Retail sales disappoint in April, unchanged from previous month

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24135678015937.jpg?w=2048

There have been some hints that the Federal Reserve’s campaign to cool inflation by reining in spending may be taking hold.

https://fortune.com/2024/05/15/retail-sales-april-flat-inflation-economy-consumer-spending/


Social media spurred the last banking crisis. Can it prevent the next one?

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1248916306-e1715709405337.jpg?w=2048

A U.S. banking regulator is working with an intelligence firm to monitor social media platforms like Twitter and Discord for risk ahead of potential runs.

https://fortune.com/2024/05/15/banking-crisis-regulator-social-media-run-twitter-inca/


OpenAI's leadership shakeup continues as another of Sam Altman’s chiefs follows Ilya Sutskever out the door within hours

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1258459915-e1715773183917.jpg?w=2048

Fears are mounting that the company's AI safety team is gradually being hollowed out following a string of high-profile departures.

https://fortune.com/2024/05/15/openai-sam-altman-ilya-sutskever-jan-leike/


Monzo founders says American dream is 'antithetical to British culure' where 'know your place attitude prevails

https://fortune.com/img-assets/wp-content/uploads/2024/05/MixCollage-15-May-2024-12-50-PM-3118.jpg?w=2048

University undergrads in the U.S. are pitching Tom Blomfield startup ideas, while he says British PhDs are just going to McKinsey.

https://fortune.com/europe/2024/05/15/monzo-founder-tom-blomfield-american-dream-antithetical-british-culture-know-your-place-attitude-kills-innovation/


Higher air ticket prices aren't dampening travel demand as TUI narrows losses ahead of shifting its listing from London to Frankfurt

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2115789048-e1715769778746.jpg?w=2048

People's travel appetite is higher than before—and that's driving TUI's business in Europe and beyond.

https://fortune.com/europe/2024/05/15/air-ticket-prices-travel-demand-tui-losses-shifting-listing-germany/


College grads need $99,081 salary offer to change jobs, New York Fed survey says

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1073867554-e1715772788153.jpg?w=2048

The silver lining for employers: Six-figure salary jobs are hard to come by.

https://fortune.com/2024/05/15/college-grads-salary-new-york-fed-survey-of-consumer-expectations/


Africa’s car-making juggernaut prepares to capitalize on global race to produce affordable EVs at scale

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As Europe works to phase out combustion engines over the next decade, automakers like Renault are preparing to adapt in Morocco.

https://fortune.com/2024/05/15/morocco-africa-car-factory-ev/


U.K. tax authority HMRC kept Brits on hold for nearly 800 years last fiscal year—and it’s getting worse

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1992273488-e1715765575858.jpg?w=2048

Advisors from HMRC answered just 20.5 million out of 38 million calls between 2022 and 2023.

https://fortune.com/europe/2024/05/15/british-tax-authority-hmrc-customer-service-delays-phone-800-years-getting-worse/


British billionaire Joe Lewis' pilot pleads guilty to tax evasion

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In 2019 Lewis loaned his pilots $500,000 each to buy Mirati shares ahead of the trial results being made public.

https://fortune.com/europe/2024/05/15/british-billionaire-joe-lewis-pilot-pleads-guilty-tax-evasion-insider-trading/


Chuck Schumer-led group calls for $32 billion emergency spending on AI over next three years

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2151531039-e1715765207736.jpg?w=2048

The bipartisan group of senators said that regulation and incentives for innovation are urgently needed in a new 33-page report.

https://fortune.com/2024/05/15/chuck-schumer-group-ai-report/


EU inflation is surprising everyone—helping its economy catch up with the U.S.

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1178139406-e1715699247437.jpg?w=2048

The EU is beating the Fed to the punch on interest rate cuts, and it's going to make for a rosy end to the year on the continent.

https://fortune.com/europe/2024/05/15/european-inflation-surprising-downside-helping-economy-catch-up-us-morgan-stanley/


Burberry follows Gucci-owner Kering on downward sales trend as consumers snub mid-market luxury fashion

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2023531767-e1715762133395.jpg?w=2048

The Asia Pacific and Americas regions performed the worst for Burberry last quarter, with sales sliding by 17% and 12% respectively.

https://fortune.com/europe/2024/05/15/burberry-sales-fall-gucci-kering-mid-market-luxury-fashion-consumers/


Social media users are 'blocking out' celebrities over inaction around the Israel-Hamas war

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Attention to what celebrities and influencers were, or weren't, saying got a boost after the Met Gala.

https://fortune.com/2024/05/15/israel-hamas-war-blockout/


After vanquishing Trump in court, E. Jean Carroll said women could decide the presidential election

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The journalist and author spoke at a gathering of Fortune’s Most Powerful Women.

https://fortune.com/2024/05/15/ejean-carroll-women-decide-presidential-election-triumph/


What Medicare beneficiaries need to know about generic medications

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If you think all generics are the same regarding side effects, manufacturing quality, price, and Part D prescription-drug coverage, you’re mistaken.

https://fortune.com/well/article/medicare-generic-medications/


44% of Americans feel they’ve lost time to poor mental health, survey says. It’s worse for people with depression or anxiety

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Among respondents diagnosed with depression and/or anxiety, 50% said they’ve lost years of their life to mental illness.

https://fortune.com/well/2024/05/14/poor-mental-health-anxiety-depression-lost-time-years-decades-survey/


Whistleblower says EPA tried to backdate documents and altered reports in Norfolk Southern train crash: 'I think they chose not to know.'

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24135222081648-e1715734234131.jpg?w=2048

The East Palestine train derailment was handled differently than the 180 other times a government plane has been deployed after an accident since 2001.

https://fortune.com/2024/05/14/whistleblower-epa-ohio-train-crash-forge-backdate/


TikTok creators revolt against ban

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The creators are asking the court to issue a declaration saying the law is unconstitutional.

https://fortune.com/2024/05/14/tiktok-footing-bill-creator-lawsuit-ban/


Boeing violated a deal that allowed it to sidestep criminal prosecution. Now, charges could be back on the table

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2147882390-e1715731818250.jpg?w=2048

Boeing reached a $2.5 billion settlement with the Justice Department in January 2021 to avoid prosecution.

https://fortune.com/2024/05/14/boeing-criminal-charges-violating-deal-regulators/


Key player in on-again, off-again ouster of OpenAI CEO Sam Altman is leaving the company

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1258459705-e1715729937826.jpg?w=2048

OpenAI chief scientist Ilya Sutskever is departing the artificial intelligence giant.

https://fortune.com/2024/05/14/openai-chief-scientist-ilya-sutskever-is-leaving-sam-altman/


Crewmember mistakenly caused the ship's engine to stall hours before a blackout led to the Baltimore Bridge collapse

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Investigators are working with Hyundai, the manufacturer of the ship’s electrical system, to determine the causes of the blackouts.

https://fortune.com/2024/05/14/baltimore-bridge-collapse-crewmember-blackout-hyundai-engine-stall-power-demolish/


Driver in crash that killed 8 and injured 40 arrested and charged with DUI-manslaughter

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The 41-year-old has previous arrests for driving with a suspended license, leaving the scene of an accident, and marijuana possession.

https://fortune.com/2024/05/14/driver-arrested-dui-manslaughter-marijuana-florida-migrants/


Airlines sue U.S. Transportation Department over fee disclosure mandate

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The lawsuit comes two weeks after the Department of Transportation finalized a mandate requiring airlines to quickly refund canceled flights and stop hiding junk fees.

https://fortune.com/2024/05/14/airlines-for-america-department-transportation-lawsuit-fee-disclosure-mandate-joe-biden/


Chicken wings for the win: How high prices are changing the menu

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Lower-income customers are pulling back as the price of dining out and cooking-in continues to increase.

https://fortune.com/2024/05/14/consumer-prices-outlook-chicken-wings-budget-menu/


The juice isn’t worth the squeeze for many college majors, new report reveals: Lifetime earnings simply can’t keep up with the cost of degrees

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-532462384-e1715718213278.jpg?w=2048

30% of bachelor’s degrees cost more than what they pay out in a lifetime, a new analysis finds.

https://fortune.com/2024/05/14/college-majors-lifetime-earnings-trade-school-return-on-investment/


Becoming a nutritionist is one of the most complicated educational paths. Here’s 4 steps you need to know

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Nutritionists are in demand, but the educational path is very complicated.

https://fortune.com/education/articles/how-to-become-a-nutritionist-without-a-degree/


How to watch, stream the first games of WNBA season live online free without cable

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2151714246-e1715696458901.jpg?w=2048

The Indiana Fever are suddenly the hottest team in sports.

https://fortune.com/2024/05/14/watch-stream-wnba-caitlin-clark-season-opener-2024-live-online-free-without-cable-start-time-what-channel-espn-league-pass/


‘Stay tuned’: White House hints it will hit Chinese EVs with even higher tariffs if they’re made in Mexico

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President Joe Biden on Tuesday directed the office of the U.S. Trade Representative to impose a total tariff in excess of 102% on Chinese EVs.

https://fortune.com/2024/05/14/tariffs-china-electric-vehicles-mexico-stay-tuned/


Jerome Powell says it’s ‘different this time’—and Americans and their mortgage rates are a key reason why

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But the Fed chair "wouldn't call it hot," saying the wholesale inflation report was "sort of mixed."

https://fortune.com/2024/05/14/jerome-powell-economy-different-this-time-housing-mortgage-rates-inflation/


Rich Gen Xers are outpacing baby boomers in buying vacation homes

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Interest in second homes hasn’t been this low in almost a decade, according to Redfin.

https://fortune.com/2024/05/14/housing-market-outlook-vacation-homes-housing-costs-redfin/


McDonald's may be willing to lose money on $5 meal deals if it means winning back disgruntled cash-strapped customers

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CEO Chris Kempczinski has put a recent emphasis on affordability as low-income diners turn away from the golden arches.

https://fortune.com/2024/05/14/mcdonalds-5-dollar-meal-deal-inflation-mcflation-chris-kempczinski/


AI will hit the labor market like a ‘tsunami,’ IMF chief warns. ‘We have very little time to get people ready for it’

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2149116462-e1715704831129.jpg?w=2048

