Trump claims he 'never read 'Mein Kampf'' as he seeks to defend comments about immigrants 'poisoning the blood' of America

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Trump didn't address the Colorado Supreme Court's decision to disqualify him from the state's ballot under a constitutional insurrection clause.

https://fortune.com/2023/12/20/donald-trump-mein-kampf-adolf-hitler-nazis-immigrants-poisoning-blood/


A quiet cybersecurity revolution is touching every corner of the economy as U.S., allies ‘pull all the levers’ to face new threats

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The government is pulling every regulatory lever available to quietly define and enforce mandatory cybersecurity minimums on the entire economy.

https://fortune.com/2023/12/20/quiet-cybersecurity-revolution-economy-us-allies-new-threats-regulation-politics-tech-eric-noonan/


Wayfair CEO Niraj Shah warns staff 'history doesn't reward laziness with success’

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Be generous with your time, but tread caution when spending company dime, Wayfair’s CEO Niraj Shah told workers.

https://fortune.com/2023/12/20/wayfair-ceo-niraj-shah-warns-staff-laziness-rewarded-success-profitability/


U.S. states are trashing millions of COVID protective gear because of expiration, surpluses and a lack of willing takers: 'That’s what happens when you don’t prepare'

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Items are aging, and as a deadline to allocate federal COVID-19 cash approaches next year, states must decide how much to invest in maintaining warehouses and supply stockpiles.

https://fortune.com/2023/12/20/us-states-trashing-millions-covid-protective-gear-ppe-expiration-surplus-lack-willing-takers/


'The rich will only get richer' and defy luxury slowdown, says group behind $139,000 speakers

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Bang & Olufsen's CEO believes his shoppers will only get wealthier, after the company sold more high margin products last quarter.

https://fortune.com/europe/2023/12/20/luxury-audio-brand-bang-olufsen-139000-speakers-economic-slowdown-rich-become-richer/


Alibaba is replacing its e-commerce head after just nine months in the job as it tries to beat back Pinduoduo- and Temu-owner PDD

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Eddie Wu, Alibaba Group CEO, is now taking direct control over the tech giant's e-commerce division.

https://fortune.com/asia/2023/12/20/alibaba-replaces-ecommerce-head-nine-months-into-job-pinduouo-pdd-temu/


San Francisco’s population is bouncing back for the first time since losing tens of thousands in the post-pandemic exodus

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The population gain is welcome news for a city that has seen an exodus of residents and retail businesses in recent years, plunging San Francisco into a worsening budget crisis.

https://fortune.com/2023/12/20/san-francisco-population-rises/


Tesla trims merit-based stock awards, squeezing compensation as company navigates ‘challenging economic environment’

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During annual performance reviews, employees usually get salary adjustments as well as merit-based stock grants on top of their existing equity.

https://fortune.com/2023/12/20/tesla-trims-merit-based-stock-awards-squeezing-compensation/


Drilling is coming back after ban in Pennsylvania ‘Gasland’ town where residents could light their tap water on fire

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Coterra Energy has won permission from state environmental regulators to drill 11 gas wells underneath Dimock Township, in the state’s northeastern corner.

https://fortune.com/2023/12/20/drilling-returning-pennsylvania-gasland-town-dimock-coterra-energy/


Elon Musk, Taylor Swift, inflation and AI: Business stories that dominated 2023

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A look back at 10 top business stories in 2023.

https://fortune.com/2023/12/20/elon-musk-taylor-swift-inflation-ai-business-stories-2023/


Nippon Steel's Harvard-educated president explains his $14 billion deal for U.S. Steel: It's all about China and defending the 'free-competition world'

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But U.S. lawmakers aren't quite so convinced that the Japanese company's drive to enter the U.S. steel industry is good for American security.

https://fortune.com/asia/2023/12/20/nippon-steel-president-eiji-hashimoto-explains-us-steel-deal-harvard-educated/


Southwest Airlines agrees to a tentative labor deal with its 11,000 pilots after more than 3 years of negotiations

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Specific terms of the agreement weren't disclosed, but pilots at American, United and Delta have won raises of roughly 40% over five years.

https://fortune.com/2023/12/19/southwest-airlines-tentative-labor-deal-pilots/


Many people who owe back taxes can now pay up without penalty after IRS waives its usual fees

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Agency leadership says the pause in automated reminders during the pandemic is a reason behind the decision to forgive the failure-to-pay penalties.

https://fortune.com/2023/12/19/irs-waive-1-billion-in-penalties-back-taxes/


'Toilet to tap': California approves using recycled wastewater for drinking to help solve frequent drought

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California's new rules would let — but not require — water agencies take wastewater, treat it, and then put it right back into the drinking water system.

https://fortune.com/2023/12/19/california-oks-new-rules-wastewater-drinking/


Colorado's Supreme Court takes extraordinary step of banning Donald Trump from state's primary ballot after ruling he 'engaged in insurrection'

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“We do not reach these conclusions lightly,” wrote the court’s majority.

https://fortune.com/2023/12/19/donald-trump-banned-ballot-colorado-supreme-court-insurrection-clause/


Glass vase bought at Goodwill for $3.99 turns out to be a rare masterpiece that just sold for $107,000

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The vase was produced by the renowned glass company Venini and designed by Italian architect Carlo Scarpa, who died in 1978.

https://fortune.com/2023/12/19/vase-goodwill-rare-piece-sold-auction-for-107000/


Outgoing philanthropy exec says this era is like the 1920s, when 'A lot of people became fascists, and a lot of people became communists'

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Larry Kramer, president of the William and Flora Hewlett Foundation, is leaving the organization for the London School of Economics.

https://fortune.com/2023/12/19/larry-kramer-interview-philanthropy-hewlett-foundation-fascists-1920s/


Beyond miles: comparing airline credit cards and travel credit cards

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Generic travel credit cards and airline credit cards offer excellent perks, and each is best suited for different types of travelers.

https://fortune.com/recommends/credit-cards/airline-credit-cards-vs-travel-credit-cards/


Even a burst in new home construction isn’t enough to solve the nation’s housing crisis

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“We are still not building enough new housing to keep up with demand,” Bright MLS chief economist Lisa Sturtevant said.

https://fortune.com/2023/12/19/new-home-construction-starts-real-estate-prices-housing-crisis/


The Ledger hack could have been much worse. But it also could have been easily prevented

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Standards that are commonplace in other industries, such as banking, could have easily prevented a major infrastructure compromise.

https://fortune.com/crypto/2023/12/19/ledger-hack-preventable-cybersecurity-crypto-firms/


American Express Business Gold Card: Benefits and rewards that offset the annual fee

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The Amex Business Gold packs a punch in earnings, but make sure you don’t get knocked out by the annual fee.

https://fortune.com/recommends/credit-cards/american-express-business-gold-card-review/


Wall Street is close to all-time highs as the S&P and Dow surge amid more dovish moves by Japan's central bank

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The S&P 500 was 0.4% higher in midday trading, just 0.8% shy of its record set nearly two years ago, while the Dow was up 182 points.

https://fortune.com/2023/12/19/wall-street-near-all-time-highs-dow-jones-sp-500/


WeWork’s co-working model was supposed to fix traditional commercial real estate–but both the new idea and the centuries-old industry are failing

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While billed as an inventive means to insert energy into the workplace, WeWork is built on the foundation of the age-old model that it claims to transform.

https://fortune.com/2023/12/19/weworks-co-working-model-fix-traditional-commercial-real-estate-industry-failing-christelle-rohaut/


The best CD rates for Massachusetts in December 2023

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We analyzed Curinos data to determine the most impressive CD rates in Massachusetts.

https://fortune.com/recommends/banking/cd-rates-massachusetts/


If you hate the idea of rotating and bonus categories, give this flat-rate rewards card a shot

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Open a Citizens Quest checking account to boost your cash back rate to 1.9%.

https://fortune.com/recommends/credit-cards/citizens-cash-back-plus-world-mastercard-review/


Retailers step up their shipping wars to compete with ultra-cheap China outfits—and consumers are reaping the spoils

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Walmart and Target are investing money in fulfillment centers to close the delivery gap with Amazon, which is trying to ward off China-based rivals Shein and Temu.

https://fortune.com/2023/12/19/shipping-wars-online-shopping-consumers/


These are the best CD rates in Rhode Island today

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We crunched the data to locate the best CD rates available in Rhode Island today.

https://fortune.com/recommends/banking/cd-rates-rhode-island/


The dream of widespread student loan forgiveness died this year—but Biden has still canceled over $100 billion in debt

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The majority of debt forgiveness has gone to middle-aged borrowers.

https://fortune.com/2023/12/19/biden-canceled-one-hundred-billion-dollars-student-debt/


Commercial real estate values will suffer a $480 billion wipeout next year—and that’s following a $590 billion loss in 2023, research firm says

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Here’s a closer look at the carnage, according to the firm’s recently published 2024 commercial property outlook.

https://fortune.com/2023/12/19/capital-economics-wipeout-commercial-real-estate-values-losses/


Jeff Bezos reveals his formula for perfect meetings to weed out those 'who pretend to have done the reading'

