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The Latest Breaking News from Fortune

Layoffs are hitting HR and DEI teams at a disproportionately high rate. Here's why companies need generalists to thrive

Don't count HR out in our new era of workplace culture.

Fortune

Carl Icahn’s activist play plays into the hands of Lina Khan and EU regulators

Every company with acquisition plans in the U.S. and Europe should be concerned about the FTC partnering with EU regulators to sink the Illumina-Grail deal.

Fortune

More CEOs may be skeptical of ESG. Their millennial and Gen Z employees feel differently

A new survey finds that support for business involvement in social and environmental issues is strongest among young people.

Fortune

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Hedge fund billionaire Steve Cohen says focusing too much on a looming recession could make you miss the 'big wave' of A.I. opportunity. 'I'm actually pretty bullish.'

“I’m making a prognostication—we’re going up,” the billionaire investor said at a private event Tuesday, Bloomberg first reported, citing unnamed sources.

Fortune

A fertility app with lots of leaks

The agency says the fertility app Premom deceived users about their data.

Fortune

Brooklyn-based Coin Cafe ordered to return $4.3 million to 'defrauded' crypto investors by New York New York attorney general

The move comes two weeks after the office proposed sweeping crypto legislation for New York State.

Fortune

A boss wrote 'xx' in an email and an employee sued him for sexual harassment

Alexander Goulandris used 'xx' in emails to indicate where he required more information but it was misinterpreted as kisses.

Fortune

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High-earning millennials say making over $100k doesn't always add up to a lot: 'Are we getting by? Yes. But we’re not getting ahead.'

"I recognize that I’m extremely privileged, but I still feel mounting pressure when it comes to our finances," says Kelly, 29.

Fortune

LTK's founder started the influencer marketing platform with $236. Now it's worth $2 billion

"I was my first customer. I was living at home eating my dad's cereal, and I was highly motivated."

Fortune

A Meta exec once turned down CEO jobs to work a 4-day workweek

The shortened workweek helped Nicola Mendelsohn grow as a leader, she said at Fortune's Most Powerful Women Next Gen conference.

Fortune

Inflation might be subsiding–but a proposed ‘can tax’ could mean higher grocery prices for American consumers

'Americans shouldn't have to subsidize Cleveland-Cliffs at the grocery checkout,' says the Consumer Brands Association.

Fortune

'How am I going to make payroll on Monday?' Top execs share what they were thinking when SVB failed

"I'm telling my LPs, technically, unless [hotlink ignore=true]BNY Mellon[/hotlink] goes down, we're fine," said Sarah Kunst, founder, and general partner at Cleo Capital. "Meanwhile, I'm like laying on my kitchen floor, thinking the world is over."

Fortune

Former IBM CEO Ginni Rometty: Run towards conflict to be a resilient leader

In an uncomfortable or challenging situation, “most people don’t run towards it,” Ginni Rometty said. They should do the opposite.

Fortune

America had the debate about paying its debt after the Revolution and the Civil War. Here’s why we reached the same conclusion twice

America's leaders recognized the impact on the country's future if the U.S. defaulted–and put the obligation to pay its debt in the Constitution. Twice.

Fortune

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Cathie Wood on why so many retail investors follow her investments—even when it's wrong

Even when it's a misfire, Ark’s research “is the best in the world” and “right,” Cathie Wood said at Fortune's Most Powerful Women Next Gen conference.

Fortune

Microsoft exec tells employees to make stock price go up to increase their pay

Microsoft CMO told staff that their best way to increase salary is to make the stock go higher, after selling $4.4 million worth of stock this month.

Fortune

Target CEO: DEI has ‘fueled much of our growth over the last 9 years’

CEO Brian Cornell says doing what's right for employees and the company culture adds value for shareholders.

Fortune

Former IBM CEO Ginni Rometty shares the 3 things that made her a better leader

Growth and comfort don’t exist, former IBM CEO Ginni Rometty told the crowd at Fortune’s Most Powerful Women Next Gen conference in San Diego on Wednesday. “Most people don’t run towards it.”

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Fortune

AARP is recruiting Gen Z in an unconventional way—with a pension

We tell them it's "free money," AARP's compensation and benefits head said at Fortune's Most Powerful Women Next Gen conference.

Fortune

The NFL’s first Black female president is trying to make Gen Z and women care about football

Sandra Douglass Morgan is the first and only Black president in the NFL. She's taking the league's audience to new heights.

Fortune

How being a professional climber (and amateur mother) taught me that we’re doing conservation wrong

This is the difference between mere conservation and climate justice.

Fortune

The A.I. revolution could be under threat as Big Tech attempts to take web data out of the public domain

If Big Tech is allowed to build a walled garden around internet data, A.I. can't reach its full potential–or be democratized.

Fortune

The Big Squeeze: The housing market is so unaffordable that builders have no choice but to build smaller homes

“Fundamentally, every major housing market in the country is overpriced right now,” says Matt Saunders at John Burns Research and Consulting.

Fortune

Glossier CEO says the DTC beauty unicorn embraced Sephora sales after listening to its customers

"DTC isn't our value proposition. It's a channel."

Fortune

Ripple acquires crypto custodian Metaco for $250 million

The company declined to provide additional details on the deal.

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