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Paolo Confino

Paolo Confino

Fortune

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Economic optimism belongs to the wealthy and for some mysterious reason the young, according to new data from The Conference Board

The elite's confidence is closely tied to the stock markets, but what makes young people optimistic is confounding, according to data from The...

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Netflix CEO Ted Sarandos says showrunners and screenwriters better start using AI or else someone who does will take their job

Hollywood creatives shouldn't be afraid of losing their job to A.I. but rather to someone who knows how to use it, Netflix co-CEO Ted Sarandos.

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Fed official says the U.S. has the 'luxury' to play the waiting game with inflation thanks to the strong labor market

The strong labor market is buying the Fed time to decide how many times it will cut rates—if at all.

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Jamie Dimon shocks Wall Street, hinting at his retirement in the next five years and reciting a laundry list of red flags about the global economy

Dimon says he’s “cautiously pessimistic” about the future of inflation, spending, and the geopolitical landscape.

21.05.2024 50

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The WNBA may block an effective 100% raise for its Las Vegas franchise’s players even as the sport reels from a huge gender pay gap

The WNBA has opened an investigation into a sponsorship deal between the Las Vegas Aces and the city’s tourism board. The team says to ask the...

20.05.2024 40

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Why can’t America have high speed rail? Because our investment is a ‘rounding error’ compared with Europe's, says Amtrak’s CEO

Even with billions in infrastructure funding, America’s rail investment is just a tenth of what some countries spend per capita.

19.05.2024 20

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A group of college kids may have just figured out how to get leaf blowers to shut up

Stanley Black and Decker was so enamored with the work of four Johns Hopkins engineering students it plans to sell the product in stores.

18.05.2024 30

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Paolo Confino

Singapore Airlines dishes out bonuses worth 8 months of salary after 2 years of record profits

Singapore’s national carrier is shrugging off a tough year for the airline industry.

18.05.2024 20

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BlackRock’s ‘boy wonder’ turned COO sees a ‘whole new world’ from generative AI: ‘Most significant … evolution, revolution of my 30-year career’

At Fortune's Future of Finance conference, Robert Goldstein said large language models mean AI is about "words and language" now, not just numbers....

16.05.2024 40

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AI will hit the labor market like a ‘tsunami,’ IMF chief warns. ‘We have very little time to get people ready for it’

It could also lead to more misinformation and inequality, Kristalina Georgieva warned.

14.05.2024 50

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Lab-grown red meat for the base: GOP governors have a new culture-war scapegoat

“Florida is fighting back against the global elite's plan to force the world to eat meat grown in a petri dish or bugs to achieve their...

13.05.2024 20

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A study found corporate recruiters have a bias against ex-entrepreneurs. They get stereotyped as not wanting to ‘be a small piece of the puzzle.'

In what’s referred to as the “entrepreneurship penalty,” former founders are much less likely to get a job interview.

12.05.2024 40

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After getting billions in federal funding Amtrak is ‘trying to claw 19th century and 20th century assets and pull them into the 21st century,’ CEO says

Rail infrastructure in the U.S. faces a backlog of repairs worth billions of dollars.

10.05.2024 40

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Trump promises oil execs to end EVs once and for all in exchange for $1 billion in campaign donations, Washington Post reports

The presidential candidate vowed to kneecap the already beleaguered EV sector in a meeting with oil execs.

09.05.2024 40

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Billionaire Stan Druckenmiller says he'd give Bidenomics an ‘F’ because inflation almost came down before the Fed 'fumbled on the five-yard line’

The famed investor accused the Federal Reserve and the Biden administration of misdiagnosing the severity of the pandemic’s economic crisis.

07.05.2024 10

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Amtrak no longer has to live ‘hand to mouth’ after being starved of funding for decades, CEO says

The passenger rail network is receiving $66 billion in funding from the bipartisan infrastructure bill—and is finally able to plan ahead.

