnings-report-mistakes/


Frank Slootman, who saw his CEO role as ‘insanely confrontational’ and was likened to Elon Musk, has stepped down at Berkshire-backed Snowflake

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His hard-charging leadership style has garnered perhaps as much attention as his track record.

https://fortune.com/2024/03/01/frank-slootman-snowflake-elon-musk-warren-buffett-tech-leadership/


OpenAI's $86 billion valuation isn't even part of Sam Altman's fortune. Here's how much he's worth

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Bloomberg Billionaires Index just valued Sam Altman's fortune for the first time.

https://fortune.com/2024/03/01/how-much-is-openai-billionaire-sam-altman-worth/


‘Material weaknesses’ in tracking commercial real estate loan risks send NYCB stock plunging, CEO out

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New York Community Bancorp disclosed “ineffective oversight, risk assessment and monitoring activities" and took a $2.4 billion impairment.

https://fortune.com/2024/03/01/nycb-new-ceo-commercial-real-estate-loans-material-weaknesses/


Google terminated its entire unionized YouTube Music team as the workers were testifying to City Council about why they need higher pay

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Contracted tech workers say they're paid as low as $19 hourly in expensive metro. While they were pushing to negotiate with Google, Google laid off the team.

https://fortune.com/2024/03/01/google-unionized-youtube-music-team-city-council-pay/


Department of Energy drops emergency survey of Bitcoin miners after legal backlash

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The federal government is scrapping its emergency survey of the Bitcoin mining industry’s power usage, following a lawsuit by Riot Platforms and the Texas Blockchain Council.

https://fortune.com/crypto/2024/03/01/department-energy-survey-bitcoin-miners-legal-backlash/


U.S. health officials drop 5-day isolation time for COVID-19

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People can leave isolation now if symptoms are mild and improving and fever has been gone for just one day

https://fortune.com/well/2024/03/01/covid-officials-drop-five-day-isolation/


The Fed is just not going to cut interest rates this year, top economist Torsten Slok says

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“The bottom line is that the Fed will spend most of 2024 fighting inflation,” Apollo chief economist Torsten Slok wrote in a Friday note to clients.

https://fortune.com/2024/03/01/when-will-the-fed-cut-interest-rates-inflation/


Wait, really? It’s illegal for pregnant women to get divorced in Missouri

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“Whether the wife is pregnant” is one piece of information required when someone files for divorce in the state, and judges do consider it.

https://fortune.com/2024/03/01/is-it-illegal-to-get-divorced-pregnant-in-missouri/


In just 8 years, Maine’s lobster haul has lost nearly 40 million pounds per year: ‘There’s no question climate change is affecting it’

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From a 132.6 million peak in 2016, last year's haul was just 93.7 million pounds in 2023.

https://fortune.com/2024/03/01/maine-lobster-catch-climate-change-lowest-since-2009/


NYC mayor steps up war on ’24-hour rat buffet,’ requiring all 200,000 businesses to use trash bins

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Commercial trash makes up nearly half of the some 44 million pounds of refuse collected by the city each day, according to Eric Adams.

https://fortune.com/2024/03/01/new-york-city-trash-rat-buffet-bins-eric-adams/


AI programming languages power today’s innovations like ChatGPT. These are some of the relevant languages

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Python is one of the most popular AI programming languages, thanks to its ease and readability.

https://fortune.com/education/articles/ai-programming-languages/


NYC subway ground to a halt after train conductor got slashed in the neck and his union demanded safer conditions

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A union spokesperson said workers reported for work as usual Thursday but remained “on standby” after the attack until getting safety assurances.

https://fortune.com/2024/03/01/new-york-city-subway-conductor-slashed-transit-union-safety-commuting/


Philadelphia’s famously rowdy sports fans claim another victim: One of the best hot dog deals ever

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“It wasn’t just the throwing,” Philadelphia Phillies official John Weber told the AP. “But obviously, you know, the throwing was a little bit of a tipping point.”

https://fortune.com/2024/03/01/philadelphia-phillies-dollar-dogs-sports-fans-rowdy-inflation/


With medical debt burdening millions, a financial regulator steps in to help

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The Consumer Financial Protection Bureau, created after the Great Recession of 2007-09, has increasingly started policing the health care system.

https://fortune.com/well/2024/03/01/medical-debt-financial-regulator-step-in/


How recent cyberattacks revealed America's infrastructure weaknesses

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'We have moved from theoretical attacks on our critical infrastructure to actual attacks with immediate and severe impacts on everyday life.'

