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The Latest Breaking News from Fortune

Here's why bosses aren’t allowed to promote their direct reports at Yum China

“The boss sponsors someone to be promoted and we have a committee with very senior people, including myself, to sift through every single promotion,” Yum China CEO Joey Wat said.

Fortune

The AI revolution is here but it's still 'pretty nascent' and 'a little clumsy', private equity firm managing partner says

“When we have job applicants sending us a writing sample, we can tell pretty quickly when it’s AI,” Isabelle Freidheim, founder of Athena Capital, said.

Fortune

We analyzed 40,000 M&A deals over 40 years. Here’s why 70-75% fail

Acquisitions appear in many cases to be tenure insurance for CEOs.

Fortune

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read the most diverse news in one place.

Arnold Schwarzenegger, Zimmer Biomet’s first chief movement officer, wants older adults to stay active

The “Governator,” 77, is on a mission to spread the gospel of active aging.

Fortune

Red Lobster CEO says endless shrimp is never coming back because 'I know how to do math'

Instead, Damola Adamolekun is going back to what made the company successful in the first place.

Fortune

What’s a normal resting heart rate? Here’s what your pulse should be based on age

Factors including stress, hormones, anxiety, medication, and physical activity also contribute to what may be considered a healthy resting heart rate for you.

Fortune

IMF's Gita Gopinath U.S. voters' view of inflation

The economy is strong, but voters remember increasing prices.

Fortune

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As crypto fortunes swell, Robinhood announces tie-up with charity platform Daffy

Daffy has facilitated the donation of over $25 million of crypto to charity.

Fortune

Behind the curtain of Joshua Kushner’s venture empire

How the Thrive Capital founder approached his OpenAI investment.

Fortune

Elon Musk spent millions bolstering Trump, but the president ‘goes through people like tissues,’ says Kara Swisher

A Silicon Valley icon who claims to know the Tesla CEO is predicting a fallout with Donald Trump.

Fortune

Meta, TikTok And X Have One-Year Deadline To Prepare For Australia's Social Media Ban For Kids Under 16

The Australian legislation could set a global precedent as other countries consider measures to regulate children's social media use.

International Business Times UK

Joshua Kushner: Why I bet $1.3 billion on OpenAI

Joshua Kushner said at Fortune’s Global Forum there were two main reasons.

Fortune

Tom Brady’s key to success: ‘To me, failure is amazing’

Hard lessons as a benchwarmer and sixth-round draft pick fuelled the career of a 7-time Super Bowl winner.

Fortune

RTO mandates aren’t for everyone. Here’s what we did instead—and it’s working: Synchrony CEO

The hybrid work model has been instrumental in making Synchrony’s business model successful, says CEO Brian Doubles.

Fortune

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Fortune

The CEO of a $17 billion real estate giant will step down after 50 years—and just weeks after a short seller accused him of concealing millions in self dealings

“Mr. Shiffman’s retirement is not the result of any disagreement with the Company on any matter relating to its operations, policies or practices,” Sun Communities said in a filing.

Fortune

Trump calls for investigation into possible 'illegal' rumors saying he wants to sell his Trump Media shares

Trump’s shares in the company are worth about $3.5 billion.

Fortune

After its entire board resigned overnight, 23andMe will cut over 200 employees and its cancer research in an urgent bid to nurse the company back to health

The DNA-testing firm said in a Tuesday SEC filing, “there is substantial doubt about the company’s ability to continue.”

Fortune

AT&T's CEO says AI may cause power shortages and it could be ‘the next big social issue in the United States’

Gartner has echoed that by 2027, AI demand will exceed power utilities’ capacity

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Fortune

Trump could 'kick off a crypto Golden Age' by delivering regulations the industry has been craving for years, Paxos CEO says

“There’s so much pent-up demand,” Chad Cascarilla said at Fortune's Global Forum.

Fortune

UN hopes tech will answer call to address its climate impact at COP29

In 2022, 166 tech companies emitted nearly 1% of global greenhouse gas emissions—that total would place them in the league of the top 25 emitting countries

Fortune

Bitcoin is close to breaking $90k for the first time. What's behind the monster rally?

"A regime shift is underway," said one crypto hedge fund manager.

Fortune

Leading China investor Fred Hu advises Beijing to ‘stay cool’ amid Trump tariff threat

If China retaliates to a trade war, "that’s a lose-lose with global ramifications,” said Primavera founder Fred Hu at the Fortune Global Forum.

Fortune

AT&T CEO: A looming airwave gap will bring higher cellphone bills

Wireless networks need electromagnetic spectrum—and a lot of it—to send data.

Fortune

Bozoma Saint John self-funds hair brand Eve by Boz

Saint John is known for building the brands of some of the world's most influential companies, now she's launching her own line.

Fortune

Coinbase launches ‘Coin50’ index as crypto equivalent to S&P 500 and a balance to Bitcoin

The Coin50 index includes the top 50 cryptocurrencies ranked by market cap and provides a comprehensive view of industry performance.

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