Netflix’s ‘secret sauce’ tailors summaries, trailers to fit different tastes and even tries to divine viewers’ moods at any given time

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24159626022627-e1717856914372.jpg?w=2048

“What they have been doing is pretty ingenious and very, very strategic.”

https://fortune.com/2024/06/08/netflix-tech-secret-sauce-custom-trailers-summaries-different-tastes-viewers-moods/


Meet the 59-year-old Barbie ‘dealer’ whose hustle has netted $2 million in sales

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

Bruce Zalkin has 35 years in the trade and sold one couple's collection for $250,000.

https://fortune.com/2024/06/08/barbie-economy-collector-toy-show-ebay/


American Airlines flight attendants say their pay is so low, they fight for airplane meals to save money and sleep in their cars—and they're ready to strike

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2151622648-e1717794605839.jpg?w=2048

American Airlines and their flight attendants’ union will head to Washington for negotiations next week.

https://fortune.com/2024/06/08/american-airlines-flight-attendants-say-their-pay-is-so-low-they-fight-for-airplane-meals-to-save-money-and-sleep-in-their-cars-and-theyre-ready-to-strike/


Just 5% of the main skills job candidates need today will be the same in three years, McKinsey says

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2044493481-1-e1717702265180.jpg?w=2048

“This perfect person you’re looking for to fit the slot you had in mind—that person doesn't exist," one senior partner said.

https://fortune.com/2024/06/08/workforce-outlook-job-candidate-skills-ai-future-mckinsey/


Docusign CEO says while it’s true Americans work harder than Europeans, maybe Americans aren’t happier

https://fortune.com/img-assets/wp-content/uploads/2024/06/Copy-of-FeatTemplate-46.jpg?w=2048

"There is a balance there between the needs of the company and what employees think is good for them."

https://fortune.com/2024/06/08/allan-thygesen-docusign-ceo-return-to-work-flexibility/


Nvidia hits $3 trillion, making CEO Jensen Huang richer than Michael Dell

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1951747162-e1717806081553.jpg?w=2048

Huang, 61, is leading a new wave of tech billionaires

https://fortune.com/2024/06/07/nvidia-hits-3-trillion-jensen-huang-billionaire-dell/


Tides turn for seafood—more fish were farm-raised than caught in the wild for the first time ever

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1200730777-e1717804867670.jpg?w=2048

Some 90% of aquatic animals that are farmed or fished go to human consumption, per the UN.

https://fortune.com/2024/06/07/seafood-fish-farm-raised-than-caught/


Kia recalls 463,000 Telluride SUVs that could catch fire and cautions drivers to park outdoors

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1239963812-e1717804097648.jpg?w=2048

People may notice a burning or melting smell, or see smoke rising from underneath the seat.

https://fortune.com/2024/06/07/kia-recalls-463000-telluride-suvs-fire-risk/


Cold Stone Creamery is facing a legal battle after a New York woman discovered that her 'pistachio' ice cream contained no real pistachios

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-688025805-e1717803178569.jpg?w=2048

Rather than the nuts, the dessert contained a mix of water, ethanol, and food coloring.

https://fortune.com/2024/06/07/cold-stone-creamery-legal-pistachio-mango/


Fear and loathing in Los Angeles over AI. But it doesn’t have to be this way

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2066797652.jpg?w=2048

“Stay alive till ‘25” is a thing in Hollywood—but AI can save the industry, not destroy it with robots.

https://fortune.com/2024/06/07/fear-and-loathing-in-los-angeles-ai-hollywood-entertainment-tech/


Nvidia's stock split is largely 'cosmetic,' and mammoth gains will keep rolling in, tech investor says

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1258356004-e1717794009257.jpg?w=2048

Between the AI-driven stock market rally and Nvidia’s strong fundamentals, it’s unlikely the 10-for-1 stock split will harm its share price.

https://fortune.com/2024/06/07/nvidia-stock-split-10-1-nvda-outlook-ai-chips-sales/


DoorDash and Monster Energy are among the 14 companies that cracked the Fortune 500 for the first time

https://fortune.com/img-assets/wp-content/uploads/2024/06/DoorDash-GettyImages-2153459037.jpg?w=2048

The 14 newcomers in the Fortune 500 have a combined revenue of $144 billion, and the group includes institutions founded in the 19th century, the 20th century and the 21st century.

https://fortune.com/2024/06/07/fortune-500-newcomers-doordash-monster-energy-intuitive-surgical-echostar-nycb/


Elon Musk could bring home $56 billion in historic pay package. His compensation completely dwarfs the biggest paydays in corporate America history

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2151277745-e1717791922693.jpg?w=2048

Other Fortune 500 CEOs don’t even make 1% of Musk’s proposed pay package.

https://fortune.com/2024/06/07/elon-musk-pay-package-more-than-any-ceo-ever/


Roaring Kitty's diatribe on GameStop forced Nasdaq to halt trading 8 times in an hour as the company’s stock surged then plunged in rare livestream

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155812929-e1717789338397.jpg?w=2048

Memestock ringleader Keith Gill’s first camera appearance since 2021 sent GameStop stock all over the place.

https://fortune.com/2024/06/07/gamestop-gme-roaring-kitty-keith-gill-livestream-amc-memestock/


You can now buy a used Tesla for just $21,000 thanks to Hertz’s fire sale

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1556852874-e1717788483411.jpg?w=2048

Hertz’s ill-fated bet on EVs has led to attractive prices for car buyers.

https://fortune.com/2024/06/07/buy-used-tesla-hertz-fire-sale/


Mark Cuban explains why he makes sure employees get rich whenever he sells a business

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-612591518-e1717785915481.jpg?w=2048

“In every business I've sold I've paid out bonuses to every employee that was there more than a year.”

https://fortune.com/2024/06/07/mark-cuban-explains-why-he-makes-sure-employees-get-rich-whenever-he-sells-a-business/


Roaring Kitty blasts E-Trade over ban threat during triumphant return to YouTube

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1231271105_5dc18b-e1717783729819.jpg?w=2048

Keith Gill claimed during a YouTube livestream that he is not working with anyone on his recent GameStop trading crusade.

https://fortune.com/2024/06/07/roaring-kitty-e-trade-gamestop-livestream-memestocks/


Ukraine and bondholders rush talks, avoiding $20 billion debt default

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1819033273.jpg?w=2048

The International Monetary Fund said on Thursday that talks between Ukraine and bondholders are on track, adding that the economic outlook for the remainder of the year remains highly uncertain as the war continues.

https://fortune.com/2024/06/07/ukraine-holds-secret-talks-with-bondholders-as-20-billion-debt-deadline-looms/


From full-stack to machine learning, these are the best jobs in software engineering

https://fortune.com/img-assets/wp-content/uploads/2024/06/EDU_guytypingoncomputer-e1717612806230.jpg?w=2048

There are hundreds of tech jobs to choose from—these are the 8 best ones in software engineering.

https://fortune.com/education/articles/software-engineering-jobs/


Africa loses 20,000 millionaires in 10 years as the wealthy flee the continent

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155745702-e1717782180858.jpg?w=2048

Africa's wealth has diminished due to depreciating currencies and underperforming stock markets, according to investment consultancy Henley & Partners.

https://fortune.com/2024/06/07/africa-loses-millionaires-currency-depreciation-ultra-rich-south-africa/


They accrued debt to buy back their own stock. It led them to bankruptcy

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1252518764-e1717781935326.jpg?w=2048

Fallout from potential bankruptcy would be huge, as the companies in AP’s analysis employ at least 130 million people in a dozen countries.

https://fortune.com/2024/06/07/zombie-companies-bankruptcy-stock-buybacks/


Bill Nye the Science Guy says AI is causing more anxiety than ever, but with these skills, people can ‘change the world.’

https://fortune.com/img-assets/wp-content/uploads/2024/06/Bill-Nye-the-Science-Guy-GettyImages-1478025503-e1717686129558.jpg?w=2048

Nye speaks to Fortune about his thoughts on AI and its impact on education and career development.

https://fortune.com/education/articles/bill-nye-the-science-guy-artifical-intelligence-education-skills/


The jobs report will ‘lead to continued controversy,’ leaving Jerome Powell in wait-and-see mode and dashing investors’ hopes for imminent rate cuts

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2151818486_2c1ebe-e1717768751773.jpg?w=2048

ZipRecruiter’s chief economist sats the latest jobs report “delivers a kind of hazy, mixed picture" that will leave the Fed—and investors—guessing.

https://fortune.com/2024/06/07/jobs-report-jerome-powell-wait-and-see-mode-fed-rate-cuts/


These 5 lifestyle habit changes improved brain function for those with early Alzheimer's

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1500005916-e1717778431331.jpg?w=2048

A study gives ‘new hope and new choices’ for people with Alzheimer's disease.

https://fortune.com/well/2024/06/07/alzheimers-lifestyle-habit-changes-improved-brain-function/


Shein is bad for the fashion industry and our planet—but I can’t wait for the IPO

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1734340951-e1717777415470.jpg?w=2048

I’m rooting for the Shein IPO because I hope it will be the final wake-up call to the struggling fashion industry.

https://fortune.com/2024/06/07/shein-fashion-industry-ipo-finance-environment-tech/


Iggy Azalea is cashing in on crypto, as her ‘memecoin’ makes $194 million in one week

https://fortune.com/img-assets/wp-content/uploads/2024/06/Iggy-Azaela-Crypto-GettyImages-1233453307.jpg?w=2048

Celebrities are turning to 'memecoins' to monetize and engage with their fanbase without a middleman.

https://fortune.com/crypto/2024/06/07/iggy-azalea-is-cashing-in-on-crypto-as-her-memecoin-makes-194-million-in-one-week/


'Full House' home is up for sale for $6.5 million

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1363930820-e1717769731665.jpg?w=2048

Uncle Jesse not included.

https://fortune.com/2024/06/07/full-house-home-for-sale-6-5-million-price/


Job growth blows past Wall Street's expectations with 272,000 jobs added in May

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2151461523-e1717766753310.jpg?w=2048

But the unemployment rate edged up to 4%, from 3.9%, ending a 27-month streak of unemployment below 4%.

https://fortune.com/2024/06/07/jobs-report-may/


NYC comptroller: Food delivery apps are blaming minimum pay for inflation. It's baloney

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1523375856-e1717765779673.jpg?w=2048

Uber Eats, DoorDash, and Grubhub together average about 2.6 million deliveries a week in New York, both before and after the rate increase.

https://fortune.com/2024/06/07/nyc-comptroller-food-delivery-apps-minimum-pay-inflation-baloney-labor-politics-tech/


7 Things you didn’t know your Visa can do: Free wine tastings, delivery service, online classes and more

https://fortune.com/img-assets/wp-content/uploads/2023/12/GettyImages-135705367-e1703260699535.jpg?w=2048