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The tech billionaire thinks that preparing a crystal-clear six-page document on what’s about to be discussed is the winning formula for a productive meeting overflowing with ideas.

https://fortune.com/2023/12/19/amazon-jeff-bezos-formula-perfect-meeting/


10 priciest NYC home sales of 2023 show ‘the rich are still very rich’

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Last year, the top 10 residential sales in New York totaled $640.7 million. This year’s top 10 rose slightly, to $650.9 million.

https://fortune.com/2023/12/19/10-priciest-nyc-home-sales-2023-show-rich-still-very-rich/


4-day workweek trial threatened with funding cuts by U.K. lawmakers opposed ‘regardless of what the data is saying,’ local leader says

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A local council has been threatened with legal action and financial consequences over its four-day week trial, but it's standing firm.

https://fortune.com/europe/2023/12/19/4-day-workweek-local-governments-money-pulled-uk-lawmakers/


Hermès billionaire heir moves to cut ties with his charity amid plans to adopt gardener and pass on part of his fortune

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Nicolas Puech, fifth-generation descendant of the founder of French luxury brand Hermès International wishes to sever ties with his Isocrates Foundation. The move comes after the heir made plans to adopt his gardener.

https://fortune.com/europe/2023/12/19/hermes-billionaire-heir-nicolas-puech-cut-ties-charity-isocrates-foundation-gardener-adoption/


'It's like Lego.' German entrepreneur seeks $269 million to revamp container ships for new modular floating hospitals

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Health-care entrepreneur Ulrich Marseille seeks to fund a new venture that will build and operate customized hospital ships to provide emergency medical aid around the globe.

https://fortune.com/europe/2023/12/19/german-entrepreneur-seeks-269-million-new-modular-floating-hospitals-lego/


Will Medicare pay for your home health care needs? It might—if you meet certain requirements

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Experts clarify one of the biggest areas of confusion about Medicare—whether, and when, it covers home care.

https://fortune.com/well/article/medicare-pay-for-home-health-care-requirements/


Elf Bar and other Chinese e-cigarette makers dodged U.S. customs and taxes by labeling them as ‘battery chargers,’ ‘flashlights’ and other items

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Records show the makers of disposable vapes routinely mislabel their shipments, hampering efforts to block products that are driving teen vaping.

https://fortune.com/asia/2023/12/19/elf-bar-chinese-ecigarette-makers-dodged-us-customs-taxes-labeling-battery-chargers-flashlights-teen-vaping/


Amazon, Walmart and Target are speeding up deliveries as they fight challengers Shein and Temu

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Haven’t ordered any of your holiday gifts yet?

https://fortune.com/2023/12/19/amazon-walmart-target-speeding-deliveries-challengers-shein-temu-holiday-orders/


TikTok, Meta and X group is suing Utah over strict new app limits

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The restrictions are designed to protect children from targeted advertisements and addictive features that could negatively impact their mental health.

https://fortune.com/2023/12/19/tiktok-meta-x-suing-utah-new-app-limits/


Phonemaker Xiaomi is spending 10 times the industry average to break into China's EV market and challenge Elon Musk's Tesla

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In an interview aired over the weekend, Xiaomi founder Lei Jun said the company devoted $1.4 billion towards a single EV prototype.

https://fortune.com/asia/2023/12/19/xiaomi-founder-lei-jun-evs-ten-times-industry-average-tesla-byd/


Google to pay $700M to settle state antitrust claims

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The disclosure follows Google's loss to Epic Games in a court case over the same issue.

https://fortune.com/2023/12/19/google-settle-700-million-antitrust-state-android-app-store/


A volcano just erupted in Iceland that's threatening the country's prime tourist attraction—the spectacular Blue Lagoon

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Iceland, which has 30 volcanic systems and more than 600 hot springs, is one of the most geologically active places on earth.

https://fortune.com/europe/2023/12/18/volcano-iceland-eruption-blue-lagoon/


Apple scrambles to salvage its $17 billion smartwatch business amid a looming ban over patent infringement

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It’s a high-stakes engineering effort unlike any Apple has undertaken before.

https://fortune.com/2023/12/18/apple-salvage-watch-business-ban-patent-infringement/


Jonathan Majors, who stared in major Marvel films, is dumped by the studio after being found guilty of assaulting his former girlfriend

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Marvel and Disney immediately dropped Majors from all upcoming projects following the conviction.

https://fortune.com/2023/12/18/jonathan-majors-marvel-disney-assualt-verdict-former-girlfriend/


Gold-colored Air Jordans that were custom-made for Spike Lee sell for $51,000: 'We couldn't believe it'

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The amount was more than double the high end of the predicted sale price.

https://fortune.com/2023/12/18/air-jordans-spike-lee-custom-made-gold-sell-for-51000/


YouTube influencer who gave parenting advice pleads guilty to horrific child abuse

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Her emaciated son, who had duct tape around his ankles and wrists, escaped to a nearby house and that person called authorities.

https://fortune.com/2023/12/18/youtube-mom-influencer-parenting-advice-ruby-franke-pleads-guilty-child-abuse-case/


20 years ago, Clarence Thomas was drowning in debt and right-wing politicians were terrified he'd quit the Supreme Court, sources say

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In the years that followed, Thomas accepted a stream of gifts from friends and acquaintances that may be unparalleled in the modern history of the Supreme Court.

https://fortune.com/2023/12/18/clarence-thomas-debt-underpaid-supreme-court-worries-he-would-quit/


Goldman Sachs’ chief economist says ‘The Great Disinflation’ is under way—and he expects 3 back-to-back interest rate cuts by summer

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Goldman’s Jan Hatzius put the odds of a recession at just 15% when much of Wall Street worried about a downturn. Now, he’s taking an inflation victory lap.

https://fortune.com/2023/12/18/inflation-outlook-goldman-sachs-chief-economist-jan-hatzius-recession/


Olipop’s 38-year-old founder reveals his daily routine

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Olipop founder Ben Goodwin spends his evenings mixing microbiome-friendly formulas for his next viral sensation.

https://fortune.com/well/article/olipop-cofounder-daily-habits-wellness-routine-ben-goodwin/


Nikola founder who 'over and over' made false claims about his startup's electric trucks gets 4 years in prison

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Trevor Milton was convicted of fraud charges after prosecutors portrayed him as a con man.

https://fortune.com/2023/12/18/nikola-founder-sentenced-prison-electric-trucks/


Millions of Americans have already moved away from flood-prone ‘climate abandonment areas,’ scientists find. They project huge flood risk in the Midwest through 2053

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Cities dealing with slow population growth could see a death knell from increased flood risk, new research suggests.

https://fortune.com/2023/12/18/flood-risk-climate-change-moving-climate-abandonment-area/


BSNF Railway has been slow-walking a permit to stop running over grizzly bears for nearly 20 years, environmental groups claim in lawsuit

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Since 2004, the railroad has been seeking a seven-year permit allowing it to kill an average of 2.5 grizzly bears per year in exchange for efforts to reduce train strikes.

https://fortune.com/2023/12/18/bsnf-railway-grizzly-bears-endangered-species-permit-lawsuit/


Bank of America warned of a mild recession at the beginning of the year. Now, it says ‘the Fed is close to ‘sticking’ a soft landing

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History shows only one successful soft landing in 60 years of rate hikes. This time could be a second.

https://fortune.com/2023/12/18/bank-of-america-soft-landing-no-recession-new-economic-forecast/


Delta SkyMiles® Reserve American Express Card: the card for Delta flyers who want lounge access

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The Delta SkyMiles® Reserve Amex is a great choice for Delta flyers who want perks with the airline as much as they enjoy spending time sipping on a drink at the lounge.

https://fortune.com/recommends/credit-cards/delta-skymiles-reserve-american-express-review/


‘They see a cash cow’: Officials overseeing billions in opioid settlements are deluged with product offers from companies hoping to cash in

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As $50 billion in opioid settlement dollars land in government coffers, a swarm of businesses are positioning themselves to profit from the windfall.

https://fortune.com/2023/12/18/opioid-settlement-funds-companies-cashing-in/


New York's Met Museum to return 16 looted artifacts, tied to art dealer accused of running a trafficking network, to Cambodia and Thailand

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The pieces were tied to Douglas Latchford, an art dealer and collector accused of running a huge antiquities trafficking network out of Southeast Asia.

https://fortune.com/2023/12/18/metropolitan-museum-of-art-return-stolen-cambodia-thailand-douglas-latchford/


After a storm of criticism, Lina Khan’s FTC has a $7 billion victory related to a cancer-test acquisition

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Gene sequencing company Illumina will divest subsidiary Grail after a court found it broke antitrust laws in the 2021 acquisition.

https://fortune.com/2023/12/18/illumina-grail-lina-khan-ftc-7-billion/


Hit Netflix show 'The Keepers' revives cold case as FBI exhumes body from unsolved 1969 killing

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Joyce Malecki’s death received widespread attention after “The Keepers” was released in 2017, raising questions about her disappearance a half-century ago.

https://fortune.com/2023/12/18/fbi-exhumes-body-joyce-malecki-netflix-the-keepers/