07.05.2024 80

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Softer jobs report could ease pressure on inflation, but ‘one month does not make a trend,’ Glenmede says

Unemployment ticked up slightly, and wages rose less than expected. But is that a blip or a start of a trend?

03.05.2024 30

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A 2019 email from Microsoft's CTO to CEO Satya Nadella and Bill Gates shows how spooked the company was by its AI rivals Google and OpenAI

'I was highly dismissive of their efforts. That was a mistake,' Microsoft chief technology officer Kevin Scott said at the time.

02.05.2024 50

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NBC courting the NBA with a $2.5 billion media deal that could permanently bench TNT

With the NBA’s current media rights contract set to expire next year, negotiations with cable companies and streamers are in full throttle.

01.05.2024 20

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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.”

27.04.2024 40

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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.

26.04.2024 10

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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...

26.04.2024 30

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On crucial earnings call, Musk reminds the world Tesla is a tech company. ‘Even if I’m kidnapped by aliens tomorrow, Tesla will solve autonomy’

After a dismal quarter for Tesla, CEO Elon Musk tried to reassure investors the company’s real value was its effort to perfect self-driving cars.

24.04.2024 50

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BlackRock doubled security spending for CEO Larry Fink amid growing backlash to ESG investing

The world’s largest asset manager paid $780,00 last year for security guards and an upgraded security system at Fink’s home, filings show.

23.04.2024 10

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Caitlin Clark to sign $28 million deal with Nike to get her own sneaker

Caitlin Clark is set to cash in on her popularity with a historic Nike endorsement deal that would make her one of only three WNBA players with their...

23.04.2024 50

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Tesla will try to stem the bleeding on its earnings call after its worst sales quarter in four years, a round of price cuts, and a sinking share price

Tesla, once a pioneer of electric vehicles, has even its most ardent supporters clamoring for CEO Elon Musk to “handhold investors.”

22.04.2024 30

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The retirement gender gap is so large, women have less savings in the best markets than men in the worst

After a bear market, men's retirement assets would have a median value of $199,400, while women would have $184,600 after a bull market.

19.04.2024 10

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Jerome Powell pumped the brakes on rate cuts, but Goldman still eyes a soft landing because of the strong job market

The soft landing is still on because spikes in inflation were a blip and the job market isn’t seeing many layoffs, Goldman’s chief economist says.

18.04.2024 20

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Tim Cook says Apple wants to invest more in Vietnam, as it distances itself from China

Over the last 5 years Apple has put $16 billion into bolstering manufacturing in Vietnam.

17.04.2024 10

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As companies take their AI pilots enterprise wide, here are the challenges to scaling up. ‘If it's not being used, it's your problem, not the user's.’

After about a year of learning and experimenting with AI, executives are now ready to start using it across the whole company.

15.04.2024 10

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David Ellison, son of the world’s 9th-richest man, is poised to become a Hollywood power player as he closes in on buying Paramount

After shedding his rich kid reputation and starting his own movie studio David Ellison, son of Larry Ellison, is on the verge of buying Paramount...

11.04.2024 10

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The topsy turvy economy just found a new set of boosters—CEOs. 87% are confident in the U.S.’s growth prospects, KPMG survey

After years of volatility, the economic picture is starting to seem clearer, assuaging the fears of America’s executive class.

11.04.2024 30

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Growing chorus of Fed officials and Wall Street analysts saying this will be a year with few rate cuts—or possibly none at all

Another disappointing inflation report makes rate cuts look even further off in the distance.

10.04.2024 30

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Long-time AI critic Gary Marcus calls AI a 'Shakespearean tragedy' as widespread scraping of copyrighted data comes to light in bombshell report

Six years ago, Marcus warned that AI would need so much data it would bend the law to get it. A bombshell New York Times report says that's exactly...

10.04.2024 10

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The few times I’ve done investing, I’ve lost my shirt’: Reed Hastings opens up on his investing track record

The Netflix cofounder says his investments are ‘pure’ index funds—and about $1.9 billion of Netflix stock.