It could also lead to more misinformation and inequality, Kristalina Georgieva warned.

https://fortune.com/2024/05/14/ai-tsunami-imf-chief-labor-market-job-loss/


Why experts aren’t panicking about the latest jump in producer price inflation

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Downward revisions to March’s inflation data indicate the latest producer price index isn’t as bad as it seems.

https://fortune.com/2024/05/14/producer-price-inflation-april-reaction-experts/


'Absolutely stunning': Food safety experts amazed as raw milk sales surge amid budding bird flu crisis

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2150341583-e1715701544481.jpg?w=2048

One 75-year-old has raised generations on raw milk because she thinks 'it's so healthy' despite mountain of evidence it isn't. She isn't alone.

https://fortune.com/2024/05/14/bird-flu-raw-milk-sales-absolutely-stunning/


Bumble apologizes for saying ‘a vow of celibacy is not the answer,’ plans donations to National Domestic Violence Hotline and other causes to support women

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24135091991513-e1715702537314.jpg?w=2048

Bumble said it was a mistaken attempt to “lean into a community frustrated by modern dating."

https://fortune.com/2024/05/14/bumble-apologizes-celibacy-ad-women-angry-dating-apps/


Chinese EVs are coming to 9 European countries as part of a joint venture with auto-making giant Stellantis

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“We expect to bring a significant boost to the international sales of these models,” Stellantis CEO Carlos Tavares said.

https://fortune.com/europe/2024/05/14/stellantis-leapmotor-joint-venture-chinese-electric-vehicles-europe/


Red Lobster shut down nearly 50 locations and it's quickly auctioning off the contents

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-478109524-e1715696423718.jpg?w=2048

Unexpected shutdowns come as possible bankruptcy looms.

https://fortune.com/2024/05/14/red-lobster-closing-48-stores-auction/


Nearly one-fifth of Americans have ‘maxed out’ their credit cards as inflation and high interest rates push delinquencies to 3-year high

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2048801798-e1715690838836.jpg?w=2048

Credit card debt is growing at an "alarming" pace.

https://fortune.com/2024/05/14/americans-debt-credit-cards-inflation-interest-rates/


Shein and Abercrombie are disrupting the $14 billion bridal gown market with cheap dresses—but where brides save, the world is paying full price

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-579304567-e1715696784670.jpg?w=2048

Fast-fashion, a notoriously wasteful industry, is now offering bridal collections.

https://fortune.com/2024/05/14/shein-abercrombie-bridal-gowns-dresses-environment-impact-forever21-lulus-fashion/


Inflation just won't quit as wholesale prices rise at the fastest rate in a year

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The Fed  "has virtually no standing to entertain rate cuts this summer," said one economist.

https://fortune.com/2024/05/14/inflation-wholesale-prices-ppi-fastest-rate-in-a-year/


Chase Ultimate Rewards: Everything you need to know in 2024

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1324872021-e1715095225970.jpg?w=2048

With high point values, a wide menu of redemption options and plenty of sales and bonuses, Chase Ultimate Rewards provides a “four-star” rewards experience.

https://fortune.com/recommends/credit-cards/chase-ultimate-rewards-guide/


7,000 French artists demand fair pay from streamers like Netflix and Disney, citing a 5-year-old law

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1778877653-e1715690063719.jpg?w=2048

French artists want to be paid based on views, in an argument with striking similarities to last year's $6 billion SAG-AFTRA strike.

https://fortune.com/europe/2024/05/14/7000-french-artists-demand-fair-pay-netflix-disney-law-hinting-actors-strike/


Tesla—which never buy ads—is buying ads to promote Elon Musk’s record $52 billion pay deal days before key shareholder vote

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2151277359-e1715687160915.jpg?w=2048

Musk blasted advertising as 'manipulating public opinion', but when it comes to his compensation package, he's not taking any risks.

https://fortune.com/2024/05/14/tesla-elon-musk-ceo-compensation-pay-shareholder-vote-agm-advertising/


24/7 trading is already in full swing. Now Wall Street is considering ditching the opening and closing bells altogether

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2126121456-e1715687579822.jpg?w=2048

Outside U.S. market hours, major listed stocks continue to trade through dual listings in exchanges or as unregistered securities in foreign markets.

https://fortune.com/2024/05/14/24-7-trading-wall-street-stock-market-opening-closing-bell-finance-tech/


Anglo American hopes selling De Beers will fend off takeover bids after BHP’s $43 billion offer—but it might do the opposite

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Anglo American is getting "rid of a lot of the fat that someone like BHP wouldn't want," making it more appealing, one analyst said.

https://fortune.com/europe/2024/05/14/anglo-american-takeover-bid-worlds-largest-miner-bhp-restructuring/


Archegos hedge fund founder Bill Hwang goes on trial for allegedly inflating stock values

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24134796821921-e1715685619616.jpg?w=2048

Hwang is on trial along with his former CFO Patrick Halligan.

https://fortune.com/2024/05/14/archegos-hedge-fund-founder-bill-hwang-trial-inflating-stock-values-meltdown-cost-banks-brokerages/


Overcapacity is a ‘fake concept’, says the international head of a major Chinese carmaker: ‘They don’t know what is happening in my house’

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2105340646-e1715683737701.jpeg?w=2048

Chinese EV makers are pushing back against the idea that their success in making affordable cars is due to state help.

https://fortune.com/asia/2024/05/14/overcapacity-fake-concept-china-ev-great-wall-motor-us-europe-state-support/


Gen Z really do have it worse: Those in their early 20s are earning less and have more debt than millennials did at their age

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1325267983-e1715681903675.jpg?w=2048

With higher expenses and less money to pay for it all, 14% of Gen Zers are “extremely stressed out”, compared to just 8% of millennials in 2013.

https://fortune.com/2024/05/14/gen-z-early-20s-earning-less-more-debt-millennials-transunion/


$6bn California agricultural company founded by Biden and Newsom donors sues state to stop a law meant to help farmworkers unionize

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24134843173254-e1715682680508.jpg?w=2048

The action by the Wonderful Co. comes as it battles the United Farm Workers over a newly formed UFW local of 640 workers at one of its businesses.

https://fortune.com/2024/05/14/california-agricultural-wonderful-company-biden-newsom-donors-sues-law-farmworkers-unionize/


Uber stokes monopoly fears with plan to pay almost $1bn for its only major food delivery competitor in Taiwan

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1754862834-e1715680578250.jpg?w=2048

Uber, whose meal delivery business outperformed globally during the most recent quarter, aims to complete the all-cash deal by the first half of 2025.

https://fortune.com/asia/2024/05/14/uber-monopoly-fears-pay-1bn-delivery-hero-food-delivery-competitor-taiwan/


Switzerland shouldn't follow Europe's lead on tax, says Roche CEO

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1968671907-e1715678773771.jpg?w=2048

Europe is falling behind China and the U.S. in competitiveness, according to Thomas Schinecker, Roche CEO.

https://fortune.com/europe/2024/05/14/switzerland-tax-europe-lead-roche-ceo-thomas-schinecker-compete-dubai-china-india/


Emmanuel Macron woos Wall Street as he tries to position Paris as Europe’s top financial hub, calling Basel banking regulations 'a killer for risk taking'

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2152250578-e1715677864499.jpg?w=2048

The push to lure more business to Paris has translated into more than 7,000 extra jobs in the financial sector between 2017 and 2022.

https://fortune.com/europe/2024/05/14/paris-emmanuel-macron-wall-street-basel-regulations-europes-top-financial-hub/


BYD has been frozen out of the U.S. market so it’s debuting its first hybrid pickup truck in Mexico

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2152729589-e1715677641149.jpg?w=2048

While BYD has said previously the Shark will be distributed globally, the automaker doesn’t have any plans to sell in the U.S. at the moment.

https://fortune.com/asia/2024/05/14/byd-us-market-debuting-first-hybrid-pickup-truck-shark-mexico/


Vodafone turnaround: $11.9 billion earnings and a return to growth in Germany, but 'much more still needs to be done'

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2060423726-e1715675956407.jpg?w=2048

Vodafone is increasing its focus on the German market and exiting unprofitable ones, as part of CEO Della Valle’s turnaround strategy.

https://fortune.com/europe/2024/05/14/vodafone-turnaround-earnings-growth-germany/


32-year-old mother who dropped out of the workforce is back as state starts funding day care with oil lease money

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24128816558019-e1715676549479.jpg?w=2048

States have expanded free preschool and early education and helped more families pay for child care, making it low-cost or even free for many

https://fortune.com/2024/05/14/32-year-old-mother-dropped-out-workforce-back-state-funding-day-care-oil-lease-money/


A group representing Cargill and Archer-Daniels-Midland pushes a surprising target for the next set of U.S. tariff hikes: used cooking oil from China

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1243838504-e1715670261791.jpeg?w=2048

U.S. producers worry that a flood of used cooking oil from China could lower demand for crops used in biofuels.

https://fortune.com/asia/2024/05/14/used-cooking-oil-imports-from-china-pushed-next-target-us-tariffs-biofuels/


What this tech exec wants you to know about infertility and work

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1400705869-e1715372605440.jpg?w=2048

"My coworkers hadn’t a clue of what I was going through."

https://fortune.com/well/article/infertility-at-work/


Bumble fumbles anti-celibacy ads, kickstarting social-media debacle

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1691255268-e1715647263369.jpg?w=2048

The company apologized and said it would donate its ad space to the National Domestic Violence Hotline.

https://fortune.com/2024/05/13/bumble-fumbles-anti-celibacy-ads-after-social-media-debacle/


Chinese-backed crypto firm must sell Wyoming land plot and get rid of equipment possibly capable of 'espionage activities,' says President Biden

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2151496868-e1715642506568.jpg?w=2048

The government directed the sale of the property within 120 days, and that within 90 days the company remove all structures and equipment on the site.

https://fortune.com/2024/05/13/chinese-crypto-firm-forced-nuclear-missile/


Oregon residents were deprived of rare bourbons, including Pappy Van Winkle's 23-year-old whiskey, by alcohol agency staff

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-951529436-e1715641035892.jpg?w=2048

Oregon officials deprived members of the public of the expensive booze, an internal investigation found.

