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The Latest Breaking News from Fortune

Patagonia became famous for letting staff cut out early to chase waves—now it's asking dozens of employees to relocate or leave because it’s 300% overstaffed

Roughly a third of Patagonia’s customer-service staff will be asked to move within 60 miles of a designated “hub” city.

Fortune

Women like me are missing out on one of the best jobs available today as careers in private equity have a 50% chance of going awry

The experience of the women in PE is driven by the senior leaders and managers to whom they were exposed. 50% of the time, women thrive.

Fortune

Slack’s AI is saving users 97 minutes a week, but workers aren't sure what to do with their free time

Denise Dresser says AI is freeing up time. Now employees need to avoid doing more "work on work."

Fortune

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Zoom no longer wants to be known by the very thing that made it famous: Video calls

Zoom no longer wants to be known by the very thing that made it famous: Video calls.

Fortune

COOs are balancing AI's gains with potential risks to employee morale

Chief operating officers from Macy's, Lemonade, U.S. Bank, and other companies discussed at a Fortune event how they are using AI to create efficiencies while balancing employee concerns.

Fortune

Arizona Iced Tea founder explains why it still costs less than $1 a can, in a move straight out of Costco's playbook

CEO Vultaggio said the company will keep the price stable for the “foreseeable future.”

Fortune

CNN is set to make millions off the Trump-Biden debate by bucking tradition

Thursday’s debate will be the first in history to have commercial breaks in the middle, leading to what some call a "slippery slope."

Fortune

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Landlords are on edge over the housing market’s insurance shock—a whopping 80% say they’re anxious, survey reveals

One small landlord told Fortune his insurance and taxes went up between $600 and $700 a month for a property in Fort Lauderdale.

Fortune

Ellevest's founder went to Wall Street when she didn't secure a journalism job. Now her $2 billion empire is helping women build their own wealth

The investing industry tends to look past women and mostly serve men, longtime Wall Street executive Sallie Krawcheck says. That's what led her to build Ellevest.

Fortune

Cybersecurity is now a ‘team sport’ amid a wave of generative AI–based attacks, say tech experts

AI “is available to both our friends and foes,” warned Maria Milosavljevic, group CISO at ANZ Banking Group, at a Fortune conversation Wednesday.

Fortune

Why the nation of Alan Turing is poised to revolutionize AI despite the recent dip in investment, according to a venture capitalist

There are two axiomatic ingredients for building world-changing companies: Capital and talent. In both areas, Britain is at a huge advantage.

Fortune

Fortune 500 CEOs Shun Support For Trump, Highlights Corporate America's Shift Ahead of US Elections

Since Trump became the Republican nominee in 2016, donations from the country's CEOs haven't recovered.

International Business Times UK

The Tulsa Race Massacre court ruling is disappointing—but it should serve as a catalyst for justice

The Oklahoma Supreme Court has dismissed the case brought on by the survivors of the 1921 massacre—but those in positions of power can act today.

Fortune

The $500,000 penalty for working moms: New study shows how much having a child can cost women over their careers

Last year, working moms earned $17,000 less than fathers—and it stacks up to more than a $500,000 loss over women’s career

Fortune

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Fortune

Telegram CEO's arrest puts spotlight on an app rife with guns, drugs and everything illegal

Here are some screenshots of some of the more outrageous listings that show pictures of heroin and stolen credit cards.

Fortune

More companies are paying their ERG leaders—here’s how they approach compensation

There’s not just one way to pay the head of an employee resource group.

Fortune

Exclusive: Holoclara raises $16 million Series A to develop therapeutics—with worms

Holoclara has raised $16 million for its Series A, Fortune has exclusively learned. Bold Capital Partners led the round, with participation from Horizons Ventures, Tarrasque, Endurance28, Freeflow Ventures, and a number of angel investors.

Fortune

Slack CEO welcomes EU Microsoft probe that could leade to $21 billion fine

Denise Dresser said Slack was encouraged after the EU said Microsoft was "possibly abusive" when it bundled Teams and Office.

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Fortune

Businesses are using ‘sociologists, psychologists, and anthropologists’ to get staff back to the office

After running out of carrots and sticks to bring workers back, employers want to know what makes them tick.

Fortune

No Fortune 100 CEO supports Trump, a Yale Business professor says

Trump critic Jeffrey Sonnenfeld says the onetime business icon has the lowest corporate support in GOP history.

Fortune

Home prices just broke another all-time high. But things might be changing as price inflation slows

For the first time in close to a year, the pace of annual home price inflation dipped. Still, home prices and mortgage rates are considerably higher than before the pandemic.

Fortune

Exclusive: Vulnerability expert Brené Brown says executives who don't 'discuss people's fears and feelings will not be leading in the future'

“You don't have to be a therapist to everyone you lead, but you have to care about who they are as humans," says Brown, who announced a partnership with coaching platform BetterUp.

Fortune

Believe it or not, there’s a housing surplus—but not for people who can’t afford a home, study finds

McMansions from the real estate bubble mean the housing market has more than enough homes for people. They are just too expensive.

Fortune

Chime to buy Salt Labs for as much as $173M in push to expand ahead of possible IPO

Salt Labs’ CEO, whose career arc has been tumultuous, will join Chime.

Fortune

Rumors of American consumer strife are greatly exaggerated, Affirm CEO and PayPal cofounder says

Any customer’s inability to pay is a mistake on Affirm’s side, Max Levchin added. And he’s got the numbers to prove it.

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