https://fortune.com/2024/03/01/how-recent-cyberattacks-revealed-america-infrastructure-weaknesses-tech-politics/


An Oregon man won $8.4 million in the lottery, but didn't realize that for a month

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Oregon man told lottery officials he generally doesn’t play, but the jackpot was “getting up there," then he “spent the whole weekend in shock.”

https://fortune.com/2024/03/01/oregon-lottery-winner-did-not-know/


A billion people worldwide are obese and Ozempic and other weight-loss drugs aren’t a solution, WHO says

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“These drugs are definitely an important tool, but they should not be seen as a solution to the problem,” says a WHO official who co-authored a study in The Lancet.

https://fortune.com/well/2024/03/01/ozempic-weight-loss-drugs-not-solution-obesity-who-world-health/


Millennials and Gen Z face 'snowballing and snowballing' debt as high card balances and interest rates eat into their credit scores

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"If left unaddressed, the issue compounds very, very quickly."

https://fortune.com/2024/03/01/millennials-gen-z-snowballing-debt-interest-rates-credit-scores/


Chase Freedom Unlimited offering new cardholders 1.5% extra in all categories

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A limited-time welcome bonus on the Chase Freedom Unlimited adds an extra 1.5% cash back on up to $20,000 spent in the first year, meaning new cardholders can earn from 3% to 6.5% back on every purchase.

https://fortune.com/recommends/credit-cards/chase-freedom-unlimited-bonus/


The rise of cybercrimes is creating a massive demand for cybersecurity professionals. Here’s how you can become one

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Amid rising cybercrimes, the demand for entry-level cybersecurity professionals is soaring. What are the main cybersecurity job requirements?

https://fortune.com/education/articles/cybersecurity-requirements-to-land-a-career/


Can you enter the cybersecurity industry and get an entry-level job without any experience?

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Getting into the cybersecurity field without experience is challenging, but not impossible.

https://fortune.com/education/articles/how-to-get-into-cybersecurity-with-no-experience/


Bitcoin ETFs hit record volume as single-day high of $612 million pours into BlackRock

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January's launch of the exchange-traded investment vehicles has helped drive the recent rally in digital assets.

https://fortune.com/crypto/2024/03/01/bitcoin-etfs-crypto-blackrock-fidelity-prices-high/


The Centurion Card from American Express: A $5,000-a-year status symbol few can actually get

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The Centurion Card from American Express, famously known as the Amex Black card, is one of the most exclusive cards on the planet. It’s available by invitation only, and charges a $5,000 annual fee.

https://fortune.com/recommends/credit-cards/centurion-black-card-from-american-express/


Fox News reporter held in contempt for refusing to reveal source for stories on Chinese spying allegations

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“Holding a journalist in contempt for protecting a confidential source has a deeply chilling effect on journalism,” Fox News said in a statement.

https://fortune.com/2024/03/01/fox-news-reporter-catherine-herridge-held-in-contempt-source-lawsuit/


Panera story is ‘absurd,’ Newsom’s office claims, insisting it’s not exempt from the minimum wage law after all

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It all has to do with whether dough is baked on premises, but Panera has been exempt for months and Newsom's office has not said otherwise.

https://fortune.com/2024/03/01/panera-gavin-newsom-minimum-wage-law-exemption-bread-bakery/


President Biden warns flood of Chinese cars pose risks to U.S. national security—'I’m not going to let that happen on my watch'

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The administration targets China's ascendent auto industry as it bids to win support in key industrial swing states like Michigan, where Biden trails Trump.

https://fortune.com/2024/03/01/biden-trump-china-cars-national-security-trade-election/


Bud Light beer boycott may now have a price tag, as AB InBev notches a $1.4bn drop in U.S. sales following transgender influencer row

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AB InBev CEO Michel Doukeris said the group’s “growth potential was constrained" by U.S. performance but is seeing signs of recovery.

https://fortune.com/europe/2024/03/01/bud-light-boycott-ab-inbev-1-4-billion-sales-transgender-influencer-dylan-mulvaney/


SPAM's $3.50 'affordable protein' price tag has Hormel Foods' CEO feeling good about the future in the age of the cash-strapped consumer

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Jim Snee, the CEO of Hormel Foods, isn't worried about weight loss drugs like Ozempic, either.

