Rolex dodges the luxury slump with a record $10bn in sales last year, Morgan Stanley says: 'No other luxury brand can claim such a dominant position'

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Rolex had "greater sales than that of the five following brands Cartier, Omega, Audemars Piguet, Patek Philippe and Richard Mille combined.”

https://fortune.com/europe/2024/02/29/rolex-record-sales-more-than-5-competitors-combined-morgan-stanley-luxury-brand-dominant-position/


Xiaomi founder Lei Jun followed Apple into the EV market. He's now 'very shocked' by the iPhone maker’s decision to pull out

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Like Apple, Xiaomi has invested billions into getting an electric vehicle to market. The smartphone maker debuted its first car in December.

https://fortune.com/asia/2024/02/29/xiaomi-founder-lei-jun-shocked-apple-decision-stop-making-ev/


'Britain's Warren Buffett' and market sage Rob Arnott are skeptical about Nvidia's AI boom

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A growing number of market bears are pointing out the second-mover is the ultimate winner from tech booms.

https://fortune.com/europe/2024/02/29/nvidia-britains-warren-buffet-rob-arnott-investor-naysayers-nvidia-ai-boom/


Illinois judge orders Trump's removal from primary ballot over Capitol riot, allows for an appeal

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The case is one of dozens of lawsuits filed to remove Trump from the ballot.

https://fortune.com/2024/02/28/illinois-judge-trumps-removal-primary-ballot/


Oprah will leave the Weight Watchers board and donate the proceeds from her stake in the company ‘to eliminate any perceived conflict of interest around her taking weight loss medications’

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Winfrey will donate the proceeds from her stake in Weight Watchers to the National Museum of African American History and Culture.

https://fortune.com/2024/02/28/oprah-weight-watcherseliminate-conflict-weight-loss/


Rockstar Games calls off remote work, citing leaks in the run-up to releasing the new Grand Theft Auto VI

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The game maker is requiring workers back in the office five days per week.

https://fortune.com/2024/02/28/rockstar-games-remote-work-grand-theft-auto/


The CEO of the just-privatized Air India describes how tough it was to turn around a 91-year-old airline: 'The first 6 months was really triage'

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“We had all sorts of legacy issues to tidy up," says Air India CEO Campbell Wilson, who took over the former state-owned carrier in June 2022.

https://fortune.com/asia/2024/02/28/air-india-ceo-campbell-wilson-talks-turnaround-airline-tata-sons-triage/


Sam Bankman-Fried claims his autism spectrum disorder means he’s ‘uniquely vulnerable’ and so he shouldn’t go to prison for 100 years

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Lawyers for SBF said that the ex-FTX founder is at risk of violence because of his social deficiencies.

https://fortune.com/crypto/2024/02/28/sam-bankman-fried-claims-autism-spectrum-disorder-means-hes-uniquely-vulnerable-in-prison/


Best credit cards of March 2024

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We compared dozens of credit cards to find the best credit cards for 2024.

https://fortune.com/recommends/credit-cards/best-credit-cards-of-2024/


Meet the asset managers who smell value in the commercial real estate crisis

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Fed policy could be the key for the struggling sector: “Things are going to get better when interest rates come down.”

https://fortune.com/2024/02/28/commercial-real-estate-value-fund-managers-interest-rates/


Trump's lawyers admit he doesn't have cash to pay $454 million verdict: 'properties would likely need to be sold to raise capital'

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The Feb. 16 verdict by Justice Arthur Engoron found Trump inflated the value of his assets by billions of dollars for more than a decade.

https://fortune.com/2024/02/28/donald-trump-cash-to-pay-verdict-would-have-to-sell-properties/


Mobster nicknamed 'Vinny Unions' sentenced to 4 years in prison for extorting New York City labor union

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Vincent Ricciardo, a reputed captain in the Colombo crime family, was also ordered to pay $350,000 in forfeiture and $280,890 in restitution.

https://fortune.com/2024/02/28/colombo-gangster-4-years-prison-vinny-unions-ricciardo-extortion/


We ranked the best cash back cards available in 2024

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These cash back credit cards can put hundreds of dollars back in your pocket.

https://fortune.com/recommends/credit-cards/best-cash-back-credit-cards/


Bitcoin's surge past $60,000 drives record $520 million inflow into BlackRock's ETF in a single day

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Bitcoin advanced for a fifth straight day to its highest in two years and within sight of its all-time high of nearly $69,000.

https://fortune.com/2024/02/28/what-is-price-of-bitcoin-etf-blackrock-record-high/


We ranked the best balance transfer cards available in 2024

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Consolidate your debt and save hundreds of dollars in interest when you transfer a balance to one of these top credit cards.

https://fortune.com/recommends/credit-cards/best-balance-transfer-credit-cards/


Elon Musk promises Tesla fans the Roadster is coming with a 0-60 time below a second—'there will never be another car like this'

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The Tesla CEO is holding out hope for an unveiling by year-end, with a release date sometime in 2025.

https://fortune.com/2024/02/28/elon-musk-tesla-roadster-unveiling-acceleration-production-market-launch-release-date/


Want to grow a career in computer science? Experts say to keep these ideas in mind for master's programs

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In conjunction with the release of Fortune’s rankings of the best master’s in computer science, we ask experts how to stand out in the competitive field.

https://fortune.com/education/articles/best-masters-in-computer-science-methodology/


Trump is prepared to post $100 million bond but not the full $454 million judgment, lawyers say

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New York AG Letitia James has said that she will seek to seize some of Trump's assets if he's unable to pay the judgment.

https://fortune.com/2024/02/28/donald-trump-454-million-judgment-bond-100-million/


Mitch McConnell to step down as Senate's Republican leader in November

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“One of life’s most underappreciated talents is to know when it’s time to move on to life’s next chapter,” he said in prepared remarks obtained by the AP.

https://fortune.com/2024/02/28/mitch-mcconnell-senate-minority-leader-republican-party-steps-down/


Wendy's insists its trial with 'dynamic pricing' is all about prices going down at times and it has 'no plans' for surge pricing like Uber or Lyft

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The internet erupted at the idea of dynamically priced fast food, but Wendy's said the media "misconstrued" what its CEO said.

https://fortune.com/2024/02/28/wendys-surge-pricing-dynamic-company-statement/


Biden gears up for annual physical after 'healthy, vigorous' check-up last time out

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Already the oldest president in U.S. history, Biden would be 86 by the end of a second term.

https://fortune.com/2024/02/28/joe-biden-annual-physical-81-years-old/


The end of Roe v. Wade had essentially no impact on the number of abortions in America—just where

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The latest edition of the #WeCount report for the Society of Family Planning found the monthly average basically unchanged from the Roe v. Wade world.

https://fortune.com/well/2024/02/28/how-many-abortions-after-roe-v-wade-overturned/


Bitcoin breaks $61,000 as flood of ETF demand pushes currency towards all-time high

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Bitcoin is up more than 40% since the start of the year, and some predict new scarcity from an impending "halving" event will drive prices even higher.

https://fortune.com/crypto/2024/02/28/bitcoin-breaks-61000-as-flood-of-etf-demand-pushes-currency-towards-all-time-high/


The ‘Caudillo Syndrome’ is spreading around the world as economic disillusionment pushes voters to bet on populist strongmen

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67% of people believe that the “economy is rigged” to benefit the elite, according to a recent global survey by Ipsos.

https://fortune.com/2024/02/28/caudillo-syndrome-spreading-world-economic-disillusionment-voters-bet-on-populist-strongmen-politics/


Capital One Venture, Spark Cards double down on vacation rentals

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Capital One's new vacation rental partnership allows cardholders to redeem miles and receive benefits on a new curated collection of properties.

https://fortune.com/recommends/credit-cards/capital-one-venture-spark-cards-vacation-rentals/


Disney's cheapest ticket just saw its first price increase in nearly six years

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Park patrons will pay at least 9% more in 2025.

https://fortune.com/2024/02/28/how-much-does-disney-world-cost-price-increase/


The average price of a new car is over $47,000—but analysts see prices dropping all throughout the rest of the year

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It's all about supply. Dealers had 2.6 million cars at the end of January, according to Cox Automotive, compared to 1.74 million a year ago.

https://fortune.com/2024/02/28/how-expensive-new-used-cars-outlook-forecast/


5 best small business insurance companies in Florida of 2024

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In Florida, small business insurance is critical to protect your company from losses due to floods, hurricanes and other issues.

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


Sundar Pichai blasts Google staff for offending customers with Gemini AI bias— 'to be clear, that’s totally unacceptable'

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In an internal email, Sundar Pichai said Gemini's responses risked damaging trust in the company's technology.

https://fortune.com/2024/02/28/google-gemini-race-bias-ai-sundar-pichai/


Best Credit Cards for Hilton in November 2023

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Whether you stay at a Home2 Suites twice a year or frequent the Waldorf Astoria, there’s probably a Hilton-branded credit card in here for you.

