Trinny Woodall built a $72 million-a-year beauty empire in her 50’s—here’s how she spends her new income https://fortune.com/img-assets/wp-content/uploads/2024/10/The-Good-Life-Trinny-Woodall-Trinny-London.jpg?w=2048 The TV star-turned-entrepreneur commutes to work in a black cab, walks her dogs in Hyde Park and doesn’t have a work wardrobe. https://fortune.com/europe/2024/10/22/trinny-woodall-beauty-empire-in-her-50-london-new-income/
French government ‘must block the sale’ of Sanofi’s Doliprane painkiller to U.S. private equity, critics argue https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2178385248-e1729519105791.jpg?w=2048 France's Prime Minister Michel Barnier secured a 2% stake in the deal for public investment bank Bpifrance, along with "extremely strong" guarantees against job cuts and offshoring. https://fortune.com/europe/2024/10/22/french-government-must-block-the-sale-of-sanofis-doliprane-painkiller-to-us-private-equity-critics-argue/
Scandal over ex-lover cuts billionaire WiseTech CEO’s wealth https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2068303615-e1729570426273.jpg?w=2048 Richard White is facing what’s likely his biggest risk since founding his shipping software company in 1994. https://fortune.com/asia/2024/10/22/scandal-over-ex-lover-cuts-billionaire-wisetech-ceo-richard-white-wealth/
Luminance debuts AI assistant for lawyers that’s aimed at doing some of the legal grunt work https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2065802946-e1729554222115.jpg?w=2048 Luminance CEO Eleanor Lightbody says the company is leveling up from "passive" to "proactive" AI agents. https://fortune.com/2024/10/22/luminance-ai-assistant-lawyers-legal/
The college student who tracks private jets of Mark Zuckerberg, Elon Musk, and Taylor Swift says his Meta Threads accounts were suspended https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2035476734-e1729558228429.jpg?w=2048 Jack Sweeney said all the Meta jet tracking accounts were suspended in recent days, save for two: one following the jet used by former president Donald Trump and one following the jet used by Florida Governor Ron DeSantis. https://fortune.com/2024/10/21/jack-sweeney-celebrity-jet-tracker-meta-threads-accounts-suspended-mark-zuckerberg-elon-musk-taylor-switft/
Poshmark cofounder says traditional fundraising ‘sucked’: Here’s how she got investors on board https://fortune.com/img-assets/wp-content/uploads/2024/10/54067279891_b32394fc36_o-e1729010550550.jpg?w=2048 Tracy Sun said investors didn’t connect to the company mission, so she showed them the impact on women. https://fortune.com/2024/10/15/poshmark-cofounder-fundraising-sucked-getting-investors/
The college kid who tracks private jets of Mark Zuckerberg, Elon Musk, and Taylor Swift says his Meta Threads accounts were suspended https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2035476734-e1729558228429.jpg?w=2048 Jack Sweeney said all the Meta jet tracking accounts were suspended in recent days, save for two: one following the jet used by former president Donald Trump and one following the jet used by Florida Governor Ron DeSantis. https://fortune.com/2024/10/21/jack-sweeney-celebrity-jet-tracker-meta-threads-accounts-suspended-mark-zuckerberg-elon-musk-taylor-switft/
Musk used ‘Blade Runner’ imagery at Tesla event despite being denied permission, lawsuit claims https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1183851342-e1729555993313.jpg?w=2048 Elon Musk's love of sci-fi has turned against him. Or at least it has turned into a copyright issue. https://fortune.com/2024/10/21/elon-musk-blade-runner-tesla-event-denied-permission-lawsuit/
Jeff Bezos says companies need ‘a culture that supports truth-telling.’ Here’s how he built one at Amazon https://fortune.com/img-assets/wp-content/uploads/2023/12/GettyImages-1419439469-e1702836252167.jpg?w=2048 "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/
The latest business buzzword? ‘Decarbonization’ https://fortune.com/img-assets/wp-content/uploads/2024/07/GettyImages-1333330920-e1722282606650.jpg?w=2048 A renewables panel at Fortune's Brainstorm E conference talks about how things are changing. https://fortune.com/2015/09/29/utilities-edison-google-decarbonization/
Trump tax plan would see Social Security benefits cut by 1/3, watchdog says https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2178820534-e1729547699155.jpg?w=2048 The Committee for a Responsible Federal Budget said Trump's plans would eventually slash payments to retirees by one-third. https://fortune.com/2024/10/21/trump-tax-plan-would-see-social-security-benefits-cut-by-1-3-watchdog-says/
