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Fortune
Fortune
November 23, 2024
Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor
Bessent, 62, is the founder of hedge fund Key Square Capital Management, after having worked on-and-off for Soros Fund Management since 1991...
Fortune
November 22, 2024
Trump team prepares to announce Scott Bessent as Treasury pick
Bessent, 62, served as a key economic adviser to Trump during the campaign, promoting his agenda and crafting policy speeches.
Fortune
November 22, 2024
You can now cheat on your spouse without breaking the law in New York— a century-old adultery ban was just repealed
No one really knew about it or enforced it anyway.
Fortune
November 22, 2024
Nvidia's stock surge means CEO's foundation must double giving
The Jen-Hsun & Lori Huang Foundation saw its assets, which mostly consist of Nvidia shares, more than triple to $3.4 billion at the end of 2...
Fortune
November 22, 2024
US debt sustainability now seen as top financial stability risk
"Concerns surrounding US fiscal debt sustainability were atop the list this survey, followed by escalating tensions in the Middle East and p...
Fortune
November 22, 2024
GOP candidate's message board mystery: CNN says he's 'black NAZI,' he's suing and says he was hacked
Robinson lost to Democratic Attorney General Josh Stein by nearly 15 points and will leave office at year-end.
Fortune
November 22, 2024
Arizona county treasurer admits to embezzling over $38 million in public funds to renovate luxurious ranch, buy 20 vehicles
She bought at least 20 vehicles, including an Airstream camper van.
Fortune
November 22, 2024
Yieldstreet seeks $75-$100 million in new funding as the investment platform weighs sale
Lovell Minnick Partners seeks investor for Fortis Payment Systems
Fortune
November 22, 2024
EVs and their 'innate feeling of luxury' will create a 'new type of premium,' says Kia's top designer
“EVs allow us to create...a very premium experience for people who may not have been able to afford it in the past."
Fortune
November 22, 2024
Swedish battery champion Northvolt facing financial meltdown as CEO resigns
Facing $5.8 billion in debt, Swedish battery maker Northvolt files for bankruptcy protection as CEO steps down amid restructuring.
Fortune
November 22, 2024
Who is Pam Bondi? Trump's new AG pick and former impeachment trial lawyer
Bondi has been a longtime and early ally. In March 2016, on the eve of the Republican primary in Florida, Bondi endorsed Trump at a rally, p...
Fortune
November 22, 2024
Kia and Hyundai recall over 200,000 electric vehicles at risk of losing power mid-drive
Also included are nearly 63,000 Kia EV 6 vehicles from 2022 through 2024.
Fortune
November 22, 2024
Amazon just threw another $4 billion at startup Anthropic, whose founder defected from OpenAI
This will bring Amazon’s total investment in Anthropic – which began last year - to $8 billion.
Fortune
November 22, 2024
Trump is thinking about former Fed governor Kevin Warsh to be his Treasury secretary—and to replace Jerome Powell
The two discussed the matter this week at Mar-a-Lago, according to the Wall Street Journal.
Fortune
November 22, 2024
Trump tariffs risk turning American businesses into corporate welfare recipients, warns Citadel's Ken Griffin
“I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony capitalism," the hedge fund billionaire told repo...
Fortune
November 22, 2024
Walmart is to Gen Z what Target was to millennials. Here's where ‘Tar-zhay’ lost its footing
Walmart has seen an 18% increase in online purchases for Gen Z shoppers this year.
Fortune
November 22, 2024
Trump Media explores crypto payment service to go along with Truth Social, filings show
Trump Media filed a trademark application for a cryptocurrency wallet called TruthFi.
Fortune
November 22, 2024
Here’s the formula companies like Netflix, Uber, and Spotify will use to capture $2T in growth over the next decade
In the age of AI, competitive advantage is increasingly determined by a company's ability to deliver personalized experiences at scale.
Fortune
November 22, 2024
Katy Perry vs Katie Perry: Singer triumphs in trademark fight against loungewear designer
"Both women put blood, sweat and tears into developing their businesses. One became an internationally famous entertainer in the music indus...
Fortune
November 22, 2024
CFOs have an essential role in innovation
Innovation requires resources. Chief financial officers have a large say in how the money is spent.
Fortune
November 22, 2024
I would have stumbled without these 4 qualities: How women can defy gravity in their careers
Women pursuing careers face unique disadvantages. Here’s how one former CEO achieved success despite them.
Fortune
November 22, 2024
For Dell, 3 factors explain why transparency is key to its sustainability efforts
At Dell, every business unit is part of the ESG conversation and strategy.
Fortune
November 22, 2024
First up for Elon Musk and Vivek Ramaswamy's DOGE? A podcast
"We want to bring the public along with us."
Fortune
November 22, 2024
Bosch gives employees unwanted 4-day week as German economy sputters
The €92 billion conglomerate Bosch is cutting hours and pay for hundreds of staff thanks to a "difficult economic situation."
Fortune
November 22, 2024
Blavity CEO Morgan DeBaun leads one of the largest Black tech conferences and creates a space for startup founders
DeBaun made the pivot from Silicon Valley a decade ago to focus on entrepreneurship.