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


The rise of the freelancer: Gen Z are turning their backs on secure jobs as layoffs and AI scare them away from the traditional 9-to-5

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Gen Z has "faced nothing but hurdles" in recent years—that's probably why they're gambling on themselves with self-employment and freelance work.

https://fortune.com/europe/2024/02/28/gen-z-work-freelance-self-employment-ai-layoffs-cost-of-living/


Why Elon Musk and Kara Swisher aren't speaking anymore

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In her new memoir "Burn Book: A Tech Love Story," Swisher explains why she’s fed up with Elon Musk, a man she once greatly admired.

https://fortune.com/2024/02/28/why-elon-musk-and-kara-swisher-arent-speaking-burn-book/


Starbucks and union agree to restart contract talks as new CEO Laxman Narasimhan pivots away from tough stance of founder Howard Schultz

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Starbucks said it also agreed to provide workers represented by the Starbucks Workers United union with benefits, such as credit-card tipping, that it was previously providing only to nonunion cafes.

https://fortune.com/2024/02/28/starbucks-union-agree-restart-contract-talks-new-ceo-laxman-narasimhan-pivots-away-tough-stance-founder-howard-schultz/


Britain has the most ‘fragile firms’ in Europe

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The figures follow official data showing the U.K. slipped into a recession at the end of last year, with many analysts expecting stagnation for the next year.

https://fortune.com/europe/2024/02/28/britain-has-the-most-fragile-firms-in-europe/


Millionaire banking boss says ESG investing is good for business: ‘If that makes me woke, shoot me’

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Rightwing populists, politicians and Elon Musk are mounting a backlash against businesses that look beyond profits—but Standard Chartered’s CEO Bill Winters doesn’t care.

https://fortune.com/2024/02/28/millionaire-banking-boss-standard-chartered-ceo-bill-winters-esg-investing-good-for-business-if-that-makes-me-woke-shoot-me/


You now need a net worth of $5.8 million to be among the richest 1% of Americans, report finds

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In Monaco, it would take you more than double that sum.

https://fortune.com/2024/02/28/high-net-worth-ultra-high-net-worth-individuals-top-one-percent-us/


Saudi Arabia needs a second airline because it's 'not as easy as it should be' to get to 'the home of Cristiano Ronaldo,' says the CEO of the country's next carrier

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Riyadh Air CEO Toby Douglas wants to bring a 60s vibe back to aviation—but with "a modernistic Saudi twist."

https://fortune.com/asia/2024/02/28/saudi-arabia-riyadh-air-second-carrier-ceo-toby-douglas-saudi-arabia-tourism-hub/


Wall Street warns that Paris needs to loosen labor laws

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“The labor market is more complicated in France, having more flexibility is something that is important to all of us,” Marc d’Andlau, co-head of Goldman Sachs’s Paris office said.

https://fortune.com/europe/2024/02/28/wall-street-warns-paris-needs-loosen-labor-laws-wants-keep-attracting-post-brexit-bankers/


Trump and Biden may be ignoring America’s 130 million nonunion workers–but these voters will be seeking a champion to elect in November

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While the two sides battle over “America’s workers,” they jointly leave the vast majority of workers who are not represented by unions vulnerable.

https://fortune.com/2024/02/28/trump-biden-america-130-million-nonunion-workers-voters-election-2024/


Wildfires sweep across Texas Panhandle, cutting power and forcing temporary shutdown of Pantex nuclear weapons facility

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Since 1975, Pantex has been the U.S. main assembly and disassembly site for its atomic bombs. It assembled the last new bomb in 1991 while disassembling thousands.

https://fortune.com/2024/02/28/wildfires-sweep-across-texas-panhandle-cutting-power-forcing-temporary-shutdown-pantex-nuclear-weapons-facility/


Bumble joins the tech layoff trend, cutting a third of its staff after CEO shakeup as it struggles to entice new paying users to its dating apps

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The Austin-based company will eliminate about 350 roles globally, it said Tuesday while reporting quarterly results.

https://fortune.com/2024/02/28/bumble-joins-tech-layoff-trend-cutting-third-staff-ceo-shakeup-struggles-entice-new-paying-users-dating-apps/


Belly fat tied to brain health in middle-aged adults at high risk of Alzheimer’s, study finds—but it’s worse for men

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The amounts of fat in the liver, abdomen, and pancreas impact cognitive function and regional brain volumes, Rutgers Health researchers say.

https://fortune.com/well/article/abdominal-fat-alzheimers-disease-men-women/


Just 230,000 babies were born in South Korea in 2023, as the country's baby bust breaks records

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South Korea has the world's lowest fertility rate at just 0.72 births per woman, down from 0.78 in 2022.

https://fortune.com/asia/2024/02/28/south-korea-world-lowest-fertility-rate-population-fall-decline/


FTX fraudster Sam Bankman-Fried asks judge for 6.5 or fewer years in prison, says public doesn’t know his ‘true’ self

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The lawyers of the disgraced crypto entrepreneur filed a sentencing memorandum on Tuesday night asking for a lenient judgment.

https://fortune.com/crypto/2024/02/28/sam-bankman-fried-sentencing-crypto-ftx-prison/


Frustrated creditors demand the liquidation of Country Garden, once China's largest developer, weeks after courts order Evergrande's winding up

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Country Garden is now the epicenter of China's real estate crisis, after the property developer defaulted on its debt last October.

https://fortune.com/asia/2024/02/28/country-garden-winding-up-petition-liquidation-evergrande-china-real-estate-crisis/


After making a deal with activist investor Carl Icahn, utility AEP cuts its CEO loose

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Activist investor Carl Icahn had recently made a deal with AEP to add two of his deputies to the board.

https://fortune.com/2024/02/27/deal-activist-icahn-aep-ceo/


Jeff Bezos, Leon Black, Jamie Dimon, and the Walton family have now sold a combined $11 billion in company stock this month— some for the first time ever

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Do they know something we don’t?

https://fortune.com/2024/02/27/the-great-cashout-jeff-bezos-leon-black-jamie-dimon-and-the-walton-family-have-now-sold-a-combined-11-billion-in-company-stock-this-month-some-for-the-first-time-ever/


Young women are pranking their dads by saying they’re going to work on oil rigs. The responses are heartwarming: ‘Money can’t bring your life back.’

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The pay is high, and often doesn’t require higher education, but the work is deadly both for people and the environment.

https://fortune.com/2024/02/27/women-pranking-dads-oil-rigs-heartwarming-money-life/


Want to master the most popular coding language? This JavaScript guide will help you do it

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JavaScript is the backbone of the internet, powering everything from interactive web pages to mobile apps and video games.

https://fortune.com/education/careers/how-to-learn-javascript/


Blame the Fed’s inflation fighting for why Americans are miserable about the economy, according to Larry Summers (and a bunch of other top economists)

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If we still measured inflation the way we did in 1980, today’s inflation rate would be 8%, Summers calculates.

https://fortune.com/2024/02/27/larry-summers-interest-rates-inflation-consumers-miserable-vibecession/


Electrical transformers are the giant bottleneck waiting for the AI industry: ‘It's going to take several years’

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There’s more to this supply shortage than meets the eye.

https://fortune.com/2024/02/27/electrical-transformers-ai-shortage-wind-solar/


Apollo Global CEO changes his mind about the best investors being American: 'That's no longer the case'

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Apollo CEO Marc Rowan says the best investors operate in Singapore and the UAE.

https://fortune.com/2024/02/27/apollo-global-ceo-us-investment-best-investors-in-world/


Wall Street billionaire Leon Black just sold his Apollo Global stock for the first time since co-founding the private equity giant

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Black unloaded $172.8 million of stock firm last week, according to a regulatory filing Monday. That’s almost 2% of his stake.

https://fortune.com/2024/02/27/apollo-global-stock-leon-black-billionnaire-172-million/


Florida homeowners have no choice but to lower condo prices as insurance and HOA fees 'skyrocket,' Redfin says

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Condo prices in Florida are dropping while the U.S. average continues to rise.

https://fortune.com/2024/02/27/florida-condo-prices-dropping-insurance-hoa/


ExxonMobil CEO says Big Oil has done its part—it's time for civilians generating emissions to pay

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"The dirty secret nobody talks about is how much all this is going to cost and who's willing to pay for it," Darren Woods said on Fortune’s Leadership Next podcast.

https://fortune.com/2024/02/27/exxon-ceo-darren-woods-interview-pay-the-price-for-net-zero/


The sky-high cost of food is eating up our paychecks at a near-historic rate

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The cost of food remains stubbornly high despite ebbing inflation.

https://fortune.com/2024/02/27/cost-of-food-groceries-restaurants-inflation-shrinkflation-greedflation-disposable-income/


Apple pulls the plug on trying to create its own electric car after a decade, plans to reassign 2,000 workers to AI projects

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The decision to wind down the project is a bombshell, ending a multibillion-dollar effort that would have vaulted Apple into a whole new industry.

https://fortune.com/2024/02/27/apple-electric-car-cancel-2000-workers-ai/


Jamie Dimon is unfazed by the $36 billion Capital One-Discover merger that could leapfrog JPMorgan: ‘Let them compete’

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Dimon said regulators shouldn’t stand in the way of the merger.

https://fortune.com/2024/02/27/jamie-dimon-says-bring-it-on-to-capital-one-merger-with-discover/


Our nation is facing a savings crisis. It will take a unified effort to correct it

