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The Latest Breaking News from Fortune

A whopping 60% of workers are back in the office 5 days a week—but that doesn’t mean what you think it does

Professors Nick Bloom and José Maria Barrero are the leading researchers on remote work, and they don’t think everyone is going back five days a week.

Fortune

The West is poorer and ‘it's very good news,’ says top inequality researcher. ‘There is no reason why for 2 centuries, people from the West should’ve been at the top’

Westerners can’t afford all the things they used to, Branko Milanović says: “I don't see that as a catastrophic outcome. I see it as a rather good outcome.”

Fortune

Binance loses footing in Europe as French prosecutors investigate exchange and Netherlands denies license application

The two blows against Binance come less than two weeks after the SEC sued it and its CEO, Changpeng Zhao.

Fortune

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Why Marissa Mayer, a one-time Fortune 500 CEO, decided to found a startup

The former Yahoo CEO is now running the A.I. contacts platform Sunshine.

Fortune

Taco Bell is using T-shirts and trendy branding to attract talent

Taco Bell's chief people and transformation officer says the company is using creative employee marketing practices to engage employees.

Fortune

Bakkt delists Solana, Polygon, and Cardano, citing lack of regulatory clarity

The SEC crackdown against unregistered securities is making crypto providers rethink their offerings.

Fortune

Why we can’t open-source a solution to A.I.’s ethical issues

The open-source community is facing a conundrum: How to keep A.I. development accessible, without unwittingly participating in unethical uses.

Fortune

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Snoop Dogg on Petco joining his roster of celebrity endorsements: ‘It takes a Dogg to know a dog’

The collaboration includes a line of “Munchies” treats like canine peanut butter, toys, and other pet accoutrements that are Snoop approved.

Fortune

CAVA’s IPO was a ‘break in the clouds’ for the icy IPO market, says one of its early investors. Will others follow?

One of CAVA’s earliest venture investors talks about the chain’s big debut.

Fortune

Zoetis's Wetteny Joseph—one of the few Black CFOs in the Fortune 500—began his journey to finance chief in Haiti

Joseph shares his personal journey, discusses why representation matters, and explains what specific steps landed him in the C-suite.

Fortune

Why Edelman's CEO doesn't use the word 'diversity'

The PR leader says navigating social issues, rather than avoiding them, is central to the modern-day CEO job.

Fortune

I pitched Xbox to Microsoft–and got laughed off. Here’s how the hit console that revolutionized gaming came to be

During its initial conception, Xbox was not a widely supported initiative within Microsoft.

Fortune

Texas commercial real estate mogul Ross Perot Jr. says a CRE recession looks likely: ‘It’ll be years before we really understand the damage the pandemic did to the world’

“If the banks are this risk-off, and they’re not making real estate loans, the real estate industry will stop,” says Perot.

Fortune

Google takes millions from pro-life groups masquerading as abortion clinics in deceptive ads, study finds

A Google spokesperson said the company “removes or blocks ads” that violate its policies, and it has "reviewed" some of those named in a scathing new report.

Fortune

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Fortune

Cava’s blockbuster IPO has an unlikely winner: The former CEO of Panera whose stake is now worth about $535 million

Cava’s executive team—including the CEO, CFO, and chief concept officer—also have stakes now worth millions.

Fortune

AT&T’s office mandates could be a covert way of trimming headcount

AT&T is yanking thousands back to the office. Some of its workers think that has nothing to do with productivity.

Fortune

Why we can’t let nuclear energy become the next supply chain crisis

Nuclear power is the lynchpin of the clean energy transition–but the supply chain for Uranium is particularly vulnerable to ongoing geopolitical tensions.

Fortune

Sony, Universal, and 15 other music publishers are suing Twitter for stealing their content, and using Elon Musk’s own words against him. He’s called copyright a ‘plague on humanity’

Twitter could owe the publishers over $250 million because more than 1,000 songs are on the platform in violation of the law.

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Fortune

Bitcoin dips below $25,000 as Fed takes hawkish tone after pausing interest rate hikes

The broader crypto market followed suit, as the total market capitalization for all cryptocurrencies dropped about 4%.

Fortune

CEOs may not realize it, but they already know what to do about A.I.

Yes, we need data scientists and machine learning experts. But it’s time to enhance the data and A.I. literacy of our entire workforce.

Fortune

Block to open public beta of self-custody wallet and integrate it with Coinbase and Cash App

Bitkey is part of the payments firm’s larger bet on the staying power of Bitcoin and Web3.

Fortune

Elon Musk’s new 14-year-old recruit may be good enough for SpaceX but he’s no longer allowed a LinkedIn account

“This is the illogical, primitive nonsense that I face constantly,” the teen prodigy said.

Fortune

Railroad critics don’t see the full picture–and how much safer rail is becoming

At the end of the current contract, the average total compensation for a rail employee will be $160,000, according to the Association of American Railroads.

Fortune

Loneliness is a public health crisis, comparable to smoking up to 15 cigarettes a day

The mental and physical health consequences of loneliness are grave.

Fortune

Jerome Powell admits that some banks are in trouble with their commercial real estate holdings: 'We do expect that there will be losses'

“There will be banks that have concentrations, and those banks will experience larger losses,” Powell told reporters on Wednesday.

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