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The Latest Breaking News from Fortune

Warren Buffett’s Berkshire Hathaway dumped $6.2 billion in Bank of America stock in under 2 months

"I think implicitly...you can make the case that [Buffett] thinks that there aren't that many great opportunities," Madison Investments' Toyama said.

Fortune

Canva says its new AI features justify raising subscription prices by 300%

Canva Teams has ‘come a long way’ since its 2020 launch. So now it’s time for a price increase, Canva spokesperson says.

Fortune

Yacht tragedy forces Morgan Stanley to find new international chair even as grief is fresh

Jonathan Bloomer helped steer Morgan Stanley through Brexit before his death aboard a yacht forced the bank to start a job search.

Fortune

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Kamala Harris is wrong. American economic history is replete with failed price control policies

Price controls fail to meet the hope of their advocates because such policies don't address the root causes and introduce unintended consequences.

Fortune

HPE To Pursue $4B Damages Claim In UK Against Mike Lynch

HPE has now stated it will pursue his family estate for $4 billion damages. Lynch's widow, Angela Bacares, could be liable to pay the damages.

International Business Times

Consumers benefit from Google’s dominance in search, Google-backed trade group says

There’s a reason why the top search query on Bing is “Google.”

Fortune

Gen Z expect to inherit money and assets—but their boomer parents aren’t planning on leaving anything behind

Over half of Gen Zers and nearly 60% of millennials are depending on their inheritance to achieve financial security. Just 22% of baby boomers expect to leave them anything.

Fortune

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Hewlett Packard set to pursue Mike Lynch’s family for $4 billion

Hewlett Packard moved to end speculation that it would end its case against Lynch over PR concerns.

Fortune

Most American workers want a union—and it may be the only way to save the middle class

Poor is a four-letter word, and a big part of the solution is a five-letter word: union.

Fortune

Is melatonin or ashwagandha better for sleep? Experts weigh in

While melatonin is said to promote sleep, ashwagandha is known to help reduce stress for an easier night’s sleep.

Fortune

Trump vs. Harris: Who would be better for America’s $35 trillion national debt?

“We think of the United States as too big to fail. It’s not actually true.”

Fortune

Kurt Geiger’s CEO went from cleaning toilets to running a $432 million fashion brand—he says he got promoted by making his boss look brilliant

Neil Clifford would rather step into his bosses’ shoes “than push them over the cliff.”

Fortune

It took Wells Fargo 4 days to notice that an employee had died in their cubicle

Denise Prudhomme, 60, was found dead at her cubicle after colleagues reported an odor.

Fortune

With ESG on the rebound, it’s time to abandon climate doom narratives

Fear-based green messaging isn’t working.

Fortune

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Fortune

Zillow CEO says job applications have quadrupled since going remote-first

The firm’s CloudHQ model has given it a leg up over the companies demanding a return to the office.

Fortune

Texas judge who owns Tesla stock rules Musk lawsuit against media watchdog can go to trial

Elon Musk’s favorite Texas judge ruled his case against Media Matters for America can proceed as planned.

Fortune

The Goldman exec behind FC Barcelona's new stadium

Stacy Sonnenberg is Goldman Sachs's global head of sports finance, financing stadiums for the Yankees and FC Barcelona.

Fortune

The U.S. must pursue 'fleet-scale' nuclear development to ensure the lessons learned at Vogtle won’t be for naught

The two new reactors at the Vogtle plant became notorious for cost overruns and delays, but the next reactor built in the same style should cost 40% less.

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Fortune

Italy is mulling a €25-a-night tax for tourists staying at its most expensive hotels to turn overtourism into economic gain

Italy has seen hundreds of millions of tourists this summer, and the number keeps growing. A new tax might help address it—or not.

Fortune

Ross Stores CEO made a whopping 2,100 times as much as her typical employee in 2023

Barbara Rentler raked in $18.1 million in 2023, while rank-and-file workers made just $8,600.

Fortune

Drunk driving gets all the attention but driving while high is also a real problem

It's both unsafe and illegal—despite changing marijuana laws in the U.S.

Fortune

Zillow CEO says the worst of the housing crisis may be over

“It seems we’re closer to easing rates, and closer to supply coming online than we were two to three years ago,” Jeremy Wacksman told Fortune.

Fortune

A 40-year mortgage should be the new American standard for first-time homebuyers, two-time presidential advisor says

And there shouldn’t be a cap on age: “Why discriminate against somebody because they’re older? That’s crazy,” John Hope Bryant tells Fortune.

Fortune

Half of Gen Zers don’t intend to vote—but Kamala Harris and Donald Trump still need their support to win the 2024 election

When playing on Gen Z’s turf, presidential candidates are always one viral moment away from success or crisis.

Fortune

This athlete lost the use of her legs 7 years ago. Resilience got her to the Paralympics

Emi Perry struggled to accept her new identity as a para athlete, but resilience kept her in the sport until she reached Paralympic status.

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