You can't force holiday cheer—but 3 habits can help you feel happier this season

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The expanded to-do list is one source of added holiday stress, but perhaps even more pernicious is the unspoken expectation of how we’re supposed to feel during the holidays—happy, grateful, connected.

https://fortune.com/well/article/holiday-happiness-habits/


Egg producers must pay at least $18 million in damages for price gouging in 2000s that involved conspiring to limit U.S. supplies

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According to federal antitrust law, the damages are automatically tripled, bringing the total to over $53 million.

https://fortune.com/2023/12/01/eggs-price-gouging-producers-antitrust-jury-award-lawsuit/


Regulators are looking into whether weight-loss drugs like Ozempic raise the risk of suicidal thoughts

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European regulators are reviewing the potential risk of suicidal thoughts associated with a new class of weight-loss medicines.

https://fortune.com/2023/12/01/suicide-risk-weight-loss-drugs-ozempic-glp-1/


Cybertruck aside, Tesla hasn’t released a new consumer model in years, and analysts are worried: ‘Tesla has a product problem’

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The truck’s long-delayed rollout marks Tesla’s first new consumer vehicle since the introduction of the Model Y in 2019.

https://fortune.com/2023/12/01/cybertruck-tesla-lineup-staleness-elon-musk-electric-vehicles/


Apple TV+ and Paramount+ are considering bundling their streaming services as media companies seek answers to streaming profitability

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The two companies are reportedly exploring the possibility of offering their streamers at a discount to subscribers, reports say.

https://fortune.com/2023/12/01/apple-tv-paramount-plus-streaming-bundle-netflix-hbo-max-tim-cook/


Forget the 'tripledemic.' The U.S. is headed for a ‘syndemic’—and experts warn we're not prepared

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The U.S. healthcare system is a "sitting duck" in the face of a coming cluster of winter epidemics, one expert told Fortune.

https://fortune.com/well/2023/12/01/flu-covid-rsv-syndemic-tripledemic-winter-2023-respiratory-virus/


Ex-CEO of scandal-plagued Wells Fargo sues, claiming bank underpaid him by $34 million

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Tim Sloan took over weeks after the bank was consumed by a fake-accounts scandal, but faced criticism over the slow pace of reform.

https://fortune.com/2023/12/01/tim-sloan-wells-fargo-sues-34-million/


Walmart joins the growing list of big companies pulling their ads from Elon Musk's X after his endorsement of an antisemitic post

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“We aren’t advertising on X as we’ve found other platforms to better reach our customers,” a Walmart spokeswoman told Bloomberg News.

https://fortune.com/2023/12/01/walmart-stops-advertising-ads-x-elon-musk-antisemitic-twitter/


‘Forever chemicals’ found in freshwater fish, yet most states don’t warn residents

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Eating a single serving of freshwater fish can be the equivalent of drinking water contaminated with high levels of PFAS for a month, according to a recent study.

https://fortune.com/well/2023/12/01/forever-chemicals-found-in-freshwater-fish-yet-most-states-dont-warn-residents/


Buyers of EVs with batteries from China get dinged under new Biden administration rules for tax credits

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Biden wants half of new cars to be electric by 2030—but new rules proposed Friday would effectively raise prices on EVs with Chinese batteries.

https://fortune.com/2023/12/01/ev-tax-credits-electric-vehicle-china-battery/


Even the U.S. president's return-to-office push is being ignored by workers: 'They aren't coming back'

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“The president himself is telling federal employees to get back in the office, and they aren’t coming back,” a lawmaker complained this week.

https://fortune.com/2023/12/01/biden-return-to-office-government-agencies-remote-work/


Rep. George Santos becomes only the 6th Congress member in U.S. history to be expelled from his job by colleagues

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Santos joins three Congress members expelled after the Civil War and two who were convicted of federal crimes.

https://fortune.com/2023/12/01/george-santos-expelled-congress-6th-person/


The case for unlocking the power of disability inclusion

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Not only is it the right thing to do for humanity, but it’s also the smart thing to do for business.

https://fortune.com/2023/12/01/accenture-marketing-disability-inclusion/


US Postal Service will issue Dungeons & Dragons stamps next year

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Roll for initiative—and first class.

https://fortune.com/2023/12/01/dungeons-and-dragons-stamps-usps-2024/


Neiman Marcus turns down $3 billion takeover offer from Saks Fifth Avenue

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Neiman, however, says no thanks—for now.

https://fortune.com/2023/12/01/saks-takeover-offer-neiman-marcus/


Sandra Day O’Connor, the first woman on the Supreme Court, has died at age 93

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O'Connor came to define the voice of moderate conservatism on the court, once saying: “Our obligation is to define the liberty of all, not to mandate our own moral code."

https://fortune.com/2023/12/01/sandra-day-oconnor-death-dies-obituary/


Tiger Global markdowns include massive cuts to Bored Ape Yacht Club and OpenSea

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The noted VC firm slashed its valuations of the crypto stalwarts even as the sector is seeing something of a resurgence.

https://fortune.com/crypto/2023/12/01/tiger-global-slashes-valuations-opensea-bored-ape-yacht-club/


Pfizer rocked by failure of weight-loss pill set to compete with lucrative rivals Ozempic and Mounjaro

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Shares in the COVID vaccine maker are set to plumb five-year lows after Pfizer dropped development due to the drug's side effects that included nausea and vomiting.

https://fortune.com/2023/12/01/weight-loss-drug-ozempic-mounjaro-wegovy-pfizer/


‘If you’re ever in an argument with another car you will win’—Elon Musk begins selling Cybertrucks as the ‘finest in apocalypse technology’

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A four-year journey comes to an end as Elon Musk revealed his bulletproof truck that can outpace a Porsche while towing a car behind it.

https://fortune.com/2023/12/01/cybertruck-elon-musk-tesla-delivery-event-prices-specs/


FedEx's boom and slump is partly just a COVID distortion, says CEO Raj Subramaniam

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“If there was no pandemic, the trend [would] be kind of OK,” Subramaniam said at Fortune’s Global Forum in Abu Dhabi.

https://fortune.com/2023/12/01/fedex-recent-boom-bust-and-recovery-is-just-a-covid-distortion-says-ceo-raj-subramaniam/


The thinker behind circular design says we’re talking about carbon the wrong way: People ‘want to know what to do, what not to do’

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“We’re confusing the next generation with our language," William McDonough said at Fortune's Global Forum on Tuesday.

https://fortune.com/2023/12/01/william-mcdonough-thinker-circular-design-carbon-not-bad-design-net-zero-confusing-fortune-global-forum/


Unions are suing Wisconsin to end the state's ban on collective bargaining for most public employees—after Missouri's top court struck down a similar law

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The latest lawsuit is the first since the Wisconsin Supreme Court flipped to liberal control in August.

https://fortune.com/2023/12/01/unions-suing-wisconsin-end-state-ban-collective-bargaining-public-employees-act-10-missouri-supreme-court/


Cathie Wood just had her best month ever—but investors aren't convinced the ARK boom is going to last

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While the ETF pulled in roughly $150 million in November, that pales in comparison to the often 1-billion-dollar-a month flows common to ARKK in its pandemic heyday.

https://fortune.com/2023/12/01/cathie-wood-best-month-investors-not-convinced-ark-innovation-etf-boom/


Barbara Corcoran reveals her ‘most embarrassing moment ever’ and how it led to a teaching contract at NYU: ‘You gotta find a way to stand back up’

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"Shark Tank" star Barbara Corcoran crashed and burned during her first speaking event—so naturally launched a course at NYU in response.

https://fortune.com/2023/12/01/barbara-corcoran-most-embarrassing-moment-nyu-course/


Lego founder's great-grandaughter ups her siblings' stakes in the iconic toymaker as she sells $930m worth of shares

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Lego heir Sofie Kirk Kristiansen, whose siblings remain part of the family holdings company Kirkbi, sold her shares to pursue nature conservation projects.

https://fortune.com/europe/2023/12/01/lego-bricks-heir-930-million-shares-family-holding-company-kirkbi/


Bad news Zooglers—Zurich is now the world's most expensive city

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The city's 5,000 Google employees now face higher prices than New York and many other pricey hubs.

https://fortune.com/europe/2023/12/01/zoogler-zurich-new-york-most-expensive-city-in-the-world/


Montana's first-in-nation TikTok ban blocked by judge who calls it unconstitutional and fixated on Chinese influence

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U.S. District Judge Donald Molloy said the ban “oversteps state power and infringes on the Constitutional right of users and businesses" while singling out the state for its fixation on purported Chinese influence.

https://fortune.com/2023/12/01/montana-tiktok-ban-blocked-judge-unconstitutional-fixated-chinese-influence/


ChatGPT’s first year is just the start of a permanent AI revolution. Here’s how to prepare

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For companies, what might seem like discrete sprints of AI technological adoption challenges is, in fact, a high-speed marathon.

https://fortune.com/2023/12/01/chatgpt-ai-revolution-management-bcg/


Uber, DoorDash and Grubhub will have to pay their New York delivery workers $18/hour after losing a court appeal to block a minimum wage rule

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The pay increase is one of several measures New York and other large cities have taken to regulate apps for ridesharing, food deliveries and short-term rentals as usage has grown.

