Older millennials are in ‘a constant perpetuating state of playing catch up,’ making them the most financially stressed of any age group (fortune.com)
Russian rouble briefly returns to ‘laughing stock’ level that prompted emergency interest rate hikes last time (fortune.com)
Jamie Dimon says the next generation of employees will work 3.5 days a week and live to 100 years old (fortune.com)
Hedge fund billionaire Bill Ackman ‘absolutely’ would consider Elon Musk’s X for his new investment vehicle (fortune.com)
Sam Bankman-Fried will have to face FTX victims at his upcoming trial, including a man in Ukraine who lost nearly everything (fortune.com)
Bosses are getting Gen Z’s skills deficit all wrong: The generation says its hard, not soft, skills they need to learn (fortune.com)
BlackRock’s Larry Fink has called on leaders to inject more ‘hope’ into the economy to prevent a self-fulfilling recession (fortune.com)
Costco sparks a frenzy as its new gold bars disappear within hours of being stocked: ‘A true you snooze, you lose’ (fortune.com)
Deutsche Bank studied 34 past U.S. recessions to identify key warning signs and found that all 4 are flashing red right now (fortune.com)
The economist who’s been predicting a recession for 18 months says the ‘litmus test’ is finally here, especially with oil headed toward $100 a barrel (fortune.com)
Goldman Sachs says the odds of a government shutdown are now 90%—and it could last two to three weeks (fortune.com)
Jamie Dimon says Americans should stop thinking of China as ‘a 10-foot giant’—and warns geopolitical tensions are the biggest threat to the world economy (fortune.com)
The S&P is heading below 3,000. Basic math (and a metric beloved by famed economist Robert Shiller) suggests it (fortune.com)
Jamie Dimon says Americans are on an economic ‘sugar high’—and he’s urging clients to batten down the hatches and prepare for rates to hit 7% (fortune.com)
Wall Street’s most powerful woman has a message for Citigroup staff resisting the company’s overhaul: ‘Get on board or get off the train’ (fortune.com)
The lesson in Rupert Murdoch’s retirement? Get ready for the 100-year-old CEO (fortune.com)
Bill Gates gets real about climate change: Planting trees is ‘complete nonsense’ but the end of the oil and gas era is finally in sight (fortune.com)
Escalating scandal grips airlines including American and Southwest, wreaking havoc on flight delays and cancellations as nearly 100 planes find fake parts from company with fake employees that vanished overnight (fortune.com)
Sam Bankman-Fried can’t catch a break: Judges reject 7 proposed witnesses and refuse his release before trial (fortune.com)
Amazon Prime to streaming customers: pay $2.99 per month or go back to watching commercials (fortune.com)
Putin’s war machine risks running out of fuel, so Russia is banning the export of gasoline and diesel (fortune.com)
Nearly half of workers regret taking a job within a week of starting it. Many of them have cried about it (fortune.com)
General Motors and Chrysler maker Stellantis blame UAW strikes for fresh layoffs as new walkouts edge closer (fortune.com)
Zillow once again shifts its 2024 home price forecast. Here’s why (fortune.com)
Chevron CEO says we’re headed for oil at $100—but is confident we can handle it (fortune.com)
August cyberattack could result in Clorox wipe shortage, company warns (fortune.com)
Wall Street’s Dr. Doom is sounding downright sunny as he predicts a ‘short and shallow’ recession or even no recession at all instead of the epic collapse he saw in 2022 (fortune.com)
Sam Bankman-Fried believes he is one of the ‘most hated people in the world’ as documents reveal his justification for FTX crash (fortune.com)
UAW boss says workers shouldn’t accept lower wages so ‘greedy people like Elon Musk can build more rocket ships’ (fortune.com)
It’s baby boomers’ world. Millennials and Gen Zers fear for their financial future because they’re still living in it (fortune.com)
Marc Benioff drops a bomb after calling Salesforce workers back to their desks: ‘I don’t work well in an office—it just doesn’t work with my personality’ (fortune.com)
SoftBank left millions on the table in Arm IPO in order to get a win for boss Masayoshi Son after a years-long string of losses (fortune.com)
Salesforce CEO Marc Benioff is hiring again–with a particular focus on ‘boomerang’ employees: ‘It’s okay, come back’ (fortune.com)
CEO paid more than Apple’s Tim Cook last year—and Harvard Law’s youngest-ever graduate—unexpectedly leaves his $110 million gig (fortune.com)
Mike Bloomberg might actually have a point with his absurd claim that remote workers are all playing golf every Friday (fortune.com)
Wall Street’s most powerful woman shakes up Citibank in bid to narrow gap with rivals: ‘We’ll be saying goodbye to some very talented and hard-working colleagues’ (fortune.com)
