Bayesian yacht sinking live: 5 bodies found as tech magnate Mike Lynch and Morgan Stanley International chair both identified

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166995187-e1724250544194.jpg?w=2048

The British-flagged Bayesian, which had 22 people aboard including 10 crew, was anchored some 700 metres from port before dawn on Monday when it was struck by a waterspout.

https://fortune.com/europe/article/sicily-yacht-bayesian-sinking-live-update-italian-divers-launch-search-for-six-including-missing-u-k-tech-magnate-mike-lynch/


This $1,700 cult bassinet just added a $20 monthly subscription—and parents are fuming

https://fortune.com/img-assets/wp-content/uploads/2024/08/Happiest_Baby_Inc_Bassinet.jpg?w=2048

Happiest Baby introduced a new subscription model for its polarizing smart bassinet.

https://fortune.com/2024/08/22/snoo-sleeper-bassinet-added-monthly-subscription-parents-mad/


Russian users get locked out of Telegram and WhatsApp as Moscow intensifies internet censorship

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1975339885-e1724315412777.jpg?w=2048

The regulator blamed the outage on a distributed denial-of-service (DDoS) cyberattack targeting Russia's telecom operators.

https://fortune.com/europe/2024/08/22/russian-users-get-locked-out-of-telegram-whatsapp-as-moscow-intensifies-internet-censorship-youtube/


White men disproportionately feature as answers to crossword clues—but this 32-year-old woman is on a mission to change all that with her own ‘Black Crossword’

https://fortune.com/img-assets/wp-content/uploads/2024/08/AP24233766410116-e1724252182659.jpg?w=2048

“I had never made a crossword puzzle before,” Pache, 32, said with a laugh. “But I was like, I can figure it out.”

https://fortune.com/2024/08/21/juliana-pache-black-crossword-interview/


Bayesian yacht sinking live: 5 bodies found in search for tech magnate Mike Lynch and Morgan Stanley International chair

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166995187-e1724250544194.jpg?w=2048

The British-flagged Bayesian, which had 22 people aboard including 10 crew, was anchored some 700 metres from port before dawn on Monday when it was struck by a waterspout.

https://fortune.com/europe/article/sicily-yacht-bayesian-sinking-live-update-italian-divers-launch-search-for-six-including-missing-u-k-tech-magnate-mike-lynch/


PwC, a ‘Big 4’ auditing firm, is reportedly bracing for a 6-month ban in China

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2159865767-e1724308566999.jpg?w=2048

The ban stems from PwC's work with Evergrande, the bankrupt real estate developer whose default helped trigger China's real estate crisis.

https://fortune.com/asia/2024/08/22/pwc-faces-six-month-ban-china-auditing-evergrande/


The yen is finally strengthening. That could be bad for corporate Japan’s record profits

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Analysts estimate that each 1 yen appreciation in the Japanese currency against the dollar reduces profits by 0.4-0.6%.

https://fortune.com/asia/2024/08/22/yen-appreciation-hurt-corporate-japan-record-profits-china-earnings-topix-shares/


How CEO Christian Klein spearheaded SAP’s seismic shift to a cloud company

https://fortune.com/img-assets/wp-content/uploads/2024/08/Christian-Klein-SAP-CEO-Agenda.jpg?w=2048

SAP’s share price has doubled since Klein became CEO five years ago. Today he shares his views on reinventing business, the cloud and AI, and reveals the last costume he wore.

https://fortune.com/europe/2024/08/22/christian-klein-spearheaded-sap-shift-to-a-cloud-company-business-ai-germany-big-tech/


The No. 1 thing jeopardizing your relationship, according to the ‘Couples Therapy’ therapist

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1465648174-e1724266874446.jpg?w=2048

Dr. Orna Guralnik wants more couples to ask this question.

https://fortune.com/well/2024/08/21/jeoprodizing-relationship-therapist-couples-therapy/


Star fund manager takes leave amid accusations of cherry picking

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-543496286-e1724283356158.jpg?w=2048

The SEC and Department of Justice are probing the bond fund manager's past trades.

https://fortune.com/2024/08/21/star-fund-manager-takes-leave-amid-accusations-of-cherry-picking/


A Tesla veteran just resigned, writing it was ‘definitely not for the faint of heart’

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2162679051_bff6fd-e1724282229529.jpg?w=2048

Sreela Venkataratnam’s departure from the EV maker leaves one woman in a VP role at the company, she noted.

https://fortune.com/2024/08/21/tesla-elon-musk-veteran-resigned/


A 32-year-old woman analyzed decades’ worth of crossword puzzles to discover white men were disproportionately featured, so she created her own ‘Black Crossword’

https://fortune.com/img-assets/wp-content/uploads/2024/08/AP24233766410116-e1724252182659.jpg?w=2048

“I had never made a crossword puzzle before,” Pache, 32, said with a laugh. “But I was like, I can figure it out.”

https://fortune.com/2024/08/21/juliana-pache-black-crossword-interview/


Recruiters, beware: Narcissistic applicants are drawn to this kind of ‘seductive’ language in job postings

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-903281916-e1724262584110.jpg?w=2048

‘Rule-bender’ wording entices narcissists who are more likely to engage in fraudulent or unethical behavior—particularly where accounting positions are concerned.

https://fortune.com/well/article/narcissism-narcissistic-personality-disorder-recruiting-hiring-job-posting-language/


Too anxious to fall asleep? Try these 4 tips

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Whether you can’t sleep because you’re anxious, or you’re anxious because you can't fall asleep, here’s how to handle it.

https://fortune.com/well/article/sleep-anxiety-try-these-4-tips/


The U.S. dollar is weakening because some investors think Kamala Harris will win

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The dollar should be relatively strong, yet it’s close to its 2024 low.

https://fortune.com/2024/08/21/kamala-harris-us-dollar/


Countries like Malaysia and Thailand are flocking to join BRICS as a potential ‘counterweight against U.S. economic hegemony’

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166822290-1-e1724226055190.jpg?w=2048

Analysts say countries like Malaysia and Thailand may want to hedge in a more polarized world and get better access to China and India.

https://fortune.com/asia/2024/08/21/why-do-malaysia-thailand-want-to-join-brics-hedge-china-russia-us/


Interest rate cuts are now all but guaranteed after dovish Fed meeting, experts say

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2164067885-e1724252679484.jpg?w=2048

"The Fed minutes removed all doubt about a September rate cut,” Jamie Cox, managing partner at Harris Financial Group, said.

https://fortune.com/2024/08/21/interest-rate-cuts-all-but-guaranteed-fed-meeting-experts/


The No.1 thing jeopardizing your relationship, according to the ‘Couples Therapy’ therapist

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1465648174-e1724266874446.jpg?w=2048

Dr. Orna Guralnik wants more couples to ask this question.

https://fortune.com/well/2024/08/21/jeoprodizing-relationship-therapist-couples-therapy/


Starbucks is so desperate for sales it’s pulling out the big guns—the pumpkin spice latte—earlier than ever before

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1680666134-e1724268803944.jpg?w=2048

The fall product lineup is taking on extra weight after the coffee chain jettisoned its CEO in a surprise shake-up.

https://fortune.com/2024/08/21/pumpkin-spice-latte-starbucks-sales/


Homeowners are delaying DIY renovations and it’s hammering the home improvement industry

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2043523600-e1724266814770.jpg?w=2048

Lowe’s and Home Depot both lowered sales growth predictions as fewer shoppers commit to renovation projects.

https://fortune.com/2024/08/21/lowes-home-depot-earnings-diy-renovation-homeowner-mortgage-rate/


That huge negative revision to job growth  frightened some investors but most experts aren’t worried

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Yardeni Research’s Eric Wallerstein said the revision is “kind of a nothing burger.”

https://fortune.com/2024/08/21/job-growth-negative-revision-bls-investor-reaction/


Investors pulled nearly $0.5 trillion in 2020’s market turbulence—then missed the rally

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2167560496-e1724254001770.jpg?w=2048

"If you buy high and sell low, your return will lag the buy-and-hold return."

https://fortune.com/2024/08/21/investors-pulled-nearly-0-5-trillion-in-2020s-market-turbulence-then-missed-the-rally/


Melissa Gilbert of ‘Little House on the Prairie’ fame has misophonia. What does that mean?

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Yes, there's a reason you feel agitated when you hear someone chew, slurp, or tap.

https://fortune.com/well/article/melissa-gilbert-little-house-prairie-misophonia/


Elon Musk once lent this couple $6.7 million to buy a home from him. Now he’s foreclosing

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-697201131-e1724250060572.jpg?w=2048

The onetime home of Gene Wilder changed hands for $7 million.

https://fortune.com/2024/08/21/elon-musk-gene-wilder-home-foreclosure/


Chicago Fed president Austan Goolsbee loves his job—especially when the FOMC doesn’t agree

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-162837478-e1724243208320.jpg?w=2048

In an exclusive interview with Fortune, Chicago Fed president Austan Goolsbee discusses why the FOMC having differences of opinion is so critical.

https://fortune.com/2024/08/21/austan-goolsbee-chicago-fed-president/


Sicily Bayesian yacht sinking live: Two bodies found in wreck search for missing U.K. tech magnate Mike Lynch and Morgan Stanley International chair

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166995187-e1724250544194.jpg?w=2048

The British-flagged Bayesian, which had 22 people aboard including 10 crew, was anchored some 700 metres from port before dawn on Monday when it was struck by a waterspout.

https://fortune.com/europe/article/sicily-yacht-bayesian-sinking-live-update-italian-divers-launch-search-for-six-including-missing-u-k-tech-magnate-mike-lynch/


Donald Trump vs. Kamala Harris: Two vastly different approaches to America’s housing crisis

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Can either presidential candidate fix our country’s housing crisis?

https://fortune.com/2024/08/21/donald-trump-kamala-harris-housing-policy-comparison/


Signify Business Cash℠ Card by Wells Fargo: Simple rewards, lackluster perks

https://fortune.com/img-assets/wp-content/uploads/2024/08/Recommends_Wells-Fargo-Signify-Business-Cash-Card.jpg?w=2048

The Wells Fargo Signify Business cash card has a straightforward and healthy rewards rate, but offers fewer perks than its competitors.

https://fortune.com/recommends/credit-cards/wells-fargo-signify-review/


I’m the first and only chief growth officer for a U.S. state. Here’s what I’ve learned

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Gen Z, boomers, and population migration are wrapped up in the fight against the climate crisis.

https://fortune.com/2024/08/21/im-the-first-and-only-chief-growth-officer-for-a-u-s-state-heres-what-ive-learned/


Andreessen Horowitz leads $80 million bet on startup seeking to tame AI with copyright

