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The Latest Breaking News from Fortune

U.K. fintech used to be a side hustle for bored finance executives in the wake of the Global Financial Crisis. Now it’s an industry with the potential to rival the country's big banks

The 5 leading banks in the U.K. have experienced a sustained decline in market capitalization since 2008. Meanwhile, fintech has become the most valuable segment of the British tech industry.

Fortune

Gen Z could wave goodbye to résumés because most companies have turned to skills-based recruitment—and find it more effective, research shows

It might not be long until résumé are a thing of the past because most bosses are favoring skills-based hiring and reporting big results.

Fortune

The great skills mismatch actually has two gaps, Google’s CMO says. Ditching degree requirements could help solve them

“We are so far past the time where you could learn everything you need to know for your career when you're 22,” Lisa Gevelber said.

Fortune

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FTX is bankrupt and SBF was on trial, so why are people still buying FTT tokens?

Experts say the coin likely has no long-term value, but it could prove lucrative for professional traders who can quickly flip it.

Fortune

Amazon designed its algorithm at Jeff Bezos's urging to be something it wanted to show you, not the cheapest and best product, government claims

New revelations from the FTC’s antitrust lawsuit claim that Bezos pushed for “expensive, irrelevant advertisements” because they were so profitable for Amazon.

Fortune

Why streaming video prices from Netflix, Apple, and Disney, keep increasing

Finding new subscribers in a saturated streaming video market isn't easy. And with legacy media companies desperate to recoup revenue declines in their linear TV businesses, the cost of your monthly plan is likely to keep rising.

Fortune

Gen Z is making career moves based on TikTok advice. They say it's working for them

But they should still get a second opinion first.

Fortune

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Almost half of CEOs surveyed have a pessimistic outlook for the economy

A Fortune survey conducted with Deloitte found CEO pessimism is ticking back up from the beginning of the year.

Fortune

The largest freight bankruptcy in history punched a $5 billion hole in the economy, cost 30,000 jobs, and left the taxpayer holding the bag for a COVID bailout

Would you take a deal to revive Yellow and bring back some of its lost jobs? Or would you scrap it and sell it for parts?

Fortune

Gen Z and millennials have found a lucrative new hobby thanks to skyrocketing luxury prices: Flipping designer handbags

A perfect storm of scarcity, inflation, and pandemic savings have pumped up the prices of super-luxe bags. Young shoppers are diving into the market.

Fortune

Home prices in 7 cities just reached all-time highs on the back of a blistering 7-month run for the housing market—and the Midwest is the big winner

It's good to own in Detroit and Chicago right now, but not so much in San Francisco and Seattle.

Fortune

Women made up record 12.1% of new CEOs in Russell 3000 last year

The Russell 3000 still lags behind the Fortune 500 in female CEO representation.

Fortune

What Biden’s AI executive order means for HR leaders

President Biden's executive order called on companies to establish AI best practices to support workers and address job displacement.

Fortune

Can I sell you the Golden Gate Bridge? How San Francisco’s savvy business leaders are betting on ineffective advertising to save the city’s reputation

Advertising has limited power to change deeply held beliefs or opinions on core issues.

Fortune

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Fortune

Think like a hacker and play the long game—How Amazon's chief security officer protects all that data

Companies should see security as a business enabler and get to know their enemy, says Amazon CSO Stephen Schimdt.

Fortune

Plaid weighs IPO three years calling off sale to Visa

CEO Zach Perret tells Fortune what the company is building, and why not doing the Visa deal was the “right choice.”

Fortune

Amazon’s $26 billion delivery business runs on exhausted, sweat-soaked drivers running door to door. Now we’re on strike

Even though Amazon holds me responsible for delivering its packages, regardless of the weather, the executives say my safety is not their problem.

Fortune

Fortune 500 Arabia shows diversification in Middle East

The list ranks the top 500 companies in the Arab world by revenues.

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Fortune

The White House just revealed a key factor driving Biden’s new order to rein in AI: The latest Tom Cruise ‘Mission: Impossible’ movie

“If he hadn’t already been concerned about what could go wrong with AI before that movie, he saw plenty more to worry about,” the White House deputy chief of staff said.

Fortune

Nokia is suing Amazon in courts around the world because it says it’s invested billions in patented technologies and the retail giant is using them for free

Nokia owns about 20,000 patents, some of which concern tech used by Amazon and HP in streaming and video devices.

Fortune

Why Bonobos’s founder hid his bipolar disorder for 16 years

Bonobos cofounder Andy Dunn spoke to HR leaders about his bipolar disorder diagnosis and mental health in the workplace.

Fortune

Will AI be the holy grail of cost reduction for CFOs? These 5 stats make the case

There’s broad consensus among banks, private equity firms, hedge funds, and investment research houses that the technology is set to revolutionize the global economy.

Fortune

Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward

This ‘crucial milestone’ that signifies financial stability will be lost on new homeowners for more than a decade.

Fortune

American housing has a Catch 22: You can either be job-rich or house-poor

"You’ll get higher wages, but then you have to pay enough in extra housing costs," says Berkeley's Jesse Rothstein. "You lose all of those extra earnings that you get."

Fortune

European brewing giant's CEO on Russia stealing its flagship beer business: 'A very, very sad and unfortunate turn of events'

Jacob Aarup-Andersen says the loss will be reflected in year-end results: "We have taken the full hit of losing the ownership of the Russian business."

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