Chuck Schumer says he asked Musk, Gates and others about whether to regulate AI: ‘Every single person raised their hands’ (fortune.com)
During ‘the most concentrated pain’ in his life, Elon Musk saved Tesla and created ‘the algorithm’ that would become his manufacturing and management philosophy (fortune.com)
Over the past few weeks, MGM and Caesars were both hacked by one of the most ‘aggressive threat actors’ targeting the U.S. (fortune.com)
How Musk and Bezos first met, with an insulted Elon inviting himself to tour Blue Origin (fortune.com)
Australian real estate tycoon wants to ‘kill’ the attitude where ‘employees feel the employer is extremely lucky to have them’ (fortune.com)
Housing affordability is so strained that 2 in 5 Gen Zers say they are working side hustles to save for a down payment (fortune.com)
Elon Musk’s Dojo supercomputer added $70 billion—the value of BMW—to Tesla’s market cap. So what exactly is it? (fortune.com)
What to know about the UAW auto workers strike against GM, Ford and Stellantis that could paralyze the U.S. auto industry this week (fortune.com)
Brian Chesky says Airbnb’s successful IPO was ‘one of the saddest periods’ of his life—then Barack Obama gave him one piece of advice (fortune.com)
San Francisco’s ‘real estate apocalypse’ has the attention of billionaire MacKenzie Scott—just look at her latest donation (fortune.com)
Tesla’s market value could surge by $500 billion because of its Dojo supercomputer, Morgan Stanley says (fortune.com)
Elon Musk and Tesla poised to benefit from ‘highly likely’ UAW strike against Detroit’s Big 3 automakers—and the timing is just right (fortune.com)
Elon Musk is a ‘jerk’ but was a ‘talent magnet’ for OpenAI early on, admits Sam Altman—who now faces direct competition from him (fortune.com)
A.I. tools fueled a 34% spike in Microsoft’s water consumption, and one city with its data centers is concerned about the effect on residential supply (fortune.com)
Saudi Arabia is squeezing the oil market just as consumption surges: ‘The Fed may have to react’ (fortune.com)
Sam Bankman-Fried demands pre-trial release from detention center, citing faulty internet (fortune.com)
Why ‘I quit’ comes soon after ‘you’re promoted’—and companies keep bungling the career advancement process (fortune.com)
Meme stock king Ryan Cohen is under investigation for Bed Bath & Beyond trades that netted him $60 million in 5 months (fortune.com)
Gen Z returns to office as retired boomers want to work again (fortune.com)
North America’s ranks of the ultrarich shrank 4% to $16.5 trillion amid 2022’s epic bear market—and the world actually lost ultrawealthy for the first time since 2019, study finds (fortune.com)
Retail theft has gotten so bad Walmart is building a police station inside an Atlanta store (fortune.com)
Exclusive: Elon Musk has just 40,000 paying subscribers on X, a fraction of his 155 million followers (fortune.com)
The Disney-Charter cable TV dispute could cost Disney up to $2.3 billion—it all depends on how many customers ditch cable for good (fortune.com)
A tale of 2 housing markets: The red-hot bottom and ice-cold top (fortune.com)
The Bill Gates Foundation Trust is backing Bud Light: It’s betting nearly $100 million on embattled AB InBev (fortune.com)
Dave Clark quits Flexport CEO job because founder returned (fortune.com)
A UAW strike at Detroit’s Big 3 could be a ‘nightmare scenario’ for Ford and GM, top analyst Dan Ives warns (fortune.com)
Housing market inventory is so scarce that builders will be in the driver’s seat for years to come, says KB Home’s CEO (fortune.com)
Mercedes unveils electric vehicle with longer range than any Tesla as China threat grows (fortune.com)
Diamond demand is falling so fast—courtesy lab-grown stones—De Beers is cutting some prices by more than 40% (fortune.com)
Housing market affordability is so strained that couples want down payment cash rather than a wedding gift (fortune.com)
Tesla owners are angry about buying their vehicles right before the latest big price cuts—and are letting Elon Musk know: ‘I feel completely duped’ (fortune.com)
CEO of Fortune 1000 builder: U.S. housing market bottom should hold, but if it doesn’t this key metric will warn us (fortune.com)
The cable cowboy has stuck a dagger into Bob Iger with Disney and ESPN on the ropes (fortune.com)
Millennials didn’t kill the ‘organization man’ after all. Federal data reveals it was the boomers all along (fortune.com)
Elon Musk’s ‘ruthless’ plan to close his Twitter deal early let him fire the social media company’s top execs—and stop them collecting a ‘$200 million’ payout (fortune.com)
Morgan Stanley analyst predicts S&P 500 could leap another 11% this year, boosted by gains to ‘Magnificent Seven’ stocks (fortune.com)
Exasperated judge wants any postponement request from Sam Bankman-Fried’s legal team by the end of this week (fortune.com)
