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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

3

Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing

1

The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

2

He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

3

Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing
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Mike Wirth, chief executive officer of Chevron.
Chevron posts largest quarterly profit ever and Exxon income surges as Iran war squeezes oil supply

The Big Oil giants are taking home near-record profits from high oil and fuel prices worldwide.

By Jordan BlumJuly 31, 2026
Mark Cuban’s cofounder once told him: ‘We don’t get as much done because people are afraid of you’
Mark Cuban’s cofounder once told him: ‘We don’t get as much done because people are afraid of you’
By Sarah GlodekJuly 31, 2026
var
The World Cup’s VAR fights are a preview of every company’s AI rollout problem
By Pooya Tabesh and The ConversationJuly 31, 2026
Young Gen Z content creator films videos
More than half of Gen Zers want to become influencers—so now Arizona State University is offering a content creation degree for $142K
By Emma BurleighJuly 31, 2026
laptop
The post-pandemic classroom is quietly ditching the laptop-for-every-kid model
By Janice Mak and The ConversationJuly 31, 2026
‘Retiring backwards’: How cold economic reality forced Gen X into something like the reverse of baby boomers’ golden years
‘Retiring backwards’: How cold economic reality forced Gen X into something like the reverse of baby boomers’ golden years
By Nick LichtenbergJuly 31, 2026
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Future of Work
More in Future of Work
Dario Amodei speaking into a microphone.
Anthropic says its Claude models escaped a testing environment and hacked three real companies

Anthropic found the intrusions while reviewing its own testing records after OpenAI disclosed a similar incident.

By Beatrice NolanJuly 31, 2026
Fed study: AI’s slow productivity story fits a century-old historical pattern

Researchers at the St. Louis Fed looked through 490,000 earnings calls and saw AI productivity surged—but only in talk.

By Nick LichtenbergJuly 31, 2026
Nearly a third of workers admit to sabotaging their company’s AI—and smaller paychecks may explain why

As surveys document quiet resistance and outright sabotage, Apollo’s Torsten Slok offers a theory: AI is compressing wages while leaving job counts intact.

By Nick LichtenbergJuly 30, 2026
Bausch & Lomb CEO: the AI hysteria is nothing new

AI is being talked about as though business has never encountered a technological shift before. And just like the other times, one thing gets overlooked.

By Brent SaundersJuly 31, 2026
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Success
More in Success
Jensen Huang speaks into a microphone
Jensen Huang says this is the greatest time in history to start a business—and his advice is to stop overthinking it: ‘How hard can it be?’

The billionaire CEO has spent the last three decades building Nvidia —but says one simple mindset helped turn a diner-booth idea into a $4.7 trillion giant.

By Preston ForeJuly 31, 2026
National Guard major rented hotel rooms on the government’s dime just to hide a second wife, prosecutors say

Maj. Collin Welch forged divorce papers, immigration letters and Social Security cards to hide a Mongolian wife from his real family.

By Jonathan J. Cooper and The Associated PressJuly 31, 2026
Meet the jet-setting fashion editor who turned a New York manicure at 23 into Nails.Inc—Despite selling for $40 million, she still wakes at 5:45 a.m.

Victoria Beckham and even McDonald’s helped launch Thea Green’s nail polish in America. Now Nails.Inc sells a bottle of polish every minute

By Orianna Rosa RoyleJuly 31, 2026
The competition passed on a flying toy. We built it into $100 million dollar business

In his new book, Spin Master’s Ronnen Harary explains how three founders in their 20s took a toy everyone rejected and turned it into Air Hogs.

By Ronnen HararyJuly 31, 2026
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C-Suite
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Fortune 500 Power Moves: Which executives gained and lost power, July 18–31, 2026
Fortune 500 Power Moves: Which executives gained and lost power, July 18–31, 2026

See which Fortune 500 companies are making changes to their C-suite ranks.

By Fortune EditorsJuly 31, 2026
Apple shows that AI winners don’t have to build the biggest models

A Fortune analysis looks at Apple’s strategy of skipping the AI infrastructure arms race.

By Sheryl EstradaJuly 31, 2026
Elevance Health’s CEO started her career as a pro basketball player. Now she’s the highest‑ranking woman on the Global 500, leading a $199B giant

Gail Boudreaux credits collegiate athletics with helping to shape her leadership style.

By Sarah GlodekJuly 31, 2026
Ferrari’s Jony Ive–designed model was mocked by the internet, but it’s selling like hotcakes

When the Luce was released, Ferrari’s former president and chairman said he hoped “they take the prancing horse off that car, at least.”

