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The Latest Breaking News from Fortune

A couple making over $100k are giving up because of the crazy L.A. housing market: 'It's impossible if you're not rich'

Emily Blake and her husband have a $1,750 rent-controlled apartment, but says they’ll never be able to buy “unless we change careers and move out of L.A.”

Fortune

Hotels are so dirty that this business traveler books consecutive one-night stays: ‘It’s not like they are giving me a bulk discount for staying for five nights’

“I travel with just one carry-on,” says tech analyst Abhishek Singh. “In the morning I just check out and then I check in.” Sometimes the same exact room.

Fortune

'The customer is the loser' in the new hotel industry, where the rooms are dirtier, the prices are higher and you're getting less service, analyst says

“Not as many towels, maid service essentially stopped ... some beds looked like someone took a nap on them before I got there.”

Fortune

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A worker who’s been cleaning a 5-star hotel for 14 years says guests are so angry about how dirty their rooms have gotten they throw things and shout at her

“The rooms aren’t cleaned every day," says Xochitl Mendez. "Sometimes we don’t want to go into the rooms because the guests are so mad.”

Fortune

The hotel industry's comeback from the dead is being threatened by filthy rooms, angry guests and a fed-up workers' union

It's all about the end of daily housekeeping—a major flashpoint for travelers, a major money saver for hotels, and a breaking point for workers.

Fortune

TikTok’s Doctor Mike says you can over-optimize your health in the name of longevity. Here’s his best advice for living longer

“In medicine, the enemy of good is trying to be perfect," says Dr. Mikhail Varshavski

Fortune

Millennials are discovering this recession-resistant asset of the super-rich

JPMorgan, Christie's and LiveArt weigh in on why the asset of art is so powerful—but the pitfalls to be wary of.

Fortune

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San Francisco could get 90% of its homeless off the streets with the country’s fiercest housing speculation tax, but landlords are already fighting it tooth and nail

The city by the bay has tens of thousands of vacant units and roughly 8,000 homeless, but will its vacant home tax have any effect?

Fortune

‘Generational wealth' influencers are touting the benefits of parents adding their kids to credit card debt

TikTok is rife with influencers advising parents give their children access to credit—but many aren’t being clear about the downside risk.

Fortune

San Francisco’s housing market is so broken that billionaire philanthropist MacKenzie Scott made 2 major real-estate donations in a month

MacKenzie Scott, one of the world’s richest women, is on a mission to ease housing affordability in California, especially in the San Francisco Bay Area.

Fortune

Silicon Valley rushes to save the case for techno-optimism after Marc Andreessen’s hallucination of a manifesto

At a tech conference the day after Marc Andreessen’s manifesto went live, Sam Altman relayed many of the same points but without the bold proclamations that diluted the VC’s argument.

Fortune

Half of workers would rather have a strict 9-to-5 job than a flexible one

While flexible work hours are a perk for some employees, others would rather quit their jobs than work past 5 o'clock.

Fortune

Coty CEO says celebrity brands need more than a name to win repeat customers

Coty has invested in celebrity brands such as those from Kylie Jenner and Kim Kardashian.

Fortune

TIAA CEO says work-life balance is a lie. Here's how she masters time management

TIAA CEO Thasunda Brown Duckett says work-life balance is a myth, and acknowledging it has made her a more present mother and executive.

Fortune

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Why boomers are catching up with AI faster than Gen Zers, according to Microsoft’s modern work lead

Digital natives, who we might expect to be at the forefront of this technological shift, are falling behind.

Fortune

Amazon managers can now sack employees who won’t work from the office 3 days a week

“Continued non-compliance” with the tech giant’s return-to-office mandate could land employees in hot water, according to Amazon’s new management guidelines.

Fortune

Future of Finance: Coinbase’s Shirzad on public policy, crypto companies shaking off the FTX stigma, and empowering the unbanked

Shirzad said it it's frustrating that Bahamas-based FTX has sullied the image of domestic crypto players.

Fortune

LinkedIn is going through a vibe shift as Twitter trolls and harassment get sprinkled in with workplace updates

The mass exodus from Elon Musk’s X may mean people are congregating on LinkedIn, but being a mainstream social platform comes at a price.

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Fortune

Web Summit founder's Israel Hamas comments: a case study in PR trainwrecks

Weeks before the 70,000-person Web Summit conference kicks off, founder Patty Cosgrove has been buffeted by a wave of cancellations and recriminations.

Fortune

Climate change is our greatest health crisis. The same investments can often address both threats

For the first time, there will be a dedicated Health Day at COP28, underscoring the growing understanding of the interplay between climate and health.

Fortune

Sam Bankman-Fried used $1.2 billion of customer money to buy out Binance CEO Changpeng Zhao, witness says. Will CZ pay it back?

“The amount of customer deposits held in Alameda Research and FTX.com accounts was way less than was owed to customers on FTX,” testified accounting professor Peter Easton on Wednesday.

Fortune

It’s official: The housing market is turning millennials into their parents. A Fortune 500 economist says it’s a deja vu market that is replaying the 1980s

When the boomers came of homebuying age, they had to contend with high rates, high inflation, and a crowded market. Sound familiar?

Fortune

These are the absolute best savings accounts available today (5% APY and up)

The Fortune Recommends team evaluated more than 60 high-yield savings accounts to find you the top picks.

Fortune

Biden's historic stand with UAW members shows how far labor activism has come in America. True equal pay should be next on his agenda

Apart from the direct $180 billion boost to public finances, closing the gender pay gap could channel an additional $512.6 billion into the U.S. economy.

Fortune

Stripe co-founder embraces hybrid work: 'We had all these remote tourists wash in during COVID'

“Prior to COVID, we were more pro-remote than the consensus, and post-COVID, we are more pro-office than the consensus,” John Collison said.

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