Short-seller Jim Chanos called Vietnamese carmaker VinFast a $200 billion ‘meme stock’—the price collapsed hours later (fortune.com)
Legendary investor Warren Buffett is turning 93, meaning he’s earned over $3.5 million every day of his life. Here’s how much things have changed in that time (fortune.com)
Salesforce boss Marc Benioff warns he may pull headline conference from San Francisco over rampant homelessness and drug use—but he’s donating $1 million to try to help (fortune.com)
Just as China faces a Japan-style ‘lost decade,’ Japan thinks it’s near a ‘turning point’ in decades-long deflation battle (fortune.com)
Software CEO worth almost $12 billion says he goes into the office ‘about once a quarter,’ bucking the return to office trend in Big Tech (fortune.com)
Court sides with Grayscale in closely-watched Bitcoin ETF case (fortune.com)
Amazon CEO Andy Jassy’s brutal message to remote workers refusing to come back to the office: ‘It’s probably not going to work out for you’ (fortune.com)
Interns earn $19,000 monthly at finance giant Citadel. But they need some ‘exceptional’ skills to get in the door (fortune.com)
Welcome to the ‘nepo’ housing market: 40% of homebuyers under 30 get family money to cover their down payment (fortune.com)
Billions of dollars are flowing out of Chinese markets in a ‘seismic’ change in capital flows despite a flurry of actions to shore up confidence (fortune.com)
‘The dynamics of the downtown San Francisco market have changed dramatically’: Nordstrom is bailing on a flagship store that’s 35 years old (fortune.com)
France spending $215M to distill wine into ethanol as demand drops (fortune.com)
Tesla rival Xpeng kills two birds with one stone by inking deal with China’s ride-hailing giant Didi (fortune.com)
Zillow is a full-blown housing market bull—predicting that U.S. home prices will jump 6.5% by July 2024 (fortune.com)
Gen Z’s FOMO is driving them to trade more than any other generation. Are they securing their future—or driving themselves to ruin? (fortune.com)
Remote workers are treating their jobs like gig-work, and it’s turning them into the most disconnected employees (fortune.com)
China’s $18 trillion economy has indigestion—and the factory of the world could export its deflation and growth problems globally (fortune.com)
Vishal Garg, the CEO who mass-sacked employees over Zoom, suffers epic SPAC disaster as Better.com shares nosedive over 90% (fortune.com)
Peloton stock is plunging after a massive recall and fears the $2,500 bikes will keep falling apart (fortune.com)
Nike’s stock is on its biggest losing streak since the apparel giant’s IPO in 1980—wiping out $13 billion in market value (fortune.com)
The experience-hungry American consumer is already crashing the economy into a ‘rolling recession,’ Oxford Economics says (fortune.com)
Housing market affordability is worse now than at the height of the housing bubble in 2006 (fortune.com)
Elon Musk plans to remove headlines from news articles shared on X (fortune.com)
Mark Zuckerberg’s new ‘in-person time policy’ will crack down on Meta’s remote work rebels (fortune.com)
Institutional buyers won’t stay on the housing market sideline forever: ‘this is temporary’ (fortune.com)
Mark Cuban rejected an offer to make a $250,000 investment in Uber that’d now be worth $2.3 billion (fortune.com)
Legendary investor Ray Dalio has always been a fan of China—but even he says it’s ‘overdue’ a debt shake-up (fortune.com)
Crypto sell-off intensifies, with XRP, Litecoin, and Bitcoin Cash among the hardest hit (fortune.com)
No, Elon Musk didn’t spark the Bitcoin sell-off (fortune.com)
The workplace has finally reached a new normal, says the guru of remote work: Return to office data is as ‘flat as a pancake’ (fortune.com)
Linda Yaccarino said X has never been safer—but major brands are pulling advertising after posts appeared beside pro-Nazi content (fortune.com)
Millennials are so worried about their finances that they’re falling into a depression (fortune.com)
The world’s biggest single investor in the stock market returned $143 billion in the first half of the year thanks to A.I. and tech (fortune.com)
A BRICS currency replacing the dollar is a ‘ridiculous’ idea, says the top economist who named the group—unless China and India become allies (fortune.com)
‘The Big Short’ investor Michael Burry is betting against both the S&P 500 and Nasdaq 100—and pulling back from China (fortune.com)
Warren Buffett just made a big bet on the U.S. housing market (fortune.com)
BlackRock expects economy to flatline for a year before inflation returns in 2024. Get ready for a generational shift to ‘full-employment stagnation’ (fortune.com)
Philips gets $2.84 billion boost from the billionaire family that controls Ferrari and Juventus (fortune.com)
Housing market outlook: Where to expect mortgage rates in 2024, according to 8 leading research firms (fortune.com)
