As Trump eyes a new round of major combat operations in Iran, rising oil prices and European bond contagion risk spark global stock selloff Everything you need to know before you reach the office this morning. Fortune · Oct 8
Whole Foods CEO says grocery will turn Amazon from the 'everything store' into the 'everyday store' Also: All the news and watercooler chat from Fortune. Fortune · Oct 8
Want to fix the broken university model in the age of AI? Look to tradition Colleges should stop policing AI use and start testing whether students can defend their reasoning. Fortune · Oct 8
Trump keeps changing who gets his $5,000 dividend, and only 21% of voters believe he'll actually pay it Who is getting the cash: all U.S. citizens or only American adults? Fortune · Oct 8
The ultrawealthy are buying nearby homes to keep staff close—and Larry Ellison and Mark Zuckerberg are two examples Ellison spent nearly $10 million on homes for his staff near his Florida estate, while Zuckerberg has spent more than $110 million buying up his Palo Alto block. Fortune · Oct 8
Financial executives are buying less of their own stocks. Should Wall Street be concerned? VerityData’s Ben Silverman says the data suggests insiders are “skittish” about valuations. Fortune · Oct 8
Move over, DINKs. SPLITs are the new financial power couple: They have two incomes, no kids yet, and no joint bank account DINKs outearn parents by $42,000 a year. SPLITs get the same two-income benefits and, a financial planner says, skip a lot of money fights. Fortune · Oct 8
AI in advertising and the rise of single-person billion-dollar company Businesses must stop using AI to optimize old processes and start reimagining how they compete. Fortune · Oct 8
How Standard Chartered is taking on the banking sector’s class problem Finance chief Darren Ellis is pushing socioeconomic mobility up the agenda at Standard Chartered, and in doing so is making the bank a more supportive and inclusive place to work. Fortune · Oct 8
Nvidia’s secret to retaining staff? No org charts, a flat structure, and two extra days off every quarter Over 19 years, Nvidia has evolved from a graphics-chip maker into one of the world’s most valuable companies. HR director Febe Punsalan says, despite these changes, the company is keeping its mission-driven, employee-led culture intact. Fortune · Oct 8
How Siemens Healthineers is helping its international staff feel at home Liza Follert, head of people attraction for Europe, the Middle East, and Africa, explains how employee feedback has shaped Siemens Healthineers’ approach to inclusion, retention, and recruitment. Fortune · Oct 8
How Marriott’s leadership pipeline is helping it navigate Europe’s hospitality talent shortfall Marriott International, ranked 15th on Fortune’s 100 Best Companies to Work For – Europe list, focuses on employee development to attract and retain talent. Fortune · Oct 8
Hilton is betting on people in an industry that can’t afford to lose them A focus on purpose and retaining a people-centric approach in the age of AI have helped Hilton claim the top spot on the Fortune 100 Best Companies to Work For–Europe list. Fortune · Oct 8
Wealthy Gen Zers’ quiet love of art collecting, revealed: They’re outspending boomers and millennials—but keeping their collections off Instagram Gen Z is on track to be the “largest, wealthiest, and highest-spending generation to date,” according to Art Basel and UBS. Fortune · Oct 8
Fortune · Oct 8 Gen Z art spending surges. UBS says it’s a key piece of the Great Wealth Transfer Gen Z, whose oldest members are just 29, made up nearly half of high-net-worth collectors who purchased artwork priced at about $1 million.
Fortune · Oct 7 China's AI startups can match the U.S.'s models. They can't yet match the U.S.'s money With a tenth of U.S. venture funding, China's AI founders must find new channels to stay in the race.
Fortune · Oct 7 ‘This is not sustainable’: Families with young kids are fleeing NYC’s high cost of living, and the schools are emptying out City Comptroller Mark Levine calls the drop from over 1 million students a decade ago as unsustainable and says affordability is a major factor.
Fortune · Oct 7 Microsoft shows off new Windows software, revamped for agentic AI At an event in San Francisco, CEO Satya Nadella showed how Microsoft’s Windows operating system will be a box for AI agents, with many tasks running locally and not on the cloud.
Fortune · Oct 7 OpenAI publishes solutions to more than 370 outstanding math challenges. Math may never be the same Some mathematicians celebrated OpenAI’s results. Others decried the company’s effort as an assault on their field.
Fortune · Oct 7 Trump’s red-dyed diesel order sounds like a tax cut. Economists say it’s a 24-cent IOU that could raise prices for farmers The executive order only defers a 24.4-cent federal tax on $6.20-a-gallon diesel, and it adds no new supply.
Fortune · Oct 7 Four tribes partner with Kalshi to launch prediction apps—a move that undercuts Native American opposition to the industry For tribes left out of the $46 billion casino boom, a disputed industry offers a different path.
Fortune · Oct 7 The new K-shaped economy splits the rich from the ultra-rich: The top 0.1% averages more than $200 million—and is pulling away from the rest of the 1% The top 0.1%'s wealth has more than doubled since 2019, compared with 68% growth for the rest of the top 1%, according to Federal Reserve data
Fortune · Oct 7 Trump’s tariffs were meant to shrink the trade deficit—but the $106 billion gap just reached its widest since before ‘Liberation Day’ The Trump administration has called the trade deficit a “national emergency,” but economists say it’s actually a sign of a resilient American economy.
Fortune · Oct 7 He didn’t want the 4:30 a.m. wake-ups. So Justin Casse found another way into the family horse-racing business Casse built a global business spotting future champions—and learned that even the best judgment can’t guarantee a winning investment.
Fortune · Oct 7 I led the Big 10’s $2.4 billion public-capital venture. Here’s what college sports needs next Universities pay professional prices for talent but neglect the infrastructure that helps teams win.