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A perfect storm is threatening progress on youth financial empowerment, and the financial wellness of a generation of learners is at stake.

https://fortune.com/2024/02/27/impact-initiative-everfi-savings-accounts/


The market sage who warned about the dotcom bubble says another ‘may be forming’ right now over AI

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Jeremy Siegel called equities a “sucker’s bet” in 2000 and sees similarities now—but insists Nvidia is special.

https://fortune.com/2024/02/27/are-tech-stocks-bubble-nvidia-ai-jeremy-siegel-wharton/


SIFMA: Proposed Basel III Endgame new trading capital rules would hobble U.S. banks, capital markets, and the broader economy

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The U.K. and EU reforms will result in a 3.2 to 15% increase in capital levels for global systematically important banks, compared to 30% in the U.S.

https://fortune.com/2024/02/27/proposed-basel-iii-endgame-new-trading-capital-rules-hobble-us-banks-capital-markets-economy-finance/


Jamie Dimon isn’t sold on his billionaire peers’ fears about commercial real estate crisis: ‘most people will be able to muddle through this’

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The dean of Wall Street CEOs thinks the uptick in defaults is normalization, not cause for panic, and there’s one big exception that proves the rule.

https://fortune.com/2024/02/27/jamie-dimon-commercial-real-estate-defaults-jpmorgan-chase-housing/


Some McDonald’s are becoming WcDonald's in an example of real life turning into an anime meme

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Nope, it’s not Stranger Things.

https://fortune.com/2024/02/27/mcdonalds-wcdonalds-rebranding-anime-manga/


In a new memoir, veteran tech journalist Kara Swisher takes the industry she ‘loves’ to task. ‘I don’t like what you’ve done with the place’

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The famed tech journalist published a memoir, 'Burn Book: A Tech Love Story,' about her career covering the world’s most famous tech executives.

https://fortune.com/2024/02/27/kara-swisher-burn-book-tech-love-story-silicon-valley-stories-anecdotes/


41 Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s locations shut down - most with little warning

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The majority were closed last Friday.

https://fortune.com/2024/02/27/outback-carrabbas-bonefish-flewmings-store-closings/


Gen X is actually more worried about retirement than boomers

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Greater student-loan burdens, ebbing pensions, and dueling caretaking duties ... retirement is shaping up to be a real drag.

https://fortune.com/2024/02/27/gen-x-retirement-anxiety-more-worried-than-baby-boomers/


Zurich paid city employees double their monthly salaries. Now it wants that $200 million back

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“Swisscom is aware of the seriousness of this incident and apologizes for the inconvenience caused."

https://fortune.com/europe/2024/02/27/zurich-asks-city-employees-to-return-overpayment-salaries/


Sony cuts 900 jobs in its PlayStation division

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Plans to shutter its London studio.

https://fortune.com/2024/02/27/sony-slashes-900-jobs-playstation/


UK government tells Russian tycoons they aren't getting their impounded yachts and private jets back

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The first Court of Appeal decision on the strict measures imposed since Russia’s invasion of Ukraine went against Eugene Shvidler, Roman Abramovich’s “right hand man."

https://fortune.com/europe/2024/02/27/russian-billionaires-tycoons-uk-appeal-jets-yachts/


Without Medicare Part B’s shield, patient’s family owes $81,000 for a single air-ambulance flight

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Sky-high bills from air-ambulance providers have sparked complaints and federal action in recent years.

https://fortune.com/well/2024/02/27/without-medicare-part-b-patient-family-owes-81000-for-a-single-air-ambulance-flight/


It's a 'new regime,' BlackRock says: 'The era of ultra-low interest rates is in the past, and future expected returns look less attractive'

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The index fund giant warned investors that they should rely more heavily on actively managed strategies going forward.

https://fortune.com/2024/02/27/blackrock-says-new-regime-era-low-interest-rates-over/


Canadian pension plan dumps stake in NYC commercial real estate project for just $1 in 'opposite of a vote of confidence for office'

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Canada Pension Plan Investment Board did three deals at discounted prices, including a pair of Vancouver towers and a Southern California business park.

https://fortune.com/2024/02/27/commercial-real-estate-new-york-city-1-dollar-exit-office-buildings/


Supreme Court casts doubt on Republican-led states' push to regulate social media platforms as 'protection against the Silicon Valley elites'

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Several justices questioned aspects of laws adopted by Republican-dominated legislatures and signed by Republican governors in Florida and Texas in 2021.

https://fortune.com/2024/02/27/supreme-court-casts-doubt-republican-led-states-push-regulate-social-media-platforms-protection-against-silicon-valley-elites/


Civil rights advocates want reparations. San Francisco says how about an apology

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The San Francisco Board of Supervisors is scheduled to vote Tuesday on the resolution apologizing to African Americans and their descendants.

https://fortune.com/2024/02/27/california-san-francisco-reparations-vote-apology-for-slavery/


Microsoft's tie-up with French startup Mistral AI is getting antitrust review from EU

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The EU is looking into the deal as part of its broader review of the generative AI sector to see if it raises any competition concerns.

https://fortune.com/europe/2024/02/27/microsoft-france-startup-mistral-ai-antitrust-review/


SpaceX hit by FAA with list of 17 fixes it must make before it tries to launch Starship again after most recent explosion

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The Federal Aviation Administration ordered 17 corrective actions, including hardware redesigns for its Super Heavy Booster and additional fire protection and upgrades for its Starship vehicle.

https://fortune.com/2024/02/27/spacex-hit-faa-list-17-fixes-must-make-launch-starship-again-most-recent-explosion/


No one will be able to escape the claws of AI, warns JPMorgan CEO Jamie Dimon: 'This is not hype'

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Forget whether or not you currently work with technology. JPMorgan’s billionaire boss Jamie Dimon thinks that “almost every job” will get an AI makeover.

https://fortune.com/2024/02/27/jpmorgan-ceo-jamie-dimon-ai-job-makeover-unavoidable/


Spain prepares to ban short-haul flights when a train is available—it may hit private jets

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Spain is trying to clamp down on airlines' CO2 emissions, but loopholes mean the ban won't carry much of a sting.

https://fortune.com/europe/2024/02/27/spain-ban-short-haul-flights-train-private-jets/


'Before any crash it felt great’ Jamie Dimon isn't sold on the good news coming out of the U.S. economy, saying it may prove a precursor of recession

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"Remember in 1972 you felt great too."

https://fortune.com/2024/02/27/jamie-dimon-jpmorgan-chase-american-economy-crash-1972/


Disney's live action movie boss is leaving as Bob Iger struggles with flops and proxy fight with Nelson Peltz

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Sean Bailey, the longtime president of film production for the Walt Disney Co.’s namesake studio, is leaving the company.

https://fortune.com/2024/02/27/disney-live-action-movie-boss-sean-bailey-leaving-bob-iger-struggles-flops-proxy-fight-nelson-peltz/


The buzz around DEI’s ‘Great Retreat’ is overblown–and data-backed proof of the opposite abounds

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The data suggests that companies are doubling down on DEI as an essential part of their business strategy.

https://fortune.com/2024/02/27/buzz-dei-great-retreat-overblown-data-backed-proof-opposite-diversity-leadership-careers/


Chocolate and cosmetic prices could soar on Europe’s new cocoa law

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“There is a gun to our head to set up systems and get ready,” said Paul Davis, president of the European Cocoa Association industry group.

https://fortune.com/europe/2024/02/27/chocolate-cosmetic-prices-soar-europe-new-cocoa-law-requires-firms-prove-every-bean-import-didnt-contribute-deforestation/


UAE's biggest company is adding an AI-powered observer backed by Microsoft to its board

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Aiden Insight’s role will include risk assessment and compliance monitoring, according to a statement on Monday. It will attend IHC board meetings as a non-voting observer.

https://fortune.com/asia/2024/02/27/abu-dhabi-uae-biggest-company-ihc-adding-ai-powered-observer-backed-microsoft-board/


We haven’t been this downbeat about our jobs since the pandemic started—and tech workers are especially blue

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Amid layoffs and AI concerns, tech workers are having the worst time, and they're dragging down the mood of the workforce.

https://fortune.com/2024/02/27/worker-satisfaction-new-low-tech-layoffs/


College degree requirements in job postings are slowly, but surely, becoming a thing of the past

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They’re down 4% from pre-pandemic, with no signs of slowing down, per Indeed. Here’s what might replace them.

https://fortune.com/2024/02/27/degree-requirements-job-listings-indeed/


BYD's Europe president says subsidies aren't the reason for its success, instead claims the EV giant is just better managed than its competition

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BYD's European competitors are “afraid they cannot offer a competitive price," BYD Europe president Michael Shu said.

https://fortune.com/asia/2024/02/27/byd-europe-president-responds-european-subsidy-probe-china-ev-market-competition/


Li Auto wins race to become the first of China's major EV startups to turn a profit, sending shares up by over 25%

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Li Auto president Donghui Ma predicted Monday that the "iPhone moment" for autonomous driving might come in a matter of years.

https://fortune.com/asia/2024/02/27/li-auto-first-major-china-ev-startup-annual-profit-earnings-shares-surge/


