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The Latest Breaking News from Fortune

Figma is unlikely to find another buyer willing to pay $20 billion

“There are not any buyers that can get near that price,” one banker told Fortune.

Fortune

What Southwest’s $140 million fine tells us about the broken air travel system

It remains to be seen whether Southwest—or any other individual airline—can avoid a meltdown this holiday season.

Fortune

A startup tested if ChatGPT and other AI chatbots could understand SEC filings. They failed about 70% of the time and only succeeded if told exactly where to look

Large language models from Meta, Anthropic, and OpenAI all struggled to analyze financial data, a complex task that, for now, humans still better suited to than machines.

Fortune

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Ikea furniture to be delayed by Red Sea attacks

The furniture maker is one of several retailers admitting they will face delays following Houthi attacks on the key shipping channel.

Fortune

2024 will see the rise of a new class of worker: the ‘flexetariat,’ predicts a future of work author

A strong gig economy will fuel the demand for flexible work in the coming year.

Fortune

JN.1, the WHO’s newest ‘variant of interest,’ has spiked COVID wastewater levels to all-time highs in some countries. What you need to know about the ‘Pirola’ offshoot

How dangerous is JN.1, how likely are you to get it, and could it derail your holiday plans? Here’s what you need to know, according to the experts Fortune spoke with.

Fortune

George Santos traded a $174K congressional salary for a six-figure career on Cameo. The app’s CEO says it’s one of ‘the best launches we’ve ever had’

Santos’s “first day on Cameo was right up there with Bon Jovi or Sarah Jessica Parker,” Cameo CEO Steven Galanis told Fortune.

Fortune

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The U.S. dairy industry wants to tackle climate change–but not at the expense of feeding the world

'We are not perfect–but we are devoting ever more effort and resources to achieve our emissions reduction goals,' writes the CEO of the U.S. Dairy Council.

Fortune

The University of Michigan wrote Sam Altman’s venture capital firm a $75M check earlier this year for a new fund

The university’s $17.9 billion endowment has also invested directly in OpenAI and in OpenAI’s corporate venture fund, documents show.

Fortune

A quiet cybersecurity revolution is touching every corner of the economy as U.S., allies ‘pull all the levers’ to face new threats

The government is pulling every regulatory lever available to quietly define and enforce mandatory cybersecurity minimums on the entire economy.

Fortune

After Adobe deal died, Figma summoned employees from company-wide PTO to town hall

Some employees were expecting payouts that would allow them to become homeowners.

Fortune

Sam Altman quietly got $75M from the University of Michigan for a new venture capital fund earlier this year

Fortune discovered the investment into Hydrazine’s fourth fund via a Freedom of Information Act request.

Fortune

Slack undergoes more leadership changes as 3 executives leave, including the COO

Slack has had three CEOs in the past three years, since being acquired by Salesforce.

Fortune

WeWork’s co-working model was supposed to fix traditional commercial real estate–but both the new idea and the centuries-old industry are failing

While billed as an inventive means to insert energy into the workplace, WeWork is built on the foundation of the age-old model that it claims to transform.

Fortune

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news in one place.

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Fortune

Americans are losing faith in the news media–but there is ample empirical proof that a free press is the secret to U.S. economic success

A map of press freedom correlates pretty well with places where you would actually want to be born.

Fortune

The pandemic CEO: How executives who came to power forged the blueprint for a new kind of leader

The Fortune 500 companies that appointed new CEOs in the pandemic outperformed their peers. These 5 traits help explain why.

Fortune

4-day workweek trial threatened with funding cuts by U.K. lawmakers opposed ‘regardless of what the data is saying,’ local leader says

A local council has been threatened with legal action and financial consequences over its four-day week trial, but it's standing firm.

Fortune

The founder of OLIPOP has been dead set on remote work before it became popular, even after 'begrudgingly' considering a return to office

Early on, investors told Ben Goodwin that to succeed, OLIPOP “really, really needed” an office. He’s “thrilled” he didn’t cave.

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news in one place.

100's of premium titles.
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Fortune

Olipop’s 38-year-old founder reveals his daily routine

Olipop founder Ben Goodwin spends his evenings mixing microbiome-friendly formulas for his next viral sensation.

Fortune

AI could be humanity’s last chance to meet climate goals. Here’s why

AI could mitigate 5 to 10% of global greenhouse gas emissions by 2030–the equivalent of the total annual emissions of the European Union.

Fortune

NY attorney general’s office touts Gemini and DCG lawsuit in renewed push for expanded crypto role

Letitia James is pushing for increased regulatory powers after the Department of Financial Services failed to prevent the collapse of Gemini Earn.

Fortune

Why the CEO of the 12th largest U.S. retailer is a proponent of self-checkout despite uptick in theft

Ahold Delhaize unloaded FreshDirect after less than three years as it became clear how tough e-commerce is for grocers.

Fortune

The University of Michigan’s $17.9B endowment has trimmed down its private fund investments

The endowment cut back its new investments in venture capital and private equity by more than 40% in the 12 months ending in June 2023, according to documents reviewed by Fortune.

Fortune

Stressed-out employees are multitasking to survive virtual meetings–and bosses hate it

'Our meeting culture needs an overhaul,' writes Dr. Gleb Tsipursky.

Fortune

Our condo went up so much in value we were able to cash in and buy our dream home—and we're happy to swallow a mortgage twice as big until rates come down

"Mortgage rates were not going to change our plans. We weren't going to base our lives on that."

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