https://fortune.com/2024/03/01/hormel-foods-ceo-spam-protein-inflation-ozempic/


Tesla rival Fisker scrambles for cash as it lays off 15% of staff

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Fisker is looking for cash as the Ocean SUV maker warns investors it might not have enough reserves to survive the year.

https://fortune.com/europe/2024/03/01/tesla-rival-fiskers-future-in-doubt-carmaker-slashes-15-workforce-sits-on-540-million-inventory/


Inside the Black business boom that’s reshaping America's economic landscape

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Consumers should intentionally seek out and support Black-owned businesses, not just during Black History Month or on Juneteenth, but all year long.

https://fortune.com/2024/03/01/black-business-boom-reshaping-america-economic-landscape-entrepreneurs/


Elon Musk's X wants judge to penalize non-profit for documenting hate speech on the platform, costing it millions when advertisers fled

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U.S. District Court Judge Charles Breyer appeared skeptical, questioning X's attorney how the center violated platform rules simply by reporting on posts that were already publicly available.

https://fortune.com/2024/03/01/elon-musk-x-wants-judge-penalize-non-profit-documenting-hate-speech-platform-costing-millions-advertisers-fled/


Elon Musk is suing OpenAI and Sam Altman for breaching startup's founding agreement and putting profit ahead of benefitting humanity

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"OpenAI Inc. has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft,” the lawsuit says.

https://fortune.com/2024/03/01/elon-musk-suing-openai-sam-altman-breaching-startups-founding-agreement-putting-profit-ahead-benefitting-humanity-microsoft/


Bill Gates, Mark Zuckerberg, Bob Iger and Rihanna are all heading to India for 2024's social Davos: the massive 3-day pre-wedding bash for the son of Asia’s richest man

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The pre-nuptial extravaganza for Anant Ambani will not only stand out for its sumptuous feasts and grandeur, but also as a testimony to Ambani’s deepening hold over many areas of the Indian economy.

https://fortune.com/asia/2024/03/01/bill-gates-mark-zuckerberg-bob-iger-and-rihanna-india-2024s-social-davos-massive-3-day-pre-wedding-bash-son-asia-richest-man-mukesh-ambani/


5-day ‘fasting-mimicking diet’ may lower your biological age and reduce disease risk, study says

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The diet may help lower your biological age and reduce your risk of age-related diseases—without drastically changing your eating habits.

https://fortune.com/well/article/fasting-mimicking-diet/


IRS is going after 125,000 Americans who earn more than $400,000 but don't file tax returns: 'This isn’t a small group of people we’re talking about'

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The IRS in recent months has announced a slew of new campaigns aimed at targeting high-wealth individuals who misuse the tax system or fail to pay their obligations.

https://fortune.com/2024/03/01/irs-125000-americans-earn-over-400000-no-file-tax-returns/


Christian Horner denies allegations of misconduct after trove of leaked nudes and illicit texts emerge just 36 hours before F1’s opening race

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Fortune reviewed leaked documents showing text messages and photos, which were allegedly presented as evidence against him in an investigation this month.

https://fortune.com/2024/02/29/red-bull-christian-horner-misconduct-allegations-leak-f1-bahrain/


Saudi-led alliance pushes Palestinian statehood plan as war rages between Israel and Hamas

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The renewed plan for Palestinian statehood would de-escalate tensions in the Middle East, proponents argue.

https://fortune.com/2024/02/29/saudi-led-arab-alliance-palestinian-statehood-plan/


AMC thanks Beyonce and Taylor Swift for ‘literally all’ of its revenue increase last quarter

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The girls are running AMC Theatres’ world this quarter.

https://fortune.com/2024/02/29/amc-theaters-earnings-beyonce-taylor-swift-adam-aron/


Microsoft, ex-Google CEO back startup that aims to make AI systems work as humans intended

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Products from Synth Labs, also backed by Microsoft, will help steer and customize large language models.

https://fortune.com/2024/02/29/synth-labs-ai-alignment-startup-ex-google-ceo-eric-schmidt-microsoft/


Vanguard CEO Tim Buckley to retire after 33 years at $8.7 trillion investment giant

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The Pennsylvania firm’s board has initiated a search process for its next CEO and will consider both internal and external candidates, according to a statement.

https://fortune.com/2024/02/29/vanguard-ceo-tim-buckley-retiring-33-years/


What is cybersecurity?

