Marvel Studios and 'Stranger Things' made Atlanta into 'Hollywood of the South.' Now it's back to mowing lawns and teaching guitar

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“I've got to figure something else out,” says second camera assistant Alex Buhlig, who's "trying to avoid doing the restaurant thing again.”

https://fortune.com/2023/10/27/hollywood-strikes-atlanta-georgia-impact-netflix-stranger-things-marvel-studios/


The Fed’s favorite inflation gauge hasn’t changed in two months, indicating a long slog ahead for the economy

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Stubborn inflation may lead the Fed to keep rates high through year's end.

https://fortune.com/2023/10/27/pce-federal-reserve-inflation-gauge-interest-rates-october-september/


U.S. consumers are ‘walking towards a cliff’ and the jobs market is beginning to ‘fray at the edges’, warns market strategist

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Chris Watling, founder and CEO of Longview Economics, believes the U.S. economy is headed for "tough times."

https://fortune.com/2023/10/27/economy-consumer-spending-recession-chris-watling-longview/


Hertz helped turn Tesla into a trillion dollar mega-cap stock—now it's become collateral damage in Elon Musk’s price wars

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The rental agency catapulted Tesla into the mega-cap space, but heavy repair costs and salvage write downs on its EV fleet caused Q3 profit margins to nearly halve.

https://fortune.com/2023/10/27/tesla-elon-musk-hertz-evs-rental-price-wars-q3-earnings/


Employees skipped out on personal hygiene when working from home. Now deodorant is the unlikely winner of return-to-office mandates

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Working from home meant lesser use for personal care products like deodorants. With the return to offices, Unilever is seeing growth in the sale of deos.

https://fortune.com/2023/10/27/unilever-deodorant-personal-care-hygiene-wfh-return-to-work/


Owners of Beyoncé and Justin Bieber's music on verge of shutting down

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Hipgnosis failed in its bid to receive a new mandate from investors as share prices tanked and its portfolio devalued.

https://fortune.com/2023/10/27/beyonce-justin-bieber-music-hipgnosis/


‘Double Income, No Kid’ couples have $150,000 more to their name than couples with children

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DINKs lavish holidays and designer lifestyle doesn’t compare with the financial burden that comes with having children, the Fed's research shows.

https://fortune.com/2023/10/27/dink-double-income-no-kid-couples-150000-more-net-worth-children-federal-reserve/


Boomers are planning their succession. Here’s the hardest question they face, according to a veteran generational wealth expert

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After a death in the family, even the sanest among us compare relationships.

https://fortune.com/2023/10/27/boomers-planning-succession-hardest-question-generational-wealth-expert-inheritance-personal-finance/


GM’s Cruise grounds its entire fleet of driverless vehicles to 'earn public trust' after California suspension over high-profile accidents

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It's a major setback for the company which has been laying the groundwork to expand to multiple US cities and Japan.

https://fortune.com/2023/10/27/gm-cruise-grounds-entire-fleet-driverless-vehicles-earn-public-trust-california-suspension-high-profile-accidents/


Maine residents remain on lockdown as police search for suspect in killing of 18.

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Maine residents stay indoors as police continue to hunt for gunman Robert Card, a U.S. Army reservist who fatally shot 18 people.

https://fortune.com/2023/10/27/maine-residents-lockdown-police-search-suspect-killing-18-robert-card-lewiston/


Elon Musk and Tesla can perhaps breathe a small sigh of relief as they reportedly get a reprieve from the EU's China EV probe

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It's good news on the regulatory front for Tesla, following disappointing earnings, tough China competition, and U.S. probes.

https://fortune.com/2023/10/27/tesla-reprieve-eu-probe-china-electric-cars-subsidies-elon-musk/


Americans are sinking in debt as household expenses grow faster than income, new poll says. 'The economy is good on paper, but I’m not doing great'

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About 2 in 3 Americans say their household expenses have risen over the last year, but only about 1 in 4 say their income has increased in the same period.

https://fortune.com/2023/10/27/americans-sinking-debt-household-expenses-grow-income-new-poll-economy-ap-norc/


Taylor Swift is officially a billionaire thanks to her record-breaking tour and re-recording project, according to Bloomberg

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She's one of the youngest self-made billionaires.

https://fortune.com/2023/10/26/taylor-swift-billionaire-net-worth-eras-tour-bloomberg/


New Beatles song described by Paul McCartney as 'quite emotional' will debut next week after being finished with the help of AI

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The track, called “Now And Then,” comes from a batch of unreleased demos written by John Lennon and will premiere on Nov. 2.

https://fortune.com/2023/10/26/new-beatles-song-paul-mccartney-now-and-then-ai/


'This is not my Joe': Wife says pilot accused of trying to crash a Horizon Air flight struggled with depression

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The pilot has pleaded not guilty to state charges of attempted murder. Federal prosecutors meanwhile charged Emerson with interfering with a flight crew.

https://fortune.com/2023/10/26/alaska-airlines-pilot-take-controls-court-horizon-air-disaster-wife/


Fed hikes still in play amid stubborn inflation and strong economy, warns Pimco’s global economic adviser

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"Progress on inflation has stalled since the summer, and we are not seeing labor market slack,” says Richard Clarida.

https://fortune.com/2023/10/26/fed-hikes-still-in-play-warns-pimco-richard-clarida-inflation-economy/


Sam Bankman-Fried stumbles through cross-examination—and he wasn’t even in front of the jury

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In an unusual hearing without the jury present, the disgraced crypto founder faced an unrelenting prosecution.

https://fortune.com/crypto/2023/10/26/sam-bankman-fried-cross-examination-stumble-ftx-jury-fraud-trial/


Prosecutors charge a teen acquaintance for the murder of a Philadelphia journalist who crusaded about social issues and was once homeless

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Authorities have said the motive behind the killing remains unclear but that the pair were in a relationship.

https://fortune.com/2023/10/26/philadelphia-journalist-murder-suspect-charge/


Mark Zuckerberg thinks pessimists ‘tend to be right’ but optimists ‘tend to succeed’ and ‘get the most done’

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The Meta CEO says pessimists may be right about new ideas, but asks, "is that the most productive way to view the world?"

https://fortune.com/2023/10/26/meta-ceo-mark-zuckerberg-pessimists-right-but-optimists-succeed-get-most-done/


These are the skills that chief executives are looking for in their finance leaders

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Calling all future finance leaders of tomorrow.

https://fortune.com/2023/10/26/virtual-event-finance-leaders/


Billionaire Steve Cohen predicts a short ‘fake scare’ recession this year followed by a stock market rebound

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He expects economic growth to jump next year and equity markets to rally 3% to 5%, prompting interest rates to rise “higher than people think.

https://fortune.com/2023/10/26/steve-cohen-billionaire-recession-economy-growth-stocks-predictionis/


Former National Intelligence Counsel chair sees 'no happy ending' for Gaza hostage situation

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"When you do a deal to get hostages released," says Gregory Treverton, "you’re only encouraging more hostage-taking. So you’re damned if you do and damned if you don’t."

https://fortune.com/2023/10/26/hamas-hostage-taking-gaza-no-happy-ending-says-former-national-intelligence-chair/


Capital Economics sees mortgage rates at 6% or higher through the end of 2025, 'muting any recovery in house purchase demand and sales volumes'

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In fact, we may never see pandemic-era mortgage rates again, other experts say.

https://fortune.com/2023/10/26/how-high-mortgage-rates-forecast-capital-economics-2025-housing-market/


How to watch or stream Thursday Night Football’s Week 8 during the 2023 NFL season live online free without cable

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Two teams seek redemption.

https://fortune.com/2023/10/26/watch-stream-nfl-thursday-night-football-games-live-online-free-without-cable-2023-season-what-channel-fox-cbs-abc-nbc-espn-amazon-week-8/


Byron Wien, the 'nerdy middle-class Jewish kid' who became a Blackstone and Morgan Stanley legend for his '10 Surprises' column, dies at 90

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He looked at things an average investor would give a 1-in-3 chance of happening but he thought were over 50%. "Usually I get five or six right," he once said.

https://fortune.com/2023/10/26/obituary-byron-wien-blackstone-morgan-stanley-dead-90-10-surprises/


Mercedes exec says EV market is a ‘pretty brutal space’ because price wars and high interest rates are making it an unsustainable business

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"I can hardly imagine the current status quo is fully sustainable for everybody," said Harald Wilhelm, Mercedes-Benz’s chief financial officer.

https://fortune.com/2023/10/26/mercedes-benz-harald-wilhelm-earnings-electric-vehicle-ev-market-brutal-unsustainable-tesla-auto-strikes/


'Creed III' and 'Ant-Man' star Jonathan Majors accused his ex-girlfriend of assault, but prosecutors dropped all charges within hours of her arrest

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Majors still faces criminal charges that he attacked his ex-girlfriend, leaving her with a broken finger and bruises.

https://fortune.com/2023/10/26/jonathan-majors-assault-ex-girlfriend-charges-dropped-creed-iii-ant-man-marvel-avengers-kang-dynasty/


Zoom meetings make you anxious? This company is using AI to make you feel more confident on your next video call

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Virtual Sapiens will make real-time suggestions on users’ body language in video calls. It’s “the difference between landing a sale or not,” co-founder Rachel Cossar said.