https://fortune.com/2024/05/13/oregon-deprived-pappy-van-winkle-bourbon-whiskey/


The collapsed Baltimore bridge is finally demolished as explosives clear steel section off grounded ship, sending wall of water to Dali

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24134761140981-e1715636118174.jpg?w=2048

The controlled demolition will allow the Dali to be refloated and restore traffic through the port as the cleanup enters its final stages.

https://fortune.com/2024/05/13/baltimore-bridge-collapse-demolished-francis-scott-key-explosives-grounded-ship-dali/


Shein vowed in 2022 that it would improve working conditions and hours at suppliers, but a new study claims that nothing has changed

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1813819526-e1715633168977.jpg?w=2048

The fast fashion retailer previously said it would invest $15 million to improve worker conditions.

https://fortune.com/2024/05/13/shein-china-supplier-working-conditions-excessive-hours-public-eye-report/


Lab-grown red meat for the base: GOP governors have a new culture-war scapegoat

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2141961135-e1715627962148.jpg?w=2048

“Florida is fighting back against the global elite's plan to force the world to eat meat grown in a petri dish or bugs to achieve their authoritarian goals,” Florida Gov. Ron DeSantis said, before Alabama followed suit.

https://fortune.com/2024/05/13/lab-grown-red-meat-gop-culture-florida/


GameStop short sellers were up $400 million last month, but now they're down $1.4 billion after the stock nearly tripled in May

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1230829834-e1715628323903.jpg?w=2048

Short sellers that bet against GameStop were up an estimated $400 million from January to April, according to S3 Partners data.

https://fortune.com/2024/05/13/gamestop-stock-gme-short-sellers-gains-losses-1-billion-meme-stocks/


Sweetgreen beats ‘sad desk salad’ vibes to soar above fast-food competitors. It can thank fancy foods, high prices—and robots

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1236642889-e1715624443851.jpg?w=2048

The salad chain's robot-enhanced locations are significantly more profitable than the company average.

https://fortune.com/2024/05/13/sweetgreen-earnings-automation-infinite-kitchen-steak-profit/


OpenAI debuts a speedier model for powering ChatGPT and more free features

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1934287301-e1715625415927.jpg?w=2048

The updates are supposed to make the chatbot better at handling text, audio and video in real-time.

https://fortune.com/2024/05/13/openai-ai-model-gpt-4o-sam-altman/


How tech lost Gen Z

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1366624430-e1715623955107.jpg?w=2048

The internet generation should have been clamoring for Silicon Valley but layoffs and economic instability make them turn to the government for recession-proof gigs

https://fortune.com/2024/05/13/how-tech-lost-gen-z/


Chinese EV maker Zeekr is making inroads into Wall Street—it’s now listed on the New York Stock Exchange, and traders are piling in

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1788971223-e1715618881676.jpg?w=2048

Investors appear to disregard concerns over an expected quadrupling of China EV import tariffs.

https://fortune.com/2024/05/13/zeekr-stock-ipo-zk-electric-vehicles-china-byd-tesla-biden-tariffs/


Caitlin Clark really is the new Larry Bird—when it comes to race and basketball

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24106829265726.jpg?w=2048

Though Clark hasn't said anything to fuel the Black-white narrative surrounding her meteoric rise, talks about a double standard are being had.

https://fortune.com/2024/05/13/caitlin-clark-new-larry-bird-race-basketball-athletes/


Melinda French Gates is leaving the Gates Foundation 3 years after her divorce

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1258986825.jpg?w=2048

“This is not a decision I came to lightly,” French Gates posted on the X platform on Monday.

https://fortune.com/2024/05/13/melinda-french-gates-foundation-divorce/


GameStop and memecoins soar as ‘Roaring Kitty’ hints at comeback

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1306382120-e1715614158611.jpg?w=2048

Meme markets were buzzing following Keith Gill’s return because of his role in the January 2021 short squeeze of video game retailer GameStop.

https://fortune.com/crypto/2024/05/13/gamestop-and-memecoins-soar-as-roaring-kitty-hints-at-comeback/


Apple says privacy is a ‘core value.’ Tim Cook shouldn’t compromise it to bridge the gap on AI

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1660560423.jpg?w=2048

Apple says privacy is a ‘core value.’ Tim Cook shouldn’t compromise it to bridge the gap on AI

https://fortune.com/2024/05/13/apple-says-privacy-is-a-core-value-tim-cook-shouldnt-compromise-it-to-bridge-the-gap-on-ai/


'Sinister dollar strength' could wreak havoc across emerging markets and is already hitting top economies, Goldman Sachs warns

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-695715706-e1715613990808.jpg?w=2048

“If we do see that kind of more malign or more sinister dollar strength, you will see more weakness in the most fragile parts of the world.”

https://fortune.com/2024/05/13/dollar-dominance-sinister-strength-emerging-markets-top-economies-brazil-mexico/


Porsche is about to debut a hybrid 911 model

https://fortune.com/img-assets/wp-content/uploads/2024/05/porshe-911-e1715608525231.jpg?w=2048

New model will make its debut later this month.

https://fortune.com/2024/05/13/porsche-hybrid-911-model/


Anti-capitalist protesters storming Musk’s factory is the latest sign Tesla has a serious problem in Germany

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1387431806-2-e1715603816950.jpg?w=2048

Tesla sales volumes in Germany last month were so low, even Mitsubishi and Suzuki managed to outsell Elon Musk's carmaker.

https://fortune.com/europe/2024/05/13/elon-musk-tesla-germany-protests-gruenheide-factory-berl/


Employees have a once-in-a-generation chance to reimagine work—and they’re using it to demand an ‘emotional salary’

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1369408412-e1715611912783.jpg?w=2048

Compensation might be the biggest driving factor in the job hunt right now–but stability, flexibility, and fulfillment still influence retention.

https://fortune.com/2024/05/13/employees-generation-chance-to-reimagine-work-demand-emotional-salary-careers/


Roaring Kitty returns and GameStop shares skyrocket

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1231271105-e1715608473290.jpg?w=2048

Shares zoom over 80%.

https://fortune.com/2024/05/13/roaring-kitty-return-gamestop-stock-surge/


America proudly celebrates Mother’s Day but it’s still the only industrialized company to lack a national paid maternity leave policy

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24131617925657-e1715610246755.jpg?w=2048

Just 27% of civilian workers in the U.S. get paid family leave, according to the latest data from the Bureau of Labor Statistics.

https://fortune.com/2024/05/13/mothers-day-paid-leave-economy-policy-time-off/


Citi launches Strata Premier Card, a refresh of the Citi Premier

https://fortune.com/img-assets/wp-content/uploads/2024/05/Recommends_Citi-Strata-e1715264102502.jpg?w=2048

The Citi Strata Premier Card comes with more rewards and enhanced benefits.

https://fortune.com/recommends/credit-cards/citi-strata-premier-card-news/


AI created a replica of woman's voice after illness took it away

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1458045238-e1715602147200.jpg?w=2048

Trained on a 15-second time capsule of her teenage voice — sourced from a cooking demonstration video she recorded for a high school project — her synthetic but remarkably real-sounding AI voice can now say almost anything she wants.

https://fortune.com/2024/05/13/alexis-lexi-bogan-ai-replica-voice/


Gordon Ramsay spends extra $7.6 million on staff as restaurant empire losses triple

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2146671340-e1715599524661.jpg?w=2048

Ramsay forked out millions on restaurant openings, but says he hasn't seen the restaurant industry so vibrant in 26 years.

https://fortune.com/europe/2024/05/13/gordon-ramsay-tv-chef-staff-uk-restaurant-empire-losses-triple/


Ex-Peloton director says disclosing pregnancy hit job prospects: ‘100% of the companies I told went from scheduling interviews to declining to bring me in for a final round’

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1419239018-e1715597829752.jpg?w=2048

Kate Winick was reassured that "companies just want to hire the right people" after being laid off from her director role at Peleton last year while pregnant—she's still job hunting.

https://fortune.com/2024/05/13/ex-peloton-director-kate-winick-disclosing-pregnancy-hit-job-prospects-scheduling-interviews-final-round/


Smartphone giant Xiaomi is making a new move on Tesla

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2151868758-e1715597589665.jpg?w=2048

An SUV would mark a big expansion of Xiaomi’s $10 billion EV endeavor, spearheaded personally by billionaire co-founder Lei Jun.

https://fortune.com/asia/2024/05/13/smartphone-giant-xiaomi-tesla-selling-suv-model-y-2025/


Global megarich are paying up to $2 million a week for superyacht rentals but smaller boat charters are down

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-864197582-e1715591935495.jpg?w=2048

IYC CEO Raphael Sauleau said he’s seeing more customers willing to pay a higher premium for the ultimate ocean experience.

https://fortune.com/europe/2024/05/13/super-yacht-rentals-megarich-smaller-charters/


Bernie Sanders urges Novo Nordisk to lower its drug prices

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2135900023-e1715590269879.jpg?w=2048

Sanders said that he admires Denmark’s welfare system and said that Novo charges roughly ten times more for Ozempic in the U.S. compared with European countries.

https://fortune.com/europe/2024/05/13/bernie-sanders-novo-nordisk-lower-drug-prices-ozempic-wegovy/


Disney’s ‘Planet of the Apes’ reboot swings past box-office projection with $56.5M opening

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2150206104-e1715590634509.jpg?w=2048

Disney CEO Bob Iger has made building the film group back to past form a key focus of his second tenure since returning to the company.

https://fortune.com/2024/05/13/disney-kingdom-of-the-planet-of-the-apes-box-office/


China is still waiting for its 'ChatGPT moment', says AI expert Kai-Fu Lee: 'For Americans, the moment happened 17 months ago'

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1930233268-e1715580941303.jpeg?w=2048

"Until now, none of the Chinese chatbots or tools have been good enough," Kai-Fu Lee, who launched his own AI startup 01.AI last year, says.

https://fortune.com/asia/2024/05/13/china-still-waiting-for-chatgpt-moment-kai-fu-lee-ai-expert-wanzhi-chatbot-openai/


London’s Canary Wharf shows the future of work is about more than just the office

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2151446276-e1715351673750.jpg?w=2048

