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The Latest Breaking News from Fortune

Web3 app Friend.tech lets influencers literally cash in on their follower counts

The app, which debuted in closed beta earlier this month, has already generated tens of millions of dollars in fees.

Fortune

IBM CEO who plans hiring pause for 7,800 jobs due to A.I. says the world will be worse without the technology. 'Otherwise quality of life is going to fall'

IBM CEO Arvind Krishna says A.I. will help keep worker productivity high, even as demographic trends point to a shrinking workforce.

Fortune

X, formerly Twitter, plans to hide headlines from news stories on its feeds

Elon Musk said the removal of text from news links ‘will greatly improve’ the platform’s aesthetic

Evening Standard

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Gen Z’s approach to work might not be that different after all

Stereotypes about Gen Zers abound–but the CFA Institute's Graduate Outlook Survey shows Gen Z's aspirations are fairly standard.

Fortune

The top 100 bosses in the U.K. scored a pay hike of over $600k last year—the highest in six years

Among the highest paid CEOs were pharmaceutical giant AstraZeneca’s chief Pascal Soriot, with £15.3 million ($19.6 million), and defense company BAE Systems CEO Charles Woodburn, who earned £10.7 million ($13.7 million).

Fortune

The Cotopaxi co-founder's leap of faith: Why Davis Smith stepped down as CEO and moved to Brazil

The values that led Davis Smith to start 'Gear for Good' company Cotopaxi are now propelling him on a mission for the Church of Latter Day Saints.

Fortune

Exclusive: 79% of seed funding for diverse founders goes to white women

Women of color receive less than 10% of VC seed deals backing diverse founders.

Fortune

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We built Colombia's largest coffee company with money from individual investors. Our story shows what’s possible in a post-VC world

The needs of today's investors go beyond what most traditional venture capital firms or private equity fund managers provide.

Fortune

Elon Musk makes another annoying change to X - this time messing with everyone's news

Say goodbye to the headline - X may scrap current formats for articles.

TechRadar

Lionel Messi is bringing an absolutely enormous pile of money into American soccer and MLS

Well over a million people are watching American soccer on Apple TV+, and Inter Miami’s Instagram has a whopping 14 million followers. It's just the start.

Fortune

Amazon dusts off the low-wage labor playbook for the creator economy

As Amazon ramps up its efforts to become a bigger player in the creator economy, it's turning to its longstanding playbook for gaining market share.

Fortune

10 strategies for getting hired as a first-year analyst at elite Wall Street firm Blackstone, where 62,000 apply and only 169 get the job

These are must-dos if you want to stand out from the 61,999 other applicants for one of Wall Street’s most coveted positions.

Fortune

Mette Lykke took 3 major risks to become a CEO

Quitting her McKinsey job was the first step.

Fortune

Step aside, LinkedIn: Grindr CEO says he has hired workers through the dating app, as the company pitches itself as the new networking platform in town

Users checking into the dating app to see how many feet they are from a potential love interest can now expect to be poached, rather than asked out.

Fortune

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Fortune

Long COVID. Shorter Life? New research reveals an arduous road to recovery

The first study to look at two years of data shows the devastating effects of long COVID-but there are still no validated treatments.

The Week

Richcession: where have all the millionaires gone?

The cost-of-living crisis has hit households across the world – and a new report shows that even the very rich have not gone unscathed.

Fortune

Musk admitted X 'might fail'—then the social network accidentally removed swathes of historic content

“We may fail, as so many have predicted, but we will try our best to make there be at least one.”

Fortune

Fortune ranked the best MBA programs in the country. Here’s how we did it

Fortune ranked 98 programs for our MBA list using 11 different data points.

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Fortune

How an early retiree traveling the US in his RV built wealth the old-fashioned way to join the FIRE movement

Chris Miller shares how he saved enough money to retire early and his best advice for those looking to do the same.

Fortune

Meet the Gen Z Google software engineer earning six figures who says he works 1 hour a day

“If I wanted to work long hours, I’d be at a startup,” the twenty-something says.

Fortune

Institutional buyers won't stay on the housing market sideline forever: 'This is temporary'

"This is temporary. They paused and continued to cull their portfolio as they always have."

Fortune

Hackers have taken out San Francisco's main real estate database

More than San Francisco 50,000 realtors are having to sell houses the old-fashioned way, thanks to a 11-day long cyberattack attack on the the multiple listings platform they rely on.

Fortune

Protest broke out at a 55+ Florida community over skyrocketing home insurance premiums: 'We have no choice, we have to sell'

“We have no choice, we have to sell. As a matter of fact, I just put my house on the market 10 minutes ago,” one resident told NBC6.

Fortune

Elon Musk wants to get rid of the ability to block users on X

Many users rely on the blocking function to shield themselves from harassment and spam on Twitter. Musk says “it makes no sense.”

Fortune

A looming insurance shock spells trouble for housing markets in Florida and California

“About a third of homebuilders in Florida are saying that buyers’ concerns about insurance availability and costs are somewhat slowing sales.”

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