Meet the former billionaires who pledged stock as collateral and were underwater when the margin calls came in

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Consider Tellurian's Charif Souki, once America’s best-paid executive, who sold shares for $37 million that were valued at $250 million when he pledged them.

https://fortune.com/2024/02/26/margin-calls-leverage-former-biillionaire-ceos-underwater/


Ken Griffin, the Koch brothers and other billionaire GOP megadonors consider where to spend their money after DeSantis, Haley flameouts

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“I am focused on actively supporting exceptional candidates across the country, such as David McCormick, Tim Sheehy, and Larry Hogan,” Griffin said.

https://fortune.com/2024/02/26/ken-griffin-koch-brothers-republican-billionaire-megadonors-trump-haley-desantis/


Warren Buffett's Berkshire Hathaway flirts with $1 trillion valuation as stock briefly hits record high

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The stock closed lower by 1.9%, after earlier gaining 3.1% in its biggest one-day jump since August.

https://fortune.com/2024/02/26/how-valuable-berkshire-hathaway-warren-buffett-1-trillion-market-capitalization/


Nonbinary teen who died the day after a fight with three girls in a bathroom spurs student walkout in Oklahoma

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Police are investigating Nex Benedict's cause of death.

https://fortune.com/2024/02/26/nonbinary-teen-student-walkout-oklahoma/


The voice in a robocall sounded like Biden but instead came from a New Orleans magician, said the political consultant behind the scheme who wanted to send a 'wake-up call' about the dangers of AI

https://content.fortune.com/wp-content/uploads/2024/02/AP24057760931863-e1708993829500.jpg?w=2048

New Hampshire authorities are investigating the calls as a potential violation of voter suppression laws.

https://fortune.com/2024/02/26/robocall-biden-magician-scheme-dangers/


Utility will pay $80 million to resolve allegations that power lines ignited dry brush in California blaze that ravaged more than a thousand homes

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The fire decimated 439 square miles in Ventura and Santa Barbara counties.

https://fortune.com/2024/02/26/utility-million-power-lines-ignited-california-blaze/


After Alabama’s IVF nightmare, these are the 10 worst states for women to live in

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Unequal pay, inadequate child care options, and workplace bias are just some of the challenges women face.

https://fortune.com/2024/02/26/states-worse-for-women-alabama-ivf-nightmare/


Italy has been trying to woo Tesla-beating BYD as the second auto giant on its shores

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Italian government wants second car manufacturer beyond Fiat maker Stellantis NV.

https://fortune.com/europe/2024/02/26/italy-approaches-byd-manufacture-electric-vehicles/


Tesla-beating BYD shows off its ambitions—including a 1,200-horsepower luxury SUV that can float on water

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The Yangwang U8 plug-in hybrid is also able to make a 360-degree “tank turn” on the spot.

https://fortune.com/2024/02/26/byd-geneva-motor-auto-show-luxury-suv-floats-water/


Warren Buffett says the stock market is increasingly ‘casino-like’—and young investors need to remember this ‘one fact of financial life’ to avoid the mess

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“For whatever reasons, markets now exhibit far more casino-like behavior than they did when I was young,” Buffett wrote in his annual letter to Berkshire investors.

https://fortune.com/2024/02/26/warren-buffett-berkshire-hathaway-earnings-stock-market-casino-like/


British billionaire Joe Lewis' pilot pleads guilty to insider trading: 'I knew at the time what I was doing was wrong'

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Joe Lewis himself also plead guilty to insider trading

https://fortune.com/europe/2024/02/26/joe-lewis-pilot-pleads-guilty-insider-trading/


Microsoft just invested in the OpenAI of Europe, a French startup with a chatbot called 'Le Chat'

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Microsoft and Mistral didn't disclose the financial terms of the deal, though Microsoft said it involves a small investment in the Paris-based startup.

https://fortune.com/europe/2024/02/26/microsoft-mistral-funding-startup-france-paris-le-chat/


The FTC is suing to block Kroger’s $24.6 billion acquisition of Albertsons, saying the merger of the two biggest supermarket chains would result in higher grocery prices

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In the complaint, the FTC said the combination of Kroger and Albertsons chains would unduly concentrate the market.

https://fortune.com/2024/02/26/ftc-sues-kroger-albertsons-merger-supermarket-chains-grocery-prices-lower-wages/


25-year-old Air Force member livestreams setting himself on fire in protest of war in Palestine, dies of his injuries

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The active-duty member of the U.S. Air Force died after he set himself ablaze outside the Israeli Embassy in Washington, D.C.

https://fortune.com/2024/02/26/israel-embassy-air-force-member-dies-fire-antiwar-protest/


Warren Buffet says you should never trust a financial pundit: It’s like finding gold and then ‘handing the map to the neighbors showing its location'

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Berkshire CEO Warren Buffett dishes out investing advice from his younger sister. Lesson #1: Ignore financial pundits with bad incentives.

https://fortune.com/2024/02/26/warren-buffet-berkshire-earnings-bertie-charlie-munger-never-trust-financial-pundits/


MicroStrategy, chaired by billionaire crypto evangelist Michael Saylor, just dropped over $150 million to buy thousands of Bitcoin

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The purchase raised the value of MicroStrategy's holdings to around $9.88 billion, based on currency market prices.

https://fortune.com/2024/02/26/microstrategy-michael-saylor-dropped-150-million-to-buy-thousands-of-bitcoin/


Looking to learn the ropes of the business world? These 6 organizations offer free or paid business courses online

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Harvard and MIT are among the top providers of accessible and flexible business learning opportunities online.

https://fortune.com/education/articles/business-courses-online/


We asked 50,000 citizens in 23 countries what they expect of their government–and they expressed dissatisfaction across the board

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the chasm between citizens’ expectations and governments’ delivery is widening.

https://fortune.com/2024/02/26/we-asked-50000-citizens-23-countries-expect-government-developed-inflation-high-cost-of-living-politics-economy/


Amy Schumer reveals Cushing’s syndrome diagnosis after being criticized for her appearance: ‘Thank you so much for everyone’s input about my face’

https://content.fortune.com/wp-content/uploads/2024/02/GettyImages-1743407727-e1708965421740.jpg?w=2048

How to spot the symptoms of the rare hormonal disorder.

https://fortune.com/well/2024/02/26/amy-schumer-cushings-syndrome-symptoms/


Ikea could be headed to a mall near you

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Chain looks to diversify its footprint.

https://fortune.com/2024/02/26/ikea-shopping-mall-expansion/


You won’t be taxed if your federal student loans were forgiven last year—unless you live in one of these states

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Depending on the state you live in, you may owe taxes on federal student loan relief.

https://fortune.com/2024/02/26/federal-student-loans-forgiven-taxed-five-states/


The private company whose spacecraft on the moon tipped over is expected to cease operations after cutting mission short

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The lander, Odysseus, is the first U.S. spacecraft to land on the moon in over 50 years, carrying experiments for NASA, the main sponsor.

https://fortune.com/2024/02/26/moon-landing-private-company-nasa-tips-over-odysseus/


As U.S. government remains gridlocked, Warren Buffett's son Howard has given Ukraine half a billion dollars

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"I think [Zelenskyy's] a pretty amazing guy."

https://fortune.com/2024/02/26/warren-buffetts-son-howard-has-given-500-million-to-ukraine/


Sustainability policies complicate the WTO’s work–and make it more indispensable than ever

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CEOs are concerned that free riders will end up the winners as others step up to the sustainability agenda and bear costs in doing so.

https://fortune.com/2024/02/26/sustainability-policies-complicate-wto-work-trade-environment-politics/


Bilt Rent Day bonus: Members choose the brackets for March 1 rewards

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

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

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


Polygon veterans raise $27 million seed round for blockchain-scaling startup Avail

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The future for scaling blockchains will be rollup-centric, according to Avail.

https://fortune.com/crypto/2024/02/26/polygon-avail-rollups-blockchain-seed-round-funding/


Ryanair CEO wants Boeing to pay his budget airline compensation after Alaska Airlines incident puts summer travel season under threat

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Ryanair CEO Michael O’Leary slammed Boeing for being a manufacturing “shit show” as potential delays in aircraft deliveries for the summer could mean bad news.

https://fortune.com/europe/2024/02/26/ryanair-ceo-michael-oleary-compensation-boeing-manufacturing-delivery-delays/


As Nvidia hits $2 trillion, billionaire Marc Rowan’s asset manager Apollo calls AI a “bubble” worse than even the dotcom era

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Cathie Wood's ARK Invest fund manager appears to agree—she has been reducing her holdings in AI semiconductor stocks

https://fortune.com/2024/02/26/nvidia-ai-bubble-apollo-asset-manager-dotcom-artificial-intelligence/


Lord Jacob Rothschild dies at 87

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Rothschild's offshoot business — now known as RIT Capital Partners Plc — is one of the UK’s largest investment trusts.

https://fortune.com/europe/2024/02/26/lord-jacob-rothschild-dies-at-87/


Germany’s latest ‘net zero’ plan involves storing carbon dioxide underground beneath the sea

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Opponents maintain that so-called carbon capture and storage is unproven at scale and has been less effective than alternatives such as solar and wind at decarbonizing the energy sector.