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The creators of the Story blockchain say the service offers a better intellectual property regime for the digital era.

https://fortune.com/crypto/2024/08/21/story-pip-labs-ai-copyright-blockchain-funding-andreessen-horowitz/


Public confidence in U.S. institutions has never been lower. It’s time to make America trust again

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In 1972, a survey found that news anchor Walter Cronkite was the “most trusted man in America.” Today, such trusted voices are rare.

https://fortune.com/2024/08/21/public-confidence-us-institutions-never-been-lower-make-america-trust-again-politics-leadership/


Workers won’t accept less than $81,000 for a new role right now—despite fearing they’ll be jobless soon

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Despite fears they may be jobless soon, today’s job seekers' average reservation wage is $81,147—up by almost $20,000 since March 2020.

https://fortune.com/2024/08/21/worker-reservation-wage-job-new-york-fed-survey/


Famed economist Ed Yardeni predicts it’ll be ‘one and done’ for Fed rate cuts despite Wall Street expectations

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Yardeni is unconvinced the data is cool enough to push Chair Powell and his colleagues to multiple cuts: "It'll be dovish but not as dovish as the market is discounting."

https://fortune.com/2024/08/21/fed-cuts-ed-yardeni/


France to donate 100,000 mpox vaccines as nation prepares for outbreak at home

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Last week the health agency of the African Union said 200,000 vaccines would be deployed across Africa, due to agreements with the EU and Danish drug company Bavarian Nordic.

https://fortune.com/europe/2024/08/21/france-to-donate-100000-mpox-vaccines-as-nation-prepares-for-outbreak-at-home-who-africa/


Atlassian’s billionaire cofounder wants to send renewable power from Australia to Singapore via a 2,600 mile-long undersea cable

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2147914666-e1724220143993.jpg?w=2048

On Wednesday, Australia approved an ambitious project from Mike Cannon-Brookes's SunCable to connect Singapore with a massive Australian solar farm.

https://fortune.com/asia/2024/08/21/australia-approves-suncable-solar-power-from-australia-to-singapore-atlassian-cofounder/


Canada braces for $730 million-a-day freight freeze as union talks stall: ‘The clock is ticking’

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The impact will be widespread because so many companies rely on Canadian National and CPKC railroads to deliver their raw materials and finished products.

https://fortune.com/2024/08/21/canada-freight-railroads-shutdown-union-talks/


Seismologists across Europe recorded Swifties making the ground shake. Taylor Swift concludes her Eras tour: Here are 5 things you should know

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Two concerts in Madrid are estimated to have injected 25 million euros ($27.6 million) into the Spanish capital's economy.

https://fortune.com/europe/2024/08/21/taylor-swift-concludes-her-eras-tour-here-are-five-things-you-should-know-swifties/


Romanian authorities raid Andrew Tate’s home as new allegations emerge

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Prosecutors allege that 37-year-old Tate, his 36-year-old brother and two women set up a criminal organization and sexually exploited several victims.

https://fortune.com/europe/2024/08/21/romanian-authorities-raid-andrew-tristan-tate-home-as-new-allegations-emerge/


Walmart dumps its stake in China e-commerce giant JD.com at an 11% discount from Tuesday’s closing share price

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“I expect Walmart will be disappointed with the horse they backed,” said Mark Tanner, managing director at marketing agency China Skinny.

https://fortune.com/asia/2024/08/21/walmart-sells-stake-jd-china-ecommerce-discount-consumption/


A Goldman Sachs and BlackRock vet is now CEO of crypto giant Grayscale. Is he up to the job?

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After winning a legal battle against the SEC for Bitcoin ETFs, the asset manager Grayscale is facing an exodus of investor capital.

https://fortune.com/crypto/2024/08/21/grayscale-bitcoin-peter-mintzberg-etfs-goldman-sachs-blackrock/


The EU wants no corner of the digital sphere left untouched, warning X and AI could be next

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2156429665-e1724159315536.jpg?w=2048

Brussels is moving at 'full speed' to enforce the toughest tech regulations. The EU scored its first major victory after forcing TikTok to permanently remove an "addictive" feature from a spinoff app.

https://fortune.com/europe/2024/08/21/the-eu-wants-no-corner-of-the-digital-sphere-left-untouched-apple-tiktok-dma-dsa-x/


Federal judge derails FTC’s sweeping ban on non-compete agreements

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As a result of the court's decision, the FTC won't be able to enforce its rule, which was set to go into effect on September 4.

https://fortune.com/2024/08/20/federal-judge-derails-ftc-sweeping-ban-on-non-compete-agreements/


 4 ways women can make the most of their ‘longevity bonus’

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Women are living longer, and this entrepreneur is in the business of helping them extend their health span.

https://fortune.com/well/article/women-longevity-bonus/


How to watch Night Two of the Democratic National Convention for free—and without cable

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The Obamas take the stage.

https://fortune.com/2024/08/20/watch-stream-2024-democratic-national-convention-night-two-obama-kamala-harris-tim-walz-live-online-free-without-cable-what-channel-fox-cbs-abc-nbc-cnn-msnbc/


NYC shocks the market with housing lottery for apartments under $175k—near Central Park

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1949225438-e1724186809329.jpg?w=2048

“This is almost what I bought my house for in 1991," said a nearby resident.

https://fortune.com/2024/08/20/nyc-shocks-market-with-housing-lottery-for-apartments-under-200knear-central-park/


Inside Elon Musk’s 23 active lawsuits

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

Two dozen lawsuits show the retaliatory attitude of a CEO who isn’t dissuaded by defeats, experts say.

https://fortune.com/2024/08/20/elon-musk-active-lawsuits-x-spacex-tesla-full-list-free-speech-experts/


‘Call Her Daddy’ podcast host inks $100 million deal with Sirius XM

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1500095091-e1724183251119.jpg?w=2048

Exclusive content is key for Sirius given that its contract with Howard Stern expires in 2025, analysts said.

https://fortune.com/2024/08/20/call-her-daddy-podcast-host-sirius-deal-howard-stern-100million/


We’re Gen Z college dropouts who raised $41.4M for our blockchain startup. Here’s how we did it

https://fortune.com/img-assets/wp-content/uploads/2024/08/RC-Movement_2024-08-19_22-02-47.jpg?w=2048

The founders of Movement Labs say not being weighed down by legacy thinking or outdated practices worked in their favor.

https://fortune.com/2024/08/20/gen-z-tech-entrepreneurs-movement-labs-blockchain-startup-web3-meta-move-programming-language/


Survivor of ‘British Bill Gates’ superyacht disaster recounts struggle to save her baby—‘All I could hear around me was the screams of others’

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166847440-e1724175967716.jpg?w=2048

A mother explains how she saved herself and her one-year-old daughter amid a violent storm at sea

https://fortune.com/2024/08/20/survivor-mom-baby-mike-lynch-charlotte-italy-yacht/


Who is Jonathan Bloomer, Morgan Stanley’s chairman who is presumed dead in the Bayesian yacht disaster?

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166824883-e1724175879905.jpg?w=2048

Prior to joining Morgan Stanley, Bloomer was the ousted CEO of Prudential Financial insurance group.

https://fortune.com/2024/08/20/jonathan-bloomer-morgan-stanley-chairman-presumed-dead-bayesian-yacht-prudential-mike-lynch/


Elon Musk’s Twitter deal may be the worst leveraged buyout deal for banks since Lehman, raising risks to Tesla

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1963529037-4-e1724172148108.jpg?w=2048

Banks had hoped to package and sell Musk's LBO debt onto investors. Instead, it's sat on their balance sheet, tying up capital, for almost two years.

https://fortune.com/2024/08/20/elon-musk-tesla-twitter-leveraged-buyout-debt-banks-barclays/


Our Gen Z employees thrive because we tailored our culture to suit them

https://fortune.com/img-assets/wp-content/uploads/2024/08/Aytekin-Tank-on-Gen-Z-employees.jpg?w=2048

Gen Z workers dislike rigid hierarchies and need a strong sense of agency. Employers would do well to listen to them.

https://fortune.com/2024/08/20/gen-z-employees-thrive-company-culture-tailored-to-suit-them/


MLB legend Derek Jeter’s business advice: You can’t be an expert at everything

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2167035726-e1724170110974.jpg?w=2048

But even if you’re an All Star, you should certainly rely on your team.

https://fortune.com/2024/08/20/derek-jeter-yankees-business-advice/


Disney recalibrates legal strategy for allergy-death lawsuit, promises ‘sensitive approach’ after public uproar

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166139378-e1724169838816.jpg?w=2048

Disney previously said Jeffrey Piccolo waived his right to any lawsuits when he signed up for a one-month trial subscription to Disney+ in 2019.

https://fortune.com/2024/08/20/disney-allergy-death-lawsuit-jeffrey-piccolo-promises-sensitive-approach-after-public-uproar/


‘I gave my best to you’: Biden receives 4-minute ovation during emotional DNC address

https://fortune.com/img-assets/wp-content/uploads/2024/08/AP24233126368245-e1724168580515.jpg?w=2048

Biden, 81, received a hero’s welcome weeks after many in his party were pressuring him to drop his bid for reelection.

https://fortune.com/2024/08/20/biden-dnc-address-full-video-speech/


United Auto Workers boss threatens Stellantis strike, says car giant reneged on its promise to restart an assembly plant outside of Chicago

https://fortune.com/img-assets/wp-content/uploads/2024/08/AP24233062084381-e1724167699429.jpg?w=2048

“The UAW will take whatever action necessary at Stellantis or any other corporation to stand up and hold corporate America accountable,” Shawn Fain said at the DNC Tuesday.

https://fortune.com/2024/08/20/united-auto-workers-uaw-shawn-fain-threatens-stellantis-strike-assembly-plant-belvidere-illinois/


Finance firms decamping for south Florida have created an elite school vacuum. Vanderbilt now seeks to fill it

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-468971920-e1724166795963.jpg?w=2048

A shortage of elite school options has been a major pain point for younger wealthy families who’ve moved to South Florida to work at firms such as Citadel, Blackstone, and Goldman Sachs.

https://fortune.com/2024/08/20/florida-finance-firm-elite-school-vanderbilt/


Elon Musk says he’ll take a job in the Trump cabinet if offered

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-633679096-e1724163405950.jpg?w=2048

Trump has publicly floated the idea.

https://fortune.com/2024/08/20/elon-musk-trump-cabinet-position/


Meet Mike Lynch, the British billionaire tycoon who’s gone missing after his yacht sunk in Italy

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-162901466-e1724162299607.jpg?w=2048

Lynch struck gold in 2011 when he sold Autonomy, a software maker he founded in 1996, to Hewlett-Packard for $11 billion.