Prince Harry only won $180,000 in court against a British tabloid but the phone-hacking case is an industry landmark

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Harry is determined to tame the tabloids, blaming them for the death of his mother Princess Diana, hounding his youth, and helping drive him and his wife to move.

https://fortune.com/europe/2023/12/18/prince-harry-victory-british-tabloid-phone-hacking-case/


Brainy NBA GM Daryl Morey realizes musical-theater dream with basketball-themed show about 6-inch-tall Michael Jordan and Pippin

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“I could win any sort of musical theater trivia,” Morey says. “That’s sort of an embarrassing fact for myself.”

https://fortune.com/2023/12/18/philadelphia-76ers-president-daryl-morey-basketball-musical-small-ball-broadway/


St. Petersburg and Tampa Bay are tussling over which city can claim the Rays—with a $6.5 billion new stadium deal at stake

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“We are the Tampa Bay Rays. Our name is deliberately inclusive. Our fans live throughout Tampa Bay and central Florida,” team co-president Brian Auld says.

https://fortune.com/2023/12/18/mlb-tampa-bay-rays-name-change-st-petersburg-stadium-deal/


Adobe to pay Figma a $1B breakup fee after European regulators scuttle proposed merger

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“Despite thousands of hours spent with regulators around the world...we no longer see a path toward regulatory approval," Figma's CEO wrote.

https://fortune.com/2023/12/18/adobe-figma-breakup-european-regulators-merger/


St. Louis' baseball beer legacy lives on as Cardinals reup Busch Stadium naming rights through a 7th decade

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Bud Light will remain on the menu at Busch Memorial Stadium, which has carried the family name of the Budweiser founders since 1953.

https://fortune.com/2023/12/18/st-louis-cardinals-anheuser-busch-extend-marketing-stadium-deal-2030/


Hawaii governor threatens to use 'hammer' to convert 3,000 vacation rentals to housing for newly homeless Maui wildfire survivors

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Josh Green says 6,297 former Lahaina residents are still living in hotels, more than four months after the Aug. 8 wildfire.

https://fortune.com/2023/12/18/hawaii-governor-josh-green-convert-vacation-rentals-housing-lahaina-maui-wildfire-survivors/


Trump claims Saudi-backed LIV Golf is coming to his Florida golf course in April

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Trump National Doral, near Miami, was a staple on the PGA Tour's Florida swing and once was regarded as the first stop on the road to the Masters.

https://fortune.com/2023/12/18/donald-trump-liv-golf-saudi-arabia-florida-doral-masters/


NCAA fears 'perpetual and unchecked free agency' after court ruling strikes down longstanding transfer policy

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The states challenging the NCAA's transfer policy are Colorado, Illinois, New York, North Carolina, Ohio, Tennessee and West Virginia.

https://fortune.com/2023/12/18/ncaa-transfer-antitrust-restraining-order-fears-perpetual-unchecked-free-agency/


'Let the kids play': After bombshell NCAA transfer athlete ruling, movement builds to ease up on rule—for now

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The NCAA and a coalition of states asked a federal court to extend a small window for multiple-transfer athletes to compete through at least the winter and spring.

https://fortune.com/2023/12/18/ncaa-sports-antitrust-transfer-athletes-restraining-order/


Southwest Airlines agrees to $140m settlement for flight canceling meltdown that stranded 2 million travelers in December 2022

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The assessment stems from nearly 17,000 canceled flights a year ago, starting as a winter storm paralyzed Southwest operations in Denver and Chicago.

https://fortune.com/2023/12/18/southwest-airlines-140m-settlement-flight-canceling-meltdown-stranded-2-million-travelers-december-2022/


Citadel billionaire founder Ken Griffin and other recent finance arrivals are turbocharging Florida’s charitable giving: ‘It’s happening right now’

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The Miami Foundation’s recent ‘Give Miami Day’ raised $34 million this year, more than double the $14 million it brought in 2019.

https://fortune.com/2023/12/18/citadel-billionaire-founder-ken-griffin-recent-finance-arrivals-turbocharging-floridas-charitable-giving/


Stressed-out employees are multitasking to survive virtual meetings–and bosses hate it

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'Our meeting culture needs an overhaul,' writes Dr. Gleb Tsipursky.

https://fortune.com/2023/12/18/stressed-out-employees-multitasking-survive-virtual-meetings-bosses-hate-careers-work-gleb-tsipursky/


Dump the U.K. for the U.S. if you want to be worth more, major investor says

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Pearson is the latest company under pressure to shift to the U.S. as London investors fight falling valuations for U.K.-listed companies.

https://fortune.com/europe/2023/12/18/uk-stock-market-us-activist-investor-pearson/


Why companies need more age diversity in their leadership ranks

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To tackle long-term challenges, companies need leadership that balances the experience of age with the curiosity of youth.

https://fortune.com/2023/12/18/future-50-ceos-leadership-age-diversity-bcg/


Arm lays off over 70 software engineers in China and will relocate some of the jobs outside the country as U.S. chip restrictions take hold

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The SoftBank-backed firm has been impacted by restrictions Washington imposed on technology exports to Chinese companies as Arm has developed some of its designs, widely used by mobile devices, in the U.S.

https://fortune.com/asia/2023/12/18/arm-lays-off-over-70-software-engineers-in-china-and-will-relocate-some-of-the-jobs-outside-the-country-as-u-s-chip-restrictions-take-hold/


Self-checkout technology faces a reckoning just as retailers like Walmart and Target are in the midst of their busiest time of the year

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Some retailers are adding restrictions, while others are pulling out completely.

https://fortune.com/2023/12/18/self-checkout-walmart-target/


Japan's chipmaking companies can't quit the China chip market, despite Washington and Tokyo's controls

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Companies like Tokyo Electron and Kokusai are finding a big market in China for older chipmaking equipment.

https://fortune.com/asia/2023/12/18/japan-legacy-chip-equipment-china-sales-export-controls-semiconductors-tokyo-electron/


China's middle class battered by real-estate meltdown and it 'might just be the beginning of more wealth losses'

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Household wealth is melting away for many as the world’s second-largest economy struggles to regain momentum.

https://fortune.com/2023/12/17/china-middle-class-real-estate-meltdown-wealth-loss/


Nissan to sell electric vehicles made in China globally in another sign of automakers responding to Chinese automotive prowess

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Western and Japanese carmakers alike are shifting their strategies as affordable Chinese EVs spread around the globe.

https://fortune.com/2023/12/17/nissan-to-sell-electric-vehicles-made-in-china-globally/


'Wonka' musical tops box office, notching Timothée Chalamet his second No. 1 movie following 'Dune'

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Musicals have been a tough sell, so much so that Warner Bros. downplayed the song and dance elements in "Wonka" trailers.

https://fortune.com/2023/12/17/wonka-tops-box-office-chalamet-movies-entertainment/


Jeff Bezos says companies must develop 'a culture that supports truth-telling' to succeed. Here's how he did it at Amazon and Blue Origin

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"We mostly survive by being social animals and being cordial" but "important truths can be uncomfortable," said the Amazon founder.

https://fortune.com/2023/12/17/jeff-bezos-leadership-truth-telling-company-culture-amazon-blue-origin/


Activision Blizzard to pay $54M to settle gender discrimination lawsuit, agrees to ensure 'fair pay and promotion practices'

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Discrimination allegations helped drag down the video-game maker's stock price in 2021, paving the way for Microsoft's takeover.

https://fortune.com/2023/12/17/activision-blizzard-settles-gender-discrimination-lawsuit/


Our condo went up so much in value we were able to cash in and buy our dream home—and we're happy to swallow a mortgage twice as big until rates come down

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"Mortgage rates were not going to change our plans. We weren't going to base our lives on that."

https://fortune.com/2023/12/17/millennial-couple-sold-condo-bought-house-high-mortgage/


A veteran teacher opens up about why the broken school system made her quit her ‘soul crushing’ job

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Fed up with a teaching in a high-stress environment with poor conditions, Lisa Wolfe threw in the towel after 19 years.

https://fortune.com/2023/12/17/teacher-explains-broken-school-system-quitting-job/


A Dorito's liquor is coming out soon. We did a taste test.