https://fortune.com/2023/10/26/zoom-meetings-make-you-anxious-this-company-is-using-ai-to-make-you-feel-more-confident-on-your-next-video-call/


FDA panel says an active ingredient in leading cold and flu medicines doesn't work. Here are alternatives that do

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Medications aren't the only way to relieve congestion. Some non-drug approaches can help provide temporary relief.

https://fortune.com/well/2023/10/26/phenylephrine-decongestant-alternatives/


Mortgage rates have now risen on average for 7 straight weeks

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The rate on the 30-year fixed mortgage is at 7.79%, up from 7.63% last week, Freddie Mac said Thursday. A year ago the rate was 7.08%.

https://fortune.com/2023/10/26/how-high-mortgage-rates-30-year-freddie-mac/


'Grandpa Google knows the answers and will help you with homework': Exec testifies that Gen Z thinks the tech giant is uncool

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Prabhakar Raghavan cited a 1998 Fortune report that Yahoo had won the search-engine wars: "I feel a keen sense not to become the next roadkill."

https://fortune.com/2023/10/26/grandpa-google-antitrust-trial-gen-z-exec-testifies-search-dominance-roadkill/


Joe Biden is taking a victory lap after the latest blowout GDP report and says the much-feared recession is canceled, but Wall Street is dubious

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The Biden Administration celebrated the surge in U.S. GDP growth Thursday, but economists and analysts warn it could be the last hurrah for an ailing economy.

https://fortune.com/2023/10/26/gdp-report-analysis-interest-rates-inflation-federal-reserve/


Siemens Energy shares fall 40% after company seeks government support amid wind-turbine woes

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Siemens Energy needs guarantees to win large-scale contracts to build transmission networks and gas turbines.

https://fortune.com/2023/10/26/siemens-energy-government-support-wind-turbine-woes-threaten-gas-business/


Millennials got screwed as boomers won the housing market, BofA says. ‘Everyone locked in 3% mortgage rates, except Millennials’

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"Most Boomers locked in low mortgage rates,” the bank said. “The only group that took out mortgage debt meaningfully since 2021 is Millennials, seeing a 20% jump.”

https://fortune.com/2023/10/26/millennials-screwed-boomers-won-housing-market-bank-of-america-mortgage-rates/


California Gov. Newsom is right. Truck drivers and autonomous trucks can thrive together–not just co-exist

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Newsom recently vetoed legislation that would have all but banned autonomous trucks in the California, instead allowing the regulatory process to play out.

https://fortune.com/2023/10/26/california-gov-newsom-truck-drivers-autonomous-trucks-thrive-together-supply-chains-tech-politics-jeff-farrah/


California's prized redwood forests are going extinct: 'We're losing them at a rate that is something that we can’t sustain'

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California has lost over 1,760 square miles—nearly 7%—of its tree cover since 1985, according to a recent study.

https://fortune.com/2023/10/26/california-losing-forests-wildfires-drought-climate-change-redwoods-unsustainable/


Apple doubles the price of Apple TV+ in one year

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And that’s not the only service that will cost more.

https://fortune.com/2023/10/26/apple-tv-hikes-prices-again/


Desperate Arizona golf courses have finally figured out how to repel the pig-like Javelina pest: chili oil. ‘Even though they’re Southwest animals, they don’t like Southwest seasoning’

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Javelinas, desperate after a hot, rainless summer, have been ripping up turf on Southwest golf courses.

https://fortune.com/2023/10/26/arizona-golf-course-javelina-peccary/


Paul McCartney, Ringo Starr and Peter Jackson used AI for 'separating' a John Lennon vocal to make the very last Beatles song ever

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“This is the last track, ever, that you’ll get the four Beatles on the track. John, Paul, George, and Ringo,” Starr said in a recent interview with the AP.

https://fortune.com/2023/10/26/last-beatles-song-using-ai-now-and-then-peter-jackson-paul-mccartney-john-lennon/


Sam Bankman-Fried wants to throw FTX lawyers under the bus when he takes the stand, per court filing

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The defense also plans to prompt Bankman-Fried to testify about common practices in the crypto industry as well as why he pushed for the Bahamas to oversee FTX's bankruptcy.

https://fortune.com/crypto/2023/10/26/sam-bankman-fried-sbf-ftx-lawyers-advice-of-counsel-defense-case/


Bud Light inks sponsorship with Dana White’s UFC as it struggles to find a way to impress American beer drinkers after trans-ad debacle

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Bud Light to sponsor Dana White's popular combatants for the next six-years in bid to regain favor among American male consumers.

https://fortune.com/2023/10/26/bud-light-ufc-sponsorship-ufc-mma-dana-white-dylan-mulvaney/


DeSantis bans Students for Justice in Palestine from Florida college campuses for providing 'support' to Hamas

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SJP has played a central role in a campus movement known as BDS, calling for the boycott, divestment and sanction of Israel over its treatment of Palestinians.

https://fortune.com/2023/10/26/desantis-bans-students-for-justice-in-palestine-from-florida-college-campuses-hamas-israel/


Who is Morgan Stanley’s new CEO Ted Pick?

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Finally, after months of speculation, Morgan Stanley has announced that insider Edward “Ted” Pick will replace its outgoing CEO James Gorman. Here's how the industry veteran climbed the bank's ranks to the top role.

https://fortune.com/2023/10/26/who-morgan-stanleys-new-ceo-ted-pick-the-bank-veteran-succeed-james-gorman/


Italy loses its crown as Europe's top wine producer as hailstorms, floods and a soggy spring ruin its harvest

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Italy has been Europe's top wine-producer for seven years. But climate change has hurt its volumes and helped France and Portugal expand their harvests.

https://fortune.com/2023/10/26/italy-europe-top-wine-producer-france-portugal-copa-cogeca-climate-change/


America's junk food habit might go deeper than we think—a new study says sweet and salty snacks are as addictive as alcohol and cigarettes

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A new study published in the British Medical Journal found sweet and salty snacks release dopamine in the brain, akin to the behavior of drinking alcohol and smoking.

https://fortune.com/well/2023/10/26/junk-food-addictive-study-comparable-cigarettes-alchohol/


Mattel CEO says the brand will no longer be confined to toys: ‘We are here to build film franchises’

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Ynon Kreiz said the company would shift its focus after the blockbuster success of Greta Gerwig’s Barbie this summer.

https://fortune.com/2023/10/26/mattel-ceo-barbie-q3-movies-franchise/


Hong Kong hopes a one-off $2500 check for new parents will help lift one of the developed world's lowest birth rates

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Hong Kong's chief executive announced the 'baby bonus' on Wednesday—but much larger checks elsewhere in Asia haven't lifted birth rates.

https://fortune.com/2023/10/26/hong-kong-baby-bonus-low-birth-rate-population-fertility-chief-executive-john-lee/


Return-to-office mandates will just keep getting harsher as bosses stick to 'management by walking around'

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This doom loop could have been avoided if managers knew how to manage hybrid and remote workers well.

https://fortune.com/2023/10/26/return-to-office-mandates-getting-harsher-bosses-management-by-walking-around-gleb-tsipursky/


At least 16 dead in Maine mass shooting and hundreds of police hunt for shooter as residents lock down

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A police bulletin identified Robert Card, 40, as a person of interest in the attack that sent panicked bowlers scrambling behind pins when shots rang out around 7 p.m.

https://fortune.com/2023/10/26/deaths-maine-mass-shooting-police-hunt-shooter-robert-card-residents-ordered-lock-down/


Dozens of union workers arrested on Las Vegas Strip as thousands of hotel employees rally for new contracts

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The Culinary Workers Union overwhelmingly voted last month to authorize a strike if they don’t soon reach agreements with MGM Resorts International, Caesars Entertainment and Wynn Resorts.

https://fortune.com/2023/10/26/union-workers-arrested-las-vegas-strip-thousands-hotel-employees-rally-new-contracts/


Biden administration asks Congress for $56 billion in emergency spending for disaster relief, child care and high-speed internet

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The largest portion of the supplemental funding request, sent to Capitol Hill on Wednesday, includes more than $23 billion for disaster relief.

https://fortune.com/2023/10/26/biden-administration-congress-56-billion-emergency-spending-disaster-relief-child-care-high-speed-internet/


Ford reaches a tentative deal with striking autoworkers, marking a huge breakthrough in a work stoppage that's cost the industry billions

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The tentative deal includes a 25% wage hike. General Motors and Stellantis have yet to reach a similar agreement.

https://fortune.com/2023/10/25/ford-uaw-autoworker-strike-tentative-deal-contract/


Wall Street's most closely watched succession race—for Morgan Stanley's CEO job—finally has a winner

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The CEO said in May that he intended to step down within a year, setting off the final three-way race.

https://fortune.com/2023/10/25/morgan-stanley-ceo-job-james-gorman-ted-pick/


Meta's talk of uncertainty next year and 'volatility in the macro landscape' sends its shares tumbling

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Meta had appeared to recover from struggles in its ad business that began last year.

https://fortune.com/2023/10/25/meta-mark-zuckerberg-shares-warning-economy-ads/


New ethics questions swirl around Clarence Thomas after report says his $267,000 loan for a luxury RV seems to have been forgiven