All boomers need to feel ‘wealthy’ is financial security. The bar is way higher for Gen Z (fortune.com)
Paul Graham calls A.I. ‘the exact opposite of a solution in search of a problem’ (fortune.com)
The Chicago school economist who warned years ago of America’s ‘business dynamism’ fading still sees ‘something broken in the background’ (fortune.com)
This institutional homebuyer has completely stopped buying—why the 2023 housing market has Wall Street types timid (fortune.com)
Meet the six-figure earning workers with millions in assets who plan to die with nothing in the bank (fortune.com)
‘My work can be flexible, my son’s routine is not’: Meet the ‘dead zone’ workers killing management’s attempts to return to pre-pandemic 9 to 5 grind (fortune.com)
Goldman Sachs CEO David Solomon is accused of ‘blatant ignorance and disrespect’ by students at his alma mater (fortune.com)
A real estate billionaire said Fridays are ‘dead forever’ for offices and remote work guru Nick Bloom says he’s right—it’s part of a new 3-part week (fortune.com)
Linda Yaccarino celebrates her first public victory as X CEO by reviving an advertising council Elon Musk disbanded (fortune.com)
Amazon’s RTO saga continues as employees get an email scolding them for not showing up to the office—even though they did (fortune.com)
Morgan Stanley just compared the ‘bubble-like euphoria’ over A.I. to the investing manias of the past century. The lesson for investors: Don’t ‘rush in’ (fortune.com)
With Chinese real estate in crisis, market waits for tycoon Yang Huiyan to dip into her $5 billion fortune to prop up Country Garden (fortune.com)
Sad Elon Musk killed off the Twitter brand? Here’s your chance to grab the last blue bird memorabilia as billionaire auctions off everything—including a sign that’s still bolted down (fortune.com)
WeWork’s ‘going concern’ language shows the office culture of the 2010s is dead—even if the office provider survives into the hybrid era (fortune.com)
Cash-strapped Americans are being forced to dip into their 401(k) retirement plan to make ends meet (fortune.com)
Biden’s $52 billion bet on chips has a big problem—American semiconductor firms take twice as long to hire as anyone else (fortune.com)
Amazon in talks to invest in chip designer Arm as part of a blockbuster IPO (fortune.com)
UPS drivers’ new $170k per year deal shows that unions (and Joe Biden) may just save the middle class after all (fortune.com)
China’s record high 21% youth unemployment could actually be as high as 46.5%. Blame fake jobs and 16 million workers ‘lying flat’ (fortune.com)
Wall Street’s top strategist warns ‘excessive’ government spending could be fueling a ‘boom-bust’ scenario in the stock market (fortune.com)
The housing market’s seller strike is so ruthless that only 7 of the nation’s 200 largest markets are back to pre-pandemic inventory levels (fortune.com)
Forcing workers back to the office may be backfiring: Flexible workplaces are hiring talent twice as fast as those requiring full-time attendance (fortune.com)
Zoom cashed in on work from home—but even they are telling employees to return to the office now (fortune.com)
‘We repeated ignition’: Lab behind nuclear fusion breakthrough duplicates success after months of near-misses (fortune.com)
Warren Buffett is trying to tell us something about the economy with Berkshire Hathaway’s earnings and the $147 billion of cash on hand (fortune.com)
Elon Musk vows to fund legal bill of X users who face employer discrimination due to ‘posting or liking something on this platform’ (fortune.com)
Home price data: These 10 housing markets are up the most—these 10 are down the most (fortune.com)
The hedge fund titan who’s been watching for ‘black swans’ for decades says the ‘greatest credit bubble in human history’ is set to pop—but he’s not worried (fortune.com)
Remote work is killing productivity, the experts and CEOs say—except it just surged the most in nearly 3 years (fortune.com)
Billionaire Ray Dalio says the $73 trillion great wealth transfer isn’t just from boomers to millennials—it’s from the government to you and me (fortune.com)
Billionaire investor Ray Dalio says the Fed’s measures haven’t slowed consumers down and the government is paying the price (fortune.com)
Even one of Wall Street’s staunchest bears, Morgan Stanley’s Mike Wilson, says the stock market ‘pivot rally’ may go higher (fortune.com)
Tech worker goes viral after listing all past and current salaries on LinkedIn—but experts warn that may work against you (fortune.com)
Elon Musk says San Francisco’s ‘doom spiral’ isn’t enough to force him to move Twitter’s HQ—but he’s getting a lot of good offers (fortune.com)
Novo Nordisk developed Ozempic and started a weight-loss revolution. Its next moonshot is eliminating obesity altogether (fortune.com)
Soft landing euphoria on Wall Street has analysts worried: ‘There is a ‘CPI-mission accomplished’ state of mind among many investors at this point, and it’s not the case’ (fortune.com)
