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The Latest Breaking News from Fortune

Exclusive: The banks that funded Elon Musk’s $44 billion Twitter deal may have a ‘sell-down letter’ to prevent them from breaking ranks

Morgan Stanley, Barclays, and Bank of America have agreed to what's known as a joint "sell-down letter," which prevents any member of the pact from selling off their X debt on the cheap without including the other members.

Fortune

Is it time to ditch return-to-office mandates?

Return-to-office mandates are infuriating hybrid and remote workers; experts weigh in on the right way to do it.

Fortune

Expedia CEO says people always choose cheaper travel options over greener ones

Expedia's CEO says people will always choose the cheaper travel option over the greener one despite their climate change concerns.

Fortune

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Meet the 34-year-old CTO behind OpenAI's ChatGPT

Mira Murati isn't a household name—but the product she oversees is.

Fortune

Bad news for 'lazy girl' employees: A boss who axed 90% of his staff and replaced them with AI say 'copy and paste' jobs are done

Suumit Shah, the CEO of India-based Duukan, sparked backlash for replacing most of his customer support team with chatbots earlier this year.

Fortune

Almost no one really pays inflated college sticker prices–they just make education seem expensive. Now more colleges are getting real about tuition

Private colleges cut, on average, 56.2% of tuition for first-time undergraduate students.

Fortune

A thank you to the Term Sheet community

To the wonderful Term Sheet community: Thank you.

Fortune

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Salesforce-owned Slack is taking a week off

Salesforce-owned Slack employees will take a week off starting Monday, setting aside their regular work duties in order to reach "Ranger Status" on Salesforce's proprietary online learning platform.

Fortune

The chief people officer behind the strangest hybrid policy in the Fortune 500 pulls back the curtain on how they got workers back in office

"We're not keeping score, and hope employees aren't, either," J. M. Smucker Co.'s Jill Penrose says.

Fortune

Mourning the mentor: Gen Z longs for a coach at work, but many can't find one

Junior employees are struggling to find someone to help them boost their career in a post-pandemic workplace.

Fortune

Bank founded by American billionaire sees shares plummet amid reports lender is scrambling to boost its balance sheet

Shares of Metro Bank fell nearly 30% as investors continued to dump the stock amid concerns over the quality of its residential mortgage loans.

Fortune

America has a second, thriving auto industry–and a prolonged UAW strike could threaten it too

A study released by SEMA found that consumers spent $52 billion in the last year on car parts and accessories, fueling the specialty aftermarket industry.

Fortune

Fortune's 2023 Most Powerful Women list is here

Execs from Meta, Chanel, CVS Health and more appear on Fortune's Most Powerful Women list.

Fortune

Alibaba’s Belgian hub is being monitored over ‘espionage’ concerns, report says

A representative for Alibaba told Fortune it strongly denied the claims "based on prior conjecture."

Fortune

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Apple CEO Tim Cook got a $41 million payday after massive stock sale, as the iPhone maker’s shares creep down from summer highs

Apple CEO Tim Cook had a multi-million pound payday as he vested awards as part of his compensation package.

Fortune

Meet the CFOs on Fortune’s list of the Most Powerful Women in Business

One hundred women leaders across industries earned a spot on the 2023 list, including several finance chiefs.

Fortune

Here’s how Kim Kardashian and Carlyle vet Jay Sammons’ new firm is shaping up

The duo have hired eight employees for their newly-launched PE Firm SKKY Partners, and are honing in on their first investment.

Fortune

GM’s Mary Barra is charging ahead on EVs and navigating the UAW auto strike. It’s a valuable lesson in playing the long game

Barra is an example of an executive who has found success by sticking to her mission.

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news in one place.

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Fortune

Who is Mira Murati? The interim CEO of OpenAI is building ChatGPT after Sam Altman’s shock ouster

Murati talks with Fortune about the ultra-high stakes in the generative AI revolution.

Fortune

CVS CEO Karen Lynch is again the most powerful woman in business

Pay attention to how well women business leaders have penetrated the most important sectors of the economy.

Fortune

Salaries, hiring, AI: Here’s what’s really happening with U.S. tech jobs

In the first half of 2023, the U.S. shed almost 100,000 tech jobs.

Fortune

The 3 big mistakes financial advisors say that the $1.2 billion Powerball winner should never make

Such a large sum of money presents plenty of opportunity—for better and worse.

Fortune

Unicorn Carta sees lawsuits stack up as two more female employees make serious claims against company

Fortune has learned of two new lawsuits that accuse Carta of mistreating female employees.

Fortune

Making corporate social impact sprawl work for you

Corporate social impact sprawl is increasingly a feature of today’s commercial realities, not a bug.

Fortune

Elon Musk’s $13 billion whip hand against Wall Street: How interest rates and the financial disaster at Twitter put the world’s richest man in the driver’s seat

Might Musk be looking to buy back X's debt at a steep discount? It would be just the kind of swashbuckling coup he so relishes.

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