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The Latest Breaking News from Fortune

The banking crisis was ‘not a systemic event,’ it only affected ‘dumb and greedy institutions,’ according to famed short seller Jim Chanos

Chanos pinned the blame for SVB's collapse on the bank's leadership, while arguing the bank's issues aren't widespread. But that doesn't mean stocks are safe, he warned.

Fortune

America’s $52 billion bet on the chips race can’t succeed without small-business innovation

Biden's CHIPS Act doesn't stipulate a role for SMBs–and their innovations are dying or getting scooped up by countries like China.

Fortune

The 5 most dreaded job interview questions—and how to answer them

Hearing the words "tell me about yourself" in a job interview might be a nightmare scenario for some jobseekers—but experts say it needn't be.

Fortune

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How to protect your home–and your wallet–against natural disasters

Earthquakes, tornados, floods, and fires: Often, the less obvious risks cause the most damage to our homes.

Fortune

White men are still dominating the networking game

Workers of color and women have made inroads in networking, but gaps still persist.

Fortune

Adidas backtracks after fighting against Black Lives Matter’s merch designs

The sportswear giant U-turned 48 hours after asking officials not to approve the activist group’s trademark application.

Fortune

'I can't just be on the sidelines': Gen Z founders raised over $2 million to grow music therapy platform and tackle the youth mental health crisis

Music can help promote relaxation and improve focus by allowing the brain to pivot attention to the frequency of the beats.

Fortune

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We asked Google's A.I. chatbot 'Bard' basic SAT questions and it would flunk a real exam

Unfortunately for Google, it looks like Bard won't be making it to Harvard just yet.

Fortune

Professor behind EigenLabs gets $50 million funding, promises to upgrade Ethereum network

The firm says that its flagship product, EigenLayer, will make Ethereum more “programmable” and “flexible.”

Fortune

With techno-nationalism on the rise, the world needs a peaceful NATO for science and technology

The U.S. should lead a coalition of nations and global talent for innovation that is open, democratically governed, and equitable.

Fortune

How a TikTok ban would impact businesses

With over 1 billion monthly active users on TikTok, concerned CEOs and small business owners tell Fortune how their reach and revenue would be hit by a ban.

Fortune

Homes are less affordable than at any time since 2008

According to the Federal Reserve Bank of Atlanta, the pandemic has coincided with a historic deterioration in housing affordability.

Fortune

As another Fed official rips the 'textbook case of mismanagement' at SVB, he's also turning the mirror on his own failures

The Fed's vice chair for supervision, Michael S. Barr, says he is “committed” to finding “any supervisory or regulatory failings” that led to SVB's collapse.

Fortune

A recession in 2023 is now inevitable. Layoffs in tech and finance will spread to other sectors

Don't let a seemingly strong jobs market fool you–the data today is reminiscent of the early days of past recessions, according to Murray Sabrin.

Fortune

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Fortune

SVB staff claim they got up to 50% of their salaries in company equity —now some may have lost millions in its collapse

Staff had to be reminded to eat as they worked tirelessly to support their clients, an SVB employee has said.

Fortune

Delta passenger arrested for opening plane door then escaping down inflatable slide as plane prepared for takeoff

The airline said the flight to Seattle was interrupted by an “unruly passenger.”

Fortune

Elon Musk is hunting down a leaker who posted classified codes online

Executives at Twitter leading the hunt for the perpetrator fear the leak could bring down the entire platform.

Fortune

High rates, investor-friendly deals, and bad news for regional hubs: What the end of the bull run means for venture capitalists and entrepreneurs

Several regional markets were on the rise prior to the market slowdown–things will change, says EY's U.S. venture capital leader Jeffrey Grabow.

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Fortune

When Credit Suisse ruled the IPO game

In the '90s, Frank Quattrone put Silicon Valley—and Credit Suisse—on the map.

Fortune

Americans don't assume moms will stay home with their kids, but the gender pay gap, motherhood penalty, and childcare crisis makes it hard for them to keep working

A lack of childcare is keeping parents out of the workforce. But what's driving the conversations around who stays home with the kids?

Fortune

How Credit Suisse redefined the IPO market during the Dot-Com boom—then lost its grip and spiraled into scandal

In the glory days of Credit Suisse, investment banker Frank Quattrone helped put Silicon Valley on the map.

Fortune

As TikTok battles to remain in the U.S., it’s offering creators ‘free exposure’ in exchange for becoming the faces of company marketing

It remains under how and where this content is distributed.

Fortune

Twitter employees woke up to a 2:30 a.m. email from Elon Musk. 'The office is not optional'

The billionaire is upset that Twitter's San Francisco offices were a ghost town on Wednesday, despite rolling out a return-to-office mandate last November.

Fortune

Tim Cook called remote work 'the mother of all experiments.' Now Apple is cracking down on employees who don’t come in 3 days a week, report says.

It's been a big shift from the summer of 2022.

Fortune

Apps, crypto, and even Starbucks cards: Deposit fragmentation has been on a decade-long mission to bring down banking–and it’s not done yet

Even retail apps like Starbucks, Chick-fil-A, online gaming apps, and many others are siphoning funds away from traditional banks.

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