https://fortune.com/2024/08/20/mike-lynch-british-billionaire-tycoon-life-career-missing-yacht-sunk-italy/


BMW is recalling nearly 750,000 cars because they could short circuit and catch fire

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1245243670-e1724161546868.jpg?w=2048

The recall includes some X1, X3 and X5 models.

https://fortune.com/2024/08/20/bmw-recalls-x1-x3-x5-cars-water-pump-electrical-connector-fire/


Truth Social parent plumbs fresh all-time low as Donald Trump seeks X’s bigger audience to reignite campaign momentum

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With the presidential race now neck and neck, Trump cannot afford to limit his reach to Truth Social, a problem for its stock exchange listed parent TMTG.

https://fortune.com/2024/08/20/donald-trump-truth-social-parent-tmtg-stock-record-low/


Inside Elon Musk’s super-aggressive litigation strategy, which one judge called ‘punishing the defendants for their speech’

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Two dozen lawsuits show the retaliatory attitude of a CEO who isn’t dissuaded by defeats, experts say.

https://fortune.com/2024/08/20/elon-musk-litigation-lawsuits-x-spacex-tesla-legal-federal-court/


After a slew of setbacks, Swedish EV champion Northvolt is winding down part of its U.S. operations as it reevaluates its business

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Northvolt is a pioneer in its own right. But delays and limping EV demand, have hurt its business.

https://fortune.com/europe/2024/08/20/swedish-ev-champion-northvolt-tesla-execs-u-s-operations-cuberg-reevaluates-business/


There are only 15 people whose wealth is greater than $100 billion (and they’d be richer if they weren’t giving it away)

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LVMH’s Bernard Arnault remains in the $100 billion club despite a stock decline removing more than $10 billion from his net worth overnight.

https://fortune.com/2024/08/20/list-people-wealth-net-worth-100-billion/


TSMC breaks ground on €10 billion factory in Germany amid growing China-Taiwan tensions

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Germany is fronting €5 billion in subsidies to help construct the Dresden fab with TSMC.

https://fortune.com/europe/2024/08/20/tsmc-breaks-ground-on-10-billion-factory-in-germany-amid-growing-china-taiwan-tensions/


Novo Nordisk’s weight-loss drugs and Bavarian Nordic’s mpox vaccine help fatten up the Danish economy

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The drugmaking industry was responsible for half of the economy’s expansion last year when Denmark was one of the fastest growing in western Europe.

https://fortune.com/europe/2024/08/20/novo-nordisk-weight-loss-drugs-bavarian-nordics-mpox-vaccine-fatten-up-the-danish-economy/


Vermont businesses crippled by July flooding and storms: ‘It’s traumatic, it’s unbelievable the extent that it ripples out’

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So far, 341 businesses in Vermont have reported flood damage to the state this year, according to Economic Development Commissioner Joan Goldstein.

https://fortune.com/2024/08/20/vermont-business-july-floods-storms/


More foreign tourists are making the trip to China, spurred by relaxed visa restrictions

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Around 17.3 million foreign visitors entered China between January and July, a 130% increase year-on-year.

https://fortune.com/asia/2024/08/20/foreign-tourism-to-china-increase-relaxed-visa-rules/


Anthropic accused of seeking to profit from ‘strip-mining the human expression and ingenuity’ behind authors’ work

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The lawsuit alleges Anthropic committed “large-scale theft” in training its popular chatbot Claude on pirated copies of copyrighted books.

https://fortune.com/2024/08/20/anthropic-claude-ai-lawsuit-andrea-bartz-charles-graeber-kirk-wallace-johnson/


Jerome Powell to hint at rate cuts as inflation subsides, but job market challenges emerge

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Jerome Powell will likely provide some hints about how the Fed sees the economy and what its next steps may be in a high-profile speech Friday in Jackson Hole, Wyoming.

https://fortune.com/2024/08/20/jerome-powell-rate-cuts-jackson-hole-speech/


Chinese real estate developer Kaisa reaches a deal to partially repay its debt as it battles liquidation threat

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Many Chinese real estate juggernauts, like Evergrande and Country Garden, are now either on the verge of bankruptcy or in dire financial straits.

https://fortune.com/asia/2024/08/20/kaisa-reaches-deal-creditors-partial-repayment-real-estate-crisis-china/


Who is Mike Lynch? The British ‘Bill Gates’ missing after superyacht sinks off Sicily

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1238040506_d31416-e1724141917794.jpg?w=2048

Lynch founded British software firm Autonomy in 1996 and made £500 million upon selling the company to HP for $11 billion in 2011.

https://fortune.com/europe/2024/08/20/who-is-mike-lynch-the-british-bill-gates-missing-after-superyacht-sinks-off-sicily/


Over a million people flock to play Black Myth: Wukong, China’s most serious attempt to make a blockbuster video game

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Black Myth: Wukong, based on the Chinese legend of the Monkey King, is surpassing records set by titles like Cyberpunk 2077 and Elden Ring.

https://fortune.com/asia/2024/08/20/china-black-myth-wukong-beats-records-elden-ring-cyberpunk-tencent-video-game/


Inside Bavarian Nordic: The $3.3 billion Danish vaccine maker with the world’s only cure for mpox

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Amid a new strain of mpox, the Danish company is preparing to make millions of vaccine doses to supply to the world.

https://fortune.com/europe/2024/08/20/bavarian-nordic-3-3-billion-danish-only-cure-to-mpox-vaccine-maker/


Tech billionaire Ron Conway blindsided by crypto allies: report

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The legendary investor and major Democratic donor reportedly sent a scathing email after learning about a plan to block Sen. Sherrod Brown from winning reelection in Ohio.

https://fortune.com/2024/08/19/billionaire-ron-conway-blindsided-crypto-fairshake-harris-trump-sherrod-brown-ohio/


A potential $86 billion deal for 7-Eleven would fulfill a decades-long dream for a Canadian founder

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Founder and executive chairman Alain Bouchard is one of Canada’s richest, with a fortune of about $8 billion.

https://fortune.com/2024/08/19/7-eleven-deal-billion-canada-founder-billionaire/


Residents torn over $600 million Norfolk Southern derailment settlement as crucial deadline looms

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Researchers studying the health of East Palestine residents and tracking respiratory problems, rashes and other ailments say it may not be clear for years what the long-term implications of the derailment will be.

https://fortune.com/2024/08/19/600million-norfolk-southern-derailment-settlement-east-palestine-train/


Trump defends Fed policy talk, hints at rate-cut push

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High interest rates have intensified focus on decision making at the Fed, as mortgage costs have hobbled would-be homeowners.

https://fortune.com/2024/08/19/trump-fed-president-interest-rate-cut-housing-policy/


A Morgan Stanley executive and a tech entrepreneur’s teen daughter are still missing after a violent tornado hit a superyacht

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The cruise in south Italy was supposed to be a victory celebration after Mike Lynch was acquitted of long-standing fraud charges. Lynch remains among the missing.

https://fortune.com/2024/08/19/yacht-italy-morgan-stanley-mike-lynch-autonomy-hp/


Palantir’s CEO backs Harris and says that cofounder Peter Thiel’s support of Trump made it harder to get things done

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“I do not enjoy being protested every day,” Alex Karp said.

https://fortune.com/2024/08/19/palantir-ceo-peter-thiel-donald-trump-republicans-democrats-alex-karp/


Chicken nuggets and tenders that could contain metal wire are being pulled off the shelves

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-526715756-e1724103295165.jpg?w=2048

Last year, competitor Tyson also found pieces of metal in frozen chicken nuggets.

https://fortune.com/2024/08/19/chicken-nugget-recall-metal-perdue/


Harley Davidson, John Deere, and Tractor Supply axed some DEI efforts after a conservative influencer’s campaign

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2152804567-e1724101643974.jpg?w=2048

The retreats are part of a broader backlash against corporate DEI that has companies re-examining programs.

https://fortune.com/2024/08/19/harley-davidson-john-deere-tractor-supply-robby-starbuck-dei/


Parvovirus B19 is spreading across the U.S. What to know about the disease that causes ‘slapped cheek’ rash in children

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The CDC warned of increasing viral activity on the heels of “unusually high numbers of cases” in Europe earlier this year.

https://fortune.com/well/article/parvovirus-b19-fifth-disease-slapped-cheek-rash-spread-symptoms-treatment/


Shark Tank’s Kevin O’Leary rips Kamala Harris’ economic platform—’they tried that in Venezuela, Cuba, North Korea, the USSR’

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The vice president and Democratic presidential nominee plans to punish grocery stores for price gouging and proposed grants to first-time home buyers.

https://fortune.com/2024/08/19/shark-tank-kevin-oleary-kamala-harris-price-gouging-economic-agenda/


McDonald’s Barbie and Shrek free Happy Meal toys are going for $100 on eBay

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“The Collector Cups are literally flying off the shelves faster than anything we could have anticipated,” a McDonald’s senior marketing director said.

https://fortune.com/2024/08/19/mcdonalds-collectors-meal-cups-reselling-ebay/


Office attire debate reignited after applicant is asked to reschedule interview and change out of shorts

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Climate change, a pandemic-era of work, and generational differences all collide over shorts.

https://fortune.com/2024/08/19/office-attire-debate-mtyreshiadaily-interview-shorts/


Amazon’s delivery drones are too loud for the residents where it’s testing the program

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Amazon's drone delivery program, known as Prime Air, has irked residents of College Station, Texas, where the initiative is being tested.

https://fortune.com/2024/08/19/amazons-delivery-drones-are-too-loud-for-the-residents-where-its-testing-the-program/


Alcohol and drug use linked to over 3 million annual deaths worldwide

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The numbers represented 4.7% of all deaths total worldwide, according to the World Health Organization

https://fortune.com/well/article/alcohol-drug-use-linked-3-million-deaths-worldwide/


An economic catastrophe is lurking beneath Russia’s GDP growth as Putin ‘throws everything into the fireplace’

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An economic catastrophe driven by the fundamental flaws in Russia's current strategy is looming large as Ukrainian forces fight on Russian soil.

https://fortune.com/europe/2024/08/19/an-economic-catastrophe-is-lurking-beneath-russias-gdp-growth-as-putin-throws-everything-into-the-fireplace/


How much caffeine is too much?