https://fortune.com/2023/12/01/uber-doordash-grubhub-pay-new-york-delivery-workers-18-hour-losing-court-appeal-block-minimum-wage-rule/


Navigating grief is like 'swimming through syrup,' one bereaved mom says. How she's managing to stay afloat

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"Give yourself just as many gold stars for surviving grief’s physical effects as you do its emotional ones," says the author.

https://fortune.com/well/2023/12/01/navigating-grief-kelly-cervantes-normal-broken/


Trump gag order reinstated in New York business fraud case after ex-president disparaged law clerk as 'very disturbed and angry'

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The clerk received enough harassing voicemails to fill a transcript with 275 single-spaced pages, and that about half the harassing and disparaging messages to her were antisemitic.

https://fortune.com/2023/12/01/trump-gag-order-reinstated-new-york-business-fraud-case-ex-president-disparaged-law-clerk-disturbed-angry/


Soccer legend Cristiano Ronaldo is the latest mega sports star to be sued for endorsing NFTs—it could cost him $1 billion

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The lawsuit filed in federal court in the Southern District of Florida Monday alleges that Ronaldo's promotion of Binance was “deceptive and unlawful.”

https://fortune.com/crypto/2023/12/01/soccer-legend-cristiano-ronaldo-sued-endorsing-binance-nft-1-billion/


PwC employees cheating on tests in China just cost the auditing firm $7 million in U.S. fines

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U.S. regulators alleged that PwC's employees in mainland China and Hong Kong shared answers on exams meant to test knowledge of U.S. auditing practices.

https://fortune.com/2023/12/01/pwc-china-hong-kong-cheating-tests-pcaob-us-7-million-fine/


NYC up in arms over long-awaited plan to charge drivers $15 or more to enter central Manhattan

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Cities such as London and Stockholm have similar programs in place.

https://fortune.com/2023/11/30/congestion-pricing-new-york-manhattan-drivers-cars/


Alibaba’s reversal from online superstar is so serious that it briefly lost its crown as China's second-most valuable e-commerce player

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Its market value fell below PDD, the company best known for hit U.S. shopping app Temu and domestic bargains trailblazer Pinduoduo.

https://fortune.com/2023/11/30/alibaba-market-value-below-pdd-china/


Yet another media company is laying off workers as the industry's retrenchment hits Vox Media for the second time this year

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Online publisher Vox Media is cutting around 4% of its staff after letting go of 7% of workers in March.

https://fortune.com/2023/11/30/yet-another-media-company-is-laying-off-workers-as-the-industrys-retrenchment-hits-vox-media-for-the-second-time-this-year/


Housing affordability is the worst it’s been in decades. It will improve in 2024, but by only a ‘small step,’ Realtor.com chief economist says

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Mortgage rates are expected to drop modestly to 6.8% in 2024.

https://fortune.com/2023/11/30/home-prices-housing-affordability-mortgage-rates-forecast-2024-realtor/


Opponents of secret California tech city heckle its billionaire backers at meeting with shouts of 'shill' and 'smooth talker'

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The first of several town halls meant to win over the community didn't go well.

https://fortune.com/2023/11/30/california-forever-tech-city-heckle-billionaires-central-valley-flannery-associates/


Tesla begins delivering its new Cybertruck that Elon Musk says looks like 'the future'—and starts at a whopping $61,000

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The Cybertruck marks Tesla’s first entry into the highly competitive pickup truck market in the U.S.

https://fortune.com/2023/11/30/tesla-cybertruck-deliveries-elon-musk-starting-price/


Ford says it lost $1.7B on 6-week UAW strike, plans to pay nearly $9B more on raises union won

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The costs translate into an extra $900 per vehicle, which Ford said it would offset through higher productivity and some cuts.

https://fortune.com/2023/11/30/ford-uaw-strike-losses-1-7-billion/


How to watch or stream Thursday Night Football’s Week 13 during the 2023 NFL season live online free without cable

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Jostling begins for a spot in the post-season.

https://fortune.com/2023/11/30/watch-stream-nfl-thursday-night-football-games-live-online-free-without-cable-2023-season-what-channel-fox-cbs-abc-nbc-espn-amazon-week-13/


Warner Discovery CEO David Zaslav says he was forced to lay off hundreds because WarnerMedia ‘had never been restructured for the future’

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The layoffs were his "worst day on the job," but necessary to address the “generational disruption” in the industry, Zaslav said.

https://fortune.com/2023/11/30/david-zaslav-warner-bros-discovery-layoffs-forced-never-restructured-worst-day/


Startups weather a dismal year during which 543 have already declared bankruptcy or shut down: 'You can't sugar coat it'

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The year was marked by mass job cuts, plummeting investments, and lower valuations.

https://fortune.com/2023/11/30/startup-funding-bankruptcies-lower-valuations-2023/


It appears reports of Gen Z’s death have been greatly exaggerated

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The contrast between how other generations view Gen Z and how they see themselves couldn’t be starker.

https://fortune.com/2023/11/30/mpw-summit-wff-gen-z/


Elon Musk says the prediction that the top 10 carmakers will be Tesla followed by 9 Chinese companies ‘might not be wrong’

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The Tesla CEO just took his praise of China's electric-vehicle makers up a notch.

https://fortune.com/2023/11/30/elon-musk-china-ev-future-tesla-byd-top-global-carmakers/


Medicare Advantage increasingly popular with seniors—but not hospitals and doctors

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As enrollment soars, so too has friction between insurers and the doctors and hospitals they pay to care for beneficiaries.

https://fortune.com/well/2023/11/30/medicare-advantage-popular-with-seniors-not-hospitals-doctors/


‘Why am I paying 6%?’ As New York’s real-estate market slows, industry faces showdown over who pays agents’ fees

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After a bombshell jury decision that found the structure of broker fees illegal, New York faces its own lawsuits.

https://fortune.com/2023/11/30/why-am-i-paying-6-as-new-yorks-real-estate-market-slows-industry-faces-showdown-over-who-pays-agents-fees/


Pro-crypto Majority Whip Tom Emmer denounces CBDCs as a ‘surveillance tool’ and calls for stablecoin oversight

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Speaking about Tether, Emmer said, "We need to have this stuff here."

https://fortune.com/crypto/2023/11/30/majority-whip-tom-emmer-crypto-cbdcs-stablecoin-regulation/


A meteorologist talked about climate change on air and it led to death threats: 'An Iowa meteorologist who discussed climate change was forced to quit after barrage of threats: 'It went off the rails'

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"I expected pushback. I just didn't expect the magnitude and how quickly it went off the rails."

https://fortune.com/2023/11/30/climate-change-weatherman-death-threats/


Galaxy Digital CEO Mike Novogratz says Bitcoin will rebound to its all-time high by next year in wake of ETF approvals

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Novogratz said the approval of a spot Bitcoin ETF could drive billions to the crypto space.

https://fortune.com/crypto/2023/11/30/mike-novogratz-galaxy-digital-bitcoin-all-time-high-spot-etfs/


EY CEO: ‘This is the COP to show, not tell, what climate action looks like’

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'The public’s patience for rhetoric without results is wearing thin,' warns EY CEO Carmine Di Sibio.

https://fortune.com/2023/11/30/ey-ceo-this-is-the-cop-to-show-not-tell-what-climate-action-looks-like/


Wall Street titans are getting behind Nikki Haley in the presidential race—hedge funder Bill Ackman says it's time for Biden to 'step aside'

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Many in the finance industry “are looking to consolidate around an alternative to Trump before it's too late,” said one expert.

https://fortune.com/2023/11/30/wall-street-titans-backing-nikki-haley-ackman-asks-biden-step-aside/


Boomers are still obsessed with retiring in Florida, even though many of their peers have been priced out of the state

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Despite waning affordability, the latest wave of retirees are still looking to the Sunshine State.

https://fortune.com/2023/11/30/boomers-retiring-in-florida-peers-priced-out-of-the-state/


Meta closes nearly 4,800 accounts it says China-based actors were exploiting to repost Twitter content and polarize U.S. voters

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The interconnected accounts sported fake names, photos, and locations, and pulled content from both liberal and conservative sources, Meta said.

https://fortune.com/2023/11/30/meta-fake-facebook-accounts-polarize-voters-us-2024-presidential-election/


X CEO Linda Yaccarino tries to bail Elon Musk out of trouble again, as she labels his expletive-laden rant against advertisers a ‘candid’ exchange

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Yaccarino finds herself in the role of a modern day Sisyphus, whose work is constantly undermined by owner Elon Musk.

https://fortune.com/2023/11/30/elon-musk-x-linda-yaccarino-twitter-advertisers-free-speech-dealbook/


The Fed’s favorite inflation measure showed price hikes are at their slowest rate since late 2020

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Prices rose at a 3% annual rate in October with core prices growing 3.5%, according to the personal consumption expenditures price index.

https://fortune.com/2023/11/30/pce-index-inflation-federal-reserve-3-percent-october/


JPMorgan boss Jamie Dimon wants Americans on both sides of the political fence to unite to keep Trump out of office—but warns against sneering at MAGA supporters

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The Wall Street veteran said the next U.S. president “needs to fix” a multitude of problems plaguing America’s lowest earners.