Zillow is so sure that U.S. home prices have bottomed that it just issued bullish calls for these 48 housing markets (fortune.com)
Ford expects to bleed $4.5 billion on electric cars this year, but it makes enough on everything else that it might not matter (fortune.com)
Inside Illumina’s $8 billion deal that spurred a proxy fight with Carl Icahn and the ouster of 2 prominent Black Silicon Valley executives (fortune.com)
As the opioid epidemic worsens, recovery-friendly policies are the next frontier in workplace inclusion (fortune.com)
Elon Musk swipes coveted @x handle from Twitter user for his rebrand, offering only some merch as compensation for the lucrative account name (fortune.com)
Passionate Elon Musk employees are coating the Twitter offices in black paint, and boasting about ‘hunting’ and eradicating remnants of the Twitter Bird (fortune.com)
Housing market deep freeze: The Fed successfully froze U.S. home prices for one year (fortune.com)
Wall Street’s top strategist admits he ‘was wrong’ about a plunge in U.S. stocks as the S&P 500 is close to erasing 2022’s decline (fortune.com)
The end of dieting: WeightWatchers and Noom are now pushing Ozempic-like miracle drugs over willpower (fortune.com)
Robert Shiller—who called the 2008 housing bubble—thinks he knows how the housing market will exit its latest period of exuberance (fortune.com)
How Marc Andreessen uses ChatGPT to prepare his son for the A.I. future: ‘It will have grown up with him’ (fortune.com)
Delta boss to CEOs griping about employees not returning to the office: ‘They’re on my planes’ (fortune.com)
Commercial real estate expert calls vacant office space ‘staggering,’ warns ‘we’ve never gone through something as tumultuous as this’ (fortune.com)
The housing market’s ‘lock-in effect’ is very real—just look at this map (fortune.com)
Trouble awaits Florida’s housing market as the state just lost another home insurer (fortune.com)
Amazon’s return to office means relocating some remote workers who moved away, sources say (fortune.com)
America has avoided a recession. But don’t thank the Fed—thank the corporate sector, says top strategist (fortune.com)
Billionaire Barry Sternlicht on the ‘category 5 hurricane’ hitting office buildings: Some will become parkland, ‘Maybe fields of grain or something. It’ll be very pretty’ (fortune.com)
Sam Bankman-Fried’s brother planned to buy the island nation of Nauru with FTX funds to build an apocalypse bunker, new lawsuit alleges (fortune.com)
5 reasons why Tesla stock is worth just $26 per share, according to New Constructs’ David Trainer (fortune.com)
Microsoft’s stock has risen almost 1,000% since Satya Nadella became CEO in 2014, netting him a reported $1 billion in compensation (fortune.com)
Elon Musk says Tesla will spend $1 billion to build a ‘Dojo’ A.I. supercomputer—but it wouldn’t be necessary if Nvidia could just supply more chips (fortune.com)
Six-figure bosses—not Gen Z—are leading the resistance to the 5-day office week (fortune.com)
Over just a few months, ChatGPT went from correctly answering a simple math problem 98% of the time to just 2%, study finds (fortune.com)
Loan officer: I’m seeing middle class homebuyers take on $7,000 mortgages thinking they can ‘always refinance when rates come down in the future’ (fortune.com)
Exclusive: Databricks wasn’t looking to buy, and MosaicML wasn’t selling. How two CEOs navigated a blockbuster $1.3 billion A.I. deal (fortune.com)
A.I. experts downplay ‘nightmare scenario of evil robot overlords’. Over 1,300 sign letter claiming it’s a ‘force for good, not a threat to humanity’ (fortune.com)
Office real estate values are moving down so fast that banking giants like Wells Fargo are already bracing for losses (fortune.com)
Netflix is reporting earnings at the most fascinating possible time for the future of streaming and Hollywood (fortune.com)
Developer at the heart of China’s ongoing property crisis lost $81bn in the past two years—more than Google or Microsoft’s entire 2022 profit (fortune.com)
Here’s how much you’ll owe in taxes if you win the $1 billion Powerball jackpot (fortune.com)
Tesla’s board will return $735 million in stock and cash to settle claims directors were grossly overpaid (fortune.com)
Stocks will hit a record high by the end of 2024 as the bull market that began in October rages on, veteran market watcher says (fortune.com)
‘We definitely think the office sector is crashing’: Inside an economist’s stunning prediction of a 35% price decline in 3 years and slow 17-year recovery (fortune.com)
A fight erupts in U.S. housing market as deteriorated affordability clashes with the ‘lock-in effect’ (fortune.com)
Marc Benioff says downtown San Francisco is ‘never going back to the way it was’ as experts grapple with turning around the ghost town (fortune.com)