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Although caffeine has its benefits, too much can be detrimental to your health. In fact, it can exacerbate existing conditions.

https://fortune.com/well/article/how-much-caffeine-is-too-much-2/


Kamala Harris’s housing plan is similar to a Singaporean strategy—where 90% of residents own their homes

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It won’t solve all, but “making the U.S. just a little bit more like Singapore can only be a good thing, and that’s what Harris is trying to do here,” influential economics expert Noah Smith wrote.

https://fortune.com/2024/08/19/kamala-harris-housing-plan-similar-to-singapore/


Tesla is hiring workers for $48 an hour to wear motion-capture suits to train its humanoid robots

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Elon Musk said Optimus’ factory automation efforts could boost Tesla to a $25 trillion valuation—36 times its current size.

https://fortune.com/2024/08/19/tesla-robot-hiring-workers-optimus-training-ai/


Musk blames the Fed for soft Tesla sales, but rate cuts won’t solve his problem, says ex-Hertz CEO

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1183141775-e1724084622568.jpg?w=2048

The former interim Hertz CEO responsible for a windfall Tesla deal three years ago doesn't believe EVs will gain disproportionately from Fed rate cuts.

https://fortune.com/2024/08/19/musk-blames-fed-tesla-sales-hertz-ceo/


Billionaire Carl Icahn and company fined $2 million over secret personal loans secured with company stock

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Between 2018 and the present, Icahn pledged approximately as much as 82% of Icahn Enterprises' outstanding securities as collateral to secure personal loans.

https://fortune.com/2024/08/19/carl-icahn-enterprises-fine-personal-loan-sec/


Here’s how to find out if your Social Security number was included in last week’s massive data breach

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Nearly 3 billion records were impacted.

https://fortune.com/2024/08/19/social-security-number-hack-were-you-included/


A billionaire is about to make the first spacewalk by a private citizen

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Shift4 founder will soar higher than anyone since the 1970s.

https://fortune.com/2024/08/19/spacex-space-walk-billionaire-private-citizen/


COVID guidelines have changed. Here’s when a sick kid can return to school

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As schools move on from COVID-19, health experts and school districts are changing guidelines for when to keep kids home.

https://fortune.com/well/2024/08/19/covid-guidelines-sick-kids-return-school/


Eating dinner at 5 p.m. can improve your life. How to make it work for you

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Is a 5 p.m. dinner the hot new trend?

https://fortune.com/well/article/early-dinner-time-improve-health/


The 2024 U.S. presidential election reflects a changing America. Expect conflict ‘for the next generation,’ says top pollster

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'America’s collision of world views is directly a function of a special brew of social change around us,' writes Ipsos President Clifford Young.

https://fortune.com/2024/08/19/2024-us-presidential-election-changing-america-expect-conflict-next-generation-top-pollster-politics/


Here’s where COVID cases are spiking in the U.S.

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The U.S. is in the midst of what’s become an annual summer surge in COVID cases. In fact, the nation is experiencing its biggest spike in summer infections yet.

https://fortune.com/well/article/covid-summer-surge-2024-travel-infection-spread-masks/


Peter Thiel tells Joe Rogan his next move is either to Nashville or Miami to avoid California taxes

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California levies the highest tax in the nation for top earners, prompting the PayPal co-founder to screen for cities in nine jurisdictions where there is zero state tax.

https://fortune.com/2024/08/19/peter-thiel-joe-rogan-california-taxes/


Hungary offered €30,000 to couples having 3 kids—but its birth rate has still fallen to a record monthly low

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1239713395-e1724064900136.jpg?w=2048

Hungary registered a meagre 6,000 births in June, even as it offers steep financial incentives to new parents.

https://fortune.com/europe/2024/08/19/hungary-offered-e30000-to-couples-having-3-kids-but-its-birth-rate-has-still-fallen-to-a-record-monthly-low/


Fire breaks out at London’s Somerset House, home to art by Van Gogh and Monet

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1081360176-e1724064414601.jpg?w=2048

"The fire at #SomersetHouse is now under control and investigations into the cause will begin," the London Fire Brigade posted on social media site, X.

https://fortune.com/europe/2024/08/19/fire-breaks-out-at-londons-somerset-house-home-to-art-by-van-gogh-monet/


Palantir boss Alex Karp hires people in less than 2 minutes and personally interviews applicants

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2059236650-e1724063041607.jpg?w=2048

When hiring, Palantir CEO Alex Karp wants to "feel like I’m in the presence of talent.”

https://fortune.com/2024/08/19/palantir-alex-karp-two-minutes-hiring-candidates/


Dortmund reports highest revenue in club history—just a few months after the sale of English midfielder Jude Bellingham

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1488176277-e1724062324455.jpg?w=2048

Bundesliga side Borussia Dortmund generated 509.1 million euros ($559 million) last season.

https://fortune.com/europe/2024/08/19/dortmund-reports-highest-revenue-in-club-history-sale-of-english-midfielder-jude-bellingham-bundesliga/


DeSantis strategist who pushed for the disastrous Twitter campaign launch is now working with Elon Musk to help elect Donald Trump

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-632549212-e1724061424731.jpg?w=2048

Generra Peck and Elon Musk are working together again on a super political action committee, America PAC, dedicated to electing Donald Trump.

https://fortune.com/2024/08/19/elon-musk-america-pac-donald-trump/


Russia bans George Clooney’s foundation for its ‘extensive work aimed at discrediting Russia’

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1853493356-e1724059597176.jpg?w=2048

The Clooney Foundation is currently waging a case against Russia with the UN Human Rights Committee, accusing it of violating human rights in Ukraine.

https://fortune.com/europe/2024/08/19/russia-bans-george-clooneys-foundation-for-its-extensive-work-aimed-at-discrediting-russia-un-human-rights/


Republican impeachment report accuses Biden of abuse of power and obstruction of justice—but no criminal charges

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166775800-e1724060313415.jpg?w=2048

The White House has dismissed the House impeachment inquiry as a “stunt” and encouraged House Republicans to “move on.”

https://fortune.com/2024/08/19/joe-biden-republican-impeachment-report/


DNC braced for protests on Israel-Hamas war and economic injustice as Kamala Harris prepares to accept the Democratic nomination

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166918544-e1724057756446.jpg?w=2048

Demonstrations are expected every day of the convention and, while their agendas vary, many activists agree an immediate cease-fire in the Israel-Hamas war is the priority.

https://fortune.com/2024/08/19/dnc-protests-kamala-harris-democratic-nomination/


How Zurich, one of Europe’s largest insurers, is making Gen Z a priority with TikTok and Instagram

https://fortune.com/img-assets/wp-content/uploads/2024/08/2408-Conny-Kalcher-e1723842328283.jpg?w=2048

The 150-year-old insurer has weathered wars, pandemics and natural disasters in its lifetime. It next task: appealing to Gen Z.

https://fortune.com/europe/2024/08/19/conny-kalcher-zurich-one-of-europes-largest-insurers-gen-z-priority-tiktok-instagram/


American Express is using Olivia Rodrigo concerts and F1 to attract Gen Z in its long-neglected European market

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166204530-e1723835061608.jpg?w=2048

The credit card group says exclusive events means the vast majority of new American Express cards are taken up by young consumers.

https://fortune.com/europe/2024/08/19/amex-is-using-olivia-rodrigo-concerts-and-f1-to-tap-gen-zers-in-its-long-neglected-european-market/


Disney films account for 42% of the industry’s summer box office

https://fortune.com/img-assets/wp-content/uploads/2024/08/AP24219727746663-e1724021461451.jpg?w=2048

In addition to “Alien: Romulus” this weekend, Disney has released “Deadpool & Wolverine,” “Inside Out 2” and “Kingdom of the Planet of the Apes" this summer.

https://fortune.com/2024/08/18/disney-films-42-percent-summer-box-office-aliens-deadpool-wolverine/


Democratic voters are almost extinct in parts of rural America

https://fortune.com/img-assets/wp-content/uploads/2024/08/AP24226756895323-e1724020380167.jpg?w=2048

The Democrats' struggle in Wyoming mirrors the party's challenges across rural America, where the party has been losing ground for years.

https://fortune.com/2024/08/18/democratic-voters-extinct-rural-america-donald-trump-republicans-wyoming-idaho-nebraska/


Perdue recalls frozen chicken nuggets and tenders after metal wire was found in them

https://fortune.com/img-assets/wp-content/uploads/2024/08/AP24231707743010-e1724017795215.jpg?w=2048

Regulators and Perdue determined that some 167,171 pounds of these products may be contaminated with a foreign material after receiving an unspecified number of customer complaints.

https://fortune.com/2024/08/18/perdue-frozen-chicken-nuggets-tenders-product-recall-metal-wire/


The number of Fortune 500 companies flagging AI risks has soared 473.5%

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1786606241-e1724013488694.jpg?w=2048

More than half of Fortune 500 companies have cited AI as a risk factor in their latest annual reports, according to research firm Arize AI.

https://fortune.com/2024/08/18/ai-risks-fortune-500-companies-generative-artificial-intelligence-annual-reports/


You can beat the S&P 500 with stocks that indexes dumped, market guru says

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1454367444-e1724003651604.jpg?w=2048

"As it turns out, getting dumped by an index can have an impressive upside, just as a romantic breakup can sow seeds for personal growth."

https://fortune.com/2024/08/18/beat-sp500-stocks-indexes-dumped-nasdaq-100-russell-1000-nixt/


The tail wags the dog: Top recession indicator now slows the economy, creator says

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1432980104-e1723998184322.jpg?w=2048

"So as a CEO, when you see an inverted yield curve, you're just less likely to pull the trigger on a bet-the-farm type of investment."

https://fortune.com/2024/08/18/recession-indicator-inverted-yield-curve-economic-outlook-slows-growth-campbell-harvey/


Imports at top U.S. ports near pandemic-era highs ahead of China tariffs and possible Trump trade war

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2159098637-e1723996619541.jpg?w=2048

Demand is being driven by retailers and other importers stocking up ahead of a possible strike by a large group of American dockworkers.

https://fortune.com/2024/08/18/imports-us-ports-los-angeles-long-beach-pandemic-highs-china-tariffs-trump-trade-war/


A debt strategy that’s seen as unsustainable is getting more popular on Wall Street

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1150017950-e1723995098695.jpg?w=2048

While deferring interest payments for a couple of quarters can help sidestep short-term cash squeezes, extended delays of payments makes it harder to refinance debt piles.

https://fortune.com/2024/08/18/payment-in-kind-pik-corporate-debt-strategy-private-credit-fund/


Hurricane Beryl didn’t trigger a catastrophe bond, delivering a big win for investors

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2159916100-e1723993488888.jpg?w=2048

In the event, it was decided that the precise level of air pressure required for a payout wasn’t achieved.

https://fortune.com/2024/08/18/hurricane-beryl-jamaica-catastrophe-bond-investors-returns-disaster-payout/


Will Jerome Powell signal a jumbo Fed rate cut at Jackson Hole?

