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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

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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 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

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

More in Future of Work

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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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

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

NY AG Letitia James speaks into a microphone.

New York sues to shut down Kalshi, seeks $100,000 for each unauthorized bet

By Camila Grigera NaónJuly 31, 2026

chad

Arts & Entertainment

The Black Panther’s tragic coda: Chadwick Boseman’s brothers want his widow removed from his estate — and held in contempt

By Reid Kress Weisbord, Naomi Cahn and The ConversationJuly 31, 2026

cuban

Arts & Entertainment

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

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

bernie

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

What every founder can learn from Reformation’s $211 million IPO

By Emma HinchliffeJuly 31, 2026

Kevin Warsh’s first big press conference shines a spotlight on confusion over how the Fed actually measures inflation

By Brandy Hadley, D. Brian Blank and The ConversationJuly 31, 2026

More LeadershipPage 19 of 100

Kevin O’Leary slams work-life balance, saying it’s complete nonsense and founders should work ’25 hours a day, 8 days a week’

Kevin O’Leary slams work-life balance, saying it’s complete nonsense and founders should work ’25 hours a day, 8 days a week’

By Sydney LakeJune 17, 2026

C-Suite
BYD wants to become the world’s largest automaker in five years. Stella Li is the executive selling that vision to the world
By Beatrice NolanJune 15, 2026

Steve Ballmer

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

Arts & Entertainment

Meet the YouTubers remaking Hollywood, one Gen Z box-office smash at a time

By The Associated PressJune 17, 2026

An executive team together in a conference meeting room in contemporary modern office.

CFO pay surged 8% last year—and long-term incentives now account for 63% of the average package

By Sheryl EstradaJune 17, 2026

TIAA CEO Thasunda Brown Duckett is undertaking a retirement revolution—with $1.5 trillion to back it up

TIAA CEO Thasunda Brown Duckett is undertaking a retirement revolution—with $1.5 trillion to back it up

By Alyson ShontellJune 17, 2026

Thasunda Brown Duckett sitting in front of a podcast microphone

A 76-year-old was about to lose his entire $3 million retirement to a scam. TIAA’s AI caught it—but a human prevented disaster

By Preston ForeJune 17, 2026

Newsletters
Twilio CFO on the turnaround that won back Wall Street
By Sheryl EstradaJune 15, 2026

The man who lived through the fall of the Soviet Union and helped wealthy Chinese move to Canada sees a familiar picture in America

The man who lived through the fall of the Soviet Union and helped wealthy Chinese move to Canada sees a familiar picture in America

By Nick LichtenbergJune 17, 2026

He fled Iran for the American Dream, became a millionaire, and could have retired—instead, he built the health tech that saved his father from cancer

By Orianna Rosa RoyleJune 17, 2026

Citi, Ford, and Experian share their strategies for scaling AI agents

Citi, Ford, and Experian share their strategies for scaling AI agents

By Alexei OreskovicJune 16, 2026

Vietnam has to find $200 billion to fund its ambitious growth agenda. Techcombank’s CEO thinks that has to come from overseas

Vietnam has to find $200 billion to fund its ambitious growth agenda. Techcombank’s CEO thinks that has to come from overseas

By Angelica AngJune 16, 2026

students

College students are voting with their feet on AI. Goldman has the receipts

By Nick LichtenbergJune 16, 2026

Travel & Leisure
Rich-kid summer camp now runs up to $17,000—and comes with 15 tennis courts, podcasting classes, and parents who bring the housekeeper
By Brendan Cosgrove and Morning BrewJune 15, 2026

Robinhood CEO Vladimir Tenev smiles during the ringing of the Opening Bell at the New York Stock Exchange last March.

Robinhood announces it will reduce headcount by 10%, CEO seeks to avoid ‘heavily-layered’ organization

By Camila Grigera NaónJune 16, 2026

Young worker dreams while working

The CEO of $3 billion Michaels tells young workers to quit daydreaming and take risks because ‘the universe rewards doing things in action’

By Emma BurleighJune 16, 2026

AI won’t transform your business—until you redesign work itself

AI won’t transform your business—until you redesign work itself

By Francesca CassidyJune 16, 2026

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

By Marco Quiroz-GutierrezJune 16, 2026

Target turnaround adds Isaac Mizrahi as creative director at large

By Anne D'Innocenzio and The Associated PressJune 16, 2026

BOOMER

‘Work hard, stay loyal, and the system will reward you’: the Boomer credo is a Gen X betrayal and a Millennial pipe dream

By Nick LichtenbergJune 16, 2026

Why accounting may look completely different by 2040

Why accounting may look completely different by 2040

By Sheryl EstradaJune 16, 2026

IBM’s $17 million DOJ settlement makes the case for civility

By Carolynn JohnsonJune 16, 2026

In a year of constant change, employee listening keeps Synchrony and AbbVie No. 1 on Fortune’s Best Workplaces lists

Workplace Culture

In a year of constant change, employee listening keeps Synchrony and AbbVie No. 1 on Fortune’s Best Workplaces lists

By Roula Amire and Great Place To WorkJune 16, 2026

The new mandate for CMOs is clear: creativity must deliver growth

Workplace Culture

The new mandate for CMOs is clear: creativity must deliver growth

By Sam BirchallJune 16, 2026

David Cordani Built Cigna Into a Health Services Powerhouse. Now He’s Mastering the Art of Letting Go.

David Cordani Built Cigna Into a Health Services Powerhouse. Now He’s Mastering the Art of Letting Go.

By Diane BradyJune 16, 2026

UX UI designers working together

Marketing jobs are among the most exposed to AI. Adobe and LinkedIn are teaming up to ensure the industry is upskilled—not replaced

By Preston ForeJune 16, 2026

Agentic AI systems are doing more and more work. Now humans need to figure out how to verify it all

Agentic AI systems are doing more and more work. Now humans need to figure out how to verify it all

By Alexei OreskovicJune 15, 2026

‘We’ll never do this again’: UFC CEO Dana White says White House fight night was too expensive to do it again

‘We’ll never do this again’: UFC CEO Dana White says White House fight night was too expensive to do it again

By The Associated Press and Dan GelstonJune 15, 2026

The billionaire founder and CEO of Vista Equity Partners makes plea to businesses adopting AI: ‘Don’t destroy your intern program’

The billionaire founder and CEO of Vista Equity Partners makes plea to businesses adopting AI: ‘Don’t destroy your intern program’

By Jeff John RobertsJune 15, 2026

Ricardo Pepi

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

By Preston ForeJune 15, 2026

NBA Finals MVP Jalen Brunson

Jalen Brunson just led the Knicks to a historic win—and credits his NBA veteran dad’s work ethic for preparing him for the job

By Emma BurleighJune 15, 2026

vinod

Silicon Valley legend Vinod Khosla tears into ‘idiotic, shortsighted, and very selfish’ Gen Z Stanford protests of Google CEO: ‘The stupidity’

By Nick LichtenbergJune 15, 2026

Michelle Obama clarifies her famous ‘Go high’ motto: It’s not about anger or pain, but more like putting a safety lock on a gun

Michelle Obama clarifies her famous ‘Go high’ motto: It’s not about anger or pain, but more like putting a safety lock on a gun

By Sydney LakeJune 15, 2026

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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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By Tatiana SatauaJuly 31, 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

placeholder alt text

By Preston ForeJuly 29, 2026

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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By Alexei OreskovicJuly 30, 2026

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