By Marco Quiroz-GutierrezJuly 31, 2026
More in C-Suite
Workplace Culture
More in Workplace Culture
pete
Scouting America cuts LGBTQ+ spaces at jamboree under Pentagon pressure

Defense Secretary Pete Hegseth threatened to end military ties unless Scouting America dropped diversity initiatives by late August.

By Jamie Stengle and The Associated PressJuly 31, 2026
‘We’re still here standing’: the restaurant world’s fallen angel is reopening with its founder chef or its 3 Michelin stars

Copenhagen’s Noma returns under new chef Pablo Soto with a monthly-changing menu, five months after René Redzepi stepped down over abuse allegations.

By James Brooks, Stefanie Dazio and The Associated PressJuly 30, 2026
EEOC has indefinitely suspended all federal-sector class complaints, lawsuit claims

Attorneys say the undisclosed suspension has left correctional officers facing escalating abuse with no timeline for relief.

By Alexandra Olson and The Associated PressJuly 29, 2026
He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

Instead of selling Grady-White Boats for $400 million, Eddie Smith Jr. was inspired by Patagonia founder Yvon Chouinard to donate profits to charity.

By Preston ForeJuly 29, 2026
More in Workplace Culture
Latest stories from Fortune
Amazon may owe you money: It just got $600 million in tariff refunds after a lawsuit accused it of favoring Trump
Retail
Amazon may owe you money: It just got $600 million in tariff refunds after a lawsuit accused it of favoring Trump
By Catherina GioinoJuly 31, 2026
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New York sues to shut down Kalshi, seeks $100,000 for each unauthorized bet
By Camila Grigera NaónJuly 31, 2026
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The Black Panther’s tragic coda: Chadwick Boseman’s brothers want his widow removed from his estate — and held in contempt
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Mark Cuban’s Las Vegas A’s investment is his ‘Sports 2.0’ Dallas Mavericks playbook all over again — with one key change
By Joshua HongJuly 31, 2026
After a nearly 1,000% surge, the AI debt orgy can’t last forever, while hidden borrowing has exploded to $1.65 trillion
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After a nearly 1,000% surge, the AI debt orgy can’t last forever, while hidden borrowing has exploded to $1.65 trillion
By Jason MaJuly 31, 2026
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16 Nobel laureates just warned AI could displace workers. Bernie thinks a sovereign wealth fund may be the answer
By Patrick J. Schena and The ConversationJuly 31, 2026
What every founder can learn from Reformation’s $211 million IPO
Newsletters
What every founder can learn from Reformation’s $211 million IPO
By Emma HinchliffeJuly 31, 2026
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Kevin Warsh’s first big press conference shines a spotlight on confusion over how the Fed actually measures inflation
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    Success
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With the exits of Apple’s Tim Cook and Dow’s Jim Fitterling, the Fortune 500 is losing two groundbreaking gay CEOs—leaving just one 
C-Suite
With the exits of Apple’s Tim Cook and Dow’s Jim Fitterling, the Fortune 500 is losing two groundbreaking gay CEOs—leaving just one 
By Phil WahbaJune 20, 2026
Exclusive: Azzi Fudd joins Project B, the international league chasing a billion-dollar opportunity in global basketball
MPW
Exclusive: Azzi Fudd joins Project B, the international league chasing a billion-dollar opportunity in global basketball
By Emma HinchliffeJune 19, 2026
The highest-paid hospital CEO made $43 million last year all while Americans hold $220 billion in medical debt
Health
The highest-paid hospital CEO made $43 million last year all while Americans hold $220 billion in medical debt
By Cassie McGrath and Healthcare BrewJune 19, 2026
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
Environment
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
By Sydney LakeJune 19, 2026
Samantha Gloede
Commentary
Boards must avoid sleepwalking into the AI era. KPMG’s Global AI risk chief has a survival guide
By Samantha GloedeJune 19, 2026
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    Success
    Microsoft boss Steve Ballmer publicly dismissed Chrome as a ’rounding error’—but Google’s CEO says he used the jab as fuel to win the browser-wars
    By Preston ForeJune 17, 2026
Piyush Patel
Commentary
Black Friday already sorted the winners from the losers. Your industry is next
By Piyush PatelJune 19, 2026
Thasunda Brown Duckett, TIAA CEO, speaks onstage during a live taping of "Earn Your Leisure" at Martin Luther King Jr. International Chapel at Morehouse College on January 22, 2024 in Atlanta, Georgia.
Finance
Meet the 11 Black Fortune 500 CEOs leading companies with over $432 billion in combined revenues
By Cheyann HarrisJune 19, 2026
TIAA President and CEO Thasunda Brown Duckett on Fortune’s 'Titans and Disruptors of Industry' podcast.
Success
‘Work-life balance is a lie’: TIAA’s CEO broke down at a bus terminal after a long work day, then found a better way to think about it
