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The Latest Breaking News from Fortune

FedEx’s boom and slump is partly just a COVID distortion, says CEO Raj Subramaniam

“If there was no pandemic, the trend [would] be kind of okay,” Subramaniam said at the Fortune Global Forum in Abu Dhabi.

Fortune

CEOs of Yieldstreet and Cadre detail how the acquisition came together and their combined growth plans

The combined firm will have a collective investment value of over $9.7 billion.

Fortune

Climate-driven migration is becoming inevitable as the focus shifts to nations’ geographic fate

Fertile geographies are inevitably becoming the destinations for mass climate migrations as parts of the world become uninhabitable.

Fortune

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Seasonal hiring data offers sneak peek into the widening economic gulf between U.S. and U.K.

Seasonal hiring is up in the U.K. and down in the U.S. But the story of the countries' economies is the opposite.

Fortune

Lucid dream startup says you can work in your sleep

Prophetic is developing technology to induce lucid dreams, in which CEOs can practice for board meetings and architects can design buildings while asleep.

Fortune

Jewish tech leaders met with TikTok’s CEO to raise concerns that the platform is biased toward Pro-Palestine content

The group, which includes the founders of Gusto, Bonobos, and Tinder, did not mince words with TikTok boss Shou Zi Chew. “I don’t believe I can trust you," one of them told Chew.

Fortune

Exclusive: Yieldstreet to acquire real estate tech startup Cadre

The two CEOs outlined their plans for the combined company—which will have a collective investment value of over $9.7 billion—in a joint interview with Fortune.

Fortune

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Remote work expert: In-person work rates will remain 'flat as a pancake' until 2026, when WFH will dominate

Two years from now, we’ll see a “Nike swoosh” in rates of working from home.

Fortune

EY CEO: ‘This is the COP to show, not tell, what climate action looks like’

'The public’s patience for rhetoric without results is wearing thin,' warns EY CEO Carmine Di Sibio.

Fortune

Wall Street titans are getting behind Nikki Haley in the presidential race—hedge funder Bill Ackman says it’s time for Biden to ‘step aside’

Many in the finance industry “are looking to consolidate around an alternative to Trump before it’s too late,” said one expert.

Fortune

Drybar cofounder shares the dark side of building her $255 million empire

"I am a living, breathing example of just how high one can climb and how fast one can fall."

Fortune

Speaking at a Fortune event, Ray Dalio publicly addresses the bombshell book about his hedge fund

The 301-page tome is filled with bizarre anecdotes about the culture at the world’s largest hedge fund.

Fortune

Scope 3 emissions are the elephant in the room as COP 28 kicks off in one of the most water-stressed regions in the world

Many companies have made strides in reducing direct emissions (Scope 1) and those associated with the energy they use (Scope 2). Scope 3 is the big one.

Fortune

Exercise may help treat and even prevent postpartum depression. Researchers recommend this weekly routine

Both group exercise classes and exercise led by an instructor or trainer appear to provide even greater benefits.

Fortune

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Fortune

A 26-year-old content creator explains why she gave herself a $75K pay cut to eschew a get-rich-quick mentality

An influencer who got famous by asking people on the street how much money they make is more interested in expanding her brand than expanding her budget.

Fortune

What TikTok killing its $2 billion Creator Fund says about the creator economy

The ever-changing payment schemes, fickle algorithms, and unpredictable trends may mean that being a full-time content creator is harder than ever.

Fortune

The FIRE movement's younger sibling is a lot easier for retiring early—and doesn't involve 'eating rice and beans every night'

Adherents of “Coast FIRE” front-load their savings early in their career, but don’t stress as much later on.

Fortune

Fifth Third Preferred Cash/Back Card: 2% cash back on all purchases with no annual fee

The Fifth Third Preferred Cash/Back Card trounces competitors with its 2% return rate—and its 0% intro APR offer incentivizes folks with credit card debt to transition.

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Fortune

Unique 3% cash-back categories for flexible spending

The Bank of America Customized Cash Rewards card offers flexible 3% cash-back categories plus up to 75% more rewards for BofA Preferred Rewards members.

Fortune

TD Cash Credit Card: Cardholders can personalize their spending categories to increase their rewards potential

The TD Cash Credit Card is a $0 annual fee card that allows cardholders to choose a spending category to earn 3% and 2% cash back every quarter.

Fortune

Wormhole raises $225 million at a $2.5 billion valuation, finalizing split from Jump Crypto amid firm’s recent pullback

Saeed Badreg, CEO of Wormhole Labs, said that raise was in exchange for future Wormhole tokens.

Fortune

Blackstone plans to double-down on its Europe real estate investments—but in London, it already has an upper-hand as WeWork locations have fallen

The private equity group, which recently hit $1 trillion in assets under management, has a number of flexible office spaces in London through The Office Group.

Fortune

A Shein IPO will likely be one of the most contentious debuts in recent memory

Shein has plenty of enemies in Washington, D.C.—and they may throw a wrench in the company’s plans to go public.

Fortune

Obama advisor turned Wall Street CEO says everyone’s AI predictions will be ‘invariably wrong’

Lazard CEO Peter Orszag told Fortune's Global Forum in Abu Dhabi that “a dose of humility” is needed among those speculating on the impact of AI.

Fortune

IKEA stores owner to spend $1.1 billion on price cuts next year in deflation boon

Ingka Group's Deputy CEO said people were buying more storage solutions because high house prices had kept them in small spaces.

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