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The Latest Breaking News from Fortune

Wall Street titans are getting behind Nikki Haley in the presidential race—hedge funder Bill Ackman says it’s time for Biden to ‘step aside’

Many in the finance industry “are looking to consolidate around an alternative to Trump before it’s too late,” said one expert.

Fortune

Drybar cofounder shares the dark side of building her $255 million empire

"I am a living, breathing example of just how high one can climb and how fast one can fall."

Fortune

Speaking at a Fortune event, Ray Dalio publicly addresses the bombshell book about his hedge fund

The 301-page tome is filled with bizarre anecdotes about the culture at the world’s largest hedge fund.

Fortune

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Scope 3 emissions are the elephant in the room as COP 28 kicks off in one of the most water-stressed regions in the world

Many companies have made strides in reducing direct emissions (Scope 1) and those associated with the energy they use (Scope 2). Scope 3 is the big one.

Fortune

Exercise may help treat and even prevent postpartum depression. Researchers recommend this weekly routine

Both group exercise classes and exercise led by an instructor or trainer appear to provide even greater benefits.

Fortune

A 26-year-old content creator explains why she gave herself a $75K pay cut to eschew a get-rich-quick mentality

An influencer who got famous by asking people on the street how much money they make is more interested in expanding her brand than expanding her budget.

Fortune

What TikTok killing its $2 billion Creator Fund says about the creator economy

The ever-changing payment schemes, fickle algorithms, and unpredictable trends may mean that being a full-time content creator is harder than ever.

Fortune

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The FIRE movement's younger sibling is a lot easier for retiring early—and doesn't involve 'eating rice and beans every night'

Adherents of “Coast FIRE” front-load their savings early in their career, but don’t stress as much later on.

Fortune

Fifth Third Preferred Cash/Back Card: 2% cash back on all purchases with no annual fee

The Fifth Third Preferred Cash/Back Card trounces competitors with its 2% return rate—and its 0% intro APR offer incentivizes folks with credit card debt to transition.

Fortune

Unique 3% cash-back categories for flexible spending

The Bank of America Customized Cash Rewards card offers flexible 3% cash-back categories plus up to 75% more rewards for BofA Preferred Rewards members.

Fortune

TD Cash Credit Card: Cardholders can personalize their spending categories to increase their rewards potential

The TD Cash Credit Card is a $0 annual fee card that allows cardholders to choose a spending category to earn 3% and 2% cash back every quarter.

Fortune

Wormhole raises $225 million at a $2.5 billion valuation, finalizing split from Jump Crypto amid firm’s recent pullback

Saeed Badreg, CEO of Wormhole Labs, said that raise was in exchange for future Wormhole tokens.

Fortune

Blackstone plans to double-down on its Europe real estate investments—but in London, it already has an upper-hand as WeWork locations have fallen

The private equity group, which recently hit $1 trillion in assets under management, has a number of flexible office spaces in London through The Office Group.

Fortune

A Shein IPO will likely be one of the most contentious debuts in recent memory

Shein has plenty of enemies in Washington, D.C.—and they may throw a wrench in the company’s plans to go public.

Fortune

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Fortune

Obama advisor turned Wall Street CEO says everyone’s AI predictions will be ‘invariably wrong’

Lazard CEO Peter Orszag told Fortune's Global Forum in Abu Dhabi that “a dose of humility” is needed among those speculating on the impact of AI.

Fortune

IKEA stores owner to spend $1.1 billion on price cuts next year in deflation boon

Ingka Group's Deputy CEO said people were buying more storage solutions because high house prices had kept them in small spaces.

Fortune

MSCI CEO: 'To tackle climate change, financial markets must reallocate trillions of dollars. It’s already happening, even without a political consensus'

The world urgently needs a faster repricing of assets and reallocation of capital, writes MSCI CEO Henry Fernandez.

Fortune

The UAE's leading AI CEO addresses bombshell New York Times report alleging China ties, says he didn't finish reading the story

"It’s correct that we all need to pay attention to the proper development of AI, and ultimately what we use AI for," G42's Peng Xiao said at Fortune's Global Forum in Abu Dhabi.

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Fortune

Billionaire Ray Dalio on the most important vote of our lifetime: 'I pray that we do not have another Trump-Biden election'

"No good society exists with this kind of fighting," the Bridgewater founder said at Fortune's Global Forum in Abu Dhabi.

Fortune

Ray Dalio slams 'tragedy' of a New York Times journalist's shocking book about him, claiming he was a Bridgewater reject who wrote 'fiction, created as fact'

“When truth gets mixed with fiction by journalists, the country has a problem,” the founder of the world’s largest hedge fund said at Fortune's Global Forum in Abu Dhabi.

Fortune

The CEO behind nearly 10,000 KFCs in China explains the country’s consumption slump: A 'psychological' consequence of COVID-zero

“We can understand why people became rather cautious and rational with their spending,” Yum China CEO Joey Wat said at the Fortune Global Forum in Abu Dhabi.

Fortune

Charlie Munger's best leadership advice: 'If you keep learning all the time, you have a wonderful advantage'

The Berkshire Hathaway legend and Warren Buffett's right-hand man leaves behind a treasure trove of wisdom.

Fortune

AI can be a game changer for neurodivergent employees

ChatGPT, Bard, and other artificial-intelligence-powered large language models are making work communication easier for people with autism and ADHD.

Fortune

How we lost the ability to evaluate two seemingly contradicting facts at the same time–and why it could mean the end of empathy

Instead of adopting a hyper-simplified approach, we must take a counter-intuitive approach and assume there can be multiple realities that are true.

Fortune

As billionaire hedge fund managers flock to the Middle East, a key official says watch out for Abu Dhabi as a financial hub in the next 2 to 3 years

At Fortune's Global Forum in Abu Dhabi, H.E. Ahmed Jasim Al Zaabi echoes the billionaires Alan Howard and Ray Dalio: The city is a major emerging financial district.

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