Coinbase, Robinhood, Bitcoin miners surge as Ripple ruling bodes well for crypto plays: ‘This is a positive read-through’ (fortune.com)
Morningstar: 15 housing markets with the most correction risk—and the 15 with the least risk (fortune.com)
Tesla Cybertruck production starts in Texas—two years behind schedule and four years after Elon Musk unveiled prototype (fortune.com)
Binance reportedly lays off over 1,000 employees as top crypto exchange grapples with SEC lawsuit and looming DOJ investigation (fortune.com)
Americans are ‘hunkering down’ and buying less food as inflation bites, one grocery giant says—instead they’re raiding their freezers (fortune.com)
Bill Gates swipes at Musk’s plan for an A.I. pause as he says technology’s effects won’t be as ‘grim’ as people are predicting (fortune.com)
Financial planner to winners of tonight’s $725 million Powerball jackpot: ‘Don’t quit your job’ (fortune.com)
Jack Ma was once Asia’s richest person—but he’s lost more than half of his $61 billion fortune in the last 3 years (fortune.com)
Adam Neumann shares 2 key lessons he learned from WeWork’s crash (fortune.com)
Adam Neumann says his new company Flow, which raised $350 million from a16z, has only two choices: compete with WeWork or partner with it (fortune.com)
BofA caught opening fake accounts, withholding customer reward bonuses and 'double-dipping' on overdraft fees (fortune.com)
Jeff Bezos and Bob Iger will be joined by a new bigwig in Sun Valley this week: OpenAI’s Sam Altman (fortune.com)
Corporate raider Carl Icahn recovers $1 billion in his fortune as loan deal with big banks alleviates short-seller assault (fortune.com)
Elon Musk urges Twitter users to stick around for the laughs and occasional ‘negative stuff’ as Mark Zuckerberg’s Threads races to record signups (fortune.com)
Steve Jobs’ intern went on to sell his company to Google for $625 million—he now advises grads to pay to work for impressive people (fortune.com)
Meta and OpenAI face lawsuits from comedian Sarah Silverman and authors after their content was allegedly used to train A.I. models (fortune.com)
Morningstar makes a bold call that housing market affordability will be restored by 2025. Here’s how (fortune.com)
Americans think they need to earn $233,000 to live comfortably, and twice that to be rich (fortune.com)
New York City rips judge who freezes new law boosting food delivery pay: ‘These apps currently pay workers far below the minimum wage’ (fortune.com)
Wharton professor says ‘things that took me weeks to master in my PhD’ take ‘seconds’ with new ChatGPT tool (fortune.com)
Ant Group will buy back shares to ease investor pressure as China ends crackdown that derailed world’s biggest IPO (fortune.com)
How a 24-year-old saved enough money to buy a $250,000 house by living in a tiny home her parents built for her in their backyard (fortune.com)
UPS drivers move closer to a strike after negotiations break down at 4 a.m. amid finger-pointing fracas (fortune.com)
Bitcoin hits 14-month high after BlackRock’s Larry Fink calls it an ‘international asset’ in TV interview (fortune.com)
‘We don’t think that’s true’: Cathie Wood says BlackRock doesn’t have an edge when it comes to SEC approval for a spot Bitcoin ETF (fortune.com)
Twitter’s CEO Linda Yaccarino finally speaks four days into the platform’s meltdown: ‘You need to make big moves’ (fortune.com)
‘Huge blow for Meta’ as EU’s top court sinks legal basis for targeted advertising on Facebook (fortune.com)
Apple reportedly cut its Vision Pro headset first year production goals by more than 50% because it’s so complex for manufacturers to make (fortune.com)
A.I. hype could signal the start of the ‘fourth industrial revolution’—or it could be investor ‘FOMO’ warping the market with trillions at stake (fortune.com)
The CEO of Fortune 500 homebuilder D.R. Horton reveals how he cornered the housing market amid a historic affordability squeeze (fortune.com)
Wharton professor says employees are hiding A.I. use—and potentially transformative productivity gains—from employers (fortune.com)
Your remote and hybrid workers are really stressed—but a return to office won’t fix the problem. Becoming a better boss will (fortune.com)
Institutional firms are pulling back from the U.S. housing market—just look at Starwood’s decision to shop 2,000 single-family rentals (fortune.com)
Ford chairman says U.S. is unprepared to compete with China in electric vehicles: ‘They developed very quickly’ (fortune.com)
The world’s two richest men had lunch in Paris as Elon Musk’s grand tour of Europe continues (fortune.com)
Elon Musk ‘didn’t think anyone would actually agree’ to the A.I. pause he called for (fortune.com)
Reddit CEO defiant as moderator strike shutters thousands of forums: ‘We made a business decision that we’re not negotiating on’ (fortune.com)