Sand Castle mansion lists for $108 million in San Diego record https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-806494956-e1729547785890.jpg?w=2048 The Sand Castle has 10 bedrooms, 14 full bathrooms and three half baths, with custom details such as French-imported fireplaces, crystal chandeliers, and an indoor mahogany bar. https://fortune.com/2024/10/21/luxury-real-estate-sand-castle-mansion-list-price-108-million-san-diego-la-jolla/
$2 trillion Norway oil fund CEO Nicolai Tangen says AI stock boom has created a concentration risk ‘we have never seen before’ https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1730133009-e1729503069285.jpg?w=2048 Nicolai Tangen’s $2 trillion oil fund holds billions in AI companies, but he thinks they’re emerging as a key risk area. https://fortune.com/europe/2024/10/21/2-trillion-norway-oil-fund-ceo-nicolai-tangen-ai-stock-boom-risk/
Recent hurricanes are distorting the U.S. economy’s underlying trend https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2177014873-e1729520945638.jpg?w=2048 Goldman Sachs said property damage from hurricanes Helene and Milton could cost a combined $90 billion. https://fortune.com/2024/10/21/hurricane-helene-milton-economic-impact-jobs-unemployment-gdp-growth-inflation/
Wall Street’s rally cools as investors brace for big earnings week https://fortune.com/img-assets/wp-content/uploads/2024/10/Screen-Shot-2024-10-21-at-1.17.24-PM.png?w=2048 China’s mainland shares posted modest gains as a lending rate cut juiced real estate stocks, but investors awaited more details on government stimulus. https://fortune.com/2024/10/21/date-stock-market-today-dow-sp500-nasdaq-6/
People kept dying at a popular NYC tourist spot. So it just reopened with new safety measures https://fortune.com/img-assets/wp-content/uploads/2024/10/AP24295674432492-e1729544766534.jpg?w=2048 It closed after three people died jumping from the structure, and reopened with security guards and an unusual rule: nobody could visit it alone. https://fortune.com/2024/10/21/nyc-vessel-reopen-safety-measures-tourist-deaths/
Diddy team seeks gag order for witnesses and lawyers: They’re ‘assassinating Mr. Combs’ character’ https://fortune.com/img-assets/wp-content/uploads/2024/10/AP24295651459866-e1729539653723.jpg?w=2048 Combs has remained incarcerated pending a May 5 trial after two judges denied bail in rulings being appealed to the 2nd U.S. Circuit Court of Appeals. https://fortune.com/2024/10/21/sean-diddy-combs-gag-order-sexual-assault-trial-lawsuit/
Recent hurricanes are distorting the U.S. economy’s underlying trend https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2177014873-e1729520945638.jpg?w=2048 Goldman Sachs said property damage from hurricanes Helene and Milton could be a combined $90 billion. https://fortune.com/2024/10/21/hurricane-helene-milton-economic-impact-jobs-unemployment-gdp-growth-inflation/
An isolated island nation is a tax haven for the ultrarich to hide their money https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1179728687-e1729200257968.jpg?w=2048 The Cook Islands trust is referred to as the gold standard in asset protection. https://fortune.com/2024/10/21/the-ultra-rich-hide-their-money-in-this-south-pacific-nation-heres-how-they-do-it/
How the CEO of a major aerospace company totally rewrote his playbook after a $4.2 billion deal with Boeing fell through: ‘It was a baptism by fire’ https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1622300382.jpg?w=2048 The Brazilian plane manufacturer is enjoying a "harvest season" after a lot of turbulence. https://fortune.com/2024/10/21/ceo-embraer-aerospace-company-rewrote-strategy-boeing-joint-venture-loss-francisco-gomes-neto/
A wave of climate-change anxiety has spread amongst Gen Z. Here are the U.S. states where they’re most and least distressed https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1526218412-e1729529826169.jpg?w=2048 Young adults want the government to act on curbing climate change. https://fortune.com/2024/10/21/gen-z-climate-change-anxiety-states-future/
The S&P 500’s decade of eye-popping returns is over, and a new era of low returns is on the horizon, Goldman analysts say https://fortune.com/img-assets/wp-content/uploads/2024/10/feat_Sp500_GS_prediction_102124.png?w=2048 The stock market boasted a 13% annualized total return during the past decade. https://fortune.com/2024/10/21/sp500-stocks-indexes-equities-goldman-sachs-prediction/
Putin turns to North Korean troops as Russia’s economy heads for a ‘meltdown’ https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2157787216-e1729448042511.jpg?w=2048 “As the Russian economy tanks, immiseration and social discontent grow, and money dries up, Putin will run out of resources to fuel his war machine.” https://fortune.com/2024/10/20/north-korean-troops-ukraine-war-russia-economy-meltdown-vladimir-putin/
