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The Latest Breaking News from Fortune

FDIC wants buyer of Signature Bank to give up crypto business, report says

The failed New York-based bank was a popular option among crypto firms.

Fortune

Arbitrum, a leading scaling solution for Ethereum, will finally have a native cryptocurrency

The long-awaited launch of the coin will further decentralize the blockchain ecosystem, says Offchain Labs, Arbitrum’s initial developer.

Fortune

Joe & The Juice aspires to be the Starbucks of juice without losing its ride-or-die culture

Working at Joe & The Juice isn't just a job, the vibrant juicery says, it's a lifestyle—and its employees have all bought in on the culture.

Fortune

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Don’t blame capitalism for America’s health care crisis. Fix the misaligned incentives that make patient outcomes irrelevant

Americans' health care is often tied to the workplace. That makes it hard for insurers to invest in a patient's long-term well-being.

Fortune

Some members of Chief, a women’s networking startup worth $1B, say the club isn’t living up to the hype

Members told Fortune that operational glitches and disagreements between Chief participants and its leaders caused them to question the club’s rapid growth, with some opting to leave.

Fortune

Why Cruise's CEO says you'll soon be riding in a self-driving car

Autonomous vehicles will overtake human-driven cars in ten years, the CEO of GM's Cruise predicts.

Fortune

After Twitter played a massive role in a historic $42 billion bank run, Elon Musk mused it was like 1929

Before Silicon Valley Bank was shut on Friday, investors discussed its health while some recommended that depositors pull their money out.

Fortune

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‘What happens to all the debt?’ Founders and VCs have a host of questions about the fate of Silicon Valley Bank’s venture loans

SVB was a prolific lender. “If it gets acquired, things could change,” one venture investor told Fortune.

Fortune

The real victims of SVB aren't the tech elite: Hardworking business owners share their horror stories of the bank's collapse

The Silicon Valley Bank bailout was not about solving a “1% problem.”

Fortune

OpenAI touts its GPT-4 'recipe for producing magic'

There's a lot the company isn't saying about the powerful new language A.I. model it just released

Fortune

‘Dr. Doom’ Nouriel Roubini warns that ‘contagion’ from U.S. banks could spread globally

“A banking crisis can morph into a debt crisis for the sovereign, in a doom loop between the banks,” Roubini told Fortune in November.

Fortune

Many Gen Zers don’t believe they need a college degree for a successful career

Gen Z would rather learn skills on the job, a new global survey from Fiverr finds. Good thing more companies are eliminating degree requirements.

Fortune

Exclusive: Amboy Street Ventures closes a $20 million fund to invest in women's health and sexual wellness

Founding partner Carli Sapir was inspired to start the fund by her own health journey.

Fortune

Bank failures could spur Congress to act on stablecoins

Digital assets chair French Hill and Circle's Dante Disparte weigh in.

Fortune

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Fortune

The SVB collapse adds financial instability to the Fed’s inflation fight. A recession may not be the worst outcome

The Fed now faces a quandary: It must fight inflation while making sure that the remedy of rising rates doesn’t further undermine financial stability.

Fortune

Bank of America has raked in $15 billion in new deposits after SVB collapse

Sources familiar with the matter say former Silicon Valley Bank customers are looking to put their money in the safest institution possible.

Fortune

The 50 Top Cardiovascular Hospitals 2023, from Fortune/PINC AI

We evaluated 937 hospitals based on mortality rates, operational efficiency, patient experience, and more.

Fortune

VCs helped bring down SVB. The bank's new CEO wants them to save it

SVB’s new CEO held calls with clients to lay out potential outcomes.

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Fortune

How CEOs are using ChatGPT across their businesses—and what they warn are the biggest risks so far

The possibility that a chatbot could throw out an inaccurate, or worse, racist response isn’t worth the risk for some.

Fortune

Walmart: ‘Technology isn’t taking over. It’s empowering our people'

In an automated world, Walmart's Chief People Office Donna Morris sees opportunities for 'people who enjoy people.'

Fortune

Morgan Stanley is testing OpenAI's chatbot that sometimes 'hallucinates' to see if it can help financial advisors

The chatbot will use OpenAI's latest GPT-4 technology to help financial advisers parse through the bank's data and research.

Fortune

I had all of my capital held up in Silicon Valley Bank as it collapsed. It showed me that the grittiest entrepreneurs will survive the VC winter

The last five years favored the best-connected startup founders. This new moment will favor the grittiest ones.

Fortune

'Nothing to do with crypto': Regulators pour cold water on Barney Frank's claim Signature Bank was targeted

The failure of the crypto-friendly bank has spurred rampant speculation.

Fortune

Researchers mostly have no idea what's contributing to the gender wage gap

Discrimination plays a role in the gender wage gap. But 70% of what's contributing to the pay gap isn't measurable, researchers say.

Fortune

The 3 mistakes companies make in trying to become purpose-driven enterprises

Some mistakes can turn the rush for purpose into fool’s gold–and badly backfire.

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