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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
More in Future of Work
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
More in Success
C-Suite
More in C-Suite
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
NY AG Letitia James speaks into a microphone.
North America
New York sues to shut down Kalshi, seeks $100,000 for each unauthorized bet
By Camila Grigera NaónJuly 31, 2026
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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
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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
Big Tech
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
AI
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
kw
Economy
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
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Banking
CEOs are bullish but nervous: David Solomon’s Davos readout on deregulation and ‘shotgun’ policy
By Nick LichtenbergJanuary 23, 2026
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    Success
    Nvidia CEO Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction are about to be unlocked because someone needs to build all these new AI centers
    By Preston ForeJanuary 21, 2026
solomon
Banking
No ‘job apocalypse’: Goldman Sachs CEO denies the AI hiring nightmare is real
By Nick LichtenbergJanuary 23, 2026
Google DeepMind CEO Demis Hassabis speaking at the World Economic Forum in Davos, Switzerland, in January 2026.
AI
AI luminaries at Davos clash over how close human-level intelligence really is
By Jeremy KahnJanuary 23, 2026
Meet the 36-year-old founder of Gen Z stationery brand Papier, who avoids stocks and shares—or as he puts it, ‘a financial roller coaster I can’t control’
Success
Meet the 36-year-old founder of Gen Z stationery brand Papier, who avoids stocks and shares—or as he puts it, ‘a financial roller coaster I can’t control’
By Orianna Rosa RoyleJanuary 23, 2026
TradFi firms are increasingly warming to cryptocurrencies, says Bybit CEO Ben Zhou
Crypto
TradFi firms are increasingly warming to cryptocurrencies, says Bybit CEO Ben Zhou
By Angelica AngJanuary 22, 2026
dimon
Banking
Jamie Dimon tackles Trump on immigration: ‘I don’t like what I’m seeing … I think we should calm down a little bit on the internal anger’
By Nick LichtenbergJanuary 22, 2026
  • Protestors at the WEF in Davos
    Success
    Nearly 400 millionaires and billionaires across 24 countries are demanding Davos leaders tax them more: ‘Tax us. Tax the super rich.’
    By Emma BurleighJanuary 21, 2026
sternfels
Commentary
AI makes human intelligence more important, not less 
By Bob Sternfels and Lucy PerezJanuary 22, 2026
Building with a Deloitte company sign
Future of Work
Deloitte to scrap traditional job titles as AI ushers in a ‘modernization’ of the Big Four
By Jake AngeloJanuary 22, 2026
rhode island
Politics
No more Mr. Potato Head license plates: Rhode Island mulls revenge after getting ditched by Hasbro
By Kimberlee Kruesi and The Associated PressJanuary 22, 2026
OpenAI’s former head of sales is entering VC. She still calls herself an ‘AGI sherpa’
Newsletters
OpenAI’s former head of sales is entering VC. She still calls herself an ‘AGI sherpa’
By Sharon GoldmanJanuary 22, 2026
Jamie Dimon, Chairman and CEO of JPMorgan Chase speaks onstage during day 2 of the America Business Forum at Kaseya Center on November 06, 2025 in Miami, Florida.