There’s a lot more to your credit card than points and miles. Visa offers cardholders a range of extra perks designed to save you time and money.

https://fortune.com/recommends/credit-cards/visa-benefits/


Microsoft's Satya Nadella is the leader Fortune 500 CEOs admire most. This management philosophy helps explain why

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1930366394_0abc25-e1717757656639.jpg?w=2048

Microsoft's Satya Nadella’s peers look him to him more than any other Fortune 500 CEO

https://fortune.com/2024/06/07/microsoft-satya-nadella-leader-fortune-500-ceo-admire-most-management-philosophy/


‘Real-life Martha’ from Baby Reindeer sues Netflix for $170M over ‘biggest lie in television history’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2156405237-e1717758673985.jpg?w=2048

Fiona Harvey claims she has been unable to leave her home after being falsely accused of stalking through the Netflix hit.

https://fortune.com/europe/2024/06/07/real-life-baby-reindeer-netflix-170-million-biggest-lie-television-history/


Airbnb’s CEO pairs people up to combat workplace loneliness

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2150468021-e1717754641874.jpg?w=2048

"Giving people a shared journey to be on together I think is really important."

https://fortune.com/2024/06/07/airbnb-ceo-brian-chesky-workplace-pairings/


Phoenix sets new ‘dangerously hot’ record of 113 degrees

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24158788459698-e1717754802411.jpg?w=2048

At a campaign rally for presumptive Republican presidential nominee Donald Trump in Phoenix, 11 people fell ill from heat exhaustion by late afternoon and were taken to the hospital.

https://fortune.com/2024/06/07/phoenix-dangerously-hot-record-113-degrees-heat-wave-2-weeks-before-summer/


British tech baron Mike Lynch not guilty of HP-Autonomy fraud in remarkable courtroom redemption

https://fortune.com/img-assets/wp-content/uploads/2024/06/Mike-Lynch-Loren-Elliott-Bloomberg-GettyImages-2087317149-e1717753160269.jpg?w=2048

“I am looking forward to returning to the UK and getting back to what I love most: my family and innovating in my field."

https://fortune.com/europe/2024/06/07/british-tech-baron-mike-lynch-not-guilty-hp-autonomy-fraud-remarkable-courtroom-redemption/


How AI can enable cross-border data sharing in a fragmenting world

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1290986638-e1717351479329.jpg?w=2048

When it comes to data sharing in the AI era, policymakers need to ensure that the rules of the game reflect the realities of the tech.

https://fortune.com/2024/06/07/ai-artificial-intelligence-cross-border-data-sharing/


Inside Walmart’s company seat in Bentonville, a once-sleepy burg that now houses its $540 billion retail empire

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-964613268-e1717711873667.jpg?w=2048

The retailer’s new 350-acre campus, set to open next year, will contain a childcare facility and a network of bike paths.

https://fortune.com/2024/06/07/walmart-bentonville-arkansas-headquarters-new-campus-company-town/


‘Zombie’ companies soar to nearly 7,000—and many of these publicly traded firms won’t survive

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1271386152-e1717749445965.jpg?w=2048

As the number of zombies has grown, so too has the potential damage if they are forced to file for bankruptcy or close their doors permanently.

https://fortune.com/2024/06/07/zombie-company-numbers-soar-debt-loans/


Michigan tornado and Ohio and Maryland storms kill toddler and injure at least 13

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24158578807614-e1717748473748.jpg?w=2048

It has been a grim spring for tornadoes in the U.S. April had the second-highest number of tornadoes for that month on record in the country.

https://fortune.com/2024/06/07/michigan-tornado-ohio-maryland-storms-kill-toddler-injure-13/


Samsung's largest union goes on strike for the first time in the company's 55-year history

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155747201-e1717741844719.jpeg?w=2048

While employees will be back to work after the weekend, union leaders aren't ruling out further strikes if pay negotiations remain stalled.

https://fortune.com/asia/2024/06/07/samsung-largest-union-goes-on-strike-first-time-pay-bonus-dispute/


Former Tesla board member says he wouldn’t vote for Musk’s $56 billion pay package

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1757273546-e1717718358426.jpg?w=2048

This is “hubris,” said the former audit chairman and VC.

https://fortune.com/2024/06/06/former-tesla-board-member-says-he-wouldnt-vote-for-musk/


Tokyo’s government plays matchmaker with new dating app to reverse its plunging birth rate

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1461348432-e1717711781858.jpg?w=2048

The app will have strict prerequisites to help fight scams and misrepresentation.

https://fortune.com/2024/06/06/tokyos-government-plays-matchmaker-with-new-dating-app-to-reverse-its-plunging-birth-rate/


Teacher absences are worse now than during the pandemic. It’s costing schools $4 billion a year and some students ‘will never get back on track’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1352646477-e1717711596103.jpg?w=2048

Teachers say absences are a symptom of more student behavioral issues, fewer resources, and low salaries eaten away by inflation.

https://fortune.com/2024/06/06/teacher-absences-are-worse-now-than-during-the-pandemic-its-costing-schools-4-billion-a-year-and-some-students-will-never-get-back-on-track/


Unfazed by likely SEC lawsuit, Robinhood just forked over $200 million to buy a crypto exchange

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1331330210-e1717702872490.jpg?w=2048

The company, which received a Wells Notice from the SEC in May, touted the move as “a major step in growing our crypto business.”

https://fortune.com/crypto/2024/06/06/robinhood-crypto-bitstamp-sec-warning/


Real estate billionaire Barry Sternlicht says rents will rise in two years—and it’s Jerome Powell’s fault

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1973370896-e1717703735205.jpg?w=2048

“This is my problem with Powell,” Sternlicht said. “His policy has now crushed multifamily starts; we need houses.”

https://fortune.com/2024/06/06/real-estate-billionaire-barry-sternlicht-rents-will-rise-blame-jerome-powell/


Jerome Powell could spark a serious stock market surge—even without cutting rates, Wall Street guru Ed Yardeni says

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-841240980-e1717608535871.jpg?w=2048

Yardeni already sees a 20% chance of a “melt-up” for the stock market, but if Powell “sings a dovish tune," he promised to raise those odds.

https://fortune.com/2024/06/06/jerome-powell-stock-market-surge-without-rate-cutsed-yardeni-says/


Porsche and Ferrari sales slump in China as car buyers flock to EVs instead

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2154585418-e1717632076397.jpg?w=2048

Several major Chinese car companies saw big sales increases in May.

https://fortune.com/2024/06/06/porsche-and-ferrari-sales-slump-in-china-as-car-buyers-flock-to-evs-instead/


EBay will no longer take American Express cards, citing ‘unacceptably high fees’, in the latest shot in the credit-card fee wars

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1527873914-e1717693264229.jpg?w=2048

The two firms have been embroiled in negotiations around so-called interchange fees, which cost retailers $172 billion last year.

https://fortune.com/2024/06/06/ebay-american-express-fees/


The AI gold rush is hitting a 'bottleneck' that could spell disaster for Google and Meta

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1786606241-e1717688491102.jpg?w=2048

A new study found that AI models could run out of human-written words that help it generate new content in only a matter of years.

https://fortune.com/2024/06/06/ai-training-bottleneck-google-meta-openai/


We used AI to analyze 24 years of retailers’ SEC disclosures—and found the one factor that would have doubled investor returns

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1801104130-e1717688329499.jpg?w=2048

How to get rich? You put money into companies that invest in their frontline workers and wait 30 years.

https://fortune.com/2024/06/06/ai-analysis-24-years-retailers-sec-disclosures-double-investor-returns-workers-labor-finance-leadership/


Kroger is giving away 45,000 pints of ice cream as summer officially arrives

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2013088152-e1717685697613.jpg?w=2048

Promotion comes as temperatures soar.

https://fortune.com/2024/06/06/kroger-free-ice-cream/


Millennials think they have it better than baby boomers, study reveals

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-726776573-e1717614761271.jpg?w=2048

43% of millennials say their financial situation is better than their parents’ was at the same age, while 32% say it is worse.

https://fortune.com/2024/06/06/new-cfb-study-shows-millennials-think-they-have-it-better-than-baby-boomers/


ECB drops interest rates in Europe, but remains cautious on inflation: 'Are we today moving into a dialing-back phase? I wouldn’t volunteer that'

https://fortune.com/img-assets/wp-content/uploads/2024/06/Christine-Lagarde-Alex-Kraus-GettyImages-2155656261-e1717685184716.jpg?w=2048

European Central Bank President Christine Lagarde expects inflation to hit the Eurozone's target in the second half of 2025.

https://fortune.com/europe/2024/06/06/ecb-drops-interest-rates-europe-cautious-inflation-christine-lagarde/


Twitter founder Jack Dorsey warns social media is draining people of free will

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1233275147-e1717678881291.jpg?w=2048

Users are being spoon-fed content that reinforces their biases. But if things are bad now, a remorseful Dorsey warns they're only going to get worse with AI.

https://fortune.com/2024/06/06/elon-musk-jack-dorsey-twitter-x-social-media-algorithms-free-will/


As Rémy Cointreau profits slump 30% and fine tequila becomes more popular, will American rap fans help French cognac rebound?

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1553503613-e1717670971935.jpg?w=2048

Like other luxury products, cognac faces slumping demand. But its deep connection to pop culture has kept it on people's minds either way.

https://fortune.com/europe/2024/06/06/remy-cointreau-luxury-profits-slump-fine-tequila-american-rap-fans-french-cognac/


Jensen Huang’s Nvidia bests back-to-back winner Microsoft to be named Fortune 500’s best-led company

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2094937972-e1717671637582.jpg?w=2048

For the fourth year in a row, Fortune partnered with Indiggo to publish the ROL100 Ranking.

https://fortune.com/2024/06/06/return-on-leadership-2024-jensen-huang-nvidia-fortune-500-best-led-company/


He taught at MIT, worked at Morgan Stanley, and convinced Bill Ackman and Galaxy to back his $200 million crypto fund by his early 30s. His future is now in jeopardy

https://fortune.com/img-assets/wp-content/uploads/2024/06/Yidia-Gao-PRNewswire_PRLog.jpg?w=2048

How Shima Capital’s fast-and-loose approach to compliance alienated its backers and could run afoul of the SEC.

https://fortune.com/crypto/2024/06/06/shima-capital-vc-ackman-galaxy-yida-gao/


How should kids use TikTok, Instagram and Snapchat?

