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The Latest Breaking News from Fortune

How the immigrant inventor of Edible Arrangements turned a modest loan at age 17 into a multimillion-dollar business

"I’ve been lucky enough to live within my means."

Fortune

How the Rubik’s Cube has lived to 50 years—and continues to be a rage among Gen Z and beyond

Erno Rubik’s Cube is still selling millions after 50 years—but it refuses to be frozen in time.

Fortune

Bosses are using RTO mandates as a way to ‘blame employees as a scapegoat for bad firm performance,’ new research finds

A new working paper finds that return to office mandates don’t actually improve a company’s financial performance—despite bosses saying it will.

Fortune

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Ruptured supply chains, rising oil prices, and resurgent inflation. The Red Sea crisis is rekindling memories of the Ukraine War—but this time could be different

When it comes to longer term economic impacts of the Red Sea crisis: The "most honest answer" experts can give is "I have no idea” at this point, Unlimited's Bob Elliott told Fortune.

Fortune

What could Bob Iger be looking for in Disney’s next CEO?

With a sinking share price and intense competition in the streaming wars, Disney may not be looking for a Bob Iger 2.0 to take the company into the future.

Fortune

Ex-Cloudflare employee records her firing and sparks a debate about whether it was a layoff in disguise or her fault

Cloudflare says it let 60 people go in one day, but they weren’t layoffs. Brittany Pietch, who just started last August, begs to differ.

Fortune

Ogunlesi to leave Goldman’s board after BlackRock agrees to buy GIP for $12.5 billion

Adebayo Ogunlesi is the latest executive to leave Goldman’s board, which currently numbers 13.

Fortune

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Amazon's hundreds of reported job cuts show the tech giant bit off more than it could chew with streaming and movies

Amazon cuts jobs in its entertainment divisions as it undergoes a reckoning with its media business.

Fortune

'Gumbo Coalition' leaders: 'We were born into a segregated America–but MLK’s dream is now being tested as never before in our lifetimes'

'We fear America is moving into a dark and divisive period, driven by political forces that seek to find tomorrow in yesterday.'

Fortune

Exclusive: Slack CTO Cal Henderson is out and will be replaced by Salesforce cofounder Parker Harris

The latest leadership shake-up at Slack, just three months after a CEO change, puts executives from parent company Salesforce in full control of the top ranks of the workplace chat business.

Fortune

Formula E team used AI influencer in attempt to promote diversity—she lasted two days following backlash

Fans slammed Mahindra's Formula E racing team for opting for female AI influencer 'Ava' instead of a real life woman.

Fortune

I’m a former FBI cyber agent. Here is my biggest 2024 election security concern

Since the last election, we’ve seen clear evidence that U.S. voter machines were not tampered with, but there is still a lot of misinformation about this.

Fortune

What is the difference between data science and data analytics?

The fields have one big thing in common: data. But what distinguishes the two topics?

Fortune

Laid-off Big Tech workers are back on the job market. These hard truths I've come to learn can help them land jobs in startups

As layoffs continue to hit the tech industry, Optimizely CEO Alex Atzberger shares his experience of transitioning from Big Tech to a small startup.

Fortune

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Exclusive: Genesis reaches settlement with New York regulator, will forfeit BitLicense and pay $8 million fine

The agreement with the NY Department of Financial Services comes on the heels of a major lawsuit by the state's attorney general.

Fortune

CEO behind Drake's $400K bed doesn't consider his mattresses to be 'luxury products'

Jan Ryde, the fifth-generation CEO of Hästens, is the supplier to the Swedish Royal family and his beds have appeared in Netflix hit Emily in Paris.

Fortune

Garry Tan says founders ‘have to be in San Francisco’ as Y Combinator ditches Mountain View headquarters for the big city

Y Combinator moved its headquarters out of Mountain View last year.

Fortune

Luxury trench coat maker Burberry is buttoning up for gloomy earnings report after Christmas washout

“Unlike your average fashion retailer, it is simply not the Burberry way to slash prices and hope bargains lure in shoppers,” AJ Bell's Russ Mould said.

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Fortune

Elon Musk isn’t the first big-name CEO to use recreational drugs. But how much is too much?

Experts who spoke to Fortune expressed concerns over Musk’s behavior, including one who said, “It’s a serious thing no matter how you look at it.”

Fortune

A rare Netflix skeptic on Wall Street says it fails the grandmother test: The winner of the streaming wars will have to do too much to stay on top

Citi's Jason Bazinet downgraded Netflix because of its narrative. "If you can explain a story in two lines to your grandmother, that will get a higher multiple"

Fortune

How to get into UX design?

User experience (UX) design careers are growing, and Fortune is here to break down the ways you can break through into the field.

Fortune

The $40 billion AI mania sprouts a tech incubator program in the unlikeliest place: Major League Soccer

The soccer league is launching a formal startup incubator program with six companies from across the world. Yes, some of them are AI startups.

Fortune

The World Brewing Alliance: ‘Here’s why the global beer industry wants you to do Dry January’

The beer industry has made large investments to allow consumers the choice of controlling their alcohol intake without sacrificing their enjoyment.

Fortune

Bitcoin gains more than 5% as crypto industry celebrates SEC’s approval of spot ETFs

The Securities and Exchange Commission approved 11 applications to create a spot Bitcoin ETF Wednesday.

Fortune

Goldman Sachs ends diversity investment program

The investment bank says it met its $1 billion commitment in June.

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