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The Latest Breaking News from Fortune

Home prices could drop next year, but don’t expect that to solve the affordability crisis, bank exec says

Morgan Stanley forecasts a 3% drop in home prices next year—just half of the 6% price increase this year.

Fortune

Ancestry.com CEO Deb Liu credits Sheryl Sandberg for helping her navigate Silicon Valley

She recognizes that the biases she faced are still present.

Fortune

Oil and gas lobby is a ‘huge barrier’ to solar that is now ready for prime time, renewable energy founder says

Yellow Door Energy founder Jeremy Crane recounts the numerous times he sat around the table with oil execs who 'wagged their finger at me and say we’re subsidizing your business.'

Fortune

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Jeff Bezos moved from Seattle to Miami—and he could take some of Amazon with him

Amazon is reportedly looking for office space in the city.

Fortune

3 problems with the new OpenAI board and what the company needs to do next

Diversifying the board may be the most urgent issue facing OpenAI's directors.

Fortune

The labor market will stay tight as shifting demographics keep draining the talent pool, warns multinational recruitment agency CEO

As more people reach retirement age and workforce activity rates decline, businesses and governments will have no choice but to embrace AI.

Fortune

The head of the Middle East's largest private oil producer says we'll need '100 times more' renewable energy to meet demand

“You need to add a new Saudi Arabia every two years just to meet the current demand," Crescent Petroleum CEO Majid Jafar said at Fortune's Global Forum in Abu Dhabi.

Fortune

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How CFOs should be approaching AI, according to a McKinsey expert who believes the opportunities go far beyond productivity

Generative AI can be a tool used to “reimagine your business and your industry,” Alexander Sukharevsky said.

Fortune

13 inflation-proof stocks to buy for 2024

These companies are poised to ride the AI boom and protect investors from the impact of higher interest rates.

Fortune

Gary Gensler has remade the SEC into a crypto nemesis and climate warrior. Now a backlash is brewing

The combative former Goldman Sachs banker faces staff burnout, widening criticism from Congress, and a potential reckoning from hostile federal courts.

Fortune

Mazda CEO Says EVs 'Not Taking Off' In The U.S.—Except Teslas

Masahiro Moro told Fortune that the share of EVs in the overall U.S. new passenger car market is too small and EV "inventory is piling up."

InsideEVs

The UK has detected its first human case of a new type of swine flu. What you need to know

Symptoms of influenza A(H1N2)v were mild in the individual, who has fully recovered, health authorities said. But how they contracted the virus remains unknown.

Fortune

70% of jobs can be automated, McKinsey’s AI thought leader says—but ‘the devil is in the detail’

“We got it wrong many times with dotcom and crypto and a few other things,” said QuantumBlack’s Alexander Sukharevsky, but this is a “platform shift.”

Fortune

Binance’s new CEO on the post-CZ era and what comes next

Replacing a founding CEO is never easy. For incoming Binance CEO Richard Teng, the task will be even tougher than usual.

Fortune

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Fortune

Sam Altman is back at OpenAI. Where are the women?

The two women on the leading AI company's board are out. Three men are in.

Fortune

How Nasdaq’s Adena Friedman stood up to peer pressure at Carlyle

A private equity lawsuit showcases the supposed bad acts of a fired exec.

Fortune

Chanel heir with a $48 billion fortune is the richest person in Switzerland thanks to a post-pandemic luxury goods boom

Gérard Wertheimer has taken the top spot from the Kamprad family—the billionaire founders of Swedish furniture giant Ikea—for the first time in 21 years.

Fortune

OpenAI’s board might have been dysfunctional–but they made the right choice. Their defeat shows that in the battle between AI profits and ethics, it's no contest

OpenAI employees may not like the board’s retort that allowing the company to be destroyed would be consistent with the mission–but they saw it this way.

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Fortune

A former FIRE fanatic who planned to retire at 35 ditched the movement after watching her youth slip away

The FIRE movement's flame dwindled for Gwen Merz after watching her friends spend money. Now, she's partaking in 'coast FIRE' instead.

Fortune

One of investing's most reliable, highly-recommended strategies is up over 11% this year—so why do leading financial advisors still say they rarely use it?

The classic 60-40 portfolio was never meant to be the end-all, be-all portfolio—it’s just “a good starting place," according to Vanguard's Todd Schlanger.

Fortune

Motherhood penalty laid bare: From co-workers comparing pregnant colleagues to broken race cars to senior women 'hazing' other moms

Women around the world told Fortune that they were asked to hide their baby bump from investors, pressured back to the office soon after giving birth and even outright told “mothers don’t succeed here”.

Fortune

The Marvels’ box office flop marks the end of an era for the studio’s winning formula–and the beginning of a new one for Hollywood’s workers

Having the freedom to change anything at the last minute has devolved into storytelling that feels mushy.

Fortune

AI should make the 4-day work week possible for millions of workers. The question is whether they’ll use the free time for leisure—or more work

AI could reduce the hours worked by at least 10% for a whopping 88% of Britain's workforce within a decade, future of work think-tank Autonomy finds.

Fortune

Research shows that grandparents are great personal finance teachers. Here’s what my poppa who became an accountant during the Great Depression tried to teach me about money

Almost a third of grandchildren (30%) say their grandparents passed down "financial and money-saving advice."

Fortune

A Spanish agency became so sick of models and influencers that they created their own with AI

Aitana, described by her creators as the first Spanish AI model, was so convincing an unnamed famous Latin actor even called the agency the ask her on a date.

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