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The Latest Breaking News from Fortune

Exclusive: Genesis reaches settlement with New York regulator, will forfeit BitLicense and pay $8 million fine

The agreement with the NY Department of Financial Services comes on the heels of a major lawsuit by the state's attorney general.

Fortune

CEO behind Drake's $400K bed doesn't consider his mattresses to be 'luxury products'

Jan Ryde, the fifth-generation CEO of Hästens, is the supplier to the Swedish Royal family and his beds have appeared in Netflix hit Emily in Paris.

Fortune

Garry Tan says founders ‘have to be in San Francisco’ as Y Combinator ditches Mountain View headquarters for the big city

Y Combinator moved its headquarters out of Mountain View last year.

Fortune

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Luxury trench coat maker Burberry is buttoning up for gloomy earnings report after Christmas washout

“Unlike your average fashion retailer, it is simply not the Burberry way to slash prices and hope bargains lure in shoppers,” AJ Bell's Russ Mould said.

Fortune

Elon Musk isn’t the first big-name CEO to use recreational drugs. But how much is too much?

Experts who spoke to Fortune expressed concerns over Musk’s behavior, including one who said, “It’s a serious thing no matter how you look at it.”

Fortune

A rare Netflix skeptic on Wall Street says it fails the grandmother test: The winner of the streaming wars will have to do too much to stay on top

Citi's Jason Bazinet downgraded Netflix because of its narrative. "If you can explain a story in two lines to your grandmother, that will get a higher multiple"

Fortune

How to get into UX design?

User experience (UX) design careers are growing, and Fortune is here to break down the ways you can break through into the field.

Fortune

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The $40 billion AI mania sprouts a tech incubator program in the unlikeliest place: Major League Soccer

The soccer league is launching a formal startup incubator program with six companies from across the world. Yes, some of them are AI startups.

Fortune

The World Brewing Alliance: ‘Here’s why the global beer industry wants you to do Dry January’

The beer industry has made large investments to allow consumers the choice of controlling their alcohol intake without sacrificing their enjoyment.

Fortune

Bitcoin gains more than 5% as crypto industry celebrates SEC’s approval of spot ETFs

The Securities and Exchange Commission approved 11 applications to create a spot Bitcoin ETF Wednesday.

Fortune

Goldman Sachs ends diversity investment program

The investment bank says it met its $1 billion commitment in June.

Fortune

Exclusive: Goldman Sachs shuts diversity-driven investment program

The firm is now focusing its diversity efforts elsewhere.

Fortune

Former bank manager stands to scoop $637K settlement after being fired for using the N-word in anti-racism class

Ex-Lloyds banker Carl Borg-Neal says being a white middle-aged man is ‘the worst thing you can be’.

Fortune

Jennifer Garner-Hamdi Ulukaya: ‘1 in 5 American kids may go to bed hungry tonight–and unprecedented attacks on the 50-year-old bipartisan WIC program could make the situation even worse’

'Our country has never turned its back on hungry children. But unless Congress acts to provide full funding by Jan. 19, we will have done just that.'

Fortune

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Fortune

Nick Saban's reported retirement ends the reign of the greatest coach in college football history. Read Fortune's profile from 2012, the peak of his powers

The University of Alabama Crimson Tide used to have the legacy of "Bear" Bryant. Now it will have the Sagan legacy, too.

Fortune

Nick Saban's retirement ends the reign of the greatest coach in college football history. Read Fortune's profile from 2012, the peak of his powers

He's the best coach in college football — and arguably the best on the planet. Here's how he makes Alabama's Crimson Tide roll.

Fortune

The economy just handed boomers another win—the U.S. housing market nearly doubled in a decade to a record $23 trillion

U.S. homeowners with mortgages were sitting on $23 trillion in housing wealth by the end of 2022.

Fortune

How a Neiman Marcus exec gets workers into the office without forcing them: ‘It’s a magnet, not a mandate’

The office is designed to be somewhere people want to go, not have to go, says Neiman Marcus chief people officer Eric Severson.

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Fortune

2024 will be Asia’s time to shine–but a series of pivotal elections could change everything

Taiwan, Indonesia, India: Here are the key Asian elections to watch in 2024.

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

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.

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