https://fortune.com/europe/2024/02/26/germany-latest-net-zero-plan-storing-carbon-dioxide-underground-beneath-sea/


The billionaire boss of a South Korean construction giant is encouraging his workers to have children with a $75,000 bonus

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How much is putting your career aside to have a baby worth? A $75,000 no-strings-attached bonus at the South Korean construction giant, Booyoung Group.

https://fortune.com/2024/02/26/billionaire-boss-south-korean-construction-giant-booyoung-group-encouraging-workers-children-75000-bonus/


Gen Z is more likely to call in sick to work than Gen Xers 20 years their senior thanks to a mental health crisis ‘turbocharged’ by young women

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Young women are 1.6 times more likely to call in sick than Gen Z men, research shows.

https://fortune.com/europe/2024/02/26/gen-z-sick-work-gen-xers-mental-health-crisis-young-women/


‘Ugh!’ Warren Buffett used his shareholder letter to scorn heirs to huge fortunes planning to ‘live a lifetime of leisure’

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"Even heirs to such a holding can—ugh!—sometimes live a lifetime of leisure."

https://fortune.com/2024/02/26/warren0buffett-dynastic-wealth-shareholder-letter/


Renault takes on Tesla-beating BYD with entry-level $27,000 EV that offers a baguette basket and sparkle colors

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Starting deliveries in September, the R5 is going up against the €23,300 electric Citroën ë-C3 that’s made by rival Stellantis NV.

https://fortune.com/europe/2024/02/26/renault-takes-on-tesla-beating-byd-with-entry-level-27000-ev/


French mining CEO warns Indonesia could wipe out global nickel rivals

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Indonesia holds the world's largest nickel reserves and it's been ramping up production in the last few years.

https://fortune.com/asia/2024/02/26/eramet-mining-giants-worried-flood-cheap-indonesian-nickel-wipe-them-out-new-caledonia/


Remember the predicted 2024 recession? Economists don’t—they’ve instead raised their growth forecast by almost 70% for the year

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Economists also more than doubled their estimates for the number of jobs gained across the economy this year, though it would still likely be down from the previous one.

https://fortune.com/2024/02/26/predicted-2024-recession-economists-raised-growth-forecast-70-2024/


Warren Buffett credits Japan’s trading houses for their ‘superior’ shareholder-friendly policies, days after the country's stock market broke a 35-year-old record

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The Nikkei 225 broke an all-time record last week, driven by a weak yen and improving shareholder returns from Japanese companies.

https://fortune.com/asia/2024/02/26/warren-buffett-credits-japan-trading-houses-superior-shareholder-friendly-policies-nikkei-record-high/


Jack Ma vs. Ken Griffin: Ant Group outbids Citadel for the remains of Credit Suisse's China investment bank venture

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The bid from Ant Group, which operates China's Alipay, could face significant scrutiny from Beijing—posing a dilemma for Credit Suisse-owner UBS.

https://fortune.com/asia/2024/02/26/jack-ma-vs-ken-griffin-ant-group-outbids-citadel-credit-suisse-china-investment-bank-ubs/


Malaysia's prime minister doesn't want to choose between the U.S. and China

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Anwar Ibrahim asked why he would want to "pick a quarrel" with China, Malaysia's largest trading partner.

https://fortune.com/asia/2024/02/26/malaysia-prime-minister-anwar-ibrahim-does-not-want-to-choose-between-china-us/


Macron jeered by angry farmers at Paris Agricultural Fair: 'You have grievances. You do not have a government that’s completely deaf'

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Before the official opening, several dozen protesters forced their way through security barriers and entered the site as the president was arriving

https://fortune.com/europe/2024/02/25/emmanuel-macron-booed-jeered-angry-farmer-protests-paris/


Tesla-beating BYD unveils $230,000 supercar and $14,000 hatchback in same week

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China's top EV maker BYD, backed by Warren Buffett’s Berkshire Hathaway, is more versatile than many might realize.

https://fortune.com/2024/02/25/byd-unveils-230k-supercar-14k-hatchback-same-week-china-ev-automotive-tesla-beater/


With AI forcing data centers to consume more energy, software that hunts for clean electricity across the globe gains currency

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The climate risks sparked by AI-driven computing are far-reaching—and will worsen without a big shift to clean power.

https://fortune.com/2024/02/25/ai-data-centers-energy-software-hunts-for-clean-electricity/


Mexican politics are getting ugly after the president doxxed a New York Times reporter: Now his son's phone number was posted online

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The president’s oldest son, José Ramón López Beltrán, wrote on X that he considered the action “a kind of vengeance” that puts his family in danger.

https://fortune.com/2024/02/25/mexico-president-amlo-new-york-times-phone-number-son/


Oregon doesn't have a 'sea of strip malls' because it's been illegal to build housing outside cities since the 1970s. That could be changing

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Lawmakers are considering changes to a liberal sacred cow, the so-called urban growth boundary in place for 50 years.

https://fortune.com/2024/02/25/oregon-affordable-housing-crisis-land-use-suburbs-strip-malls-1970s/


Tesla-beating BYD, after spooking legacy carmakers with its low costs, unveils $233,450 supercar to rival Ferrari and Lamborghini

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The Yangwang U9 can hit 100 km/h (62 mph) in 2.36 seconds and reach a top speed of 192 mph, BYD said.

https://fortune.com/2024/02/25/byd-ev-supercar-yangwang-u9-to-rival-ferrari-lamborghini/


Capital One VentureOne vs. Venture vs. Venture X

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We analyzed Capital One’s VentureOne, Venture, and Venture X cards by looking at their annual fees, welcome bonuses, miles, and travel perks.

https://fortune.com/recommends/credit-cards/capital-one-ventureone-vs-venture-vs-venture-x/


Meet a 30-year-old delivery driver who dumped the apps to go into business for himself because of a minimum wage law

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Tony Illes made a good living off deliveries for years—10,000 trips worth. But everything changed when Seattle passed a new ordinance.

https://fortune.com/2024/02/25/gig-worker-economy-seattle-minimum-wage-delivery-apps-uber-doordash/


The ‘prophet of urban doom’ says a 1970s-style 'doom loop' is here for New York City, and it's just the first inning of the ballgame

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“Over the next three to five years, we’re really going to start seeing this," says Columbia's Stijn Van Nieuwerburgh. "This cycle is out of control.”

https://fortune.com/2024/02/25/commercial-office-real-estate-crisis-vacancy-remote-work-new-york-city-doom-loop/


Do you really need individualized food advice? What experts say about the personalized nutrition trend

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In the long term, following a personal nutrition plan may help with disease prevention and increase your healthspan.

https://fortune.com/well/article/personalized-precision-nutrition/


Tesla-beating BYD and other Chinese carmakers using Mexico as back door poses ‘extinction-level’ threat to U.S. auto sector, warns trade group

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The Alliance for American Manufacturing sounded the alarm in a report issued Friday.

https://fortune.com/2024/02/24/chinese-carmakers-evs-mexico-back-door-threat-american-automotive-sector/


De-risking and friendshoring won't get governments supply chain security. Putting their economic house in order will

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There's a right way and a wrong way to get supply chain security—and most countries are choosing the latter.

https://fortune.com/asia/2024/02/24/derisking-friendshoring-wont-achieve-supply-chain-security-getting-economic-house-in-order-will/


Japan kicks in another $4.8 billion for TSMC plant, calls chips ‘extremely essential for the future of industries’

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Japan aims to secure the supply of chips used in everything from automobile production to mobile phones.

https://fortune.com/2024/02/24/japan-tsmc-plant-subsidies-semiconductors-chips-technology/


Tesla asked to start construction of Mexican factory 'in March at the latest' as Elon Musk frets about high interest rates, global economy

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Tesla plans to build a cheaper next-generation electric vehicle at the gigafactory—which first needs to be built.

https://fortune.com/2024/02/24/tesla-mexico-factory-elon-musk-cheaper-evs-interest-rates-economy/


Jeep cuts prices and expands lineup amid tougher competition and high interest rates: ‘We needed to do something’

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Jeep’s market share fell to 3.92% in the fourth quarter of 2023, down from 5.17% in 2019.

https://fortune.com/2024/02/24/jeep-cuts-prices-expands-lineup-stellantis-automotive/


'Part older brother, part loving father': Warren Buffett insists his departed vice chair, Charlie Munger, was the 'architect' of Berkshire Hathaway all along

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In his first annual letter to shareholders since Munger’s death, Buffett said his late partner played a bigger role than many realized.

https://fortune.com/2024/02/24/warren-buffett-charlie-munger-annual-letter-berkshire-hathaway-architect/


Blackstone CEO Schwarzman's pay drops 30% to $896.7 million, still a near-record payout

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Blackstone President Jon Gray, Schwarzman’s heir apparent, got $266.4 million in 2023, a decrease from $479.2 million a year earlier.

https://fortune.com/2024/02/24/how-much-does-ceo-of-blackstone-schwarzman-make/


Billionaire Miami Dolphins owner Stephen Ross amazed at team's worth: 'I never dreamed we’d be so fast at the valuations that are out there today'