Traditional leadership development for managers isn’t working anymore—here’s what CHROs should do instead https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1785808259-e1719438147590.jpg?w=2048 It’s time to ditch the lectures and seminars. https://fortune.com/2024/10/21/traditional-leadership-development-managers-not-working-managers-hr-alternatives/
If you thought you could afford a home in Midwest and Sunbelt cities, you’re wrong https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1219121327-e1729531742438.jpg?w=2048 An analysis of Census data confirmed that the housing crisis is spreading inland from the coasts. https://fortune.com/2024/10/21/housing-crisis-midwest-sunbelt-cities-unaffordable-home-prices-income/
Ketanji Brown Jackson says her historic rise to the Supreme Court is thanks to the timing of her birth https://fortune.com/img-assets/wp-content/uploads/2024/10/54070471470_da71ee9982_o-e1729035172546.jpg?w=2048 “I think that it really was the timing of my birth that had a lot to do with my ability to get to where I am today,” Jackson said at the Fortune Most Powerful Women summit. https://fortune.com/2024/10/15/ketanji-brown-jackson-historic-rise-supreme-timing/
There’s a new power player at CVS after Karen Lynch’s dismissal—but he’s not CEO https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1244429062-e1729348066345.jpg?w=2048 Roger Farah, who worked behind the scenes to right Ralph Lauren and Tory Burch, will become executive chairman at CVS. https://fortune.com/2024/10/19/cvs-karen-lynch-david-joyner-ceo-stock-who-is-roger-farah/
What went wrong at CVS? Departing CEO Karen Lynch’s reign started brilliantly, then unraveled fast https://fortune.com/img-assets/wp-content/uploads/2024/10/Karen-Lynch_What-went-wrong-at-CVS_20230510_JCHOU_FORTUNE_KLYNCH_563-v3B.jpg?w=2048 A trifecta of problems, some that started before she took the top job, ended the reign of one of the most powerful women in American business. https://fortune.com/2024/10/19/what-went-wrong-at-cvs-karen-lynch-ceo-stock-price/
Gold soars to record high on Middle East jitters, U.S. election https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2179215225-e1729525606218.jpg?w=2048 Up roughly 30% in the past year, the metal has attracted a growing chorus of experts who believe its rise will continue long-term. https://fortune.com/2024/10/21/gold-soars-to-record-high-on-middle-east-jitters-u-s-election/
Biden-Harris have a track record of real success in bringing manufacturing back to America. Trump’s all-sticks-no-carrots approach already failed https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2175331195-e1729528194288.jpg?w=2048 Trump and Harris share the same economic goal of boosting U.S. manufacturing—but their approaches produce vastly divergent results. https://fortune.com/2024/10/21/biden-harris-track-record-real-success-manufacturing-america-trump-economy-politics/
Con artist who used fake Coinbase sites to steal $20 million sentenced to prison https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2139239356-e1729523999256.jpg?w=2048 Chirag Tomar used the stolen crypto to purchase Lamborghinis, expensive watches, and vacations to Dubai. https://fortune.com/crypto/2024/10/21/con-artist-who-used-fake-coinbase-sites-to-steal-20-million-sentenced-to-prison/
Millennials ‘scarred from the Great Recession and COVID’ are financially outperforming Gen Xers and boomers at the same age https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1186337984-e1729506589112.jpg?w=2048 A new study from LendingTree found millennials have a higher net worth than Gen X and baby boomers at similar ages. https://fortune.com/2024/10/21/millennials-outperforming-baby-boomers-gen-x-assets-earnings/
New Zealand airport puts time limits on hugs https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1421734078-e1729519338800.jpg?w=2048 “For fonder farewells please use the car park.” https://fortune.com/2024/10/21/new-zealand-airport-hug-time-limit-dunedin/
Girl Scouts membership prices will spike by 160% over the next two years https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2148294792-e1729519228648.jpg?w=2048 Move comes months after cookie prices went up. https://fortune.com/2024/10/21/girl-scouts-membership-price-increase/
Elon Musk’s $1 million petition giveaway can be sabotaged by Kamala Harris supporters, says Silicon Valley billionaire https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2179030530_722527-e1729511812182.jpg?w=2048 Signing petition could muddy up Musk’s database, draining valuable resources and diluting its ability to micro-target voters. https://fortune.com/2024/10/21/elon-musk-donald-trump-kamala-harris-america-pac-election-vinod-khosla-silicon-valley/
