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How a trio of 20-something entrepreneurs used the 'Terminator gene' to help launch $16.7bn investment firm

“Everyone thought we were totally mad,” Chris Hulatt recalls of the moment he and his co-founders dropped out of the grad program to launch...

latest 3

Fortune

Orianna Rosa Royle

Jamie Dimon says America needs to ‘take a deep breath’ before facing off with China, because the U.S. is actually in a ‘very good position’ to negotiate

"We have all the food, water and energy we need."

yesterday 20

Fortune

Eleanor Pringle

Blinken visits Beijing as U.S. and China spar over trade and Taiwan

U.S. Secretary of State met with senior Chinese officials and warned of the dangers of misunderstandings and miscalculations.

yesterday 10

Fortune

Matthew Lee

High interest rates aren't helping banks as they did before

The high street bank reported a pretax operating profit of $1.6 billion, and shares rose as much as 4.1% in early trading to the highest in 14...

yesterday 10

Fortune

William Shaw

ByteDance shoots down reports it might sell TikTok in U.S.

Reports otherwise “are untrue” the company says.

yesterday 10

Fortune

Chris Morris

AI is soaring at Microsoft, but Xbox hardware sales are hitting rock bottom

Hardware revenue falls 30%.

yesterday 10

Fortune

Chris Morris

AI leaders, including Sam Altman and Jensen Huang, join the federal AI safety board

Tech leaders will advise Department of Homeland Security.

yesterday 10

Fortune

Chris Morris

Huawei reportedly keeps getting advanced chips, even as the U.S. tries to tighten the screws on China's semiconductor industry

Huawei's latest smartphone, the Pura 70, features another advanced chip according to a teardown by the consultancy TechInsights.

yesterday 30

Fortune

Lionel Lim

Aviation results: European carriers EasyJet and Jet2 fly to new heights, while Airbus prepares to overtake Boeing as headwinds continue

It's been an eventful few days for aviation players—from Airbus to Heathrow. Here's how they fared.

yesterday 20

Fortune

Prarthana Prakash

These high-yield savings accounts give returns over 5%

The Fortune Recommends top picks for the best high-yield savings accounts offers customers the chance to earn over 5% APY.

yesterday 20

Fortune

Casey Bond

Scientists inspired the right guardrails for nuclear energy, the internet, and DNA research. Let them do the same for AI

Like with other tech that exposed humanity to possible annihilation, a Pugwash conference for AI scientists is urgently needed.

yesterday 20

Fortune

Fadi Chehadé

China signals TikTok should fight ‘robbers’ sell-or-ban U.S. law meant ‘to snatch from others all the good things that they have’

TikTok vowed to challenge the new U.S. law, which requires ByteDance to divest its stakes within a year to avoid a ban.

yesterday 10

Fortune

Didi Tang

USDA tells poultry producers to reduce salmonella in certain chicken products to help prevent food poisoning

Poultry producers will be required to bring down salmonella bacteria levels to help prevent food poisoning

yesterday 10

Fortune

Jonel Aleccia

Foreign states are targeting U.K. universities to enhance their own 'economic and military capabilities' MI5 warns

The U.K. government is cautious about China's financial support for university programs in the U.K. and the growing number of students from the...

yesterday 10

Fortune

Isabella Ward

Departing top Tesla exec cashes out almost his entire stake for $181 million as longtime bull Ron Baron calls bottom in the stock

Baron, whose largest position is in Tesla, is betting the new shift in strategy for Tesla's low cost car will fill its increasingly empty factories.

yesterday 10

Fortune

Christiaan Hetzner

Alphabet and Microsoft send clear message to investors: Our AI spending is paying off

The companies trounced Wall Street estimates with their latest quarterly results, lifted by a surge in cloud revenue — fueled in part by booming...

yesterday 10

Fortune

Julia Love

Betting that Trump’s Truth Social will flop has been very profitable for a hardy band of mostly amateur Wall Street investors

