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The Latest Breaking News from Fortune

How companies are punishing work-from-home holdouts

Gone are the encouraging incentives of 2022. Employers like Bloomberg are cracking down on employees who don’t return to the office.

Fortune

America only had a handful of billionaires 40 years ago. We’re now creating ‘centibillionaires’–and unless we tax them, trillionaires

Taxing income from wealth at the same rate as income from work would be a critical step in the right direction.

Fortune

'We’re prisoners': 3% mortgage rates are a blessing and a curse

“I want my baby to have more space to run around…[but] it kind of leaves you a little stuck"

Fortune

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Google's Bard misinforms users 8 out of 10 times without disclaimers and often conveys 'harmful narratives' when prompted, research group finds

A new study found that Google's Bard chatbot tends to endorse prompts about widely-known conspiracies and inaccurate facts, if those prompts asked the chatbot to role play or imagine.

Fortune

Why the biggest players in crypto are worried about Adrienne Harris

The New York bank regulator plays a pivotal role in punishing bad actors and licensing legitimate businesses.

Fortune

Morgan Stanley analysts forecast something ‘worse than in the Great Financial Crisis’ for commercial real estate

Over $1.4 trillion of CRE mortgages have to be refinanced in the next two years, and a huge amount is owed to regional banks, Morgan Stanley says.

Fortune

Some Apple workers are facing a choice: reapply for their job or get laid off

Apple has so far avoided mass layoffs. Now it’s eliminating corporate retail jobs across its development and preservation teams.

Fortune

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Pepsi's CHRO says giving 20% of employees special treatment is crucial for its future

Treat your high-potential employees like corporate assets, says Pepsi’s CHRO Ronald Schellekens in a recent Fortune Connect panel.

Fortune

Fortune drops its second-ever NFT cover—one that tells a very different story about crypto

Fortune is launching its second crypto-themed magazine cover, which was drawn by a young Panamanian artist and will be minted as an NFT.

Fortune

LayerZero Labs valued at $3B after $120M funding round

Its latest funding round is one of the largest for a crypto company in 2023.

Fortune

Saudi Arabia discloses investment in dozens of VCs

Saudi Arabia has invested in technology and other sectors in a bid to diversify the country’s economy away from oil.

Fortune

Cisco’s CEO says communication is key to leading the ‘Best Company’ through the ‘worst thing’

Fortune’s Best Company to Work For for the third consecutive year aims for honesty and transparency even when delivering tough news, like recent layoffs.

Fortune

How the 100 Best Companies to Work For reflect the ever-changing working world

They're physically changing office layouts, offering flexible scheduling options to level the playing field, and more.

Fortune

Fortune’s 2023 100 Best Companies to Work For boast productivity growth that dwarfs the averages

In a world where talent drives value, the list has increasingly become a tool for sorting out the best companies…period.

Fortune

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Fortune

The banking crisis has a silver lining. Businesses might actually start protecting their cash

Humans are naturally quite bad at projecting risk. We rarely think about what might happen if there is a sudden ban run and our deposits are in peril.

Fortune

Bank failures likely to ‘exacerbate the existing liquidity crunch’ within the commercial real estate market

Experts in the commercial real estate space didn't mince words when speaking with Fortune: Buckle up, they say, for more CRE defaults.

Fortune

Former FTC chair urges agency not to tarnish a bipartisan legacy from Reagan to Obama: ‘We can’t ignore the last 40 years of antitrust based on protecting consumers’

Fromer FTC chair and law professor Timothy J. Muris critiques the FTC's new enforcement approach for breaking with precedent.

Fortune

The city that pioneered electric scooters will take them off the street—and big rental operators are fuming

Lime, Dott, and Tier Mobility SE all said they believed Paris officials deliberately designed a referendum that seemed guaranteed to result in a ban.

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Exclusive: Female founders navigated a tough 2022 market, but saw funding fall only 28% compared to a 37% average

Female founders aren't immune to the economic climate, but they're resilient.

Fortune

Digital assets platform Bakkt completes acquisition of Apex Crypto

The deal is for $55 million in cash as well as $100 million in stock.

Fortune

U.S.-China tension is a C-suite hot topic

The growing animosity between the U.S. and China continues to be a hot topic in C-suites and board rooms.

Fortune

Energy analysts have been making gaseous calls since Russia invaded Ukraine. It's time to clear away the smoke of economic groupthink

Yale's Sonnenfeld and Tian call out a year of bad energy calls.

Fortune

The secrets to longevity that help residents of America’s only blue zone city live healthier and longer lives

In America's only blue zone, it's not only about exercise and diet. Residents treat their neighbors like family.

Fortune

High-end realtors of Los Angeles on why the mansion tax is fundamentally misguided

From Selling Sunset to Million Dollar Listing, the real-estate stars of Hollywood are sticking up for the 7-digit income bracket.

Fortune

Binance, CZ, and NBA star Jimmy Butler and other crypto influencers hit with $1B suit for promoting unregistered securities

The suit alleges Binance traded cryptocurrencies that are unregistered securities, and that influencers promoted them unlawfully.

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