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24156619355675-e1717674275772.jpg?w=2048

The harms to children from social media have been well-documented in the two decades since Facebook's launch ushered in a new era in how the world communicates.

https://fortune.com/2024/06/06/kids-tiktok-instagram-snapchat-outright-ban-free-reign-parents-slow-deliberate-onboarding/


Jamie Dimon reportedly up for a knighthood in the U.K. as part of Rishi Sunak's honors nominations

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2152244591-e1717671229347.jpg?w=2048

Former Google CEO, billionaire Eric Schmidt, is also reportedly in the running for an honor.

https://fortune.com/europe/2024/06/06/jpmorgan-jamie-dimon-knighthood-rishi-sunak/


Biden sold off nearly 50% of the Strategic Petroleum Reserve. Is that a problem?

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1434808195-e1717596639978.jpg?w=2048

"When people say, 'Oh no, it’s so low,' well, what is it there for? It’s there to help us out."

https://fortune.com/2024/06/06/biden-sold-off-nearly-50-of-the-strategic-petroleum-reserve-is-that-a-problem/


Meet the 4 types of Gen Z freelancers—and their secret weapon

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1146500509-e1717670301143.jpg?w=2048

Half of all Gen Zers freelance—but not all Gen Zers freelance the same way.

https://fortune.com/2024/06/06/meet-5-types-gen-z-freelancers-secret-weapon-careers-leadership/


Congress has held a slew of hearings on child online safety but passed no regulation

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24157775501044-e1717669659411.jpg?w=2048

Using social media platforms is still the default for most American teenagers, with the Pew Research Center reporting that 58% of teens are daily users of TikTok.

https://fortune.com/2024/06/06/congress-hearings-child-online-safety-no-regulation-parents-teens/


Jodie Foster wishes she had Gen Z's ability to say no earlier in her career

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2156137462-e1717666184525.jpg?w=2048

Nicole Kidman also pointed out: “You need to the support when you do say no from the others to go ‘yeah that’s fine.’”

https://fortune.com/2024/06/06/jodie-foster-gen-z-say-no/


Russia’s war in Ukraine has turned South Korea into a manufacturing hotspot

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2154624553-e1717666936375.jpg?w=2048

American and most European manufacturers have shifted to strategic weapons, precision-guided munitions and other cutting-edge technologies.

https://fortune.com/asia/2024/06/06/russia-war-ukraine-south-korea-makes-weapons-faster-cheaper-us/


The Chanel family's personal wealth has jumped $12.4 billion in 3 years

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-115934249-e1717664965223.jpg?w=2048

The Wertheimer family's Cayman Islands holding company for Chanel is set to receive a $5.7 billion dividend for 2023.

https://fortune.com/europe/2024/06/06/chanel-family-personal-wealth-jumped-12-4-billion-3-years-billionaire-brothers-wertheimers/


Cathay Pacific trainee pilots have damaged so many planes a U.S. flying school has banned them from solo flights

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2149331671-e1717665721751.jpg?w=2048

Phoenix-based AeroGuard Flight Training Center has told all Cathay cadets that “effective immediately, all solo flights are grounded.”

https://fortune.com/asia/2024/06/06/cathay-pacific-trainee-pilots-damaged-planes-us-flying-school-banned-solo-flights/


The U.K's super-rich are in 'panic mode' and are fleeing the country

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155517719-e1717663747912.jpg?w=2048

Many are cashing in investments, paying off bills that may soon rise or leaving the U.K. entirely.

https://fortune.com/europe/2024/06/06/uks-super-rich-panic-mode-fleeing-the-country-shelter-money-from-election-hit/


Singapore carves out a space in the chip supply chain with a new $7.8 billion plant from Europe's NXP and a TSMC-backed manufacturer

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1243355502-e1717655246412.jpg?w=2048

Singapore is winning over chipmakers thanks to government policy, a strong chip ecosystem and a customer drive for geographic diversity.

https://fortune.com/asia/2024/06/06/singapore-carves-out-space-chip-supply-chain-new-plant-nxp-semiconductors-tsmc-vanguard/


Fake AI-generated Biden robocalls creator makes first court appearance

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1254000257-e1717661551409.jpg?w=2048

Steven Kramer has admitted orchestrating a message that was sent to thousands of voters two days before the Jan. 23 primary.

https://fortune.com/2024/06/06/fake-ai-generated-biden-robocall-steven-kramer/


YouTube is tightening rules on gun videos to stop them from reaching children

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24157708137301-e1717661082133.jpg?w=2048

Manhattan District Attorney Alvin Bragg last month called on YouTube to stop the proliferation of firearm-related videos to young users, and told the company it was failing to enforce its own policies.

https://fortune.com/2024/06/06/youtube-tightening-rules-gun-videos-reaching-children-critics-enforces/


IRS says it will refund taxes extracted from Ohioans who got financial assistance after Norfolk Southern derailment disaster

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1247414116-e1717631611331.jpg?w=2048

“I don’t know why they didn’t do that from the very beginning,” East Palestine resident Misti Allison said.

https://fortune.com/2024/06/05/irs-refund-taxes-disaster-ohio-brown/


Zero percent down mortgages might help more first-time homebuyers break into the housing market—but there are caveats

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1179761508-e1717621514926.jpg?w=2048

United Wholesale Mortgage announced a 0% down program last month, and since then it’s been all the rage, but people are split: Does it eliminate a barrier or will it launch us into another subprime mortgage crisis?

https://fortune.com/2024/06/05/zero-percent-down-mortgages-first-time-homebuyers/


Short seller Scorpion Capital accuses Japan’s most actively traded company of being the ‘largest outright fraud in the world’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1245621798-e1717621891973.jpg?w=2048

Hedge fund targets niche semiconductor company that’s rode AI demand for huge gains since 2019.

https://fortune.com/2024/06/05/short-seller-scorpion-capital-lasertec-japan-semiconductors-chips-euv-fraud-allegations/


One of Wall Street’s top strategists sees stocks dropping 10% due to a ‘moderate form of stagflation’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2153396635-e1717610239625.jpg?w=2048

Stifel's Barry Bannister fears sticky inflation and higher rates will hurt stocks, while Wells Fargo's Scott Wren ponders if investors should 'sell in May and go away.'

https://fortune.com/2024/06/05/stock-market-outlook-drop-stagflation-stifel/


Soaring Nvidia briefly beats Apple's $3 trillion valuation as it sets Wall Street barreling toward records

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1820546311-e1717620361434.jpg?w=2048

Nvidia is leading the way because its chips are powering much of the rush into AI.

https://fortune.com/2024/06/05/nvidia-stock-apples-3-trillion-valuation/


Gen X is set to be a hoagie, not sandwich generation—chipping in longer for their aging parents and children

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1202091450-e1717620186187.jpg?w=2048

Inflation and the healthcare system stretch out caregiving duties for Gen Xers, crunching their retirement goals.

https://fortune.com/2024/06/05/gen-x-sandwich-generation-care-inflation/


Usher and Apple CEO Tim Cook had a meeting. Now the Super Bowl performer is taking their ideas to Capitol Hill

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2007060417-e1717619190117.jpg?w=2048

Usher will join French pharma giant Sanofi in Washington, D.C. to discuss the importance of early screening for type 1 diabetes.

https://fortune.com/well/article/usher-type-1-diabetes-awareness/


Chrissy Teigen has 42 million Instagram followers—but wants her kids to ‘get through high school’ before joining social media

https://fortune.com/img-assets/wp-content/uploads/2024/06/Teigen-e1717608753659.jpg?w=2048

“I know I absolutely want to delay social media."

https://fortune.com/well/article/chrissy-teigen-keep-kids-off-social-media/


The diamond industry is ‘in trouble’ after prices sunk 6% this year. A jewelry CEO blames the rapid growth of lab-grown diamonds.

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1318820702-e1717614217387.jpg?w=2048

Industry experts anticipate an additional 15% to 20% price drop in diamonds over the next 12 months.

https://fortune.com/2024/06/05/lab-grown-diamonds-price-sunk-6-percent/


Whole Foods founder said Jeff Bezos is a ‘genius’ who got rid of the ‘whole paycheck’ stigma

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-163471421-e1717612094218.jpg?w=2048

John Mackey said Bezos let Whole Foods cut prices to strengthen it in the long run even if it lost revenue in the short term.

https://fortune.com/2024/06/05/whole-foods-bezos-amazon-mackey-paycheck-stigma/


The ‘funflation’ economy is dying as a consumer attitude of ‘hard pass’ takes over and major artists cancel concert tours

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-810740208-e1717610356117.jpg?w=2048

Without a Taylor Swift or Beyoncé megatour, prices for summer concerts are falling back to normal.

https://fortune.com/2024/06/05/funflation-concerts-canceled-summer-economy/


FLiRTing with a COVID summer surge? What to know about the newest family of Omicron subvariants

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1332857573-e1717420104588.jpg?w=2048

These JN.1 spinoffs are more immune-evasive than subvariants past, scientists say.

https://fortune.com/well/2024/06/05/flirt-covid-19-omicron-variant-strains/


Short-seller Andrew Left is betting against GameStop again, undaunted by his 100% loss last time

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-493774434-e1717605320603.jpg?w=2048

When meme-stock traders' de facto leader posted a screenshot implying he owns over $100 million of GameStop, Andrew Left immediately shorted the stock.

https://fortune.com/2024/06/05/gamestop-stock-short-seller-andrew-left/


FLiRTing with a COVID summer surge? What to know about the newest family of omicron subvariants

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1332857573-e1717420104588.jpg?w=2048

These JN.1 spinoffs are more immune-evasive than subvariants past, scientists say.

https://fortune.com/well/2024/06/05/flirt-covid-19-omicron-variant-strains/


Rolling Stone promised subscribers a 'lifetime' print magazine for just $99—now they’re canceling and readers are 'enraged'

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-871426534-e1717601052602.jpg?w=2048

The rock-and-roll counterculture magazine is trying to adapt to a radically different internet—and making some longtime fans mad in the process.

https://fortune.com/2024/06/05/rolling-stone-subscription-lifetime/


Texas fundraises for its own 'anti-woke' stock exchange to take on NYSE and Nasdaq

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2154456252-e1717595579285.jpg?w=2048

Goal is to being trading in 2025.

https://fortune.com/2024/06/05/texas-anti-woke-stock-exchange/


After 12 'shocking' months of broken heat records, scientists say Earth is 4 years away from crossing 1.5 degrees of heating

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155578984-e1717600661725.jpg?w=2048

UN Secretary General calls for new taxes on fossil fuel companies as global temperatures look set to hurtle past global warming limits set at 2015 Paris Agreement.

https://fortune.com/2024/06/05/climate-change-heat-records-windfall-taxes-paris-accords/


De Beers, the business that coined ‘diamonds are forever’, is pivoting to jewelry retail ahead of spinoff from Anglo American

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2154175138-e1717598953291.jpg?w=2048

De Beers, the company that coined the slogan “diamonds are forever,” wants to make a splash in retail to compete with the likes of Tiffany and Cartier.

