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The Latest Breaking News from Fortune

The Western housing market recession hit so hard and fast that a Fortune 500 firm that was riding high at $34 per share has crashed to $1

"They [Opendoor] are taking huge losses, and as buying agents, we are all testing their pain threshold" says Chris Davis, a real estate agent in Phoenix.

Fortune

Homebuyers are saving thousands by talking their way into mortgage rate buydowns. Here’s how to do it

Rate buydowns are more "likely when you’re [looking into] a house that’s been on the market for a little bit" says Carol Walsh, a California-based agent

Fortune

Snapchat just announced a bunch of changes to win the creator war

The social media company wants to create more "homegrown" viral stars, but the move raises privacy concerns.

Fortune

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Stablecoin legislation punted again as Republicans and Democrats butt heads: ‘We’re starting from scratch’

A bipartisan hearing devolved into uncertainty over regulation for the volatile sector.

Fortune

Ukraine says Shell is taking 'blood money' from a Russian energy company

Ukraine officials accuse Western energy companies of profiting from the war, and have ideas for how to fix it.

Fortune

Credit scoring is pseudoscience–and it perpetuates the consequences of slavery and segregation

Instead of removing race from lending, credit scores have become a direct proxy for it, write Rev. Dr. Bernice King and Ashley Bell.

Fortune

Can A.I. learn common sense?

Yejin Choi highlighted A.I.'s risks and flaws at TED.

Fortune

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Johnson Controls CEO: ‘Humanity has 7 years to cut global emissions by half–but we can decarbonize buildings ahead of schedule’

Buildings are responsible for 40% of global emissions–but we know how to decarbonize them profitably, writes Johnson Controls CEO George Oliver.

Fortune

A short-seller just went after the fintech company Ryan Reynolds has a stake in—and it's not the first time

The short-seller said in its latest report that Canadian payment company Nuvei was not being upfront about the nature of Reynolds's investment.

Fortune

Tiny stressors, major impact: how to keep 'microstress' from wrecking your health and happiness

If you’re experiencing dozens of microstressors per day, the cumulative impact can be catastrophic.

Fortune

$100,000 is no longer a dream salary for millennials as they feel the middle-class squeeze

The American dream is a lot more expensive than it used to be. “I thought there’d be a huge pile of money in my checking account,” says one worker of her first $100,000.

Fortune

I'm a CEO in the booming EV space–and the son of a union electrician. Here’s why I give stock options to the army of workers who install charging stations across America

Building EV infrastructure is not only about sustainability. It's also about creating new, rewarding job opportunities.

Fortune

Unchained Capital, a Bitcoin lender and custodian, raises $60 million following competitors' collapse

The Bitcoin financial services firm is one of the few lenders to escape 2022 comparatively unscathed.

Fortune

Kraken secures license in Ireland as U.S. crypto companies look abroad for 'clarity'

Paris and Hong Kong are two cities that have been especially attractive for digital assets firms.

Fortune

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Alludo CEO Christa Quarles says her 'leadership by haiku' style breeds creativity and innovation

She says working within constraints—like those of a haiku—focuses teams on the objectives at hand.

Fortune

Are return-to-office mandates working? Most companies don’t know how to measure it

Several hard-to-measure metrics are important for an organization’s culture and talent management, according to 'office whisperer' Gleb Tsipursky.

Fortune

To understand why America’s lead in tech and innovation is eroding, look at China’s investment in women inventors

The need for change is as much about economic and technological competitiveness as it is about equality and righting historical wrongs.

Fortune

Netflix cofounder Reed Hastings’ post-retirement project: Powder Mountain, the stalled Utah ski resort once hyped as a utopia for founders and billionaires

The multibillionaire seems to have abandoned the utopian vision laid out by the 20-something founders of Summit Powder Mountain a decade ago.

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Fortune

Biden’s big manufacturing incentives are starting to have a big impact

President Joe Biden’s big spending packages for American industry are starting to have an impact.

Fortune

After he sold his company for over $1 billion, Ryan Reynolds' investing spree continues with a fintech company that has ties to Binance and DraftKings

The actor has invested in a gin company, mobile network and more. Reynolds says he likes less-glamorous, yet important projects with his marketing firm.

Fortune

Boeing CEO Dave Calhoun has charted a path back to profitability–but ongoing supply chain issues seem plane crazy

Calhoun has gotten the company back on track–but the specter of persistent supply chain woes means more turbulence could be on the horizon.

Fortune

Tesla factory workers in Shanghai urge Elon Musk U-turn on bonus cuts

One worker said they were “shocked and disappointed” after staff bonuses were reportedly cut following a fatal workplace accident.

Fortune

How Yishan Wong rose to become Reddit CEO

Yishan Wong talks Fortune through his résumé including the advice former boss Mark Zuckerberg gave him at Facebook, and nearly founding WeWork before WeWork.

Fortune

Institutional homebuyer Yieldstreet hasn’t bought any homes this year. Here’s why they refuse to jump into the housing market right now

"I don't think [house] prices have bottomed yet," says Tejas Joshi, director of single-family residential at Yieldstreet.

Fortune

Americans are in the era of quiet ambition

Americans are leaning out of the grind as they reimagine their relationship to work and redefine what success means to them.

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