By Emma BurleighJune 19, 2026
Arianna Huffington swears by one boundary to switch off from work every night—and Ralph Lauren’s CHRO says it’s the best thing she’s ever done too
Success
Arianna Huffington swears by one boundary to switch off from work every night—and Ralph Lauren’s CHRO says it’s the best thing she’s ever done too
By Orianna Rosa RoyleJune 19, 2026
LaShonda Anderson-Williams, chief customer and commercial officer at Salesforce, speaking at Fortune Brainstorm Tech 2026 in Aspen, Colorado. (Photo: Stuart Isett/Fortune)
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How to run a company when the AI agents vastly outnumber the humans
By Alexei OreskovicJune 18, 2026
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    Meet the YouTubers remaking Hollywood, one Gen Z box-office smash at a time
    By The Associated PressJune 17, 2026
LinkedIn research says half of C-suite leaders are flying blind on AI—and its CBO says they can’t fix it the way they’re trying
Future of Work
LinkedIn research says half of C-suite leaders are flying blind on AI—and its CBO says they can’t fix it the way they’re trying
By Nick LichtenbergJune 18, 2026
Fortune 500 Power Moves: Which executives gained and lost power this week
C-Suite
Fortune 500 Power Moves: Which executives gained and lost power this week
By Fortune EditorsJune 18, 2026
Entry-level work didn’t disappear, PwC finds with ‘seniorization.’ It just morphed into something young workers can’t get
Future of Work
Entry-level work didn’t disappear, PwC finds with ‘seniorization.’ It just morphed into something young workers can’t get
By Nick LichtenbergJune 18, 2026
Dario Amodei
Success
Dario Amodei has only 1 direct report, his chief of staff—and everyone else reports to his sister: ‘It’s incredibly freeing’
By Preston ForeJune 18, 2026
Senator Ruben Gallego arriving with a binder in hand at a news conference on Capitol Hill.
Economy
Exclusive: Arizona senator warns ‘ghost jobs’ are warping labor data, presses Trump admin to investigate
By Camila Grigera NaónJune 18, 2026
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Economy
Teen summer employment is headed for its worst year since 1948
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Startups & Venture
Joshua Baer, the architect of Austin’s tech scene, dies at 50
By Ed White and The Associated PressJune 18, 2026
Kevin Warsh’s hawkish tone: What CEOs need to know about rates today
Newsletters
Kevin Warsh’s hawkish tone: What CEOs need to know about rates today
By Diane BradyJune 18, 2026
The U.S. Polo Assn. CEO
Success
Meet the CEO of US Polo Assn: He grew up in one of America’s poorest regions and now hosts Prince William and runs a $2.7 billion brand
By Orianna Rosa RoyleJune 18, 2026
Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’
Success
Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’
By Orianna Rosa RoyleJune 18, 2026
Rbotic arm is gripping a CPU inside of a circuit board factory.
Innovation
Inside Europe’s most innovative companies
By Sam BirchallJune 18, 2026
A mother and father work while their child plays
Economy
The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families
By Jacqueline MunisJune 17, 2026
PayPal mafia member and ex–Sequoia steward Roelof Botha joins SpaceX board—reuniting with Elon Musk after decades
Startups & Venture
PayPal mafia member and ex–Sequoia steward Roelof Botha joins SpaceX board—reuniting with Elon Musk after decades
By Allie GarfinkleJune 17, 2026
Mark Zuckerberg speaks and holds both hands up while standing in front of a purple background.
Economy
Tokens are getting cheaper, but companies are spending even more on AI as a result, top economist warns
By Sasha RogelbergJune 17, 2026
Jeff Bezos
AI
‘AI is going to create a labor shortage’: Jeff Bezos sees more jobs being created in the new economy, not less
By Catherina GioinoJune 17, 2026
Brinker’s CIO spent years rebuilding restaurant tech. Now, the Chili’s operator is ready to explore more AI
Newsletters
Brinker’s CIO spent years rebuilding restaurant tech. Now, the Chili’s operator is ready to explore more AI
By John KellJune 17, 2026
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AI
Jensen Huang on his relationship with Trump: ‘calls me in the middle of the night’
By Josh Boak and The Associated PressJune 17, 2026
Ned Koh turns in his chair, smiling.
AI
A 21-year-old cofounder’s sales pitch to clients begs them to question the company’s results: ‘Do not trust us. Do not trust our model’
By Eva RoytburgJune 17, 2026
Aravind Srinivas, co-founder and chief executive officer of Perplexity
Success
‘I have nothing to lose’: Perplexity CEO says fear of failure is ‘the stupidest thing’ holding you back
By Emma BurleighJune 17, 2026
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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in lineplaceholder alt text
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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity insteadplaceholder alt text
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Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricingplaceholder alt text
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