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A friend of Thomas who made the loan, forgave the debt after nine years of what he called interest-only payments, says the report by Senate Democrats.

https://fortune.com/2023/10/25/clarenece-thomas-supreme-court-ethics-loan-forgiven-senate-democrats-say/


Representative to plea to misdemeanor for triggering fire alarm that disrupted effort to pass a funding bill and avert government shutdown

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Democratic Rep. Jamaal Bowman was charged Wednesday with a misdemeanor and is expected to pay a $1,000 fine.

https://fortune.com/2023/10/25/house-representative-pulled-fire-alarm-vote-rep-jamaal-bowman-misdemeanor/


Elon Musk just lost $28 billion as Tesla took a beating. Now Toyota says ‘people are waking up to reality’ that EV adoption will be an uphill battle

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"We’re transitioning to a brand new technology. It’s expensive. It requires people to have a different relationship with their vehicle that has been largely unchanged for decades," one expert said.

https://fortune.com/2023/10/25/toyota-chairman-akio-toyoda-electric-vehicles-ev-ford-gm-tesla-earnings-elon-musk/


A new RSV shot for babies is in such short supply that doctors have been advised to prioritize giving the drug to infants at high risk of severe disease

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RSV, or respiratory syncytial virus, is a common cause of cold-like symptoms that can be dangerous for young children.

https://fortune.com/well/2023/10/25/rsv-shot-shortage-prioritize-high-risk-babies/


Barbie doll sales boom for Mattel after the namesake's movie became a global blockbuster

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The company hopes to bring more of its brands to movies or TV shows and is developing films based Hot Wheels, Polly Pocket and a dozen others.

https://fortune.com/2023/10/25/barbie-sales-mattel-movie-film-doll/


Medicare will negotiate drug prices with Big Pharma for the first time. Here’s how your prescription costs might change

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Drug price negotiations will likely be a much bigger deal for the federal government than for many of Medicare’s 65.7 million beneficiaries.

https://fortune.com/well/2023/10/25/medicare-drug-price-negotiation-affect-prescription-costs/


Influencers want to hack your high mortgage rates for a new car or an extra vacation. 'This can be a great strategy,' housing market expert says—but only if you can really budget for it

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Want to save $83,000 over the 30-year life of a mortgage on a $300,000 home? Think carefully about what you’re really pursuing.

https://fortune.com/2023/10/25/mortgage-rates-payments-hack-housing-market-influencers-budget-savings/


Microsoft’s strong earnings on the back of its cloud business stole Alphabet and Sundar Pichai’s thunder

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Alphabet’s stock dropped almost 9% after its cloud division missed analyst expectations.

https://fortune.com/2023/10/25/google-earnings-call-stock-drop-microsoft-stock-up-cloud/


Neiman Marcus’ CEO says a key to his success is a habit Gen Z has forgotten

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For years, Geoffroy van Raemdonck sent 3 to 5 handwritten thank-you notes every day: “It really is this muscle.”

https://fortune.com/2023/10/25/neiman-marcus-ceo-geoffroy-van-raemdonck-thank-you-notes-gen-z-millennials/


GOP finally unites to elect Mike Johnson as House speaker, ending 3 weeks of Congressional chaos

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The Louisiana Republican, his party's fourth nominee after the previous candidates failed to get enough votes, will succeed Kevin McCarthy, who was deposed earlier this month.

https://fortune.com/2023/10/25/house-speaker-mike-johnson-elected-gop-republicans-congress/


Half of Amazon's warehouse workers are injured after just 3 years, according to study that revealed far more 'injury and pain' than previously known

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Critics say Amazon pushes employees to work too hard and too quickly, leading to avoidable injuries.

https://fortune.com/2023/10/25/amazon-worker-injuries-warehouse-study/


The end of 'Roe v. Wade' actually caused abortions to increase over the last 12 months—just in different places

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The report from the Society of Family Planning found the number fell to nearly zero in states with the strictest bans — but higher in states close to them.

https://fortune.com/well/2023/10/25/how-many-abortions-are-americans-having-after-roe-v-wade-report-study/


NYC firefighters were unable to save a man trapped in a jewelry vault. It opened on a timer the next morning

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The man became trapped while trying to access his safe deposit box at the World Diamond Tower at 580 Fifth Avenue.

https://fortune.com/2023/10/25/new-york-diamond-district-man-trapped-in-vault-firefighters-cant-open/


The 'Florida Man Games' are launching in February, with 2 former 'American Gladiators' as referees

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“We thought, ‘How can we really play on these Florida Man headlines that we hear so much about?’ ... It’s going to really be an opportunity to live that Florida Man life for a day.”

https://fortune.com/2023/10/25/florida-man-games-american-gladiator-referees-viral-news-stories/


There's a $1.4 trillion suck on productivity that has nothing to do with remote work, says a think tank economist

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Flexibility and better workflows can provide a solution.

https://fortune.com/2023/10/25/remote-work-could-make-economy-more-productive/


70-year-old Georgia woman burned by Dunkin’ coffee settles with franchisee for $3 million

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“Her burns were so severe that she spent weeks in the burn unit at Grady Health and has had to entirely alter the way she lives her life,” her attorney said.

https://fortune.com/2023/10/25/dunkin-settles-hot-coffee-lawsuit-3-million-70-year-old-woman-georgia/


Instacard Mastercard review: Lucrative rewards that go beyond groceries

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New cardholders also get a free year of Instacart+ and a $100 statement credit.

https://fortune.com/recommends/credit-cards/instacard-mastercard-review/


The man who named the bond vigilantes 40 years ago just crowned a new king as the bond market goes through a $tk trillion wobble

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Bill Ackman, who just reversed a big get against Treasuries, is the new king imposing government fiscal discipline.

https://fortune.com/2023/10/25/bill-ackman-king-bond-vigilantes-ed-yardeni-says/


Arizona man was so concerned by his son getting lessons on gender identity, subpar academics that he embraced private school vouchers and sent him to a Catholic school

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"I work and I pay all those taxes the same as everyone else," said Aaron Galaz. "We as parents can have a choice as to where those funds go."

https://fortune.com/2023/10/25/private-school-voucher-arizona-iowa-budget/


Amy Schumer’s memoir is one of tens of thousands banned from U.S. prisons in the ‘ultimate form of power of manipulation’

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Comic's memoir, "The Girl with the Lower Back Tattoo,” was flagged by Florida officials for graphic sexual content and being a "threat" to the correctional system.

https://fortune.com/2023/10/25/prison-book-bans-amy-schumer-memoir-pen-america-report/


After 3 failed attempts to elect a new speaker, Republicans put forward an obscure figure who rallied support for Trump's 2020 election challenge

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The GOP infighting shows no end as Mike Johnson becomes the fourth Republican nominee for House speaker.

https://fortune.com/2023/10/25/mike-johnson-fourth-house-speaker-nominee-republican-gop-congress/


Polychain Capital among group betting $20 million that first-person shooter ‘Shrapnel’ can succeed where other Web3 games have failed

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The game will launch a paid early access version in December.

https://fortune.com/crypto/2023/10/25/polychain-capital-20-million-first-person-shooter-shrapnel-web3-gaming/


Luxury shoppers are buying less Balenciaga and Gucci, in latest signs of an end to the ‘roaring 20s’

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Economic pressures have added to the list of challenges faced by the luxury giant behind Gucci and Yves Saint Laurent.

https://fortune.com/2023/10/25/kering-earnings-gucci-sales-decline-lvmh-luxury-spending/


Europe is headed for a ‘century of humiliation’ according to CEO of Nvidia rival

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European technology startups may have more success in the States—at least, that’s according to British chip designer Graphcore’s chief executive, Nigel Toon.

https://fortune.com/2023/10/25/europe-century-humiliation-ceo-graphcore-nvidia-rival-startups-america-ai/


U.K. changes unemployment measure because it can't reach Gen Zers and Millennials

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The U.K.'s stats body can't get through to younger generations, and it's fundamentally altered its labor market data.

https://fortune.com/2023/10/25/the-uk-unemployment-millennials-gen-z-phone-global-phenomenon/


China Evergrande’s founder is no longer a billionaire after the man once worth $42 billion loses 98% of his wealth

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Property tycoon Hui Ka Yan was once Asia’s second-richest person.

https://fortune.com/2023/10/25/china-evergrande-founder-net-worth-share-price-billionaire/


The energy transition is under threat as the Global South lags behind

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Together, we can make climate-smart economies the new global standard, write the IFC's Makhtar Diop and Masdar's Mohamed Jameel Al Ramahi.

https://fortune.com/2023/10/25/energy-transition-ithreat-global-south-climate-change-diiop-al-ramahi/


Pinduoduo founder Colin Huang surges past Alibaba's Jack Ma to become China's third-richest person

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Huang rose seven places on Hurun's annual list of China's wealthiest people, thanks to surging business at both Pinduoduo and Temu.

https://fortune.com/2023/10/25/pdd-founder-colin-huang-hurun-rich-list-pinduoduo-temu-china-richest-person/


Honda CEO says firm is ending partnership with GM to develop affordable EVs just as UAW strike is costing the U.S. automaker $200 million a week