Politics
Jamie Dimon is done being ‘binary’: On Trump’s ‘economic disaster’ credit card plan, foreign policy, and NATO
By Eleanor PringleJanuary 22, 2026
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    Investing
    Jensen Huang says AI bubble fears are dwarfed by ‘the largest infrastructure build-out in human history’
    By Nick Lichtenberg and Beatrice NolanJanuary 21, 2026
sweden
Personal Finance
Sweden abolished its wealth tax 20 years ago. Then it became a ‘paradise for the super-rich’
By Miranda Sheild Johansson and The ConversationJanuary 22, 2026
Jamie Dimon
Success
JPMorgan CEO Jamie Dimon says he welcomes government ban on mass-firing people for AI: ‘We’re going to cure a lot of cancers’
By Preston ForeJanuary 22, 2026
Fired worker leaving office
Success
Despite promises that AI will create more jobs, 1.2 million jobs were actually slashed last year—a grim throwback to losses from the 2008 financial crisis
By Emma BurleighJanuary 22, 2026
valentino
Success
Valentino, one of the first Italian designers to succeed in France, defined the iconic female with bold reds and silhouettes—sometimes problematically
By Jye Marshall and The ConversationJanuary 22, 2026
Why AI’s greatest challenge is leadership, not innovation
Magazine
Why AI’s greatest challenge is leadership, not innovation
By Aslesha MehtaJanuary 22, 2026
McDonald’s CEO shares tough love career advice he’d give Gen Z and young millennial workers: ‘No one cares about your career’
Success
McDonald’s CEO shares tough love career advice he’d give Gen Z and young millennial workers: ‘No one cares about your career’
By Orianna Rosa RoyleJanuary 22, 2026
wendy
Commentary
Built to last: governance for multigenerational family businesses 
By Wendy StewartJanuary 22, 2026
mismatch
Future of Work
Welcome to the ‘skills mismatch economy’: The shift from roles to skills making your résumé—and your job title—meaningless
By Nick LichtenbergJanuary 22, 2026
rutte
Europe
From ‘Teflon Mark’ to ‘Trump Whisperer’: Meet the NATO Secretary General with the golden touch
By Mike Corder and The Associated PressJanuary 22, 2026
acunto
Commentary
I’m the Napster CEO and I agree with Pinterest: the Napster phase of AI needs to end
By John AcuntoJanuary 22, 2026
Ray Dalio says CEOs mourning the rules-based order must accept that change is here for good
Newsletters
Ray Dalio says CEOs mourning the rules-based order must accept that change is here for good
By Kamal AhmedJanuary 22, 2026
Jamie Dimon says government should have power to intervene in AI-driven mass layoffs
C-Suite
Jamie Dimon says government should have power to intervene in AI-driven mass layoffs
By Ruth UmohJanuary 21, 2026
Businessman, screen and presentation in meeting for ai, machine learning or training in workshop office.
C-Suite
The rise of on-demand leadership in the AI economy
By Ruth UmohJanuary 21, 2026
The Walmart C-suite reshuffle shows how the retailer sees itself now: As a tech company
C-Suite
The Walmart C-suite reshuffle shows how the retailer sees itself now: As a tech company
By Phil WahbaJanuary 21, 2026
WPP’s CTO says AI is reshaping advertising. But creative judgment needs to remain in human hands
Newsletters
WPP’s CTO says AI is reshaping advertising. But creative judgment needs to remain in human hands
By John KellJanuary 21, 2026
‘AI adoption is accelerating, but confidence is collapsing’: The more workers use AI, the less they trust it. Baby boomers show a 35% drop
Future of Work
‘AI adoption is accelerating, but confidence is collapsing’: The more workers use AI, the less they trust it. Baby boomers show a 35% drop
By Jake AngeloJanuary 21, 2026
US President Donald Trump jokes with Meta CEO Mark Zuckerberg (L) as he hosts tech leaders for a dinner in the State Dining Room of the White House in Washington, DC, on September 4, 2025.
AI
Trump says Mark Zuckerberg showed him a ‘Manhattan-sized’ AI data center
By Eva RoytburgJanuary 21, 2026
Ray Dalio warns that the monetary order is breaking down, leaving us with a terrible choice: ‘Do you print money or let a debt crisis happen?’
Investing
Ray Dalio warns that the monetary order is breaking down, leaving us with a terrible choice: ‘Do you print money or let a debt crisis happen?’
By Lee CliffordJanuary 21, 2026
Andy Jassy gestures while speaking at an event.
Economy
6 months later, Amazon CEO Andy Jassy sings a different tune on tariffs, saying the pain of higher prices is coming soon in 2026
By Jacqueline MunisJanuary 21, 2026
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Retail
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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