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The Latest Breaking News from Fortune

J.C. Penney CEO Marc Rosen goes back to basics after years of flashy flops

The department store had lurched from one reinvention to the next, yet none stanched the years-long sales slide.

Fortune

Why JCPenney's CEO thinks he'll finally turnaround the struggling retailer

JCPenney is banking on serving shoppers of color to finally get back to growth.

Fortune

Silicon Valley Bank might have just blown up a banking regulation that was put in place at the depths of the Great Depression

Why deposit insurance matters: Without it, America's press secretary had to put his money under a mattress in the 1930s.

Fortune

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Ron DeSantis proposed a bill to ban CBDCs. A trade policy professor calls that 'a little ludicrous'

With his eyes on the 2024 presidential election, the Florida governor's proposal "is largely a political gesture."

Fortune

How drone company Zipline turned one country’s logistical nightmare into a foundation for success

The world's largest commercial drone delivery system launched by delivering blood to hospitals around Rwanda.

Fortune

Don’t believe the pundits who conflate middle-class entrepreneurs and Big Tech. Startups are today’s mom-and-pop businesses

Criticize the billionaires and the VCs all you want–but remember that they’re not the majority of depositors affected by the news.

Fortune

Climate change is exacerbating the global water crisis. Corporations must be part of the solution

771 million people are still living without access to safe water. 1.7 billion do not have a toilet–and the situation is getting worse.

Fortune

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Mozilla: ‘Artificial intelligence could make tech more unequal and harmful than ever before–or fix the world. We’re launching a community to build trustworthy A.I. outside the walled gardens’

Mozilla is launching an open-source A.I. community to make sure the space isn't monopolized by Big Tech.

Fortune

Miami startup founders seem to have one thing in common: Mayor Francis Suarez

"I moved here because the mayor tweeted at me."

Fortune

The big winners of the pandemic: 2% mortgage rate holders

Homeowners who locked in mortgage rates around 2% or 3% may just be the big financial winners of the pandemic, given that rates are currently hovering around 7%.

Fortune

The bank collapses triggered by SVB have uncanny parallels to the savings and loan crisis of the 1980s

“The arithmetic behind it was timeless," George Ball of Sanders Morris Harris told Fortune.

Fortune

‘This was never the plan’: How Bomani Jones scored a hit HBO show and stayed at ESPN 20 years after flunking out of graduate school

The “Game Theory” talks to Fortune about growing his podcast by double digits in the pandemic, then landing his own TV show.

Fortune

From telemarketers to English teachers, these jobs are most in danger of being taken over by robots in the AI revolution

A study found the advancement of ChatGPT-like tools will mean that some workers need to adjust or risk losing their jobs.

Fortune

Biden weighs in on the battle for the soul of Wall Street. Here’s how the president’s first veto will shape the way Americans’ money is managed

ESG investing is inherently apolitical. Investors have a duty to consider all economically relevant and useful information in their investment decisions.

Fortune

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news in one place.

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Fortune

DEI’s critics are missing the point. The real story is how companies have been quietly backsliding on diversity and gender equity

Corporate marketers are bombarding us with messages “celebrating” women’s accomplishments during Women’s History Month–but there is little to celebrate.

Fortune

Deadly drug-resistant fungus has spread to most U.S. states

Cases have been recorded in more than half of U.S. states over the past 12 months, with Nevada, California and Florida reporting the most infections.

Fortune

How the Fed's stress tests failed to stop a banking crisis

The stress tests themselves weren't predictive of what the banks would face.

Fortune

Sam Altman wants to give you crypto to scan your eyeballs. Can he get 8 billion people stare into a futuristic orb to prove they're not A.I. bots?

Inside the ChatGPT founder’s other venture, a crypto-powered sci-fi startup.

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Fortune

SVB was a hedge fund in disguise–and the banking crisis is an overreaction

The data thus far is telling us not to overreact. Yet, markets have already overreacted. That's an opportunity for savvy investors.

Fortune

These 133 housing markets saw home prices decline in February—these 267 markets ticked higher

The housing correction is losing steam. That's the conclusion Fortune has reached after analyzing the latest Zillow data.

Fortune

TikTok's parent company gives the first look at its corporate structure in 3 years

A new chart maps out ByteDance's complex family of global subsidiaries.

Fortune

Housing market ‘desperation’ drives the rise of teardowns

“We’re dealing with some pretty severe housing demand needs and people are just getting creative,” says New Jersey real estate professional Curtis Counts.

Fortune

Why I pulled my startup’s money from SVB the day before the collapse–and what lessons banks and entrepreneurs should learn

SVB believed in big ideas and were willing to place bets on founders of early-stage businesses. 'We are now left with a big void in the startup ecosystem.'

Fortune

5 lifestyle changes can significantly reduce your cancer risk, from giving up drinking to wearing sunscreen

A third to a half of all cancers are preventable.

Fortune

Microsoft's browser update includes a crypto wallet prototype. A researcher is 'pretty confident' of a wider release

The software researcher who found the prototype specializes in reverse engineering Windows products.

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