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GM warned earlier this week that it can no longer say whether it will achieve its forecast for $14 billion in profit this year, blaming the United Auto Workers strike.

https://fortune.com/2023/10/25/honda-ceo-ending-partnership-gm-develop-affordable-evs-uaw-strike-automaker/


Executives with addictions are hiring sober companions for up to $4,000 a day for continuous recovery support. For some, they may be key to preventing relapse

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Long hours and high stress put executives and other company leaders at an increased risk for abusing alcohol and drugs.

https://fortune.com/well/2023/10/25/sober-companions-executives-addiction-recovery-journey-prevent-relapse/


Microsoft earnings finally show Wall Street AI's financial potential

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Higher-than-expected AI consumption contributed to revenue growth, Microsoft CFO Amy Hood said during the company’s earnings call.

https://fortune.com/2023/10/24/microsoft-earnings-q1-2024-ai-cloud-financial-results-wall-street/


Millions of Americans have ‘mild cognitive impairment’ and don’t know it, experts say. How the condition relates to Alzheimer’s—and what you can do about it

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99.9% of U.S. primary care clinicians are not sufficiently catching the condition in patients, according to a new report.

https://fortune.com/well/2023/10/24/what-is-mci-mild-cognitive-impairment-alzheimers-dementia-early-treatment/


Salmonella outbreak that's sickened 73 people in 22 states is linked to precut onions

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Gills Onions has recalled packages of diced yellow onions, red onions, onions and celery and a mix of onions, celery and carrots, known as mirepoix.

https://fortune.com/2023/10/24/salmonella-outbreak-bagged-precut-onions/


Child sex abuse images generated by AI risk flooding the internet if no new controls are put in place, watchdog warns

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The flood of deepfake child sexual abuse images could bog investigators down trying to rescue children who turn out to be virtual characters.

https://fortune.com/2023/10/24/ai-generated-child-sex-abuse-images/


An economic warning sign that preceded two past recessions is flashing ominously red again

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The last time Treasury bond yields climbed so far, so fast, the nation plunged into back-to-back recessions.

https://fortune.com/2023/10/24/treasury-bond-yields-economy-us/


U.S. is creating a Middle East evacuation plan in case Israel-Hamas war spreads: 'It would be imprudent and irresponsible if we didn’t'

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The White House said there is currently no “active efforts” to evacuate Americans from the region beyond earlier charter flights from Israel.

https://fortune.com/2023/10/24/u-s-middle-east-evacuation-plan-israel-hamas-gaza/


Snap’s stock wobbles as it yanks guidance on ‘unpredictable nature of war’

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“We believe it would be imprudent to provide formal guidance for Q4,” the Snapchat parent said, although it disclosed an “internal forecast.”

https://fortune.com/2023/10/24/snap-earnings-no-guidance-war-israel-palestine-hamas-gaza/


Tom Emmer abandons House Speaker bid just hours after becoming the latest GOP nominee, adding to the Congressional chaos

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The House GOP whip reversed course after Donald Trump objected to his nomination and  House hardliners denied the  the votes he would need for the gavel.

https://fortune.com/2023/10/24/tom-emmer-abandons-house-speaker-bid-just-hours-after-becoming-the-latest-gop-nominee-adding-to-the-congressional-chaos/


Increased flexibility helps women at work, but workplace trust helps even more

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The Best Workplaces for Women prioritize pay equity, approachable leaders, staff recognition, meaningful work, and more.

https://fortune.com/2023/10/24/best-workplaces-women-trust-fair-pay-meaningful-work-mental-health/


Houston mayor candidate says she's 'not perfect' after unverified recording emerges of her calling staff 'idiots who serve no g*****n purpose'

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The woman in the recording berates the staffer she is talking to and another staff member, whom she described as a “fat ass stupid idiot.”

https://fortune.com/2023/10/24/houston-mayor-candidate-sheila-jackson-lee-recording-insulting-staffers/


Spain wants to cut its workweek to 37.5 hours with unemployment reaching a 15-year low of 11.6%

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Spain’s Socialist Party and the far-left group Sumar agreed to cut weekly working hours as part of talks to try to form a coalition government.

https://fortune.com/2023/10/24/spain-workweek-37-5-hours-unemployment-coalition-government-socialism-sumar/


U.S. Bank Altitude Go Visa Signature Card: a cash-back card that earns you extra on dining out, groceries, and streaming services

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Cardholders can earn more rewards when they dine out or grocery shop with the U.S. Bank Altitude Go Visa Signature Card, a cash-back card with no annual fee.

https://fortune.com/recommends/credit-cards/us-bank-altitude-go-visa-signature-card-review/


Bill Kenwright, British theater impresario and longtime chairman of Everton Football Club, dead from cancer at 78

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Wayne Rooney, who broke through at Everton as a 16-year-old, wrote that Kenwright “had a huge impact on me as a person and my career.”

https://fortune.com/2023/10/24/obituary-bill-kenwright-british-theater-impresario-longtime-chairman-everton-football-club-soccer/


Fortress CEO Scott Purcell steps down after crypto custodian’s sale to Ripple falls through

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The crypto custodian was the victim of a multimillion-dollar hacking incident in September.

https://fortune.com/crypto/2023/10/24/fortress-ceo-scott-purcell-steps-down-layoffs-ripple-acquisition/


It's 52% more expensive to buy than rent in this housing market and shoppers are pulling out of contracted offers left and right

An estimated 53,000 home purchase agreements were canceled in September, Redfin says. The housing market winter is chilly indeed.

https://fortune.com/2023/10/24/housing-market-52-percent-more-expensive-to-buy-than-rent-offers-pulled-affordability/


We ranked the best cash back cards available today. Here's what made the top 5

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

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


The same day GM posted a $3 billion quarterly profit, 5,000 more workers walked off the job

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The strike hit Arlington, Texas, which makes the big truck-based SUVs that are among GM's most profitable vehicles.

https://fortune.com/2023/10/24/general-motors-uaw-strike-5000-workers-arlington-texas-quarterly-earnings-profit/


Goldman just dropped a housing market forecast for 2024 and sees high home prices, higher mortgage rates—and the lowest number of existing home sales since the early ‘90s

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The bank expects supply to remain tight but high rates to weigh on affordability, it predicted in its updated 2024 housing outlook.

https://fortune.com/2023/10/24/housing-market-forecast-goldman-sachs-home-prices-mortgage-rates-affordability/


Merger with Chevron won't mean the end of the Hess toy truck

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Chevron deal won’t put an end to the holiday tradition.

https://fortune.com/2023/10/24/hess-toy-trucks-chevron-merger-53-billion/


113-year-old candy corn giant owns nearly 90% of the market with 30 million pounds per year of a product that divides trick-or-treaters

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“It's the flavor, I think, that puts some people off," says candy scientist Richard Hartel. "It sort of tastes like butter and honey."

https://fortune.com/2023/10/24/candy-corn-halloween-88-5-million-industry-brachs/


If you own an apartment in Seattle, your value could crater by over 30%, Capital Economics says. But renters could finally catch a break

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West coast markets will see "the greatest pain," the research firm found, and Seattle apartment vacancies will see "a huge increase," doubling by 2025.

https://fortune.com/2023/10/24/how-much-seattle-west-coast-apartment-worth-landlords-rents-capital-economics-forecast/


McDonald's to offer 'Free Fries Friday' through the end of 2023

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"Free" is a relative term. You’ll also have to make an order of $1 or more to get the fries.

https://fortune.com/2023/10/24/mcdonalds-free-french-fries-friday-app/


Coinbase and MicroStrategy among crypto-linked stocks soaring as Bitcoin hits $35,000 for first time since 2022

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The cryptocurrency broke through $30,000 on Monday.

https://fortune.com/crypto/2023/10/24/bitcoin-35000-coinbase-microstrategy-spot-etf/


A Palestinian artist who teaches college in Massachusetts is one of the 18 people chosen by George Soros' foundation for its class of 2023

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"It’s our duty to find the strength to keep the despair at bay in the face of the unimaginable," says Nida Sinnokrot.

https://fortune.com/2023/10/24/soros-art-fellows-2023-palestinian-artist-nida-sinnokrot/


The 4-day workweek could be the best way to bridge the gender pay gap–and the companies that have tried it are living proof

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Companies such as Kickstarter, Microsoft Japan, and Unilever have proved that a shorter workweek can benefit working mothers–and business results.

https://fortune.com/2023/10/24/4-day-workweek-best-way-bridge-gender-pay-gap-companies-living-proof-mansoor-soomro/


At least 7 people are dead near New Orleans because of a 'superfog' that caused a pileup on Interstate 55

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Vehicles were crushed, piled atop each other and engulfed by flames as an estimated 158 piled up, with 25 people injured.

https://fortune.com/2023/10/24/superfog-new-orleans-highway-pileup-car-crash-interstate-55/


Detroit's striking auto workers took an $800 million chunk out of General Motors, CFO says—and $200 million a week next year

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Those figures include only factories on strike now with less than a third of the company's workforce on the picket lines, CFO Paul Jacobson said.

https://fortune.com/2023/10/24/general-motors-earnings-uaw-strike-cfo-says-800-million-impact/


Elon Musk fears the West is foolishly 'sleepwalking our way into World War III'