As of Friday morning, a month since Trump Media’s initial public offering sent its stock to $66.22, it has plunged to $38.49.

yesterday 9

Fortune

Bernard Condon

Walmart CEO started his career unloading trailers at the warehouse

Walmart's CEO went from earning $6.50 an hour to $25 million a year—here are his three tips for climbing the corporate ladder like him

yesterday 7

Fortune

Orianna Rosa Royle

French President Macron said Europe will 'not be a geopolitical priority' for the U.S. and urges the continent to develop its own defense strategy

“We now have uninhibited regional powers that are also building up their capabilities — Russia and Iran, to name but two. Europe is encircled,"...

yesterday 8

Fortune

Ania Nussbaum

Google just dropped millions of dollars to teach more people how to use AI—and an exec says it could 'create a reinvigoration of the American middle class'

AI 101 courses could produce a massive ‘upleveling effect,’ one Google exec told Fortune.

yesterday 7

Fortune

Jane Thier

Minneapolis imposes $15 a pack minimum for cigarettes—$2 more than NYC—to curb smoking

The ordinance not only sets a floor price. It prevents smokers and retailers from getting around it by prohibiting price discounts and coupons.

yesterday 20

Fortune

Steve Karnowski

Isn’t it time your checking account paid you back?

Want to earn some extra cash on a new checking account? Here are 10 accounts with cash bonuses.

yesterday 30

Fortune

Abigail Rueger

In the latest blow for the London Stock Exchange, U.S. private equity firm Thoma Bravo snaps up British cybersecurity star Darktrace for $5 billion

Darktrace’s board said that its success is not reflected in its current valuations as its shares are trading lower than those of its peers.

yesterday 5

Fortune

Prarthana Prakash

What is TSA PreCheck? Plus, how to get it nearly free

TSA PreCheck can help you travel smarter and get through airport security more quickly.

yesterday 4

Fortune

Adam B. Frankel

Bitcoin ETFs stall: BlackRock ends 71-day streak, Fidelity sees first outflows

The Bitcoin ETF frenzy has cooled a bit with the original cryptocurrency hovering near $63,500.

yesterday 2

Fortune

Niamh Rowe

The financial services gender pay gap in Europe is so large

Just 183 out of 2,017 people earning more than $1.1 million were female in 2022.

yesterday 2

Fortune

Nicholas Comfort

Owner of vaping supply business that exploded arrested while preparing to catch a one-way flight to Hong Kong

A suburban Detroit business owned by Noor Noel Kestou caught fire and exploded in March, killing a man.

yesterday 1

Fortune

The Associated Press

Demand for office space is skyrocketing, especially in New York City and Los Angeles

For the ninth straight month, office space demand has shown positive year-over-year growth.

yesterday 1

Fortune

Jane Thier

Tesla’s Elon Musk speeds past Mark Zuckerberg on the billionaires list after Meta stock plummets on its cash-sucking AI plans

Zuckerberg passed Musk on the list earlier this month.

yesterday 1

Fortune

Marco Quiroz-Gutierrez

The surging price of parenthood: Most Americans say raising a child was more expensive than they thought it would be

Having a kid during a time of high inflation costs, on average, $11,505 per year.

yesterday 1

Fortune

Chloe Berger

With inflation still high and economic growth slowing sharply we could be heading toward stagflation, a scenario 'nobody is really prepared for,' UBS exec says

After preparing for a recession, and hoping for a soft landing, the U.S. might end up in an unexpected bout of stagflation.

yesterday 1

Fortune

Paolo Confino

The Fed's favorite inflation gauge sped up in March, a conundrum for rate hikes—and Biden's re-election prospects

Measured by the PCE index, prices were up 2.7% year-over-year in March, up from a 2.5% annual rise in February.

yesterday 1

Fortune

Christopher Rugaber

The economy is moving us back into the 19th century as fertility rates plunge

The U.S. birth rate from 2023 was down 2% from 2022, according to the Centers for Disease Control and Prevention.

