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The Latest Breaking News from Fortune

American housing has a Catch 22: You can either be job-rich or house-poor

"You’ll get higher wages, but then you have to pay enough in extra housing costs," says Berkeley's Jesse Rothstein. "You lose all of those extra earnings that you get."

Fortune

Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward

This ‘crucial milestone’ that signifies financial stability will be lost on new homeowners for more than a decade.

Fortune

European brewing giant's CEO on Russia stealing its flagship beer business: 'A very, very sad and unfortunate turn of events'

Jacob Aarup-Andersen says the loss will be reflected in year-end results: "We have taken the full hit of losing the ownership of the Russian business."

Fortune

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4 more insurers are leaving California after Allstate and State Farm flee wildfire risk

Moves follow a large withdrawal of companies from Florida, whose CFO called them “the Bud Light of the insurance industry."

Fortune

Demand for HR leaders on boards is low despite costly investments in talent

HR heads hold just 8% of Fortune 500 board seats despite companies' costly talent investments.

Fortune

The happiest country in the world? This Finnish company with a 10% lifetime employee turnover shows their real secret is trust

What really counts is cultivating a culture that supports long-term well-being. And that’s what Finns do particularly well.

Fortune

How the West can help Ukraine win its economic war with Russia

'Right now, Ukraine’s allies can help most by freeing Ukraine’s Black Sea ports, with or without Russian cooperation,' writes James K. Glassman.

Fortune

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CEO of Ozempic prescription startup Calibrate steps down as investors eye ‘rapid downsizing’ of consumer business

Calibrate CEO Isabelle Kenyon is stepping down as chief executive and will no longer oversee day-to-day operations.

Fortune

Biden just shocked Big Tech with an executive order that looks strong and smart: ‘It’s really the first time where the government is ahead of things’

OpenAI says it’s “grateful” for the White House’s leadership, and the AI community largely agrees.

Fortune

Starbucks' CEO reveals 3 secrets in his daily routine that helped him beat executive burnout

Laxman Narasimhan says not every meeting is urgent. “It’s got to be a pretty high bar to keep me away from the family."

Fortune

Return-to-office mandates may be worsening America's burnout epidemic. An ex-Harvard professor says the science of happiness may be the cure

Bosses can boost employee satisfaction by implementing the science of happiness in the workplace.

Fortune

Glassdoor reviewers say employers' ghosting problem is twice as bad as it was just a few years ago—a sign that worker power is fading fast

“When job markets inevitably heat up again, job seekers will remember how they were treated,” Glassdoor’s chief economist says.

Fortune

'The killer has struck again': How Jason Blum outsmarted Hollywood with his $130 million smash 'Five Nights at Freddy's'

"The Exorcist: Believer" fell short of expectations, but Jason Blum pulled off the perfect hedge with "FNaF."

Fortune

I have a Netflix show teaching people how to be rich. Here’s how I made my first million

Ramit Sethi, host of Netflix series “How To Get Rich," still drives a 17-year-old Honda.

Fortune

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Fortune

Sam Bankman-Fried can’t shut up. His ‘word salad’ answers were almost 75% longer on average than his 3 FTX lieutenants’

“The witness has what I'll simply call an interesting way of responding to questions,” Judge Lewis Kaplan said of Sam Bankman-Fried’s babble.

Fortune

Companies are focused on cost reduction in case of a recession–but they should be preparing for the recovery that will likely happen

'A soft landing may be possible, if not likely.'

Zenger

Tesla Struggles As EV Stocks Decline; Earnings Reports To Bring Volatility

Tesla debuts on Fortune's fastest-growing companies list; Ford delays EV plans; Mercedes-Benz warns of brutal market

Fortune

The ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomers

Boom! Government policy has really enriched a certain generation of Americans—ones who have been in power for decades.

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Fortune

The cold hard reality of economics has sparked a nationwide shortage in life-saving cancer drugs

The supply of three key generic chemotherapy drugs fell by nearly half in the space of one year, sparking one of the most acute shortages healthcare providers have seen.

Fortune

Wall Street is obsessed with AI. From the 'new electricity' to the next gold rush, here's how top analysts see the tech revolution playing out

Fortune analyzed hundreds of pages of AI reports from investment banks, hedge funds, and research firms. They say it will change everything—eventually.

Fortune

Meet the remote CEOs leading the return-to-office resistance by example

Automattic CEO Matt Mullenweg and Coursera CEO Jeff Maggioncalda stand strong behind their remote work policies.

Fortune

While some homebuyers pay 8% mortgage rates, others are wrangling steep discounts—and it's creating a surprising surge in new home sales

Incentives offered by homebuilders amid what are otherwise 8% mortgage rates get "at the heart of the affordability issue," housing market expert says.

Fortune

Twitter/X plans to launch service to control your 'entire financial life' within a year

One year in, the social media owner pursues his plan for an "everything" app. He's been plotting this ever since the PayPal Mafia days.

Fortune

VC boss who came to the U.S. as a child refugee: 'Without immigration, the American Dream is just a fantasy'

Many foreigners who studied in the U.S. are now moving to other countries such as the U.K. and Canada.

Fortune

Lisa Su saved chipmaker AMD. Now she's capitalizing on generative AI

AMD is right behind Nvidia in the market for GPUs, the type of chips used to power generative AI.

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