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Cybersecurity is a broad and dynamic field that’s in high demand, pays well, and is expected to grow.

https://fortune.com/education/articles/what-is-cybersecurity/


Vice execs abruptly lay off workers and end town hall after downpour of thumbs-down emojis

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“It’s impossible to ignore the emojis, from my side,” Vice CEO Chris Dixon said as he ended the Zoom town hall.

https://fortune.com/2024/02/29/vice-town-hall-layoffs-thumbs-down-disapproval-emojis/


Is Bitcoin due for a major correction? JPMorgan predicts drop to $42,000 after April halving

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JPMorgan analysts predict that reduced miner rewards and doubling production costs will depress Bitcoin prices.

https://fortune.com/crypto/2024/02/29/bitcoin-correction-jp-morgan-april-halving/


It’s Singapore’s turn to benefit from ‘Swiftonomics’—and the city-state's neighbors fear a reported backroom deal froze them out

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Other countries aren't happy with Singapore's decision to keep Swift to itself. It's "not what good neighbors do," one politician complained.

https://fortune.com/asia/2024/02/29/singapore-benefit-from-swiftonomics-taylor-swift-exclusivity-not-what-good-neighbors-do/


5 best small business insurance companies in New York of 2024

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New York small businesses have different risks to protect against than those in other states, and specialized coverage may be needed.

https://fortune.com/recommends/insurance/best-small-business-insurance-new-york/


VC billionaire Marcelo Claure is all in on AI, Shein and his hit soccer club—and wishes people would stop bringing up Adam Neumann and WeWork

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The 6-foot-6 corporate conquerer, now 44, has his eyes set on building an investment empire.

https://fortune.com/2024/02/29/vc-billionaire-marcelo-claure-interview-wework-adam-neumann/


71-year-old grocery billionaire has a deal to buy 413 supermarkets from Kroger/Albertsons but feds point to his track record of mass closures

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Rick Cohen joined the family business, C&S Wholesale Grocers, in 1974 and grew his fortune to $21 billion along the way.

https://fortune.com/2024/02/29/kroger-albertsons-ftc-challenge-billionaire-rick-cohen/


Bitcoin will be ‘larger than gold’ thanks to baby boomers’ trillions, Galaxy CEO Mike Novogratz says

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Investors will soon prefer trading digital gold to the real deal, says Mike Novogratz, CEO of Galaxy Digital.

https://fortune.com/crypto/2024/02/29/bitcoin-etf-galaxy-mike-novogratz-gold-digital/


9 million homes will come on the market in the next decade as baby boomers age—but the ‘silver tsunami’ will be more of a ‘tide,’ Freddie Mac says

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Baby boomers aren’t ready to give up their low or non-existent mortgage rates, but as they age their homeownership rates will decline, bringing more supply onto the market.

https://fortune.com/2024/02/29/baby-boomer-housing-silver-tsunami/


Glassdoor is closing its final remaining offices in Chicago and San Francisco as it goes fully remote

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Hybrid isn’t flexible enough for the anonymous job-review site, Glassdoor’s CEO tells Fortune.

https://fortune.com/2024/02/29/glassdoor-closing-offices-fully-remote-christian-sutherland-wong-interview/


Using hearing aids can be frustrating for older adults. Specialists say these 5 tips can help

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Several strategies address barriers that inhibit hearing aid use.

https://fortune.com/well/2024/02/29/hearing-aid-frustration-older-adults/


Senator Josh Hawley suggests a whopping 40-fold tariff increase on Chinese-made electric cars to fend off ‘an existential threat’ to American automakers

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EV import duty would be among the highest of any good—but would it even bring prices down enough?

https://fortune.com/2024/02/29/china-ev-electric-cars-import-tariff-josh-hawley-byd-mexico/


Banks throw Polestar $1 billion lifeline after China’s Geely pledges to support its ailing EV maker

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After large shareholder Volvo refused to continue financing Polestar's business, questions arose whether the latter would be able to survive the ongoing shakeout in the EV market.

https://fortune.com/europe/2024/02/29/polestar-volvo-geely-bankruptcy-loan-funding-thomas-ingenlath/


Morgan Stanley reportedly eyeing spot Bitcoin ETFs as demand shows no sign of slowing

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The Wall Street behemoth is said to be performing due diligence on spot Bitcoin ETFs.