yesterday 1

Fortune

Sydney Lake

Meta’s investors are worried about the billions it’s spending on AI—but its advertising empire makes it a positive, Deutsche Bank says

Investors balk at $40 billion in spending, sending stock falling—but analysts say Meta’s advertising advantage is a perfect use case for AI.

yesterday 1

Fortune

Dylan Sloan

Do the youth dream big anymore? Rapper Common just launched a new education campaign to ensure they do

Known for his acting and rapping, Common hopes he can use story to empower young people to dream big.

yesterday 3

Fortune

Preston Fore

Exxon's profits are falling, but CEO Darren Woods' compensation rose last year—here's how the oil giant rewards its top exec

Exxon’s so-so first quarter came on the heels of record profits in 2022.

yesterday 1

Fortune

Amanda Gerut

American Express Launches a Limited-Time Offer on the Business Platinum—Here’s who should apply

Business owners can earn, for a limited time,150,000 Membership Rewards points with a new offer from the Business Platinum Card® from American...

yesterday 1

Fortune

Ben Luthi

More Americans are working past age 65—and that’s good news for employers

Companies that understand the advantages that boomers provide will have a leg up in building more effective teams.

yesterday 1

Fortune

Martha Bourdreau

Buffett-owned real estate brokerage pays $250 million to settle claims that agent commissions break antitrust law

HomeServices of America is the latest to settle a Missouri lawsuit filed on behalf of homebuyers.

yesterday 1

Fortune

Prashant Gopal

Emmanuel Macron has new favorite bakery as best baguette in Paris is crowned

Xavier Netry of Boulangerie Utopie will deliver baguettes to Macron and his staff after beating 172 competitors to make the best baguette in Paris.

yesterday 4

Fortune

Ryan Hogg

It’s still a golden age of homebuilding, according to one top real estate CEO. Here’s why

“It’s that unique confluence of strong demand, no supply because there’s no resale inventory, and large public builders with a meaningful...

yesterday 2

Fortune

Alena Botros

Southwest’s earnings are so bad it’s leaving 4 airports—and considering scrapping its open-seating plan

Southwest also froze hiring to cut costs.

yesterday 2

Fortune

Marco Quiroz-Gutierrez

Pottery Barn parent Williams-Sonoma fined for marketing its furniture as 'crafted' in the U.S. when it was actually made in China

In addition to paying a penalty, the company will be required to submit annual compliance reports, the FTC said.

yesterday 1

Fortune

The Associated Press

Jamie Dimon says to get a job at JPMorgan, what you study in college ‘almost doesn’t matter’

The bank CEO says the company looks for candidates who are “smart, ethical, decent people.”

yesterday 1

Fortune

Paolo Confino

Commercial tax-prep companies lost out on $5 billion in fees thanks to IRS' direct file, government says

Some 140,000 taxpayers filed taxes for free via a pilot program.

yesterday 1

Fortune

Fatima Hussein

Activist hedge fund Elliott bets $1 billion on British platinum producer

The activist hedge fund led by Paul Singer has exposure to almost 33.6 million Anglo American shares via derivatives, per a filing.

yesterday 1

Fortune

Crystal Tse

Philadelphia-based Republic Bank implodes in first failure of the year

Republic First Bank had roughly $6 billion in assets and $4 billion in deposits as of Jan. 31.

yesterday 0

Fortune

The Associated Press

The top 5 books these mental health experts say will help you combat burnout at work and build healthy habits

What to read when you're feeling overwhelmed at work.

yesterday 0

Fortune

Alexa Mikhail

Billionaire Miami Dolphins owner wants South Florida to be more like Manhattan—'I still love a challenge'

“I want to make West Palm a model city for the country," said Related Cos. founder, Stephen Ross.

yesterday 0

Fortune

Natalie Wong

U.S. debt panic: Are Americans becoming more 'European' about money?