https://fortune.com/2023/11/30/jpmorgan-ceo-jamie-dimon-maga-donald-trump-2024-president-election/


Major British city declares bankruptcy as inflation and growing social care costs blow a $29 million hole in its budget

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The local Nottingham council denied that it was bankrupt and said it had enough funds to meet its current obligations and pay staff members.

https://fortune.com/europe/2023/11/30/british-city-nottingham-bankruptcy-inflation-social-care-costs-29-million-budget/


‘If Tesla gets unionized it’s because we deserve it:’ Elon Musk says he’s made his factory workers millionaires but concedes some may still want to turn against him

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Elon Musk's says the UAW's plans to unionize Tesla staff will be down, in part, to the company's failings if successful.

https://fortune.com/2023/11/30/tesla-elon-mus-unionize-staff-millionaires-stock-options/


Future generation of billionaires will inherit their wealth and be less generous: UBS

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UBS expects $5.2 trillion to be transferred to the children of billionaires over the next few decades—they'll act a lot differently to their parents.

https://fortune.com/europe/2023/11/30/billionaire-heirs-overtook-self-made-ones-ubs-taxes-and-philanthropy/


Bob Iger says he never expected to go back to Disney, but when the call came his wife convinced him to return

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When he got the call about returning to Disney’s helm, it wasn’t a careers coach or peer that Bob Iger turned to for advise, but his wife Willow Bay.

https://fortune.com/2023/11/30/bob-iger-never-expected-return-disney-call-came-wife-willow-bay-convinced-him/


GivingTuesday donations were up slightly in 2023 at $3.1 billion, but in 'warning sign' 10% fewer people participated

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Nonprofit organizations and industry groups have been warning that donations this year are down, which follows a drop in overall charitable giving in 2022 for only the fourth time in 40 years, according to Giving USA.

https://fortune.com/2023/11/30/givingtuesday-donations-up-slightly-billion-warning-sign-fewer-people-participated/


DuPont and two spin-off firms will pay Ohio $110 million to settle suit over releases of 'forever chemicals'

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The settlement involving DuPont, the Chemours Co. and Corteva Inc. resolves Ohio’s claims relating to releases of manmade, fluorinated compounds known as PFAS.

https://fortune.com/2023/11/30/dupont-chemours-corteva-pay-ohio-110-million-settle-suit-releases-forever-chemicals/


Daryl Hall heats up song catalog dispute with John Oates, claiming partner committed the 'ultimate partnership betrayal'

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By planning to sell his share of the Hall & Oates duo's joint venture without the other's permission.

https://fortune.com/2023/11/30/daryl-hall-song-catalog-dispute-john-oates-partner-committed-ultimate-partnership-betrayal/


Elon Musk says Neuralink is 'paradise' that has never caused the death of a monkey—all those that died already had terminal conditions

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Advocates of animal research for medical devices say the research brings lifesaving devices to market without harming humans.

https://fortune.com/2023/11/30/elon-musk-neuralink-paradise-never-caused-death-monkeyall-terminal-conditions/


Disney names Morgan Stanley CEO to its board as Bob Iger prepares for fight with billionaire activist investor Nelson Peltz

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Billionaire Nelson Peltz and his Trian Fund Management are planning their own nominees to the board next year.

https://fortune.com/2023/11/30/disney-names-morgan-stanley-ceo-james-gorman-board-bob-iger-fight-billionaire-activist-investor-nelson-peltz/


Henry Kissinger, towering U.S. diplomat, dies at age 100

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The former secretary of State dominated foreign policy as the U.S. extricated itself from Vietnam and broke down barriers with China.

https://fortune.com/2023/11/29/henry-kissinger-dead-age-100-nixon-cambodia-vietnam-china/


Sam Altman is officially reinstated as OpenAI's CEO just two weeks after his ouster set off an 'unprecedented' firestorm

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A three-member board was also officially installed that includes Bret Taylor, former co-CEO of Salesforce, as chairman.

https://fortune.com/2023/11/29/sam-altman-officially-reinstated-openai-ceo-board-bret-taylor/


Weeks after shutting down, feminist website Jezebel will come 'back from the dead' with new owner Paste Magazine

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Along with political issues like abortion, Jezebel helped make subjects like “body shaming” and “rape culture” part of the national discourse.

https://fortune.com/2023/11/29/jezebel-relaunched-paste-magazine/


Salesforce soars 8% as cost cutting shows its 'brand new religion' to increase profits

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The tech company's job cuts last year kicked off the push.

https://fortune.com/2023/11/29/salesforce-shares-benioff-earnings-q3-2023/


Disney's Bob Iger does a 360 on possibly selling ABC and FX and now says he'll keep the TV stations

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In July, Iger said such channels may no longer be essential to the company and floated the idea of unloading them.

https://fortune.com/2023/11/29/disney-bob-iger-keep-tv-stations-abc-fx/


Fresh off its strike against the Big Three automakers, UAW sets sight on 150,000 workers at all non-union plants in U.S.

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The union is coming off a six-week strike that secured members 33% raises at Ford, GM, and Stellantis.

https://fortune.com/2023/11/29/uaw-united-auto-workers-union-campaign-toyota-subaru-mazda-nissan-vokswagen/


Should accused fraudsters face a jury instead of the SEC? The Supreme Court seems open to it

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A majority of the nine-member court suggested that the accused should have the right to have their cases heard in federal court, instead of by the SEC's in-house judges.

https://fortune.com/2023/11/29/securities-and-exchange-commission-supreme-court-dismantle/


JPMorgan counters Wall Street's general optimism for next year by predicting the S&P 500 will tumble 8% due to a 'challenging' economy

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The S&P 500 Index is set to drop to 4,200 by the end of 2024 — roughly 8% from its current level, the bank said.

https://fortune.com/2023/11/29/jpmorgan-stock-market-outlook-2024-economy-inflation-interest-rates/


GM announces record $10 billion stock buyback—more than it’s spending on UAW raises—as its electrification push stalls

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CEO Mary Barra pledged to “fully offset” added labor expenses while buying back about a quarter of GM's market value.

https://fortune.com/2023/11/29/gm-stock-buyback-10-billion-electric-cars/


Google blinks first in its war with Canada by agreeing to pay $74 million annually for online news after threatening to block it

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The deal, after months of negotiations and strong opposition from Google, averts the biggest search engine from blocking news in Canada.

https://fortune.com/2023/11/29/google-canada-news-pay-trudeau/


Exercise may help treat and even prevent postpartum depression. Researchers recommend this weekly routine

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Both group exercise classes and exercise led by an instructor or trainer appear to provide even greater benefits.

https://fortune.com/well/2023/11/29/exercise-postpartum-depression-ppd-routine/


A 26-year-old content creator explains why she gave herself a $75k pay cut to eschew a get-rich-quick mentality

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An influnecer who got famous by asking people on the street how much money they make is more interested in expanding her brand than expanding her budget.

https://fortune.com/2023/11/29/hannah-williams-salary-transparent-street-tiktok-pay-cut/


Fresh off an Intel investment, Stability AI looks for buyers as investors pressure CEO to resign

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At the time of the deal, Stability was spending roughly $8 million a month on bills and payroll while earning a fraction of that in revenue, two people said.

https://fortune.com/2023/11/29/stability-ai-sale-intel-ceo-resign/


Navy Federal More Rewards American Express Credit Card: Earn rewards on your everyday spending with this $0 annual fee card

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Spending a lot at the gas station or supermarket? Navy Federal Credit Union members can score up to 3X points on their everyday spending.

https://fortune.com/recommends/credit-cards/navy-federal-more-rewards-american-express-card-review/


Electric vehicle owners report 80% more problems than with conventional cars and trucks amid ‘growing pains’ for the industry, Consumer Reports says

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EV manufacturers are still learning to construct completely new power systems, making battery and charging-system issues the most commonly reported.

https://fortune.com/2023/11/29/electric-vehicle-reliability-more-problems-gas-powered/


Apple reportedly bails on Goldman Sachs as credit card partner

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David Solomon’s push into the consumer space suffers another setback.

https://fortune.com/2023/11/29/apple-credit-card-goldman-sachs-retail-banking/


Tesla’s biggest rival mourns death of early backer Charlie Munger—‘unwavering support and guidance instrumental in shaping BYD’

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The Berkshire Hathaway vice chairman bet big on the Chinese EV company all the way back in 2008.

https://fortune.com/2023/11/29/charlie-munger-berkshire-hathaway-tesla-byd-elon-musk-wang-chuanfu/


The red-hot economy is growing even faster than we thought, with GDP surging 5.2% last quarter

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The revised figure throws doubts on Wall Street's hopes that the Federal Reserve will cut interest rates soon.

https://fortune.com/2023/11/29/u-s-economy-gdp-revision-5-2/


Wormhole raises $225 million at a $2.5 billion valuation, finalizing split from Jump Crypto amid firm’s recent pullback

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Saeed Badreg, CEO of Wormhole Labs, said that raise was in exchange for future Wormhole tokens.

https://fortune.com/crypto/2023/11/29/wormhole-raises-225-million-2-5-billion-valuation-jump-crypto-split/


Spotify Wrapped 2023 just dropped—these are the artists and songs that made it big this year