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The real-estate mogul confirmed he's looking to "monetize a portion" of the NFL team at the the FII Priority event in Miami backed by Saudi Arabia.

https://fortune.com/2024/02/24/billionaire-miami-dolphins-owner-stephen-ross-valuations-nfl/


Biden brokers $1 billion deal with Oregon, Washington, 4 Columbia River tribes to revive the Northwest's salmon population

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The Columbia River Basin, an area roughly the size of Texas, was once the world’s greatest salmon-producing river system.

https://fortune.com/2024/02/24/white-house-1-billion-salmon-oregon-washington-columbia-river/


'Next Tesla' EV startups struggle as demand sags and once-bullish investors flee: 'Whoever finds a sponsor has the best chance'

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Rivian’s market value is around $9.6B and Lucid’s is about $6.9B—down from their $153B and $91B valuation peaks, respectively.

https://fortune.com/2024/02/24/next-tesla-ev-startups-struggle-as-investors-flee/


Wendy Williams emerges to thank fans for support ahead of Lifetime documentary on dementia diagnosis

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“I want to say I have immense gratitude for the love and kind words I have received after sharing my diagnosis," the 59-year-old said in a statement to the AP.

https://fortune.com/well/2024/02/24/wendy-williams-thanks-fan-dementia-diagnosis-lifetime-documentary/


Former NRA chief Wayne LaPierre's private jets, lavish spending result in $4.4 million jury verdict

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New York AG Letitia James, a Democrat who campaigned on investigating the NRA’s not-for-profit status, declared the verdict a “major victory.”

https://fortune.com/2024/02/24/nra-trial-wayne-lapierre-4-4-million-verdict-private-jets/


New York City mourns unlikely wildlife celebrity: Flaco the owl is dead

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A little over a year after he was freed from the Central Park Zoo in an unsolved criminal act, Flaco appears to have collided with a building, the zoo said.

https://fortune.com/2024/02/24/new-york-city-mourns-flaco-the-owl-dead/


Quiet quitting among the highest-paid workers is driving the average workweek to pre-pandemic levels

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“There's never been more people working in America, and yet, individuals, on average, are working less,” says ADP's chief economist.

https://fortune.com/2024/02/24/quiet-quitting-high-paid-workers-average-workweek/


Steve Jobs adopted a no ‘bozos' policy and said the best managers are those who never wanted the job—here are his 3 best management tips

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Hiring only for ‘professional management’ doesn’t work, Steve Jobs said

https://fortune.com/2024/02/24/steve-jobs-management-advice/


Million-dollar homes are swallowing D.C.’s housing market as a whopping 20% of listings are out of reach for most people

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Most D.C. residents can only afford a $300,000 home

https://fortune.com/2024/02/24/washington-dc-unaffordable-housing-market/


Meet a 28-year-old Starbucks manager who demoted himself from the job he loves because of a ‘hard time getting management to hear me’

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No matter how good a barista or supervisor you are, says Fenrir Larsen, “there’s been a lot of hour cuts across the country.”

https://fortune.com/2024/02/24/starbucks-union-21-stores-nlrb-hour-cuts-interview-workers/


One secret to preventing dementia, diabetes, and heart disease may lie in your oral health habits. Here’s the dental routine to follow

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While the overall connection between oral health and overall health is well documented, it’s not generally discussed at well or dental visits.

https://fortune.com/well/article/oral-health-connection-diabetes-heart-disease-alzheimers/


Employers are hiding a secret about strict return-to-office mandates—they’re probably bluffing about how many days they want you back

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When companies say they want staff back in four days a week, they secretly mean three, according to the European boss of a real estate services group.

https://fortune.com/europe/2024/02/24/employers-secret-return-to-office-mandates-bluffing-remote-work/


Jamie Dimon and his inner circle at JPMorgan offloaded nearly $170 million in stock as the bank’s share price hit a new high

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The sales were made via trading plans set up in advance by executives to trigger sales at certain times.

https://fortune.com/2024/02/23/jamie-dimon-and-his-inner-circle-at-jpmorgan-offloaded-nearly-170-million-in-stock-as-the-banks-share-price-hit-a-new-high/


After Jeff Bezos unloaded $4 billion in Amazon stock, JPMorgan's Jamie Dimon sold $150 million in shares—a first for the banking chief

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JPMorgan CEO Jamie Dimon announced last fall that he would begin pruning holdings from his family's stash of 822,000 shares in the banking giant.

https://fortune.com/2024/02/23/bezos-amazon-stock-jpmorgan-dimon-sold/


Jeff Bezos and Nvidia join OpenAI and Microsoft in backing a humanoid robot unicorn valued at $2 billion, sources say

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Figure AI is raising $675 million in a funding round that carries a pre-money valuation of roughly $2 billion, said people with knowledge of the situation.

https://fortune.com/2024/02/23/jeff-bezos-nvidia-openai-microsoft-robot-unicorn-figureai-funding-round/


Fortune asked Alexis Ohanian about being cut out of Reddit's IPO filing by his onetime best friend and cofounder. His response? Fortune asked Alexis Ohanian about being cut out of Reddit's IPO filing by his onetime best friend and cofounder. His response? ¯\_(ツ)_/¯

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Alexis Ohanian and Steve Huffman cofounded Reddit in their college dorm before a disagreement ended their friendship.

https://fortune.com/2024/02/23/alexis-ohanian-excluded-reddit-ipo-filing-steve-huffman/


Why Japan's stock market is breaking 35-year records even as its economy falls into recession: Welcome to the investing world of 'not that bad'

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The stock market is not the economy—just look at what's happening in Japan.

https://fortune.com/asia/2024/02/23/why-japan-economy-recession-stock-market-record/


Software developer vs. software engineer: Seemingly so similar career tracks—but with some distinct differences

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Software developers and engineers share similar responsibilities, but one tends to focus more on problem solving strategy.

https://fortune.com/education/articles/software-engineer-vs-software-developer/


Tesla screwed a Black-owned bakery out of $16,000: ‘It felt like we didn't matter'

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Bakery owner Voahangy Rasetarinera told Fortune the incident was just a miscommunication and not motivated by racism, and Tesla later apologized to her.

https://fortune.com/2024/02/23/tesla-black-owned-bakery-black-history-month/


Florida defies CDC in measles outbreak, telling parents it’s fine to send unvaccinated kids to school

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Most people who aren’t protected by a vaccine will get measles if they’re exposed to the virus.

https://fortune.com/well/2024/02/23/florida-defies-cdc-in-measles-outbreak/


5 best small business insurance companies in Texas of 2024

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Small business insurance can protect your Lone Star state-based company from damages and losses

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


Why Andreessen Horowitz is betting $100 million on crypto restaking

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Restaking involves repurposing tokens that are deposited, or "staked," on a blockchain.

https://fortune.com/crypto/2024/02/23/andreessen-a16z-crypto-restaking-investment-vc/


A little can go a long way: Here's why support for business in Ukraine has a leveraged impact

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Since the full-scale invasion in 2022, the U.S. International Development Finance Corporation has surged its efforts to support Ukrainian businesses.

https://fortune.com/2024/02/23/us-development-finance-dfc-support-business-ukraine-leveraged-impact/


Longtime crypto skeptic Donald Trump’s latest take on Bitcoin: ‘You probably have to do some regulation’

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The 77-year-old Republican front-runner appears to be warming to the idea of cryptocurrencies proliferating.

https://fortune.com/crypto/2024/02/23/crypto-skeptic-donald-trump-bitcoin-regulation-south-carolina-primary/


Tyler Perry is so shocked by OpenAI's video generator Sora that he's pausing an $800 million studio expansion: ‘A lot of jobs are going to be lost’

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The project is “is currently and indefinitely on hold because of Sora,” the TV and movie mogul told the Hollywood Reporter.

https://fortune.com/2024/02/23/tyler-perry-openai-sora-ai-studio-expansion-halted/


Here's why it's taking so long to get a prescription filled today

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A key Change Healthcare unit is still down.

https://fortune.com/2024/02/23/unitedhealth-hacking-pharmacy-slowdown/


Alabama Supreme Court judge who helped strike down IVF cites 'the wrath of a holy God' in concurring opinion

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Chief Justice Tom Parker also quoted a Bible verse legendary within the anti-abortion movement: “Before I formed you in the womb, I knew you.”

https://fortune.com/2024/02/23/alabama-supreme-court-tom-parker-ivf-bible-scripture/


The crypto token for Sam Altman’s eyeball-scanning startup Worldcoin just hit an all-time high as WLD rides the AI wave

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Worldcoin's WLD token rose over $9 on Friday after a stronger-than-expected earnings report from chip maker Nvidia.

https://fortune.com/crypto/2024/02/23/sam-altman-worldcoin-crypto-ai-nvidia-token/


3M has a ‘future of work manager’ — here’s why her goal is to work herself out of a job

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Flexible, distributed work plans will ideally exist everywhere one day—eliminating the need for the managers who bring them to life.

https://fortune.com/2024/02/23/beth-lokken-3m-future-of-work-manager/


High interest rates and commercial real estate debt have regional banks in a pressure cooker—and an expiring loan program could turn up the heat

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High interest rates have already destroyed some $2 trillion in asset value.