Jamie Dimon and Jerome Powell are taking the European viewpoint on soaring debt levels in the U.S.

yesterday 10

Fortune

Ryan Hogg

An emergency slide ripped off a Boeing-made jet during a Delta flight from New York to Los Angeles

Delta said the plane was removed from service for evaluation and it was cooperating with investigators.

yesterday 7

Fortune

The Associated Press

New York outlaws sales of diet pills and muscle-mass builders to kids

Protein supplements and shakes are exempt, unless they contain another weight-loss or muscle-building ingredient.

previous day 20

Fortune

Maysoon Khan

Hertz is done gambling with EVs: It took a first-quarter $195 million hit on Teslas that just keep losing value and can’t sell them fast enough

Three years ago, investing in a fleet of 100,000 is what helped the car rental company emerge from bankruptcy.

previous day 10

Fortune

Sasha Rogelberg

How to watch the 2024 NFL Draft for free—and without cable

USC’s Caleb Williams should kick things off.

previous day 8

Fortune

Chris Morris

An athletic director used AI to fake a high school principal's racist tirade, and police say state laws need to catch up

One of the charges “only carries a 6-month sentence,” said the Baltimore County state's attorney.

previous day 30

Fortune

Ben Finley

Biden administration’s tough new EPA rules would force coal-fired power plants to capture emissions or shut down

New limits on greenhouse gas emissions from fossil fuel-fired electric plants are the Biden administration's most ambitious effort yet to roll back...

previous day 10

Fortune

Matthew Daly

TikTok says it will sue U.S. over sell-or-ban law on First Amendment grounds

For years, lawmakers on both sides of the aisle have expressed concerns that Chinese authorities could force ByteDance to hand over U.S. user data.

previous day 3

Fortune

Wyatte Grantham-Philips

AstraZeneca encounters a surge in shares as profits exceed expectations, buoyed by demand for cancer drugs

Astra's shares rose as much as 6.5% in early London trading, the most in over three years. 

previous day 10

Fortune

Ashleigh Furlong

Ask Andy: How can a startup founder balance work and family?

Bonobos founder Andy Dunn answers questions about juggling entrepreneurship and parenthood, and about how to organize a fast-growing startup team.

previous day 3

Fortune

Andy Dunn

It’s not just investors watching the Fed

A stronger U.S. dollar can lead to more pressure on currencies in emerging economies which could then trap their respective central banks in a bind.

previous day 10

Fortune

Lionel Lim

BHP proposes deal to buy Anglo American in $39 billion mining mega-merger

Anglo shares jumped 13% in London on Thursday morning to £24.91 apiece, for a market value of £30.5bn. BHP, which has a value of about $144bn, fell...

previous day 10

Fortune

Thomas Biesheuvel

Jefferies CEO Richard Handler promises he’s still ‘extremely bullish’ despite selling $65 million in stock to buy himself a luxury yacht from a client

Jefferies CEO often encourages workers to protect their work-life balance—and he’s just taken a leaf out of his own book by splashing out on a...

previous day 9

Fortune

Orianna Rosa Royle

Hermes emerges as the outlier with strong China sales, while the rest of luxury bleeds from the lack of shoppers

Sales jumped to $4.1 billion in the first quarter, and shares rose as much as 1.3%, beating LVMH Moet Hennessy Louis Vuitton SE and Gucci owner...

previous day 3

Fortune

Angelina Rascouet

Fortune Future of Finance Livestream

The summit will welcome to the stage everyone from senior Wall Street executives to next-generation finance leaders.

previous day 9

Fortune

Fortune Editors

'Americans just work harder' than Europeans, says CEO of Norway's $1.6 trillion oil fund, because they have a higher 'general level of ambition'

"We are not very ambitious. I should be careful about talking about work-life balance, but the Americans just work harder.”

previous day 50

Fortune

Eleanor Pringle

How U.S. moves to drastically limit ‘noncompete’ agreements and expand overtime pay will affect workers

The new rules don’t take effect immediately. And they won't benefit everyone. So what exactly would these rules mean for America's workers?