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Urging an immediate ceasefire in Ukraine, the SpaceX CEO wants to trade land for peace so the West can normalize relations with Vladimir Putin.

https://fortune.com/2023/10/24/elon-musk-ukraine-russia-china-world-war-vivek-ramaswamy/


JPMorgan CEO Jamie Dimon slams central banks for their ‘100% dead wrong’ forecasts and ‘omnipotent feeling’

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The Wall Street veteran also weighed in on whether interest rates could go higher.

https://fortune.com/2023/10/24/jpmorgan-ceo-jamie-dimon-central-banks-inflation/


Deepak Chopra, a global leader in alternative medicine, mindfulness, and meditation, is getting into the $814 billion wellness tourism business

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A luxury cruise meets mindfulness teachings in this partnership for self-care at sea.

https://fortune.com/well/2023/10/24/deepak-chopra-wellness-tourism-cruise/


‘Bond King’ Bill Gross says it's time to stop betting against bonds and get ready for a economic slowdown: 'Recession in the 4th quarter'

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'Bond King' Bill Gross said a recession is coming for the U.S. economy in the fourth quarter.

https://fortune.com/2023/10/24/bond-king-bill-gross-recession-prediction-q4-bonds/


Chinese retailers are already slashing the prices of the iPhone 15 by over $100 amid reports of a sluggish launch for Apple's latest smartphone

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Analyst reports are suggesting that Apple's latest iPhone may be struggling in the Chinese market.

https://fortune.com/2023/10/24/chinese-retailers-slash-prices-iphone-15-singles-day-discounts/


Former top crypto regulator moves to $7.5 billion startup Fireblocks as director of digital identity

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Peter Marton was previously the deputy superintendent of virtual currency at the New York Department of Financial Services.

https://fortune.com/crypto/2023/10/24/peter-marton-fireblocks-director-of-digital-identity-new-york-department-of-financial-services-ny-dfs/


The average American household has achieved millionaire status

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It many be hard to believe it while money is so tight amid the cost of living crisis, but the average American household has achieved millionaire status.

https://fortune.com/2023/10/24/standard-american-household-millionaires-federal-reserve-research/


‘Peak Oil’ will arrive by 2030, IEA predicts for the first time

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The predicted peak, which the agency also anticipates for coal and natural gas, doesn’t mean a rapid plunge in fossil fuel consumption is imminent.

https://fortune.com/2023/10/24/global-oil-demand-peak-2030-iea-predicts-first-time/


UAW expands automaker strike as 6,800 workers walk out at Stellantis plant that makes Ram pickups, shutting down huge profit center

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The union says that 6,800 members walked out Monday morning and shut down the Sterling Heights, Michigan, Assembly Plant, a huge profit center for the company.

https://fortune.com/2023/10/24/uaw-expands-automaker-strike-6800-workers-walk-out-stellantis-plant-ram-pickups-huge-profit-center/


Tom Cruise's next 'Mission: Impossible' pushed back a year to 2025 as actors strike passes 100 days

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It signals a new wave of release schedule juggling for Hollywood studios as the actors strike surpasses three months of work stoppage.

https://fortune.com/2023/10/24/tom-cruise-mission-impossible-paramount-delayed-2025-actors-strike-100-days/


Video gamers face a poorer reality as YouTube and Twitch reconsider multi-million dollar streaming deals: 'I don't think that's a sustainable business'

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Streaming giants are phasing out big-money content deals with top gamers after years of making seven- and eight-figure offers.

https://fortune.com/2023/10/23/video-gamers-youtube-twich-streaming/


Anxiety is gripping China’s stock market more than anytime in the past year as the 'Fear and Greed' indicator slumps

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The Fear and Greed indicator, measuring buying strength versus selling strength, for the Shanghai Composite fell to its lowest level since October 2022.

https://fortune.com/2023/10/23/china-stock-market-shanghai-index-fear-and-greed-indicator-slumps/


Mitt Romney and investor Seth Klarman lay into Harvard for failing to protect Jewish students 'amidst the meteoric rise in antisemitism

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They cited “threatening” demonstrations by pro-Palestinian students and said Jewish students have locked themselves in dorm for fear of their own safety.

https://fortune.com/2023/10/23/harvard-antisemitism-romney-klarman-israel-gaza-hamas/


Feds charge 4 men with stealing 6 tons of dimes from a tractor-trailer leaving Philadelphia mint while the driver slept

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Authorities say the theft of coins was part of a spree of tractor-trailers robberies that also netted the thieves frozen crab legs, shrimp, meat, beer and liquor.

https://fortune.com/2023/10/23/coin-theft-6-tons-dimes-u-s-mint-charges/


Police say they have no suspects but several 'people of interest' in stabbing killing of a Detroit synagogue leader

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"There are very intricate details about this case that, if revealed, could really damage what we're trying to accomplish," Chief James White told reporters.

https://fortune.com/2023/10/23/samantha-woll-stabbing-people-of-interest/


Brooklyn Org explains its recent name change: ‘There is nothing wrong with the word ‘foundation,’’ but it ‘feels a little old and a little controlling’

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'We want to be a model for how philanthropy can be different,' says head of foundation that lets residents research and pick nonprofits to receive grants.

https://fortune.com/2023/10/23/brooklyn-community-foundation-rename-brooklyn-org-name-change/


Qatar Airways CEO, who once called U.S. carriers ‘crap’ and apologized for his comments about women executives, steps down after 27 years at the helm

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CEO Akbar Al Baker, who was known as one of the most outspoken leaders in the airline industry, is retiring effective Nov. 5.

https://fortune.com/2023/10/23/qatar-airways-ceo-akbar-al-baker-retirement/


Baby brand founded by actors Kristen Bell and Dax Shepard files for bankruptcy after being torpedoed by high shipping and production costs

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Hello Bello attempted to keep those costs in check by building its own diaper factory in Texas, but the maneuver further strained its finances.

https://fortune.com/2023/10/23/hello-bellow-kristen-bell-dax-shepard-bankruptcy/


Anthony Pratt, the Australian billionaire Trump accused of getting nuclear secrets from Trump, has a net worth of $9 billion from a cardboard company he inherited from his father

Pratt spent years getting in the good graces of former president Trump, who called him a “red haired weirdo” this weekend.

https://fortune.com/2023/10/23/who-is-anthony-pratt-australian-billionaire-trump-nuclear-secrets/


China's latest war against Taiwan-based Foxconn has 'all the hallmarks of a political crackdown' and adds to a push to put foreign firms on notice

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Beijing has been intensifying its scrutiny of Western businesses amid growing geopolitical tensions.

https://fortune.com/2023/10/23/china-foreign-firms-crackdown-arrests-foxconn-wpp-probe/


RTO mandates aren’t working: Most workers are ready to quit for a remote job, even if it means a pay cut

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That’s bad news for bosses who are holding onto the hope of a full office return.

https://fortune.com/2023/10/23/office-workers-remote-work-over-money-quit-jobs/


An off-duty pilot tried to shut down the engines of a flight to San Francisco and had to be subdued, authorities say

The 44-year-old is being held on 83 counts each of attempted murder and reckless endangerment and one count of endangering an aircraft, authorities said.

https://fortune.com/2023/10/23/horizon-air-off-duty-pilot-engines-subdiued/


Tesla warns that a federal probe into whether it exaggerated the range of its cars may lead to a 'material adverse impact on our business'

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Earlier this year, Reuters reported that Tesla had created a special “diversions team” to avoid dealing with complaints from customers about their vehicle ranges.

https://fortune.com/2023/10/23/tesla-doj-investigation-car-vehicle-range-personal-benefits/


Billionaire hedge funder Bill Ackman is suddenly more worried about a 'slowing' economy than inflation—and he's putting his money where his mouth is

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“The economy is slowing faster than recent data suggests,” Ackman warned in a Monday post on X, formerly Twitter.

https://fortune.com/2023/10/23/billionaire-hedge-funder-bill-ackman-slowing-economy-recession-short-30-year-treasuries-ends-bet/


The most famous recession predictor of them all has been warning of a downturn—here's how you can prepare

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The inverted yield curve has predicted nearly every recession in the past few decades. It’s been inverted since last year but where is the downturn?

https://fortune.com/recommends/investing/the-inverted-yield-curve-recession/


Here’s the climate movement’s biggest mistake since the 1970s, according to the climate scientist who won the Nobel Prize alongside Al Gore

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'One of our signal failures, decades ago, was to accept the false choice pitting climate change mitigation against economic growth.'

https://fortune.com/2023/10/23/climate-movement-biggest-mistake-since-1970s-scientist-who-nobel-prize-al-gore-david-schimel/


Elon Musk’s Tesla subpoenaed over its FSD self-driving feature—'There exists the possibility of a material adverse impact on our business'

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In a regulatory disclosure, the EV maker revealed the Department of Justice had escalated its probe into Tesla's autonomous driving technology.

https://fortune.com/2023/10/23/elon-musk-tesla-subpoena-fsd-autopilot-justice-department-law-enforcement/


Georgia's Medicaid program—the only one in the U.S. with a work requirement—has only enrolled 1,343 residents in 3 months

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Critics say many low-income people struggle to document the required 80 hours a month of work.

