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The Latest Breaking News from Fortune

Magnificent Seven stocks are riding high again after Fed cut

If the Fed does fail to achieve a “soft-landing,” Nvidia, Tesla and others can be viewed as a potential defensive play for investors.

Fortune

Disney says most of its business will stop using Slack by the end of the year

A hacktivist group called NullBulge leaked data from almost 10,000 of Disney’s Slack channels in July.

Fortune

Americans can get behind dropping degree requirements—but employers and hiring managers keep propping up the 'paper ceiling'

79% of employers believe a degree still holds value for an entry-level worker looking to join their company.

Fortune

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Amazon RTO leaves working moms behind

Amazon mandated that all employees soon return to the office five days a week.

Fortune

Working in the office 5 days a week to build company culture is a myth, PwC report says

Amazon has become the latest firm to end working from home in the name of company culture—a PwC reports suggests it could have the opposite effect.

Fortune

AI investors need focus—but their exuberance isn’t entirely unjustified

Breakthroughs in foundation models are increasingly capital-intensive—so investors are looking for opportunities elsewhere.

Fortune

How a spur-of-the-moment trip made GV the lead investor in Cribl’s summer Series E

Michael McBride was the new guy at Google Ventures, but that didn’t stop him from chasing a deal across the world.

Fortune

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Swift endorsement mobilizes over 3X more voters than Biden

Pop-star billionaire Taylor Swift's voting block mobilizes for Harris

Fortune

Amazon Prime is now a perk for warehouse employees, but not corporate

The $139 Prime membership is now available for full-time, part-time, and reduced-time front-line workers.

Fortune

Data Scientist who Famously Nailed Results of Extremely Close Elections Says Kamala Will Defeat Trump in 'Drastic Landslide'

After predicting the outcomes of multiple close elections, a leading data scientist has predicted a landslide victory for Kamala Harris in November

Latin Times

Top market strategist sees ‘nirvana’ after Fed rate cut, new economic data

“The Fed is cutting into one of the stronger economies we've seen in years," Yardeni Reseach's Eric Wallerstein told Fortune.

Fortune

AI development is being hijacked by Big Tech and rich nations, UN report warns

The UN's High-Level Advisory Body on AI has issued recommendations to remedy the clear disadvantage startups and developing nations are facing.

Fortune

How an anti-'woke' firebrand is taking aim at the DEI programs of Fortune 500 companies like Ford, Tractor Supply and Caterpillar

Starbuck has claimed credit for policy changes at companies including Ford and Lowes.

Fortune

Supply chain mystery surrounds how Hezbollah's pagers and walkie-talkies were turned into miniature bombs

Three firms are implicated in the attacks crippling Hezbollah, but no one claims to have made the deadly devices themselves.

Fortune

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Fortune

Job applications are up 31% this year as candidates struggle with a tougher market

Employers have the upper hand, so workers in shaky industries are looking elsewhere.

Fortune

Exclusive: Avid Ventures raises $87 million second fund

Avid Ventures has raised $87 million for its second fund, Fortune can exclusively report.

Fortune

Everyday Americans pay the price for the bipartisan consensus on protectionist trade policies

Donald Trump and Kamala Harris should stop following populist rhetoric—and work on real policies that address competitors.

Fortune

The hotshot founder of an $80 million crypto fund disappeared mysteriously in China. Investors voted to wind it down—as he reappeared

Inception Capital’s future looks uncertain after receiving the backing of Bill Ackman, Alan Howard, and other prominent investors.

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Fortune

Exclusive: Female-led Drift raises $25 million to expand Solana exchange and become 'Robinhood of crypto'

Multicoin Capital led the round with participation from Blockchain Capital, Primitive Ventures, and Folius Ventures.

Fortune

Amazon’s new RTO mandate is 'a triumph of traditional management over innovative management,' says former Google exec

Companies failed to execute hybrid work well, which leads to Silicon Valley going back to tradition

Fortune

Anti-aging fanatic Bryan Johnson praises 80-year-old Larry Ellison for ‘doing a good job managing biological aging’

Ellison, known for his strict diet, has invested over $350 million in research on aging.

Fortune

The stock market dipped after a historic Fed rate cut. Here’s what the experts think

“This is a Fed that believes they are behind the curve,” Robert Minter, director of ETF Investment Strategy at abrdn, told Fortune.

Fortune

80% of CEOs say they’d rather promote an in-person employee

KPMG study illustrates the disconnect between executive and worker preferences.

Fortune

Fed institutes mega interest-rate cut as labor market cools

It's the first Fed rate cut since the COVID lockdown easing that began in March of 2020.

Fortune

The Fed cut doesn’t mean mortgage rates will suddenly fall. But lower rates are coming

Buyers, sellers, and refinancers can benefit from how much rates have dropped already, off the expectation that the Fed would deliver an interest rate cut this month—and it did.

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