https://fortune.com/europe/2024/06/05/de-beers-diamonds-are-forever-lab-grown-diamonds-pivoting-jewelry-retail-spinoff-anglo-american/


Family Dollar could be sold or spun off

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2074382354.jpg?w=2048

Divestiture would come after the closing of nearly 1,000 stores.

https://fortune.com/2024/06/05/dollar-tree-exploring-sale-family-dollar/


USAA's president to his fellow CEOs: You need to be 'multiple crisis managers on an ongoing basis'

https://fortune.com/img-assets/wp-content/uploads/2024/05/Wayne-Peacock-Leadership-Next.jpg?w=2048

Modern-day CEOs have to learn how to manage several crises that create uncertainty, challenge, and opportunity.

https://fortune.com/2024/06/05/usaa-president-ceo-wayne-peacock-managing-crises-dei-initiatives/


Gas prices may ‘trend lower’ this summer—depending on the hurricane season

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2076706089-e1717591651419.jpg?w=2048

Summer demand has yet to fully kick in.

https://fortune.com/2024/06/05/gas-prices-may-trend-lower-this-summer-depending-on-the-hurricane-season/


Is Constant Contact enough for your CRM needs? It might be—for a price

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

Constant Contact acquired SharpSpring in 2021 and rebranded them to Lead Gen & CRM so it could offer its current clients a CRM, though it’s still working out a lot of kinks.

https://fortune.com/recommends/crm/constant-contact-crm-review/


At this gym, customers can choose an AI best friend or drill sergeant

https://fortune.com/img-assets/wp-content/uploads/2024/05/Lumin-Fitness-Environment-and-Gamification_Photo-Credit-Lumin-Fitness.jpg?w=2048

These AI workouts evolve over time to meet the specific needs of each person and test their limits.

https://fortune.com/2024/06/05/at-this-gym-customers-can-choose-an-ai-best-friend-or-drill-sergeant/


Verge Genomics CEO: Why I urge my employees to share their fears and vulnerabilities—and do the same with them

https://fortune.com/img-assets/wp-content/uploads/2024/06/thumbnail_image001.jpg?w=2048

“Vulnerability, a key leadership principle, helps me better understand my colleagues,” says Verge Genomics CEO Alice Zhang.

https://fortune.com/2024/06/05/ceo-leadership-advice-management-success-vulnerability-verge-genomics/


Elon Musk admits diverting Tesla’s AI chips to his other companies, claiming ‘they would have just sat in a warehouse’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2148556867-e1717587311804.jpg?w=2048

The timing of his latest conflict of interest is damaging, coming just days before a key shareholder vote over his record pay package on June 13.

https://fortune.com/2024/06/05/elon-musk-tesla-xai-nvidia-ai-training-chips-cnbc/


Bain Capital leads $35 million Series A for M^0, a network for minting digital dollars

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1150254878-e1717531443844.jpg?w=2048

With the funding, M^0 wants to create a global network for institutions to mint digital dollars that "all look the same, smell the same, are fully fungible."

https://fortune.com/crypto/2024/06/05/bain-capital-leads-35-million-series-a-for-m0-a-network-for-minting-digital-dollars/


Gizmodo has been sold for the third time in 8 years

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24156621464449-e1717585899876.jpg?w=2048

In a staff memo, G/O Media CEO Jim Spanfelle said Gizmodo was sold for substantially more this time than the price paid to Univision in 2019, without providing any specifics.

https://fortune.com/2024/06/05/gizmodo-sold-third-time-8-years-swiss-publisher-keleops-expand-coverage-tech/


Bill Gates says he was a 'misfit' as a kid who clashed with his parents and almost got kicked out of college

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2151909132-e1717580556861.jpg?w=2048

"I’ve been in the public eye since my early twenties, but much of my life before then isn’t well known."

https://fortune.com/2024/06/05/bill-gates-source-code-autobiography-teenage-college-misfit/


U.K. teachers, who feel like they're ‘severely underpaid,’ are spending their own money to help students, study finds

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1506983050-e1717581182608.jpg?w=2048

Students' conditions have deteriorated, leaving them unable to meet basic well-being needs owing to the cost of living crisis.

https://fortune.com/europe/2024/06/05/uk-teachers-strike-severely-underpaid-spending-own-money-to-help-students-nfer-study/


Zoom founder Eric Yuan wants ‘digital twins’ to attend meetings for you so you can ‘go to the beach’ instead

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1137874453-e1717579567912.jpg?w=2048

You'll only need to work 3 days a week because your digital twin will do 90% of your work, Zoom’s founder and CEO Eric Yuan said.

https://fortune.com/2024/06/05/zoom-founder-eric-yuan-digital-ai-twins-attend-meetings-for-you/


Virgin Media sues Irish scallop fishers for $870,000 for alleged damage to underwater cable

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-185006153-e1717579509436.jpg?w=2048

Virgin Media Wholesale alleges the MV The Lida Suzanna didn't take care to check for cables before dredging the Irish Sea bed in search of scallops.

https://fortune.com/europe/2024/06/05/virgin-media-suing-irish-scallop-fishers-870000-dollars-allegedly-damaging-underwater-cable-9-years-ago/


With over 1.7 million employees, the U.K.'s NHS has become a 'rinse-and-repeat target' for cybercriminals

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2130313364-e1717579286147.jpg?w=2048

'When attacking life-saving infrastructure like hospitals and care centers, attackers know that they’ll have the upper hand in any ransom negotiation.'

https://fortune.com/europe/2024/06/05/uk-nhs-target-cybercriminals-over-1-7-million-employees/


'There will be a shift to the right' in this week's European Union elections, 'so the question is, how big?'

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2154228359-e1717577577346.jpg?w=2048

The question of whether to extend basic trust to extremist and populist parties is on many European minds.

https://fortune.com/europe/2024/06/05/shift-to-the-right-in-this-weeks-european-union-elections-the-question-is-how-big/


London's luxury hotels unveil 'gig-tripping packages'

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155221220-e1717575842523.jpg?w=2048

The Four Seasons, Marriott International and the Shangri-La have used Swift’s popularity to court new loyalty members with sweepstakes packages and hotel events.

https://fortune.com/europe/2024/06/05/londons-luxury-hotels-unveil-gig-tripping-packages-taylor-swift-eras-tour/


UAE leader meets with Taliban official who faces a $10 million U.S. bounty over attack that killed an American citizen

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2154672729-e1717576165731.jpg?w=2048

The meeting highlights the growing divide internationally on how to deal with the Taliban, who seized control of Afghanistan in 2021.

https://fortune.com/asia/2024/06/05/uae-leader-taliban-official-10-million-us-bounty-attack-killed-american-citizen/


District attorney going after Alec Baldwin for manslaughter wins New Mexico Democratic primary, ensuring reelection

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24156781383331-e1717575726954.jpg?w=2048

Mary Carmack-Altwies has vowed to hold Baldwin accountable for the death of cinematographer Halyna Hutchins.

https://fortune.com/2024/06/05/district-attorney-alec-baldwin-manslaughter-wins-new-mexico-democratic-primary/


TikTok says it’s fighting off a cyberattack targeting CNN and other ‘high-profile accounts’

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155035925-e1717574241170.jpg?w=2048

The account of socialite and reality TV star Paris Hilton was targeted but not compromised.

https://fortune.com/2024/06/05/tiktok-cnn-cyberattack/


As France braces for 15 million Olympics visitors, its ‘dengue detectives’ are hunting for tiger mosquitoes to prevent an outbreak

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2154650506-e1717510640204.jpg?w=2048

The so-called detectives will track down disease hotspots, seek out mosquito eggs, and help curb the spread of the virus in French cities.

https://fortune.com/europe/2024/06/05/france-15-million-olympics-visitors-dengue-detectives-outbreak-tiger-mosquitoes/


Medicare fears grip Americans: Nearly 3 in 4 adults under 65 worry it won't be around for them

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1288139483-e1717531574820.jpg?w=2048

“Threats to Medicare and Social Security loom large.”

https://fortune.com/well/2024/06/05/medicare-not-around-for-under-65-worry/


Alaskans are seeking a respite from thousands of tourists who want to cruise the panhandle region

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1510826191-e1717549058288.jpg?w=2048

On peak days in the past, passenger numbers have totaled about two-thirds of Juneau's population of roughly 32,000 people.

https://fortune.com/2024/06/04/alaska-cruise-tourists-panhandle-juneau/


Elon Musk can’t just ask ‘his brother and his besties’ to pay him $46 billion, NYC comptroller says

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1757300436-e1717546400229.jpg?w=2048

Comptroller Brad Lander said the Tesla CEO’s pay package is “outrageously large and insufficiently governed” at a meeting of investors on Tuesday.

https://fortune.com/2024/06/04/elon-musk-brother-besties-pay-billions-nyc/


Goldman Sachs says family offices want to emulate Ryan Reynolds and Rob McElhenney by investing in lower-tier teams, NASCAR, and UFC

https://fortune.com/img-assets/wp-content/uploads/2024/06/goldman-family-offices-wrexham-rob-ryan-e1717540248933.jpg?w=2048

Emerging sports like surfing and rugby, and lower-tier leagues for soccer and women's sports, are drawing interest from a growing base of investors.

https://fortune.com/2024/06/04/goldman-sachs-family-offices-ryan-reynolds-rob-mcelhenney-nascar-ufc-soccer-womens-sports/


E*Trade may kick meme stock trailblazer Roaring Kitty off the platform, but followers question whether there’s a double standard

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1231240930-e1717536576703.jpg?w=2048

Wall Street bigwigs and short sellers often talk about public companies on TV.

https://fortune.com/2024/06/04/etrade-meme-stock-roaring-kitty-double-standard/


The CEO of Walmart was rejected by Harvard, Stanford, and Wharton business schools, but now runs the Fortune 500's largest company. Here are his 3 tips for success

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1921426388-e1717535048754.jpg?w=2048

Doug McMillon has worked at Walmart for 33 years, 10 as CEO.

https://fortune.com/2024/06/04/walmart-ceo-doug-mcmillon-three-tips-for-success/


JPMorgan’s Jamie Dimon is bracing for stagflation, but the economy could be headed for a 1950s-style boom instead

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-91880725-e1717510703171.jpg?w=2048

“If these similarities do hold, there could be a lot of scope for optimism,” Deutsche Bank’s Henry Allen wrote.

https://fortune.com/2024/06/04/jpmorgan-jamie-dimon-bracing-stagflation-economy-1950s-style-boom-instead/


Young voters’ top concern isn’t abortion—they care more about finding an affordable place to live, a new survey shows

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1447790235-e1717525503369.jpg?w=2048

The cost of starter homes has risen twice as fast as incomes, a Redfin economist said.