A recession is ‘at our doorstep’ but investors are falling for a goldilocks scenario, Wells Fargo says. It ‘isn’t going to end all that well’ (fortune.com)
There won’t be a true recession anytime soon—but a ‘growth recession’ is still on the menu next year, BofA warns (fortune.com)
Deutsche Bank’s top minds put U.S. recession chance near 100%—and say avoiding a hard landing would be ‘historically unprecedented’ (fortune.com)
Fed Chair Powell: The U.S. housing market is ‘putting in a bottom’ (fortune.com)
Bosses are fed up with remote work for 4 main reasons. Some of them are undeniable (fortune.com)
A professor started tracking ‘Fortune 500 CEO colleges’ 20 years ago, and ‘the results were stunning.’ They haven’t stopped surprising him since (fortune.com)
Americans now think you need at least $2.2 million to be rich—but Gen Z and millennials feel the wealthiest despite cost-of-living squeeze (fortune.com)
How Binance’s ‘extensive web of deception’ could lead to DOJ charges against the world’s largest crypto exchange—and its enigmatic founder (fortune.com)
Elon Musk’s new CEO Linda Yaccarino issues first rallying cry to employees: ‘Let’s dig our heels in (4 inches or flat!) and build Twitter 2.0 together’ (fortune.com)
The 10 most cringeworthy jargon phrases you need to stop using in the office—because no one understands them anyway (fortune.com)
Morgan Stanley’s investment chief called 2022’s bear market, and he says stocks are still hibernating—he sees a 14% drop ahead (fortune.com)
SEC’s Gensler seen telling hedge funds that Ethereum and Litecoin are ‘not securities’ in 2018 video (fortune.com)
The mysterious millennial founder accused of fooling JPMorgan to the tune of $175 million (fortune.com)
Tesla set for ‘AWS moment’ as Elon Musk urges rivals to access its charging stations, technology: Dan Ives (fortune.com)
Boomers are pushing millennials out of the housing market for 3 main reasons (fortune.com)
‘It’s not even good for money laundering’: ‘Black Swan’ author Nassim Taleb lashes out at Bitcoin and says it’s ‘transformed into a cult’ (fortune.com)
Record revenues but plummeting profits: The Fortune 500 is trying to tell us something about the state of the economy (fortune.com)
Mark Zuckerberg credits Elon Musk with kicking off the tech trend of firing middle managers when other CEOs were ‘a little shy’ (fortune.com)
Robinhood to delist tokens for Solana, Cardano, and Polygon after SEC suits name them as securities (fortune.com)
Google’s union is speaking out against the company’s remote work crackdown: ‘Workers’ professionalism has been disregarded’ (fortune.com)
Oil prices sink to $70 a barrel after reports that the US and Iran might strike a huge deal for crude (fortune.com)
Google ramps up return-to-office push by using in-person attendance as part of employee performance reviews (fortune.com)
Marc Andreessen predicts that children will have their own A.I.-powered tutors with ‘the machine version of infinite love’ (fortune.com)
Cathie Wood picked up over $20 million dollars worth of Coinbase as the stock plunged after SEC charges (fortune.com)
The future of American crypto looks bleak as Gary Gensler declares war—and it could mean the end of Coinbase in the U.S. (fortune.com)
Criminal plot to sell ‘Frankenstein’ fake Speedmaster watch for a record $3 million was aided by Omega employees, watchmaker says (fortune.com)
Sam Altman says OpenAI won’t go public now because he may have to make ‘a very strange decision’ that investors will disagree with (fortune.com)
Bud Light only has a few months to prevent sustained market share loss, warns former Anheuser-Busch sales exec (fortune.com)
Amazon is unfazed by remote workers protesting its return-to-office mandate: ‘There’s more energy, collaboration, and connections happening’ (fortune.com)
A millennial family earning $170,000 who has been living ‘monk-like’ to build wealth fears a ‘pending financial storm’ of student debt and childcare (fortune.com)
This city dodged the 2008 housing market crash—now it’s the epicenter of the pandemic correction (fortune.com)
Chipmaker TSMC needs to hire 4,500 Americans at its new Arizona plants. Its ‘brutal’ corporate culture is getting in the way (fortune.com)
Elon Musk accused of insider trading (again) to rake in $124 million from Dogecoin sales by temporarily changing Twitter logo to a Shiba Inu (fortune.com)
‘Token projects have to eat that sh*t every day’: Crypto VCs face a harsh reality in the bear market (fortune.com)
Future Fortune 500 CEOs: 11 up-and-comers that leadership experts see as generational standout bosses (fortune.com)
Nvidia’s CEO just gave a graduation speech about the future of work and said that A.I. won’t steal jobs but ‘someone who’s an expert with A.I. will’ (fortune.com)
America’s national beer could soon be Mexican as Memorial Day weekend sales drop plunges Bud Light further into crisis (fortune.com)