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1623307394-e1723991612682.jpg?w=2048

Fed Chair Jerome Powell will speak about the economic outlook in a keynote address on Friday morning.

https://fortune.com/2024/08/18/jackson-hole-preview-jerome-powell-jumbo-fed-rate-cut-50-basis-points/


August’s stock market fiasco is a ‘stark red flag’ for what’s to come, veteran hedge funder warns

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-510823166-e1723819353972.jpg?w=2048

“These whips are the market process. This is the market zigging in order to zag.” Universa Investments' Mark Spitznagel told Fortune.

https://fortune.com/2024/08/18/august-stock-market-fiasco-stark-red-flag-mark-spitznagel-black-swan-hedge-funder/


Extreme heat and humidity are causing 47,000 deaths across Europe—here’s what it does to the human body

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2165754095-e1723718330967.jpg?w=2048

The world’s two hottest days on record happened in July and 2024 is on track to be the warmest year ever.

https://fortune.com/europe/2024/08/18/extreme-heat-humidity-causing-47000-deaths-europe-what-it-does-to-the-human-body-climate-change-economic-impact/


The NFL could vote soon on letting private equity firms buy stakes in teams

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166462192-e1723935336512.jpg?w=2048

The league held meetings with multiple private equity firms this week in the hopes of completing a framework to present to owners.

https://fortune.com/2024/08/17/nfl-owners-vote-private-equity-firms-investment-stakes-teams/


‘Indiana Jones’ fedora fetches $630,000 at auction while ‘Star Wars’ helmet gets $315,000

https://fortune.com/img-assets/wp-content/uploads/2024/08/AP24230764987810-e1723933719469.jpg?w=2048

The hat featured in 1984's “Indiana Jones and the Temple of Doom” was expected to fetch between $250,000 and $500,000, according to the item's online description.

https://fortune.com/2024/08/17/indiana-jones-fedora-630000-auction-star-wars-helmet-return-of-the-jedi-315000/


Goldman Sachs trims recession odds to 20% from 25% on strong data

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-892413198_dacafc-e1723933242861.jpg?w=2048

If the August jobs report “looks reasonably good, we would probably cut our recession probability back to 15%,” economists led by Jan Hatzius said in a note Saturday.

https://fortune.com/2024/08/17/economic-outlook-goldman-sachs-recession-odds-20-percent-jobless-claims-retail-sales-data/


Elon Musk’s X is closing Brazil operations amid legal showdown on fake news and hate speech

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2151277734-e1723932078699.jpg?w=2048

X had about 20 million active users in Brazil as of the first quarter, according to data firm Sensor Tower, down about 15% from the previous year.

https://fortune.com/2024/08/17/elon-musk-x-brazil-operations-closure-supreme-court-fake-news-hate-speech/


Wall Street sees gold nearing $3,000 after soaring more than 20% this year

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1722194848-e1723926747532.jpg?w=2048

Gold has outperformed the broader U.S. stock market this year, and Wall Street is turning more bullish on the precious metal.

https://fortune.com/2024/08/17/gold-price-outlook-wall-street-forecasts-3000-fed-rate-cuts-central-banks-recession/


Eating dinner at 5 p.m. can improve your life and boost your health. How to make it work for you

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-866048088-e1723833828894.jpg?w=2048

Is a 5 p.m. dinner the hot new trend?

https://fortune.com/well/article/early-dinner-time-improve-health/


This tantalizing symmetry in Warren Buffett’s stock moves may be a clue on his Apple stake

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-513206836-e1723919145340.jpg?w=2048

"If Buffett likes round numbers, he may not be planning to sell additional shares of Apple."

https://fortune.com/2024/08/17/warren-buffett-stocks-berkshire-hathaway-portfolio-apple-shares-coca-cola/


The U.S. will very likely fight a 3-front war against Russia, China and Iran, Palantir’s Alex Karp says

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1742849319-e1723911839295.jpg?w=2048

"The president needs to tell them if you cross these lines, this is what we’re going to do, and you have to then enforce it."

https://fortune.com/2024/08/17/palantir-alex-karp-us-3-front-war-russia-china-iran-autonomous-weapons-drones-military-draft/


Jerome Powell met Jamie Dimon and other bank CEOs behind closed doors to avoid legal fight

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2164066922-e1723908535183.jpg?w=2048

The Fed already has floated a dramatically weaker version of the bank-capital overhaul to other regulators, alarming some agency officials.

https://fortune.com/2024/08/17/jerome-powell-bank-ceo-jamie-dimon-jane-fraser-brian-moynihan-basel-regulation/


Deadly bacteria now have perfect conditions for outbreaks at U.S. lakes and rivers

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1242716330-e1723907625714.jpg?w=2048

Rising temperatures are impacting waterways in cooler climates that typically aren’t associated with cyanobacterial blooms.

https://fortune.com/2024/08/17/deadly-bacteria-ecoli-blue-green-algae-cyanobacteria-outbreaks-lakes-rivers/


Amid new rules for commissions, homebuyers should target 1.5%-2%, consumer advocate says

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1714966468-e1723906340986.jpg?w=2048

On Saturday, the terms of a class-action settlement over real estate agents' compensation practices took effect.

https://fortune.com/2024/08/17/real-estate-agent-commissions-new-rules-best-rate-goal-homebuyers/


Pakistan starts screening all travelers for mpox after WHO declares global emergency

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1402562733-e1723905198852.jpg?w=2048

Pakistan has found 11 cases in more than a year, with the latest infection confirmed on Aug. 13 in a 34-year-old male who arrived from Saudi Arabia.

https://fortune.com/2024/08/17/mpox-emergency-pakistan-screening-all-travelers-world-health-organization/


Mark Zuckerberg gave his ex-Facebook engineer startup advice at 2 a.m. over chess—now she’s a founder with over $8.5 million raised in funding

https://fortune.com/img-assets/wp-content/uploads/2024/08/sophie_facebook.png?w=2048

Mark Zuckerberg told ex-Facebook intern Sophie Novati: ‘Figure out a way to capture people's valuable attention’.

https://fortune.com/2024/08/17/facebook-mark-zuckerberg-startup-advice-sophie-novati-formation/


European governments are targeting international students to curb surging immigration—but it’s costing universities billions

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1252668228-e1723716507375.jpg?w=2048

In the U.K. alone the total economic benefit from foreign students in 2021-22 was estimated to be £41.9 billion.

https://fortune.com/europe/2024/08/17/u-k-government-is-targetting-international-students-to-rein-in-surging-immigration-and-its-working/


Fired CFO’s texts revealed a 10-year affair that led to higher pay and promotions, company says

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1385091854-e1723854853296.jpg?w=2048

The bank launched an investigation in March after an anonymous whistleblower alleged that two executives had been seen “hugging and kissing and exiting the elevators” of a hotel near the office.

https://fortune.com/2024/08/16/fired-cfo-texts-affair-romantic-hotel-misconduct-clawback/


California Gov. Newsom signs 10 bills targeting flash mobs, theft, and smash-and-grab robberies

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2159950640-e1723853419163.jpg?w=2048

The issue hit a boiling point this year amid mounting criticism from Republicans and law enforcement.

https://fortune.com/2024/08/16/california-crackdown-newsom-signs-10-bills-shoplifting-flash-mob/


Kamala Harris calls for a ban on price-gouging to battle high grocery costs

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166259224-e1723852658274.jpg?w=2048

Grocery prices are still painfully high compared to four years ago.

https://fortune.com/2024/08/16/kamala-harris-calls-for-price-gouging-ban-high-grocery-bills-inflation-2024/


Boys are taking images of female classmates and using AI to deepfake nude photos. A landmark lawsuit could stop it.

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1167582826-e1723851708639.jpg?w=2048

The tools have been used by boys in schools to create images of female classmates that then circulate widely through social media.

https://fortune.com/2024/08/16/ai-nude-deepfakes-boys-social-media-classmates-school/


After a 16-year-old boy died cleaning a poultry plant, a Georgia company agreed to a safety overhaul

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1142769246-e1723849649364.jpg?w=2048

The teen boy was doing a deep clean on a machine that was still plugged in, OSHA investigators found.

https://fortune.com/2024/08/16/child-died-cleaning-plant-mississippi-safety-georgia/


Gold prices hit fresh record high, and an analyst says it’s a sign recession is on the way

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-145158250-e1723848919255.jpg?w=2048

Spot bullion climbed as much as 2.2% Friday, exceeding the previous record set last month.

https://fortune.com/2024/08/16/gold-prices-record-high-economic-outlook-recession-indicator-fed-rate-cuts/


A woman allegedly posed as 3 people in the plot to defraud Elvis Presley’s family and auction Graceland

https://fortune.com/img-assets/wp-content/uploads/2024/08/AP24229569762376-e1723846962958.jpg?w=2048

A Missouri woman has been arrested on charges she orchestrated the brazen scheme, the Justice Department said Friday.

https://fortune.com/2024/08/16/elvis-presley-graceland-auction-plot-lisa-jeanine-findley-arrest-foreclosure-sale-riley-keough/


The S&P 500 is nearing all-time highs as stocks have best week of the year

https://fortune.com/img-assets/wp-content/uploads/2024/08/AP24229515640775-e1723841216578.jpg?w=2048

For the week, the S&P 500 added nearly 3.9%, its best since November 2023. The Nasdaq gained 5.2%, and the Dow rose 2.9%.

https://fortune.com/2024/08/16/stock-market-today-sp500-near-all-time-highs-best-week-nsasdq-dow-jones/


Starbucks’ new CEO drinks up to 4 cups of coffee per day

https://fortune.com/img-assets/wp-content/uploads/2024/08/chipotle-ceo2.png?w=2048

Brian Niccol is getting a $113 million payday–and presumably a lot of free coffee.

https://fortune.com/2024/08/16/starbucks-new-ceo-brian-niccol-4-cups-coffee-day-howard-schultz-favorite-drink-order/


Dump this ‘Trump trade’ as Kamala Harris flips the election script, Citi says

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166231356_5ed29e-e1723838952481.jpg?w=2048

Citigroup unwound the remainder of the trade as Trump’s odds of winning the Nov. 5 election in the betting market slipped following Kamala Harris’s replacement of Biden as the Democratic nominee.

https://fortune.com/2024/08/16/donald-trump-trade-bond-market-kamala-harris-presidential-election-odds/


Women are using ChatGPT to catch men in lies about their height on dating apps

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1478128366-e1723838032462.jpg?w=2048

Women are outsmarting men on dating apps by using AI.

https://fortune.com/2024/08/16/women-using-chatgpt-catch-men-in-lies-about-height-dating-apps/


Ken Griffin says Citadel hires ‘winners in life’ because finance winners don’t always cut it

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2152360494-e1723836190604.jpg?w=2048

The firm has a lower acceptance rate for interns than Harvard.

https://fortune.com/2024/08/16/ken-griffin-citadel-hiring-winners-finance-peng-zhao-citadel-securities-olympics-interns/


Got late-summer travel plans? Here’s where COVID cases are spiking in the U.S.