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The spirit, which goes on sale in January, clocks in at 42% alcohol and has a texture that lingers—much like a stout or port.

https://fortune.com/2023/12/17/taste-testing-doritos-liquor-2023/


6 ways to avoid holiday travel stress, stay mindful on the go, and fly with ease

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It’s time to meditate at the gate.

https://fortune.com/well/article/avoid-holiday-travel-stress-stay-mindful-fly/


After viral video shows Cybertruck struggling on hill, Forest Service makes Tesla cheeky offer

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The agency offered to partner with Tesla on off-road education and said "this really happened" to a Cybertruck at Stanislaus National Forest.

https://fortune.com/2023/12/16/tesla-cybertruck-struggling-spurs-forest-service-offer/


Thanks to 'Barbie,' Mattel is thriving as Hasbro cuts 1,100 jobs—and more toy-centric flicks ‘about humanity’ are in the works

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“Barbie” turbocharged sales of dolls, accessories, and Dreamhouses even as the industry suffered, and toymakers noticed.

https://fortune.com/2023/12/16/mattel-thrives-barbie-hasbro-cuts-jobs-toys-movies/


U.S. military shoots down 14 drones in Red Sea—launched from areas of Yemen controlled by Iran-backed Houthis—as attacks on commercial carriers threaten havoc for world trade

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Major shippers announced on Saturday that they won’t send their vessels through the Red Sea for now in the face of rising threats.

https://fortune.com/2023/12/16/us-military-shoots-down-14-houthi-drones-red-sea-protect-world-trade/


Jeff Bezos, Elon Musk say human population not nearly big enough: ‘If we had a trillion humans, we would have at any given time a thousand Mozarts’

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“I think in a lot of these endeavors we're very like-minded,” Bezos said of himself and Musk regarding getting humans into space.

https://fortune.com/2023/12/16/jeff-bezos-elon-musk-human-population-outer-space-mars-spacex-blue-origin/


Elon Musk calls diversity, equity, inclusion 'morally wrong' propaganda words for racism, sexism: 'Changing the target class doesn’t make it right'

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Tesla recently stated, “From day one during onboarding, employees are exposed to our Diversity, Equity and Inclusion (DEI) principles."

https://fortune.com/2023/12/16/elon-musk-calls-diversity-equity-inclusion-propaganda/


Solar rooftops gain traction as electric vehicles owners look to skip paying for electricity or gasoline: ‘Solar just makes sense’

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Residential solar is gaining traction in the U.S., with about 4.5 million homes now with solar rooftops.

https://fortune.com/2023/12/16/solar-rooftops-gain-electric-vehicles-owners-skip-paying-for-electricity-gasoline/


The Federal Reserve is on the cusp of defeating inflation without a steep recession

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The cost of goods — such as used cars, furniture and appliances — has fallen for six straight months.

https://fortune.com/2023/12/16/fed-inflation-recession-economy-jerome-powell/


The Californication of the country’s housing market

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Record homelessness, sky-high rents, and homes affordable only to millionaires: A case study in how local control and a shifting national economy created today’s perverse housing market.

https://fortune.com/2023/12/16/california-housing-crisis-policy-failure-threaten-rest-of-the-country/


Chia seeds aren't just a superfood—researchers say they could help combat world hunger and climate change

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The tiny speckled seeds offer more than a simple nutritional boost.

https://fortune.com/well/article/chia-seeds-nutrition-benefits-superfood/


Tesla driver who killed 2 people while using autopilot must pay $23,000 in restitution without having to serve any jail time

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The case is believed to be the first time that U.S. prosecutors have brought felony charges against a motorist who was using a partially automated driving system.

https://fortune.com/2023/12/15/tesla-driver-to-pay-23k-in-restitution-crash-killed-2-people/


Panama Canal is taking a small step to ease the epic traffic jam that has snarled global shipping for months

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Better-than-expected rains have eased the drought that has limited the number of ships that can pass through the canal.

https://fortune.com/2023/12/15/panama-canal-shipping-traffic-jam-water-drought-rain/


Donald Trump's civil fraud case enters the final phase after 40 witnesses and a judge wistfully saying, 'In a strange way, I'm gonna miss this trial'

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The judge has already ruled that Trump is liable for making fraudulent statements, but other claims and a potential final penalty still need to be decided.

https://fortune.com/2023/12/15/trump-civil-fraud-trial-what-we-learned/


Early applications to Harvard tumbled 17% from last year—and that was before its president's controversial testimony about antisemitism

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The drop comes after incidents of antisemitism on campus in the wake of the Oct. 7 attack on Israel by Hamas.

https://fortune.com/2023/12/15/harvard-college-early-admission-applications-drop-17-from-last-year/


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

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

https://fortune.com/well/2023/12/15/what-is-ketamine-risks-dangers-matthew-perry/


Nasdaq soars to a record high and is on track for its biggest annual gain since 2009

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The tech-heavy index has been on an almost non-stop run since January.

https://fortune.com/2023/12/15/nasdaq-100-new-record-interest-rate-cuts/


The homeless crisis is getting worse with a 12% rise to a new to record high amid an 'extraordinarily challenging' rental market

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About 653,000 people were homeless, the most since the current survey method was started in 2007.

https://fortune.com/2023/12/15/homelessness-up-12-percent-highest-reported-level-rent-covid-aid/


'Friends' star Matthew Perry died from effects of the drug ketamine, autopsy finds

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He died from the acute effects of the anesthetic ketamine, the coroner said.

https://fortune.com/2023/12/15/matthew-perry-cause-of-death-drug-ketamine-drowning-autopsy-finds/


The frozen U.S. housing market is finally starting to thaw as mortgage rates drop below 7% and more homes change hands

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Declining mortgage rates are ‘breathing new life’ into housing market, Redfin says

https://fortune.com/2023/12/15/housing-market-prices-mortgage-rates-home-sales/


MacKenzie Scott surprised a nonprofit with a $2.2 million donation it didn’t even apply for, as the billionaire continues to give away the bulk of her wealth

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A small nonprofit in Cincinnati thought the email bearing the good news was spam at first.

https://fortune.com/2023/12/15/mackenzie-scott-donates-two-million-cincinnati-nonprofit-crossroad-health/


GM to 'rip off the Band Aid and significantly cut costs' by laying off 1,300 workers amid its transition to EVs

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The layoffs will affect workers at two plants in Michigan as GM winds down production of its Chevrolet Bolt and Camaro models.

https://fortune.com/2023/12/15/gm-lay-off-1300-workers-two-factories-electric-vehicles/


Looking for "it"? This cash-back credit card offers up to 5% cash back.

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Receive a generous 5% cash back every quarter when you activate the rotating categories.

https://fortune.com/recommends/credit-cards/discover-it-cash-back-credit-card-review/


Mortgage rates could drop below 5%, if inflation keeps falling as fast as it has been, Mortgage News Daily exec says

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“The rate momentum is as good as the trajectory of economic data,” said Mortgage News Daily’s chief operating officer, Matthew Graham.

https://fortune.com/2023/12/15/mortgage-news-daily-mortgage-rates-inflation-housing-market/


Jeff Bezos says Blue Origin 'needs to be much faster' as SpaceX races ahead under a 'capable' Elon Musk

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The Amazon founder has courted controversy while trying to add a "sense of urgency" to his SpaceX rival Blue Origin.

https://fortune.com/2023/12/15/jeff-bezos-blue-origin-spacex-elon-musk-amazon-satellites-space-leadership/


Bank of America® Unlimited Cash Rewards review: unlimited 1.5% cash back on all purchases with no annual fee

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The Bank of America® Unlimited Cash Rewards credit card is best for Bank of America Preferred Rewards members who can earn extra rewards on every purchase.

https://fortune.com/recommends/credit-cards/bank-of-america-unlimited-cash-rewards-review/


The Wall Street bull who called this year’s stock market rally says small cap stocks could surge 50% over the next year

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The stock market rally this year leaves little room for growth—unless you’re looking at smaller companies, noted Fundstrat Global Advisors co-founder Tom Lee.

https://fortune.com/2023/12/15/small-cap-stocks-could-rise-50-percent-next-year-tom-lee-fundstrat/


Inflation will fall to nearly 2% next year but unemployment will surge, Congressional Budget Office predicts

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The report predicts weaker growth, lower unemployment, and higher interest rates in 2024 and 2025.

https://fortune.com/2023/12/15/congressional-budget-office-inflation-unemployment-2024-2025/


Chase Freedom Unlimited® review: well-rounded rewards card with no annual fee

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The Chase Freedom Unlimited® card also comes with an introductory 0% APR for purchases and balance transfers.

https://fortune.com/recommends/credit-cards/chase-freedom-unlimited-review/


SEC rejects Coinbase’s request for a separate regulatory framework for the cryptocurrency industry

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“The existing securities regime appropriately governs crypto asset securities,” SEC Chair Gary Gensler said in a letter supporting the rejection.

https://fortune.com/crypto/2023/12/15/sec-coinbase-petition-rulemaking-rejection-gary-gensler-crypto-industry/


Gen X has the largest wealth gap of any generation, and it means ‘the American Dream of retirement is going to be a nightmare’ for them

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Gen X is next in line to retire, but an asset management company finds the generation is staring down a savings gap that has few of them prepared.

https://fortune.com/2023/12/15/gen-x-largest-wealth-gap-unprepared-for-retirement/


Don’t leave home without it: 9 credit cards that offer comprehensive travel insurance

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Many travel credit cards offer extensive travel insurance, but not all policies are equal. We've rounded up some of the best options.

https://fortune.com/recommends/credit-cards/credit-cards-with-travel-insurance/


GM’s moonshot bet on self-driving cars sours as Cruise axes a quarter of its workforce

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The GM subsidiary has been in non-stop crisis mode ever since a fateful accident at the start of October.

https://fortune.com/2023/12/15/gm-cruise-job-cuts-layoffs-workforce-self-driving-cars-robotaxis/


Top insurance CEO announces that white male new hires must be personally sign off by herself

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There is “no non-diverse hire" at Aviva that hasn't been "signed off by me and the chief people officer,” the blue-chip company's CEO Amanda Blanc revealed.