Londoners might have divided opinions on Canary Wharf, but it's evolved through the ages—and will likely continue to.

https://fortune.com/europe/2024/05/13/london-canary-wharf-business-district-future-of-work-more-than-office/


Joe Biden will double, triple and quadruple tariffs on some Chinese goods, with EV duties jumping to 102.5% from 27.5%

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2152075520-e1715555258780.jpg?w=2048

Biden will target key sectors including electric vehicles, batteries, solar cells, steel and aluminum.

https://fortune.com/2024/05/12/joe-biden-us-tariffs-chinese-goods-electric-vehicle-duties-trump/


Workers at the first Apple Store to unionize just voted for the first strike against the iPhone maker’s retail business

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1244454389-e1715553879790.jpg?w=2048

No date was set for the strike. The vote followed what the union called “over a year of negotiations with Apple management that yielded unsatisfactory outcomes.”

https://fortune.com/2024/05/12/apple-store-strike-vote-first-workers-union-towson-organized-labor/


The collapsed Baltimore bridge will be demolished soon, and the crew of the ship that’s trapped underneath will be onboard when the explosives go off

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24133730126938-e1715551510532.jpg?w=2048

The Dali is currently scheduled to be refloated during high tide on Tuesday, officials said Sunday.

https://fortune.com/2024/05/12/baltimore-bridge-collapse-demolition-francis-scott-key-dali-cargo-ship-crew-explosives/


The housing crisis in the U.S. is flipped upside down in Japan, where each home that's occupied could be next to an empty one by 2033

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1027822838-e1715545820375.jpg?w=2048

The number of vacant residential properties in Japan has hit 8.99 million, an increase of 500,0000 from 2018 and an 80% surge from 20 years ago.

https://fortune.com/2024/05/12/housing-market-crisis-us-vs-japan-vacant-homes-abandoned-properties/


Here are horror stories about super-rich tenants who can afford to buy luxury property in Manhattan but choose to rent instead

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-870169794-e1715537935280.jpg?w=2048

"They’re very wealthy, and it’s very challenging to nail them down, as they also have the assets to fight.”

https://fortune.com/2024/05/12/luxury-housing-market-super-rich-tenants-rent-vs-own-manhattan/


Armed with the mighty dollar, Americans are rushing to go on cheap vacations overseas—and it's hurting the U.S. economy, Wells Fargo says

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1057205534-e1715532004875.jpg?w=2048

A gauge of American tourism overseas recently hit its highest level since 2005, when the U.S. dollar was also strong.

https://fortune.com/2024/05/12/dollar-dominance-americans-cheaper-vacations-overseas-us-economic-outlook-trade-deficit/


Just 1 company appears to meet requirements in several states eyeing AI-powered surveillance to spot school shooters. ‘Probably the most egregious thing that I have ever read’

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24131667941876-e1715530081959.jpg?w=2048

ZeroEyes is a rapidly growing firm founded by military veterans after the fatal shooting at Marjory Stoneman Douglas High School in Florida.

https://fortune.com/2024/05/12/school-shooter-ai-powered-surveillance-cameras-zeroeyes-state-budget-legislation/


First person to receive a genetically modified pig kidney transplant dies nearly 2 months later

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24133039794287-e1715528120712.jpg?w=2048

Massachusetts General Hospital said it didn't have any indication that the patient died as a result of the transplant.

https://fortune.com/2024/05/12/pig-kidney-transplant-first-recipient-dies-genetically-modified-animal-organ-xenotransplantation/


The Air Force is testing an AI-enabled alternative to GPS navigation that taps into the Earth’s magnetic fields

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24124397275225-e1715527184750.jpg?w=2048

“We think we may have added an arrow to the quiver in the things we can do, should we end up operating in a GPS-denied environment. Which we will.”

https://fortune.com/2024/05/12/air-force-ai-enabled-alternative-gps-navigation-earth-magnetic-fields/


Donald Trump pledges tax cuts for ‘middle class, upper class, lower class, business class’ if wins a second term as president

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2152516349-e1715525750479.jpg?w=2048

“Instead of a Biden tax hike, I’ll give you a Trump middle class, upper class, lower class, business class big tax cut,” Trump said.

https://fortune.com/2024/05/12/donald-trump-tax-cuts-middle-upper-lower-business-class-presidential-election-biden/


Retail workers at an Apple store in New Jersey vote against unionizing in the first such defeat for the CWA

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1024798242-e1715524293248.jpg?w=2048

Employees at the store, located within a mall in upscale Short Hills, cast ballots Friday and Saturday in an election run by the US National Labor Relations Board.

https://fortune.com/2024/05/12/apple-store-retail-workers-new-jersey-vote-against-union-first-defeat-cwa/


The AI data center revolution is happening right in your backyard

https://fortune.com/img-assets/wp-content/uploads/2024/05/Datacenter.jpg?w=2048

I visited a new AI data center just outside New York City. Here’s what I saw.

https://fortune.com/2024/05/12/ai-data-center-what-does-it-look-like-orangeburg/


Meet the 81-year-old CEO who built a $10.4 billion luxury cruise line tailored just for baby boomers: ‘They’re the richest group we have around’

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-802694328-e1715371275644.jpg?w=2048

Torstein Hagen, who founded Viking 27 years ago, said he owes the company’s success in part to its “cookie cutter” philosophy.

https://fortune.com/2024/05/12/viking-cruises-torstein-hagen-luxury-baby-boomers/


A study found corporate recruiters have a bias against ex-entrepreneurs. They get stereotyped as not wanting to ‘be a small piece of the puzzle.'

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1759433520-e1715372714596.jpg?w=2048

In what’s referred to as the “entrepreneurship penalty,” former founders are much less likely to get a job interview.

https://fortune.com/2024/05/12/entrepreneur-founder-startup-hiring-interview-bias-recruiter-jobs/


79% of parents have drugged their kids to help them sleep

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-164413892-e1715378064649.jpg?w=2048

Millennials and Gen Z parents have resorted to this practice most, using melatonin, Benadryl—even prescriptions—to help their children at bedtime, Sleep Doctor finds.

https://fortune.com/well/2024/05/11/kids-sleep-aids-drugs-melatonin-ambien-thc/


Weaning off Ozempic slowly instead of quitting abruptly can help prevent patients from regaining weight, study says

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1429558470-e1715471332955.jpg?w=2048

These patients had reached their target weight and reduced their semaglutide dose over nine weeks.

https://fortune.com/2024/05/11/ozempic-wegovy-semaglutide-how-to-keep-weight-off-gradual-reduction/


Prosecutors seek 40-year sentence for man who broke into Nancy Pelosi's home and attacked her husband with a hammer

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1258955917-e1715468517717.jpg?w=2048

“There is nothing about the history and characteristics of the defendant that warrant leniency,” federal prosecutors wrote in court documents.

https://fortune.com/2024/05/11/nancy-pelosi-husband-paul-pelosi-attacker-david-depape-40-year-sentence/


South Dakota Gov. Kristi Noem is banned from nearly 20% of her own state as fight with Native American tribes heats up

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2151899368-e1715466996572.jpg?w=2048

Two more tribes banished her this week over comments she made earlier this year about tribal leaders benefitting from drug cartels.

https://fortune.com/2024/05/11/kristi-noem-banned-20-percent-south-dakota-native-american-tribes/


An auction for a private lunch with Marc Benioff raises $1.5 million in his first year replacing Warren Buffett, who netted $19 million for his final auction

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24132717573074-e1715464954343.jpg?w=2048

The weeklong eBay auction that raises money for the Glide Foundation in San Francisco wrapped up Friday night.

https://fortune.com/2024/05/11/marc-benioff-lunch-auction-charity-fundraiser-warren-buffett-berkshire-hathaway/


China's economy is headed for a 'dead-end,' and Beijing won't do anything to stop that, scholar says

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2151379575-e1715459180680.jpg?w=2048

"Years of erratic and irresponsible policies, excessive Communist Party control and undelivered promises of reform have created a dead-end Chinese economy of weak domestic consumer demand and slowing growth."

https://fortune.com/2024/05/11/china-economy-outlook-dead-end-exports-manufacturing-trade/


Trump is fighting an audit that could cost him over $100 million because he claimed 2 tax breaks for the same Chicago building

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2151798592-e1715458606799.jpg?w=2048

A massive trove of tax information obtained by ProPublica, covering thousands of America’s wealthiest individuals, reveals what’s inside the billionaires’ bag of tricks.

https://fortune.com/2024/05/11/donald-trump-tax-break-chicago-audit-100-million-propublica/


Target is selling a Black History Month quilt ‘inspired by’ designs from 5 women descended from enslaved people. It’s not clear how much money they got

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24054012783740.jpg?w=2048

Five quilters at Gee's Bend reaped limited financial benefits from the collection, which sold out in many stores.

https://fortune.com/2024/05/11/target-black-history-month-quilt-gees/


Meet the boomers who’d rather spend $100k to renovate their homes than risk the frozen housing market: ‘It would be too hard to purchase anything else’

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24130527157711-e1715456706478.jpg?w=2048

“The growing older demographic is more knowledgeable about renovations and planning for their future needs, especially as they prepare to age in place,” says a luxury bidet company exec.

https://fortune.com/2024/05/11/housing-market-mortgage-rates-lock-in-effect-boomer-renovations/


Jim Simons was a math and investing genius, but also a management whiz. Here are some of his lessons on leadership

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1130788718-e1715451477766.jpg?w=2048

“My biggest contribution was to hire great young people into the business,” Jim Simons said in 2019.

https://fortune.com/2024/05/11/jim-simons-renaissance-technologies-quant-investing-management-leadership-lessons/


Hedge fund billionaire Ken Griffin says college protests are the result of a ‘cultural revolution’ and Harvard should ’embrace our Western values’

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2151203774-e1715444247245.jpg?w=2048

"Harvard will embrace our Western values that have built one of the greatest nations in the world, foster those values with students, and ask them to manifest these values throughout the rest of their life.”

https://fortune.com/2024/05/11/ken-griffin-citadel-hedge-fund-billionaire-college-protests-israel-gaza-western-values/


Joe Biden's plan to slash $14 billion in credit-card late fees is halted by a federal judge in Texas