https://fortune.com/2024/02/23/regional-banks-commercial-real-estate-loan-program-expiring/


Looking to invest in AI? Consider companies that have a long-term play

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Can’t afford shares of the top AI companies? These might be worth a look.

https://fortune.com/2024/02/23/smart-strategies-roi-invest-ai-companies/


The Marriott Bonvoy Bevy card review: A victim of middle-child syndrome

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The Marriott Bonvoy Bevy card: A victim of middle-child syndrome, the $250 Bevy card can’t match the value of its siblings unless you stay at a Marriott at least three times a month.

https://fortune.com/recommends/credit-cards/marriott-bonvoy-bevy-card-review/


'This has hit a nerve': Democrats salivate as Republicans scramble to address Alabama ruling that jeopardizes IVF access

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Mini Timmaraju, head of Reproductive Freedom for All, said “it’s because folks didn’t believe this could happen but it’s happening.”

https://fortune.com/2024/02/23/alabama-ivf-ruling-roe-v-wade-dobbs/


'What's the rush?' The Fed's last meeting had a lot of talk dousing Wall Street's hopes for rate cuts

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“We need to verify that the progress on inflation we saw in the last half of 2023 will continue and this means there is no rush,” Christopher Waller said.

https://fortune.com/2024/02/23/when-will-the-fed-cut-interest-rates-whats-the-rush-minutes-meeting/


LVMH sets its eyes on Hollywood through a new venture led by Bernard Arnault's eldest son to produce and place its brands in movies and TV

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Bernard Arnault-owned LVMH hopes to work on developing, producing and financing Hollywood projects through its latest foray.

https://fortune.com/europe/2024/02/23/lvmh-hollywood-22-montaigne-entertainment-venture-bernard-antoine-arnault-movies-tv-shows/


BP manager's husband pleads guilty to insider trading after WFH eavesdropping

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Tyler Loudon is facing up to five years in jail and a $250,000 fine after secretly buying up shares in truck stop service TravelCentres of America

https://fortune.com/europe/2024/02/23/tyler-loudon-bp-travelcentres-of-america-trial-work-from-home-insider-trading/


The top jobs that pay $200,000 plus require two things: Advanced degrees and in-person working, research shows

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Companies are increasingly dropping degree requirements and letting workers dial in remotely—but these sort of jobs won’t land you the big bucks.

https://fortune.com/2024/02/23/top-jobs-pay-200000-plus-require-two-things-advanced-degrees-person-working-ladders-research-shows/


Aston Martin’s most expensive Valkyrie supercar will set you back at least $3m

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The high charges could help boost revenue for loss-making Aston Martin which is in talks with its bankers to address a looming debt pile of roughly $1.4 billion.

https://fortune.com/europe/2024/02/23/aston-martin-most-expensive-valkyrie-supercar-3-million-plus-450000-upkeep/


First large-scale offshore wind farm in U.S., off Massachusetts coast, has started delivering electricity

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Vineyard Wind is located 15 miles off Martha’s Vineyard and is projected to generate electricity for over 400,000 homes and businesses when fully operational.

https://fortune.com/2024/02/23/vineyard-wind-first-large-scale-offshore-farm-us-off-massachusetts-coast-started-delivering-electricity/


VW is recalling 261,000 cars to fix a pump problem that can let fuel leak and increase fire risk

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The recall covers certain Audi A3s and VW Golfs and GTIs from the 2015 through 2020 model years. Also included are 2015 through 2019 Golf Sportwagens, and 2019 and 2020 VW Jettas.

https://fortune.com/2024/02/23/vw-recalling-261000-cars-fix-pump-problem-fuel-leak-increase-fire-risk/


Reddit has struck a $60m deal with Google that lets the search giant train AI models on its posts

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The arrangement, announced Thursday, will also give Reddit access to Google AI models for improving its internal site search and other features.

https://fortune.com/2024/02/23/reddit-60m-deal-google-search-giant-train-ai-models-on-posts/


Michael Dell founded his $62 billion company—once the world’s largest PC maker—as a 19-year-old in his college dorm. Here's his secret to actually making it big

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From selling newspapers to selling computers, Michael Dell has always been about taking risks.

https://fortune.com/2024/02/23/michael-dell-success-secrets-founder-billionaire-college-dropout/


AT&T says hourslong outage to its U.S. cellphone network was caused by bad coding—not a cyberattack

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AT&T blamed the incident on an error in coding, without elaborating.

https://fortune.com/2024/02/23/atampt-hourslong-outage-us-cellphone-network-not-caused-cyberattack/


Private moon lander company makes first U.S. lunar landing in more than 50 years

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Despite spotty communication, Intuitive Machines, the company that built and managed the craft, confirmed that it had landed upright.

https://fortune.com/2024/02/23/private-moon-lander-company-intuitive-machines-makes-first-us-lunar-landing-50-years/


Lenovo, the world’s largest maker of personal computers, is going all-in on AI. Investors aren't wowed

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Lenovo shares sunk by as much as 8.5% in Friday morning trading, despite expectations beating revenue and announcements of a new "AI PC."

https://fortune.com/asia/2024/02/23/lenovo-world-largest-pc-maker-volume-shares-fall-ai-earnings/


'Markets are brutal': China's hedge funds flail in pre-Lunar New Year 'quant quake' as authorities promise more regulation

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Quants had "one sleepless night after another", according to one fund, as they dealt with market swings and government intervention.

https://fortune.com/asia/2024/02/22/markets-are-brutal-china-hedge-fund-quant-quake-lunar-new-year-market-swings/


Bill Ackman divulged details about the time a fellow activist tried to force him to liquidate—only to be saved by a 'handshake' deal with Jamie Dimon's bank

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Activist Paul Singer's Elliott Investment Management tried to force Bill Ackman's listed company to liquidate.

https://fortune.com/2024/02/22/bill-ackman-details-mercy-activist-dimon-bank/


Elon Musk says Rivian needs to 'cut costs massively' and its execs should 'live in the factory' or the Tesla rival will die

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“They need to cut costs massively and the exec team needs to live in the factory or they will die,” said the billionaire Tesla CEO.

https://fortune.com/2024/02/22/elon-musk-tesla-evs-rival-rivian-will-die-without-massive-cost-cuts/


Kraken moves to dismiss SEC lawsuit, which the crypto firm says is retaliation from ‘a politically compromised agency’

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The U.S.-based company was sued by the SEC twice in 2023, although it settled the first enforcement action.

https://fortune.com/crypto/2024/02/22/kraken-motion-dismiss-gensler-coinbase-binance-howey/


Reddit’s ‘unusual’ move to reward loyal users in its IPO could prove lucrative for Redditors

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"It’s a nice little additive they can do."

https://fortune.com/2024/02/22/reddit-unusual-ipo-redditors-loyal-users/


Wendy Williams maintains ‘trademark sense of humor’ amid frontotemporal dementia, primary progressive aphasia diagnoses

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Williams, 59, was diagnosed with the most common form of dementia among adults 45-64.

https://fortune.com/well/2024/02/22/wendy-williams-frontotemporal-dementia-primary-progressive-aphasia/


Yale admissions dean says 'standardized tests are imperfect and incomplete alone,' but he's still bringing back SAT and ACT requirements

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Jeremiah Quinlan says test scores can be useful “when used together with other elements in an application, especially a high school transcript.”

https://fortune.com/2024/02/22/yale-sat-act-admissions-requirements/


Want to be a personal trainer? Here’s why you should get certified

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Certification as a personal trainer boosts your credibility and earning potential.

https://fortune.com/education/articles/how-to-become-a-certified-personal-trainer/


Nvidia shatters stock market record by adding $230 billion in value in one day. Here’s why it's dominating the AI chip race

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CEO Jensen Huang says early bets on AI made Nvidia “the only company that got it,” and competitors are racing to catch up.

https://fortune.com/2024/02/22/what-does-nvidia-do-chips-ai-jensen-huang/


Jensen Huang, Elon Musk and OpenAI: The story behind the hand delivery of the first AI supercomputer 'to unlock the powers of superhuman capabilities'

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Before Elon Musk left OpenAI over differences with Sam Altman he arranged for Nvidia CEO Jensen Huang to gift the upstart nonprofit the first AI supercomputer.

https://fortune.com/2024/02/22/jensen-huang-elon-musk-openai-first-ai-supercomputer-sam-altman/


Who is Jensen Huang, Nvidia CEO and one of the world’s richest men?