https://fortune.com/europe/2023/12/15/aviva-insurance-ceo-amanda-blanc-white-male-new-hires-sign-off-improve-diversity/


Prince Harry won his lawsuit against tabloid publisher that hacked his phone—and was awarded $175,000

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Justice Timothy Fancourt in the High Court found phone hacking was “widespread and habitual” at Mirror Group Newspapers over many years.

https://fortune.com/europe/2023/12/15/prince-harry-wins-lawsuit-daily-mirror-publisher-phone-hacking/


Portugal’s attempts to block wealthy foreign home buyers aren’t working as Lisbon house prices keep rising past Milan, Madrid and Berlin

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For many Portuguese families, whose salaries are among the lowest in western Europe, the dream of buying a home has been replaced by expensive, substandard rentals in far-flung suburbs.

https://fortune.com/europe/2023/12/15/portugal-wealthy-foreign-home-buyers-lisbon-house-prices-rising-milan-madrid/


Mike Grgich, Croatian immigrant who put Napa Valley on the world’s wine map in the ‘Judgement of Paris’, dies at 100

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Grgich left Croatia in 1954 with a few U.S. dollars hidden in his shoe and a suitcase full of wine-making books.

https://fortune.com/2023/12/15/mike-grgich-croatian-immigrant-napa-valley-world-wine-map-judgement-paris-dies-100/


Pharma will pay rebates in 2024 on 48 drugs whose prices rose more than inflation this year: ‘Let’s call this for what it is—it simply is a rip off’

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The White House unveiled a list of 48 drugs — from chemotherapy treatments to growth hormones used to treat endocrine disorders — whose prices increased faster than the rate of inflation this year.

https://fortune.com/2023/12/15/pharma-rebates-2024-48-drug-prices-rose-faster-inflation-biden/


'Independent actor' Vietnam is deftly navigating geopolitical tensions as both Biden and Xi make trips to Hanoi promising investment

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Chinese president Xi Jinping traveled to Vietnam this week for his first trip to the country since 2017.

https://fortune.com/asia/2023/12/15/indepedent-actor-vietnam-navigates-geopolitical-tensions-china-president-xi-jinping-visit-joe-biden/


Lionel Messi's 'historic' jerseys worn during Argentina's 2022 World Cup victory run just sold for $7.8 million

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The victory, in which Messi scored two of Argentina's three goals, represented a crowning moment for one of the sport's greatest-ever players.

https://fortune.com/2023/12/14/lionel-messi-jerseys-argentina-2022-world-cup-victory-sold-auction/


A new business mogul has joined the elite club of super-rich worth over $100 billion

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Mexican telecom mogul Carlos Slim’s fortune has passed the $100 billion mark for the first time.

https://fortune.com/2023/12/14/carlos-slim-mexico-billionaire-net-worth/


Chevron says Gavin Newsom's California is increasingly hostile to fuel makers and has 'worsened' the state's gasoline market

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The comments come as California lawmakers consider limiting the profits in-state refiners can reap.

https://fortune.com/2023/12/14/gavin-newsom-california-hostile-fuel-makers-chevron/


Janet Yellen is worried about AI's potential threat to U.S. financial stability and says federal watchdogs should make averting disaster a top priority

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One worry is AI's ability to incresae bias in lending, especially for AI programs that operate as “black boxes,” making their output difficult to explain.

https://fortune.com/2023/12/14/janet-yellen-ai-risk-financial-stability/


COVID-19 v. Flu: A ‘much more serious threat,’ new study into long-term risks concludes

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‘We trivialize COVID infections at our peril,’ says the author of the study.

https://fortune.com/2023/12/14/covid-19-v-flu-more-serious-threat-new-study-health-carolyn-barber/


AI is OK with boomers—natural language capabilities are helping the newest technology find an eager audience with older users

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Remember when kids were the early adopters of the latest tech gadgets? With generative AI, that's starting to change.

https://fortune.com/2023/12/14/natural-language-generative-ai-demographics-older-users-loneliness-aarp/


The commercial real estate market will get better for investors who are ‘willing to take the long view,’ PwC says

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Interest rates, cost of capital, and capital availability will be most important commercial real estate issues in 2024

https://fortune.com/2023/12/14/commercial-real-estate-market-2024-pwc-report/


The dos and dont’s of introducing your customers to generative AI

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Executives at Accenture, Mastercard and Best Buy share their insights and experiences using generative AI with their most valuable assets - customers.

https://fortune.com/2023/12/14/bestbuy-mastercard-accentuire-customers-generative-ai-benefits-accuracy-guardrails/


Days after announcing a deal with SpaceX, Amazon seeks to dismiss lawsuit claiming it snubbed the Elon Musk space company last year

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Investors allege Amazon originally excluded SpaceX due to founder Jeff Bezos’ "personal rivalry" with SpaceX CEO Elon Musk.

https://fortune.com/2023/12/14/amazon-spacex-lawsuit-kaipur-starlink-space-satellites-musk-bezos/


Looking for a terrific all-around cash-back credit card?

https://content.fortune.com/wp-content/uploads/2023/09/Recommends_Chase_Freedom_Flex_Card_Review.jpg?w=2048

The Chase Freedom Flex card is short on fees but high on premium benefits.

https://fortune.com/recommends/credit-cards/chase-freedom-flex-credit-card-review/


GenAI is turning the cybersecurity landscape—and the CISO role—on its head

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Being prepared for rapidly changing, AI-fueled threats requires that security officers turn to a new set of tools and skills.

https://fortune.com/2023/12/14/generative-ai-changing-cybersecurity-landscape-ciso-role/


With interest-rate hikes in Jerome Powell’s rearview mirror, Wall Street starts a new guessing game: Timing when the Fed will cut

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With Powell touting "progress" on inflation, the Fed predicted three rate hikes next year—but many on Wall Street see four or even five.

https://fortune.com/2023/12/14/interest-rate-cuts-timing-wall-street-inflation-fading/


Homebuyers are finally feeling relief now that monthly payments are at their lowest level in 8 months

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It’s not all good news for buyers, the median home sale price is still up 4.5%, according to Redfin.

https://fortune.com/2023/12/14/redfin-relief-for-homebuyers-mortgage-rates-monthly-payments-housing-market/


Carly Fiorina: 'America's 250th needs American business'

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As the U.S. semiquincentennial draws nearer, workplaces should encourage year-round civic dialogue and engagement to observe the anniversary.

https://fortune.com/2023/12/14/carly-fiorina-america-250th-needs-american-business-semiquincentennial/


A new 3.5-year cruise for remote workers is set to embark next May

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Villa Vie Odyssey plans to set sail in May 2024; former passengers of the cancelled Life at Sea cruise will get a small discount.

https://fortune.com/2023/12/14/3-year-cruise-remote-workers-life-at-sea-villa-vie/


AI is in the early stages of upending the drug discovery and development process, but there will still need to be a ‘lab in the loop’

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AI is changing the way drugs are designed and developed. And according to industry experts at Fortune's Brainstorm AI conference, this has the potential to reduce research and development cycles of life-saving drugs.

https://fortune.com/2023/12/14/ai-upending-drug-discovery-development-lab-in-the-loop-amgen/


Want a simple way to earn cash back every day? The Citi Double Cash Card is tough to beat.

https://content.fortune.com/wp-content/uploads/2023/09/Recommends_Citi_Double_Cash_Card_Review.jpg?w=2048

The Citi Double Cash Card is tough to beat, with no annual fee and 2% cash back on every purchase.

https://fortune.com/recommends/credit-cards/citi-double-cash-card-review/


The Republican leading the probe of Hunter Biden for alleged corruption has his own shell company and complicated business dealings

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James Comer co-owns property with a campaign donor in a structure that allows him to hide it on disclosure forms.

https://fortune.com/2023/12/14/james-comer-kentucky-land-shell-company-hunter-biden-probe/


Treasury Secretary Janet Yellen says Trump’s China tariffs left America ‘vulnerable and more isolated’ in rare rebuke of GOP front-runner

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“It damaged our global standing and meant significant missed economic opportunities for American firms and workers," Yellen said.

https://fortune.com/2023/12/14/treasury-secretary-janet-yellen-trumps-china-policies-america-us-vulnerable-isolated-global-economy/


More boomers are staying in their jobs instead of retiring. They’re working longer hours and making more money, new Pew data finds

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"There’s going to be more old people doing everything. Working, traveling, eating out. It’s an unavoidable trend."

https://fortune.com/2023/12/14/boomers-working-during-retirement-years-pew-data/


Retail sales shoot up 0.3% in November as consumers hit the gas on spending ahead of holidays

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Sales were expected to decline in November amid uncertainty over the economy.

https://fortune.com/2023/12/14/retail-sales-november-2023-consumer-spending-holiday-season/


'College for all' has failed America. Can the education system be fixed?