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2152075716-e1715442595203.jpg?w=2048

The new regulations that were proposed by CFPB would have set a ceiling of $8 for most credit card late fees, which average about $32 now.

https://fortune.com/2024/05/11/joe-biden-credit-card-late-fees-consumer-finance-protection-bureau-federal-judge-texas/


Autonomous cars could change century-old traffic signal system with addition of white lights, researchers say

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24124672952110-e1715441706630.jpg?w=2048

“When we get to the intersection, we stop if it's red and we go if it's green. But if the white light is active, you just follow the vehicle in front of you.”

https://fortune.com/2024/05/11/autonomous-cars-self-driving-artificial-intelligence-ai-traffic-signal-lights-white/


As U.S. debt soars past $34 trillion, Congress has killed off its plan to tackle the crisis

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24132040048315-e1715440550292.jpg?w=2048

"The consequences if we don’t act now are unbearable,” House Speaker Mike Johnson said about U.S. debt in October.

https://fortune.com/2024/05/11/us-debt-crisis-34-trillion-congress-commission-house-speaker-mike-johnson/


Apple is finalizing a deal with OpenAI to put ChatGPT on the iPhone, while talks with Google to use Gemini are ongoing

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1421692369-e1715438061386.jpg?w=2048

An OpenAI accord would let Apple offer a popular chatbot as part of a flurry of new AI features that it’s planning to announce next month.

https://fortune.com/2024/05/11/apple-openai-chatgpt-iphone-ios-18-google-gemini-ai-chatbot/


The cost-of-living crisis is so bleak that some Gen Zers genuinely fear becoming homeless

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1367469121-e1715366963228.jpg?w=2048

A new study from fintech Acorns finds almost one in four Americans are concerned their dire financial outlook could lead to homelessness.

https://fortune.com/2024/05/11/cost-of-living-crisis-gen-z-homeless-acorns-money-matters/


Forget airline miles—Gen Z and millennials are obsessed with nicotine pouch Zyn's lucrative rewards program, which includes $400 Apple watches and $600 Dyson AirWraps

https://fortune.com/img-assets/wp-content/uploads/2024/05/site-headers-18.png?w=2048

One woman was annoyed at her husband’s Zyn habit, but the rewards made her feel “like a kid in an arcade”

https://fortune.com/2024/05/11/zyn-rewards-nicotine-pouch-prizes-millennial-gen-z/


A record 4.1 million Americans may retire this year: Financial planners say they should take these 5 steps

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1466778749-e1715350910658.jpg?w=2048

"There's a big difference between a financially secure retirement and a happy retirement."

https://fortune.com/2024/05/11/record-number-americans-retire-2024-financial-planners-advice/


Which 2023 vintage wines should you buy? A trip through Bordeaux's vineyards

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1440497281-e1715335233534.jpg?w=2048

Should you buy now? The short answer is yes—if the price is right. But pick carefully.

https://fortune.com/europe/2024/05/11/which-2023-vintage-wines-buy-bordeaux-vineyards/


Fitness influencer gets candid out about having stage 4 colon cancer

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-903934188-e1715372078754.jpg?w=2048

"I want to create awareness that it can happen to anyone," says Maria Kang, 43.

https://fortune.com/well/article/colon-cancer-younger-people-maria-kang/


Financial stress is making us mentally and physically ill. Here’s how to cope

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1076802112-e1715365105446.jpg?w=2048

The latest research on the connection between money and the mind finds our finances even take a toll on our physical health. It’s a vicious cycle.

https://fortune.com/well/article/financial-stress-mental-health-physical-illness/


One of the most shorted stocks on the market just leapt 99%, putting a ‘rib-crunching’ squeeze on bearish bettors

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1241112231-e1715383076862.jpg?w=2048

Friday’s stock surge delivered paper losses of about $255 million to short sellers, according to data from S3 Partners LLC.

https://fortune.com/2024/05/10/novavax-stock-nvax-short-seller-squeeze-sanofi-covid-flu-vaccine/


Flavor Flav is the official hype man for the US women's water polo team in the Paris Olympics

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24131603544960-e1715378316858.jpg?w=2048

“One thing about me, I know what it feels like to want to see a dream come true,” Flavor Flav said.

https://fortune.com/2024/05/10/flavor-flav-public-enemy-us-women-water-polo-team-paris-olympics/


The ‘Quant King’ who shook the world of hedge funds with his secretive Renaissance Technologies has died at 86

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1130788686-e1715374689751.jpg?w=2048

Jim Simons, the mathematician-investor who created what many in finance consider the world’s greatest moneymaking machine, has died.

https://fortune.com/2024/05/10/jim-simons-obituary-renaissance-technologies-quant-king/


Real-estate billionaire Barry Sternlicht puts his finger on the ‘impossible’ thing holding Miami back from really becoming Wall Street south: the schools

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1240428211-e1715374274117.jpg?w=2048

Sternlicht moved his real estate company Starwood Capital Group to Miami in 2018, but he says a lot more companies want to “move down” and can’t.

https://fortune.com/2024/05/10/miami-wall-street-south-schools-billionaire-barry-sternlicht-impossible/


Philadelphia jury hits Exxon with $725.5 million verdict on mechanic’s claim that he got cancer from benzene exposure

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1241232981.jpg?w=2048

Exxon called the verdict “irrational” and said it would ask the court to reverse it before it becomes final.

https://fortune.com/well/2024/05/10/exxon-verdict-725-5-million-philadelphia-cancer/


After getting billions in federal funding Amtrak is ‘trying to claw 19th century and 20th century assets and pull them into the 21st century,’ CEO says

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1354419240.jpg?w=2048

Rail infrastructure in the U.S. faces a backlog of repairs worth billions of dollars.

https://fortune.com/2024/05/10/amtrak-upgrades-aging-rail-network-bridges-tunnels-infrastructure-bill-federal-funding/


4 years after removing Confederate names from high school, Virginia county votes to put them back

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24131548594097-e1715370017352.jpg?w=2048

Shenandoah County's school board voted 5-1 to rename Mountain View High School as Stonewall Jackson High School, and Honey Run Elementary as Ashby Lee Elementary.

https://fortune.com/2024/05/10/virginia-confederate-schools-names-restored-stonewall-jackson/


Inside a Harlem charter school's unprecedented plan to give students $10,000 to invest—'the parents will definitely lose their minds'

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1496192032-e1715367608237.jpg?w=2048

The goal of Harlem Children's Zone new program is to close the racial wealth gap.

https://fortune.com/2024/05/10/harlem-childrens-zone-wealth-builds-youth-opportunity-fund-students-invest/


Why have colorectal cancers jumped by 500% in kids?

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1282009872-e1715367079649.jpg?w=2048

“Colorectal cancer is no longer considered just a disease of the elderly population," noted a researcher.

https://fortune.com/well/2024/05/10/colorectal-cancer-cases-tripled-in-teens/


Target, still reeling from 2023’s spring backlash, won’t carry any Pride Month merchandise this year

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24131472782071-e1715366541732.jpg?w=2048

Target, which operates roughly 2,000 stores, said decisions about where to stock Pride-themed products would be based on “guest insights and consumer research.”

https://fortune.com/2024/05/10/target-pride-month-backlash-2024-lgbtq/


The last piece of private land in this strategic corner of the Arctic is on sale for $323 million as geopolitics and the climate heat up

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-534983214_7e71a5-e1715365663739.jpg?w=2048

“It’s truly the last chance to acquire property in the High Arctic.”

https://fortune.com/2024/05/10/climate-change-arctic-private-land-real-estate-sale-svalbard/


Renters need to make roughly $20,000 more a year to afford the typical rent than they did 5 years ago

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1871763199-e1715363821683.jpg?w=2048

“Since pre-pandemic, the income needed to afford rent has increased by 31.5%,” Zillow’s chief economist, Skylar Olsen, said.

https://fortune.com/2024/05/10/housing-market-outlook-renters-need-to-make-more/


Nintendo nominates 3 women to its Board of Directors

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1467064226-e1715350428173.jpg?w=2048

Company is 135 years old.

https://fortune.com/2024/05/10/nintendo-nominates-three-women-to-board-of-directors/


Planet Fitness is increasing the price of its 'classic' membership by 50%

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1767398024-e1715350442864.jpg?w=2048

“Black Club” membership prices will stay the same.

https://fortune.com/2024/05/10/planet-fitness-price-hike-classic-membership/


Inflation and unemployment fears send consumer sentiment tumbling to a 6-month low

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24131386222908-e1715354208903.jpg?w=2048

The University of Michigan’s consumer sentiment index dropped to 67.4 this month from a final reading of 77.2 in April.

https://fortune.com/2024/05/10/economic-outlook-inflation-unemployment-fear-may-consumer-sentiment-university-michigan/


Target's Pride Month presence will be subdued in 2024 after last year's protests

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1496446925-e1715350325650.jpg?w=2048

Company says it will carry merchandise only in “select stores”.

https://fortune.com/2024/05/10/target-pride-month-merchandise-2024/


Bumble founder says your dating 'AI concierge' will soon date hundreds of other people's 'concierges' for you

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1637465569-e1715350282772.jpg?w=2048

Bumble is now navigating itself in a world of AI—which means rethinking how humans will interact with each other in an increasing age of chatbots.

https://fortune.com/2024/05/10/bumbles-whitney-wolfe-herd-dating-concierge-artificial-intelligence/


BYD plots to overtake Tesla in Europe by 2030

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1644925828-e1715347149347.jpg?w=2048

BYD's Europe managing director plans to get around looming tariffs by building the ultra-cheap EVs on the continent.

https://fortune.com/europe/2024/05/10/byd-tesla-european-ev-market-chinese-carmaker-elon-musk-2030/


Upgrade OneCard: An All-Hassle Rewards Card

https://fortune.com/img-assets/wp-content/uploads/2024/02/Recommends_Upgrade-One-Card.jpg?w=2048

The Upgrade OneCard offers great rewards, but you have to jump through a lot of hoops to get them.

https://fortune.com/recommends/credit-cards/upgrade-onecard-review/


British used car startup Cazoo was once worth $7 billion. It’s since lost nearly 100% of its value and is flirting with bankruptcy—what went wrong?

