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The Latest Breaking News from Fortune

The $500,000 penalty for working moms: New study shows how much having a child can cost women over their careers

Last year, working moms earned $17,000 less than fathers—and it stacks up to more than a $500,000 loss over women’s career

Fortune

Telegram CEO's arrest puts spotlight on an app rife with guns, drugs and everything illegal

Here are some screenshots of some of the more outrageous listings that show pictures of heroin and stolen credit cards.

Fortune

More companies are paying their ERG leaders—here’s how they approach compensation

There’s not just one way to pay the head of an employee resource group.

Fortune

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Exclusive: Holoclara raises $16 million Series A to develop therapeutics—with worms

Holoclara has raised $16 million for its Series A, Fortune has exclusively learned. Bold Capital Partners led the round, with participation from Horizons Ventures, Tarrasque, Endurance28, Freeflow Ventures, and a number of angel investors.

Fortune

Slack CEO welcomes EU Microsoft probe that could leade to $21 billion fine

Denise Dresser said Slack was encouraged after the EU said Microsoft was "possibly abusive" when it bundled Teams and Office.

Fortune

Businesses are using ‘sociologists, psychologists, and anthropologists’ to get staff back to the office

After running out of carrots and sticks to bring workers back, employers want to know what makes them tick.

Fortune

No Fortune 100 CEO supports Trump, a Yale Business professor says

Trump critic Jeffrey Sonnenfeld says the onetime business icon has the lowest corporate support in GOP history.

Fortune

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Home prices just broke another all-time high. But things might be changing as price inflation slows

For the first time in close to a year, the pace of annual home price inflation dipped. Still, home prices and mortgage rates are considerably higher than before the pandemic.

Fortune

Exclusive: Vulnerability expert Brené Brown says executives who don't 'discuss people's fears and feelings will not be leading in the future'

“You don't have to be a therapist to everyone you lead, but you have to care about who they are as humans," says Brown, who announced a partnership with coaching platform BetterUp.

Fortune

Believe it or not, there’s a housing surplus—but not for people who can’t afford a home, study finds

McMansions from the real estate bubble mean the housing market has more than enough homes for people. They are just too expensive.

Fortune

Chime to buy Salt Labs for as much as $173M in push to expand ahead of possible IPO

Salt Labs’ CEO, whose career arc has been tumultuous, will join Chime.

Fortune

Rumors of American consumer strife are greatly exaggerated, Affirm CEO and PayPal cofounder says

Any customer’s inability to pay is a mistake on Affirm’s side, Max Levchin added. And he’s got the numbers to prove it.

Fortune

PayPal cofounder Max Levchin's traumatic debt experience motivated him to create Affirm. Now he's dreaming of a world without credit cards

But the jury’s still out on whether his buy-now, pay-later system is any better—or different for consumers.

Fortune

Bosses are lying to burned-out employees by posting fake jobs to give false hope that help is on the way

Posting fake jobs can cause "irreparable damage" for employers, one interviewing platform executive says.

Fortune

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Fortune

Housing insurance is melting down in several property markets as climate change renders old assumptions obsolete

The first time a property floods, it’s an insurance problem, and maybe the second time, but after that, it’s an equity and debt problem.

Fortune

Departing Nvidia VP salutes Jensen Huang's leadership, and pinpoints the 3 key principles he taught her

After 7 years of working for Nvidia’s CEO Jensen Huang, the chipmaker's outgoing VP said that her boss taught her about the importance of first principles thinking, zero-billion dollar markets and speed-of-light execution.

Fortune

Boeing braces for battle—with its own union

The clock is ticking as Boeing’s 32,000-strong union negotiates to ‘save the company from itself’—even if it takes a costly strike

Fortune

A summer job can set teens up for a lifetime of success, experts say

After a decades-long decline, the percentage of teens getting summer jobs is on an upswing.

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Fortune

As presidential campaigns court the votes of 50 million crypto investors, it’s time to reintroduce America to blockchains’ real benefits

This election year, crypto is in the spotlight—and both major presidential campaigns are paying attention.

Fortune

Saudi Aramco's AI push: Why the world's biggest oil company is spending big on GenAI

The world's biggest oil and gas company is sinking its profits into LLMs to make drilling more efficient—and to prepare itself for a future after peak oil.

Fortune

Welch’s wants to grow up with ’90s kids by turning juice into vodka

Wine to juice and juice to alcohol: the former temperance company pulls on the nostalgia chords especially for younger generations

Fortune

Real estate CEO says pandemic boomtowns in Florida and Texas are overvalued—and in some cases, are crashing

“These pandemic boomtowns, they just got way too expensive over the last two or three years,” chief executive of Reventure Consulting and Reventure App said.

Fortune

Ring's inventor was 'completely broke' before pitching his $1 billion idea to 'Shark Tank' and Amazon

Jamie Siminoff had a rough start to his video-doorbell company before getting some help from Shaq and Richard Branson.

Fortune

Treasury Secretary Janet Yellen blames Trump’s tax cuts for ‘many of the problems’ with the U.S.’s soaring budget deficit

Yellen says Trump’s policies gave tax breaks to wealthy corporations and individuals while increasing the national deficit.

Fortune

RIAA lawsuits against Suno, Udio and Perplexity's broken pledges show the perils of AI's 'move fast, break sh-t' culture

The RIAA sues Sonu and Udio, and Perplexity gets caught seemingly violating its own pledge to not scrape websites that have opted out of scraping—both stories that show AI has a consent problem.

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