People with certain disabilities are eligible for Medicare under age 65. Here’s who qualifies https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1353305006-e1729453755979.jpg?w=2048 Medicare coverage for people under 65 with disabilities is tied to Social Security Disability Insurance (SSDI) benefits. https://fortune.com/well/article/what-disabilities-qualify-for-medicare-under-65/
Parenting expert Dr. Becky warns the potential cost of not setting screen-time boundaries for your kids ‘has never been higher’ https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1340344798-e1728935603516.jpg?w=2048 “If you can’t say no to a cupcake, you’re not going to be able to say no to TikTok,” says psychologist Becky Kennedy, a.k.a. Dr. Becky. https://fortune.com/well/article/dr-becky-potential-cost-of-not-setting-screen-time-boundaries-for-kids-has-never-been-higher/
Exclusive: Gili Raanan’s Cyberstarts raises $60 million for fourth seed fund https://fortune.com/img-assets/wp-content/uploads/2024/10/2c548b82-8cdd-4194-9682-3b8776817321_cfcab7.jpeg?w=2048 Cyberstarts has now raised $60 million for its fourth seed fund, Fortune has exclusively learned. https://fortune.com/2024/10/21/exclusive-gili-raanans-cyberstarts-raises-60-million-for-fourth-seed-fund/
With CVS’s ouster of CEO Karen Lynch, GM is now the largest Fortune 500 business led by a female CEO https://fortune.com/img-assets/wp-content/uploads/2024/06/53247393371_aa08f458f4_6k-e1719301843605.jpg?w=2048 CVS CEO Karen Lynch lost her job in a surprise ouster on Friday. https://fortune.com/2024/10/21/cvs-ouster-ceo-karen-lynch-gm-now-the-largest-fortune-500-business-led-by-female-ceo/
Traditional leadership development for managers isn’t working anymore—Here’s what CHROs should do instead https://fortune.com/img-assets/wp-content/uploads/2024/06/GettyImages-1785808259-e1719438147590.jpg?w=2048 It’s time to ditch the lectures and seminars. https://fortune.com/2024/10/21/traditional-leadership-development-managers-not-working-managers-hr-alternatives/
Biden announces plans for free birth control without a prescription https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2179174751-e1729512222828.jpg?w=2048 The current U.S. health care law requires most insurance plans to cover contraception at no cost, but allows them to require a prescription. https://fortune.com/2024/10/21/biden-plans-free-birth-control-without-prescription/
CVS needs ‘realistic targets’ it can exceed says analyst after CEO dismissal https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2051637710-e1729510459821.jpg?w=2048 The company's approach to guidance this year led to continual cutting of goals. https://fortune.com/2024/10/21/cvs-realistic-targets-analyst-karen-lynch-dismissed-ceo-cfo/
Cubans incensed about ‘a country in ruins’ on third day of countrywide blackout https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2178575972-e1729509554990.jpg?w=2048 The power grid failed in a chain reaction Friday due to the unexpected shutdown of the biggest of the island's eight decrepit coal-fired power plants. https://fortune.com/2024/10/21/cuba-incensed-country-in-ruins-third-countrywide-blackout/
CEO of Amazon-owned Ring says ignoring fear got her to corner office: ‘Successful people just drown out all the noise’ https://fortune.com/img-assets/wp-content/uploads/2023/12/AP23354556678340-e1703150346251.jpg?w=2048 The CEO of Amazon-owned home security device Ring discusses what got her to the C-suite and her leadership philosophy. https://fortune.com/2024/10/21/amazon-ring-ceo-founder-leadership-lessons/
NHTSA investigating Tesla full self-driving https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2179028463-e1729506079508.jpg?w=2048 Tesla’s FSD has been installed in some 2.4 million vehicles. https://fortune.com/2024/10/21/nhtsa-investigating-tesla-full-self-driving/
Harris gets help from Stevie Wonder as she urges Black churchgoers in Georgia to head out to vote https://fortune.com/img-assets/wp-content/uploads/2024/10/AP24294707208058-e1729504963801.jpg?w=2048 Harris visited two Atlanta area churches as part of a nationwide push known as “souls to the polls." https://fortune.com/2024/10/21/harris-help-stevie-wonder-urges-black-churchgoers-georgia-vote/
Arnold Palmer’s daughter calls Donald Trump’s references to her father ‘a poor choice of approaches’ https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-78219901-e1729504279653.jpg?w=2048 One of the late golf legend Arnold Palmer's daughters calls Trump's references to her father's genitalia “a poor choice of approaches" to honoring his memory. https://fortune.com/2024/10/21/arnold-palmer-daughter-donald-trump-reference/