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1231804329-e1715340790269.jpg?w=2048

The used car unicorn's journey from being a celebrated British startup to one nearing bankruptcy has a lot to do with timing.

https://fortune.com/europe/2024/05/10/british-used-car-cazoo-unicorn-7-billion-spac-administration-bankruptcy/


Should you give job applicants an assignment during the interview process? Be thoughtful about the ask

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2040410218-e1715280391220.jpg?w=2048

Assignments aren’t appropriate for all roles—and they should always be given with a clear reason for why they are needed.

https://fortune.com/2024/05/10/employers-hiring-job-seekers-test-assignment-interview/


Spotify’s podcast chief exits as the streamer pivots from its $1 billion bet on exclusivity deals

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-174032188-e1715341119941.jpg?w=2048

Julie McNamara has reportedly left the streaming giant to get back to her "creative roots" after Spotify pivoted its podcast strategy.

https://fortune.com/europe/2024/05/10/spotify-podcast-julie-mcnamara-exits-1-billion-bet-on-exclusivity-deals-joe-rogan-alex-cooper/


Shark Tank entrepreneur: E-commerce giants are eating my sister's lunch—and destroying the American Dream

https://fortune.com/img-assets/wp-content/uploads/2024/05/SharkTank.jpeg?w=2048

Although e-commerce platforms say they do their best to counter knockoffs, our experience proves the opposite.

https://fortune.com/2024/05/10/shark-tank-entrepreneur-e-commerce-giants-are-eating-my-sisters-lunch-and-destroying-the-american-dream/


Apple forced into rare apology for 'tone-deaf' iPad advert

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2147869280-e1715336289816.jpg?w=2048

Apple’s Tor Myhren said the Big Tech giant had "missed the mark" with the video released this week, and apologized to customers who called out the brand for its "tone-deaf" marketing.

https://fortune.com/2024/05/10/apple-apology-ipad-crush-advert/


SoftBank has sold off or written down $29 billion in U.S. Vision Fund assets as Masayoshi Son tries to get his mojo back by turning to AI and chips

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1716325141-e1715334380302.jpeg?w=2048

One project reportedly being considered by Softbank's CEO: a $100 billion chip venture to compete with Nvidia.

https://fortune.com/asia/2024/05/10/softbank-writes-down-us-vision-fund-assets-pivot-ai-chips-ceo-masayoshi-son/


Biden administration expected to impose sweeping tariffs on China strategic sectors

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2151661773-e1715333436290.jpg?w=2048

The decision is the culmination of a review of so-called Section 301 tariffs first put into place under Trump starting in 2018.

https://fortune.com/asia/2024/05/10/biden-administration-impose-sweeping-tariffs-china-strategic-sectors-evs-batteries-solar-cells/


Bill Ackman scolded by fellow big-time investors for his attacks on DEI

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1808015311-e1715332445812.jpg?w=2048

For about an hour, Ackman was criticized for his public denunciation of DEI and for expressing views that participants said were detrimental to the progress of women and people of color in America.

https://fortune.com/2024/05/10/bill-ackman-dei-attack-milken-session/


British pubs are adopting American-style tipping, but customers aren't happy: 'It's gone too far'

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1646369076-e1715330554820.jpg?w=2048

Until recently, pub tips were modest: a few odd coins tossed into a jar on the counter after pouring pints—but now that's changing.

https://fortune.com/europe/2024/05/10/british-pubs-american-tipping-gone-too-far/


Senate passes $105bn FAA bill to curb dangerous airplane close calls and improve bad customer service for air travelers

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24129729327214-e1715330592727.jpg?w=2048

The bipartisan bill aims to boost the number of air traffic controllers amid a shortage, improve safety standards and make it easier for customers to get refunds.

https://fortune.com/2024/05/10/senate-105bn-faa-bill-curb-dangerous-airplane-close-calls-improve-bad-customer-service/


Pennsylvania will ban cell phone use while driving after almost 20 years of trying

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1367841294-e1715329864957.jpg?w=2048

Under the bill, police can ticket a driver who is handling their phone for almost any reason.

https://fortune.com/2024/05/10/pennsylvania-ban-cell-phone-use-driving/


Trump lawyer presses Stormy Daniels on why she accepted hush money instead of going public

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24130576818835-e1715329308182.jpg?w=2048

Daniels' story of an alleged sexual encounter with Trump was a crucial building block for prosecutors.

https://fortune.com/2024/05/10/trump-lawyer-stormy-daniels-accepted-hush-money-going-public/


Bird flu FAQ: Everything you need to know about the H5N1 outbreak that’s spread to dairy cows in 9 states

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2141960121-e1715009163902.jpg?w=2048

The disease has spread to poultry in 48 states, dairy cattle in nine, and two people in Texas and Colorado.

https://fortune.com/well/2024/05/09/h5n1-hpai-avian-bird-flu-faq/


Three people shot at Super Bowl parade grapple with bullets left in their bodies

https://fortune.com/img-assets/wp-content/uploads/2024/05/Kansas-City-James-Lemons-02-e1715187208561.jpg?w=2048

Despite the rise of gun violence in America, few medical guidelines exist on removing bullets from survivors’ bodies.

https://fortune.com/well/2024/05/09/super-bowl-parade-shooting-victims/


Cancer survivor says embryos created with an ex-husband are her last chance to conceive a child. Ex-husband wants to avoid procreating against his will.

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1847893549-e1715296140487.jpg?w=2048

A Virginia judge will rule on the treatment of two embryos created by a couple that divorced.

https://fortune.com/2024/05/09/fertility-divorce-embryos-property/


Caramelized garlic steak in salads and protein bowls raises carbon-neutral concerns

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1217807835-e1715295219649.jpg?w=2048

Sweetgreen’s rationale for the controversial menu addition this week includes using regenerative farming.

https://fortune.com/2024/05/09/steak-sweetgreen-salads-farming-carbon/


Microsoft employees stunned after it shuttered multiple Xbox video-game studios

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1778706507-e1715293608313.jpg?w=2048

These cuts at Xbox come amid a wider contraction in the video-game industry due to economic shifts following a period of rapid growth during the pandemic.

https://fortune.com/2024/05/09/microsoft-employees-xbox-games-layoffs/


Billionaire Florida transplant says elite school shortfall in Miami hampers expansion

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2151415731-e1715292520291.jpg?w=2048

Competition over spots in the handful of highly ranked private institutions has been fierce, and efforts to lure in new schools have collapsed.

https://fortune.com/2024/05/09/billionaires-florida-elite-private-school-lack/


Amid Tesla’s bloodletting, top exec sends Musk a message: The company has 'taken its pound of flesh'

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2151277355-e1715289976523.jpg?w=2048

Lead exec in charge of product launches resigned suddenly after seven years.

https://fortune.com/2024/05/09/tesla-layoffs-morale-rich-otto-pound-of-flesh/


‘The lower income consumer in the U.S. is stretched’: Pepsi’s CEO isn’t the only executive worried about the economy

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24129774502531-e1715289614797.jpg?w=2048

“As you know, the consumer is under pressure, especially the lower income households,” Tyson's Chief Growth Officer Melanie Boulden said.

https://fortune.com/2024/05/09/economy-recession-consumer-spending-lower-income-stretched-earnings/


Wall Street cheers uptick in layoffs as S&P 500 rises within 1% of its record high

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24130435006758-e1715288866602.jpg?w=2048

The Dow gained 331.37, or 0.8%, and the Nasdaq added 43.51, or 0.3%.

https://fortune.com/2024/05/09/markets-stocks-sp-500-near-record-high-layoffs-wall-street/


Even after cramming its video game with Walmart ads and billboards, Roblox struggles to tap into the wallets of extremely online Gen Alpha

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1167248884-e1715283238322.jpg?w=2048

The gaming platform this week reported its lowest growth rate in gaming time in two years.

https://fortune.com/2024/05/09/roblox-earnings-gen-z-alpha-video-game-metaverse/


Bed Bath & Beyond sues Hudson Bay, claiming hedge fund's 'funny math' swiped $300 million from now-bankrupt retailer

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1258917794-e1715286998374.jpg?w=2048

“When all was said and done...BBBY was bankrupt, while the Hudson Bay defendants had reaped a short-swing profit of over $300 million,” the complaint said.

https://fortune.com/2024/05/09/bed-bath-beyond-hudson-bay-lawsuit-300-million/


Apple iPad ad obliterates the tools of human creativity with a hydraulic press to hype its ‘thinnest product yet.’ Offended consumers reversed the ad to make it a less ‘horrific corporate nightmare'

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2077025425-e1715281317690.jpg?w=2048

The spot appears to be having the unintended effect of turning people off their devices: “This ad effectively convinced me I need less technology in my life,” a user posted on X.

https://fortune.com/2024/05/09/apple-ipad-crush-tiktok-artists-tools-hype-ipad/


Trump promises oil execs to end EVs once and for all in exchange for $1 billion in campaign donations, Washington Post reports

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-692674958-e1715276462219.jpg?w=2048

The presidential candidate vowed to kneecap the already beleaguered EV sector in a meeting with oil execs.

https://fortune.com/2024/05/09/trump-electric-vehicles-oil-gas-climate-chevron-exxon/


'Housing has hit rock bottom’: Top real estate CEO says high home prices are shutting people out of the market

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1044629122-e1715277232117.jpg?w=2048

The situation is ‘pretty dire’ for younger generations, a chief economist echoed in a separate interview.

https://fortune.com/2024/05/09/housing-market-outlook-rock-bottom-high-home-prices-mortgage-rates-redfin-ceo/


More people want to change jobs now than during the Great Resignation

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1193929682-e1715264452971.jpg?w=2048

Data from Microsoft and LinkedIn points to a new migration.

https://fortune.com/2024/05/09/people-thinking-about-quitting-jobs-great-resignation-redux/


Online shopping is skyrocketing in 2024 thanks to the Buy Now, Pay Later trend, Adobe reveals

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1316468770-e1715263927672.jpg?w=2048

Americans are on pace to spend half a trillion dollars on online shopping by this summer, and nearly 10% of that will come from Buy Now, Pay Later schemes.

https://fortune.com/2024/05/09/online-shopping-buy-now-pay-later-record-adobe-study/