https://fortune.com/crypto/2024/02/29/morgan-stanley-spot-bitcoin-etfs/


California warned to brace for “life-threatening” blizzard conditions, with up to 8 feet of snow

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"It is going to be really bad throughout the entire event," says National Weather Service.

https://fortune.com/2024/02/29/california-life-threatening-blizzard-sierra-tahoe/


New York governor begs Google and Yelp to stop listing illegal weed shops, even as legal firms get delisted

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“If you type in ‘cannabis dispensaries’ in Google Maps or Yelp, you’ll get a long list of unlicensed illegal vendors,” Kathy Hochul says.

https://fortune.com/2024/02/29/cannabis-legal-weed-google-maps-yelp-new-york-kathy-hochul/


Video game job cuts roll on as EA slashes 5% of its staff

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Maker of Madden games launches a wide restructuring plan.

https://fortune.com/2024/02/29/electronic-arts-job-cuts-video-games/


2 Marriott Amex welcome bonuses almost doubled just in time for summer vacation

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Massive new welcome bonuses for two Amex Marriott credit cards (worth potentially thousands in hotel stays).

https://fortune.com/recommends/credit-cards/marriott-amex-welcome-bonus-offer/


New York City wants you to pay another $15 (at least) to drive into Manhattan, starting this summer

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Most drivers in private cars would pay a congestion fee of at least $15, or $22.50 if they aren't enrolled in a regional toll collection program.

https://fortune.com/2024/02/29/new-york-city-congestion-pricing-how-much-summer-2024/


Universal Music Group and TikTok went to war over the use of music—now, their deadlock is getting worse and hurting artists and creators

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TikTok said it would start pulling music off its platform as the two failed to reach an agreement on payments, AI and more.

https://fortune.com/europe/2024/02/29/universal-music-group-tiktok-music-copyright-fair-value-artists-creators/


Millennials are about to become the 'richest generation in history' thanks to $90 trillion wealth transfer, according to new report

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"There is evidence that the youth of today blame the generations before them for the challenges that they and the planet face today."

https://fortune.com/2024/02/29/america-wealthest-one-percent-minimum-millennials-richest-generation/


Gen Z and Baby Boomers can finally agree on something—the 2 generations are both optimistic about the economy bouncing back, new research shows

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Finally, research has uncovered some common ground between Gen Z and Baby Boomers.

https://fortune.com/europe/2024/02/29/gen-z-baby-boomers-agree-generations-both-optimistic-about-economy-mushroombiz-research/


Aston Martin delays EV launch as drivers still want 'smell' and 'noise' of gas engines

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Lawrence Stroll says EV demand isn't where he thought it would be a couple of years ago as consumers opt for hybrid.

https://fortune.com/europe/2024/02/29/aston-martin-betting-james-bond-style-hybrids-delays-iev-drivers-still-want-smell-feel-noise-gas-engines/


Dakota Johnson’s take on her Madame Web castmates sums up the Gen Z vs millennial divide in the workplace: ‘I love them ... and they annoy me’

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"Those three ended up becoming really close, I was always on set working and they did have some days off so it was great when they would come in."

https://fortune.com/2024/02/29/dakota-johnsons-madame-web-gen-z-castmates/


Your guide to the freebies and discounts of Leap Day 2024

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If this year’s extra day makes you hungry, you’re going to be happy.

https://fortune.com/2024/02/29/leap-day-2024-discounts-freebies/


Brooklyn’s new borough president doesn’t care about the ‘character’ of your neighborhood. That’s ‘not more important than putting people in homes

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When a city is missing hundreds of thousands of much-needed homes, the “character of your neighborhood,” an obsession that’s existed for generations, shouldn’t matter.

https://fortune.com/2024/02/29/brooklyn-borough-president-neighborhood-character-housing-crisis-new-york-city/


Anheuser-Busch has reached a new 5-year contract deal with the Teamsters to avoid a massive strike at its 12 U.S. plants

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The strike would have been the first in the U.S. against Anheuser-Busch since 1976.

https://fortune.com/2024/02/29/anheuser-busch-reached-new-5-year-contract-deal-teamsters-avoid-strike-12-us-plants/


France has major beef with faux steak—and it's banning the use of 21 words to describe plant-based meat that way

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A French decree issued Tuesday will ban the use of 21 meat-related terms to refer to plant-based protein alternatives.

https://fortune.com/2024/02/29/france-plant-based-beyond-meat-beef-steak-ban/