Sam Bankman-Fried sets the stage to blame FTX’s massive fraud on a law firm’s advice (fortune.com)
Sam Altman and other technologists warn that A.I. poses a ‘risk of extinction’ on par with pandemics and nuclear warfare (fortune.com)
Tech booster Cathie Wood can’t stomach Nvidia’s soaring shares: they’re ‘priced ahead of the curve’ (fortune.com)
Plan for 30% tax on Bitcoin mining appears dead under debt ceiling deal (fortune.com)
Ex-Slack CEO Stewart Butterfield explains ‘the root of all the excess’ after tech’s over-hiring—and it’s all about prestige (fortune.com)
Nvidia CEO Jensen Huang says 2023 is a ‘perfect year to graduate’ thanks to A.I. (fortune.com)
IBM CEO Arvind Krishna points to declining populations to calm fears about A.I. taking jobs (fortune.com)
China’s ban on Micron chips is ‘economic coercion’ and won’t be tolerated, says Gina Raimondo (fortune.com)
High-school sweethearts with good jobs, a baby on the way and a $600,000 budget can’t find a house after 2 years of hunting. ‘It is just so demoralizing, depressing, and defeating’ (fortune.com)
A worker making $100,000 in this economy ‘really struggles to live the American Dream,’ SoFi CEO says (fortune.com)
Mark Zuckerberg, whose wealth has grown almost $47 billion this year, told staff to be ‘scrappier’ amid mass layoffs (fortune.com)
One of the weirdest housing markets ever—just look at these 12 maps (fortune.com)
Society’s refusal to have enough babies is what will save it from the existential threat of A.I., Eric Schmidt says (fortune.com)
Bill Gates says the winner of the A.I. race will be whoever creates a personal assistant—and it’ll spell the end for Amazon (fortune.com)
Zillow just got super bullish on these 37 housing markets (fortune.com)
Tech billionaire who spends $2 million a year to look young is now swapping blood with his 17-year-old son and 70-year-old father (fortune.com)
Uber puts its diversity head on leave after employees voice fury at events titled ‘Don’t Call Me Karen’ (fortune.com)
Linda Yaccarino says ‘game on’ as Instagram prepares Twitter clone (fortune.com)
Fannie Mae: The housing market recession isn’t over—and soon it’ll spur a ‘mild’ U.S. recession (fortune.com)
The 34-year-old CEO of P.F. Chang’s wakes up at 4 a.m. and runs 8 miles every day. Here’s the Wall Street wunderkind’s daily routine (fortune.com)
The A.I. future according to Cathie Wood: full interview (fortune.com)
Housing economist breaks down why millennials are losing out to boomers as top buyers of homes on the market (fortune.com)
‘You can’t tell me this doesn’t work’: Shark Tank’s Kevin O’Leary has ripped apart Elon Musk’s claim that working from home is ‘immoral’ (fortune.com)
Microsoft CMO tells employees the stock price is the ‘most important lever’ to get a pay raise after cashing out on $4.4 million worth of stock this month (fortune.com)
Elon Musk says the ‘laptop class’ needs to ‘get off their moral high horse’ when it comes to remote work (fortune.com)
Elon Musk has gotten over his aversion to advertising Tesla’s cars and plans to finally dabble ‘and see how it goes’ (fortune.com)
Warren Buffett dumps Berkshire Hathaway’s entire stake in TSMC after worrying about geopolitical risk (fortune.com)
The housing market correction would regain new life if the U.S. defaults, says Moody’s chief economist (fortune.com)
The $1-a-minute ‘virtual girlfriend’ bot has seen a surge in users—and a barrage of death threats against the woman the bot is based on (fortune.com)
Zillow: U.S. default would see mortgage rates top 8%, home sales plummet, and the housing market slip back into a ‘deep freeze’ (fortune.com)
Airbnb CEO Brian Chesky ‘guarantees’ many bosses calling people back to the office ‘are going away to the Hamptons for the summer’ (fortune.com)
What to expect next from the housing market (fortune.com)
Leaked email from Microsoft CEO says salaried staff will not get raises this year due to macroeconomic conditions (fortune.com)
A 23-year-old Snapchat influencer used OpenAI’s technology to create an A.I. version of herself that will be your girlfriend for $1 per minute (fortune.com)
Warren Buffett is full of praise for Elon Musk ‘solving the impossible,’ but says he and Charlie Munger look for ‘the easy job’ (fortune.com)
‘Quiet quitting’ the U.S. housing market: One group of sellers has disappeared (fortune.com)
Sam Altman shares startup rules OpenAI broke on way to nearly $30B valuation: ‘I was just sort of like, I don’t really care’ (fortune.com)
Ex-Yahoo CEO Marissa Mayer regrets her call on Netflix (fortune.com)
OpenAI CEO Sam Altman says the remote work ‘experiment’ was a mistake—and ‘it’s over’ (fortune.com)
High-yield savings account vs. CD vs. T-bill: Where's the best place to put your money? (fortune.com)
The CEO of a massive private equity firm says he knows exactly what’s going on with the ‘non-recession’ recession we’re having right now (fortune.com)