$2 trillion Norway oil fund CEO Nicolai Tangen says AI stock boom has created a concentration risk ‘we have never seen before’ https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1730133009-e1729503069285.jpg?w=2048 Nicolai Tangen's $2 trillion oil fund holds billions in AI companies, but he thinks they're emerging as a key risk area. https://fortune.com/europe/2024/10/21/2-trillion-norway-oil-fund-ceo-nicolai-tangen-ai-stock-boom-risk/
Election immigration fight could upend Nevada’s economy from the desert to the Strip https://fortune.com/img-assets/wp-content/uploads/2024/10/AP24274812137561-e1729502268330.jpg?w=2048 Nowhere are the complicated economic and social realities behind the searing-hot political divide on immigration more clear than in Nevada. https://fortune.com/2024/10/21/election-immigration-fight-upend-nevada-economy-desert-strip/
Most Americans think the economy is bad but they’re split on whether Trump or Harris can fix it https://fortune.com/img-assets/wp-content/uploads/2024/10/AP24281826522013-e1729501130346.jpg?w=2048 About half of voters have a very or somewhat favorable opinion of Harris, while 46% see her unfavorably. Meanwhile, about 4 in 10 voters have a positive view of Trump and about 6 in 10 have an unfavorable view. https://fortune.com/2024/10/21/most-americans-think-economy-bad-split-on-whether-trump-harris-can-fix/
China mainland shares rise on rate cut as U.S. markets await big earnings week https://fortune.com/img-assets/wp-content/uploads/2024/10/Screenshot-2024-10-21-at-10.49.58 AM.png?w=2048 China's mainland shares posted modest gains as a central bank lending rate cut boosted real estate stocks, but investors awaited more details on government stimulus. https://fortune.com/2024/10/21/premarket-stock-futures-dow-sp500-nasdaq-19/
7 in 10 office workers say they have a ‘work wife’ or ‘work husband’—here’s why experts warn they probably shouldn’t https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-107859511-e1729172742313.jpg?w=2048 While the quirky phrase might be shorthand between pals, it's a red flag for everyone else. https://fortune.com/2024/10/19/office-work-wives-husbands-phrase-career-friendships/
Robinhood is bringing its risky leveraged trading product that made Redditors millionaires—and left others broke—to the U.K. https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2089837376-e1729247506120.jpg?w=2048 Redditors' favorite trading platform is allowing U.K. customers to trade on leverage, but risks abound. https://fortune.com/europe/2024/10/21/robinhood-bringing-risky-leveraged-trading-to-the-uk/
Investors pour into photonics startups to stop data centers from hogging energy and to speed up AI https://fortune.com/img-assets/wp-content/uploads/2024/10/oriole_founders_high_res-e1729167991408.jpeg?w=2048 U.K. startup Oriole Networks secures a $22 million Series A investment for its radical vision of a fully photonic data center. https://fortune.com/2024/10/21/oriole-networks-series-a-22-milliion-photonics-startups-ai-data-center-energy-demands/
Southwest looks for truce with Elliott after major policy tweaks https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2173844298-e1729435423673.jpg?w=2048 Elliott Investment Management has proposed a framework that would give it representation on Southwest’s board but not control. https://fortune.com/2024/10/20/southwest-airlines-board-seats-activist-elliott-investment-management-talks/
Striking Boeing workers make earnings day a cliffhanger for CEO https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2171702383-e1729461185836.jpg?w=2048 The outcome of Wednesday's contract vote won’t be known until hours after Boeing's earnings, which come out in the morning. https://fortune.com/2024/10/20/boeing-stroke-workers-contract-vote-quarterly-earnings-report/
Is Elon Musk’s $1 million election-season giveaway even legal? https://fortune.com/img-assets/wp-content/uploads/2024/10/AP24294061070609-e1729459570828.jpg?w=2048 “The problem is that the only people eligible to participate in this giveaway are the people who are registered to vote. And that makes it illegal.” https://fortune.com/2024/10/20/is-elon-musk-1-million-election-giveaway-illegal-donald-trump-voter-registration-pac/
Israel says it will attack Hezbollah’s financial arm ‘all over Lebanon’ https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2178594152-e1729458542708.jpg?w=2048 Al-Qard al-Hassan is a Hezbollah unit that's used to pay operatives of the Iran-backed militant group and help buy arms. https://fortune.com/2024/10/20/israel-war-hezbollah-financial-arm-al-qard-al-hassan-lebanon-iran/