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The annual lookback on Spotify users’ favorite songs, artists and podcasts is here.

https://fortune.com/2023/11/29/spotify-wrapped-2023-release-date-taylor-swift-bad-bunny-drake-midnights/


Global economy will sputter in 2024 because of inflation, interest rates and wars, OECD says

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The Paris-based OECD estimated that international growth would slow to 2.7% in 2024 from an expected 2.9% pace this year. That would be the slowest growth since the pandemic year of 2020.

https://fortune.com/2023/11/29/global-economy-sputter-2024-inflation-interest-rates-wars-oecd/


Millennials and Boomers should take note of GenZ's approach to work, says a labour skills expert

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Michael Howells, president of the Workforce Skills division at Pearson, said GenZ are prepared for changes their senior counterparts may not be.

https://fortune.com/2023/11/29/millennials-boomers-genz-ai-changes-workforce-skills/


Amazon launches its answer to ChatGPT—Q, an AI-powered business chatbot

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Amazon said that Q can do things like synthesize content, streamline day-to-day communications and help employees with tasks like generating blog posts.

https://fortune.com/2023/11/29/amazon-launches-answer-chatgpt-q-ai-powered-business-chatbot/


Obama advisor turned Wall Street CEO says everyone’s AI predictions will be ‘invariably wrong’

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Lazard CEO Peter Orszag told Fortune's Global Forum in Abu Dhabi that “a dose of humility” is needed among those speculating on the impact of AI.

https://fortune.com/2023/11/29/impact-of-ai-peter-orszag-lazard-ceo-obama-jennifer-johnson-franklin-templeton-predictions/


AI won’t steal your job—but it might cut your paycheck, Europe’s central bank says

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Opportunities for younger and high-skilled workers could actually increase rather than vanish, thanks to AI.

https://fortune.com/europe/2023/11/29/ai-not-steal-jobs-might-cut-paycheck-ecb-research/


Harvard, Penn and MIT presidents called by Congress to address antisemitism on campus after being criticized by alumni like Bill Ackman

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Ackman has called for Harvard to discipline protesters who violate rules because he said the lack of punishment further emboldens them to take “more aggressive, disruptive and antisemitic actions.”

https://fortune.com/2023/11/29/harvard-penn-mit-presidents-called-congress-address-antisemitism-campus-alumni-bill-ackman/


The UAE's leading AI CEO addresses bombshell New York Times report alleging China ties, says he didn't finish reading the story

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"It’s correct that we all need to pay attention to the proper development of AI, and ultimately what we use AI for," G42's Peng Xiao said at Fortune's Global Forum in Abu Dhabi.

https://fortune.com/2023/11/29/g42-uae-abu-dhabi-ai-ceo-peng-xiao-new-york-times-report-china/


U.S. gas prices have fallen for the last 10 weeks and Americans are spending hundreds of millions less than a year ago. Here's why

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The national average for gas prices stood just below $3.25, according to AAA. That's down 25 cents from a month ago and 30 cents less than this time last year.

https://fortune.com/2023/11/29/aaa-us-gas-price-fallen-10-week-americans-spending-hundreds-millions-less-inflation-winter-opec/


London's iconic black cab drivers once resisted Uber with a passion. Now they'll be available on the app

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Black cab drivers are required to learn the “Knowledge,” a mental encyclopedia of some 25,000 streets as well as all landmarks within six miles of Charing Cross.

https://fortune.com/europe/2023/11/29/london-iconic-black-cab-drivers-resisted-uber-now-available-app/


Hong Kong's third-richest man brushes back succession theories: 'If there’s no family member suitable, we can hire from the outside'

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Henry Cheng's $26 billion empire was rocked by an interview on family-backed HOY TV. People familiar with the matter said his children didn't know it was coming.

https://fortune.com/2023/11/29/hong-kong-billionaire-henry-adrian-cheng-new-world-development-succession-heir/


'Every great company is born in a winter': Jack Ma stuns Alibaba employees with memo calling for firm he co-founded to 'correct its course'

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Alibaba, once China’s best candidate to become a trillion-dollar company, is trading near its lowest value this year, at a fraction of its peak in 2020.

https://fortune.com/2023/11/29/jack-ma-stuns-alibaba-employees-memo-calling-firm-co-founded-correct-course-china/


Ray Dalio thinks tech investors will have to choose between the U.S. and China

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The Bridgewater founder said the U.S. and China were "on the brink of war" last March, but there's now been an important "stepping back" of tensions.

https://fortune.com/2023/11/29/ray-dalio-bridgewater-china-tech-war-real-chips-ban-us/


Billionaire Ray Dalio on the most important vote of our lifetime: 'I pray that we do not have another Trump-Biden election'

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"No good society exists with this kind of fighting," the Bridgewater founder said at Fortune's Global Forum in Abu Dhabi.

https://fortune.com/2023/11/29/ray-dalio-trump-biden-2024-presidential-election/


Ray Dalio slams 'tragedy' of a New York Times journalist's shocking book about him, claiming the Bridgewater reject wrote 'fiction, created as fact'

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“When truth gets mixed with fiction by journalists, the country has a problem,” the founder of the world’s largest hedge fund said at Fortune's Global Forum in Abu Dhabi.

https://fortune.com/2023/11/29/ray-dalio-bridgewater-billionaire-rob-copeland-book-fiction-tragedy/


Government halts use of spring-loaded 'cyanide bombs' intended for coyotes that kill too many family pets

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M-44s consist of a stake driven into the ground with a spring and canister loaded with the chemical. Humans have mistaken them for sprinkler heads.

https://fortune.com/2023/11/29/coyote-killing-cyanide-bombs-kill-family-pets-bureau-land-management-government-agency/


WWE soars on social media after former champ CM Punk returns over Thanksgiving weekend

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While WWE's fans had been talking about the possibility of CM Punk returning for weeks, his appearance after nearly a decade away had millions posting online.

https://fortune.com/2023/11/29/wwe-social-media-record-thanksgiving-cm-punk-survivor-series/


Deutsche Bank MD testifies on Trump's inflated income statements: 'It’s not an industry standard that these statements be audited'

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David Williams said bankers viewed net worth claims as “subjective or subject to estimates” and a multibillion-dollar adjustment wasn't necessarily unusual.

https://fortune.com/2023/11/29/donald-trump-fraud-trial-deutsche-bank-testimony-net-worth-claims-auditing/


The CEO behind nearly 10,000 KFCs in China explains the country’s consumption slump: A 'psychological' consequence of COVID-zero

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“We can understand why people became rather cautious and rational with their spending,” Yum China CEO Joey Wat said at the Fortune Global Forum in Abu Dhabi.

https://fortune.com/2023/11/29/china-consumer-spending-kfc-yum-china-joey-wat-psychological/


Billionaire Mark Cuban is selling a majority stake in the NBA's Dallas Mavericks to the family of casino magnate Sheldon Adelson

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Miriam Adelson, widow of Sheldon Adelson, is selling $2 billion of stock in Las Vegas Sands so the family can acquire a majority stake in the NBA franchise.

https://fortune.com/2023/11/28/mark-cuban-nba-dallas-mavericks-sheldon-adelson-family/


Sports Illustrated is accused of publishing articles written by AI and then attributing them to reporters who don't exist: 'The mistake is trying to hide it'

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Earlier this year, experiments with AI went awry at both the Gannett newspaper chain and the CNET technology website.

https://fortune.com/2023/11/28/sports-illustrated-ai-written-articles-reporters-who-dont-exist/


Billionaire Bill Ackman says there's 'a real risk' the economy will suffer a hard landing if the Fed doesn't cut interest rates soon

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The Pershing Square Capital Management founder said such a move could happen as soon as the first quarter.

https://fortune.com/2023/11/28/bill-ackman-fed-interest-rate-cuts-first-quarter-hard-soft-landing/


Fast-fashion giant Shein could have the 5th-largest consumer IPO of all time—but its China roots and forced-labor allegations make it challenging

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The Singapore-headquartered company filed confidentially for a listing in New York, but it needs to persuade skeptical investors, politicians, and regulators that allegations it uses forced labor aren't true.

https://fortune.com/2023/11/28/shein-ipo-fast-fasthion-china-forced-labor-challenges/


Apple plans to end a credit card partnership with Goldman Sachs that it once touted as a blockbuster new business

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Goldman Sachs has been pulling back from a foray into consumer lending after it proved costlier than expected.

https://fortune.com/2023/11/28/apple-goldman-credit-card-exit-american-express-synchrony/


Greenpeace activists are costing deep sea mining company $1 million daily by occupying its ship in the middle of the Pacific, lawsuit says

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Next year, the company plans to apply for the world’s first license to mine the deep sea for valuable minerals in international waters.

https://fortune.com/2023/11/28/greenpeace-deep-sea-mining-pacific-ocean-ship-standoff/


Rewards and interest and fees, oh my! For which credit card should I apply?