https://fortune.com/2024/06/04/housing-affordability-top-concern-young-voters/


Boeing CEO warns against protectionism as US, UK gear up for elections

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1953488971_24e4b4-e1715985097469.jpg?w=2048

Boeing is working to restart plane deliveries to China.

https://fortune.com/2024/06/04/boeing-ceo-sounds-alarm-isolationist-rhetoric-imperils-global-trade/


AI isn’t yet capable of snapping up jobs—except in these 4 industries, McKinsey says

https://fortune.com/img-assets/wp-content/uploads/2024/06/BC0A4095-e1717518754550.jpg?w=2048

New tech won’t eliminate work for most employees, but certain industries are in real peril.

https://fortune.com/2024/06/04/mckinsey-ai-jobs-industries-at-risk/


It’s an employer’s market now as U.S. job openings topple to lowest level in 3 years

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1188756816-e1717518131158.jpg?w=2048

Available jobs decreased from 8.36 million in March to 8.06 million in April, according to the Bureau of Labor Statistics.

https://fortune.com/2024/06/04/job-openings-jolts-april-labor-market/


Pepsi is no longer America's second favorite soda as Dr Pepper dethrones it

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155918257-e1717509967441.jpg?w=2048

Coke is still way out in front.

https://fortune.com/2024/06/04/pepsi-dr-pepper-americas-second-favorite-soda/


A heat dome will send temperatures into the triple digits across the West—with summer still 2 weeks away

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1629940610-e1717509902574.jpg?w=2048

California and Arizona brace for punishing heat.

https://fortune.com/2024/06/04/heat-dome-california-arizona-record-temps/


Instagram begins testing non-skippable ads in the main feed

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2147904545-e1717510005749.jpg?w=2048

No scrolling past these…

https://fortune.com/2024/06/04/meta-unskippable-ads-instagram-feed/


Verge Genomics CEO: Biotech works better when employees can express their fears and vulnerabilities

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“Vulnerability, a key leadership principle, helps me better understand my colleagues,” says Verge Genomics CEO Alice Zhang.

https://fortune.com/2024/06/04/verge-genomics-ceo-leadership-vulnerability-emotions-management/


AI is on track to ‘democratize financial planning.’ Are investors ready for that?

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2152979171-e1717451556213.jpg?w=2048

Could AI democratize financial planning?

https://fortune.com/2024/06/04/ai-artificial-intelligence-financial-advisors-personal-finance-retirement-saving/


Housing, work, love: Gen Zers and young millennials don’t stand a chance in the face of the modern quarter-life crisis

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1484246287-1-e1717511276913.jpg?w=2048

There are very real reasons behind Gen Zers and young millennials' arrested development.

https://fortune.com/2024/06/04/housing-work-love-gen-zers-young-millennials-chance-modern-quarter-life-crisis-personal-finance/


Portugal scraps 'manifestation of interest' clause in latest immigration crackdown

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1063875272-e1717507397747.jpg?w=2048

Portugal has scrapped a "manifestation of interest" clause that allowed workers to come to the country without an employment contract.

https://fortune.com/europe/2024/06/04/portugal-digital-nomads-immigration-crackdown-manifestation-of-interest/


How psychedelics have inspired Whole Foods founder John Mackey

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The former CEO, who also just released a memoir, says his idea is to create 'one-stop holistic health membership clubs.'

https://fortune.com/well/article/whole-foods-founder-john-mackey-new-wellness-venture-love-life/


Ex-Polygon team secures $43 million Series A round for blockchain-scaling solution Avail

https://fortune.com/img-assets/wp-content/uploads/2024/06/Copy-of-DSC00161-copy-e1717448637624.jpg?w=2048

Cofounder Anurag Arjun says Web3’s success will hinge on each of the tens of thousands of blockchains interacting with one another seamlessly—or risk a fragmented user experience.

https://fortune.com/crypto/2024/06/04/ex-polygon-team-43-million-series-a-round-blockchain-scaling-solution-avail/


Microsoft is laying off workers at its Mixed Reality business as the technology that inspired Mark Zuckerberg to rename his company struggles

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1127096252-e1717501111677.jpg?w=2048

Global sales of AR and VR headsets like Microsoft's HoloLens 2 dropped by nearly a quarter last year, continuing a trend that has seen interest fall off for the once promising technology.

https://fortune.com/2024/06/04/microsoft-apple-meta-mixed-reality-headsets-hololens-restructuring-layoffs/


Anthropic’s chief of staff: 'I am 25. The next three years might be the last few years that I work'

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Witnessing the advancements at the Google and Amazon-backed $18 billion+ AI firm has cemented Avital Balwit's belief about the future of work.

https://fortune.com/2024/06/04/anthropics-chief-of-staff-avital-balwit-ai-remote-work/


The world's wealthy need to pay up to address the climate crisis, says the top expert behind the Paris Agreement

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Decarbonizing isn't cheap or easy, but the wealthy are responsible for the bulk of the emissions—can we actually hold them accountable?

https://fortune.com/europe/2024/06/04/world-wealthy-rich-pay-tax-climate-crisis-top-expert-paris-agreement-laurence-tubiana/


Forget employees. Artificial Intelligence may upend entrepreneurship as we know it

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1272993949-e1717498644579.jpg?w=2048

For every decent idea, a cottage industry of as-good-or-better imitators will emerge almost immediately.

https://fortune.com/2024/06/04/forget-employees-artificial-intelligence-entrepreneurship-tech/


Hedge funds paying for 'literally insane' short on U.K. stocks

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Hedge funds have been caught off guard by sudden valuation jumps as companies eye cheap U.K. stocks.

https://fortune.com/europe/2024/06/04/hedge-funds-shorting-uk-stocks-london-valuations/


More than 4 in 10 U.S. adults are unlikely to buy an EV as their next car, despite Joe Biden's push

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2151839996-e1717495707456.jpg?w=2048

EVs are a key part of Biden’s climate agenda. Republicans led by presumptive nominee Donald Trump are turning it into a campaign issue.

https://fortune.com/2024/06/04/ev-adoption-biden-climate-agenda/


PacifiCorp agrees to pay $178m to 403 Oregon wildfire victims in the latest settlement over deadly 2020 blazes

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In other cases that have gone to trial over the past year, Oregon juries in multiple verdicts have ordered PacifiCorp to pay hundreds of millions of dollars to victims. Ongoing litigation could leave it on the hook for billions.

https://fortune.com/2024/06/04/pacificorp-pay-178m-403-oregon-wildfire-victims-settlement-deadly-2020-blazes/


DOJ tells court that releasing audio of Biden interview with special counsel could spur deepfakes that trick Americans

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A conservative group that's suing to force the release of the recording called the argument a “red herring."

https://fortune.com/2024/06/04/doj-releasing-audio-biden-interview-special-counsel-deepfakes-trick-americans-ai-worries/


CFO of Falun Gong-linked Epoch Times arrested and accused of role in $67m multinational money laundering scheme

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1229632728-e1717492554960.jpg?w=2048

Federal prosecutors said members of the company's “Make Money Online” team used cryptocurrency to “knowingly purchase tens of millions of dollars in crime proceeds.”

https://fortune.com/2024/06/04/cfo-weidong-bill-guan-falun-gong-epoch-times-arrested-67m-multinational-money-laundering-scheme/


Company that bred beagles for medical research agrees to pay record $35m fine

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The plea deal also bars the company that operated the facility, Envigo RMS, as well as parent company Inotiv, from breeding or selling dogs in the future.

https://fortune.com/2024/06/04/envigo-inotiv-bred-beagles-medical-research-record-35m-fine-neglecting-thousands-dogs-virginia/


Indonesia wants to start moving civil servants to its still-under-construction capital Nusantara by September. The city’s top officials just resigned

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The $32.5 billion project has been beset by construction delays and a lack of outside funding.

https://fortune.com/asia/2024/06/04/nusantara-officials-resign-indonesia-new-capital-city-borneo-jakarta-jokowi/


As Shein’s IPO approaches, what will it mean for the ultra-cheap online retailer and for London?

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1986499924-e1717424752230.jpg?w=2048

Shein turned to London when its IPO prospects in New York started to look tricky. Now, it promises to be one of London's biggest IPOs in recent memory.

https://fortune.com/europe/2024/06/04/shein-ipo-prospectus-ultra-cheap-online-retailer-london-us-listing/


Concierge medicine is gaining popularity among older adults—but don't count on Medicare to pay for its biggest fees

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Just like any medical provider, concierge doctors may or may not choose to accept insurance, including Medicare.

https://fortune.com/well/article/does-medicare-cover-concierge-medicine/


5 Healthy ways to talk about fitness around your kids: Create ‘a sense of empowerment’

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“When it comes to body image and exercise, our social and family network can be either a protective factor or a risk factor."

https://fortune.com/well/article/how-to-talk-about-fitness-to-your-kids/


Pay for executives skyrocketed 12.6% last year, dwarfing the 4.1% raises for rank-and-file employees

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1243214774-e1717456553672.jpg?w=2048

The chasm between executive compensation and pay for workers widened in 2023, when average employees saw meager gains.

https://fortune.com/2024/06/03/how-much-do-ceos-get-paid-millions-workers/


Elon Musk turned Twitter into X, now he’s turning X into XXX

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X will now officially allow not-safe-for-work content on its platform.

https://fortune.com/2024/06/03/does-x-allow-nudes-elon-musk-twitter-x-social-media-meta-instagram-facebook-onlyfans/


Roaring Kitty's apparent $116 million bet on GameStop is behind meme resurgence

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1231271105-e1717450305851.jpg?w=2048

Keith Gill, better known as "Roaring Kitty," returned from a three-year online hiatus to post what could be a multimillion bet on the retailer.

https://fortune.com/2024/06/03/roaring-kitty-gamestop-116-million/


Florida appeals court rules that grant program for Black women entrepreneurs violates the Civil Rights Act

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2149788327-e1717446977951.jpg?w=2048

The fund's Strivers Grant Contest, which provides $20,000 to businesses that are majority owned by Black women, has been on hold since October.

https://fortune.com/2024/06/03/black-business-grant-fearless-fund-edward-blum/


Ford CEO: It’s ‘undeniable’ that EVs will eventually have to turn a profit, but we’re years away

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Ford CEO Jim Farley is betting he can turn billions in losses into profits with the next-generation model rollout.

https://fortune.com/2024/06/03/ford-ceo-jim-farley-electric-vehicles-tesla-china-tariffs-byd-gm-chrysler/


Corporate America is making tons of easy money just by parking piles of cash and watching it grow

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1369733508-e1717444825307.jpg?w=2048

Interest income reaped by non-financial companies on the S&P 500 jumped about 60% in the first quarter.

https://fortune.com/2024/06/03/interest-income-nonfinancial-sp500-cash-piles-money-market-funds-bonds-cd/