Should you buy Nvidia stock now? It may be a once-in-a-generation opportunity https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2174942495-e1729452889872.jpg?w=2048 Bank of America reiterated a buy rating on Nvidia stock and raised its price target to $190, implying its market cap could explode to $4.7 trillion. https://fortune.com/2024/10/20/should-i-buy-nvidia-stock-now-nvda-ai-once-in-a-generation-opportunity/
Putin turns to North Korean troops as Russia’s economy heads for a ‘meltdown’ https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2157787216-e1729448042511.jpg?w=2048 "As the Russian economy tanks, immiseration and social discontent grow, and money dries up, Putin will run out of resources to fuel his war machine." https://fortune.com/2024/10/20/north-korean-troops-ukraine-war-russia-economy-meltdown-vladimir-putin/
Inflation hasn’t been defeated yet because the housing crisis could bring it back https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1434444157-e1729441723718.jpg?w=2048 "One area where inflation could resurge is housing inflation in an environment where the fundamental mismatch of supply and demand remains a major challenge for the housing market." https://fortune.com/2024/10/20/housing-market-crisis-inflation-consumer-prices-federal-reserve-rate-cuts/
Musk’s pro-Trump PAC plans $1 million handouts in swing states https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2179030530_da034a-e1729438297931.jpg?w=2048 The pro-Donald Trump group, called America PAC, will pick a random registered voter in swing states to win the prize through Nov. 5, Musk said in a post on X. https://fortune.com/2024/10/20/elon-musk-donald-trump-america-pac-1-million-prize-swing-states/
Ukraine claims attack on weapons factory deep in Russian territory https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2178138302-e1729436937385.jpg?w=2048 A source in the SBU security services told AFP its drones had struck the Sverdlov explosives factory in Dzerzhinsk, just outside the Russian city of Nizhny Novgorod. https://fortune.com/2024/10/20/ukraine-war-drone-attack-weapons-factory-russian-territory/
Trump speech turns bizarre with praise for Arnold Palmer’s anatomy and profanity for Harris https://fortune.com/img-assets/wp-content/uploads/2024/10/AP24293832138292-e1729436221844.jpg?w=2048 “When he took the showers with other pros, they came out of there. They said, ‘Oh my God. That's unbelievable.'” https://fortune.com/2024/10/20/donald-trump-speech-arnold-palmer-anatomy-profanity-kamala-harris/
Southwest, activist Elliott to begin settlement discussions https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2173844298-e1729435423673.jpg?w=2048 Elliott Investment Management has proposed a framework that would give it representation on Southwest’s board but not control. https://fortune.com/2024/10/20/southwest-airlines-board-seats-activist-elliott-investment-management-talks/
How the Communist Party quietly took over SVB’s China operation, according to a former CEO https://fortune.com/img-assets/wp-content/uploads/2024/09/GettyImages-90300151-e1726077114412.jpg?w=2048 "It was like they were having an affair with my wife, and they were giving me a reward for having picked her in the first place,” Ken Wilcox told Fortune. https://fortune.com/2024/10/20/how-the-communist-party-quietly-took-over-svbs-china-operation-according-to-a-former-ceo/
How to watch the Week Seven of the 2024-2025 NFL season live online for free—and without cable https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2044131315-e1729259945256.jpg?w=2048 A Super Bowl rematch is on the card this week. https://fortune.com/2024/10/20/watch-stream-nfl-football-games-live-online-free-without-cable-2024-week-7-what-channel-fox-cbs-abc-nbc-espn/
A Barcelona restaurant-NGO hybrid could offer a solution to the city’s over-tourism problem https://fortune.com/img-assets/wp-content/uploads/2024/10/6-Cooking-in-Guatemala-with-a-local-family.-CREDIT-GLOBAL-HUMANITARIA-e1729262022976.jpg?w=2048 Global Humanitaria's restaurant is revered by tourists, who leave with more than a full stomach. https://fortune.com/europe/2024/10/20/barcelona-restaurant-ngo-solution-tourism/
The world’s $100 trillion fiscal timebomb keeps ticking https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-899096598-e1729377448660.jpg?w=2048 The IMF’s Fiscal Monitor on Wednesday will feature a warning that public debt levels are set to reach $100 trillion this year, driven by China and the US. https://fortune.com/2024/10/19/debt-crisis-100-trillion-fiscal-timebomb-imf-us-china-borrowing/