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Without good career pathways besides the bachelor's degree, Americans will continue to struggle for economic security.

https://fortune.com/2023/12/14/college-for-all-bachelor-degree-income-inequality/


Vladimir Putin’s war in Ukraine has cost Russia’s economy 5% of growth, U.S. Treasury says

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Russia plans big defense spending with inflation running high. But Vladimir Putin thinks the economy is doing great as it grow and keeps unemployment low.

https://fortune.com/europe/2023/12/14/vladimir-putin-war-ukraine-invasion-economy-growth-sanctions-price-cap-us-treasury/


Range Rovers plummet in value despite $13 million push to theft-proof SUVs

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Since May, the average price of a used Range Rover has dropped 9.3% to £35,224 ($44,609).

https://fortune.com/europe/2023/12/14/range-rovers-value-steal-theft-proof/


Bud Light boycott campaigner Kid Rock changes his tune on protests

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The musician who emptied a magazine of bullets into cases of the low-calorie lager in protest says it’s now time for conservatives to move on.

https://fortune.com/2023/12/14/bud-light-boycott-kid-rock-anheuser-busch-tucker-carlson/


The Fed may be aiming the U.S. for a soft landing and no recession but slumping oil demand growth shows Europe is facing a big slowdown

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Global oil demand growth is slowing down sharply as economic activity weakens in key countries, the International Energy Agency said as it slashed estimates for this quarter.

https://fortune.com/europe/2023/12/14/fed-aiming-us-soft-landing-no-recession-slumping-oil-demand-growth-shows-europe-facing-big-slowdown/


Cattle industry sues to block the reintroduction of gray wolves as rural businesses and urban environmentalists clash in Colorado

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State wildlife officials plan to capture up to 10 wolves from Oregon and begin releasing them in Colorado by Dec. 31.

https://fortune.com/2023/12/14/cattle-industry-sues-to-block-the-reintroduction-of-gray-wolves/


Salesforce boss Marc Benioff is cashing out of his company’s shares with almost daily sales at a rate of $3m a day

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Since July, the Salesforce Inc. co-founder has been selling 15,000 shares of the software company’s stock — about $3 million worth — almost daily.

https://fortune.com/2023/12/14/salesforce-boss-marc-benioff-cashing-out-company-shares-daily-sales-rate-3m-day/


Mickey Mouse will soon belong to everyone as Disney’s copyright expires in 2024

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Current artists and creators will be able to make use of Mickey, but with major limits.

https://fortune.com/2023/12/14/mickey-mouse-disney-copyright/


Elon Musk wanted India to cut EV import tariffs before he opens a factory there. It looks like it’s not happening—for now

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India and Tesla were closing in on an agreement that involved selling the U.S. automaker’s cars in the country from next year as well as setting up a factory in two years.

https://fortune.com/2023/12/14/elon-musk-wanted-india-cut-ev-import-tariffs-opens-factory-not-happening-now-modi/


Struggling Chinese developer Country Garden is slashing the salary and benefits of its top executives—with one getting a 96% pay cut

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Country Garden announced pay cuts for four of its top executives as it scrambles to avoid defaulting on more debt.

https://fortune.com/2023/12/14/chinese-developer-country-garden-slashes-pay-yang-huiyan-avoids-onshore-default-china-property-crisis/


Why retailers are betting that natural language search and generative AI is the future of shopping

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AI can serve as the connective tissue between brick-and-mortar retail stores and online shopping experiences, according to speakers at at retail panel during Fortune Brainstorm AI conference.

https://fortune.com/2023/12/13/retail-future-natural-language-search-generative-ai/


How middle managers are bridging the gap between the AI dreams hatched in the C-suite and the real world

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Executives' ambitious AI plans highlight a gap between vision and implementation, raising concerns about disconnect and risks.

https://fortune.com/2023/12/13/middle-managers-disconnect-c-suite-ai-dreams-reality/


Cruise jettisons 9 more top executives as the fallout widens from a robotaxi scandal that already claimed the company's CEO

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Parent GM is trying to regain the trust of regulators and the public following after a Cruise car struck and dragged a pedestrian for 20 feet.

https://fortune.com/2023/12/13/general-motors-cruise-executive-departures/


FTC is investigating Adobe over its rules for canceling software subscriptions after years of customer complaints

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Adobe said Wednesday that a settlement could involve “significant monetary costs or penalties.”

https://fortune.com/2023/12/13/ftc-adobe-investigation-canceling-subscriptions/


The Fed’s declaration that rates may have peaked is ‘a long-awaited holiday present’ for Wall Street, sending the Dow to a record close

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“The bears are running for cover and may have to go into hibernation” after the Fed's dovish outlook, said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.

https://fortune.com/2023/12/13/the-feds-declaration-that-rates-may-have-peaked-is-a-long-awaited-holiday-present-for-wall-street-sending-the-dow-to-a-record-close/


U.S. just gave a historic blessing to a new nuclear reactor that doesn't use water for cooling

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While commercial reactors in use today are cooled by water, the Kairos technology uses molten fluoride salt as a coolant.

https://fortune.com/2023/12/13/nuclear-reactor-approval-molten-salt-cooling-tennessee/


Homeowners, get ready to date the rate. Refinancing is making its comeback as mortgage rates drop to 7%

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Refinancing index increased 19% week-over-week, says the Mortgage Bankers Association.

https://fortune.com/2023/12/13/home-mortgage-refinance-rate-decling/


Executives from Workday, Snowflake, Adobe, and Credo AI share the top strategies for success—and the mistakes to avoid— when integrating AI into your business

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There's no executive playbook for integrating AI into your company, but those who have had the most success have avoided some common pitfalls.

https://fortune.com/2023/12/13/biggest-insights-strategies-mistakes-implementing-ai-workday-snowflake-adobe-credoai-brainstorm/


Billionaire Bill Ackman argues his antisemitism crusade against Harvard is totally unrelated to his 'unfortunate experience as a donor'

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Harvard had previously bungled a multi-million dollar donation from Ackman.

https://fortune.com/2023/12/13/bill-ackman-harvard-donation-coupang-antisemitism-president/


Elon Musk wants to create new schools in Austin—from elementary to university—that he's funding with a $100 million gift

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Musk’s new STEM school was expecting an initial class of 50 students and looking to hire an executive director, teacher and administrator.

https://fortune.com/2023/12/13/elon-musk-donation-new-university-austin/


Tesla and Block among Bitcoin-holding firms expecting big boost from FASB rule change in late 2024

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The ability to list Bitcoin at fair market value will help firms like Tesla, but could also lead other companies to add crypto to their treasuries.

https://fortune.com/crypto/2023/12/13/tesla-block-bitcoin-crypto-fasb-rule-change-2024/


Donald Trump just sabotaged his old NFT collections with his new NFT collection

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The former president has reaped millions of dollars from two previous NFT sales.

https://fortune.com/crypto/2023/12/13/donald-trump-dents-price-of-previous-nfts-with-new-mugshot-collection/


The happiest employees take this many days of PTO. But a vast majority of workers still feel guilty taking vacation

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Almost 80% of workers feel guilty about taking PTO.

https://fortune.com/well/2023/12/13/happy-workers-pto-time-off-guilt-vacation/


Oklahoma City voters approve hiking sales tax to pay for new $1 billion arena for NBA’s Thunder, despite economists’ warnings

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Taxpayers voted in an additional 1% sales tax over six years despite some economists' arguments that the arena would have no impact on growth.

https://fortune.com/2023/12/13/oklahoma-city-voters-approve-sales-tax-build-1-billion-arena-nba-thunder/


Sam Altman's OpenAI agrees to pay German media giant Axel Springer for using its content to train AI models

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The deal comes after months of pressure from media publications over fair compensation from AI developers.

https://fortune.com/2023/12/13/sam-altman-openai-makes-deal-with-axel-springer/


The FTC should embrace proactive problem-solving

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The legal precedent would strongly discourage companies from trying to solve perceived problems with proposed transactions.

https://fortune.com/2023/12/13/ftc-should-embrace-proactive-problem-solving-anitrust-tech/


Consumer spending at TikTok tops $10 billion

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It’s the first non-gaming app to pass that threshold, with TikTokers poised to spend 40 hours each month in the app by the end of next year.

https://fortune.com/2023/12/13/tiktok-10-billion-in-global-spending/


Google’s loss in the Epic lawsuit put billions of dollars in Play Store commissions at stake — and its appeal is an ‘uphill battle’

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Here's what happens next as Google appeals a jury verdict that found it guilty of anticompetitive practices.

https://fortune.com/2023/12/13/google-lost-antitrust-lawsuit-epic-games-verdict-what-happens-next/


Amazon, Walmart and Target stop selling potentially deadly water beads marketed to kids as lawmakers call for a national ban

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Thousands of ER visits a year are related to swallowed water beads, which can expand up to 100 times their size and cause life-threatening injuries.

https://fortune.com/2023/12/13/amazon-walmart-target-stop-selling-water-beads/


Russian man faces federal charges of being a stowaway after he flew undetected from Denmark to Los Angeles without a passport or ticket

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The man, who pleaded not guilty, also are “two meals during each meal service, and at one point attempted to eat the chocolate that belonged to members of the cabin crew,” according to the complaint.

https://fortune.com/2023/12/13/russian-man-stowaway-denmark-los-angeles-lax-scandinavian-airlines/


a16z and Founders Fund lead $13.5 million round for crypto onboarding startup Dynamic Labs

