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The Latest Breaking News from Fortune

‘Chasing yield’ was an inside joke at SVB—until it led to the bank’s collapse

Back in 2011, some of the bank leaders were involved in running jokes about chasing yield. Now, they don’t seem so funny.

Fortune

Musk’s chances against OpenAI look grim as ChatGPT creator moves to dismiss second lawsuit

Accusing OpenAI of everything from fraud and racketeering to false advertising and unjust enrichment may look like the legal equivalent of throwing spaghetti at a wall.

Fortune

Race season is here: here are the costs (literally and mentally) that go into being a long-distance runner

From sneakers, vests, watches, headphones, race places, and more, running isn’t as cheap as you may think—not to mention the time and emotional costs.

Fortune

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Uber and Lyft are the big winners from Tesla’s underwhelming Cybercab reveal

The lack of details from Elon Musk’s Thursday presentation has assuaged any fears of Tesla dominating the rideshare market anytime soon.

Fortune

COVID-19 raises the stakes for heart attacks, strokes, and even death long after infection, new study finds

'You may have forgotten that you had COVID years ago, but it has not forgotten about you.'

Fortune

'The people’s mandate': Why your vote matters no matter where you live

Even though the Electoral College decides the presidency, a decisive popular vote can fundamentally shift the nation’s course.

Fortune

Bank of America CEO says endless curiosity is key to leadership success

Bank of America CEO Brian Moynihan says crises provide the best teaching opportunities for leaders.

Fortune

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Short seller of $17 billion real estate giant accuses CEO of concealing millions in self-serving dealings

Blue Orca, an activist investment firm that admits it is biased and cannot ensure complete accuracy in its report, argues Sun Communities failed to make financial disclosures, inflated funds, and tolerated poor corporate governance.

Fortune

Fitness app Strava has a new AI coach—and its wacky comments are going viral

Strava’s chief product officer says that reaction has been positive during the product’s beta testing, despite the inevitable memes.

Fortune

BNY crossed $50 trillion in assets under custody and administration on the way to a record quarter

One of the oldest banks in America crossed a historic milestone last quarter, but it's not all good news

Fortune

Try these 3 foods when you're feeling sick this fall. You won't regret it

What you eat can help to alleviate some of the more common complaints associated with colds and seasonal flu.

Fortune

Thailand’s cash handouts made a ‘very good’ month even better for retail conglomerate Berli Jucker’s CEO

Thapanee Techajareonvikul, No. 47 on the Fortune Most Powerful Women Asia list, is the first female CEO of the 142-year-old Thai company.

Fortune

Boeing could get some air under its wings with a $15 billion equity offering

Boeing appears to be bleeding cash. An equity offering may be the Band-Aid to fix it.

Fortune

Too often, men avoid mental health support due to stigma. These 3 shifts in mindset can help

In the U.S., only 40% of men with a reported mental illness received mental health care services as compared to 52% of women. Here's how to encourage more men to seek help.

Fortune

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Stacey Abrams thinks about her work and career like a 'freeway'

“Public service is the intention; public office is the tool," Abrams said at the Fortune Impact Initiative conference on Wednesday.

Fortune

The controversy surrounding AI pioneer Geoffrey Hinton’s Nobel Prize misses the point

The controversy surrounding Hinton’s Nobel Prize should spark a reevaluation of how we recognize innovation.

Fortune

Rep. Barragán wants to electrify America’s busiest container port. Here’s why this matters to Latino voters

'The Port of Los Angeles is both an economic engine and a source of significant environmental justice challenges for our community,' writes Rep. Barragán.

Fortune

Exclusive: Imprint, a co-branded credit card startup, closes $75 million Series C and boosts valuation to $600 million

Imprint has raised a $75 million Series C led by Khosla Ventures, Fortune has exclusively learned.

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Fortune

Ikea’s revenue hit as it spent €2 billion slashing prices. Here’s how it plans to lure more customers to its furniture and meatballs

Ikea's top line took a beating, but the company defends the decline as it managed to draw more shoppers than the previous year.

Fortune

The U.S., EU, and India must urgently come together in a free trade agreement on clean energy, says the CEO of one of India’s largest renewables companies

India is much better placed than the U.S. or the EU to replicate many of the variables that help Chinese producers dominate green industries.

Fortune

Exclusive: Family office Lennertz raising $165 million for blockchain-focused fund of funds

Lennertz has invested in prominent crypto venture firms including Polychain, Multicoin, and Andreessen Horowitz across two previous funds.

Fortune

Irish-founded unicorn Intercom ditches ChatGPT for Anthropic’s Claude

Intercom’s cofounder said there wasn’t a “gotcha” moment, but Claude outperformed ChatGPT on its “Torture Test.”

Fortune

Stacey Abrams says the history of America is a centuries-long struggle towards DEI

“We got it right on paper, but really wrong in every other way.”

Fortune

McDonald’s largest french fry maker lays off hundreds as Americans turn away from fries

Lamb Weston, North America’s biggest french fry producer, counts McDonald’s and Yum Brands among its customers.

Fortune

Hurricane Milton is closing in on $1 trillion worth of commercial properties, Moody’s estimates

Apartment buildings valued at around $370 billion are situated within the storm path.

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