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1340281261-e1723667043771.jpg?w=2048

The U.S. is in the midst of what’s become an annual summer surge in COVID cases. In fact, the nation is experiencing its biggest spike in summer infections yet.

https://fortune.com/well/article/covid-summer-surge-2024-travel-infection-spread-masks/


Victoria’s Secret poached Rihanna’s Savage X Fenty CEO with $18M—and are letting her WFH

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2158651688-e1723830575749.jpg?w=2048

America’s largest seller of lingerie has hired Hillary Super, the CEO of Savage X Fenty, to be its new chief executive, effective Sept. 9.

https://fortune.com/2024/08/16/victorias-secret-poached-rihanna-savage-x-fenty-ceo-wfh/


Trump’s tariffs could spark a trade war and an ‘inflation shock’ within a year, expert warns

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166183800-e1723730807558.jpg?w=2048

Joachim Klement of Panmure Liberum warns inflation could surge 1.2 percentage points in the first year after Trump's tariff policies begin.

https://fortune.com/2024/08/16/trump-tariffs-trade-war-inflation-economic-policies-joachim-klement/


Are you ‘addicted’ to your phone? How to spot the signs—and what to do about it

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1034135148-e1723825868440.jpg?w=2048

Sometimes, your smartphone habit can cross over into problematic territory.

https://fortune.com/well/article/phone-addiction-how-to-spot-signs/


Donald Trump made $300,000 for promoting a Bible, filings show

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-490005148-e1723827573381.jpg?w=2048

This year, in addition to the Bible, the former president has promoted sneakers and perfumes.

https://fortune.com/2024/08/16/donald-trump-300000-lee-greenwood-bible-sales-snearker-nft-perfume-legal-bills/


High cortisol is wreaking havoc on your health. 4 simple steps can lower your levels

https://fortune.com/img-assets/wp-content/uploads/2024/04/GettyImages-755651163-e1712694724436.jpg?w=2048

When cortisol levels are consistently too high, it can put you at risk for a host of health conditions.

https://fortune.com/well/article/how-to-lower-cortisol/


How we went from making cold brew coffee at home to producing 350,000 cups a day—and selling it via Target and Walmart

https://fortune.com/img-assets/wp-content/uploads/2024/08/Bizzy-Cold-Brew-coffee-cofounders-e1723824186783.png?w=2048

Bizzy Cold Brew has quickly thrived in an intensely competitive coffee market despite its humble origins.

https://fortune.com/2024/08/16/bizzy-cold-brew-coffee-entrepreneurs-from-home-experiments-to-target-walmart/


Bill Gates ‘terrified’ employees at his foundation, book claims, where meetings felt like a king holding court

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1415086538-e1723824188497.jpg?w=2048

Anupreeta Das describes a stressful work culture at the Gates Foundation in her new book, "Billionaire, Nerd, Savior, King: Bill Gates and His Quest to Shape Our World."

https://fortune.com/2024/08/16/bill-gates-terrified-employees-at-foundation-anupreeta-das-book-claims/


Harris fires back against Trump’s economic attacks with proposals for tax cuts and populist policies

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166226408-e1723820617635.jpg?w=2048

The Democratic presidential nominee wants to raise the child tax credit and crack down on cost-of-living increases.

https://fortune.com/2024/08/16/harris-trumps-economic-policy-tax-cuts-middle-class/


Kamala Harris’ presidential prospects lift consumer sentiment

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2165608844-e1723819727906.jpg?w=2048

Americans' spirits are an important gauge for whether they're in the mood to shop; spending accounts for about 70% of U.S. economic activity.

https://fortune.com/2024/08/16/kamala-harris-presidential-prospects-lift-consumer-sentiment/


‘Black Swan’ hedge funder warns a recession is coming this year—and the biggest market bubble in history will soon pop

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2165010433-e1723570642786.jpg?w=2048

“It’s not different this time,” Mark Spitznagel, co-founder and CIO of the private hedge fund Universa Investments, told Fortune.

https://fortune.com/2024/08/16/black-swan-mark-spitznagel-recession-coming-this-year-bubble-popping-soon/


Google’s ex-CEO isn’t licensed to give financial advice, but he thinks you should buy Nvidia

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1241460753-e1723811981686.jpg?w=2048

With tech firms investing 'mind-boggling' amounts of money to win the AI race, their chip supplier of choice is the best positioned to win from the gold rush.

https://fortune.com/2024/08/16/nvidia-eric-schmidt-google-citadel-ken-griffin/


The founder of Resy and Eater is on a new mission to save restaurants—just don’t mention the crypto

https://fortune.com/img-assets/wp-content/uploads/2024/08/Ben01_28dd75.jpg?w=2048

Blackbird, Ben Leventhal’s new loyalty program, wants to bring independent restaurants closer to their guests.

https://fortune.com/crypto/2024/08/16/resy-founders-new-dining-app-uses-crypto-just-dont-let-its-users-know-that/


As mpox strain clade 1b reaches Europe, expert warns of delayed Western response

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1201686949-e1723806220677.jpg?w=2048

"The West only gets concerned about controlling epidemics when we start seeing cases, and then it is almost always too late to eradicate the infection."

https://fortune.com/2024/08/16/mpox-clade-1b-africa-sweden-outbreak/


Matthew Perry’s assistant among 5 people, including 2 doctors, charged in his death

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-138363012.jpg?w=2048

The doctors preyed on Perry's history of addiction in the final months of his life last year to provide him with ketamine in amounts they knew were dangerous, prosecutors say.

https://fortune.com/2024/08/16/matthew-perrys-assistant-among-5-people-including-2-doctors-charged-in-his-death/


Hoping for unicorns, 1 in 5 young men are NEETs—not in employment, education, or training

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2163665637-e1723804905817.jpg?w=2048

They’re not actively looking for work either, unlike their female counterparts.

https://fortune.com/2024/08/16/neets-young-men-employment-education-training/


People are getting rich in Dubai despite Middle East conflict

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2000977608-e1723804866660.jpg?w=2048

Dubai's economy is buzzing with tourism and construction as it positions itself as a safe haven in a region that's resting on a knife’s edge.

https://fortune.com/2024/08/16/dubai-wealth-middle-east-conflict/


Investors, entrepreneurs, and good ideas are becoming collateral damage as the U.S. and China battle over dual-use tech

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2156952255-e1723803361822.jpg?w=2048

Nearly every civilian technology could be adapted to have military applications, which makes innovation increasingly complex and contentious.

https://fortune.com/2024/08/16/investors-entrepreneurs-becoming-collateral-damage-us-china-battle-dual-use-tech/


Mpox: Here’s what we know about the virus, and what might be done to contain it

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166250732-e1723801527996.jpg?w=2048

The World Health Organization warned the virus might ultimately spill across international borders.

https://fortune.com/well/2024/08/16/mpox-what-we-know-about-virus-how-to-contain/


Ed Sheeran bought a 1.4% stake in his boyhood Premier League club Ipswich Town, bagging him executive suite access

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1852041674-e1723800382417.jpg?w=2048

The minority 1.4% stake won't see Sheeran join the board, but will secure him access to an executive box.

https://fortune.com/europe/2024/08/16/ed-sheeran-bought-a-1-4-stake-in-his-boyhood-premier-league-club-ipswich-town-bagging-him-executive-suite-access/


Bavarian Nordic gearing up to produce 10 million doses of mpox vaccine as ‘further imported cases’ in Europe are coming, WHO warns

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1242242214-e1723799590960.jpg?w=2048

Sweden announced the first mpox case outside Africa, the day after the WHO declared a global health emergency.

https://fortune.com/europe/2024/08/16/bavarian-nordic-gearing-up-to-produce-10-million-doses-of-mpox-vaccine-as-further-imported-cases-in-europe-are-coming-who-warns/


Japan adds chipmaking equipment companies to list of ‘core business sectors’ as it looks to boost semiconductor industry

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1845887867-e1723794493511.jpg?w=2048

Foreign investors must now file a notice when acquiring a stake that's 1% or more of a listed chip equipment makers.

https://fortune.com/asia/2024/08/16/japan-adds-chipmaking-equipment-companies-to-list-of-core-business-sectors-as-it-looks-to-boost-semiconductor-industry/


Every Norwegian now indirectly owns $27 worth of Bitcoin as sovereign wealth fund ups crypto stake

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-521729552-e1723732776166.jpg?w=2048

Norway's $1.7 trillion sovereign wealth fund upped its holdings in crypto exhanges, increases its indirect Bitcoin coverage by 62%.

https://fortune.com/europe/2024/08/16/every-norwegian-now-indirectly-owns-27-worth-of-bitcoin-as-sovereign-wealth-fund-ups-crypto-stake/


JPMorgan: You can profit 70% of the time you buy the dip in corporate debt

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2152634505_7488bd-e1723769267403.jpg?w=2048

The spread between high-grade corporate bonds and Treasury bonds widened this month, a sign that investors want higher yields amid uncertainty.

https://fortune.com/2024/08/15/jpmorgan-profit-corporate-debt-bonds-treasury-yield-market-uncertainty-risk/


Trump openly criticizes Harris, says he is ‘entitled to personal attacks’ on his campaign opponent

https://fortune.com/img-assets/wp-content/uploads/2024/08/AP24228758437047-e1723765446359.jpg?w=2048

Donald Trump accused Kamala Harris of weaponizing the justice system against him. As vice president, Harris has no direct control over DOJ or its investigations.

https://fortune.com/2024/08/15/trump-criticizes-harris-entitled-personal-attacks-campaign-inflation-costs/


Ex-Google CEO Schmidt advised students to steal TikTok’s IP and ‘clean up the mess’ later

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2136253901-e1723761439101.jpg?w=2048

In a now-deleted video, Eric Schmidt suggested entrepreneurs can rely on lawyers to handle legal matters stemming from rapid development.

https://fortune.com/2024/08/15/ex-google-ceo-eric-schmidt-stanford-ai-advice-steal-ip-hire-lawyers/


Son of KKR co-founder sues Milwaukee Brewers owner for allegedly stealing sand in Malibu

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2158774538-e1723755890934.jpg?w=2048

Malibu, a 21-mile stretch of beachfront, is a getaway for celebrities, tech, and finance billionaires with the most expensive homes ever sold in California.

https://fortune.com/2024/08/15/kkr-sues-milwaukee-brewers-owner-sand-malibu-billionaire/


George Soros’ firm dumped $73 million in Alphabet and Amazon before the July nosedive