https://fortune.com/well/2023/10/23/georgia-medicaid-work-requirement-low-enrollment/


U.S. retirement programs fall far short of the top in global rankings

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America earns a C+.

https://fortune.com/2023/10/23/u-s-retirement-system-global-rankings/


The comic where Spider-Man first appeared is on sale for $35K at this Milwaukee shop

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The comic book was written by Marvel Comics icon Stan Lee and published in 1962.

https://fortune.com/2023/10/23/first-spider-man-appearance-comic-book-on-sale-stan-lee/


Spot Bitcoin ETF buzz carries top cryptocurrency closer to $31,000

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The cryptocurrency had its highest weekly gain since June.

https://fortune.com/crypto/2023/10/23/spot-bitcoin-etf-buzz-31000-jpmorgan-blackrock-microstrategy/


Exclusive: With the dream of homeownership ‘threatened’ by the frozen housing market, the $15m-funded Visible platform wants to give power back to 'the little guy'

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Former Square exec Andrew Borovksy wants to help all the "accidental landlords" out there. He sees a "giant, untapped space."

https://fortune.com/2023/10/23/visible-startup-raises-15-million-seed-funding-exclusive-housing-real-estate-financial-network/


With auto workers’ strike in its 5th week, some academics say UAW president’s ‘audacious’ demands have gone too far

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Shawn Fain has made more gains for the UAW than anyone expected, but "now is the critical point where you pull the package together," one Berkeley professor said.

https://fortune.com/2023/10/23/shawn-fain-uaw-president-detroit-auto-workers-strike/


Saudi crown prince Mohammed bin Salman’s 2030 growth plan bears fruit as Hyundai inks deal to join Lucid as next carmaker in the Gulf

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As the IEA predicts global demand for transport fuels will peak in 2026, the Saudi monarchy is in a race to diversify its economy by the end of the decade.

https://fortune.com/2023/10/23/saudi-arabia-mohammed-bin-salman-economy-reforms-cars-automotive-hyundai-lucid/


Nvidia boss says ‘nobody in their right mind’ would start a company, and he’d opt out if he could go back in time

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Jensen Huang cofounded and leads one of the world’s most valuable firms.

https://fortune.com/2023/10/23/nvidia-ceo-jensen-huang-tech-startup-entrepreneur/


The 'Big Stay' isn’t going away as the labor market stops rewarding job hoppers, according to ADP payroll data

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Workers who change jobs are no longer being rewarded with pay gains, says the ADP Research Institute, which tracks the pay of 22 million U.S. workers.

https://fortune.com/2023/10/23/big-stay-going-away-labor-market-stops-rewarding-job-hoppers-adp-data-careers-nela-richardson/


Elon Musk might have lost a fortune on Tesla stock but ARK’s Cathie Wood is sticking by him—saying the ‘intensity of his brain cells’ takes him to new levels when facing hardship

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Tesla's stock has taken a hit after a lackluster earnings call—but ARK CEO Cathie Wood says Elon Musk is pushed to new heights by turmoil.

https://fortune.com/2023/10/23/elon-musk-lost-fortune-tesla-stock-ark-cathie-wood-intensity-brain-cells-new-levels-facing-hardship/


Britain’s return-to-office push pays off—more people are back 5 days than working from home for the first time since COVID-19

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The number of U.K.-based employees spending their entire week in the office jumped, while those working remotely has dropped in the last year, Hayes found.

https://fortune.com/2023/10/23/britain-return-to-work-hybrid-remote-jobs-covid-19/


Tel Aviv-based Blockaid raises $33 million to help root out nefarious crypto wallets

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Blockaid seeks to stop scammers by adding a layer of security that identifies and blocks wallets known to be nefarious.

https://fortune.com/crypto/2023/10/23/tel-aviv-crypto-security-blockaid-33-million-funding-round-israel-hamas/


Uber’s expanding into air travel, but not with planes—it’s started offering hot air balloons in Turkey

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Riders will be able to book Uber Balloons for $159 each in the scenic Turkish getaway of Cappadocia.

https://fortune.com/2023/10/23/uber-hot-air-balloon-rides-turkey/


Chevron will acquire Hess for $53 billion in new oil megadeal days after Exxon announces buy of shale giant Pioneer

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This is the second major deal in the US oil industry in just a few weeks.

https://fortune.com/2023/10/23/chevron-acquire-hess-53-billion-oil-megadeal-exxon-shale-giant-pioneer/


Biden administration will designate 31 'tech hubs' in 32 states and Puerto Rico as part of 2022 CHIPS and Science Act

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The $500 million for the process came from a $10 billion authorization in last year’s CHIPS and Science Act to stimulate investments in new technologies such as artificial intelligence, quantum computing and biotech.

https://fortune.com/2023/10/23/biden-administration-designate-31-tech-hubs-32-states-puerto-rico-chips-science-act/


Hollywood actors and studios prepare to restart talks as strike hits record 100 days amid fight over per-subscriber streaming charge

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Here's a look at where things stand, how their stretched-out standoff compares to past strikes, and what happens next.

https://fortune.com/2023/10/23/hollywood-sag-aftra-actors-studios-restart-talks-strike-record-100-days-fight-per-subscriber-streaming-charge/


Minimum 15% global corporate tax has so many loopholes it will only generate half the revenue expected, report warns

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An EU watchdog group estimates that a 15% minimum tax could have raised roughly $270 billion in 2023. With the loopholes, it says, that figure drops to about $136 billion.

https://fortune.com/2023/10/23/minimum-15-global-corporate-tax-loopholes-generate-half-revenue-expected-eu-tax-observatory/


Taylor Swift rakes in another $31 million, holds off Martin Scorsese's 'Killers' to stay atop the box office

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“Killers of the Flower Moon," which cost Apple Studios at least $200 million, debuted with $23 million, the third-best opening for Martin Scorsese.

https://fortune.com/2023/10/22/weekend-box-office-taylor-swift-concert-film-beats-scorsese-killers-flower-moon/


Roche is using AI to find the hardest-to-find lung cancer patients, with a potential blockbuster drug on the line

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Roche is looking for people with an error in a gene called ALK found in only about 4% to 5% of lung cancer patients, most of whom go undiagnosed.

https://fortune.com/well/2023/10/22/roche-using-ai-to-find-lung-cancer-patients-alecensa-drug-trial/


Work futurist on whether AI will take your job: Humans have 'innate sense of laziness'

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The Future Today Institute CEO says we are "sort of biologically wired to expend as little energy as possible — it’s literally within our cellular structure."

https://fortune.com/2023/10/22/future-of-work-will-ai-take-my-job-amy-webb-humans-innate-laziness-biology/


Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions

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Bloomberg surveyed economists from around the world and they're pondering lots of things, including the 2% inflation target and "higher for longer" rates.

https://fortune.com/2023/10/22/economists-central-bankers-rethink-inflation-quantitative-easing-bubbles-distortions/


Hezbollah's reaction to the Israel-Hamas war could finally answer whether the group cares more about Lebanon or being a proxy for Iran

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The Israeli-Palestinian conflict has been spilling into Lebanon since 1948, says Notre Dame historian Asher Kaufman

https://fortune.com/2023/10/22/what-will-hezbollah-do-israel-hamas-war-palestine-lebanon-iran/


Philadelphia Orchestra musicians just won a 15.8% raise from their $152,256 base salary

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The deal eliminates a lower rate of overtime for playing movies and calls for two days of rest after most Sunday concerts.

https://fortune.com/2023/10/22/philadelphia-orchestra-musicians-15-8-percent-raise-union/


Australia and China have had a beef over wine since 2020. That's changing as the PM will make his first visit to Beijing in 7 years

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China agreed to review its tariffs on Australian wine, Anthony Albanese's office said, while Australia has suspended its complaint to the WTO.

https://fortune.com/2023/10/22/australia-china-wine-tariffs-imports-first-beijing-visit-7-years/


One of the world's biggest tech conferences is planning to go ahead in Lisbon after its CEO resigned over comments critical of Israel

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Paddy Cosgrave's last post on X after his resignation: "Bye for now. Need some time off this platform."

https://fortune.com/2023/10/22/web-summit-will-go-ahead-lisbon-portugal-ceo-paddy-cosgrave-quits-israel-hamas/


How to watch or stream Week 7 of the NFL’s 2023 season football live online free without cable

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Maybe we should encase the QBs in bubble wrap this week…

https://fortune.com/2023/10/22/watch-stream-nfl-football-games-live-online-free-without-cable-2023-season-week-7-what-channel-fox-cbs-abc-nbc-espn/


Grandma and grandpa are taking over TikTok: Retired boomers find success and fame in the app made for Gen Z

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The new kids on the block are senior citizens—retirees are making it big as TikTok influencers.

https://fortune.com/2023/10/22/retired-boomer-tiktok-influencers-success-fame/


A couple in L.A.’s film industry make over $100k combined but have given up hope of buying a house: ‘It's impossible if you're not rich’

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Emily Blake and her husband have a $1,750 rent-controlled apartment, but says they’ll never be able to buy “unless we change careers and move out of L.A.”

https://fortune.com/2023/10/22/housing-market-unaffordable-los-angeles-couple-rent-control-100000-salaries/


