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The Latest Breaking News from Fortune

Chanel heir with a $48 billion fortune is the richest person in Switzerland thanks to a post-pandemic luxury goods boom

Gérard Wertheimer has taken the top spot from the Kamprad family—the billionaire founders of Swedish furniture giant Ikea—for the first time in 21 years.

Fortune

OpenAI’s board might have been dysfunctional–but they made the right choice. Their defeat shows that in the battle between AI profits and ethics, it's no contest

OpenAI employees may not like the board’s retort that allowing the company to be destroyed would be consistent with the mission–but they saw it this way.

Fortune

A former FIRE fanatic who planned to retire at 35 ditched the movement after watching her youth slip away

The FIRE movement's flame dwindled for Gwen Merz after watching her friends spend money. Now, she's partaking in 'coast FIRE' instead.

Fortune

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One of investing's most reliable, highly-recommended strategies is up over 11% this year—so why do leading financial advisors still say they rarely use it?

The classic 60-40 portfolio was never meant to be the end-all, be-all portfolio—it’s just “a good starting place," according to Vanguard's Todd Schlanger.

Fortune

Motherhood penalty laid bare: From co-workers comparing pregnant colleagues to broken race cars to senior women 'hazing' other moms

Women around the world told Fortune that they were asked to hide their baby bump from investors, pressured back to the office soon after giving birth and even outright told “mothers don’t succeed here”.

Fortune

The Marvels’ box office flop marks the end of an era for the studio’s winning formula–and the beginning of a new one for Hollywood’s workers

Having the freedom to change anything at the last minute has devolved into storytelling that feels mushy.

Fortune

AI should make the 4-day work week possible for millions of workers. The question is whether they’ll use the free time for leisure—or more work

AI could reduce the hours worked by at least 10% for a whopping 88% of Britain's workforce within a decade, future of work think-tank Autonomy finds.

Fortune

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Research shows that grandparents are great personal finance teachers. Here’s what my poppa who became an accountant during the Great Depression tried to teach me about money

Almost a third of grandchildren (30%) say their grandparents passed down "financial and money-saving advice."

Fortune

A Spanish agency became so sick of models and influencers that they created their own with AI

Aitana, described by her creators as the first Spanish AI model, was so convincing an unnamed famous Latin actor even called the agency the ask her on a date.

Fortune

Spotify’s U.K. boss just took paid paternity leave 26 times longer than the average American dad

Here’s how Spotify's ‘no-brainer’ policy might close the gender pay gap.

Fortune

Binance saw $800 million in outflows after news broke of Changpeng Zhao’s plea deal. Experts say it could have been much worse

The company saw $800 million of outflows in some of the largest cryptocurrencies over the past day.

Fortune

Beer, wine, cocktails: Here's how climate change is imperiling our Thanksgiving booze

Our favorite drinks are in trouble. Big trouble.

Fortune

4 charities are thankful for Warren Buffett this Thanksgiving, as he gives away $870 million of his fortune to philanthropy

“At Thanksgiving I have much to be thankful for," the Berkshire Hathaway head wrote of his giving efforts.

Fortune

RE/MAX chairman on his 8th housing recession and settling out of the $1.8 billion antitrust verdict: ‘I’ve never seen this before in my career’

Dave Liniger on what will happen to real-estate commissions after the bombshell antitrust verdict: “I wish I could tell you; I have no idea.”

Fortune

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Fortune

'Groundbreaking' law that inspired Cassie and E. Jean Carroll to seek justice is expiring

A New York law reopened a year-long window for survivors to take legal action. Thousands filed lawsuits.

Fortune

All of Elon Musk’s top power players—and a map of his empire

Musk relies on several executives, like Steve Davis and Gwynne Shotwell, to help run his companies.

Fortune

How are companies strategizing with AI? Experts from Accenture, McKinsey, and BCG explain

AI is still accelerating at a rapid pace, and for some companies, there's a fear of missing out.

Fortune

Baidu reveals expectations-beating earnings and touts its new ChatGPT-like AI models, amid leadership chaos at U.S. competitor OpenAI

Baidu took an early lead in the race to dominate China's AI sector with the release of ERNIE Bot earlier this year.

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Fortune

Bed, Bath & Beyond investor slams the board chair for allegedly speculating on ‘secret nefarious plot’ from reality star board member Marcus Lemonis and refusing his help

JAT Capital Management, which owns 9.6% of Bed, Bath, & Beyond, sent the board a second letter, just weeks after it got its CEO fired.

Fortune

Generative AI is the major turning point in skills-first hiring, says former IBM CEO Ginni Rometty

The former IBM CEO coined the term “new-collar jobs” a decade ago. Now she says skills-first is more apt—and it’s all the rage.

Fortune

Sam Altman’s role ‘not expected to change’ at eyeball-scanning crypto startup Worldcoin amid OpenAI drama

Altman is the chairperson and cofounder of Tools for Humanity, the organization overseeing Worldcoin.

Fortune

Media Matters chair won't back down about anti-semitism on X: 'As evidenced by Elon Musk’s own conduct, the rot seems to go all the way to the top'

Angelo Carusone is undaunted. "He’s engaged in malicious cruelty for no reason at all against people that clearly have a lot less power than him."

Fortune

CEO in Name Only: How to tell if you're a CE-NO instead of a CEO, and what to do about it

Corporate leaders like Linda Yaccarino and Bob Chapek show the perils of undermined leadership.

Fortune

X CEO Linda Yaccarino stands by Elon Musk

Ad industry peers are warning Yaccarino that her reputation could be damaged if she stays at X amid antisemitism scandal.

Fortune

OpenAI uprising shows how easy it is to destroy employee trust

The OpenAI mishandling of Sam Altman's ouster has led to employee uproar and threats of quitting.

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