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The Latest Breaking News from Fortune

Spotify CEO says platform wouldn't exist today because of Apple

Ek was lambasting Apple and Google's 30% fees on their App stores as a new competition bill goes through UK parliament.

Fortune

Chinese retailers are already slashing the prices of the iPhone 15 by over $100 amid reports of a sluggish launch for Apple's latest smartphone

Analyst reports are suggesting that Apple's latest iPhone may be struggling in the Chinese market.

Fortune

Why you shouldn’t use ChatGPT to write your college essay, according to an expert who has been advising applicants for 20 years

A machine trained on a corpus of forgettable personal statements will simply generate polished, inauthentic essays.

Fortune

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RTO mandates aren’t working: Most workers are ready to quit for a remote job, even if it means a pay cut

That’s bad news for bosses who are holding on to the hope of a full office return.

Fortune

Fallen crypto king Sam Bankman-Fried was 'perfectly positioned to make a religion of himself'

A year ago, Sam Bankman-Fried (often called “SBF”) was on top of the world. He had been on the covers of Forbes, which dubbed him “the richest twentysomething in the world”, and Fortune – the equivalent, for a business leader, of a rock star on Rolling Stone, or an athlete…

The Conversation

Here’s the climate movement’s biggest mistake since the 1970s, according to the climate scientist who won the Nobel Prize alongside Al Gore

“One of our signal failures, decades ago, was to accept the false choice pitting climate change mitigation against economic growth.”

Fortune

Exclusive: With the dream of homeownership ‘threatened’ by the frozen housing market, the $15m-funded Visible platform wants to give power back to 'the little guy'

Former Square exec Andrew Borovksy wants to help all the "accidental landlords" out there. He sees a "giant, untapped space."

Fortune

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Why Land O’Lakes CEO Beth Ford still wants to talk ‘policy—not politics’

The head of the dairy collective, who has taken an active role in Washington, explains how her business navigates an increasingly difficult political environment.

Fortune

This AI hiring startup says it can help recruiters find high-quality candidates 3 times faster

Moonhub is an AI talent recruitment tool that's received funding from Marc Benioff’s Time Ventures and former YouTube CEO Susan Wojcicki.

Fortune

The 'Big Stay' isn’t going away as the labor market stops rewarding job hoppers, according to ADP payroll data

Workers who change jobs are no longer being rewarded with pay gains, says the ADP Research Institute, which tracks the pay of 22 million U.S. workers.

Fortune

The founder of startup Bonobos hid a bipolar diagnosis for decades. Now he’s on a mission to destigmatize mental health at work

Speaking to Fortune Andy Dunn highlighted the power of personal disclosure as a leadership strategy.

Fortune

Britain’s return-to-office push pays off—more people are back 5 days than working from home for the first time since COVID-19

The number of U.K.-based employees spending their entire week in the office jumped, while those working remotely has dropped in the last year, Hayes found.

Fortune

Tel Aviv-based Blockaid raises $33 million to help root out nefarious crypto wallets

Blockaid seeks to stop scammers by adding a layer of security that identifies and blocks wallets known to be nefarious.

Fortune

Grandma and grandpa are taking over TikTok: Retired boomers find success and fame in the app made for Gen Z

The new kids on the block are senior citizens—retirees are making it big as TikTok influencers.

Fortune

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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

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.”

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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

‘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 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

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

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

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

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.

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