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News
Billionaire Mike Bloomberg was fired after dedicating 15 years of his career to Salomon Brothers???the next morning, he founded his media empire
1+ day, 5+ min ago (491+ words) Being involuntarily ousted from a job—whether that be from a layoff or firing—is a universal, career-altering experience that very few professionals are lucky enough to never go through. Many of the greats have gotten the boot: Steve Jobs…...
Gloria Steinem opened the door. Now women need a seat at the table.
1+ day, 2+ hour ago (961+ words) Jennifer Openshaw is the Founder & CEO of Girls With Impact, a national nonprofit preparing the next generation of women to succeed and lead in the workplace. www.girlswithimpact.org When David Grinberg’s 22-year-old daughter, Ily, started her career in wealth…...
Amazon workers on food stamps have tripled despite its record revenue???and it???s just the latest evidence of the new economy of shrinking labor shares
1+ day, 6+ hour ago (600+ words) The U.S. workforce has just made the type of history it likely wishes it didn’t. Working Americans are taking home the smallest percentage of economic output, 52.8%, since the Bureau of Labor Statistics began tracking the metric in 1947. But as the share…...
Mortgage lending standards are so tight that homebuyers must have 'pristine' credit histories
1+ day, 14+ hour ago (452+ words) The housing market has been frozen since the COVID-era boom ended, with higher borrowing costs, limited supply, and elevated home prices mostly taking the blame. But stricter lending rules put in place after the housing crash that sparked the Great…...
Inflation won???t die. Now the bond market is daring the Fed to do something about it
3+ day, 19+ hour ago (294+ words) A hot war, a trade war, a bad harvest, a snarl in shipping. Supply shocks have come so often over the past six years, KPMG chief economist Diane Swonk told Fortune, that they’ve started to sound like a drumbeat. “With…...
191-year-old Ohio newspaper says it will shut down by year's end without a buyer
4+ day, 26+ min ago (368+ words) The owners of The Blade are looking to sell the Toledo newspaper and said Tuesday that if they’re unsuccessful, both the print and digital versions of the paper will stop publishing at the end of the year. Block Communications similarly…...
My ethical will was supposed to be a simple insurance policy??? then we lost our daughter
4+ day, 2+ hour ago (230+ words) Eric Becker is the Founder and Co-Chairman of Cresset, a multi-family office with over $260B assets under management and advisement. He shares his extensive experience to advise founders, entrepreneurs, private equity partners, and ultra-high net worth families in addition to serving…...
CEO of an automation platform explains how he wrote a 168-page book with AI: 'It was like a Socratic dialogue"
4+ day, 3+ hour ago (276+ words) Inside Walmart’s China strategy Apple unveils its first foldable iPhone New Apple CEO John Ternus unveiled the company’s new iPhone Duo, a book-style foldable with a $1,999 starting price, that will go on sale starting Oct. 23. Check out 21 pictures of the…...
Billionaire Coinbase CEO Brian Armstrong says most charities are 'net negative'???and that he has no plans to make his own foundation
4+ day, 6+ hour ago (531+ words) Elon Musk isn’t the only billionaire who has a contrarian view of philanthropy. Coinbase CEO Brian Armstrong admitted on a recently published episode of the Katie Miller Pod he doesn’t think charities have much of a positive impact on the…...
This CEO isn't sure about financial nihilism but he's horrified by sports gambling online. So this football season, he'll pay you not to do it
4+ day, 20+ hour ago (547+ words) “I don’t know if it’s real,” Kerner told Fortune in a recent interview. “I don’t have the statistics on it.” But ask him about online sports betting in general, and the hedging disappears. The onset of the NFL season, he…...