US government offers $10 million reward for tips on Russian firm interfering in election https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1706985510-e1729374765332.jpg?w=2048 "Rybar relies on the connections and funding from Rostec to bolster Russia’s military capabilities and advance pro-Russian and anti-Western narratives." https://fortune.com/2024/10/19/us-government-10-million-reward-russian-election-interference-rybar/
Mail carriers reach deal with USPS for pay raises and air-conditioned trucks https://fortune.com/img-assets/wp-content/uploads/2024/10/AP24293551145215-e1729373835748.jpg?w=2048 All city carriers will get three annual pay increases of 1.3% each by 2025, some of which will be paid retroactively from November 2023. https://fortune.com/2024/10/19/mail-carriers-union-contract-us-postal-service-pay-raises-air-conditioned-trucks/
Benjamin Netanyahu says drone that targeted his house was an assassination attempt https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2174917738-e1729372684260.jpg?w=2048 Netanyahu’s office said the drone targeted his house in the Mediterranean coastal town of Caesarea. Neither he nor his wife was there. It wasn't clear if the house was hit. https://fortune.com/2024/10/19/benjamin-netanyahu-home-drone-assassination-attempt-israel-hezbollah-iran/
Who will win the presidential election? The Trump trade offers a clue https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2173424524-e1729366738653.jpg?w=2048 Based on 538's latest analysis of presidential polls, Trump now has the barest advantage in the race, with a 52-in-100 chance to win. https://fortune.com/2024/10/19/who-will-win-the-presidential-election-poll-trump-media-stock-bitcoin-dollar/
Boeing proposes 35% wage hike in new bid to end lengthy strike https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-521905328-e1729350929517.jpg?w=2048 The proposal includes a wage increase of 35% spread over four years, a reinstated incentive plan and an increase to company 401(k) matching, the union said. https://fortune.com/2024/10/19/boeing-strike-union-deal-35-percent-wage-increase-401k-matching/
The relentless stock market rally could pull off another shocker https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-521849438-e1729353624620.jpg?w=2048 The stock market shocked Wall Street last year with a massive gain, and it could top that this year with an even bigger surge. https://fortune.com/2024/10/19/stock-market-outlook-sp500-6000-year-end-targets-economy-fed-rate-cuts/
Union in Boeing strike presents resolution proposal to members https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-521905328-e1729350929517.jpg?w=2048 The proposal includes a wage increase of 35% spread over four years, a reinstated incentive plan and an increase to company 401(k) matching, the union said. https://fortune.com/2024/10/19/boeing-strike-union-deal-35-percent-wage-increase-401k-matching/
Berkshire Hathaway lifts stake in Sirius XM after Malone deal https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-849879990-e1729349953120.jpg?w=2048 Warren Buffett's Berkshire Hathaway now has a stake of about 32.5% in Sirius XM’s publicly traded stock, having become the top holder last month. https://fortune.com/2024/10/19/warren-buffett-stocks-berkshire-hathaway-sirius-shares-john-malone/
Trump’s favorite word is a big talking point for European CEOs https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2178454700-e1729349222444.jpg?w=2048 Mentions of "tariff" on earnings conference calls so far this period have soared in Europe, outpacing instances on US calls by a ratio of 5 to 2 in October. https://fortune.com/2024/10/19/trump-tariffs-european-ceo-earnings-conference-calls-kamala-harris-us-election/
Amazon employees gripe about their work culture on social media https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1129882595-e1729348042677.jpg?w=2048 “Instead of the exciting, fast-paced environment I remember, I experienced a place bogged down in pointless meetings and middling middle managers.” https://fortune.com/2024/10/19/amazon-employees-complaints-work-culture-return-to-office-mandate-andy-jassy/
Gen Z teens feel crushing pressure to achieve. 6 ways parents can fight it, not fuel it https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1183395875-e1729261799409.jpg?w=2048 “Achievement is not the problem,” says one expert. “It’s the way that we’ve come to talk about achievement.” https://fortune.com/well/article/teens-pressure-high-achievers-how-parent-can-help/
The lucky few Gen Z and millennials who broke into the housing market feel trapped in their starter homes, report says https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1135116306-e1729266901636.jpg?w=2048 Americans feel stuck in their first homes, tied down by high interest rates. https://fortune.com/2024/10/19/gen-z-millennials-housing-unaffordable-starter-home/