Boeing-made jet caught fire and veered off a runway, forcing passengers to escape

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1953488971-e1715272614937.jpg?w=2048

It was the third incident involving a Boeing airplane this week.

https://fortune.com/2024/05/09/boeing-plane-fire-escape-runway/


U.K. CEOs are facing off with shareholders to get U.S.-level pay. They might just get it

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-842900876-e1715265028808.jpg?w=2048

CEOs are being forced to defend their pay hikes, but the public doesn't seem to care as much as they used to.

https://fortune.com/europe/2024/05/09/uk-ceos-executive-pay-shareholders-fairness-compensation/


Some of the hardest working real estate agents are millionaires. Here’s how they get paid

https://fortune.com/img-assets/wp-content/uploads/2024/05/Real-estate-agents-paid-e1715195811478.jpg?w=2048

While the average commission for sales has historically been 5-6%, that soon may change—and to agents' detriment.

https://fortune.com/education/articles/how-do-real-estate-agents-get-paid/


Summer doesn’t start for a month and Dallas has already tied a nearly 100-year old record for high temperatures

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1241460358-e1715264435382.jpg?w=2048

Previous record was set in 1933.

https://fortune.com/2024/05/09/texas-record-high-temperatures-climate-change/


TikTok commits to labeling AI-generated content to combat misinformation that 'can confuse or mislead'

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2150913989-e1715266412881.jpg?w=2048

TikTok will begin labeling AI-created content uploaded from outside its platform. Meta and YouTube say AI labels are coming soon.

https://fortune.com/2024/05/09/tiktok-ai-generated-content-label-misinformation/


NYC real estate developer hit a pro-Palestinian protest with his car, police say

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2151439934-e1715265108546.jpg?w=2048

Reuven Kahane, 57, was arrested Tuesday morning after driving his car into a 55-year-old safety marshal for the protest, according to witnesses and an NYPD spokesperson.

https://fortune.com/2024/05/09/new-york-city-palestine-protester-hit-by-car-arrest/


Feds have 'significant safety concerns' about Ford's recall for engine-fire-causing fuel leaks—which they suspect doesn't work

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1238385960-e1715264504258.jpg?w=2048

Regulators say "the remedy program does not address the root cause of the issue."

https://fortune.com/2024/05/09/ford-recall-fuel-leak-federal-safety-concerns/


Manchester City signs 14-year-old Philadelphia phenom to one of the richest deals in American soccer history

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Philadelphia Union coach Jim Curtin recently called Sullivan “a special talent, top talent not only in this country but in the world.”

https://fortune.com/2024/05/09/manchester-city-signs-14-year-old-philadelphia-teenager-cavan-sullivan/


A Chinese tech firm's PR chief apologizes after her social media posts demanding workers be available '24 hours a day' sparks outrage

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Baidu's head of PR recently took to Chinese social media to tell workers not to complain about long business trips and to be available "24 hours a day."

https://fortune.com/asia/2024/05/09/baidu-pr-head-causes-crisis-social-media-posts-boasts-about-being-harsh-boss/


Bilt Rewards: Everything you need to know

https://fortune.com/img-assets/wp-content/uploads/2024/04/GettyImages-1386655844-e1713925001242.jpg?w=2048

There are some nuances to be aware of, but, Bilt Rewards is overall an incredibly generous program that’s a no-brainer for most American renters who like to travel.

https://fortune.com/recommends/credit-cards/bilt-rewards-guide/


Europeans need to get more productive, Sweden’s central bank boss says. But that doesn’t mean Americans work harder

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Erik Thedéen says productivity is better in the U.S., but the solution isn't down to more industrious workers.

https://fortune.com/europe/2024/05/09/europeans-productive-sweden-central-bank-boss-americans-work-harder-riksbank/


Elon Musk’s Tesla quietly slashed over 3,400 job postings, leaving just 3 listed in the U.S.

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-490596004-e1715251798309.jpg?w=2048

Hopeful candidates will have to be open to crawling and squatting for up to 12 hours a day.

https://fortune.com/2024/05/09/elon-musk-tesla-slashed-over-3400-job-postings-3-listed-us/


Google employees grill Sundar Pichai and CFO Ruth Porat on why they're not getting pay rises amid blowout earnings

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“Despite the company’s stellar performance and record earnings, many Googlers have not received meaningful compensation increases,” one top-rated question began.

https://fortune.com/2024/05/09/google-employees-sundar-pichai-questioned-salaries-earnings/


AstraZeneca pulls its COVID-19 vaccine from European market after history of stumbles

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Partial results from its first major trial — which Britain used to authorize the vaccine — were clouded by a manufacturing mistake that researchers didn’t immediately acknowledge.

https://fortune.com/europe/2024/05/09/astrazeneca-pulls-covid-19-vaccine-europe-market-history-stumbles/


Norwegian wealth fund CEO converts a century-old grain silo into a $46 million art display to promote tourism in his hometown

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Once home to 15,000 tons of grain, Norges Bank CEO Nicolai Tangen's Kunstsilo is now a gallery of more than 5,000 artworks.

https://fortune.com/europe/2024/05/09/norwegian-wealth-fund-ceo-nicolai-tangen-grain-silo-art-display-tourism-kristiansand/


Post-Brexit shoppers shift from London to tax-free Paris and Milan in ‘lost opportunity’

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The 34,000 tourists who have transferred their tax-free shopping from Britain have also increased their spending from $3,622 per person in 2019 to $4,746 in 2023.

https://fortune.com/europe/2024/05/09/shoppers-tax-free-london-paris-milan-post-brexit/


Amid a crisis of public college enrollment, tuition money sees biggest plunge in 40 years

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Public universities are reluctant to rely on price hikes when legislators are eyeing fee caps

https://fortune.com/2024/05/09/public-college-tuition-record-drop-enrollment/


Alibaba’s home city says it will no longer check if homebuyers are qualified

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Developer stocks surged after Hangzhou, the capital of eastern Zhejiang province, said it will remove eight-year-old restrictions on residential property purchases.

https://fortune.com/asia/2024/05/09/alibaba-home-city-homebuyers-qualified-china-revive-dreary-real-estate-market/


Belgium is racking up debt as fast as the U.S.—but without the benefit of the dollar

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Belgium will soon have the euro area’s third-biggest debt ratio after Greece and Italy.

https://fortune.com/europe/2024/05/09/belgium-debt-borrowing-deficit-us-dollar/


New Mexico AG blames Meta for online predators as state charges 3 men accused of using firm’s platforms to solicit sex with underage children

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He placed blame on Meta executives, including CEO Mark Zuckerberg, and suggested that the company was putting profits above the interests of parents and children.

https://fortune.com/2024/05/09/new-mexico-ag-blames-meta-online-predators-charges-3-men-platforms-solicit-sex-underage-children/


South Korea's president will establish a new ministry to boost the country's birth rate, the world's lowest

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President Yoon also apologized for his wife's "unwise behavior" in receiving a luxury handbag under questionable circumstances.

https://fortune.com/asia/2024/05/09/south-korea-president-yoon-suk-yeol-new-ministry-boost-birth-rate-worlds-lowest-election-loss-dior-bag-scandal/


Dodger superstar's confidant pleaded guilty to stealing $17 million from the power hitter to cover debts

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Ippei Mizuhara incurred the debt through an illegal bookmaking operation, prosecutors said.

https://fortune.com/2024/05/08/dodgers-ohtani-interpreter-guilty-debts-gambling/


Executive on probation for giving freebies to a high roller and letting him gamble millions

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Former MGM Grand President Scott Sibella pleaded guilty in January to violating federal anti-money laundering rules.

https://fortune.com/2024/05/08/executive-probation-high-roller-gamble-millions-cash/


IRS considers cracking down on $230 billion charitable sector that critics call 'warehousing of wealth'

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"There are abuses out there and there’s money going places it probably shouldn’t,” one law professor said.

https://fortune.com/2024/05/08/irs-donor-advised-funds-230-billion-crackdown/


Streamer Kai Cenat avoids riot charges after agreeing to pay for damage in Union Square giveaway gone wrong

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Cenat and two codefendants agreed to pay more than $57,000 in restitution and apologize on social media for the Aug. 4 mayhem.

https://fortune.com/2024/05/08/kai-cenat-riot-charges-union-square-pay-apology/


How a NASM certification can kickstart your personal training career

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As the need for fitness trainers and instructors grows, a NASM certification can be your entry point into a dynamic and in-demand field.

https://fortune.com/education/articles/nasm-certification/


A 35-year-old junior Bank of America associate suddenly died—and it’s ignited discussions about Wall Street’s intense working conditions

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Leo Lukenas III, a former Green Beret, joined Bank of America as an investment banker last summer. He died on May 2.

https://fortune.com/2024/05/08/leo-lukenas-iii-bank-of-america-junior-investment-banker-death-wall-street-working-conditions/


Panera is ditching its Charged Lemonade after 2 customers died—but Gen Z is still thirsting for dangerous snacks and drinks

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A 30-ounce Charged Lemonade reportedly contained 390 milligrams of caffeine, the equivalent of about five Red Bulls.

https://fortune.com/2024/05/08/panera-charged-lemonade-end-discontinued-gen-z-one-chip-challenge-celsius-prime/


The UK’s second-richest man is demanding Manchester United workers return to the office—’If you don’t like it, please seek alternative employment’

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Even if workers prefer flexibility, executives are getting impatient.

https://fortune.com/2024/05/08/jim-ratcliffe-manchester-united-return-to-office/


Billionaire heiress and reality TV producer are suing Los Angeles for the right to demolish the home where Marilyn Monroe died

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Los Angeles City Council intervened in September 2023, but the property isn’t an historical landmark—yet.

https://fortune.com/2024/05/08/billionaire-heiress-and-reality-tv-producer-are-suing-los-angeles-for-the-right-to-demolish-the-home-where-marilyn-monroe-died/


Traders have turned betting on the weather, a technique pioneered by Enron, into a booming $25 billion market

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Companies from Wall Street to Main Street are flocking to the once-niche sector amid elevated climate scrutiny and extreme weather.

https://fortune.com/2024/05/08/weather-derivatives-market-asset-catastrophe-bonds-climate-disclosure-change-emissions/


