FinanceA fed official just said abandoning the 2% inflation target would be a ‘disaster’ that would send the world back to the ’70s despite banking crisis
St. Louis Fed president Bullard told Bloomberg Friday he fears '70s-style inflation will hit the global economy if the Fed changes its inflation target.
March 24, 2023
Newsletters
- Data SheetTikTok’s CEO spent 5 hours in the hot seat producing lots of entertainment but little else
- raceAheadHow Google’s Muslim employee resource group helped make Ramadan better for everyone
- The Trust FactorHow an incoming CEO can earn the trust of legacy employees
- Fortune CryptoRipple and XRP may finally be for real
- BroadsheetCanva CEO Melanie Perkins enters the A.I. race in her own way
- CHRO DailyThe $26 billion design startup Canva refuses to conduct layoffs. So it’s shifting employees into new roles
From the magazine
MagazineThe inside story of ChatGPT: How OpenAI founder Sam Altman built the world’s hottest technology with billions from Microsoft
The A.I. future, according to Altman, could be spectacular—unless it goes spectacularly wrong. Why Big Tech giants and business leaders everywhere are losing sleep over generative A.I.
January 25, 2023
Commentary
- banksApps, crypto, and even Starbucks cards: Deposit fragmentation has been on a decade-long mission to bring down banking–and it’s not done yet
- quantum computingIBM and Cleveland Clinic are deploying the first on-site quantum computer in health care as tech promises to accelerate scientific breakthroughs
- careersLaid-off workers are calling out their former employers on social media–and the death of non-disparagement clauses could make it the norm
- banks‘Gerbil banking’ preceded the Great Depression. We’re seeing it again today
- StartupsDon’t believe the pundits who conflate middle-class entrepreneurs and Big Tech. Startups are today’s mom-and-pop businesses
- water use and conservationClimate change is exacerbating the global water crisis. Corporations must be part of the solution
Topics
Asia
Why nervous people in power want to stop you from using TikTok, according to a longtime cybersecurity researcher
‘I don’t think I can sit here and say that we are perfect’: TikTok’s Singaporean CEO is getting grilled by both parties in Congress
Telephone scammers who bilked older Americans for at least $87 million by impersonating law enforcement are arrested in Thailand
Environment
‘This is a good news moment’: Relentless rain and snow lets California ease water restrictions after three years of drought
Salmon fishing to be banned in California and part of Oregon after a drought and weakened protections decimated the fish population
Hundreds of gallons of radioactive water has once again leaked from Minneapolis power plant
Europe
‘We view this as an irrational market,’ Citigroup analysts worry that major bank stocks like Deutsche Bank are cratering for psychological reasons
Two former Microsoft execs are building ‘game-changing’ drones in Ukraine to combat Russian forces
King Charles III postpones France visit as protests rage against Macron’s plan to raise the French retirement age
Finance
The U.S. housing market is holding up the best in the global correction—here’s how far Goldman Sachs sees global home prices falling
A fed official just said abandoning the 2% inflation target would be a ‘disaster’ that would send the world back to the ’70s despite banking crisis
The market smells hedge funds behind the Deutsche Bank massacre on Friday: ‘A clear case of the market selling first and asking questions later’
Health
This CEO says his ambitious 3 a.m. morning routine is the key to managing stress
Crucial data about the origins of COVID is only now being disclosed. A scientist weighs the cost of the delay
These are the people at higher risk for long COVID, according to a massive new study
Leadership
How Google’s Muslim employee resource group helped make Ramadan better for everyone
Tim Cook called remote work ‘the mother of all experiments.’ Now Apple is cracking down on employees who don’t come in 3 days a week, report says.
New Starbucks CEO says he intends to work in stores at least once a month—it’s a smart idea if he doesn’t make this big mistake
Lifestyle
Darcelle, Guinness record holder as world’s oldest working drag queen, dies in Portland at 92
Thief who conned famous authors of their manuscripts describes ‘an obsession’ of wanting to ‘cherish’ books before anyone else
Gwyneth Paltrow testifies in Utah ski collision trial: ‘We came crashing down together’ and then ‘I was in shock’
Personal Finance
Around 85% of Gen Zers worry they can’t afford one month’s expenses if they lose their job
This teacher just got over $43,000 in student loans forgiven thanks to Biden’s changes to the PSLF program: ‘It’s nice seeing all those zeroes’
Apps, crypto, and even Starbucks cards: Deposit fragmentation has been on a decade-long mission to bring down banking–and it’s not done yet
Politics
Manhattan DA probing Trump menaced with letter containing powdery substance
2-year, $1.4 million review of DEA scandals ends with ‘stunningly vague’ report, top senator says
Florida imitates ‘The Simpsons’ as school principal resigns on parent complaint that David statue is too pornographic for 6th grade
Retail
Apps, crypto, and even Starbucks cards: Deposit fragmentation has been on a decade-long mission to bring down banking–and it’s not done yet
Arby’s co-founder Leroy Raffel dies at 96
‘Union-buster’ Howard Schultz departs from Starbucks and his replacement plans to work as a barista once a month. The rank and file isn’t buying it
Success
Darcelle, Guinness record holder as world’s oldest working drag queen, dies in Portland at 92
Twitter employees woke up to a 2:30 a.m. email from Elon Musk. ‘The office is not optional’
Tim Cook called remote work ‘the mother of all experiments.’ Now Apple is cracking down on employees who don’t come in 3 days a week, report says.
Tech
New Utah law shielding teens from TikTok and Instagram faces a big problem: How do you enforce it?
OpenAI CEO Sam Altman calls Elon Musk a ‘jerk’ as report says the Tesla CEO was ‘furious’ about ChatGPT’s success
A.I. is ‘seizing the master key of civilization’ and we ‘cannot afford to lose,’ warns ‘Sapiens’ author Yuval Harari