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The Latest Breaking News from Fortune

Starbucks CEO Brian Niccol was a 'messiah' until we found out about his private jet

“The longer this new CEO goes without making a huge impact that's noticeable internally as well as externally, the worse this decision will look."

Fortune

Kamala Harris is being ‘competency-checked,’ a gauntlet every Black woman in the workplace has to run

Just as Barack Obama’s presidency did not usher in a “post-racial” America, neither will a Harris presidency.

Fortune

$5.3 billion sale of Darktrace to move forward despite tragic yacht death of founding investor Mike Lynch

Mike Lynch was a shareholder of Darktrace when he passed.

Fortune

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Democrats can’t figure out their stance on billionaires

Sen. Bernie Sanders’ (I-Vt.) remarks on the wealthy bookended by an heir discussing his riches exposed the party’s awkward stance on the 1%.

Fortune

Boomers and Gen Xers are increasingly phasing into retirement to combat inflation and health care concerns

More and more older workers don't want a hard-stop retirement.

Fortune

In election race, prediction markets are challenging traditional polling

Before scientific polling, newspapers relied on betting markets to predict the outcome of elections, often with remarkable accuracy.

Fortune

Fed Chair Jerome Powell can’t keep ignoring the climate elephant—or its impact on inflation—at Jackson Hole

A growing chorus of central bankers and academics believe climate change does impact price stability—and this impact should be built into modeling.

Fortune

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Private equity is finally coming for the NFL: Here's who's making a play for a piece of the action

Many PE firms don’t have much experience investing in sports teams. They do have the money the NFL wants and needs.

Fortune

The rise and fall of America's AI mayoral candidate—and OpenAI's mad dash to shut it down

A conversation with Victor Miller, who intended to let a GPT-4 bot govern Wyoming’s largest city—and with the state secretary dead-set on blocking his path.

Fortune

Former United Airlines CEO: Activist investors are wrong about Southwest. Running an airline requires more than just financial acumen

'Replacing executives at this critical juncture could disrupt the momentum and stability that Southwest needs to implement changes,' writes Oscar Munoz.

Fortune

U.S. investors are dominating Europe's AI scene—and learning to live with the old continent’s regulators

The trade-off between European regulatory primacy and the influence of U.S. capital may not be as unevenly weighted as it seems.

Fortune

PayPal partners with crypto platform Anchorage Digital to offer stablecoin rewards—despite murky legal rules

As the crypto industry fights for clarity on stablecoin oversight, Anchorage insists that its novel program operates outside the jurisdiction of the SEC.

Fortune

Arch wants to rebuild trust in crypto lending with $5 million in funding and a $70 million debt facility backed by Galaxy

After the collapse of crypto lending firms like BlockFi and Genesis, Arch is trying to revive the sector.

Fortune

Why Peggy Johnson went from Magic Leap to a humanoid robot startup

The former Microsoft exec was attracted to a hardware business that had found product-market fit.

Fortune

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Fortune

Elon Musk was just forced to reveal who really owns X. Here’s the list.

Organizations linked to Bill Ackman, Larry Ellison, and Sean Combs (a.k.a. Diddy) were mentioned in the filing.

Fortune

Chinese oilfield was actually a chicken farm, German Shell whistleblower says

Dozens of carbon reduction schemes in China are alleged to be fake, leaving Germany with a potential $5 billion fraud case.

Fortune

What’s going on with Nvidia CEO Jensen Huang’s daily selling of massive chunks of stock?

“Stop giving him stock. He’s clearly got too much, and that’s why he’s getting rid of it.”

Fortune

Why new parents are whining about a $1,700 smart bassinet

Happiest Baby introduced a new subscription model for its polarizing smart bassinet.

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Fortune

Interest rate cuts are now all but guaranteed after dovish Fed meeting, experts say

“The Fed minutes removed all doubt about a September rate cut,” said Jamie Cox, managing partner at Harris Financial Group.

Fortune

This small mistake is what causes most divorces, reveals celebrity therapist

Orna Guralnik wants more couples to ask this question.

Fortune

America is short by 800,000 jobs—but most investors aren't worried

Yardeni Research’s Eric Wallerstein said the revision is “kind of a nothing burger.”

Fortune

EXCLUSIVE: Chicago Fed president warns falling inflation and high interest rates could make things worse

In a Fortune exclusive, Chicago Fed president Austan Goolsbee discusses working with Jerome Powell, base rate cuts, and Fed independence.

Fortune

Sleep anxiety is exhausting. Here's how to stop worrying and fall asleep

Whether you can’t sleep because you’re anxious, or you’re anxious because you can't fall asleep, here’s how to handle it.

Fortune

Will Sara Blakely's sneaker-heels Sneex catch on like Spanx?

Two decades after founding Spanx, Sara Blakely is trying again with Sneex, a line of sneaker-heels.

Fortune

Why Meter’s Varanasi brothers have to think beyond internet infrastructure to excel

Fortune has the exclusive on Meter’s new product, Command, and we utilized it as a chance to get the company’s brother cofounding team in a rare on-the-record interview.

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