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The founder of the trillion-dollar chip manufacturer worked as a busboy at Denny’s, graduated high school at 16, and got the Nvidia logo tattooed on his bicep when the stock price hit $100.

https://fortune.com/2024/02/22/who-is-jensen-huang-nvidia-net-worth-biography-success/


Silent brain changes precede Alzheimer’s. Researchers have new clues about which come first

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New research, published in the New England Journal of Medicine, offers a timeline for brain abnormalities

https://fortune.com/well/2024/02/22/silent-brain-changes-precede-alzheimers/


Ukraine owes it to itself and to the West to stem corruption

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94% of respondents to a nationwide USAID poll in Ukraine said they consider corruption to be common to some degree or another.

https://fortune.com/europe/2024/02/22/ukraine-west-corruption-politics-war/


Amazon denies report it could shutter its Freevee service

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“There are no changes to Freevee," Amazon said, speaking in the present tense.

https://fortune.com/2024/02/22/report-amazon-eliminate-freevee-fast-tv/


AI billionaire crowns 'whole new industry' amid 'tipping point' after his company passes Google for third most valuable in the world

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Nvidia founder Jensen Huang, worth over $60 billion after his $1.9 trillion AI giant reported blowout earnings, says it's "a whole new way of doing computing."

https://fortune.com/2024/02/22/billionaire-jensen-huang-nvidia-ai-tipping-point-whole-new-industry/


Toyota recall warns 280,00 vehicles could 'creep forward' in neutral

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Recall impacts SUVs and pickups.

https://fortune.com/2024/02/22/toyota-recall-280000-vehicles-creep-forward-neutral/


Cyber attacks are the No. 1 worry for business leaders—and AI may be able to help

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CrowdStrike’s new AI-powered technology is more effective at identifying cyber attacks than the human-centered methods it has used in the past, CTO Elia Zaitsev said.

https://fortune.com/2024/02/22/crowdstrike-ai-cybersecurity-hackers-defenses/


Capital One Venture X Business Card review: A premium travel card with a reasonable annual fee

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Capital One Venture X Business card: High on perks, low on fees

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


Tens of thousands lose cellular coverage from AT&T, Verizon, T-Mobile and more

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“Some of our customers are experiencing wireless service interruptions this morning,” AT&T said in a statement.

https://fortune.com/2024/02/22/cellular-service-outage-att-verizon-tmobile-cricket-downdetector/


Alabama's largest hospital forced to pause IVF treatments for aspiring parents after court ruling on legal status of embryos

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“We are saddened that this will impact our patients’ attempt to have a baby through IVF," The University of Alabama at Birmingham health system said.

https://fortune.com/well/2024/02/22/alabama-birmingham-ivf-court-ruling-embryos-legal-status/


Sam Altman, Intel CEO Pat Gelsinger blown away by AI boom: 'It’s just magic the way these tiny chips are enabling the modern economic cycle'

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“There's sort of a space race going on," Gelsinger said. “The overall demand (for AI chips) appears to be insatiable for several years into the future.”

https://fortune.com/2024/02/22/sam-altman-intel-ceo-pat-gelsinger-nvidia-ai-chips-space-race/


Mercedes CEO warns that EVs are ‘many years away’ from costing the same as traditional cars amid cooling demand for vehicles with a plug

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Mercedes and its peers have grown more cautious about battery technology as sales of EVs this year are set to grow at the slowest rate since 2019.

https://fortune.com/europe/2024/02/22/mercedes-ceo-warns-cost-parity-evs-traditional-ice-cars-many-years-away-slower-demand/


Nestle made big gains when high inflation gave it a reason to charge consumers more. But as prices level, the Nespresso maker says growth is set to cool

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Nestle shares fell as much as 5.3% to the lowest level in almost four years, while Danone rose as much as 3.4%.

https://fortune.com/europe/2024/02/22/nestle-records-revenue-slowdown-as-inflation-eases/


United Airlines says it will restart suspended flights to Israel in March now that it’s conducted a ‘detailed safety analysis’

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American Airlines and Delta Air Lines also stopped flying to Tel Aviv after the war started and have not announced when service might resume.

https://fortune.com/2024/02/22/united-airlines-restart-suspended-flights-israel-march-detailed-safety-analysis/


Four-day weekends from home are over, new data shows

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Want to get an idea of how many people are back in the office? Look no further than water coolers—the neglected relics of the pandemic.

https://fortune.com/2024/02/22/four-day-weekends-from-home-over-fridays-increasingly-just-another-office-day-data/


The anti-ESG backlash is not just an American phenomenon as Europe waters down its sustainability agenda

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The EU is facing the double challenge of ongoing farmer protests and pressure to compete with Biden's IRA.

https://fortune.com/europe/2024/02/22/anti-esg-backlash-america-europe-waters-down-sustainability-agenda-environment-politics/


Nvidia’s earnings have been growing even faster than the stock

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With the numbers now in, bulls are swiftly calculating the stock’s new price-to-earnings ratio, or how much investors are paying for future growth.

https://fortune.com/2024/02/22/nvidia-earnings-growing-faster-than-stock/


Elon Musk has only visited the White House once during Biden’s term—and he didn’t meet the President

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The billionaire didn’t meet with Biden, which whom he has had a tense relationship, but instead sat down with senior administration aides working on technology policy.

https://fortune.com/2024/02/22/elon-musk-only-visited-white-house-once-during-biden-term-didnt-meet-president/


Beijing revives its panda diplomacy with the U.S., promising 2 bears to the San Diego Zoo as early as the end of summer

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Chinese President Xi Jinping signaled a willingness to send pandas back to the U.S. last November, after China recalled almost all its bears last year.

https://fortune.com/asia/2024/02/22/beijing-revives-panda-diplomacy-sending-bears-san-diego-zoo/


Korean doctors are some of the best-paid in the world. Now many are refusing to work to protest plans to make it easier to attend medical school

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South Korea's government wants to alleviate a doctor shortage that's among the worst in the developed world.

https://fortune.com/asia/2024/02/22/korean-doctors-refuse-to-work-protest-expanded-access-medical-school-highest-paid/


Federal judge affirms decision that MyPillow’s Mike Lindell must pay $5m to software engineer who disproved his 2020 election tampering claims

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Lindell launched his “Prove Mike Wrong Challenge,” as part of a “Cyber Symposium” he hosted in Sioux Falls, South Dakota, in August 2021.

https://fortune.com/2024/02/22/federal-judge-affirms-decision-mypillow-mike-lindell-must-pay-5m-software-engineer-disproved-2020-election-tampering-claims/


A treasure trove of allegedly leaked documents on GitHub could show the scale of Chinese hacking—including an attack on NATO's secretary general

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Hundreds of internal files attributed to a Chinese cybersecurity vendor were posted on GitHub.

https://fortune.com/asia/2024/02/22/leaked-documents-github-china-hacking-nato-secretary-general-jens-stoltenberg-microsoft-google/


The Biden administration highlights a new alleged national security threat: Cheap cranes from China

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The U.S. will funnel money towards domestic manufacturing of ship-to-shore cranes to replace the over 200 that come from China.

https://fortune.com/asia/2024/02/22/biden-administration-highlights-new-national-security-threat-cheap-cranes-from-china/


Nvidia's China sales are down to a 'mid-single digit percentage,' as U.S. controls restrict exports of the $1.7 trillion chipmaker's leading AI chips

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Nvidia previously said that China contributed as much as 25% of its data center revenue.

https://fortune.com/asia/2024/02/22/nvidia-earnings-shares-china-drops-mid-single-digit-data-center-revenue-biden-chip-controls/


$1.7 trillion chip giant Nvidia just gained over $100 billion in value after a blowout quarter, but this mega-bearish analyst says the tech industry is in an AI bubble

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The market is overvaluing tech stocks because it thinks the network effect will apply to AI. It won’t.

https://fortune.com/2024/02/21/1-7-trillion-chip-giant-nvidia-earnings-report-ai-bubble-market-crash-dotcom-bust/


'Space junk' unicorn backed by Japanese billionaire wants to clear the skies for Elon Musk and Jeff Bezos

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Tokyo-based Astroscale was founded by Nobu Okada in 2013 with $200,000, half his total savings. “The space industry has been just a throw-away culture."

https://fortune.com/2024/02/21/space-junk-unicorn-astroscale-elon-musk-jeff-bezos-billionaires/


$24.6 billion mega deal rocked by Colorado AG’s claim supermarkets colluded not to hire each other's workers

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The proposed merger would create a grocery behemoth that would compete with Walmart in the U.S.

https://fortune.com/2024/02/21/kroger-albertsons-merger-collusion-no-poach-colorado-attorney-general-lawsuit/


Nvidia just crushed earnings again. Top analyst says it’s another ‘drop the mic’ moment that confirms the AI revolution

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Nvidia CEO and founder Jensen Huang just argued AI is at a "tipping point" after beating Wall Street's lofty revenue and earnings per share estimates.

https://fortune.com/2024/02/21/nvidia-earnings-top-analyst-forecasts-ai-revoultion-confirmed/


Say goodbye to the peak of home price appreciation, Fortune 500 chief economist says—it's behind us

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Home prices rose for 10 months straight, but Mark Fleming, chief economist at First American, sees a change.

https://fortune.com/2024/02/21/when-will-home-prices-stop-rising-forecast-economist-peak/


Biden's Education Department just canceled another $1.2 billion in student debt

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Over 150,000 borrowers will receive student loan forgiveness under a program unveiled in January, the Saving on a Valuable Education (SAVE) plan.

https://fortune.com/2024/02/21/biden-education-department-cancels-1-2-billion-student-debt-loans/


Boeing just sacked the head of its 737 Max program, an 18-year company veteran

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Ed Clark’s exit is part of a broader shakeup announced by commercial chief Stan Deal in an internal memo.

https://fortune.com/2024/02/21/boeing-737-max-ed-clark-resigns-leadership-management-change/