'The best news': U.S. teenage hostage and her mother freed by Hamas are 'doing very good,' father says

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American teen hostage Natalie Raanan and her mother, Judith, were freed from Gaza after two weeks.

https://fortune.com/2023/10/20/israel-hamas-war-gaza-us-hostages-released/


Google and Meta join growing list of companies quitting Europe's biggest tech conference after the event's leader vented about Israel

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The head of Web Summit criticized Western support for Israel after the Hamas attacks.

https://fortune.com/2023/10/20/web-summit-google-meta-stripe-pull-out-israel-hamas-gaza/


A U.S. man is working to regain his strength a month after receiving a heart transplant—from a genetically modified pig. His body has yet to reject it

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He was dying from heart failure and ineligible for a traditional heart when doctors offered a highly experimental surgery.

https://fortune.com/well/2023/10/20/heart-transplant-recipient-genetically-modified-pig-still-alive-one-month-no-rejection/


Capital One Savor Rewards review: the cash back card for gourmets

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The Capital One Savor Rewards card provides unlimited 4% cash back at dining and 3% cash back at grocery stores.

https://fortune.com/recommends/credit-cards/capital-one-savor-rewards-card-review/


The housing winter arrives early as existing home sales crash to Great Recession levels and the long-feared ‘deep freeze’ sets in

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Zillow warned in May that housing would enter a "deep freeze" if mortgage rates hit 8%. They came anyway—and existing home sales hit a 13-year low.

https://fortune.com/2023/10/20/housing-market-deep-freeze-existing-homes-sales-great-recession-13-years/


Nike is the latest company to up its return to office policy from 3 days to 4

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More and more companies are bringing down the hammer on returning to the office.

https://fortune.com/2023/10/20/nike-changes-return-to-office-policy-four-days/


OrangeTheory CEO: 6 things in my daily routine that help slow aging and add years to my life

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For Dave Long, the CEO of Orangetheory—the fitness company comprising over 1,500 studios across 25 countries—wellness is more than his business venture

https://fortune.com/well/article/orangetheory-ceo-daily-routine-slow-aging-dave-long/


Republicans dump Jim Jordan as House Speaker nominee, leaving Congress in crisis yet again

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For more than two weeks the stalemate has shut down the U.S. House, leaving a seat of American democracy severely hobbled at a time of challenges.

https://fortune.com/2023/10/20/jim-jordan-house-speaker-republicans-rejected/


The last week of FTX, according to the private messages of Sam Bankman-Fried, Caroline Ellison, Gary Wang, and Nishad Singh

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“I just had an increasing dread of this day that’s been weighing on me for a long time,” Ellison, former CEO of Alameda Research, texted Bankman-Fried.

https://fortune.com/crypto/2023/10/20/ftx-final-week-private-messages-sam-bankman-fried-caroline-ellison-gary-wang-nishad-singh/


Bitcoin breaks $30K as ETF rumors swirl

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There were signs this week that volatility may finally be returning to the crypto markets.

https://fortune.com/crypto/2023/10/20/bitcoin-price-soars-bitcoin-etf-sec-rumors/


Elon Musk's X/Twitter has stripped the New York Times’ of its gold verification badge

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It’s not the first time the company has taken away the news organization’s verification.

https://fortune.com/2023/10/20/elon-musk-x-twitter-removes-new-york-times-gold-verification-badge/


Owing $1.1 billion to Sandy Hook parents, Alex Jones is trying to hide behind bankruptcy. A judge just slapped him down

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After 26 people were killed by a gunman at Sandy Hook Elementary School in 2012, Jones made a false conspiracy theory a centerpiece of his programing on his flagship Infowars show.

https://fortune.com/2023/10/20/alex-jones-bankruptcy-pay-sandy-hook-families-school-shooting/


Bombshell Stanford study finds ChatGPT and Google's Bard answer medical questions with racist, debunked theories that harm Black patients

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OpenAI and Google responded that they have been working to reduce bias in their models, which sometimes made completely unscientific statements.

https://fortune.com/well/2023/10/20/chatgpt-google-bard-ai-chatbots-medical-racism-black-patients-health-care/


Trump is facing off with Sidney Powell, his own lawyer who pleaded guilty and agreed to testify against him in the racketeering investigation

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Powell, who was charged alongside Trump and 17 others, agreed to testify against her co-defendants at future trials. She is the second defendant in the case to reach a deal with prosecutors.

https://fortune.com/2023/10/20/donald-trump-lawyer-sidney-powell-pleads-guilty-2020-election-investigation/


China’s birth rate crisis is so intense that Nestlé is closing a baby formula plant as demand dwindles

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Nestlé's operations in Askeaton, Ireland, will be moved to China and Switzerland, as falling births in China dent baby formula demand.

https://fortune.com/2023/10/20/nestle-baby-formula-plant-ireland-close/


As Israel-Hamas war sends oil prices as high as $96 per barrel, IEA head says it's 'definitely not good news' for the market

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Markets will remain volatile, and the conflict could push oil prices higher, "which is definitely bad news for inflation,” said IEA executive director Fatih Birol.

https://fortune.com/2023/10/20/oil-price-outlook-israel-hamas-war-definitely-not-good-news-iea/


Stricter verification laws in the U.S. won’t stop international terrorists from using crypto

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The U.S. doesn't need new legislation or enforcement tools to go after Hamas's crypto holdings.

https://fortune.com/crypto/2023/10/20/stricter-verification-laws-in-the-u-s-wont-stop-international-terrorists-from-using-crypto/


Striking actors told not to dress up as Hollywood-centric stars this Halloween

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SAG-AFTRA members have boycotted their own movie premiers to avoid breaking strike rules.

https://fortune.com/2023/10/20/sag-aftra-actors-strike-celebrity-halloween-costumes/


Employees are so sick of the five-day workweek that most would take a pay cut to make it happen

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The 4-day week has been proven to increase productivity and world-life balance. Now staff say they'll take a pay cut to make it happen.

https://fortune.com/2023/10/20/uk-workers-four-day-week-pay-cut-work-less/


Why boomers are catching up with AI faster than Gen Zers, according to Microsoft’s modern work lead

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Digital natives, who we might expect to be at the forefront of this technological shift, are falling behind.

https://fortune.com/2023/10/20/boomers-catching-up-ai-faster-gen-z-microsoft-modern-work-lead/


Future of Finance: Coinbase’s Shirzad on public policy, crypto companies shaking off the FTX stigma, and empowering the unbanked

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Shirzad said it it's frustrating that Bahamas-based FTX has sullied the image of domestic crypto players.

https://fortune.com/crypto/2023/10/20/future-of-finance-coinbase-faryar-shirzad-crypto-legislation-congress-national-security-china/


LinkedIn is going through a vibe shift as Twitter trolls and harassment get sprinkled in with workplace updates

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The mass exodus from Elon Musk’s X may mean people are congregating on LinkedIn, but being a mainstream social platform comes at a price.

https://fortune.com/2023/10/20/linkedin-oversharing-harassment-trolls-professional-personal-boundaries/


Beijing could scupper another merger involving a US chips firm just as the Biden administration clamps down on China’s tech sector

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A delay could be retaliation for new U.S. controls on sales of advanced AI chips to China.

https://fortune.com/2023/10/20/beijing-delay-approval-broadcom-vmware-merger-intel-tower-china-us-chips/


FDA is considering a ban on certain hair-straightening chemicals: It would be a 'win for public health—especially the health of Black women'

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Research shows that certain hair-straightening chemicals that have been used by Black women for years may increase the risk of uterine cancer.

https://fortune.com/well/2023/10/19/fda-considering-ban-hair-straightening-chemicals-relaxers-uterine-cancer-black-women/


Actor Marlon Wayan says he's the victim of discrimination by a United Airlines gate agent and is being unfairly prosecuted for it

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A gate agent told him he could not get on a flight with three bags while allowing white passengers with a similar number of bags aboard, according to a court filing.

https://fortune.com/2023/10/19/marlon-wayans-united-airlines-discrimination-lawsuit/


Israelis can now visit the U.S. for 90 days without a visa amid the Israel-Hamas war

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The U.S. had said Israelis could start traveling to America without visas as of November 30, but that program was implemented early.

https://fortune.com/2023/10/19/us-travel-visa-90-days-israel-hamas-war/


Eating even 2 servings of red meat a week could significantly raise your risk of diabetes. 10 protein-packed alternatives that can boost your health—and the planet’s

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If you’re wondering what to eat instead, there are plenty of options.

https://fortune.com/well/2023/10/19/eating-even-2-servings-of-red-meat-a-week-could-significantly-raise-your-risk-of-diabetes-10-protein-packed-alternatives-that-can-boost-your-health-and-the-planets/


Atlantic hurricanes are now twice as likely to go from wimpy to catastrophic in 24 hours than in decades past

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When storms rapidly intensify, it makes it difficult for people in the storm’s path to decide on what they should do.

https://fortune.com/2023/10/19/hurricanes-rapid-intensification-twice-as-likely-atlantic-ocean/


Elon Musk’s net worth just plunged $16 billion in a single day after Tesla's poor earnings sent its stock spiraling 9%

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Musk is still the richest person on the planet with a fortune of $209.6 billion.

