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The Latest Breaking News from Fortune

Sam Bankman-Fried used $1.2 billion of customer money to buy out Binance CEO Changpeng Zhao, witness says. Will CZ pay it back?

“The amount of customer deposits held in Alameda Research and FTX.com accounts was way less than was owed to customers on FTX,” testified accounting professor Peter Easton on Wednesday.

Fortune

It’s official: The housing market is turning millennials into their parents. A Fortune 500 economist says it’s a deja vu market that is replaying the 1980s

When the boomers came of homebuying age, they had to contend with high rates, high inflation, and a crowded market. Sound familiar?

Fortune

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.

Fortune

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Biden's historic stand with UAW members shows how far labor activism has come in America. True equal pay should be next on his agenda

Apart from the direct $180 billion boost to public finances, closing the gender pay gap could channel an additional $512.6 billion into the U.S. economy.

Fortune

Stripe co-founder embraces hybrid work: 'We had all these remote tourists wash in during COVID'

“Prior to COVID, we were more pro-remote than the consensus, and post-COVID, we are more pro-office than the consensus,” John Collison said.

Fortune

Best Buy CEO Corie Barry argues technology is a 'need'

Best Buy's CEO says the electronics retailer is part of a "misunderstood" industry.

Fortune

The Great Millennial Housing Regret

Many would-be millennial homebuyers feel locked out of this market.

Fortune

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Sick of meetings? Microsoft’s new AI assistant will go in your place

From November, those willing to pay $30 a month can have Microsoft’s Copilot integrated into programs like Teams and Outlook.

Fortune

New York attorney general hits Gemini, Genesis, and Digital Currency Group with lawsuit for defrauding investors of more than $1 billion

Letitia James’s action adds to the legal headaches for the reeling crypto heavyweights.

Fortune

ESG is at a crossroads. A new framework can help companies avoid box-checking exercises

A roadmap for precisely what to say 'yes' to when it comes to ESG empowers a company to say 'no' to measures that are not tied to the business.

Fortune

Buyers—and sellers—need to prepare for mortgage rates nearing 8% and staying there indefinitely says a prominent chief economist

First American’s Mark Fleming says mortgage rates could get closer to 8%.

Fortune

The housing market is so unaffordable that buyers need to make nearly $115K to afford the average home, Redfin says—that’s $40k more than average earnings

Maybe you didn’t know how bad the affordability situation has gotten in the housing market. (It's really bad.)

Fortune

(Crypto) Empire State of Mind: Sam Bankman-Fried allegedly met with Bill Clinton and Kathy Hochul in NYC 2 months before FTX collapsed

Now, Bankman-Fried is back in the Big Apple—but for very different reasons.

Fortune

How businesses can partner with colleges to diversify entry-level talent pipeline

Diversifying corporate America's talent pipeline will require partnerships between businesses and colleges after affirmative action reversal.

Fortune

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Fortune

If you habitually hit the snooze button on your alarm, new research says you may be mentally sharper for it

Snoozing "may even help those with morning drowsiness to be slightly more awake once they get up," one expert said.

Fortune

Walmart International CEO Kath McLay says her first weeks were like 'drinking from a firehose'

The former Sam's Club chief has picked up the baton from ex-Walmart International leader Judith McKenna.

Fortune

A step-by-step manual from JPMorgan on addressing the Israel-Hamas war

A JPMorgan memo on the Israel-Hamas war outlines how business leaders can address the conflict with employees globally.

Fortune

Inside the mounting litigation and high turnover at startup unicorn Carta

More on Fortune’s reporting into Carta.

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news in one place.

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Fortune

Glitch on Elon Musk’s X allowed CIA spy recruitment channel to be hijacked, hacker says. ‘It was a perfect storm for something pretty bad to happen’

The hacker said the error could have allowed hostile countries to intercept secret information intended for the intelligence agency.

Fortune

3 areas Tesla’s new CFO must prioritize, according to Wedbush tech analyst Dan Ives

Investors want to know if Vaibhav Taneja, who succeeded Zachary Kirkhorn as CFO, can deliver, Ives says.

The Guardian - AU

X, formerly Twitter, rolls out US$1 annual fee for new users in New Zealand and the Philippines

Platform owned by Elon Musk says subscription trial is aimed at combating bots on the service

Fortune

Consumer dynamics are shifting like never before. Executives from Instacart, Atlassian, Nordstrom, and Black & Decker share their strategies

Top executives shared their strategies for adapting to AI, supply chain, and more at Fortune's Most Powerful Women Summit in Laguna Niguel, Calif.

Fortune

Fannie Mae's CEO says shopping for a house right now is downright Dickensian: A 'tale of 2 markets'

The “lock-in” effect is making the housing market unappealing for both buyers and sellers.

Fortune

Gen Z and millennials are more into gig work than ever, BofA says—but it’s not coming close to making ends meet

Despite taking on more side hustles, Gen Z and millennials are spending less.

Fortune

America was the world’s largest producer of primary aluminum until recently. Now companies are warning the 2% U.S. market share puts the energy transition at risk

In 2000, the U.S. was the largest producer of primary aluminum. The six remaining smelters in the U.S. now make up a small percentage of global capacity.

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