Italy’s winemakers face yet another threat to their future https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2176938323-e1729154816678.jpg?w=2048 Italy’s winemakers face climate challenges, shifting tastes, and rising debt, threatening the future of this iconic industry. https://fortune.com/europe/2024/10/19/italy-winemakers-face-threat-future/
Google DeepMind director calls for clarity and consistency in AI regulations https://fortune.com/img-assets/wp-content/uploads/2024/10/54071733678_99408d4894_o-e1729284441923.jpg?w=2048 AI leaders tackled the much discussed California bill that would have required developers of large-scale AI models to meet safety requirements. https://fortune.com/2024/10/18/google-deepmind-director-calls-for-ai-regulation/
Microsoft and OpenAI are haggling over the tech giant’s stake in the startup https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2153474303-e1729266631178.jpg?w=2048 The two companies each hired a major investment bank to negotiate how big Microsoft’s share in OpenAI will be after its $14 billion investment. https://fortune.com/2024/10/18/microsoft-openai-equity-stake-nonprofit-for-profit-reorganization-sam-altman/
Who’s funding the 2024 Race? Meet the billionaires behind Trump and Harris https://fortune.com/img-assets/wp-content/uploads/2024/09/billionaires_2024_election.jpg?w=2048 There are billionaires on both sides of the aisle this November. Here’s where they fall: https://fortune.com/2024/09/22/trump-harris-us-presidential-election-political-billionaire-endorsement/
Montana GOP Senate candidate accused of passing off accidental self-inflicted gunshot as war injury https://fortune.com/img-assets/wp-content/uploads/2024/10/AP24292820568419-e1729295018983.jpg?w=2048 Sheehy was awarded a Purple Heart for wounds sustained in a separate combat incident and was also awarded a Bronze Star. https://fortune.com/2024/10/18/montana-gop-senate-candidate-gunshot-tim-sheehy-war-wound/
Exclusive: Waymo engineering exec discusses self-driving AI models that will power the cars into new cities https://fortune.com/img-assets/wp-content/uploads/2024/10/IMG_0573-e1729178270444.jpeg?w=2048 Can the company trying to build “the world’s most trusted driver,” encourage new riders to lean back and enjoy the ride? https://fortune.com/2024/10/18/waymo-self-driving-car-ai-foundation-models-expansion-new-cities/
Jerome Powell has accidentally jammed the property market—especially for the ultrarich https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2172039711-e1729261497241.jpg?w=2048 High-end property buyers often have their assets locked in interest-sensitive classes, stalling the luxury property sector. https://fortune.com/2024/10/18/housing-market-jerome-powell-fed-mortgage-rates/
TSMC says it will take ‘prompt action to ensure compliance’ after reported U.S. probe into possible work with Huawei https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2150651000-e1729236719895.jpg?w=2048 The U.S. is reportedly probing whether TSMC is making AI or smartphone chips with Huawei, currently barred from accessing chips made with U.S. technology. https://fortune.com/asia/2024/10/18/tsmc-responds-report-us-probing-work-with-huawei-china-ai-smartphone-chips/
Gold tops $2,700 for first time to extend record-breaking run https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1498750627-e1729289816409.jpg?w=2048 Bullion is one of 2024’s strongest performing commodities, with gains of more than 30% so far this year. https://fortune.com/2024/10/18/gold-price-2700-first-time-record-rally-mideast-us-election/
Amazon boss has a brutal response to staffers who don’t like 5-day RTO mandate: Leave https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-1248364735-e1729246012557.jpg?w=2048 Amazon CEO Andy Jassy has told staff to be in the office five days a week, with AWS CEO Matt Garman saying staff should leave if they don’t like it. https://fortune.com/2024/10/18/amazon-matt-garman-return-to-office-mandate/
Record-breaking rally pushes Wall Street to longest winning streak of the year https://fortune.com/img-assets/wp-content/uploads/2024/10/Screenshot-2024-10-18-at-1.32.26-PM.png?w=2048 US markets continue to flirt with record highs. https://fortune.com/2024/10/18/stock-market-today-dow-sp500-nasdaq-7/
Dogecoin soars 15% as Elon Musk replies ‘D.O.G.E’ to question about proposed Department of Government Efficiency https://fortune.com/img-assets/wp-content/uploads/2024/10/GettyImages-2179031066-e1729283745527.jpg?w=2048 The tech billionaire made his latest plug for Dogecoin at a Trump politcal rally. https://fortune.com/crypto/2024/10/18/dogecoin-soars-15-as-elon-musk-replies-d-o-g-e-to-question-about-proposed-department-of-government-efficiency/
Notes by Fortune | export