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Wondering what credit card you should get? There are hundreds of options, but here are 4 simple steps to help you find the perfect fit for your needs.

https://fortune.com/recommends/credit-cards/what-credit-card-should-i-get/


Charlie Munger, Warren Buffett’s deputy at Berkshire Hathaway, dies at 99

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The legendary investor was known for straight talk and a skepticism of the professional finance industry.

https://fortune.com/2023/11/28/charlie-munger-warren-buffett-deputy-at-berkshire-hathaway-dies-at-99/


She once advised the president on aging issues. Now, she’s battling serious disability and depression

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About 19 million people 65 and older in the U.S. had some type of disability in 2021.

https://fortune.com/well/2023/11/28/nora-super-director-white-house-conference-aging-spinal-cord-injury-advocacy/


Moody’s Mark Zandi says get used to mortgage rates at around 6% for the long-term

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“Everybody should get used to 5.5% to 6% because that’s where mortgage rates are going to settle in, [in the] long run,” Zandi said.

https://fortune.com/2023/11/28/higher-fo-longer-mortgage-rates-mark-zandi-moodys/


Hong Kong crypto regulators under fire again after creators of Hounax exchange allegedly disappear with $19 million

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The Hounax rugpull comes right after more than $120 million was stolen from the unlicensed JPEX exchange in September.

https://fortune.com/crypto/2023/11/28/hong-kong-crypto-regulators-hounax-jpex-scams/


Aretha Franklin's home is awarded to her sons based on a handwritten will signed with a smiley face and found between couch cushions

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The will of the superstar singer who died in 2018 also included scribbles and many hard-to-read passages.

https://fortune.com/2023/11/28/aretha-franklin-will-estate-sons-home/


Ed Yardeni says China's aging population could make it 'the world's largest nursing home'—and the resulting economic depression may help the U.S.

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“China’s economy is in a property-led and fertility-led depression,” Yardeni wrote, adding that this "benefits countries that import Chinese goods at depressed prices.”

https://fortune.com/2023/11/28/china-worlds-largest-nursing-home-economic-issues-helping-united-states-inflation/


Wall Street is in an all-out war for AI talent as banks poach each others’ employees—and Goldman Sachs is losing

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Workers with data, analytics, or AI experience are a hot commodity, taking home a median $900,000 last year.

https://fortune.com/2023/11/28/goldman-sachs-ai-employees-wall-street/


It's the spendiest season of the year—but half of Americans are buckling down to save for a safety net

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It's a sign they're still unhappy with the economy.

https://fortune.com/2023/11/28/americans-saving-safety-net-recession-fears-inflation/


Prices for used electric vehicles are cratering

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The average price is more than $15,000 cheaper since last year.

https://fortune.com/2023/11/28/used-ev-prices-plunge-october-2023/


America’s cities are ratcheting up controversial ‘sweeps’ of homeless encampments, but still failing to find a solution: ‘We’re not trash, we’re people’

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“The word ‘sweep’ that they use ... that’s kind of how it feels, like being swept like trash,” said David Sjoberg, 35. “I mean we’re not trash, we’re people.”

https://fortune.com/2023/11/28/cities-crackdown-homeless-encampment-sweeps/


Job-market optimism pushed consumer confidence up for the first time in four months in November

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The share of consumers who said jobs were “plentiful” rose, and more people said they expect to buy a car, a home or major appliances.

https://fortune.com/2023/11/28/consumer-confidence-rises-conference-board-job-market/


Winning players in the 2023 Pop-Tarts Bowl game will eat the mascot. Yes, you read that right

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Breakfast pastry looks to make a splash with its first bowl game, which was formerly the Cheez-It Bowl.

https://fortune.com/2023/11/28/pop-tarts-bowl-game-edible-mascot/


Biden touts ‘progress’ on inflation as he takes aim at ‘junk fees’ and corporate ‘price-gouging’ in first meeting of supply chain council

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“We know that prices are still too high for too many things, that times are still too tough for too many families,” Biden said. “But we've made progress.”

https://fortune.com/2023/11/28/biden-supply-chain-council-meeting-inflation-junk-fees-price-gouging/


More than 400 stalled legal weed shops move one step closer to opening in New York state after board approves lawsuit settlement

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The deal would lift a court order that has blocked the state from processing or issuing retail marijuana licenses since August, following lawsuits over rules that promised many of the first licenses to people with past drug convictions.

https://fortune.com/2023/11/28/legal-marijuana-dispensaries-weed-new-york-state-lawsuit/


Home prices could drop next year, but don’t expect that to solve the affordability crisis, bank exec says

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Morgan Stanley forecasts 3% drop in home prices next year—just half of the 6% price increase this year

https://fortune.com/2023/11/28/home-prices-drop-affordability-morgan-stanley/


Volkswagen invested billions in EVs following Dieselgate scandal—now, its brand is ‘no longer competitive’

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Volkswagen is looking to restructure costs with possible layoffs at the Germany automaker along with measures to improve efficiency and productivity.

https://fortune.com/europe/2023/11/28/volkswagen-billions-ev-electric-vehicles-dieselgate-scandal-vw-brand-no-longer-competitive/


Oil and gas lobby is a ‘huge barrier’ to solar that is now ready for prime time, renewable energy founder says

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Yellow Door Energy founder Jeremy Crane recounts the numerous times he sat around the table with oil execs who 'wagged their finger at me and say we’re subsidizing your business.'

https://fortune.com/2023/11/28/oil-gas-lobby-climate-renewable-energy-solar-cop28-fortune-global-forum/


Climate change’s impact on real estate: AI founder breaks down how 'many places are doomed’ but others will be ‘the most valuable asset class in the world’

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Forget the Black Swan, Climate Alpha’s Parag Khanna said at Fortune’s Global Forum in Abu Dhabi. “The real risks in the world today are the Green Swans and they are flocking.”

https://fortune.com/2023/11/28/how-will-climate-change-affect-real-estate-values-ai-founder-parag-khanna/


Renewable exec on ‘relentless consumption’ driving the climate crisis: 'It seems as if people are behaving in a way that we would never tell our children to behave’

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WasteFuel’s Trevor Neilson spoke at the Fortune Global Forum in Abu Dhabi on consumption, biofuels and climate activists: “They’re an interesting bunch.”

https://fortune.com/2023/11/28/climate-change-crisis-relentless-consumption-children-abu-dhabi-wastefuel-ceo-trevor-neilson/


The labor market will stay tight as shifting demographics keep draining the talent pool, warns multinational recruitment agency CEO

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As more people reach retirement age and workforce activity rates decline, businesses and governments will have no choice but to embrace AI.

https://fortune.com/2023/11/28/labor-market-tight-shifting-demographics-draining-talent-pool-warns-multinational-recruitment-agency-ceo/


The head of the Middle East's largest private oil producer says we'll need '100 times more' renewable energy to meet demand

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“You need to add a new Saudi Arabia every two years just to meet the current demand," Crescent Petroleum CEO Majid Jafar said at Fortune's Global Forum in Abu Dhabi.

https://fortune.com/2023/11/28/oil-gas-energy-transition-renewables-100-times-more-crescent-petroleum-abu-dhabi/


‘Dr Doom’ Nouriel Roubini warns the market is in for a ‘megathreatened age’ and investors will lose trillions: ‘This bloodbath is likely to continue’

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"Our first priority will be to survive the next few decades of instability and chaos."

https://fortune.com/2023/11/28/nouriel-roubini-dr-doom-market-megathreat-investors-lose-millions/


Elon Musk and Mark Cuban are backing the crusade by an 'evasive' hedge-fund manager to strip the SEC of its in-house judges

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Hedge-fund manager George Jarkesy said he didn’t recall over 800 times during SEC questioning, with a judge saying he "generally testified in an evasive manner."

https://fortune.com/2023/11/28/elon-musk-mark-cuban-sec-judges-hedge-fund-manager-george-jarkesy-lawsuit/


Paris is not the remote work city of your dreams, survey suggests

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A survey conducted by Bloomberg Intelligence suggests that 4% of Londoners are not allowed to work from home compared to 20% of workers in Paris.

https://fortune.com/europe/2023/11/28/londoners-have-more-freedom-to-work-from-home-than-parisians/


Blackstone head Steve Schwarzman plans to spend billions buying up dorms, warehouses, and data centers across Europe: ‘We have enormous capital and can buy the types of real estate that we like’

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The world’s largest owner of commercial real estate is eyeing deals across Europe as interest rates stay high.

https://fortune.com/2023/11/28/blackstone-steve-schwarzman-plans-spend-billions-buying-commercial-real-estate/


Netflix’s biggest rival in Japan was created by a secretive billionaire whose father nearly destroyed the company in a telecom scandal

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Before he became a billionaire by transforming his father’s company into Netflix’s biggest competitor in Japan, Yasuhide Uno wanted nothing to do with the business.

https://fortune.com/2023/11/28/netflix-biggest-rival-japan-usen-next-secretive-billionaire-yasuhide-uno-father-destroyed-company-telecom-scandal/


It’s been a year since Ethereum completed its switch to proof of stake. Vitalik Buterin on what’s new, what’s next, and how he’s using AI

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The Ethereum cofounder also says that although he won't be the first human to travel deeper in space, he would "love to actually be a part of that myself at some point."

https://fortune.com/crypto/2023/11/28/vitalik-buterin-ethereum-proof-of-stake-artificial-intelligence-ai-space-travel-blockchain/


Bankrupt Alex Jones is on the hook to Sandy Hook parents for $1.5 billion, but they just said in court they'd settle for $85 million