previous day 30

Fortune

Cathy Bussewitz

Spanish fashion house Puig is set to go public in Europe's largest offering of the year

CEO Marc Puig plans to raise $2.8 billion in an IPO that could give the group a market value of €13.9 billion. The IPO would add the Puigs to the...

previous day 20

Fortune

Clara Hernanz Lizarraga

Instagram influencer ‘Jay Mazini’ who swindled millions in crypto scheme that preyed on Muslims sentenced to 7 years in jail

He built a following in part by filming cash giveaways, often handing stacks of money to fast food workers or everyday people checking out at Walmart.

previous day 10

Fortune

The Associated Press

A new Cold War is brewing at sea–and the West’s security and prosperity are at stake

Maritime shipping accounts for 90% of all world trade.

previous day 10

Fortune

Matan Peled

Boeing’s financial woes continue as families of 737 Max crash victims push U.S. to prosecute the plane maker

About a dozen relatives of passengers who died in the second crash met with government officials for several hours Wednesday in Washington.

previous day 10

Fortune

David Koenig

USC cancels May graduation ceremony as concerns mount about pro-Palestinian protests on college campuses

USC announced the cancellation of the May 10 ceremony a day after more than 90 protesters were arrested on campus.

previous day 40

Fortune

Steve Leblanc

FCC brings back net neutrality—'broadband is a necessity, not a luxury,' chair says

The rules ban practices that reserve higher speeds for the services or customers willing to pay more for them.

previous day 7

Fortune

David Hamilton

Shares of Microsoft-backed Rubrik jump as much as 25% on first trading day

“Institutional investors get it right on average,” one finance expert told Fortune.

previous day 5

Fortune

María Soledad Davila Calero

PBS Retro brings back your childhood favorite shows

Options include Mister Rogers Neighborhood, Zoboomafoo and Reading Rainbow.

previous day 30

Fortune

Chris Morris

Domino's will tip you if you tip your driver

Tip $3, get a $3 coupon.

previous day 4

Fortune

Chris Morris

Biden's labor secretary touts auto union's win in the South: 'That choice belongs to the workers'

Workers at a Chattanooga VW plant voted 3-to-1 to join the UAW, a choice Tennessee's governor called "a mistake."

previous day 4

Fortune

The Associated Press

British PM wants to reform the country’s disability benefits by ending ‘sick note culture’ that 'overmedicalizes everyday challenges’

In a speech proposing reforms to Britain’s welfare system prime minister Rishi Sunak said people with “less severe” mental health conditions...

previous day 4

Fortune

Paolo Confino

Superbugs could lower your life expectancy by nearly 2 years, report says. What to know about antimicrobial resistance

Uncontrolled AMR is also projected to cost the world $855 billion annually until 2035, international leaders say.

previous day 4

Fortune

Lindsey Leake

Burned out and underappreciated, women’s career advancement had stalled long before the anti-DEI backlash

Despite all the talk about gender equity and diversity, the reality is most companies just haven't made it a priority.

previous day 4

Fortune

Tacy M. Byham

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.

previous day 10

Fortune

Casey Bond

High interest rates catch up to economic growth as GDP slows dramatically to 1.6%

Consumers kept spending at a solid pace, but overall, the economy's “momentum is cooling," said one economist.

previous day 10

Fortune

Paul Wiseman

American Airlines CEO fumes at Boeing’s fails—’Get your act together’

Boeing’s production problems have taken a toll on airline earnings and some are luckier than others.

previous day 3

Fortune

Marco Quiroz-Gutierrez

Fortune Brainstorm Health Livestream

Join powerful leaders at the crossroads of business, technology, and health care for crucial conversations and connections May 20–21, 2024.

previous day 2

Fortune

Fortune Editors

Movement Labs raises $38 million to build layer-2 blockchain on Ethereum with Facebook tech

Polychain led the Series A funding round, which included participation from Hack VC, dao5, and Robot Ventures.

