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Paolo Confino

Paolo Confino

Fortune

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JPMorgan’s new AI chatbot could make the bank operate like the intelligence community, startup CEO says

With the new AI tool, the bank could transform its research desks to have "a hybrid of human and AI analysts."

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Fortune

Paolo Confino

A post about Kamala Harris pushed a long-simmering feud between tech execs into the open

A politically charged mention of “coups” brought back David Sacks’ ousting of Parker Conrad from the startup he founded.

yesterday 3

Fortune

Paolo Confino

75-year-low: Federal minimum wage nears rock bottom

Raising the federal minimum wage appears to be a distant political reality. “You need to have the stars perfectly aligned.”

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Fortune

Paolo Confino

Box CEO says to back Kamala Harris he’ll need to see ‘a 10-point plan for pro-business, pro-tech, pro-entrepreneurship’ 

During her time in California state politics Vice President Kamala Harris had to both court and regulate Big Tech.

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Paolo Confino

Kamala Harris has a history of opposing trade deals that are bad for workers and the environment

One expert calls Harris' approach to trade policy that of a "centrist Democrat" who is unwilling to compromise certain priorities.

23.07.2024 10

Fortune

Paolo Confino

Kamala Harris raises $50 million on first day of campaign, inciting what ‘might be the greatest fundraising moment in Democratic Party history’

Kamala Harris' cure for hand wringing over campaign funding concerns? Raise $50 million in an afternoon.

22.07.2024 10

Fortune

Paolo Confino

Netflix co-CEO says it will only stream the best pro sports events: ‘It’s very difficult to have big league sports and profit’ over entire seasons

As Netflix dabbles in live sports, it keeps sports leagues at arm's length, wary of getting caught up in costly renewals for long-term deals.

19.07.2024 20

Fortune

Paolo Confino

Netflix vanquishes doubts about its ability to keep growing just about every profit metric

Netflix added 8 million new subscribers, grew revenue 17%, and showed profitability in streaming was absolutely possible on a stellar Q2 earnings...

19.07.2024 10

Fortune

Paolo Confino

Tim Cook gifted Donald Trump a $6,000 Mac Pro after he lowered tariffs on parts Apple needed from China

Eager to avoid tariffs that would hurt Apple, Cook applied a charm offensive on Trump that seemed to work wonders.

18.07.2024 5

Fortune

Paolo Confino

Former American Express CEO says business leaders are too scared to tell Trump what they really think of him: ‘They greatly fear there will be retribution’

After vowing to hit back at his political adversaries, CEOs worry they could be next if they anger Donald Trump.

18.07.2024 20

Fortune

Paolo Confino

The markets hate political violence, but a top historian says presidential assassinations are ‘endemic’ to American culture

If the attempted Trump assassination spells the beginning of a long period of political violence markets could become unstable.

17.07.2024 5

Fortune

Paolo Confino

Long periods of political violence are ‘very bad’ for markets, analyst warns

The U.S.’s pivotal role in the global economy means that any negative effects from political violence would “spill over to the rest of the...

15.07.2024 6

Fortune

Paolo Confino

Working from home increased for the first time since the pandemic

Labor Department data shows the percent of people working remotely is stabilizing, indicating it’s truly becoming the status quo.

12.07.2024 10

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Paolo Confino

Inflation will go up regardless of who the next president is, but under Trump’s tariffs it would be higher for longer, Oxford Economics says

Jerome Powell is eyeing lower inflation, but Oxford Economics says it’ll rise after the presidential election—no matter who wins.

11.07.2024 60

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Microsoft ordered employees in China to only use iPhones due to security threats

The move is the latest example of the U.S. and China banning each other's tech products as the two superpowers build diverging digital ecosystems.

09.07.2024 5

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Paolo Confino

Believe it or not, there is a housing surplus—but not for people who can’t afford a home, study finds

McMansions from the real estate bubble mean the housing market has more than enough homes for people. They're just too expensive.