Fortune
November 22, 2024
How hiring and retaining foreign-born workers will get harder under a second Trump presidency
Immigration attorneys expect a spike in visa denials, a chilling effect among potential workers, and a tougher hiring landscape.
Fortune
November 22, 2024
We met during the idyllic summer of 2021. Here's how we’re staying radically hopeful in the face of the anti-DEI backlash
'For Black people, hope isn’t just an optimistic outlook—it’s a survival mechanism,' write Aaron Long and Tynesha McHarris.
Fortune
November 22, 2024
Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will
Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary fo...
Fortune
November 22, 2024
How CFOs can avoid the 'innovator's dilemma'
During Fortune's Emerging CFO event, finance chiefs at Rivian and Embraer shared their perspectives.
Fortune
November 22, 2024
Donald Trump's second term could mean a wave of visa denials and a chilling effect on hiring immigrant talent
Experts certain jobs are more at risk, and hiring will get harder.
Fortune
November 22, 2024
Musk claims Jeff Bezos told people to sell Tesla stock
Bezos was quick to nix the rumor.
Fortune
November 22, 2024
America’s struggling budget airlines are pursuing premium passengers to solve their problems
United Airlines CEO Scott Kirby recently declared that low-cost carriers were using “a fundamentally flawed business model” and customers ha...
Fortune
November 22, 2024
Tomasz Tunguz on raising Theory Ventures' $450 million second fund
Tomasz Tunguz’s Theory Ventures recently raised its second fund at $450 million, Fortune has exclusively reported.
Fortune
November 22, 2024
Treasury Department may soon be able to strip tax-exempt status from nonprofits it claims support terrorism, worrying civil liberties groups
The proposal has drawn concern from nonprofits who say it could be used to target groups, including media, universities, and civil society g...
Fortune
November 22, 2024
Data Sheet: There is no spoon
Alphabet plunge, Anthropic vs. Andreessen, fintech IPOs, digital wallet rules, Pixel Tablet plans. Plus: Gary Gensler exits, OpenAI mulls br...
Fortune
November 22, 2024
Bosses: Workers have no clue what you're talking about when you use these acronyms
Acronyms to make the list include IRL and WFH—despite the latter dominating workplace conversations for well over four years.
Fortune
November 22, 2024
HarperCollins strikes AI training deal with unnamed company amid rising copyright tensions between publishers and AI firms
In the latest development, U.S. publishing giant HarperCollins reached a contract with an unnamed tech company allowing it to use some of it...
Fortune
November 22, 2024
Michael O'Leary blasts 1960s law as Spain fines Ryanair €108 million
O'Leary called the fine by Spain's consumer rights ministry "unlawful and baseless" after an appeal was rejected.
Fortune
November 22, 2024
Prime Minister Trudeau’s government plans to cut sales tax and send checks to millions of Canadians as election looms
Trudeau’s Liberals trail the opposition Conservatives 39% to 26% in the latest Nanos poll.
Fortune
November 22, 2024
A ‘potato cartel’ conspired to make your frozen fries 47% more expensive, lawsuits claim
The prices of frozen potato products—dominated by four companies—increased 47% in just two years, alleges one lawsuit.
Fortune
November 22, 2024
DOGE notwithstanding, here are the 2 options Trump has to tackle the $35T national debt
The 2025 deficit needs to be reduced by $750 billion to stabilize national debt—or twice what the federal government spends to pay all civil...
Fortune
November 22, 2024
The West Coast is being hit by one of the biggest storms in decades. Here’s what to know about it
“It’s not necessarily how much rain falls; it’s how fast the rain falls."
Fortune
November 22, 2024
American Airlines is rolling out new tech to stop gate crashers from boarding before their group
Airline industry analyst doesn't see American's recent move as “shaming” customers who cut the line.
Fortune
November 22, 2024
China's richest person wants the ByteDance founder to apologize for not stopping an online smear campaign
Zhong Shanshan, chairman of Nongfu Spring, is blaming two of China's Big Tech companies for troubles at his bottled water company.
Fortune
November 22, 2024
Why an 'executive gap year' can be a power move
Company leaders can be reluctant to take time off, but some say doing so was "pivotal" for their careers.
Fortune
November 22, 2024
From tax haven to tariff turbulence: Ireland braces for Trump's trade war as elections approach
The return of Trump could prompt U.S. tech giants such as Apple, Google, and Meta to leave Dublin and relocate back home.
Fortune
November 22, 2024
With RFK Jr. in the wings, dozens of American towns are debating the removal of cavity-preventing fluoride from drinking water
The decision to add fluoride to drinking water rests with state and local officials, and fights are cropping up nationwide.
Fortune
November 22, 2024
LVMH scion lays out plan to bring Paris football club to the top
The glamor of Arnault’s takeover comes at a much-needed time for French football, which is struggling with poor finances.
Fortune
November 22, 2024
Mexico acknowledges Canada's worries about reports of a Chinese auto plant being built in Mexico, but says none actually exists
President Claudia Sheinbaum said she talked recently to Canadian Prime Minister Justin Trudeau and that he assured her he did not support ex...
Fortune
November 22, 2024