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Jones had been receiving a salary of $520,000 a year, but a court-appointed restructuring officer just tripled that, which the judge rejected.

https://fortune.com/2023/11/28/alex-jones-infowars-bankruptcy-sandy-hook-parents-settlement-85-million/


UAE's COP28 president reportedly lobbied for fossil fuel interests at climate meetings

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The report describes COP28 president Sultan Al Jaber apparently planning to lobby Brazil’s Minister of the Environment to help push through Adnoc’s bid for Brazilian petrochemical company Braskem.

https://fortune.com/2023/11/28/uae-cop28-president-sultan-al-jaber-lobby-fossil-fuel-interests-climate-meetings/


Amazon is facing another EU probe—this time over whether it's killing competition in the robot vacuum cleaner market

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Amazon’s $1.4 billion deal for Roomba maker iRobot risks being derailed unless the firms fix a list of competition concerns raised by the EU's antitrust arm.

https://fortune.com/europe/2023/11/28/amazon-probed-eu-roomba-irobot-killing-competition-robot-vacuum-cleaner-market/


As Musk visits Netanyahu in Israel, minister claims there's a deal in the works with Starlink

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As Musk toured a kibbutz where some of the worst violence occurred, Israel’s Communications Minister Shlomo Karhi said the ministry is discussing a Starlink deal.

https://fortune.com/2023/11/28/elon-musk-israel-visit-netanyahu-starlink-gaza-hamas-war/


New York's marijuana market is a mess and the state's top weed cops just decided to settle the flood of lawsuits jamming all the weed shops

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The deal would lift a court order that has blocked the state from processing or issuing retail marijuana licenses since August, following a flurry of lawsuits.

https://fortune.com/2023/11/28/new-york-marijuana-cannabis-market-weed-shops-settlement-lawsuits-regulators/


Former Bloomberg Media CEO says working for billionaire Steve Cohen at the New York Mets 'is a lifelong dream fulfilled'

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Cohen’s baseball team has hired Bloomberg Media CEO M. Scott Havens as president of business operations, effective in January.

https://fortune.com/2023/11/28/new-york-mets-steve-cohen-hire-bloomerg-media-ceo-scott-havens/


'What a strange tale': Tech execs are fleeing a conference that seems to have booked fake women speakers

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High-profile engineering leaders canceled their appearances at DevTernity after Gergely Orosz's newsletter said it identified fabricated profiles.

https://fortune.com/2023/11/27/devternity-tech-conference-fake-women-speakers-profiles-engineering/


Cyber Monday's buying frenzy is bigger than expected, capping a record 5-days of holiday sales and limited recession fears

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Hot items included Barbie dolls, Lego sets, the Nintendo Switch, headphones and smartwatches, according to Adobe.

https://fortune.com/2023/11/27/cyber-monday-forecast-record-holiday-online-sales/


Buzzy fast-fashion retailer Shein, believed to exceed Zara and H&M in U.S. sales, files confidentially for an IPO

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The company has been hoping for a valuation of as much as $90 billion in a U.S. IPO, according to a news report earlier this month.

https://fortune.com/2023/11/27/shein-ipo-confidential-filing-us/


Tesla scores a major victory in its 'insane' war against Sweden's labor unions and government over a 'very serious' threat to its business

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Postal workers have disrupted the Swedish Transport Agency’s deliveries of license plates to Tesla.

https://fortune.com/2023/11/27/tesla-sweden-lawsuit-labor-unions-postal-workers/


Panama Canal is so backed up and 'unreliable' that ships are detouring thousands of miles to avoid costly delays

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The canal normally handles about 36 ships a day, but will gradually reduce the number of vessels to 18 a day by Feb. 1 to conserve water.

https://fortune.com/2023/11/27/panama-canal-backed-up-water-shortage-ships-reroute/


Elon Musk, under fire for endorsing antisemitic comments, says during Israel trip that he'd like to help rebuild Gaza

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Musk met with Israeli officials including Benjamin Netanyahu and toured the kibbutz where some of the worst violence by Hamas occurred on Oct. 7.

https://fortune.com/2023/11/27/elon-musk-rebuild-gaza-netanyahu-israel/


Mark Zuckerberg opposed banning plastic surgery filters, despite their alleged harm to teen mental health, because it would be 'paternalistic,' lawsuit says

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The states behind the suit allege the company said publicly that its platform was safe, when internal data showed that users experienced disproportionate harm online.

https://fortune.com/2023/11/27/mark-zuckerberg-plastic-surgery-filters-teens-lawsuit/


Everything you need to know about 2024 ACA Open Enrollment

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Many people will see lower premiums through 2025, thanks to provisions in the Inflation Reduction Act.

https://fortune.com/well/2023/11/27/aca-open-enrollment-affordable-care-act-obamacare-2024/


Veteran market watcher Komal Sri Kumar warns of a ‘cloud of uncertainty’ and makes a bold call: 'My base case is something breaking….in the next 3 months'

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Rising interest rates and a shaky commercial real estate sector is weighing on the economy: “You’re operating perennially in a cloud of uncertainty.”

https://fortune.com/2023/11/27/recession-economy-something-breaking-komal-sri-kumar/


A 25-year-old self-made millionaire says his biggest financial regret is buying a Rolls Royce: 'It serves no purpose'

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Pudgy Penguins CEO Luca Netz says he never went down a spending rabbit hole as a millionaire—Rolls Royce aside.

https://fortune.com/2023/11/27/luca-netz-millionaire-financial-regret-buying-rolls-royce/


Social media belongs to pro creators and AI influencers. It’s no longer ‘for our high school friends or your prom date from 7 years ago,’ says tech investor

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Social media has transformed from a place where users connect with friends to a distribution network for influencers and the brands that sponsor them.

https://fortune.com/2023/11/27/social-media-creator-economy-ai-influencers-meta-tiktok-instagram-youtube/


How the high-stakes world of Formula 1 racing inspired Sanofi CEO Paul Hudson deliver more medicines

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Hudson sought to emulate the efficiency of a race car team that recently set the world record for quickest pit stop.

https://fortune.com/2023/11/27/mclaren-f1-racing-sanofi-ceo-paul-hudson-medicines-fortune-global-forum/


The UK has detected its first human case of a new type of swine flu. What you need to know

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Symptoms of influenza A(H1N2)v were mild in the individual, who has fully recovered, health authorities said. But how they contracted the virus remains unknown.

https://fortune.com/well/2023/11/27/ah1n2v-swine-flu-detected-united-kingdom-first-time-h1n1-avian-bird-influenza-1b11/


MLB and Formula 1 targeted in new, multibillion-dollar suit over their promotions of FTX now that judges 'updated the laws for the internet age'

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The lawsuits also take aim at Cristiano Ronaldo, Mercedes-Benz, ad giant Dentsu and global talent agency Wasserman.

https://fortune.com/2023/11/27/mlb-formula-mercedes-1-ftx-binance-crypto-cristiano-ronaldo-lawsuit-promotions/


Deutsche Banks still expects a recession—but with AI advancing ‘the medium-term future looks more promising than it has done for some time’

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“At the outer edges of the economy there is obvious stress that is likely to spread in 2024," Deutsche Bank economists warned Monday.

https://fortune.com/2023/11/27/deutsche-bank-recession-ai-interest-rates-fed-stocks/


Amazon is set to deliver 5.9 billion packages this year—more than UPS or FedEx

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But it’s still far short of the USPS.

https://fortune.com/2023/11/27/amazon-delivers-more-packages-than-ups-fedex/


3-year world cruise remote workers paid over $30,000 a year for was canceled weeks before setting sail because there's no ship

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It's left many passengers without a place to call home and some stuck in Istanbul, Turkey, where the cruise was set to depart from.

https://fortune.com/2023/11/27/three-year-world-cruise-canceled-no-ship/


Donating to nonprofits on GivingTuesday this year could have a bigger impact than usual

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Nonprofits and industry groups say donations so far are down compared with previous years.

https://fortune.com/2023/11/27/donating-nonprofits-giving-tuesday-thanksgiving-impact/


Trump hints in campaign that he'd deploy the military to NYC and Chicago 'crime dens' using the Insurrection Act

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Donald Trump said he was prevented during his presidency from using the military to quell violence in primarily Democratic cities and states.

https://fortune.com/2023/11/27/donald-trump-2024-presidential-campaign-insurrection-act-deploy-military-states/


Pro-crypto Majority Whip Tom Emmer says $4.3 billion Binance settlement shows U.S. doesn’t need new crypto laws

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The lawmaker said current laws are suitable to “weed out bad actors.”

https://fortune.com/crypto/2023/11/27/binance-settlement-crypto-laws-majority-whip-tom-emmer-elizabeth-warren/


A Formula 1 giant’s CEO describes how a ‘guilty until proven innocent’ culture was holding his team back-and how he fixed it

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Zak Brown inherited a demoralised workforce and had to prove himself to a core group of skeptical employees burned by past experience.

https://fortune.com/2023/11/27/f1-motorsports-mclaren-zak-brown-leadership-turnaround-culture-fortune-global-forum/


Coinbase stock surges 18% in a week as CEO Brian Armstrong says Binance settlement closes ‘that chapter of crypto’s history’

