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The Latest Breaking News from Fortune

Buyers—and sellers—need to prepare for mortgage rates nearing 8% and staying there indefinitely says a prominent chief economist

First American’s Mark Fleming says mortgage rates could get closer to 8%.

Fortune

The housing market is so unaffordable that buyers need to make nearly $115K to afford the average home, Redfin says—that’s $40k more than average earnings

Maybe you didn’t know how bad the affordability situation has gotten in the housing market. (It's really bad.)

Fortune

(Crypto) Empire State of Mind: Sam Bankman-Fried allegedly met with Bill Clinton and Kathy Hochul in NYC 2 months before FTX collapsed

Now, Bankman-Fried is back in the Big Apple—but for very different reasons.

Fortune

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How businesses can partner with colleges to diversify entry-level talent pipeline

Diversifying corporate America's talent pipeline will require partnerships between businesses and colleges after affirmative action reversal.

Fortune

If you habitually hit the snooze button on your alarm, new research says you may be mentally sharper for it

Snoozing "may even help those with morning drowsiness to be slightly more awake once they get up," one expert said.

Fortune

Walmart International CEO Kath McLay says her first weeks were like 'drinking from a firehose'

The former Sam's Club chief has picked up the baton from ex-Walmart International leader Judith McKenna.

Fortune

A step-by-step manual from JPMorgan on addressing the Israel-Hamas war

A JPMorgan memo on the Israel-Hamas war outlines how business leaders can address the conflict with employees globally.

Fortune

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Inside the mounting litigation and high turnover at startup unicorn Carta

More on Fortune’s reporting into Carta.

Fortune

Glitch on Elon Musk’s X allowed CIA spy recruitment channel to be hijacked, hacker says. ‘It was a perfect storm for something pretty bad to happen’

The hacker said the error could have allowed hostile countries to intercept secret information intended for the intelligence agency.

Fortune

3 areas Tesla’s new CFO must prioritize, according to Wedbush tech analyst Dan Ives

Investors want to know if Vaibhav Taneja, who succeeded Zachary Kirkhorn as CFO, can deliver, Ives says.

Fortune

X, formerly Twitter, rolls out US$1 annual fee for new users in New Zealand and the Philippines

Platform owned by Elon Musk says subscription trial is aimed at combating bots on the service

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Consumer dynamics are shifting like never before. Executives from Instacart, Atlassian, Nordstrom, and Black & Decker share their strategies

Top executives shared their strategies for adapting to AI, supply chain, and more at Fortune's Most Powerful Women Summit in Laguna Niguel, Calif.

Fortune

Fannie Mae's CEO says shopping for a house right now is downright Dickensian: A 'tale of 2 markets'

The “lock-in” effect is making the housing market unappealing for both buyers and sellers.

Fortune

Gen Z and millennials are more into gig work than ever, BofA says—but it’s not coming close to making ends meet

Despite taking on more side hustles, Gen Z and millennials are spending less.

Fortune

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Fortune

America was the world’s largest producer of primary aluminum until recently. Now companies are warning the 2% U.S. market share puts the energy transition at risk

In 2000, the U.S. was the largest producer of primary aluminum. The six remaining smelters in the U.S. now make up a small percentage of global capacity.

Fortune

Vista buys a majority of Gatekeeper

The fund has struck a deal to buy a majority stake in Gatekeeper, a contract management platform valued at more than $100 million

Fortune

Some politicians are waging a war on sustainability. New research shows U.S. consumers of all persuasions, from Gen Zers to boomers, are going in the opposite direction

Most Americans, regardless of party, income level, geographic location, age, or gender, want to purchase sustainable products.

Fortune

The housing market is about to have its slowest year since the real estate bubble burst in 2008, according to National Association of Realtors

Mortgage rate lock-in effect is making homeowners hold on for longer: “You can’t buy what’s not for sale,” one pro says.

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news in one place.

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Fortune

More women come forward with claims of mistreatment at unicorn startup Carta

Litigation, high turnover, and employee grievances against management are swirling around the equity management startup backed by a16z.

Fortune

Expecting a return to office will boost worker productivity is ‘magical thinking,’ says Meta’s former director of remote work

“The idea that if you bring everyone into this mandatory environment, working shoulder to shoulder, magical outcomes will come—that’s a silly thing.”

Fortune

COVID-19, flu, RSV: How wastewater monitoring can save lives as America faces the next 'tripledemic'

Last year, nearly 40% of U.S. households reported experiencing either COVID-19, the flu, or RSV in January.

Fortune

Tapestry's chief didn't think she was the 'CEO type'

The CEO behind Coach and Kate Spade is pulling off the industry's largest deal in more than a decade.

Fortune

Ferrari will now let you pay for your new car with crypto, and the brand is expanding the service to Europe at the request of wealthy customers

Elon Musk briefly attempted to sell Teslas using crypto only to abandon the effort, suffering heavy write-downs on its $1.5 billion Bitcoin stake in the process.

Fortune

Citibank wins lawsuit against former analyst who was dismissed for buying his partner meals then charging it to the company

Szabolcs Fekete claimed he had eaten two portions of pasta in one sitting, but the Citibank analyst later admitted his partner had been on the work trip with him.

Fortune

Burnout and anxiety are on the rise. A simple mindset shift could be the remedy

Shifting from a sacrificial approach to a sufficiency mindset equips us to navigate uncertainty with poise and confidence.

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