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The company previously raised $7.5 million in a seed round led by a16z.

https://fortune.com/crypto/2023/12/13/dynamic-labs-raises-13-5-million-dollars-a16z-founders-fund/


Spike Lee debunks the 'worst lie' that’s being sold to young people about success

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"It’s not like you’re just out there, and the hand of God is going to come down from the heavens and say, ‘You are the next one.’"

https://fortune.com/2023/12/13/spike-lee-debunks-overnight-success-lie/


British Goldman Sachs top commodities trader is retiring after making $100 million in 3 years—topping what CEO David Solomon pulled in

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Ed Emerson joined the Goldman Sachs in 1999 as an analyst, and now oversees global commodities at the investment bank.

https://fortune.com/2023/12/13/goldman-sachs-trader-ed-emerson-100-million-3-years-ceo-david-solomon-salary-bonus/


Citigroup used a London banker as ‘scapegoat’ in $45m failure—now he wants to return to work for the bank after winning an unfair dismissal lawsuit

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Ian Weir was fired by the bank in 2021 but his lawyers argued he was used as a "scapegoat" in a "cleaning house" operation.

https://fortune.com/europe/2023/12/13/citigroup-london-banker-scapegoat-unfair-dismissal-lawsuit/


Gen Z are scaling back on eating out because they have ‘menu anxiety:’ They’re too scared to talk to waiters and inflation-bloated bills freak them out

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Almost 40% of GenZ customers said they simply wouldn't go out for dinner if they couldn't check the menu first.

https://fortune.com/2023/12/13/gen-z-menu-anxiety-eating-out-habits/


London’s Christmas party scene is bouncing back like it’s 2019

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The strong Christmas results thus far come as a relief for the UK’s beleaguered industry.

https://fortune.com/europe/2023/12/13/london-christmas-party-bouncing-back/


Uber, Deliveroo and other ride-hailing and food-delivery platforms will have to treat 5.5m gig workers as employees under new EU deal

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While many of the apps say they offer riders flexibility and the freedom of self employment, some labor activists have said that they offer too few protections.

https://fortune.com/europe/2023/12/13/uber-deliveroo-ride-hailing-food-delivery-platforms-treat-gig-workers-employees-new-eu-deal/


More than 1 in 3 Gen Zers are choosing friends over family this holiday season to avoid drama. If you want them to stick around, here are the key topics to avoid

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No sides of family gossip at the holiday roast, please.

https://fortune.com/well/2023/12/13/1-in-3-gen-z-friends-family-holiday-season-avoid-drama-key/


Spanish fashion giant Zara is pulling ads that reminded shoppers of Israel’s war against Hamas in Gaza

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The images for a line of jackets included what the Inditex-owned company called “unfinished sculptures in a sculptor's studio.”

https://fortune.com/europe/2023/12/13/spain-fashion-zara-pulling-ads-reminded-shoppers-israel-war-hamas-gaza/


Argentina just cut the value of its currency in half as inflation hits 143%: ‘Our mission is to avoid a catastrophe’

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The nation has a yawning fiscal deficit, a trade deficit of $43 billion, plus a daunting $45 billion debt to the International Monetary Fund.

https://fortune.com/2023/12/13/argentina-devalues-peso-currency-half-inflation-143-javier-milei-luis-caputo/


There's a 'silver lining' to China's 'deflationary cloud'—they can 'export' lower prices to the West in a win-win scenario, according to Société Générale's Albert Edwards

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“The ‘West’ wants lower inflation, while China (and Japan) wants higher inflation. There is a deal to be done and maybe all parties can benefit," Edwards wrote.

https://fortune.com/2023/12/13/china-deflation-deflationary-cloud-silver-lining-societe-generale-export-us/


Design leaders are viewing their profession with a bit more humility: 'Not that many businesses are so fluid that they need constant reinvention'

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At Fortune's Brainstorm Design conference, designers recognized that the practice may not be a path to automatic business success.

https://fortune.com/2023/12/12/designers-humility-ai-cliff-kuang-katrina-alcorn-ben-sheppard-brainstorm-design/


White House tech policy director says every U.S. citizen must have the ability to tell if images and videos released by the government are ‘authentic material’

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President Biden's recent Executive Order on artificial intelligence represents the 'first broad, cohesive action taken anywhere in the world on artificial intelligence,' according to Aratii Prabhakar.

https://fortune.com/2023/12/12/white-house-tech-policy-director-aratii-prabhakar-watermarking-ai-images-authentic/


Legendary Silicon Valley investor Vinod Khosla says the existential risk of sentient AI killing us is ‘not worthy of conversation’

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The longtime Silicon Valley investor says that "doomers are worried about the wrong risks" when it comes to AI. We should be worried about China, not sentient AI.

https://fortune.com/2023/12/12/vinod-khosla-existential-sentient-ai-risk-not-worthy-of-conversation/


Overthinking the risks of AI is its own risk, says LinkedIn cofounder Reid Hoffman: ‘The important thing is to not fumble the future’

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The longtime tech entrepreneur and investor likened the advent of AI to the creation of the automobile to show the problem with focusing only on the risks of new technology.

https://fortune.com/2023/12/12/reid-hoffman-greylock-inflection-ai-risks-fumble-future-brainstorm/


Ken Griffin’s Citadel has outperformed many hedge funds and boosted its assets to $63 billion — now it plans to return $7 billion to clients

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Citadel’s performance is an outlier among its multistrategy peers, many of which have posted single-digit returns this year.

https://fortune.com/2023/12/12/ken-griffins-citadel-return-7-billion-to-clients/


Elon Musk’s X is seeing ad revenue plunge by half from prior years and is expected to bring in just $2.5B this year

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X was not profitable when Musk took over, but the company reported more than $5 billion in revenue the year before he acquired it.

https://fortune.com/2023/12/12/elon-musks-x-is-seeing-ad-revenue-plunge-by-half-from-prior-years-and-is-expected-to-bring-in-just-2-5b-this-year/


From shopping to streaming, get up to 5% back on essentials with the U.S. Bank Cash+® Visa Signature card

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With no annual fee, your cash back goes further.

https://fortune.com/recommends/credit-cards/us-bank-cash-plus-visa-signature-review/


South Dakota denied a ‘REZWEED’ vanity license plate, calling it bad taste. The state just admitted that was unconstitutional

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“It’s dangerous to allow the government to decide which speech is allowed and which should be censored,” an ACLU official said.

https://fortune.com/2023/12/12/south-dakota-denied-a-rezweed-vanity-license-plate-calling-it-bad-taste-the-state-just-admitted-that-was-unconstitutional/


China’s fears over the economy and its Gen Z 'lying flat' have it worried about social media posts with a bad attitude

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Its internet censorship agency issued new rules to ban content that promotes “pessimism” about the country’s economy.

https://fortune.com/2023/12/12/china-censors-pessimism-online-lying-flat-president-xi-jinping/


Netflix just opened the floodgates with its first ever biannual report revealing viewership data

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A top show for the first six months of 2023 was "Ginny & Georgia," which Netflix users watched for the equivalent of 110,000 years.

https://fortune.com/2023/12/12/netflix-releases-first-biannual-report-viewership-data/


Instacard Mastercard review: Lucrative rewards that go beyond groceries

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

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


Businesses aren’t prepared for AI’s massive labor disruption, but experts say focusing on a few key changes is vital

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Critical thinking and reasoning skills will be more important than ever as AI takes over repetitive tasks, panelists explained at Fortune's Brainstorm AI conference.

https://fortune.com/2023/12/12/businesses-prepare-ai-massive-labor-disruption-workday/


Surprise: Wage growth has actually outpaced the crushing inflation over the past 2.5 years, according to the JEC Democrats

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National average wages and salaries grew by nearly $15,000 from January 2021 to October 2023, according to the JEC Democrats.

https://fortune.com/2023/12/12/wage-growth-exceeded-inflation-jec-democrats/


Most companies using AI are ‘lighting money on fire,’ says Cloudflare CEO Matthew Prince

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The outspoken CloudFlare founder said the time and money that businesses are pouring into early AI projects are unlikely to yield returns, and he blasted cloud providers for making the problem worse.

https://fortune.com/2023/12/12/cloudflare-ceo-matthew-prince-companies-lighting-money-fire-with-ai/


The U.N. has made 5 big promises over 30 years of climate talks—here’s a look at how they’ve turned out

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Previous U.N. climate summits have ended with funds to help developing countries go green, pledges to slash pollution, and promises to keep people most vulnerable at the center of policy discussions.

https://fortune.com/2023/12/12/united-nations-climate-change-history-promises-cop28/


Workers are turning to music as stressful workplaces become the norm. Here’s the science of how it works–and how to find your soundtrack to success

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Unlocking the power of music to boost your brain can be a game-changer in getting your most important work done in your day.

https://fortune.com/2023/12/12/workers-turning-music-stressful-workplaces-science-work-success/


Ron DeSantis’ attorneys ask a federal judge to dismiss Disney’s free speech lawsuit in a move Disney calls ‘profoundly un-American’

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Disney filed the lawsuit after the Florida governor took over Walt Disney World's governing district in retaliation for the company opposing his "Don't Say Gay" law.

