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The Latest Breaking News from 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.”

Fortune

U.S. chip efforts have focused on advanced semiconductors–but low-tech legacy chips could give China an unexpected edge

Legacy chips are crucial–they're just not as profitable.

Fortune

Abigail Disney blames the rapid change of the pandemic for Bob Iger's SAG strike missteps

CEOs don't realize how much the world has changed, the Disney heiress says.

Fortune

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A waste removal company introduced free education benefits for employees and it’s done big things for worker retention

Staff members can enroll in more than 170 programs for free or reduced costs.

Fortune

H&M will stop operations in Myanmar following allegations of worker abuse

The Swedish retailer, which said it would "phase out" operations in Myanmar, has about 42,000 employees in the country across several factories.

Fortune

The CEO of the first U.S. bank to unionize in 40 years: ‘We are living proof that the employee-versus-management dynamic doesn’t need to exist’

'Meeting the needs of employees does not need to result in conflict, even when unionization is involved,' writes Beneficial State Bank CEO Randell Leach.

Fortune

SoftBank-backed Better shrunk its staff by 91% in 18 months

“Cash is very important,” Better CEO Vishal Garg told Fortune in an interview about the impending SPAC merger and his decision to move forward after a series of delays.

Fortune

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Major brands are pulling ads on Musk's X after posts appeared beside pro-Nazi content

"If trust is lost it's like a house of cards—and currently X lacks trust from both its audiences and its B2B partners."

Fortune

Bud Light has started to win over Americans again, according to a Deutsche Bank survey

Bud Light was caught in a heated controversy in April over a collaboration with transgender influencer Dylan Mulvaney which gutted sales.

Fortune

My two RTOs as a bank employee and yoga teacher couldn’t be more different. Here’s why

In the pre-pandemic 2010s, water-cooler conversations weren’t a symbol of collaboration and productivity. They signaled something else: slacking off.

Fortune

Walmart International pulls off a rare female CEO handoff

Judith McKenna is retiring as CEO of Walmart International. Sam's Club CEO Kath McLay is ready to step in.

Fortune

Grayscale is on the cusp of winning Bitcoin’s biggest prize—but Wall Street’s big dogs could snatch it away

Grayscale's CEO has been planning a Bitcoin ETF for years—but now legal troubles and new interest from blue chip companies mean a competitor could sew up the market.

Fortune

What happened to the once-mighty Japan, Inc.?

Japan's Mitsubishi Corporation used to be the world's largest company by revenue. Now it's No. 46.

Fortune

What history can teach us about A.I.’s Great Leap Forward

Everything is possible for A.I. because so little has happened. And like China's potential in the 1950s, the possibility for growth appears unbounded.

Fortune

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Are Hawaii’s tech landowners stepping up for Maui?

As the fires in Maui ravage the island, billionaire residents like Salesforce’s Marc Benioff and Meta’s Mark Zuckerberg are in the spotlight, raising questions about how they’re using their funds to protect the island.

Fortune

To measure social impact, we could start by using the tools we already have

The 'S' in ESG is notoriously hard to measure–but the three-scope approach that we use to measure emissions can be applied in a social context.

Fortune

Millennials are falling into a depression over their finances

Millennials have been through a lot.

Fortune

Irish bank glitch let customers pull out large sums of ‘free money’

The bank has warned customers they will be liable for any transfers or withdrawals that were made during the outage.

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news in one place.

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Fortune

The latest productivity mantra that we all need: ‘Achieve less’

Wellness at work isn’t actually working. Here's why.

Fortune

Management consultants can make great CEOs—but they have to get their hands dirty first

Some 47 Fortune 500 CEOs have spent time as management consultants but first took more junior roles.

Fortune

CFO turnover at Fortune 1000 companies has spiked 30% since last year

More CFOs made moves in the first half of 2023, compared to the same period in 2022.

Fortune

LinkedIn is uniquely positioned to benefit from Twitter’s meltdown–and disgruntled X users are offering Microsoft a blueprint for social media supremacy

Twitter is a sinking ship, and its users are desperately looking for a lifeboat. LinkedIn can be that lifeboat–but only if it acts fast and smart.

Fortune

Can dogs get COVID? Yes, and they're not the only pets that can ....

COVID is thought to have originated in animals—and even if the lab leak theory is true, animals may have played a role in early transmission of the virus.

Fortune

Bad luck for fresh-faced graduates who have splashed thousands on a degree: Job ads not requiring one is up 90%, according to LinkedIn data

With skills in and degrees out, is the once highly sought-after qualification effectively useless from here on now? Not necessarily, argue experts.

Fortune

PayPal’s outgoing CEO is bullish on crypto. What will be the company’s approach under Alex Chriss, owner of 2 Crypto Hippos NFTs?

The payments giant’s long-reigning CEO, Dan Schulman, will retire at the end of 2023.

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