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1240878823-e1723754913214.jpg?w=2048

Ultra-wealthy family offices cashed out holdings in Mag 7 stocks before the market downturn.

https://fortune.com/2024/08/15/george-soros-tech-nvidia-dump-alphabet-amazon-microsoft-apple/


Kamala Harris should help Democrats reclaim their reputation as the pro-tech party

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2161323413.jpg?w=2048

From AI to green tech to crypto, Democrats can embrace tech in a way that remains true to their core values.

https://fortune.com/crypto/2024/08/15/kamala-harris-should-help-democrats-reclaim-their-reputation-as-the-pro-tech-party/


Top Fed official says he’s open to a rate cut in September because the central bank can’t ‘afford to be late’

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-869823560-e1723745441723.jpg?w=2048

Atlanta Fed President Raphael Bostic said waiting to cut rates is risky.

https://fortune.com/2024/08/15/top-federal-reserve-official-inflation-september-interest-rate-cut/


Sweden reports 1st case of more infectious form of mpox first identified in Congo

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2163386307-e1723744418500.jpg?w=2048

The case comes just a day after the World Health Organization declared the outbreaks in Africa to be a global emergency.

https://fortune.com/well/2024/08/15/mpox-monkeypox-sweden-reports-1st-case-more-infectious-form/


Barbara Corcoran: Buy a home now; don’t wait for a Fed rate cut

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1494928018-e1723742304627.jpg?w=2048

The self-made millionaire sees home prices rising once mortgage rates fall further.

https://fortune.com/2024/08/15/barbara-corcoran-home-prices-mortgage-rates-inflation-fed-cut-time-to-buy/


Rich people are going to Walmart more—and they’re a key reason for the company’s recent success

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2157161515-e1723739943773.jpg?w=2048

CEO Doug McMillon told analysts upper-income shoppers account for most of Walmart’s sales gains.

https://fortune.com/2024/08/15/walmart-earnings-high-income-rich-consumer-spending-sales/


Fellow Gen Xers: That retirement crisis you’re losing sleep over is a ‘rewirement’ opportunity

https://fortune.com/img-assets/wp-content/uploads/2024/08/Anne-Chow-gen-x-retirement-e1723739934883.jpg?w=2048

Rather than retire after corporate life, Anne Chow decided to “rewire,” completely reimagining her life’s next chapter.

https://fortune.com/2024/08/15/gen-x-retirement-crisis-rewirement-opportunity/


What is ketamine? Potential dangers of the drug responsible for ‘Friends’ star Matthew Perry’s death

https://fortune.com/img-assets/wp-content/uploads/2023/12/GettyImages-631611692-e1702682578182.jpg?w=2048

Ketamine, popularly known as the party drug Special K, has recently been hailed as a breakthrough treatment for major depression, but it's not without risks.

https://fortune.com/well/article/what-is-ketamine-risks-dangers-matthew-perry/


Toxic metals found in tampons have set off alarm bells—the kind I responded to 35 years ago when starting my company

https://fortune.com/img-assets/wp-content/uploads/2024/08/Natracare-CEO-Susie-Hewson-on-toxic-tampons-e1723735085150.jpg?w=2048

Regulators should demand greater transparency in period care products, says Natracare founder and CEO Susie Hewson.

https://fortune.com/2024/08/15/toxic-metals-tampons-personal-health-women-period-care-menstruation-wellness/


New Starbucks CEO Brian Niccol is getting a bonkers pay package—and he doesn’t have to move to Seattle to get it

https://fortune.com/img-assets/wp-content/uploads/2024/08/AP24228452552636-e1723733066265.jpg?w=2048

Niccol will take over for Laxman Narasimhan, who lasted a little more than a year as Starbucks' CEO.

https://fortune.com/2024/08/15/starbucks-brian-niccol-ceo-pay-package-salary-executive-compensation-seattle/


A sneak peek of Kamala Harris’ economic policy reveals one of her focal points: high food prices

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2166105973-e1723732520696.jpg?w=2048

The vice president is putting particular emphasis on rising meat prices, which she says account for a large part of rising grocery bills.

https://fortune.com/2024/08/15/kamala-harris-economic-policies-high-food-meat-prices/


Only 2.5% of workers would benefit from no taxes on tips—and in the longterm, it could hurt them

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1570184666-e1723722487813.jpg?w=2048

'A tax-exemption for tips violates every rule of tax equity.'

https://fortune.com/2024/08/15/only-2-5-of-workers-would-benefit-from-no-taxes-on-tips-and-in-the-longterm-it-could-hurt-them/


Walmart’s shopper surge last quarter should boost retailer’s profits for the rest of the year

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2025863012-e1723723087319.jpg?w=2048

On its latest earnings call Walmart beat expectations and raised its guidance for the rest of the year.

https://fortune.com/2024/08/15/walmart-earnings-shopper-surge-profits/


Shares in Danish mpox vaccine maker Bavarian Nordic soar 12% as WHO declares a global health emergency

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1242666076-e1723726402795.jpg?w=2048

There have been 38,465 cases of mpox across 16 African countries so far, with 1,456 deaths.

https://fortune.com/europe/2024/08/15/shares-in-danish-mpox-vaccine-maker-bavarian-nordic-soar-12-as-who-declares-a-global-health-emergency/


Elon Musk’s financial woes at X have Tesla bulls fearing he will liquidate more stock

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2151277359-4-e1723722161162.jpg?w=2048

Plunging U.S. revenue at X risks opening up a "massive hole" on its balance sheet that Musk needs to plug to stave off its financial collapse.

https://fortune.com/2024/08/15/elon-musk-tesla-stock-sale-twitter-x-advertiser-boycott-finances-bradford-ferguson/


Yoshua Bengio: California’s AI safety bill will protect consumers and innovation

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2149615354-1.jpg?w=2048

SB 1047 is a positive and reasonable step towards advancing both safety and long-term innovation in the AI ecosystem, writes Yoshua Bengio.

https://fortune.com/2024/08/15/yoshua-bengio-californias-ai-safety-bill-will-protect-consumers-innovation-tech/


Millions of kids are skipping school. Could the answer be recess — or giving them cash?

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1354472019-e1722785817555.jpg?w=2048

One in four students in the 2022-23 school year were chronically absent.

https://fortune.com/2024/08/15/school-absence-attendance-statistics-recess-cash/


Whole Foods Market’s CEO grocery shops at least 14 times a week, even on vacation: ‘I’m probably very abnormal’

https://fortune.com/img-assets/wp-content/uploads/2024/06/WF-CEO-STILL-01.jpg?w=2048

Whole Foods Market's CEO says shopping at the grocer twice a day has helped him grow as a leader.

https://fortune.com/2024/08/15/whole-foods-markets-ceo-grocery-shops-at-least-14-times-a-week-even-on-vacation-im-probably-very-abnormal/


Google confirms Iranian hackers are trying to access emails of Harris and Trump

https://fortune.com/img-assets/wp-content/uploads/2024/07/AP24210622885334.jpg?w=2048

Posing as trusted senders, they're trying to persuade the candidates' staff to hand over login details.

https://fortune.com/2024/08/15/google-iran-hack-email-harris-trump/


Wizz Air bets on unlimited flights for €499 to woo frugal passengers, but there’s a catch

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2157754851-e1723716422227.jpg?w=2048

The ailrine is launching a first-of-its-kind model in Europe, but buyers should beware of the conditions.

https://fortune.com/europe/2024/08/15/wizz-air-bets-on-unlimited-flights-for-e499-to-woo-frugal-passengers-but-theres-a-catch/


The American Dream is collapsing, and it’s knocking billionaires off their pedestals

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1410297049-e1723670108219.jpg?w=2048

Americans are souring on the wealthy, calling them to task amidst surging inequality.

https://fortune.com/2024/08/15/the-american-dream-is-collapsing-and-its-knocking-billionaires-off-their-pedestals/


Mystery of Stonehenge deepens as scientists discover altar stone was hauled 750 kilometers from Scotland: The question is how?

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-521905633-e1723712150629.jpg?w=2048

The Neolithic circle of giant stones has been a source of wonder and mystery for nearly 5,000 years.

https://fortune.com/europe/2024/08/15/mystery-of-stonehenge-deepens-as-scientists-discover-altar-stone-was-hauled-750-kilometers-from-scotland/


Germany issues arrest warrant for Ukrainian named ‘Volodymyr Z’ over Nord Stream pipeline sabotage

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1243594691-e1723710792979.jpg?w=2048

The suspect had been identified by Germany as a skilled diver suspected of being involved with the explosion that destroyed part of the natural-gas link between Russia and Germany.

https://fortune.com/europe/2024/08/15/germany-issues-arrest-warrant-for-ukrainian-named-volodymyr-z-over-nord-stream-gas-pipeline-sabotage/


Disney argues that signing up for Disney+ means you can never sue the company over anything—ever

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2155960588-e1723708875421.jpg?w=2048

Disney is asking a Florida court to dismiss a wrongful death lawsuit brought against it by Jeffrey Piccolo because of terms agreed to when signing up for a Disney+ trial in 2019.

https://fortune.com/2024/08/15/disney-wrongful-death-lawsuit-jeffrey-piccolo/


Christope De Vusser is the first European to lead American giant Bain & Company—here’s how he’s leveraging AI tools to make consultants work ‘smarter’

https://fortune.com/img-assets/wp-content/uploads/2024/08/CEO-Agenda_Bain-Company_Christophe-De-Vusser.jpg?w=2048

De Vusser shares his approach to achieving work-life balance, highlights his top art exhibitions and discusses the generative AI tools Bain employs to stay ahead in the industry.

https://fortune.com/europe/2024/08/15/christope-de-vusser-the-first-european-to-lead-american-giant-bain-and-company-ai-microsoft-chatgpt-apple/


Famous Amos founder Wally Amos, a high-school dropout turned cookie mogul, dies at 88

https://fortune.com/img-assets/wp-content/uploads/2024/08/AP24227813571299-e1723694506672.jpg?w=2048

Amos wrote eight books, served as spokesperson for Literacy Volunteers of America for 24 years, and gave motivational talks to corporations, universities and other groups.

https://fortune.com/2024/08/15/famous-amos-cookie-founder-wally-amos-dies/


Columbia University President Minouche Shafik resigns after campus turmoil

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2147888542-e1723693611610.jpg?w=2048

The announcement also comes just days after the school confirmed that three deans had resigned after officials said they exchanged disparaging texts during a campus discussion about Jewish life and antisemitism.

https://fortune.com/2024/08/14/columbia-university-president-minouche-shafik-resigns-israel-palestine/


Starbucks welcomes new CEO Brian Niccol with a $113 million payday—and he can work from home

