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The Latest Breaking News from Fortune

‘Generational wealth' influencers are touting the benefits of parents adding their kids to credit card debt

TikTok is rife with influencers advising parents give their children access to credit—but many aren’t being clear about the downside risk.

Fortune

Millennials are discovering this recession-resistant asset of the super-rich

JPMorgan, Christie's and LiveArt weigh in on why the asset of art is so powerful—but the pitfalls to be wary of.

Fortune

San Francisco could get 90% of its homeless off the streets with the country’s fiercest housing speculation tax, but landlords are already fighting it tooth and nail

The city by the bay has tens of thousands of vacant units and roughly 8,000 homeless, but will its vacant home tax have any effect?

Fortune

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TikTok’s Doctor Mike says you can over-optimize your health in the name of longevity. Here’s his best advice for living longer

“In medicine, the enemy of good is trying to be perfect," says Dr. Mikhail Varshavski

Fortune

Silicon Valley rushes to save the case for techno-optimism after Marc Andreessen’s hallucination of a manifesto

At a tech conference the day after Marc Andreessen’s manifesto went live, Sam Altman relayed many of the same points but without the bold proclamations that diluted the VC’s argument.

Fortune

Half of workers would rather have a strict 9-to-5 job than a flexible one

While flexible work hours are a perk for some employees, others would rather quit their jobs than work past 5 o'clock.

Fortune

Coty CEO says celebrity brands need more than a name to win repeat customers

Coty has invested in celebrity brands such as those from Kylie Jenner and Kim Kardashian.

Fortune

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TIAA CEO says work-life balance is a lie. Here's how she masters time management

TIAA CEO Thasunda Brown Duckett says work-life balance is a myth, and acknowledging it has made her a more present mother and executive.

Fortune

Why boomers are catching up with AI faster than Gen Zers, according to Microsoft’s modern work lead

Digital natives, who we might expect to be at the forefront of this technological shift, are falling behind.

Fortune

Amazon managers can now sack employees who won’t work from the office 3 days a week

“Continued non-compliance” with the tech giant’s return-to-office mandate could land employees in hot water, according to Amazon’s new management guidelines.

Fortune

Future of Finance: Coinbase’s Shirzad on public policy, crypto companies shaking off the FTX stigma, and empowering the unbanked

Shirzad said it it's frustrating that Bahamas-based FTX has sullied the image of domestic crypto players.

Fortune

LinkedIn is going through a vibe shift as Twitter trolls and harassment get sprinkled in with workplace updates

The mass exodus from Elon Musk’s X may mean people are congregating on LinkedIn, but being a mainstream social platform comes at a price.

Fortune

Web Summit founder's Israel Hamas comments: a case study in PR trainwrecks

Weeks before the 70,000-person Web Summit conference kicks off, founder Patty Cosgrove has been buffeted by a wave of cancellations and recriminations.

Fortune

Climate change is our greatest health crisis. The same investments can often address both threats

For the first time, there will be a dedicated Health Day at COP28, underscoring the growing understanding of the interplay between climate and health.

Fortune

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Fortune

Sam Bankman-Fried used $1.2 billion of customer money to buy out Binance CEO Changpeng Zhao, witness says. Will CZ pay it back?

“The amount of customer deposits held in Alameda Research and FTX.com accounts was way less than was owed to customers on FTX,” testified accounting professor Peter Easton on Wednesday.

Fortune

It’s official: The housing market is turning millennials into their parents. A Fortune 500 economist says it’s a deja vu market that is replaying the 1980s

When the boomers came of homebuying age, they had to contend with high rates, high inflation, and a crowded market. Sound familiar?

Fortune

These are the absolute best savings accounts available today (5% APY and up)

The Fortune Recommends team evaluated more than 60 high-yield savings accounts to find you the top picks.

Fortune

Biden's historic stand with UAW members shows how far labor activism has come in America. True equal pay should be next on his agenda

Apart from the direct $180 billion boost to public finances, closing the gender pay gap could channel an additional $512.6 billion into the U.S. economy.

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Fortune

Stripe co-founder embraces hybrid work: 'We had all these remote tourists wash in during COVID'

“Prior to COVID, we were more pro-remote than the consensus, and post-COVID, we are more pro-office than the consensus,” John Collison said.

Fortune

Best Buy CEO Corie Barry argues technology is a 'need'

Best Buy's CEO says the electronics retailer is part of a "misunderstood" industry.

Fortune

The Great Millennial Housing Regret

Many would-be millennial homebuyers feel locked out of this market.

Fortune

Sick of meetings? Microsoft’s new AI assistant will go in your place

From November, those willing to pay $30 a month can have Microsoft’s Copilot integrated into programs like Teams and Outlook.

Fortune

New York attorney general hits Gemini, Genesis, and Digital Currency Group with lawsuit for defrauding investors of more than $1 billion

Letitia James’s action adds to the legal headaches for the reeling crypto heavyweights.

Fortune

ESG is at a crossroads. A new framework can help companies avoid box-checking exercises

A roadmap for precisely what to say 'yes' to when it comes to ESG empowers a company to say 'no' to measures that are not tied to the business.

Fortune

Buyers—and sellers—need to prepare for mortgage rates nearing 8% and staying there indefinitely says a prominent chief economist

First American’s Mark Fleming says mortgage rates could get closer to 8%.

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