previous day 8

Fortune

Leo Schwartz

New York's highest court overturns Harvey Weinstein's 2020 rape conviction: 'An abuse of judicial discretion'

The court ordered a new trial for Weinstein, 72, who is serving a 23-year sentence.

previous day 7

Fortune

Michael R. Sisak

The economy seems weaker than advertised and inflation is still running hot—it’s the ‘worst of both worlds’

David Donabedian, CIO of CIBS Private Wealth US, warned the spike in core inflation seen in the latest GDP report is a major setback for the...

previous day 6

Fortune

Will Daniel

How the ordeal of getting an ear piercing pushed a 34-year-old mom to ditch her law career to launch the adult version of Claire's

The 39-year-old mom of two needs full night's sleep, every night. And no compromising on the small details.

previous day 7

Fortune

Jane Thier

Venice locals blast $5 entry fee for turning city into a 'theme park'

Locals want the local government to focus on housing instead of creating policies that revolve around tourism.

previous day 4

Fortune

Ryan Hogg

Top Apple analyst warns Vision Pro demand fell much faster than anticipated

'The challenge for Vision Pro is to address the lack of key applications, price and headset comfort,' warned Apple analyst Ming-Chi Kuo.

previous day 3

Fortune

Christiaan Hetzner

Sam Altman’s Worldcoin eyeing partnerships with PayPal and OpenAI

Tools for Humanity has dropped hints it soon could be collaborating with major tech and finance companies, despite a declining rate of new users.

previous day 4

Fortune

Niamh Rowe

Unilever and LVMH have one common bright spot—people love spending on beauty, and it’s outshining their other products

Beauty has been an important driver in Unilever and LVMH's recent earnings—is it just the lipstick effect or more?

previous day 2

Fortune

Prarthana Prakash

JPMorgan Chase CEO Jamie Dimon says Bidenomics is only 'partially' working as many Americans aren’t feeling 'lifted up by this economy'

Dimon lauded President Biden's infrastructure spending, but questioned whether some Americans are being left behind in the current economy.

previous day 3

Fortune

Will Daniel

SEC sued over Ethereum, crypto firm asks court to state token is not a security

The lawsuit was filed by MetaMask maker Consensys, which is seeking an injunction to block the SEC from investigating Ethereum.

previous day 3

Fortune

Jeff John Roberts

Chipotle is simultaneously cutting costs and avocados as it greenlights robots to make your guacamole

“In our restaurants, we continue to explore technology tools that could drive higher productivity and improve the overall experience for our...

previous day 3

Fortune

Chloe Berger

Mortgage rates are a ‘wild card’ in the housing market—and they’re edging closer to 8%

Higher mortgage rates could trigger more pullback in sellers, Realtor.com’s chief economist wrote in a weekly report.

previous day 4

Fortune

Alena Botros

Now might be the time to move to Florida as inventory levels surge and sellers slash prices

It may only be worth it, though, if you’re willing to pay higher insurance rates.

previous day 4

Fortune

Sydney Lake

Biden bets big on Idaho chips—of the semiconductor variety

Biden administration announces $6.1 billion Chips Act grant for Boise-based semiconductor maker Micron.

previous day 2

Fortune

Dylan Sloan

Delta SkyMiles: Everything you need to know

As a loyalty program, Delta SkyMiles has valuable rewards and eye-popping perks—but if you’re keen to reach elite status, you’re in for a rather...

previous day 3

Fortune

Chris Butsch

Meet the 'professional namer' who directed Accenture’s $100 million name change: 'It’s the best job in the world'

“We develop over 1,000 names, and we slaughter every one of those darlings except for one,” Anthony Shore said about his naming process.

previous day 3

Fortune

Jasmine Li

Does Medicare cover physical therapy? Yes, and you might be eligible for more services, too

Medicare provides coverage to manage a chronic condition, treat an injury or illness, or to ensure you can maintain your independence.

previous day 20

Fortune

Margie Zable Fisher

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