Outer Banks homes are collapsing due to climate change, but coastal property values are booming anyway

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Oceanfront property markets are ignoring the threat of rising sea levels: “A view of the ocean is more desirable.”

https://fortune.com/2024/06/03/outer-banks-sea-levels-rising-home-collapse-real-estate-insurance/


Chipotle CEO reveals his go-to order and biggest challenge of working behind the counter

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Brian Niccol developed a newfound appreciation for the fast-casual chain’s ingredients and preparation after completing behind-the-counter training when he became CEO in 2018.

https://fortune.com/2024/06/03/chipotles-ceo-brian-niccol-burrito-wrapping-bowl-order/


Airbnb CEO reflects on fumbled messaging during layoffs: “You don’t fire members of your family”

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-535150612-e1717442345128.jpg?w=2048

CEO Brian Chesky reflects on his comments about feeling "love" for laid-off workers.

https://fortune.com/2024/06/03/airbnb-ceo-reflects-on-fumbled-messaging-during-layoffs-you-dont-fire-members-of-your-family/


Spotify’s CEO got roasted by artists after he said the cost of creating content is ‘close to zero.’ Now he’s trying to walk back his ‘clumsy’ remark

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In a clarifying post, Daniel Ek said his earlier definition of content was “very reductive.”

https://fortune.com/2024/06/03/spotify-ceo-daniel-ek-content-cost-close-to-zero-stearming-subscription-fee-hike/


Coinbase donates $25 million to super PAC Fairshake days after Biden vetoes crypto custody bill

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2053511544-e1717434343745.jpg?w=2048

The donation will bolster the campaigns of crypto-friendly congressional candidates in state primaries.

https://fortune.com/crypto/2024/06/03/coinbase-donates-25-million-to-super-pac-fairshake-days-after-biden-vetoes-crypto-custody-bill/


Landlords and investors in the rental space are thriving as soaring prices keep homebuyers sidelined, top real estate leader says

https://fortune.com/img-assets/wp-content/uploads/2024/06/Real-Estate-26.jpg?w=2048

A lot of people can’t afford to buy a home right now, so they’re forced to rent.

https://fortune.com/2024/06/03/housing-market-crisis-landlords-investors-thriving-homebuyers-sidelined/


After being dragged down for months by accounting probe, Autodesk reassigns CFO and sees its stock surge

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1313854413-e1717432012103.jpg?w=2048

Deborah Clifford, who has been CFO since March 2021, will become chief strategy officer, effective immediately.

https://fortune.com/2024/06/03/autodesk-cfo-reassigned-stock-soaring/


Outdoor Voices acquired by Consortium Brand Partners following store closures and layoffs

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Consortium Brand Partners is also the majority owner of actress Reese Witherspoon’s fashion brand, Draper James.

https://fortune.com/2024/06/03/outdoor-voices-acquired-consortium-brand-partners/


Spirit Airlines’ CFO is ditching one troubled company for another, joining Hertz as the car rental firm tries to shake EV disaster

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Scott Haralson, Spirit's CFO since 2018, will replace Hertz's Alexandra Brooks, who served as the car rental company's finance chief for only a year.

https://fortune.com/2024/06/03/spirit-airlines-cfo-hertz-rental-ev-tesla/


Roaring Kitty's influence over retail investors looks to be vanishing

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1231271129-e1717424552256.jpg?w=2048

Reddit's WallStreetBets community shuns Keith Gill.

https://fortune.com/2024/06/03/gamestop-stock-gme-roaring-kitty-keith-gill-losing-influence/


NYSE investigating apparent malfunction after Berkshire Hathaway stock plunges 99%

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155429535-e1717429754955.jpg?w=2048

The apparent glitch caused "a pile of confusion" for traders after Berkshire stock traded hands at just $185.10 a share.

https://fortune.com/2024/06/03/berkshire-stock-drop-nyse-glitch-malfunction/


Boxing fans will have to wait a bit longer for the bout between Logan Paul and Mike Tyson

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Bout was previously scheduled to air live on Netflix on July 20

https://fortune.com/2024/06/03/mike-tyson-jake-paul-fight-postponed-netflix/


Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year low

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1948402345-3-e1717417928547.jpg?w=2048

The Tesla CEO faces claims he pocketed $3 billion in ill-gotten gains in late 2022 after learning Q4 vehicle sales would not be the 'epic end of year' he promised investors.

https://fortune.com/2024/06/03/elon-musk-tesla-insider-trading-lawsuit-board-directors/


Computer maker Raspberry Pi is aiming to raise millions in a much-needed boost to London's stock markets

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1980667957-e1717419572811.jpg?w=2048

The IPO would be the biggest in London since Kazakhstan’s Air Astana listed its global depositary receipts.

https://fortune.com/europe/2024/06/03/low-cost-computer-maker-raspberry-pi-seeks-40-million-raise-in-ipo-that-london-sorely-needs/


U.K. Gen Z women probably won’t close the gender pay gap before they retire

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2149122981-e1717418661119.jpg?w=2048

The gender pay gap is likely to persist for at least 45 years as progress proves to be stubborn.

https://fortune.com/europe/2024/06/03/uk-gen-z-women-gender-pay-gap-45-years-retire-pwc-research/


Lisa Su tops list of highest-paid female CEOs with total compensation worth $30.3M

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155221645-e1717415463141.jpg?w=2048

But their numbers are still minuscule compared to their male counterparts.

https://fortune.com/2024/06/03/lisa-su-highest-paid-female-ceo/


Typical S&P 500 CEO pay jumped nearly 13% to $16.3m last year

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24151656921356.jpg?w=2048

At half the companies in this year’s pay survey, it would take the worker at the middle of the company’s pay scale almost 200 years to make what their CEO did.

https://fortune.com/2024/06/03/sp-500-ceo-pay-jumped-16m-gains-workers-inflation-squeezes/


Ex-Facebook and Nike diversity manager gets 5 years in jail over $5m fraud scheme

https://fortune.com/img-assets/wp-content/uploads/2024/06/Barbara_Furlow_Smiles-.png?w=2048

Barbara Furlow-Smiles stole more than $4.9 million that had been earmarked for DEI initiatives from Facebook, with the help of her former interns, a hairstylist, baby-sitters, nannies and even her university tutor.

https://fortune.com/2024/06/03/facebook-nike-dei-diversity-manager-sentenced-5-years-5m-fraud-attorney-barbara-furlow-smiles/


As the world’s population ages, baby food pioneer Nestlé wants to cash in a new growth market—the elderly

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1844053338-e1717410717449.jpg?w=2048

Nestlé CEO Mark Schneider sees a "bigger demographic opportunity" in the middle-aged and older population compared to infants.

https://fortune.com/europe/2024/06/03/nestle-baby-food-pioneer-cash-in-worlds-aging-population-problem/


Fed president says that Americans have such a ‘visceral’ hatred of inflation that they’d rather have a recession than rising prices

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1768218053-e1717409424631.jpg?w=2048

"I have learned that the American people—and maybe people in Europe equally—really hate high inflation. I mean, really viscerally hate high inflation."

https://fortune.com/2024/06/03/fed-president-neel-kashkari-amercians-prefer-recession-inflation/


Managers are puzzled by Gen Zers as giving feedback becomes a lost art in the era of the 'coddled mind'

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1459383541-e1717410843969.jpg?w=2048

We may have lost sight of the old saying, 'Prepare the child for the road, not the road for the child.'

https://fortune.com/2024/06/03/managers-puzzled-gen-z-giving-feedback-lost-art-era-coddled-mind-success-careers-leadership/


GameStop shares jump 103% as meme stock Reddit driver DeepF— Value posted an apparent $116 million position

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155065132-e1717409527931.jpg?w=2048

The June 2 screenshot by Keith Gill, who goes by DeepF— Value on Reddit, shows five million shares bought at $21.27 per share.

https://fortune.com/2024/06/03/gamestop-shares-jump-103-as-meme-stock-reddit-driver-deepf-value-posted-an-apparent-116-million-position-in-the-game-retailer/


Oracle co-founder Larry Ellison son David’s latest Paramount bid includes a $15-a-share sweetener

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1916126603-e1717409176104.jpg?w=2048

The offer, a roughly 26% premium to Friday’s closing price, is for only some of the shares, according to a person familiar with the matter.

https://fortune.com/2024/06/03/oracle-larry-ellison-son-david-paramount-bid-15-share-sweetener-shareholders-unhappy-shari-redstone/


One in fifteen European companies face restructuring pressure

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1278673059-e1717406614543.jpg?w=2048

According to a report by Boston Consulting Group.

https://fortune.com/europe/2024/06/03/one-in-fifteen-european-companies-face-restructuring-pressure-bcg/


Volkswagen to develop affordable EVs priced at $21,696

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1233816220-e1717405289244.jpg?w=2048

'We are the country with the most powerful car industry in the world, and we want to remain a global player.'

https://fortune.com/europe/2024/06/03/volkswagen-to-develop-affordable-evs-a-very-good-move-says-germanys-olaf-scholz/


Microsoft announces plans to invest $3.2 billion in Swedish AI

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1930366394-e1717403447154.jpg?w=2048

The Nordic region has become a prime target for big energy users.

https://fortune.com/europe/2024/06/03/microsoft-invest-3-2-billion-swedish-ai/


Southwest Airlines heads back to federal court to try to reverse $800,000 award to flight attendant

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24152829024878-e1717403184700.jpg?w=2048

Southwest argues flight attendant Charlene Carter was fired because she violated company rules requiring civility in the workplace by sending “hostile and graphic" anti-abortion messages to a fellow employee.

https://fortune.com/2024/06/03/southwest-airlines-federal-court-reverse-800000-award-flight-attendant-anti-abortion-views/


Wind-driven wildfire scorches thousands of acres 60 miles east of San Francisco

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24154580619307-e1717402643577.jpg?w=2048

The fire erupted Saturday afternoon in the grassy hills managed by the Lawrence Livermore National Laboratory, one of the country's key centers for nuclear weapons science and technology.

https://fortune.com/2024/06/03/wildfire-scorches-thousands-acres-60-miles-east-san-francisco-california-firefighters-fight-back/


Nobel laureate Paul Krugman agrees Beijing is making too much stuff: 'The world will not accept everything China wants to export'

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1206884894-e1717399149138.jpg?w=2048

China's economy suffers from "vastly inadequate" domestic spending, the Nobel Prize-winning economist said in a television interview.

https://fortune.com/asia/2024/06/03/nobel-laureate-paul-krugman-overcapacity-world-will-not-accept-china-exports/


Saudi Arabia’s oil giant sees massive stock offering sell out in hours as investors clamor for annual dividend payouts of $124 billion

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2087312715-e1717370006432.jpg?w=2048

Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday.