https://fortune.com/2023/10/19/elon-musk-wealth-net-worth-tesla-earnings-stock-down/


Skechers executives spent millions on corporate jets to vacation in Fiji and Bora Bora without the board trying to stop them, lawsuit says

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Skechers executives incurred costs of $139,000 to $1.1 million apiece on personal travel in each of the last few years, according to court filings.

https://fortune.com/2023/10/19/skechers-executives-corporate-jets-lawsuit/


California Sen. Laphonza Butler decides not to run for full term in 2024

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“Knowing you can win a campaign doesn't always mean you should run a campaign," said the senator named to Dianne Feinstein's seat.

https://fortune.com/2023/10/19/california-senator-laphonza-butler-wont-run-2024-dianne-feinstein/


Convoy, a Bezos-backed trucking tech company valued at $3.8 billion last year, is shutting down

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Many investors in the startup could see their stake go to zero, though at least one hit a home run.

https://fortune.com/2023/10/19/convoy-trucking-tech-startup-shuts-down-jeff-bezos-investor/


Intel and Siemens just pulled out of Europe's biggest tech conference after its leader criticized Western support of Israel after terror attacks

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Paddy Cosgrave, who runs the event, issued an apology earlier this week.

https://fortune.com/2023/10/19/intel-siemens-web-summit-withdrew-israel-hamas-attack/


How to watch or stream Thursday Night Football’s Week 7 during the 2023 NFL season live online free without cable

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Will Trevor Lawrence be well enough to play?

https://fortune.com/2023/10/19/watch-stream-nfl-thursday-night-football-games-live-online-free-without-cable-2023-season-what-channel-fox-cbs-abc-nbc-espn-amazon-week-7/


If you make your employees feel too comfortable, they just won't work as hard, study suggests

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The psychological safety of a “no bad ideas” culture might lead people to put their feet up.

https://fortune.com/2023/10/19/psychological-safety-comfortable-employees-performance-drops-study/


There’s no relief in sight for homebuyers, Morgan Stanley says, as it reverses course and says housing prices may rise as much as 5% this year

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After saying home prices will decline, the bank now says they could rise due to low inventory—despite high mortgage rates.

https://fortune.com/2023/10/19/high-housing-prices-home-market-affordability-morgan-stanley-forecast-2023/


Climate change is our greatest health crisis. The same investments can often address both threats

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For the first time, there will be a dedicated Health Day at COP28, underscoring the growing understanding of the interplay between climate and health.

https://fortune.com/2023/10/19/climate-change-health-crisis-nvestments-threats-health-environment-kerry-hudson/


Florida bank settles charges that it avoided mortgages in Black and Latino neighborhoods for $9 million

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Ameris Bank denied violating "redlining," or fair lending laws, and said it wanted to avoid litigation by agreeing to the deal.

https://fortune.com/2023/10/19/florida-ameris-bank-settles-redlining-charges-9-million-black-latino-neighborhoods/


The California-to-Texas pipeline is drying up, and Florida is the big winner of the exodus from the Golden State

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California lost over 113,000 residents last year, but the number of people moving out was even higher, the highest of any state: a stunning 343,000.

https://fortune.com/2023/10/19/how-many-people-leaving-california-for-texas-florida-moving-migration/


It’s official: The housing market is turning millennials into their parents. A Fortune 500 economist says it’s a deja vu market that is replaying the 1980s

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When the boomers came of homebuying age, they had to contend with high rates, high inflation and a crowded market. Sound familiar?

https://fortune.com/2023/10/19/housing-market-outlook-1980s-deja-vu-recession-boomers-millennials/


From CEOs to billionaires to Harvard students, everyone is struggling to discuss the Israel-Hamas war. Here’s what you need to know before you talk about it

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The Israeli-Palestinian conflict stretches back decades, but to understand the current war means looking back to 2006.

https://fortune.com/2023/10/19/how-ceos-billionaires-harvard-students-talk-about-israel-hamas-palestine/


Federal Reserve Chairman Jerome Powell’s press conference was interrupted by climate protestors

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A group called Climate Defiance stormed the stage at the Economic Club of New York Thursday, delaying Powell's speech.

https://fortune.com/2023/10/19/climate-protesters-crash-jerome-powells-press-conference-chanting-stop-fossil-finance/


U.S. lawmakers are taking aim at digital assets’ role in the Israel-Hamas war. A new report urges caution in linking crypto to terrorism

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Lawmakers from both parties have asked top government officials for more information about crypto’s role in terrorism financing.

https://fortune.com/crypto/2023/10/19/lawmakers-crypto-elizabeth-warren-terrorism-financing-israel-hamas/


Jim Jordan supports empowering interim speaker so he can campaign for the job full-time

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The Ohio representative refused to drop out in a closed door meeting at the Capitol, according to Republicans who attended.

https://fortune.com/2023/10/19/jim-jordan-speaker-of-the-house-supports-empowering-interim/


Rafah border crossing will 'hopefully' open Friday, WHO officials say, as an expanded humanitarian crisis looms

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Five truckloads of supplies are ready to go as soon as the border is opened, WHO officials said—but they need assurances that those delivering them will be allowed to safely do so.

https://fortune.com/well/2023/10/19/rafah-border-crossing-hopefully-open-friday-who-officials-say-humanitarian-aid-israel-egypt-gaza-palestine-hamas/


Facebook adjusts comment settings to prevent harassment

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Company notes this is a temporary measure.

https://fortune.com/2023/10/19/meta-facebook-comment-settings-changes-israel-hamas-zuckerberg/


These are the absolute best savings accounts available today (5% APY and up)

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The Fortune Recommends team evaluated more than 50 high-yield savings accounts to find you the top picks.

https://fortune.com/recommends/banking/best-savings-accounts/


New England's $510 million lobster economy reels from near 40% population plunge

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Officials have detected a 39% decline in young lobsters in the Gulf of Maine and Georges Bank areas, among the world's most important fishing grounds.

https://fortune.com/2023/10/19/new-england-maine-lobster-fishing-510-million-economy-population-plunge/


Grayscale files new application with SEC aiming to secure spot Bitcoin ETF

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A lawsuit filed Thursday against Grayscale parent company Digital Currency Group may complicate its application.

https://fortune.com/crypto/2023/10/19/grayscale-new-application-sec-spot-bitcoin-etf/


Burt Young, Oscar-nominated actor for his role in 'Rocky,' dies at 83

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Sylvester Stallone wrote of his costar, “you were an incredible man and artist, I and the World will miss you very much.”

https://fortune.com/2023/10/19/burt-young-rocky-paulie-actor-dies-obituary-paulie/


Cybertruck euphoria cut short as a “melancholic” Elon Musk dashes hopes the EV pickup will soon turn Tesla’s sagging fortunes around

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The downbeat call was a 'mini disaster' for Tesla investors following a litany of bad news suggesting Tesla faces a very challenging 2024.

https://fortune.com/2023/10/19/elon-musk-cybertruck-tesla-quarter-earnings-investors/


Sick of meetings? Microsoft’s new AI assistant will go in your place

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From November, those willing to pay $30 a month can have Microsoft’s Copilot integrated into programs like Teams and Outlook.

https://fortune.com/2023/10/19/microsoft-copilot-ai-assistant-teams-meetings/


Roblox CEO issues staff ultimatum to return to work or resign

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Employees who don’t want to work at the Roblox's physical office in California (which means relocation for some) at least three days a week will have to find another job, its CEO and founder, David Baszucki warned.

https://fortune.com/2023/10/19/roblox-ceo-david-baszucki-ultimatum-office-rto-severance/


Nestle working on 'companion products' for Ozempic users

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CEO Mark Schneider said the group was working on “companion products” for people using weight-loss aiding drugs

https://fortune.com/2023/10/19/nestle-earnings-ozempic-wegovy/


Elon Musk used the Tesla earnings call to bash the work from home crowd. He says advocates give off ‘Marie Antoinette vibes’ and are ‘detached from reality’

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Elon Musk, CEO of Tesla, said he slept on the floor of his EV factories because it "matters."

https://fortune.com/2023/10/19/elon-musk-work-from-home-criticism-tesla-earnings-call/


ChatGPT maker OpenAI is in talks to sell employee shares at $86bn valuation, putting the closely held company in the league of SpaceX and Tiktok’s ByteDance

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The artificial intelligence startup behind ChatGPT is negotiating the transaction, known as a tender offer, with potential investors.

https://fortune.com/2023/10/19/chatgpt-openai-sell-employee-shares-86bn-valuation-spacex-tiktok-bytedance/


Rishi Sunak pushes countries to label AI as capable of causing ‘catastrophic harm’

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Britain wants countries to sign up to a joint position that outlines particular concerns for AI’s impact on cybersecurity and biotechnology.

https://fortune.com/2023/10/19/rishi-sunak-ai-capable-causing-catastrophic-harm/


Starbucks sues union for using its name and logo in a pro-Palestine post—and the union sues it back

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Starbucks sued Workers United in federal court in Iowa, saying a pro-Palestinian social media post from a union account early in the Israel-Hamas war angered hundreds of customers and damaged its reputation.

https://fortune.com/2023/10/19/starbucks-sues-union-name-logo-a-pro-palestine-post-damage-reputation/