05.04.2024 10

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OpenAI could be in a ‘clear violation’ of YouTube’s terms of service, CEO says—depending on how it trains its new Sora video tool

Just a few weeks after OpenAI CTO Mira Murati ducked questions about the matter, YouTube CEO Neal Mohan was asked about scraping data.

05.04.2024 10

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Tesla bear says its poised to 'go bust' because it's too vertically integrated, which is a 'brilliant model when you grow' but not when you have your worst quarter in years

Tesla spent huge sums to capture the demand for EVs, but its first down quarter in four years makes that decision look questionable.

04.04.2024 10

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Disney shareholders just handed Nelson Peltz a stinging defeat, voting by a 'substantial margin' for Bob Iger's board slate

After spending millions in a months-long campaign to get himself two board seats, Nelson Peltz lost the shareholder vote on Wednesday.

04.04.2024 10

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Disney CEO Bob Iger grapples with succession planning. Here are the 4 execs who could replace him

As Disney’s proxy fight with Nelson Peltz nears its end, the board continues to search in earnest for a CEO to replace the inimitable Bob...

03.04.2024 20

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'Sports now is no longer a hobby for rich guys': The former Goldman rainmaker-turned-club owner takes a page from his friend Billy Beane’s analytics playbook

Gerry Cardinale, the 20-year Goldman veteran who founded RedBird Capital, brings a career in sports dealmaking and a friendship with moneyball...

02.04.2024 30

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Thank 'gangbusters' corporate profits for keeping you employed and staving off the recession, top economist says

With healthy bottom lines, companies don't have to lay people off, which meant they could keep spending to keep the economy afloat.

01.04.2024 20

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Atlanta Fed president Raphael Bostic says he only expects one rate cut this year

Bostic goes against Wall Street and the Fed’s consensus view, which predicts three rate cuts in 2024.

25.03.2024 6

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JPMorgan's head of research says immigration is undeniably a ‘good thing’ for the economy, as the bank forecasts even higher US GDP growth this year

Immigration has helped fill job openings during a time of low unemployment and kept consumer spending high, according to JPMorgan’s Joyce Chang.

22.03.2024 9

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Trump stands to make $3.5 billion from his 60% share of Truth Social now that it has become a meme stock

The social media platform is poised to go public via SPAC at a $6 billion valuation as former President Donald Trump’s supporters pump money into...

21.03.2024 6

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Paolo Confino

Glassdoor pulls a 180 on users, requiring them to provide their real names to use their accounts. What if their employers find out they trashed them on the site?

Users still have the option to remain anonymous but the change sparks fears employers could figure out who criticized them online.

21.03.2024 8

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Amazon sharply upped 'performance improvement plans' for workers. Then came tens of thousands of layoffs

In 2022 and 2023, thousands more employees than in previous months were put on PIPs, new documents show.

20.03.2024 20

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The Goldman economist who predicted the financial crash and soft landing says AI will be good for the U.S. economy but will ‘destroy employment in some areas’

But AI’s boost to productivity will ripple across the country and lift GDP growth, Godlman’s chief economist predicts.

19.03.2024 10

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Dell says remote workers must go hybrid if they want any hope of a promotion

The cost of staying remote is “career advancement,” Dell reportedly wrote in a memo.

18.03.2024 10

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One thing Donald Trump and Joe Biden have in common is nominating Jerome Powell to the Fed—but their treatment of him is vastly different

Former President Donald Trump spent years lambasting Fed chair Jerome Powell for not enacting a monetary policy that wasn’t his to set.

16.03.2024 9

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Billionaire Frank McCourt got divorced and sold the LA Dodgers. The 'character assassination' he experienced online changed his life and sent him on a Big Tech crusade

Frank McCourt is on a mission to rip control of the internet from Big Tech and give it back to the people.

16.03.2024 30

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