https://fortune.com/2024/06/02/saudi-aramco-stock-offering-crude-oil-investors-dividend-payouts/


We’re about to get central bank rate cuts soon—but not from the Federal Reserve: Here’s who is expected to ease in the coming week

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2153809133-e1717368571166.jpg?w=2048

ECB policymakers led by President Christine Lagarde have insisted they’re comfortable plowing a separate furrow from the Federal Reserve, even if that risks a weaker currency that could stoke inflation.

https://fortune.com/2024/06/02/central-bank-rate-monetary-policy-easing-ecb-canada-denmark-federal-reserve/


Rolex watches are getting more expensive because gold prices have soared to record highs

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2107861401-e1717367200891.jpg?w=2048

The price of gold has surged 14% this year, touching an all time high of $2,450 an ounce in May.

https://fortune.com/2024/06/02/rolex-watch-luxury-retail-pricetag-uk-gold-prices-record-highs/


Media mogul Rupert Murdoch, 93, ties the knot for the 5th time, marrying the ex-wife of a billionaire energy investor and Russian politician

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24154635571862-e1717365399108.jpg?w=2048

Last fall, Murdoch stepped down as leader of both Fox News’ parent company and his News Corp media holdings.

https://fortune.com/2024/06/02/rupert-murdoch-marriage-elena-zhukova-ex-wife-russian-energy-billionaire-politician-news-corp/


Home prices could start falling this summer, marking the 'first domino to fall' on the way to a weaker economy, strategist says

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1188188119-e1717360833851.jpg?w=2048

"The housing market is really the first domino to fall on what we think is going to be a slower growth story down the road."

https://fortune.com/2024/06/02/housing-market-outlook-home-prices-supply-demand-imbalance-economic-growth-warning/


Elon Musk reportedly cussed out a JPMorgan exec years ago, but his cold war with Jamie Dimon may be starting to thaw

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1851965053-e1717352663218.jpg?w=2048

Any improvement in their relationship could clear the way for the largest bank by market cap to do more business with billionaire Musk or his constellation of companies.

https://fortune.com/2024/06/02/elon-musk-jamie-dimon-feud-jpmorgan-tesla-spacex/


JPMorgan will play more 'Moneyball' as the Wall Street giant expands use of an AI tool to help portfolio managers 'correct for bias'

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-930658900-e1717348115378.jpg?w=2048

The AI tool is designed to show users “how they and the market have behaved in similar circumstances and helps them correct for bias and improve their process.”

https://fortune.com/2024/06/02/jpmorgan-generative-artificial-intelligence-moneyball-ai-tool-investment-decisions-jamie-dimon/


Here’s how property tax laws can leave a baby boomer with an annual bill below $8 and a recent buyer with a $3,236 tab—for homes that are worth the same

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1051742628-e1717343353359.jpg?w=2048

Limits on the growth of assessed property values may provide a greater benefit to the wealthy. Exemptions for homes used as primary residences can shift a greater tax burden to rental properties and businesses.

https://fortune.com/2024/06/02/housing-market-property-tax-laws-home-prices-assessed-values/


Donald Trump joins TikTok after he tried to ban it while president as campaign woos youth vote and looks to turn attention away from his felony convictions

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155672494-e1717341895681.jpg?w=2048

“We will leave no front undefended and this represents the continued outreach to a younger audience consuming pro-Trump and anti-Biden content,” Trump campaign spokesperson Steven Cheung said.

https://fortune.com/2024/06/02/donald-trump-joins-tiktok-ban-presidential-campaign-youth-vote-felony-convictions/


OPEC+ extends oil production cuts through all of 2025 to help prop up weaker crude prices

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1406680096-e1717340256663.jpg?w=2048

Members of the producers cartel and allied countries including Russia decided at an online meeting to hold steady its production levels, which include collective cuts of 2 million barrels per day, through Dec. 31, 2025.

https://fortune.com/2024/06/02/opec-meeting-oil-production-cuts-2025-crude-prices-saudi-arabia/


Nvidia says next-gen AI platform Rubin to come in 2026 as CEO Jensen Huang touts chip giant's tech to tackle 'computation inflation'

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155127611-e1717338726728.jpg?w=2048

Huang said the upcoming Rubin AI platform will use HBM4, the next iteration of the essential high-bandwidth memory that’s grown into a bottleneck for AI accelerator production, with leader SK Hynix Inc. largely sold out through 2025.

https://fortune.com/2024/06/02/nvidia-rubin-next-gen-ai-platform-2026-computex-jensen-huang/


Former Yum Brands CEO: How active learning took me from 30 trailer parks to the helm of a $32 billion global corporation

https://fortune.com/img-assets/wp-content/uploads/2024/04/David-Novak.jpg?w=2048

David Novak developed the "vital discipline of learning from anybody, any experience, and any new environment that had something valuable to offer."

https://fortune.com/2024/06/02/ceo-leadership-lessons-careers-business-success-yum-brands/


As the climate heats up, meteorology emerges as the new hot degree on Wall Street

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1354866003-e1717184064689.jpg?w=2048

As financial firms seek an edge in commodities and energy markets, they’re increasingly turning to climate scientists for an advantage.

https://fortune.com/2024/06/02/meterology-finance-climate-science-forecasting-citadel-commodities-energy/


Non-alcoholic beer is booming as GenZers stay sober—and brewers like AB InBev are looking to the Paris Olympics to cash in

https://fortune.com/img-assets/wp-content/uploads/2024/05/Beer-thegoodbrigade-GettyImages-1295737155-e1717146416103.jpg?w=2048

Breakthroughs in low-temperature distillation have improved quality, helping low or zero alcohol become the only beer category that is still growing.

https://fortune.com/europe/2024/06/02/non-alcoholic-beer-booming-genz-sober-brewers-ab-inbev-paris-olympics-cash-in/


Live Nation reveals ‘a criminal threat actor’ offered to sell Ticketmaster data on the dark web, while reports say hackers seek $500,000 for customer info

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2154676136-e1717283964535.jpg?w=2048

The data reportedly includes names, addresses, phone numbers and some credit card details of millions of Ticketmaster customers.

https://fortune.com/2024/06/01/live-nation-ticketmaster-data-breach-hackers-dark-web-customer-info/


The best-performing stock on the S&P 500 is a ‘unicorn’ that joined the index less than a month ago and is beating Nvidia

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1322819264-e1717281566167.jpg?w=2048

Vistra’s mix of gas and nuclear power plants make it “a unicorn,” according to Guggenheim’s Shahriar Pourreza.

https://fortune.com/2024/06/01/best-sp500-stock-vistra-vst-nvidia-nvda-ai-data-center-power-nuclear-energy/


The ANC party that freed South Africa from apartheid loses its 30-year majority, signaling first-ever coalition government to come

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155133582-e1717279826820.jpg?w=2048

With more than 99% of votes counted, the once-dominant ANC had received just over 40% in Wednesday's election.

https://fortune.com/2024/06/01/south-africa-election-african-national-congress-majority-coalition-government-cyril-ramaphosa/


Jerome Powell's Federal Reserve is stuck in a self-defeating paradox that makes cutting rates more difficult, economist warns

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2151818486-e1717274081541.jpg?w=2048

"You can call this the Fed Cut Reflexivity Paradox: The more the Fed insists that the next move in interest rates is a cut, the more financial conditions will ease, making it more difficult for the Fed to cut."

https://fortune.com/2024/06/01/jerome-powell-fed-rate-cut-outlook-financial-conditions-economic-growth-sp500-stock-market/


Nvidia's market cap could more than triple to $10 trillion as it enjoys an 'impenetrable' advantage over AI rivals, analyst says

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2155573433-e1717266528642.jpg?w=2048

"The same thing is happening with Nvidia, which is that the CUDA platform is what software engineers, AI engineers are learning in order to program GPUs. So that helps lock them in. So that combination, right now, I'm calling an impenetrable moat."

https://fortune.com/2024/06/01/nvidia-stock-outlook-market-cap-10-trillion-cuda-software-impenetrable-moat/


Top CEOs who answer to shareholders 'don't want to risk public blowback' for supporting Trump, despite billionaires lining up to back him, analyst says

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2154735044-e1717260506990.jpg?w=2048

"If you're looking for the average Fortune 500 CEO or C-suite person who has to answer to shareholders, they're going to be awfully circumspect about how they put themselves out there or if they put themselves out there at all."

https://fortune.com/2024/06/01/donald-trump-presidential-election-ceo-public-companies-wall-street-billionaires-joe-biden/


S&P downgrades France as debt to soar more than expected, putting it on par with Czech and Estonian ratings

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2154537069-e1717256084230.jpg?w=2048

In its decision, S&P said that contrary to its previous expectations, it now sees France’s general government debt as a share of GDP increasing to about 112% of GDP by 2027 from about 109% in 2023.

https://fortune.com/2024/06/01/debt-downgrade-france-rating-deficits-gdp-outlook-standard-and-poors-emmanuel-macron/


Michael Dell’s net worth sinks the most in a single day, falling by $11.7 billion after shares of his company suffer record selloff on weak revenue

https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-2040800172-e1717253987974.jpg?w=2048

While Dell Technologies reported its first quarterly revenue increase in two years, it wasn’t enough to impress investors with high expectations for its AI server business.

https://fortune.com/2024/06/01/michael-dell-net-worth-biggest-loss-single-day-dell-technologies-stock/


NYC’s Eric Adams, who is waging all-out war against rats, get ticketed for 5th rodent violation on his property since becoming mayor

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24152652883513-e1717252974710.jpg?w=2048

A city health inspector observed fresh rat droppings and a rat burrow “at the front left base of the staircase of the property.”

https://fortune.com/2024/06/01/eric-adams-new-york-city-mayor-rodent-violations-tickets-brooklyn-property/


Vermont becomes first state to make oil companies pay for climate-change damage after Republican governor doesn’t veto bill

https://fortune.com/img-assets/wp-content/uploads/2024/06/AP24152529285068-e1717252046937.jpg?w=2048

The Vermont state treasurer will provide a report by Jan. 15, 2026, on the total cost to the state from the emission of greenhouse gases from Jan. 1, 1995, to Dec. 31, 2024.

https://fortune.com/2024/06/01/climate-change-vermont-law-fossil-fuel-oil-companies-pay-damages/


$80 million mansions, oceanfront views, and secret tunnels to the beach: Inside one of America’s most expensive zip codes

https://fortune.com/img-assets/wp-content/uploads/2024/05/1960-S-Ocean-Blvd-46-e1717162810473.jpg?w=2048

One of America's priciest zip codes is also one of its least known.

https://fortune.com/2024/06/01/florida-mansions-oceanfront-views-beach-tunnels-expensive-zip-codes/