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-476543068.jpg?w=2048

The coffee giant’s new CEO won’t have to relocate to the corporate headquarters in Seattle, according to his offer letter.

https://fortune.com/2024/08/14/starbucks-ceo-brian-niccol-113-million-payday-remote-work/


The Mars-Kellanova merger bolsters them against 2 big threats—inflation and Ozempic

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1200432385-e1723672439909.jpg?w=2048

“Snacking is very driven by impulse. It's very driven traditionally, by indulgence,” one analyst said.

https://fortune.com/2024/08/14/mars-kellanova-merger-threats-inflation-ozempic-wegovy-snack/


Billionaire Vinod Khosla slams Elon Musk for his U-turn on climate during Trump interview

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2158522468-e1723671401977.jpg?w=2048

"I did listen to the climate part and yeah, I do think it was dumb,” Khosla wrote on X.

https://fortune.com/2024/08/14/billionaire-vinod-khosla-slams-elon-musk-climate-trump/


Antidepressant not working? AI may do a better job than your doctor in matching you with the best medicine

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2155063301-e1723050717244.jpg?w=2048

“People are going through three or four trials before they get the right medication,” a public health researcher tells Fortune.

https://fortune.com/well/article/ssri-antidepressants-depression-medication-ai/


Exclusive: The COO of Hims & Hers was the third person to try their GLP-1 drugs—and she’s ready to share her story

https://fortune.com/img-assets/wp-content/uploads/2024/08/Melissa_Baird0332.jpg?w=2048

Health executive Melissa Baird is dedicated to breaking the stigma of weight management at work.

https://fortune.com/well/article/glp1-weight-loss-drugs-workplace-stigma/


We’re close to a 6% mortgage rate reality, but it isn’t enough to jump-start the housing market

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1487510309-e1723659225352.jpg?w=2048

“It seems that borrowing costs would have to fall below 5% to see a full recovery in home buying,” a Capital Economics economist wrote.

https://fortune.com/2024/08/14/housing-market-outlook-mortgage-rate-reality/


One chart perfectly encapsulates why Google might be broken up

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1754139783_7e16aa-e1723658845880.jpg?w=2048

Google has cornered roughly 90% of the search engine market for more than a decade.

https://fortune.com/2024/08/14/google-monopoly-search-engine-dominance-chart-break-up/


Bank of America tells junior execs to blow the whistle on managers who overwork them

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-98680746-e1723655841724.jpg?w=2048

Managers reportedly told employees to downplay how much they were working to avoid triggering an HR policy.

https://fortune.com/2024/08/14/bank-of-america-tells-junior-execs-to-blow-the-whistle-on-managers-who-overwork-them/


Schumer joins growing chorus of pro-crypto Democrats—but Harris keeps silent for now

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2165929160_5f4044-e1723574003621.jpg?w=2048

A new grassroots organization is trying to stop the Trump crypto wave by hosting a town hall with top politicians and industry leaders.

https://fortune.com/crypto/2024/08/14/crypto-democrats-kamala-harris-trump-schumer/


Medical care and prescription costs among top 10 worries of older adults before 2024 election

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-older-adult-healthcare-e1723646197330.jpg?w=2048

Adults over 50 are a key demographic for candidates this election cycle.

https://fortune.com/well/article/health-concerns-2024-election-older-adults/


Inflation drops to 3-year low, sealing the deal for Fed to cut rates in September

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1464257505-e1723648612807.jpg?w=2048

Consumer prices rose just 0.2% from June to July and 2.9% on an annualized basis—the smallest increase since early 2021.

https://fortune.com/2024/08/14/inflation-consumer-price-index-3-year-low-fed-interest-rates/


Reporter caught using artificial intelligence to create fake stories and quotes

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2150483357-e1723647802582.jpg?w=2048

Aaron Pelczar, a 40-year-old who was new to journalism, admitted he had used AI in his stories before he resigned from Wyoming's Cody Enterprise.

https://fortune.com/2024/08/14/aaron-pelczar-cody-enterprise-reporter-ai-artificial-intelligence-fake-stories-quotes-wyoming/


Why Aflac’s CEO chose the duck (even though it made him very nervous)

https://fortune.com/img-assets/wp-content/uploads/2024/08/aflack.jpg?w=2048

Aflac is a family business and while part of the family may get you in the door, it won't keep you there.

https://fortune.com/2024/08/14/aflac-ceo-daniel-amos-interview/


Starbucks’ interim CEO Rachel Ruggeri cashed in on $342,000 stock sale the day reshuffle was announced

https://fortune.com/img-assets/wp-content/uploads/2024/08/Copy-of-FeatTemplate-54.jpg?w=2048

Ruggeri sold the 3,750 stocks yesterday for $341,850 under a Rule10b5-1 trading agreement, which allows business insiders and executives to trade their shares in a publicly listed company without risk of breaking the law.

https://fortune.com/2024/08/14/starbucks-interim-ceo-rachel-ruggeri-stock-sale/


Brian Niccol may well be the messiah Starbucks—and Howard Schultz—have been looking for

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2156187798.jpg?w=2048

Schultz remains the largest shareholder—and he just helped drive out his fourth attempted successor, Laxman Narasimhan.

https://fortune.com/2024/08/14/brian-niccol-starbucks-howard-schultz-leadership-retail/


Denmark brings back the Korean noodles it banned for being ‘too spicy.’ But it still doesn’t allow marmite—and energy drinks for kids could be the next to go

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2157801025-e1723633352417.jpg?w=2048

Buldak noodles have become a viral sensation (even rapper Cardi B tried it) as social media users challenged their spice tolerance by testing them.

https://fortune.com/europe/2024/08/14/denmark-korean-ramen-noodles-too-spicy-ban-not-allow-marmite-energy-drinks/


Google’s ex-CEO blames working from home on the company’s AI struggles: ‘Google decided that work-life balance was more important than winning’

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-103873840-e1723631899104.jpg?w=2048

Eric Schmidt was responding to a question about how Google have lost the lead in AI to startups like OpenAI and Anthropic.

https://fortune.com/2024/08/14/google-eric-schmidt-working-from-home-ai-openai/


London locals go to war with upmarket British bakery chain Gail’s over gentrification and its right-leaning chairman

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1228640025-e1723631336875.jpg?w=2048

Hundreds of people have signed a petition trying to block a new Gail's in Walthamstow, namechecking its divisive chairman.

https://fortune.com/europe/2024/08/14/london-locals-go-to-war-with-upmarket-british-bakery-chain-gails-over-gentrification-and-its-right-leaning-chairman/


The ‘sustainability recession’ will end soon—and not by choice

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1749109271-e1723630807658.jpg?w=2048

It’s possible that most of the ESG pullback is for show—a reverse form of virtue signaling.

https://fortune.com/2024/08/14/sustainability-recession-end-soon-esg-dei-politics-corporate-leadership/


X ordered to pay €550,000 to Irish employee fired for not replying to Elon Musk’s yes-or-resign ‘extremely hardcore’ ultimatum

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1945669942-e1723627297701.jpg?w=2048

It is the largest sum the agency has ever awarded.

https://fortune.com/europe/2024/08/14/x-ordered-to-pay-550000-to-irish-employee-fired-for-not-replying-to-elon-musk-yes-or-resign-extremely-hardcore-ultimatum/


Justice Department considers Google breakup proposal—here’s what happens now

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1237654860-e1723626265700.jpg?w=2048

The Justice Department alleges that Google paid billions of dollars to maintain a monopoly over the search market via agreements with tech rivals.

https://fortune.com/2024/08/14/google-breakup-justice-department-antitrust-case/


Londoners are turning to ‘speed dating’ to find the perfect flatmate match

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1386926802-e1723624915880.jpg?w=2048

Many people cannot afford to rent a flat in London on their own, even on seemingly comfortable budgets of up to £1,500 ($1,900) per month.

https://fortune.com/europe/2024/08/14/londoners-turning-to-speed-dating-to-find-the-perfect-flatmate-match/


AI is becoming indispensable to job seekers as 50% use it to craft their applications—and recruiters are concerned

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-2164580616-e1723621496380.jpg?w=2048

AI is becoming widespread among job seekers and recruiters in the hiring process. Is it worth it?

https://fortune.com/europe/2024/08/14/ai-indispensable-job-seekers-cv-resume-job-applications-recruiters/


Roger Federer-backed On continues to push against rivals Nike and Adidas as sales jump 28%

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1233204864-e1723559548129.jpg?w=2048

On sales jumped from a year earlier in the second quarter to $654.5 million.

https://fortune.com/europe/2024/08/14/roger-federer-on-continues-to-push-against-rivals-nike-adidas-as-sales-jump-28-zendaya/


Polish billionaire ‘Locker King’ weighs legal action against Meta over deepfake ads

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1241007185-e1723557600543.jpg?w=2048

“It will be the long battle, and I want to find out how big are revenues from ads that use deepfakes for fraudulent purposes."

https://fortune.com/europe/2024/08/14/polish-billionaire-locker-king-weighs-legal-action-against-meta-over-deepfake-ads-rafal-brzoska/


Southwest investor asked the board to dump its CEO over the airline’s struggles. Now it wants to oust the board.

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-693577898-e1723595980672.jpg?w=2048

The launch of a proxy fight marks a major escalation by Elliott Investment Management after building a large stake in Southwest earlier this year.

https://fortune.com/2024/08/13/southwest-investor-ceo-board-elliott-singer/


First Energy dodges criminal charges with $20 million payout in sprawling corruption case

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-523116590-e1723595502919.jpg?w=2048

FirstEnergy admitted to its role in the bribery scheme as part of a July 2021 deferred prosecution agreement with the U.S. Department of Justice and it agreed to pay another $230 million in penalties.

https://fortune.com/2024/08/13/first-energy-dodges-criminal-charges-million-bribery-corruption-ohio/


Elderly Americans lose $28 billion a year to scams, and some are fighting back by learning to spot deepfakes, AI, and misinformation

https://fortune.com/img-assets/wp-content/uploads/2024/08/AP24220579109047-e1723594170362.jpg?w=2048

Older adults find themselves in a unique moment with technology.

https://fortune.com/2024/08/13/elderly-boomer-scam-ai-deepfake-misinformation/


Trump praised Elon Musk for firing striking workers, sparking a clash with the UAW

https://fortune.com/img-assets/wp-content/uploads/2024/08/GettyImages-1245631304-e1723593071949.jpg?w=2048

UAW President Shawn Fain, whose union has endorsed Democrat Kamala Harris, said in a statement that Trump is anti-labor.

https://fortune.com/2024/08/13/trump-praised-elon-musk-firing-works-labor-uaw-kamala-harris/