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Fortune
Fortune
November 19, 2024
Exclusive: Manufacturing startup Keychain raises $15 million in Series A funds, including from the maker of iconic breakfast cereals
Keychain is an online platform that connects food and beverage brands to manufacturers.
Fortune
November 19, 2024
Walmart shares rise on third quarter jump in sales and profits as low prices attract inflation-hit Americans
The nation’s largest retailer raised its outlook for the year as well and shares rose nearly 4% in premarket trading Tuesday.
Fortune
November 19, 2024
Spirit Airlines CFO faces 'uphill battle' as airline navigates Chapter 11 process
Fred Cromer started his CFO role at the company on July 8.
Fortune
November 19, 2024
Singletons are ‘throning’—and dating experts say it’s a quick-ticket to long-term success
Dating experts say 'throning' works—it just depends on how your treat your ex and your newfound network.
Fortune
November 19, 2024
Apple's trying to undo an iPhone sales ban in Indonesia with a reported $100 million investment
IDC, a market intelligence firm, notes that Indonesia is one of Apple's fastest growing markets in Southeast Asia.
Fortune
November 19, 2024
Exclusive: Roboflow, vision AI startup, raises $40 million Series B
Roboflow has raised $40 million for its Series B, led by GV, Fortune has exclusively learned.
Fortune
November 19, 2024
Nestlé plans to double down on ‘billionaire brands’ in major overhaul, cutting $2.8 billion in costs
Nestlé is home to 31 brands that are "billionaires" in their own right. Still, it's slipped behind competitors—new CEO Laurent Freixe wants...
Fortune
November 19, 2024
Losses linger for crisis-hit Thyssenkrupp as steel sector suffers
Once a symbol of German industrial might, Thyssenkrupp's traditional steel business has suffered from high manufacturing costs, falling pric...
Fortune
November 19, 2024
The growing business empire of Jake and Logan Paul
The $40 million Mike Tyson fight is just the beginning
Fortune
November 19, 2024
Data Sheet: We don't understand it
Google Chrome sale, Alexa latency, undersea cables cut, shopping Perplexity, Brendan Carr. Plus: Bluesky soars, VC profits plummet, Roblox r...
Fortune
November 19, 2024
Paris is panicking as 10,000 Parisians are abandoning the city each year
Paris is suffering from "unbearable urbanisation" critics say.
Fortune
November 19, 2024
Boeing starts sending out its 2,199 layoff notices in Washington, the state where it was founded
Its plants in Renton and Everett, located near Seattle, were recently hit by a strike involving more than 33,000 members of the local branch...
Fortune
November 19, 2024
Undersea cables between Germany and Finland severed—sparking suspicion of sabotage
"We must protect ourselves better and be able to react quickly, competently and appropriately to such attacks."
Fortune
November 19, 2024
The SEC's Gary Gensler must refrain from doing more harm to crypto on his way out the door
Gensler’s a goner. His campaign of of crypto antagonism must stop right now.
Fortune
November 19, 2024
What does Spirit Airlines’ bankruptcy filing mean for travelers?
The airline has lost more than $2.5 billion since the beginning of 2020 while also racking up mounting debt.
Fortune
November 19, 2024
Kering reshuffles ranks with new Yves Saint Laurent and Balenciaga CEO
The Paris-listed group warned last month that its annual profit will fall to its lowest level since 2016 on weak demand for its products, no...
Fortune
November 19, 2024
Swiss watch exports fall again amid plummeting demand in China
Swiss watch exports are on track to post an overall decline in 2024 for the first time since the pandemic disrupted yearly sales in 2020.
Fortune
November 19, 2024
Lies, greed and exploding crockpots: How PE firm Cornell Capital’s purchase of Instant Brands went very wrong
Trustee Alan Halperin seeks to recover at least $400 million for Instant Brand creditors
Fortune
November 19, 2024
Ben Affleck says AI can't 'replace human beings making films' because it lacks 'taste'
The A-list star and director doesn't think AI will take over the movie industry, but he sees it as place for additional revenue to be made.
Fortune
November 19, 2024
Tax tips for HENRYs: 5 end of year moves if you are High Earner Not Yet Rich
"It’s remarkably difficult to make ends meet on very high compensation."
Fortune
November 19, 2024
NYC is pausing aqueduct repairs to bring in more water as it issues first drought warning in 22 years
Mayor Eric Adams upgraded the drought warning and temporarily halted a $2 billion aqueduct repair project that had stopped drinking water fr...
Fortune
November 19, 2024
Trump nominates former Wisconsin rep and Fox Business host Sean Duffy to be transportation secretary
Duffy is a former reality TV star who was one of Trump’s most visible defenders on cable news — a prime concern for the media-focused presid...
Fortune
November 19, 2024
What global business leaders need to know about Trump 2.0
Trump's second administration has offered some clues about how its actions will affect America's military and trade partners.
Fortune
November 19, 2024
How Mark Zuckerberg went all-in to make Meta a major AI player and threaten OpenAI’s dominance
The open-source models that Zuckerberg helped Llama catch up with ChatGPT; Meta stock, meanwhile, has reached all-time records.
Fortune
November 19, 2024
Redefining power: How the 2024 election shaped Fortune's Most Powerful People in Business list
Influence over others matters more than wealth on our inaugural ranking of business leaders.