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“Building a company offshore, skirting regulation, it's just not going to work,” Armstrong said in an interview with CNBC in London.

https://fortune.com/crypto/2023/11/27/coinbase-stock-surges-18-percent-brian-armstrong-binance-cnbc-interview/


Ships are bidding millions of dollars to skip the line at the Panama Canal

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The waterway has become congested due to an ongoing drought.

https://fortune.com/2023/11/27/ships-bidding-millions-skip-line-panama-canal-drought/


70% of jobs can be automated, McKinsey's AI thought leader says—but ‘the devil is in the detail'

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“We got it wrong many times with dotcom and crypto and a few other things," said QuantumBlack's Alexander Sukharevsky, but this is a "platform shift."

https://fortune.com/2023/11/27/how-many-jobs-ai-replace-mckinsey-alexander-sukharevsky-fortune-global-forum-abu-dhabi/


China’s former entrepreneurial golden child, Jack Ma, appears to be back with a food venture

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Alibaba founder Jack Ma largely disappeared from public life following a crackdown by the Chinese government—now it seems he's back.

https://fortune.com/2023/11/27/jack-ma-alibaba-returns-with-food-farming-venture/


Elon Musk travels to Israel in show of solidarity as X owner seeks to dispel allegations he’s antisemitic

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After being accused of endorsing bigoted views, the Tesla CEO and X owner flies to the Jewish state and meet with the embattled prime minister.

https://fortune.com/2023/11/27/elon-musk-israel-benjamin-netanyahu-antisemitism-tesla-starlink/


Czech Republic faces one of the largest displays of public unrest, since the fall of Communism

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Thousands of elementary and secondary schools remain closed across the country on Monday as Czech labor unions protest due to spending cuts and tax hikes.

https://fortune.com/europe/2023/11/27/czech-republic-faces-largest-displays-of-public-unrest-fall-communism-austerity-workers/


Workers say they'll return to the office if they are offered certain incentives, but few employers are making the changes

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Most hybrid workers say paying employees more for their in-office work would provide “a lot” of encouragement for them to work in-person more often.

https://fortune.com/2023/11/27/workers-return-to-office-certain-incentives-few-employers-making-changes-norc/


Wegovy-maker Novo Nordisk could make prices flexible—without cutting them—to convince more health systems to cover the weight-loss drugs

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Weight-loss drug Wegovy faces high demand, limited supply and tricky healthcare systems to navigate.

https://fortune.com/europe/2023/11/27/wegovy-novo-nordisk-flexible-prices-weight-loss-drugs/


Chanel heir with a $48 billion fortune is the richest person in Switzerland thanks to a post-pandemic luxury goods boom

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Gérard Wertheimer has taken the top spot from the Kamprad family—the billionaire founders of Swedish furniture giant Ikea—for the first time in 21 years.

https://fortune.com/europe/2023/11/27/chanel-heir-gerard-wertheimer-wealth-switzerland/


Georgia case over railroad that wants to use eminent domain to get track land could change property law across the U.S.

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It's a fight over land in one of rural Georgia's poorest areas, but it could have implications for property law across the state and nation.

https://fortune.com/2023/11/27/georgia-case-csx-sandersville-railroademinent-domain-track-property-law-us/


New Binance CEO Richard Teng says firm has ‘robust timeline’ for board, financial disclosures

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In his first on-the-record interview, Binance’s new CEO explained how he will guide the company in the post-CZ era.

https://fortune.com/crypto/2023/11/27/new-binance-ceo-richard-teng-board-financial-disclosures/


OpenAI’s board might have been dysfunctional–but they made the right choice. Their defeat shows that in the battle between AI profits and ethics, it's no contest

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OpenAI employees may not like the board’s retort that allowing the company to be destroyed would be consistent with the mission–but they saw it this way.

https://fortune.com/2023/11/27/openai-board-dysfunction-right-choice-defeat-battle-ai-profits-ethics-contest-tech-leadership-ann-skeet/


Get a high school diploma for $465 with no classes required—inside Louisiana's boom in unapproved schools

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Unlike public schools, formal homeschooling programs or traditional private schools, nearly 9,000 private schools in Louisiana don’t need state approval to grant degrees.

https://fortune.com/2023/11/27/high-school-diploma-465-no-classes-required-louisiana-booming-unapproved-schools/


'Get Ready with Me' videos take over TikTok with over 150 billion views as users prepare for everything from going on dates to getting fired

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GRWM videos, as they're also known, are part of a trend of “with me” content that has gained popularity over the past decade.

https://fortune.com/2023/11/27/get-ready-with-me-videos-tiktok-157-billion-views-users-prepare-dates-getting-fired/


Merriam-Webster's word of the year for 2023 is the opposite of AI

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In an age of deepfakes and post-truth, the Merriam-Webster word of the year for 2023 is “authentic.”

https://fortune.com/2023/11/27/merriam-webster-word-of-the-year-2023-authentic-ai/


SUV sales boom has erased gains from cleaner car tech, upping negative environment impact by more than 30% over the last decade

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The negative impact on the climate from passenger vehicles could have dropped by more than 30% over the past decade if not for the world's appetite for large cars.

https://fortune.com/2023/11/27/suv-sales-boom-erased-gains-cleaner-car-tech-upping-negative-environment-impact-global-fuel-economy-initiative/


Portland teachers union reaches tentative deal with Oregon's largest school district after tense, nearly month-long strike

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Many parents were supportive of the striking teachers, but as the school closures dragged on, some raised concerns about learning loss among students.

https://fortune.com/2023/11/27/portland-teachers-union-reaches-tentative-deal-oregon-largest-school-district-after-tense-strike/


'Hunger Games' leads weekend box office again as 'Napoleon' has to settle for second place

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Ridley Scott's epic outperformed expectations to take $32.5 million over the five-day weekend and an estimated $20.4 million Friday through Sunday.

https://fortune.com/2023/11/27/hunger-games-leads-weekend-box-office-napoleon-second-place-disney-wish/


Lawsuit claims Mark Zuckerberg's Facebook designed his platforms to hook kids, fielded millions of complaints, disabled just a fraction

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Meta said the complaint misrepresents its work over the past decade and argues that age verification is a “complex industry challenge.”

https://fortune.com/2023/11/27/social-media-addiction-teens-children-facebook-zuckerberg-complaint-lawsuit-age-verification/


Watch: Fortune Global Forum Livestream 2023

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The Fortune Global Forum gathers the leaders of the world’s biggest multinational companies in great cities on the dynamic frontiers of global business.

https://fortune.com/article/fortune-global-forum-livestream-2023/


Elon Musk dismissed hybrid vehicles as a ‘phase’ while Toyota doubled down on them. Now they’re a ‘smoking-hot market’ as EV demand chills

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Toyota's chairman, who's long resisted EV hype despite pressure, is feeling vindicated, with hybrid sales surging this year.

https://fortune.com/2023/11/26/elon-musk-hybrid-vehicles-toyota-tesla-electric-vehicles/


Tesla rival BYD and other battery giants are betting on sodium for EVs and energy storage—and challenging the dominance of lithium-ion

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Sodium has yet to be used on a large scale, but that could be about to change—and China has the advantage.

https://fortune.com/2023/11/26/battery-giants-sodium-bet-electric-vehicles-energy-storage-lithium-ion/


Millennials stand apart from Gen Zers and boomers on work-from-home, and kids have a lot to do with it

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Gen Zers want to network in the office, empty nesters want to leave the house, and millennials are another story, according to new research.

https://fortune.com/2023/11/26/millennials-gen-z-boomers-return-to-office-work-from-home-remote-work/


ESG fund managers who bet big on tech are worried about blowback from 'AI systems going rogue'—and talking about a 'kill switch'

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AI risk has unsettled Norway’s $1.4 trillion sovereign wealth fund and a $248 billion New York pension fund, among others.

https://fortune.com/2023/11/26/ai-esg-fund-managers-investing-rogue-tech/


How to watch or stream Week 12 of the NFL’s 2023 season football live online free without cable

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Thanksgiving leftovers

https://fortune.com/2023/11/26/watch-stream-nfl-football-games-live-online-free-without-cable-2023-season-week-12-what-channel-fox-cbs-abc-nbc-espn/


Starbucks new CEO reveals his favorite coffee order after spending 6 months working side by side with baristas

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It only costs $3.35.

https://fortune.com/2023/11/26/starbucks-ceo-laxman-narasimhan-coffee-order/


2023 broke middle managers' spirit, caught between a disenchanted workforce and demanding execs

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From overseeing RTO plans to being put on the chopping block, middle managers are not okay.

https://fortune.com/2023/11/26/middle-managers-burned-out-stressed-rto-layoffs-glassdoor/


Long travel distances, excessive wait times, doctor shortages—Medicare beneficiaries face hurdles to see neurologists

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The prevalence of neurological and nervous system issues in people 65 and older makes the need for better neurological options for Medicare patients even more important.

https://fortune.com/well/2023/11/26/medicare-long-travel-distances-neurologists/


Binance founder Changpeng Zhao urges judge to let him leave the U.S. before sentencing—after the DOJ scrambles to stop him

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The crypto billionaire wants to await his sentencing while spending time with family in the UAE—which has no extradition treaty with the U.S.

https://fortune.com/2023/11/25/binance-changpeng-zhao-uae-travel-sentencing-doj-flight-risk-extradition-crypto-billionaire/


Elon Musk warns ‘something scared’ OpenAI chief scientist Ilya Sutskever as CEO Sam Altman’s return fails to answer key questions

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The Tesla CEO wants to know what Ilya Sutskever saw that was "enough to want to fire" OpenAI CEO Sam Altman, now reinstated.

https://fortune.com/2023/11/25/elon-musk-what-scared-ilya-sutskever-openai-sam-altman-return/


‘That’s not a Black Friday deal’: Pinched shoppers hold out for deeper discounts—boding ill for earnings

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Consumers aren’t spending at the same pace they did during the past couple of years, when the holidays were marked by post-pandemic splurges.

https://fortune.com/2023/11/25/black-friday-shoppers-discounts-economy-retail/


A former FIRE fanatic who planned to retire at 35 ditched the movement after watching her youth slip away

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The FIRE movement's flame dwindled for Gwen Merz after watching her friends spend money. Now, she's partaking in 'coast FIRE' instead.

https://fortune.com/2023/11/25/early-retiree-millennial-quits-fire-movement-social-life-suffering/


One of investing's most reliable, highly-recommended strategies is up over 11% this year—so why do leading financial advisors still say they rarely use it?

