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The Latest Breaking News from Fortune

Britain's 'Warren Buffett' dumps his shares in beauty brand Estée Lauder for its biggest rival after bungled China reopening

Estée Lauder was Fundsmith's biggest detractor from its fund last year after investors fled the group on recovery fears.

Fortune

How Sloomoo's founders turned slime into a $30 million business

Their experiential retail locations devoted to slime have sold 1 million tickets.

Fortune

Exclusive: Jump sits out Bitcoin ETF race amid broader crypto pullback

The trading firm has reduced its crypto business after its disastrous involvement with the failed crypto firm Terraform Labs.

Fortune

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Housing affordability has gotten so bad that 15% of buyers are purchasing a home with a non-romantic co-buyer. ‘It’s like carpooling for homes’

Gen Zers and millennials are leading the charge on co-ownership in a historically challenging housing market

Fortune

America’s big banks are hiding behind racial equity to avoid new capital standards–but refuse to disclose the demographics of their small business lending

By wrapping their arguments against capital standards under a cloak of racial equity, the banking lobby is preserving the status quo.

Fortune

Who’s ready for the AI election?

One-third of election leaders say they don’t have adequate funding to address cyber threats as AI poses a new challenge for the 2024 election.

Fortune

AI isn’t coming for your job, but it’s definitely going to be your new coworker

Deloitte is giving 75,000 of its workers an AI chatbot in an effort to increase productivity. It’s part of a much larger wave.

Fortune

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Steve Jobs thought devices would become 'a bicycle for the mind'—but their effect on our brains is similar to that of smoking and junk food

Between stimulus and response, there is a space. In that space lies our freedom and our power to choose our response. It's time to reclaim that space.

Fortune

PepsiCo and a French supermarket giant are arguing over who dumped who first in 'shrinkflation' tussle

Both PepsiCo and Carrefour are now taking credit for removing PepsiCo products from the supermarket's shelves.

Fortune

Why Carta’s public battle might be a private markets nightmare

Carta’s latest scandal could be a turning point for the company—but its implications could ultimately be bigger than the embattled cap table unicorn.

Fortune

Las Vegas Sphere owners see millions of investment dollars and years of planning to build a London Sphere go down the drain

Madison Square Garden Entertainment slammed a "bogus" report rejecting its London venue last year.

Fortune

Why retail’s $100 billion ‘shrink’ crisis may not be all about shoplifting

The trend of shrink appears to be far from reversing course, with losses more than doubling over the past five years.

Fortune

Carta is exiting the startup stock trading business and told employees it is pausing all sales outreach ‘until further notice’

The pause comes shortly after one of Carta’s customers accused the company of self-dealing on social media, causing an outcry in Silicon Valley's startup scene.

Fortune

New, highly mutated COVID variants ‘Pirola’ BA.2.86 and JN.1 may cause more severe disease, new studies suggest

“We cannot ignore the evidence” that Omicron may be evolving into a more severe form of itself, one researcher told Fortune.

Fortune

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Fortune

The brutal 2023 housing market was just like the 1980s—except with a little bit of Global Financial Crisis thrown in

Millennials face a housing market a lot like their parents experienced—with a dash of their early adulthood added, for good measure.

Fortune

Trend Micro says learning technical skills is just one part of becoming a cyber expert. Here’s how its skills program is training the next generation

Having soft skills like enthusiasm and a willing to learn are just as important—especially in an industry heavily changing by AI.

Fortune

The narrative of Bidenomics isn’t sticking because it doesn’t reflect Americans’ lived experiences

The average American’s confidence in the economy has been plunging to numbers not seen since 2008.

Fortune

What is UX design? Here’s everything you need to know

User experience (UX) design is a growing industry, and you may not even need a college degree to earn close to a six-figure salary

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Fortune

Britain’s richest businesswoman—who earns more than Sundar Pichai—sees salary rise to $280M

The filing reveals the businesswoman is paid more than the prime minister of Britain.

Fortune

Meta and OpenAI have spawned a wave of AI sex companions—and some of them are children

The uncensored AI economy is booming, giving rise to hard legal and ethical questions.

Fortune

U.S. EV sales fell short of predictions in 2023. Elon Musk and range anxiety could be to blame, according to a new poll

Asked whether they have a lower opinion of electric vehicles because of the actions of people associated with them, almost half of all Americans said yes.

Fortune

Carta CEO says company is investigating customer allegations of self-dealing with confidential information

One of the equity management startup’s customers has suggested Carta was using his company’s confidential data without his approval.

Fortune

This dating app is charging up to $30,000 per year to find your perfect match

Your LinkedIn account is the “price of admission” to join The League, founder Amanda Bradford says.

Fortune

How did Netflix 'win the streaming wars' while being criticized for becoming 'unwatchable?' It could all be explained by the concept of 'platform decay'

Netflix has been simultaneously crowned the winner of the streaming wars and a target of criticism for having mediocre content.

Fortune

Andy Warhol's Factory made a fortune off other people's work. Now desperate artists are accusing generative AI of supercharging that model

Warhol once said "Art is anything you can get away with.” Will Midjourney get away with training its image-generating AI on thousands of artworks?

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