Fortune
November 19, 2024
As Elon Musk pushes driverless cars, one company is already testing autonomous helicopters to spray crops and fight fires
Rotor Technologies has built two autonomous Sprayhawks and aims to have as many as 20 ready for market next year.
Fortune
November 19, 2024
China’s chip advances stall as U.S. curbs hit Huawei AI Product
The struggle reflects how years of U.S. sanctions have scored initial success at freezing Chinese technology advancements at current levels.
Fortune
November 19, 2024
Arthur Frommer, whose ‘Europe on 5 Dollars a Day’ guidebooks revolutionized leisure travel, has died at 95
Frommer began writing about travel while serving in the U.S. Army in Europe in the 1950s.
Fortune
November 19, 2024
MSNBC ‘Morning Joe’ hosts ask critics 'Why wouldn’t we?' meet with Trump
MSNBC hosts Joe Scarborough and Mika Brzezinski say they traveled to Mar-a-Lago for a meeting with Trump to reopen lines of communication.
Fortune
November 19, 2024
DOJ will push Google to sell Chrome to break search monopoly
The case was filed under the first Trump administration and continued under President Joe Biden.
Fortune
November 19, 2024
Elon Musk's SpaceX and Jeff Bezos’ Amazon agree on something—they’re both suing the National Labor Relations Board, claiming it’s unconstitutional
A ruling in favor of the companies could immensely diminish — or paralyze — the nearly century-old agency, which is tasked with enforcing la...
Fortune
November 19, 2024
What's behind the shocking, sudden rise in interest rates over the past 2 weeks?
This explosive shift in interest rates—in the wrong direction—is a harbinger of trouble as it is a crucial long-term driver of stock returns...
Fortune
November 19, 2024
The best CEO you've never heard of
Over four and a half years, Carrier CEO Dave Gitlin has delivered total shareholder returns of 49% a year, trouncing Microsoft, Alphabet, an...
Fortune
November 19, 2024
The company that's building on the moon
BIG is aiming to create lunar structures for human habitation by 2032.
Fortune
November 19, 2024
Gen X founder of $63 million-a-year ice-cream company grows raspberries, blueberries and bok choi from her central London abode
Little Moon’s co-founder Vivien Wong lives near Mayfair, wears vintage Chanel and enjoys coffee in bed every morning.
Fortune
November 19, 2024
If Apollo CEO Marc Rowan is tapped for Treasury, it could mean a boon for $24 trillion private equity market
The billionaire founder would be just the latest top PE executive to wield power in a Trump White House.
Fortune
November 19, 2024
Trump’s pick for FCC chair wants to eliminate the law that protects social media companies from legal consequences for posts on their platforms
Section 230 lets social media companies like Meta, X, and TikTok bear no legal responsibility for content users post on their platforms.
Fortune
November 19, 2024
Leading Singapore property developer CEO says simplicity beats complexity when it comes to design: ‘Boring is okay’
GuocoLand's Guoco Midtown mixed use development boasts occupancy rates of over 90% despite its more simple looking facade.
Fortune
November 19, 2024
The corporate exodus from China is gaining momentum, study says
The share of companies that are moving operations out of China jumped to 69% in 2024 from 55% in 2022, a Bain survey said.
Fortune
November 19, 2024
TikTok ‘dermfluencers’ have medical students flocking to dermatology, where they can make half a million dollars a year and work four days a week
Applications for MD dermatology programs have increased 15% in two years in the U.S.
Fortune
November 19, 2024
Exclusive: Leaked Amazon memos identify critical flaws in the upcoming AI version of Alexa
The planned update to voice assistant Alexa is bogged down with problems including latency, which requires "significant improvements,” an in...
Fortune
November 19, 2024
Super Micro just hired a new auditor that might save it from getting the boot from Nasdaq
The Nvidia-adjacent server maker hired BDO USA after its former auditor quit because it couldn’t trust the management team or the board of d...
Fortune
November 18, 2024
Kim Kardashian posts video testing Tesla Optimus AI robot and Cybercab: 'There's no driver?'
Kardashian posted a video playing rock-paper-scissors with Optimus, a human-sized AI robot from Tesla.
Fortune
November 18, 2024
Trump is making plans to attend Elon's next SpaceX launch in Texas on Tuesday—here's how to watch it live
Trump's visit comes as billionaire Musk has been a near-constant presence at Trump’s side as he builds out his administration.
Fortune
November 18, 2024
Trump Media is near an all-stock deal to buy crypto platform Bakkt, report says
The move would be the first major acquisition on behalf of Trump Media, which already owns the small social media platform Truth Social.
Fortune
November 18, 2024
Ken Griffin says he’s 'very anxious' about Trump's tariff policy
The Citadel founder also expressed reservations about Trump’s pledge to deport millions of undocumented immigrants.
Fortune
November 18, 2024
Perplexity's AI shopping recommendations are here but its CEO doesn't know how they're chosen
The new tools are part of a major push by Perplexity to be more of a one-stop hub for users.
Fortune
November 18, 2024
Donald Trump's presidency could help light a speculative fire under gold, pushing the price to a fresh all-time high
Goldman Sachs sees plenty of upside in the price of bullion over the next thirteen months amid concerns over U.S. tariffs and debt sustainab...
Fortune
November 18, 2024
Trump confirms plan to declare national emergency and use the military for mass deportation
Trump's deportation plan is expected directly to impact around 20 million families.
Fortune
November 18, 2024