27.06.2024 70

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ARK Invest CEO Cathie Wood says Trump has her vote because he’ll be better for the economy, but then asks to pull the interview

The renowned tech investor said she planned to cast her vote for Trump over Joe Biden come November.

24.06.2024 8

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Paolo Confino

France's soaring debt could lead to calls to leave the EU, a top bank warns

Far-left and far-right parties from the political fringes have proposed economic plans that centrist figures ripped as excuses to exit the European...

19.06.2024 10

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Paolo Confino

A renowned photographer claims Nike ‘snookered’ him out of the picture that would become the Air Jordan logo

A new short documentary that premiered at the Tribeca film festival recounts the story of Jacobus “Co” Rentmeester, the photographer who shot the...

18.06.2024 10

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Paolo Confino

The G7 will give Ukraine a $50 billion loan backed by frozen Russian assets to keep Putin’s war machine at bay

"Thanks to every American heart that supports freedom," said Ukrainian President Volodymyr Zelensky.

14.06.2024 10

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Paolo Confino

Elon Musk’s $46 billion told-ya-so: love for ‘incredible’ shareholders, dunks on New York investors, and the promise of a 110x increase in value

A buoyant Musk thanked Tesla’s shareholders after they voted to reinstate his pay package, the largest in corporate history. “Hot damn, I love you...

14.06.2024 30

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For a South Korean instant noodle brand a first-of-its-kind product recall. Too spicy for Europeans

A Danish food regulator pulled three varieties of ramen because the spice levels posed a threat to “children and weak or elderly people.”

13.06.2024 5

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Paolo Confino

Elon Musk, called every name from 'carnival barker' to ‘absent CEO', is on the verge of landing a $45 billion pay package from Tesla

After having his unprecedented pay package voided by a judge, Tesla shareholders are set to vote on whether the plan should be reinstated.

12.06.2024 7

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Paolo Confino

Norway just loosened China’s stranglehold on rare minerals critical to the global economy—and it’s a huge win for Europe and the U.S.

China currently processes 90% of the world’s rare elements, breaking that dominance is a top priority for Europe and the U.S.

12.06.2024 40

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Charlotte Tilbury's beauty brand made Formula 1 history. Now the 'adrenaline junkie' is upending the sport with race-day makeup touchups and lipstick-colored cars

Women now make up nearly half of F1’s fan base.

10.06.2024 5

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Paolo Confino

Nvidia's stock split is largely 'cosmetic,' and mammoth gains will keep rolling in, tech investor says

Between the AI-driven stock market rally and Nvidia’s strong fundamentals, it’s unlikely the 10-for-1 stock split will harm its share price.

08.06.2024 10

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The Fed was too focused on the soft landing and has stuck the U.S. economy with higher prices, Stifel chief economist says

The Federal Reserve may not have raised interest rates enough, which made the economy run too hot for inflation to fall.

05.06.2024 9

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Paolo Confino

Elon Musk turned Twitter into X—now he’s turning X into XXX

X will now officially allow not-safe-for-work content on its platform.

04.06.2024 40

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Ford CEO: It’s ‘undeniable’ that EVs will eventually have to turn a profit, but we’re years away

Ford CEO Jim Farley is betting he can turn billions in losses into profits with the next-generation model rollout.

03.06.2024 10

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Economist Stephen Roach, who thinks China has a gloomy economic future, says Biden is pushing the two countries into a ‘forever’ trade war

The former chair of Morgan Stanley Asia thinks a trade war isn’t in either country’s best interest.

01.06.2024 10

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Americans' economic pessimism contains a strange paradox: They're feeling great about their own personal finances

Americans’ confidence in their own personal finances is as strong as their pessimism about the rest of the economy.

30.05.2024 10

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Paolo Confino

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...

30.05.2024 20

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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.

29.05.2024 40

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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.

28.05.2024 50

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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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Paolo Confino

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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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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Paolo Confino

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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Paolo Confino

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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Paolo Confino

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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Paolo Confino

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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Paolo Confino

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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Paolo Confino

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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Paolo Confino

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