No, combustion engines won’t be supplanted by electric vehicles—and they’re critical for sustainable transport

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EVs will play a key role in the green transition, but so will hybrids and other vehicles powered by internal combustion engines.

https://fortune.com/2024/05/08/electric-vehicles-hybrids-internal-combustion-engines-sustainable-automotive-transport/


Billionaire Barry Sternlicht expects one bank failure per week due to real estate’s ‘fragile’ loans

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The CEO of Starwood Capital Group believes rate hikes are inflicting unnecessary damage to real estate and regional banks, which are worth saving.

https://fortune.com/2024/05/08/billionaire-real-estate-investor-barry-sternlicht-one-bank-failure-each-week/


Fannie Mae CEO: Beyoncé is right. Climate change has already hit the housing market—and homeowners aren’t prepared

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'Wildfire burnt his house down/Insurance ain’t gonna pay no Fannie Mae,' says Beyoncé. Fannie Mae CEO Priscilla Almodovar explains why the singer is right.

https://fortune.com/2024/05/08/fannie-mae-ceo-beyonce-climate-change-housing-market-homeowners-personal-finance-environment/


Disney caps Marvel Studios output as it tries to recapture the magic of the ailing MCU

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From now on, Iger will only approve a maximum slate of three MCU films a year and two Disney+ TV series in an effort to boost quality.

https://fortune.com/2024/05/08/disney-marvel-studios-mcu-movies-streaming/


Columbia protestors are now facing possible lifelong consequences

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"Columbia has disqualified itself from educating the future leaders of our country."

https://fortune.com/2024/05/08/trump-appointed-judges-wont-hire-columbia-grads/


Sweden acts as guinea pig on interest rate cuts, moving before the Fed for the first time this century

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The Riksbank's bold move risks stoking old inflationary pressures.

https://fortune.com/europe/2024/05/08/sweden-interest-rate-cuts-fed-guinea-pig/


'Phantom debt' from buy now pay later schemes is a $700 billion black hole that economists can't see a way around

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Experts have been “lulled into complacency about where consumers are" as a result, a Wells Fargo analyst added.

https://fortune.com/2024/05/08/phantom-debt-buy-now-pay-later-consumer-finances-struggling/


Apple is a formidable opponent. That hasn’t stopped this CEO from suing the tech giant

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Masimo founder and CEO Joe Kiani opens up about the battle with Apple for what he says are his company's IP and trade secrets.

https://fortune.com/2024/05/08/apple-is-a-formidable-opponent-that-hasnt-stopped-this-ceo-from-suing-the-tech-giant/


Wells Fargo launches Signify business credit card with 2% cash back

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With no annual fee and unlimited 2% cash back, the Wells Fargo Signify Business Cash Card is a strong offering for small business owners who want a credit card to earn rewards and manage cash flow.

https://fortune.com/recommends/credit-cards/wells-fargo-business-credit-card-news/


Genesis and LedgerPrime alum raise $28 million for Arbelos, a crypto trading rival to Jane Street

https://fortune.com/img-assets/wp-content/uploads/2024/05/Crypto-Coins-5.jpg?w=2048

As institutional money floods into crypto, the industry veterans are building a derivatives-focused business to provide liquidity to hedge funds and VCs.

https://fortune.com/crypto/2024/05/08/arbelos-dragonfly-genesis-ledgerprime-venture-capital-trading/


Taylor Swift “overshadowing” the Olympics as Americans flock to Paris for The Eras Tour

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In 2023 the first round of Swift's U.S. concerts contributed $4.3 billion to the country’s GDP.

https://fortune.com/europe/2024/05/08/taylor-swift-olympics-paris-americans-eras-tour/


St. Petersburg’s first Black mayor will consider a $1.3 billion ballpark plan that seeks to make amends for demolishing historic Gas Plant neighborhood

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The Historic Gas Plant Project name is a nod to the once-thriving Black community demolished for the Tampa Rays' current Tropicana Field and earlier for an interstate highway spur.

https://fortune.com/2024/05/08/tampa-rays-ballpark-st-petersburg-gas-plant-neighborhood/


Politicians and nonprofits will struggle to keep AI in check—but corporate boards can’t afford to fail

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Global AI regulation remains uncertain. Boards can adopt AI practices that safeguard humanity while also meeting the fiduciary duty to their shareholders.

https://fortune.com/2024/05/08/ai-corporate-boards-ethics-tech-leadership/


TikTok’s lawsuit against the U.S. reveals billionaire ByteDance founder Zhang Yiming is living in Singapore

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1137246347-e1715166173203.jpg?w=2048

Zhang Yiming joins a raft of corporate chieftains who’ve relocated to the island state after years of regulatory tightening and Covid restrictions hammered China’s once free-wheeling tech sector.

https://fortune.com/asia/2024/05/08/tiktoks-lawsuit-us-billionaire-bytedance-founder-zhang-yiming-living-singapore-china-citizenship/


Siemens Energy to cut wind power jobs as turnaround gathers steam

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2087325431-e1715161620480.jpg?w=2048

The measures target the onshore business, where the company's troubled Gamesa division has struggled for years.

https://fortune.com/europe/2024/05/08/germanys-siemens-energy-jobs-wind-power-gamesa-turnaround/


‘Taylor Swift bill’ signed into law in Minnesota to protect online ticket buyers from hidden fees and dodgy resellers

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The law was prompted by the frustration a legislator felt at not being able to buy tickets to Swift's 2023 concert in Minneapolis.

https://fortune.com/2024/05/08/taylor-swift-bill-signed-minnesota-protect-online-ticket-buyers-hidden-fees-resellers/


MGM Grand ex-president to be sentenced in money laundering case

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Scott Sibella pleaded guilty in January to violating federal anti-money laundering rules that require casinos to file reports of suspicious transactions.

https://fortune.com/2024/05/08/mgm-grand-ex-president-scott-sibella-sentenced-money-laundering-case-illegal-bookmaker-las-vegas-casino/


What porn actor Stormy Daniels testified in Trump trial over hush money paid to keep her silent

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Jurors appeared riveted as Daniels offered a detailed and at times graphic account of the encounter Trump has denied.

https://fortune.com/2024/05/08/porn-actor-stormy-daniels-testified-trump-trial-hush-money-paid-silent/


London has 227,000 millionaires: More than Paris, but less than New York, and the figure is dropping

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1464758942-e1715097398623.jpg?w=2048

Brexit is likely to have contributed to a 10% drop in millionaires over 10 years.

https://fortune.com/europe/2024/05/08/london-227000-millionaires-paris-new-york-wealthiest-cities/


Tesla sends its former Asia head back to China as sales in the ultra-competitive EV market plunged 18% in April

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-484442886-e1715148898177.jpg?w=2048

Tesla faces stiff competition in China from companies like BYD and Xiaomi, forcing the U.S. EV maker to slash prices to boost sales.

https://fortune.com/asia/2024/05/08/tesla-sends-former-asia-head-tom-zhu-back-to-china-ev-competition-april-sales-plunge/


Is money the secret to getting Gen Z talking? The U.K.’s national data crunchers reveal their latest tricks for finding out what makes them tick

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The Office of National Statistics is revamping how to gets data on Gen Z participants, including higher cash prizes and face-to-face interviews.

https://fortune.com/europe/2024/05/08/gen-z-u-k-ons-office-national-statistics-cash-incentive-interviews-labour-survey/


BYD reiterates that it has no plans to sell in the ‘very protective’ U.S.—but hopes that things might get ‘back to normal’ after the election

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2105344234-e1715077143541.jpeg?w=2048

BYD Americas CEO Stella Li said the U.S. EV market was in a "confusing stage," citing policy uncertainty and slowing consumer adoption.

https://fortune.com/asia/2024/05/07/byd-americas-ceo-stella-li-no-plans-sell-us-very-protective-electric-cars/


An AI photo of pop star Katy Perry was good enough to fool her own mom—'that shows you the level of sophistication that this technology now has,' expert says

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2149762830-e1715130686743.jpg?w=2048

Each instance of deepfake photos underlines growing concerns around the misuse of AI, particularly regarding the potential to carry out scams.

https://fortune.com/2024/05/07/ai-katy-perry-mom-photo-deepfake-rihanna-met/


Here's how death doulas bring comfort to the terminally ill

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End-of-life doulas guide others through the very personal journey of dying.

https://fortune.com/well/article/what-are-death-doulas/


UPS is searching for its next CFO

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1782372165-e1715123995784.jpg?w=2048

UPS will look inside its own ranks and outside the company for a strategic finance chief as the company seeks raise demand.

https://fortune.com/2024/05/07/ups-is-searching-for-its-next-cfo/


After body blows from activist investor Nelson Peltz, Disney's Iger says streaming is 'on track' to profitability

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1998837452-e1715121847797.jpg?w=2048

Disney’s streaming unit lost $18 million this quarter, compared to a $659 million loss in the same quarter last year.

https://fortune.com/2024/05/07/disney-iger-says-streaming-soon-profitable/


Small towns with affordable home prices beckon remote workers

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-157278363-e1715120253600.jpg?w=2048

An estimated 291,400 people last year migrated from other areas into America’s small towns and rural areas last year.

https://fortune.com/2024/05/07/small-towns-with-affordable-home-prices-beckon-remote-workers/


Miss USA 2023 relinquishes title due to mental health

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1801314448-e1715118783901.jpg?w=2048

Noelia Voigt made the announcement on her Instagram.

https://fortune.com/well/2024/05/07/miss-usa-2023-resigns-mental-health/


10 real estate designations that help professionals stand out

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A real estate designation can help you stand out as a real estate professional in an industry with a range of different career paths.

https://fortune.com/education/articles/real-estate-designations/


Columbia created new rules after historic 1968 protests. Its administration just broke them to authorize police on campus, university report concludes

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2150473201_5d2854-e1715112810323.jpg?w=2048

Columbia made new rules after 1968 to protect students from mass arrests. Ignoring them has left a “sense of alienation and violation by students that is unlike anything I’ve ever seen,” said a professor with three decades at the university.

https://fortune.com/2024/05/07/columbia-created-new-rules-protests-police-report/