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The Latest Breaking News from Fortune

Ray Dalio slams 'tragedy' of a New York Times journalist's shocking book about him, claiming he was a Bridgewater reject who wrote 'fiction, created as fact'

“When truth gets mixed with fiction by journalists, the country has a problem,” the founder of the world’s largest hedge fund said at Fortune's Global Forum in Abu Dhabi.

Fortune

The CEO behind nearly 10,000 KFCs in China explains the country’s consumption slump: A 'psychological' consequence of COVID-zero

“We can understand why people became rather cautious and rational with their spending,” Yum China CEO Joey Wat said at the Fortune Global Forum in Abu Dhabi.

Fortune

Charlie Munger's best leadership advice: 'If you keep learning all the time, you have a wonderful advantage'

The Berkshire Hathaway legend and Warren Buffett's right-hand man leaves behind a treasure trove of wisdom.

Fortune

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AI can be a game changer for neurodivergent employees

ChatGPT, Bard, and other artificial-intelligence-powered large language models are making work communication easier for people with autism and ADHD.

Fortune

How we lost the ability to evaluate two seemingly contradicting facts at the same time–and why it could mean the end of empathy

Instead of adopting a hyper-simplified approach, we must take a counter-intuitive approach and assume there can be multiple realities that are true.

Fortune

As billionaire hedge fund managers flock to the Middle East, a key official says watch out for Abu Dhabi as a financial hub in the next 2 to 3 years

At Fortune's Global Forum in Abu Dhabi, H.E. Ahmed Jasim Al Zaabi echoes the billionaires Alan Howard and Ray Dalio: The city is a major emerging financial district.

Fortune

Home prices could drop next year, but don’t expect that to solve the affordability crisis, bank exec says

Morgan Stanley forecasts a 3% drop in home prices next year—just half of the 6% price increase this year.

Fortune

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Ancestry.com CEO Deb Liu credits Sheryl Sandberg for helping her navigate Silicon Valley

She recognizes that the biases she faced are still present.

Fortune

Oil and gas lobby is a ‘huge barrier’ to solar that is now ready for prime time, renewable energy founder says

Yellow Door Energy founder Jeremy Crane recounts the numerous times he sat around the table with oil execs who 'wagged their finger at me and say we’re subsidizing your business.'

Fortune

Jeff Bezos moved from Seattle to Miami—and he could take some of Amazon with him

Amazon is reportedly looking for office space in the city.

Fortune

3 problems with the new OpenAI board and what the company needs to do next

Diversifying the board may be the most urgent issue facing OpenAI's directors.

Fortune

The labor market will stay tight as shifting demographics keep draining the talent pool, warns multinational recruitment agency CEO

As more people reach retirement age and workforce activity rates decline, businesses and governments will have no choice but to embrace AI.

Fortune

The head of the Middle East's largest private oil producer says we'll need '100 times more' renewable energy to meet demand

“You need to add a new Saudi Arabia every two years just to meet the current demand," Crescent Petroleum CEO Majid Jafar said at Fortune's Global Forum in Abu Dhabi.

Fortune

How CFOs should be approaching AI, according to a McKinsey expert who believes the opportunities go far beyond productivity

Generative AI can be a tool used to “reimagine your business and your industry,” Alexander Sukharevsky said.

Fortune

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Fortune

13 inflation-proof stocks to buy for 2024

These companies are poised to ride the AI boom and protect investors from the impact of higher interest rates.

Fortune

Gary Gensler has remade the SEC into a crypto nemesis and climate warrior. Now a backlash is brewing

The combative former Goldman Sachs banker faces staff burnout, widening criticism from Congress, and a potential reckoning from hostile federal courts.

InsideEVs

Mazda CEO Says EVs 'Not Taking Off' In The U.S.—Except Teslas

Masahiro Moro told Fortune that the share of EVs in the overall U.S. new passenger car market is too small and EV "inventory is piling up."

Fortune

The UK has detected its first human case of a new type of swine flu. What you need to know

Symptoms of influenza A(H1N2)v were mild in the individual, who has fully recovered, health authorities said. But how they contracted the virus remains unknown.

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Fortune

70% of jobs can be automated, McKinsey’s AI thought leader says—but ‘the devil is in the detail’

“We got it wrong many times with dotcom and crypto and a few other things,” said QuantumBlack’s Alexander Sukharevsky, but this is a “platform shift.”

Fortune

Binance’s new CEO on the post-CZ era and what comes next

Replacing a founding CEO is never easy. For incoming Binance CEO Richard Teng, the task will be even tougher than usual.

Fortune

Sam Altman is back at OpenAI. Where are the women?

The two women on the leading AI company's board are out. Three men are in.

Fortune

How Nasdaq’s Adena Friedman stood up to peer pressure at Carlyle

A private equity lawsuit showcases the supposed bad acts of a fired exec.

Fortune

Chanel heir with a $48 billion fortune is the richest person in Switzerland thanks to a post-pandemic luxury goods boom

Gérard Wertheimer has taken the top spot from the Kamprad family—the billionaire founders of Swedish furniture giant Ikea—for the first time in 21 years.

Fortune

OpenAI’s board might have been dysfunctional–but they made the right choice. Their defeat shows that in the battle between AI profits and ethics, it's no contest

OpenAI employees may not like the board’s retort that allowing the company to be destroyed would be consistent with the mission–but they saw it this way.

Fortune

A former FIRE fanatic who planned to retire at 35 ditched the movement after watching her youth slip away

The FIRE movement's flame dwindled for Gwen Merz after watching her friends spend money. Now, she's partaking in 'coast FIRE' instead.

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