https://fortune.com/2023/12/12/ron-desantis-attorney-ask-federal-judge-dismiss-disney-free-speech-lawsuit-dont-say-gay-law/


Harvard says Claudine Gay will remain president, resisting donors’ and politicians’ calls for her ouster in the wake of antisemitism backlash

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A petition signed by more than 600 faculty members had asked the school's governing body to keep Gay in charge.

https://fortune.com/2023/12/12/harvard-president-claudine-gay-campus-antisemitism-israel-gaza-controversy/


Inflation rate fell to 3.1% in November as plummeting gas prices offset rising costs of cars, insurance, and dining out

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Overall inflation eased while core inflation sped up slightly, leaving the Fed on track to hold interest rates steady at its upcoming meeting.

https://fortune.com/2023/12/12/inflation-november-gas-prices-offset-rising-costs-of-cars-insurance-and-dining-out/


Climate activist Al Gore blasts COP28 outcome as biggest failure in history—‘reads as if OPEC dictated it word for word’

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The oil and gas lobby, out in force in UAE's Dubai, succeeded in preventing a commitment to phase out fossil fuels.

https://fortune.com/2023/12/12/climate-cop28-dubai-uae-failure-fossil-fuels-lobby-al-gore/


Choice Hotels launches $8bn hostile takeover bid for bigger rival Wyndham after being rebuffed repeatedly

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Choice has said that it went public with the bid after six months of negotiations broke down.

https://fortune.com/2023/12/12/choice-hotels-launches-8bn-hostile-takeover-bid-wyndham-rebuffed-repeatedly/


Carlsberg CEO plans to continue hiking beer prices and expand in Asia as the brewer tries to offset the loss of its ‘stolen’ Russian business

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Carlsberg chief Jacob Aarup-Andersen said consumers can expect "price increases from us again next year.”

https://fortune.com/europe/2023/12/12/carlsberg-ceo-jacob-aarup-andersen-hiking-beer-price-danish-brewer-russian-business-baltika/


Sam Altman doesn't mind being the fall guy for your AI fears

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"I'm sorry, it's been a long few weeks, I'm a little worn down," Sam Altman told the audience on his return to the conference circuit.

https://fortune.com/2023/12/12/sam-altman-openai-artificial-intelligence-humanity-fears/


Biden and American business must mobilize for the economic conflict with China

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Winning this economic struggle will require transformative action from both Washington and corporate America.

https://fortune.com/2023/12/12/us-china-economic-conflict-biden-mobilization/


Politicians and regulators keep shouting that crypto is synonymous with fraud. Here’s why they’re wrong

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An entire industry shouldn't be condemned because of a few bad actors.

https://fortune.com/crypto/2023/12/12/cryptocurrencies-fraud-politicians-regulators-critics-bad-actors/


World’s best cities for expats are almost all in the most-expensive parts of Europe

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Austrian capital, Vienna, retained its place at the top of the list followed by the Swiss city of Zurich. The bottom of the list in 241st place was the Sudanese capital, Khartoum.

https://fortune.com/europe/2023/12/12/worlds-top-10-cities-for-expats/


PepsiCo will make Doritos-flavored cocktails for Gen Z alongside Danish distillery founded by alumni of the world-renowned Noma restaurant

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The limited release of the beverage, available at doritos.x.empirical.co and at to-be-announced locations in New York and California, will go for $65 for a 750 milliliter bottle.

https://fortune.com/2023/12/12/pepsico-doritos-flavored-cocktails-gen-z-empirical-danish-distillery-noma/


Long-shot effort to generate the $5tn needed annually for energy-transition technologies looks to combine carbon credits with the private sector

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Even rich governments can't commit that kind of cash, and often struggle to get respective congresses and parliaments to even sign off on modest amounts.

https://fortune.com/2023/12/12/cop28-effort-generate-5tn-needed-annually-energy-transition-technologies-carbon-credits-private-sector/


‘Barbenheimer’ box office juggernaut leads Golden Globe nominations with 17 between the 2 films

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Greta Gerwig's “Barbie” dominated the Golden Globe Awards nominations with nine nods for the blockbuster film. It was closely followed by Christopher Nolan's “Oppenheimer,” which scored eight nominations.

https://fortune.com/2023/12/12/barbenheimer-barbie-oppenheimer-box-office-juggernaut-golden-globe-nominations/


Box CEO Aaron Levie’s top takeaway from OpenAI meltdown: ‘Don’t have weird corporate structures’

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Box CEO Aaron Levie highlights the 'tens of thousands of products' relying on OpenAI.

https://fortune.com/2023/12/11/box-ceo-aaron-levies-top-takeaway-from-openai-meltdown-dont-have-weird-corporate-structures/


Google loses app store antitrust case to Epic Games

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A federal court jury has decided that Google’s Android app store has been protected by anticompetitive barriers.

https://fortune.com/2023/12/11/google-antitrust-case-epic-games-jury-verdict-app-store-monopoly/


Transformers maker Hasbro slashes 1,100 jobs ahead of holiday season as its low sales streak proves ‘more persistent than planned’

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Cutting one-fifth of the workforce will save $100M but incur $134M in related costs, the company said in filings.

https://fortune.com/2023/12/11/hasbro-layoffs-1100-job-cuts-holiday-sales/


This state gets half its revenue from oil and gas money—and is trying to plan for a fossil fuel decline in just a few years

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Despite getting a record $13 billion from fossil fuel extraction this year, New Mexico is trying to plan for a future where drilling doesn't exist.

https://fortune.com/2023/12/11/oil-gas-taxes-climate-change-new-mexico-budget/


Bankrupt SmileDirectClub shuts down, says its ‘Lifetime Smile Guarantee’ is canceled — but Smile Pay users are expected to keep paying

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The company that once promised to revolutionize dental care went public in 2019 and has gone steadily downhill since.

https://fortune.com/2023/12/11/bankrupt-smiledirectclub-shutting-down/


Google VP Sissie Hsiao: the Gemini AI demo video ‘is completely real,’ though Google ‘did shorten parts for brevity’

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Speaking at Fortune's Brainstorm AI conference in San Francisco on Monday, Sissie Hsiao, Google's VP and General Manager of Google Assistant and Bard, discussed the strengths of the new Gemini large language model.

https://fortune.com/2023/12/11/google-vp-gemini-ai-demo-video-completely-real-brainstorm-ai/


Watch: Fortune Brainstorm AI Livestream

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Join C-suite execs, academics, and policymakers Dec. 11–12 as we assess the industry and examine new business cases for AI.

https://fortune.com/article/fortune-brainstorm-ai-livestream-2023/


Ed Yardeni says stocks are set to soar 30% over the next two years as his 'roaring 2020's scenario' plays out

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The veteran market watcher believes surging productivity and AI innovations will lift global stocks for the rest of the decade.

https://fortune.com/2023/12/11/stock-market-forecast-2024-ed-yardeni-roaring-2020s/


Media mogul Shari Redstone reportedly considering selling her stake in Paramount after fighting for years to keep control of the company

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Redstone reportedly considers selling to the movie studio that made ‘Top Gun: Maverick’ in a move that could kick off a selling spree among legacy media companies.

https://fortune.com/2023/12/11/shari-redstone-paramount-sale-skydance-media-redbird-tom-cruise/


2 Millennial teachers were punished for posting adult content on OnlyFans. Are they victims of employment discrimination?

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“We’re a gig economy now and millennials have more student debt than we know what to do with," one attorney said. "There’s all sorts of reasons why people would reach out for outside income like sex work, like OnlyFans.”

https://fortune.com/2023/12/11/teachers-onlyfans-fired-employment-discrimination-sex-work-gig-economy/


Traditional IRA vs. Roth IRA: choosing the right ingredients for your retirement recipe

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Traditional and Roth IRAs offer powerful tax breaks to supercharge your retirement savings.

https://fortune.com/recommends/investing/traditional-ira-vs-roth-ira/


How ex-Call Her Daddy co-host Sofia Franklyn ended up on the multi-millionaire track—and why she asks for her dates' bank account balance

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"I do think in a weird way I totally manifested where I am today."

https://fortune.com/2023/12/11/sofia-franklyn-podcast-host-career-rise-former-call-her-daddy/


Korean megaband BTS goes on hiatus at least until 2025 as singers RM and V begin mandatory military service

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Pop stars aren't exempt from South Korea's mandatory military service, a highly sensitive issue that has sparked debated in the country's hyper-competitive job market.

https://fortune.com/2023/12/11/bts-hiatus-military-service-rm-v/


Taxable brokerage accounts: the best investment option for control freaks

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Taxable brokerage accounts give you ultimate control of your investment portfolio.

https://fortune.com/recommends/investing/taxable-brokerage-accounts-the-most-versatile-investment-option/


Bitcoin sinks below $42,000 amid ‘a wave of profit-taking’ after reaching 20-month high

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Bitcoin hit a 20-month high last week thanks to positive sentiment around impending spot ETFs.

https://fortune.com/crypto/2023/12/11/bitcoin-retreats-42000-20-month-high-profit-taking-spot-etfs/