Costco CEO promises the hot dog and drink combo will never cost more than $1.50

https://fortune.com/img-assets/wp-content/uploads/2024/05/Costco-Hot-Dog-1.50-food-court-2024-03-14T140356Z_703008482_MT1USATODAY22769146_RTRMADP_3_THIS-HOT-DOG-AND-DRINK-COMBO-IS-SINGLE-HANDEDLY-THE-MOST.jpg?w=2048

The mythically low price of a hot-dog-and-soda combo hasn’t changed since 1985—and one former CEO says he received a death threat after suggesting a change

https://fortune.com/2024/06/01/costco-ceo-hot-dog-price-story/


When’s the last time you were angry? Just recalling the experience may be detrimental to your heart health, study says

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1051720084-e1717091773416.jpg?w=2048

Feeling sad or anxious, on the other hand, wasn’t associated with blood vessel dysfunction.

https://fortune.com/well/article/anger-heart-disease-attack-stroke-blood-vessel-function/


Snouts, muddy puddles and British accents: How Peppa Pig became a global cultural phenomenon—and a $1.7 billion business franchise

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1401180327-e1717163802457.jpg?w=2048

The staying power of the animated show about a family of pigs—going 20 years strong—has made it one of Britain’s most significant cultural exports.

https://fortune.com/europe/2024/06/01/snouts-muddy-puddles-british-peppa-pig-george-daddy-mummy-cultural-phenomenon-hasbro/


Summer travelers are flocking to northern and central European cities like Brussels and Munich to avoid Mediterranean heat and crowds

https://fortune.com/img-assets/wp-content/uploads/2024/05/Brussels-Andrey-DenisyUK-GettyImages-1456761179-e1717061553838.jpg?w=2048

Not everyone's happy about it, with the Dutch government launching a "stay away" campaign to stem Amsterdam's tourist deluge.

https://fortune.com/europe/2024/06/01/summer-travelers-flocking-northern-central-european-cities-like-brussels-munich-avoid-mediterranean-heat-crowds/


5 best supplements to support your mental health, according to a psychiatrist

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2025715909-e1717195240972.jpg?w=2048

Supplements may help you along your mental health journey; they are not a cure.

https://fortune.com/well/article/best-supplements-for-mental-health/


Romance guild in upheaval following criticism over the way it handled an author who posted negative online comments about other writers

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2115097560-e1717201011392.jpg?w=2048

The group also faced criticism and withdrew an award for a book that included a sympathetic portrayal of a cavalry officer who participated in the slaughter of Lakota Indians.

https://fortune.com/2024/05/31/romance-guild-upheaval-bankruptcy/


A former tech CEO announced a fake offer to buy Getty Images in order to boost its stock price, authorities say

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1074277846-e1717200018656.jpg?w=2048

Robert Scott Murray, former chief executive of the networking-equipment maker 3Com, sold his Getty stock for about $1.5 million, officials said.

https://fortune.com/2024/05/31/former-tech-ceo-fake-offer-getty/


Billionaire Bill Ackman is about to get $4 billion richer as his hedge fund Pershing Square expects a funding round at a premium valuation

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1244132680-e1717189884278.jpg?w=2048

Pershing Square could go public as soon as 2025.

https://fortune.com/2024/05/31/billionaire-bill-ackman-net-worth-pershing-square-funding-round-valuation-ipo/


The best software engineering bootcamps that will get you hired

https://fortune.com/img-assets/wp-content/uploads/2024/05/softwareengineersworking-e1717096728492.jpg?w=2048

Fortune analyzed over a hundred bootcamps and ranked the top 10.

https://fortune.com/education/articles/best-software-engineering-bootcamps/


It’s a summer of playing hooky: feeling pressured not to take their earned vacation, Americans are finding a loophole

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1500563506-e1717189917613.jpg?w=2048

America’s work-life balance clashes with hustle culture, leading employees to spin out.

https://fortune.com/2024/05/31/how-to-quiet-vacation-summer-beach-hooky-milennial/


Elon Musk slams Trump’s ‘trivial’ hush-money verdict, saying it did ‘great damage’ to the legal system

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-19634589891-e1717188614596.jpg?w=2048

The Tesla CEO is one of several corporate leaders leaping to Trump’s defense after his conviction on 34 felony charges.

https://fortune.com/2024/05/31/elon-musk-donald-trump-felony-trial-trivial/


How much you can make as a BI analyst based on where you live

https://fortune.com/img-assets/wp-content/uploads/2024/05/Recommends_Business_Intelligence_Analyst-e1715365141769.jpg?w=2048

You’ll make a substantial salary as a business intelligence analyst if you live in New York, Washington, or California.

https://fortune.com/education/articles/business-intelligence-analyst-salary/


The cost of housing has skyrocketed since Biden's presidency. Now a study says it could help him win critical states in the election

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2155183703-e1717180915181.jpg?w=2048

Americans’ unhappiness with the cost-of-living crisis, it turns out, sometimes exempts homeowners.

https://fortune.com/2024/05/31/housing-costs-election-joe-biden-swing-states/


Renters are moving less often than a decade ago: 1 in 6 have lived in their home for 10 years or more

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1312944632_d88cfe-e1717179170427.jpg?w=2048

Unaffordable housing costs are partly to blame; home prices have risen more than 40% since before the pandemic, according to a newly released Redfin analysis.

https://fortune.com/2024/05/31/housing-market-outlook-renters-moving-less-unaffordable-home-prices-mortgage-rates/


Chinese shopping giant Temu is in the crosshairs of the EU's digital surveillance crackdown

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1319763415-e1717178269333.jpg?w=2048

Temu will be required to obey the bloc's most stringent rules and obligations, which include assessing and mitigating “systemic risks.”

https://fortune.com/2024/05/31/temu-european-union-privacy-surveillance/


Labor Department investigation finds Hyundai and suppliers had 13-year-olds working 50-hour weeks on the assembly line

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1238171761-e1717173530431.jpg?w=2048

The Department of Labor is asking the federal government to intervene after it revealed child labor violations at some of Hyundai's manufacturing facilities in Alabama.

https://fortune.com/2024/05/31/labor-department-investigation-hyundai-child-labor-assembly-line-autos-car/


British supermarket Tesco is laser-tattooing avocados to cut plastic pollution. Will it make any difference?

https://fortune.com/img-assets/wp-content/uploads/2024/05/avocado-jason-alden-GettyImages-2153317764-e1717171626602.jpg?w=2048

It's a small change conducted on a trial basis, but when it comes to sustainability, lots of little things add up.

https://fortune.com/europe/2024/05/31/tesco-laser-avocado-plastic-pollution-will-it-work/


Trump Media share price show the mixed emotions of his supporters

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2155290960-e1717164723573.jpg?w=2048

Volatility ramps up following conviction.

https://fortune.com/2024/05/31/trump-media-stock-price-post-conviction-guilty-verdict/


Tesla’s recall headaches continue—this time with seat belt warning concerns for over 125,000 vehicles

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2151277390_1ccd7a-e1717169021864.jpg?w=2048

Potential malfunctions with the warning system, meant to alert drivers their seatbelt is unfastened, could increase the risk of injuries.

https://fortune.com/2024/05/31/tesla-recall-seat-belt-warning-elon-musk/


U.K. millennials will probably never see same income boom as elders, study shows

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1175567400-e1717163389588.jpg?w=2048

Income growth in the U.K. slowed massively after the financial crash, while it sped up in countries like the U.S. and Germany.

https://fortune.com/europe/2024/05/31/uk-millennials-income-boom-gen-x-baby-boomers-major-study-shows/


Nike's secret 'DNA' department hit by layoffs in $2 billion cost-cutting scheme

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2154535676-e1717166586638.jpg?w=2048

The DNA collection is not open to the public and is largely reserved for researchers and designers.

https://fortune.com/2024/05/31/nikes-secret-sneaker-department-dna-layoffs/


Jeep jumps into the EV market in the U.S. with new SUV

https://fortune.com/img-assets/wp-content/uploads/2024/05/JeepWagoneerS-e1717164619479.jpg?w=2048

European drivers already have EV options.

https://fortune.com/2024/05/31/jeep-first-us-ev-wagoneer-s-suv-electric-vehicles/


Donald Trump’s latest appeal to pro-crypto voters includes asking Elon Musk for policy tips

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1244985464-e1717160217806.jpg?w=2048

Newly convicted felon Donald Trump has been ramping up a pro-crypto stance in recent weeks.

https://fortune.com/crypto/2024/05/31/donald-trump-elon-musk-crypto-policy-2024-election-memecoins/


Nimble’s affordability, user-friendliness, and seamless integration make it possible to turn prospects into loyal customers

https://fortune.com/img-assets/wp-content/uploads/2024/05/The-Nimble-CRM-logo-on-a-blue-and-green-frame.jpg?w=2048

While there’s no free plan or multiple plans to choose from, Nimble automates sales and marketing processes to help small businesses close deals quickly

https://fortune.com/recommends/crm/nimble-crm-review/


Trump’s fundraising site crashes after guilty verdict as both Biden and Trump campaigns use hush payment trial to drum up millions in donations

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2155379908-e1717157950413.jpg?w=2048

Trump has proven highly effective at spinning his numerous indictments and arraignments into grassroots donations, out-raising the Biden campaign in April.

https://fortune.com/2024/05/31/donald-trump-fundraising-campaign-website-crash/


Inflation rose in Europe in May but its central bank is still set to cut interest rates before the Fed

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2152696031-e1717154239454.jpg?w=2048

Inflation ticked up to an annual 2.6% in Europe in May. That's more than expected as a painful spike in consumer prices takes its time to fade away.

https://fortune.com/europe/2024/05/31/inflation-rose-europe-central-bank-cut-interest-rates-federal-reserve/


Nearly half of master’s degree programs leave students financially worse off

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-965474856-e1717151522735.jpg?w=2048

“Even the MBA, one of America’s most popular master’s degrees, frequently has a low or negative payoff,” the report warns

https://fortune.com/2024/05/31/half-masters-degree-mba-students-worse-off-one-subject-starting-salary-over-100k-freopp/


Renault links up with Chinese partner to build $22,000 EV after VW broadside

https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-1715552858-e1717152185979.jpg?w=2048

Renault CEO Luca de Meo was critical of Volkswagen after talks over a joint affordable EV imploded.

https://fortune.com/europe/2024/05/31/renault-china-ev-partner-volkswagen/


Lab-grown meat isn’t on grocery store shelves yet, but Florida and Arizona have already banned it

https://fortune.com/img-assets/wp-content/uploads/2024/05/AP24150634014062-e1717081977201.jpg?w=2048

Some cultivated meat companies say they’re considering legal action, and some states—like Tennessee—shelved proposed bans after lawmakers argued they would restrict consumers’ choices.

https://fortune.com/2024/05/31/lab-grown-meat-ban-alabama-iowa-florida/