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The Latest Breaking News from Fortune

Citi CEO Jane Fraser ‘certainly’ sees a slowdown, but big banks remain in ‘very strong health’

Citigroup is halfway through a turnaround that’s aiming to simplify the bank’s core business structure.

Fortune

This is how much VC firm Initialized Capital will pay its next investor

The early-stage firm aims to increase pay transparency in the opaque and male-dominated VC industry.

Fortune

Which houses get stuck sitting on the market? Home condition makes the difference

A new OpenDoor survey found that close to 70% of homebuyers indicate want a turnkey home right now.

Fortune

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Linda Yaccarino is trying to fix Twitter’s accounting nightmare after Elon Musk refused to pay the company’s bills

Twitter just resumed paying its bills to Google Cloud, but its new CEO has many more messes to sort out.

Fortune

Billionaire CEO Barry Sternlicht admits he was 'a little early' with his recession calls. 'I did not understand the strength of the consumer'

The head of Starwood Capital Group said it all comes down to the labor market. “People are employed and when people are employed, they spend money.”

Fortune

It's 'going to be a struggle' for customers of Binance-linked Prime Trust after BitGo terminates acquisition plan

BitGo CEO Mike Belshe said Prime Trust didn't have the necessary finances to complete the deal.

Fortune

No, 'DINK' couples don't regret not having children

More couples are choosing to be DINKS—double income no kids—but the freedom and independence can come with some drawbacks.

Fortune

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The housing market recession is 'over’ in the new home space, top economist Ali Wolf says, but she's hesitant on what comes next

"Home sales are rising, starts are rising, and home prices are rising again," Wolf tells Fortune. "The big question is – is that it?"

Fortune

Multimillionaire who agreed to join billionaire pal on Titan sub over beers on Richard Branson’s private island pulled out at the last minute over fears operator ‘cut too many corners’

Chris Brown says he agreed to join billionaire pal Hamish Harding on the Titan over beers on Richard Branson’s private island. He is one of two men who canceled their spot on the trip.

Fortune

Americans are so indebted that it’s holding back the economy. These 4 key reforms could give them room to breathe

The inexorable march of debt may well be the most important economic factor in our lifetime.

Fortune

How can CFOs have a 'growth mindset' during uncertain times? Finance chiefs at Adobe, e.l.f. Beauty, TD Bank and a McKinsey expert explain

"Not being afraid to take risks is a big part of a growth mindset," Mandy Fields, SVP and CFO at e.l.f. Beauty said.

Fortune

Malawi’s former president: ‘Africa’s food systems are in danger of failing due to high debt and climate change. A new financial pact can reverse this’

Climate change is undermining what progress has been made across the continent in the last few decades. Hunger, malnutrition, and poverty are on the rise.

Fortune

America's teens were experiencing a mental health crisis 'a good 8 years before COVID was on the scene'

Depression symptoms are skyrocketing in teens, but it’s not solely due to the pandemic.

Fortune

Bitcoin soars past $30,000—notching the highest mark in more than a year—on ETF fever

The total market cap for all cryptocurrencies has followed suit, rising above $1.17 trillion.

Fortune

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Fortune

Return to office: How many workers are back at their desks

Office security company Kastle Systems has emerged as the single best source of data on exactly how many butts are in seats. The proverbial glass is still half-full, or half-empty.

Fortune

The 2023 Best Workplaces in Chicago make fairness a top priority

Here’s what sets the best employers apart from their competitors.

Fortune

Pride and flexibility stand out at the 2023 Best Workplaces in Bay Area

Here’s how the best employers separate themselves from their competitors.

Fortune

The 2023 Best Workplaces in New York offer career growth and flexible schedules

Here’s what employees say matters to them in the workplace.

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Fortune

The 2023 Best Workplaces in Texas offer inclusion and balance

Here’s what the best employers offer their workers.

Fortune

Maverick Protocol raises $9 million to challenge decentralized exchanges like Uniswap

Decentralized finance protocols saw increased trading volume shortly after the SEC sued Binance.

Fortune

‘Milliseconds from implosion’: Company behind missing Titan sub fired a director for raising safety concerns

The submersible went missing off the coast of Canada as it took passengers to see the Titanic shipwreck.

Fortune

Meet the first Black woman on a Fortune 500 board

Patricia Roberts Harris joined the board of IBM in 1971.

Fortune

Hippo Holdings has SPAC remorse 2 years after the deal that saw the firm valued at $5 billion

A downturn that’s included SPACs and insurtechs has Hippo Holdings wishing it had chosen a different route to go public.

Fortune

‘Bringing some of the investor protections to it’: How EDX Markets is embracing TradFi to become the safest bet in crypto

The exchange is backed by TradFi players like Citadel Securities, Fidelity, and Charles Schwab.

Fortune

U.S. crypto banking is under frontal assault. Here’s what it will take for the regulatory freeze to thaw, according to a former Fed examiner

Even prior the recent crypto scandals, bank failures, and tighter regulatory scrutiny, regulators were cooling to crypto banking.

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