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The classic 60-40 portfolio was never meant to be the end-all, be-all portfolio—it’s just “a good starting place," according to Vanguard's Todd Schlanger.

https://fortune.com/2023/11/25/investing-advice-60-40-portfolio-starting-point-financial-advisors/


If you want to live longer, try being a better friend. Here’s how

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Our friendships become more important than our family relationships as we age so it’s important to invest wisely.

https://fortune.com/well/2023/11/25/live-longer-be-better-friend/


Elon Musk brands Sweden’s unions ‘insane’ after strikes cripple Tesla operations

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Elon Musk can ill-afford sales in a key market to dry up.

https://fortune.com/europe/2023/11/24/elon-musk-tesla-labor-union-sweden-workers-strike-if-metall/


Wealthy six-figure earners who kept the economy chugging along are starting to pinch pennies, signaling the post-COVID spending boom may be over

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"Thrifty behavior has been climbing up the income ladder," reads a note from Morgan Stanley.

https://fortune.com/2023/11/24/wealthy-people-pulling-back-spending-bad-sign-economy/


Motherhood penalty laid bare: From co-workers comparing pregnant colleagues to broken race cars to senior women 'hazing' other moms

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Women around the world told Fortune that they were asked to hide their baby bump from investors, pressured back to the office soon after giving birth and even outright told “mothers don’t succeed here”.

https://fortune.com/2023/11/24/the-motherhood-penalty-2/


Nvidia sued after senior employee accidentally showed off confidential files taken from previous employer during a video meeting

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French tech firm Valeo accused Nvidia of using stolen information as a "blueprint for future corporate espionage."

https://fortune.com/2023/11/24/nvidia-lawsuit-corporate-espionage-trade-secrets-valeo-zoom-call/


Barclays Bank is reportedly axing up to 2,000 jobs as part of a $1.25 billion cost-cutting plan

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The British bank's CEO C.S. Venkatakrishnan is under pressure to lift Barclays's shares up after a stormy few years.

https://fortune.com/europe/2023/11/24/barclays-bank-1-billion-cost-cutting-plan-2000-layoffs/


The Marvels’ box office flop marks the end of an era for the studio’s winning formula–and the beginning of a new one for Hollywood’s workers

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Having the freedom to change anything at the last minute has devolved into storytelling that feels mushy.

https://fortune.com/2023/11/24/the-marvels-box-office-flop-end-era-studios-winning-formula-beginning-new-hollywood-workers-entertainment/


AI should make the 4-day work week possible for millions of workers. The question is whether they’ll use the free time for leisure—or more work

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AI could reduce the hours worked by at least 10% for a whopping 88% of Britain's workforce within a decade, future of work think-tank Autonomy finds.

https://fortune.com/europe/2023/11/24/4-four-day-workweek-u-k-employees-ai-tools-chatgpt/


Black Friday discounts won’t be enough to bring in financially stressed shoppers, retailers fear

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Many retailers had already ordered fewer goods for this holiday season and have pushed holiday sales earlier in October than last year to help shoppers spread out their spending.

https://fortune.com/2023/11/24/black-friday-discounts-wont-be-enough-retailers-fear/


Union Pacific’s hazmat shipping processes under the microscope as toxic acid explosion in Nebraska remains unresolved

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The explosion highlighted not only potential problems at the sprawling railyard but also the national rail network's reliance on everyone involved in shipping hazardous materials taking proper precautions.

https://fortune.com/2023/11/24/union-pacifics-hazmat-shipping-questions-nebraska-explosion/


Gen Z is turning to the second-hand market because of the cost of living crisis—not climate change, says eBay's U.K. chief

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Persistent high inflation, student debt, and the rising cost of living are primarily driving Gen Z’s shopping preferences, eBay says.

https://fortune.com/2023/11/24/gen-z-second-hand-cost-of-living-crisis-not-climate-change-says-ebay-boss/


China tells the WHO that known germs—not a new novel virus like COVID-19—are behind surge in kids’ pneumonia

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The Chinese CDC and Beijing Children’s Hospital told the WHO that the surge is due to the spread of mycoplasma pneumoniae, respiratory syncytial virus, adenovirus and influenza.

https://fortune.com/2023/11/24/china-tells-who-known-germs-not-new-novel-virus-covid-19-behind-surge-kids-pneumonia/


China's real estate crisis has helped punch a $37 billion hole in the balance sheet of one of the country's largest shadow banks

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But be wary of a hard landing narrative, warns one economist, as the risk of contagion pushes Beijing to offer stronger support for real estate.

https://fortune.com/2023/11/24/china-real-estate-zhongzhi-enterprise-group-shadow-bank-real-estate-crisis/


Research shows that grandparents are great personal finance teachers. Here’s what my poppa who became an accountant during the Great Depression tried to teach me about money

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Almost a third of grandchildren (30%) say their grandparents passed down "financial and money-saving advice."

https://fortune.com/2023/11/23/grandparents-personal-finance-teachers-great-depression-money-bob-brody/


OxyContin maker's settlement faces Supreme Court scrutiny

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The Sackler family settled thousands of lawsuits over the harm done by opioids like OxyContin, which was produced by Purdue Pharma.

https://fortune.com/2023/11/23/oxycontin-sackler-family-settlement-faces-supreme-court-scrutiny/


How to watch or stream the Thanksgiving and Black Friday games of NFL’s 2023 season football live online free without cable

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Traditions are important.

https://fortune.com/2023/11/23/watch-stream-nfl-football-games-live-online-free-without-cable-2023-season-thanksgiving-black-friday-what-channel-fox-cbs-abc-nbc-espn/


A Spanish agency became so sick of models and influencers that they created their own with AI

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Aitana, described by her creators as the first Spanish AI model, was so convincing an unnamed famous Latin actor even called the agency the ask her on a date.

https://fortune.com/europe/2023/11/23/spanish-influencer-agency-earned-11000-ai-model-posers/


OpenAI staff reportedly warned the board about an AI breakthrough that could threaten humanity before Sam Altman was ousted

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Staff alerted directors to a secret project called Q* that may have brought OpenAI a big step closer to artificial general intelligence.

https://fortune.com/2023/11/23/openai-sam-altman-board-directors-agi-breakthrough-reuters/


Taiwan's opposition spent an hour publicly arguing over who will run for president. They can't decide—and the deadline to register is in under 24 hours

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Candidates for Taiwan's presidential election on Jan. 13 differ on a key question: How should the self-governing island deal with mainland China?

https://fortune.com/2023/11/23/who-is-running-taiwan-presidential-election-opposition-press-conference-kmt-dpp-terry-gou/


Bill Gates teases the possibility of a 3-day work week

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The Microsoft founder is predicting a utopian world where "we don’t have to work as hard”.

https://fortune.com/2023/11/23/bill-gates-microsoft-3-day-work-week-machines-make-food/


Inside long COVID’s war on the body: Researchers are trying to find out whether the virus has the potential to cause cancer

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'There’s not great evidence to support SARS-CoV-2 being an oncogenic virus–but this virus has surprised us over and over.'

https://fortune.com/2023/11/23/inside-long-covids-war-body-researchers-trying-find-out-virus-potential-cancer-carolyn-barber/


Novo Nordisk announces new $2.3 billion investment in France to keep up with soaring demand for weight-loss drugs

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Eli Lilly last week laid out plans to build a $2.5 billion manufacturing site in Germany.

https://fortune.com/europe/2023/11/23/novo-nordisk-france-drug-production/


EV sales expected to hit new U.S. record in 2023—but Germany, China and Norway still lead the way

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Several factors helped boost U.S. EV adoption this year, but in a word, prices have gone down.

https://fortune.com/2023/11/23/us-electric-vehicle-sales-2023-record/


How Black Friday has evolved: From a headache for cab drivers to a month-long discount phenomenon

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The term “Black Friday” is several generations old, but it wasn't always associated with the holiday retail frenzy that we know today.

https://fortune.com/2023/11/23/black-friday-evolution-2023/