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The Latest Breaking News from Fortune

How Vivek Ramaswamy, the surprise GOP debate star, made his fortune and triggered his critics

He bills himself as an iconoclast ready to shake up the Republican Party after making millions trying to do the same in the biotech industry.

Fortune

Mastercard to end prepaid crypto card program with Binance after calling partnership ‘exciting step in our crypto journey’

The breakup follows two lawsuits from the U.S. federal government against the world’s largest crypto exchange.

Fortune

Shein and Forever 21 are combining forces to expand their reach—the deal is a win for fast fashion, but a loss for the environment

The fashion industry contributes up to 8% of global carbon emissions and 20% of water waste, according to the UN.

Fortune

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Wealthy millennials are flocking to Florida and Texas—and no one wants to live in New York or California

Sunshine, open space, and lack of income taxes are luring high-earning young professionals out of their tiny city apartments and down South.

Fortune

Buy-now, pay-later giant Klarna says it will ‘double down’ in Europe after reporting major growth in the region

The company said it has seen "phenomenal growth" across Europe.

Fortune

U.S. ambassador to Japan will publicly eat Fukushima fish amid radioactive water release outrage

He said it was intended to be a “show of solidarity” after the release of the water sparked protests and concerns that Japanese seafood would be contaminated.

Fortune

Bitcoin sees sudden 4% uptick after investors anticipate lower likelihood of interest rate hike in September

The upswing follows a recent crash in the crypto market amid economic unease.

Fortune

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Peter Thiel launched a student newspaper 36 years ago. It has quietly become one of the surest paths to success in Silicon Valley

The conservative Stanford Review didn’t change many minds on campus. But its alums have transformed the tech ecosystem.

Fortune

We gave 2 groups of American voters opposite scenarios for the U.S. economy and asked them about the culture wars. No one cared about ‘wokeness’ in case of a recession

If the economy stays strong, Democrats are poised to meet Americans where they are. If not, Republicans can't continue to talk about woke when we are broke.

Fortune

Bank CEO ordered employees to return to the office for their own 'mental health'—and it sparked backlash

Managers entertaining the notion that their RTO mandates are for the benefit of their staff's mental well-being should reconsider.

Fortune

Meet the dads choosing caring for kids over careers

Not a single stay-at-home father that Fortune spoke to had any regrets about swapping sending emails for changing diapers.

Fortune

A.I. could boost earnings nearly 20% by replacing human jobs, Goldman says. These are the short- and long-term winners of the boom

Goldman’s vice president of U.S. equity strategy, Ryan Hammond, believes an A.I.-enabled productivity and cost-cutting boom will boost corporate earnings for years to come.

Fortune

The pumpkin spice latte is back, but it may be the beginning of the end for the pumpkin spice market—sales are down again for the second consecutive year

The seasonal beverage is here early, and it’s because social media is now driving the trend, one expert argues.

Fortune

XRP has erased almost all of its gains following the landmark SEC v. Ripple ruling. What happened?

The cryptocurrency doubled in value and then almost halved in price in just one month.

Fortune

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Fortune

Last year, Lyft was ‘fully flexible.’ Now, its new CEO demands an office return

“It’s going to be super fun, I hope,” David Risher tells Fortune of Lyft’s new hybrid work plan.

Fortune

Our old fridges and air conditioners are still emitting super pollutants–and their climate impact is equal to the emissions of the entire country of Switzerland

The world has successfully phased out ozone-depleting substances–but researchers found high levels of 5 kinds of super pollutants.

Fortune

Stitch Fix shows limits of consulting-to-CEO pipeline

Consultants can make good CEOs—with some operational training first.

Fortune

Cathie Wood swoops in for Dutch payments company shares right after its $20B market wipe-out

The investment firm has held a stake in Adyen since 2019, and following the additions, ARK's stake in the payments processor is now worth $14.5 million.

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Fortune

YouTube's digital fingerprinting tool has a new mission: A.I. generated songs

YouTube's Content ID system was built after the site was sued for $1 billion by the music industry. Now it could be the music industry's best hope against the A.I. threat.

Fortune

Web3 app Friend.tech lets influencers literally cash in on their follower counts

The app, which debuted in closed beta earlier this month, has already generated tens of millions of dollars in fees.

Fortune

IBM CEO who plans hiring pause for 7,800 jobs due to A.I. says the world will be worse without the technology. 'Otherwise quality of life is going to fall'

IBM CEO Arvind Krishna says A.I. will help keep worker productivity high, even as demographic trends point to a shrinking workforce.

Evening Standard

X, formerly Twitter, plans to hide headlines from news stories on its feeds

Elon Musk said the removal of text from news links ‘will greatly improve’ the platform’s aesthetic

Fortune

Gen Z’s approach to work might not be that different after all

Stereotypes about Gen Zers abound–but the CFA Institute's Graduate Outlook Survey shows Gen Z's aspirations are fairly standard.

Fortune

The top 100 bosses in the U.K. scored a pay hike of over $600k last year—the highest in six years

Among the highest paid CEOs were pharmaceutical giant AstraZeneca’s chief Pascal Soriot, with £15.3 million ($19.6 million), and defense company BAE Systems CEO Charles Woodburn, who earned £10.7 million ($13.7 million).

Fortune

The Cotopaxi co-founder's leap of faith: Why Davis Smith stepped down as CEO and moved to Brazil

The values that led Davis Smith to start 'Gear for Good' company Cotopaxi are now propelling him on a mission for the Church of Latter Day Saints.

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