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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

Leadership

Leadership

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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

More in Success

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

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 85 of 100

From left: Hari Bala of Solventum, Bill Briggs of Deloitte; Susan Doniz of Disney, Lauri Palmieri of Salesforce, and Allie Garfinkle of Fortune at the annual Brainstorm Tech dinner during CES in Las Vegas on Jan. 5, 2026. (Photo: Jacob Kepler/Fortune)

Protect your agentic AI before you wreck your agentic AI

By Andrew NuscaJanuary 16, 2026

North America
Meet the Nvidia billionaire giving away his wealth—His son’s cancer battle inspired a recent $100 million gift
By Jacqueline MunisJanuary 13, 2026

The JPMorgan Chase and Co. global headquarters building, center, at 270 Park Avenue in New York, US, on Saturday, Oct. 4, 2025.

‘They’re going to have to think and act a lot more like hotels’: The new rules of office space now that the ‘genie is out of the bottle on hybrid’

By Jake AngeloJanuary 15, 2026

Worried about AI taking your job? New Anthropic research shows it’s not that simple

Worried about AI taking your job? New Anthropic research shows it’s not that simple

By Sharon GoldmanJanuary 15, 2026

Rich young man walking into office

The wealthy kids of property-rich U.K. parents get the highest-paying jobs, especially sons—and new research has revealed why

By Emma BurleighJanuary 15, 2026

Andy Reid

America’s hottest job opening right now is in the NFL—no degree is required, you won’t be fixed to a desk and it pays up to $20 million

By Preston ForeJanuary 15, 2026

Dante Moore reacts to green and white confetti falling on him.

An NFL-bound college quarterback just turned down a $50 million payday to stay in school and play another season

By Sasha RogelbergJanuary 15, 2026

Success
Gen X CEO uses AI versions of Steve Jobs and Warren Buffett as a ‘fantasy board of directors’ to help him prepare for meetings and performance reviews
By Preston ForeJanuary 13, 2026

The new CEO leading Saks Global through bankruptcy follows a management philosophy of ‘leading with love’

The new CEO leading Saks Global through bankruptcy follows a management philosophy of ‘leading with love’

By Phil WahbaJanuary 15, 2026

Photo of a job applicant being interviewed

Desperate job seekers are abandoning the idea of a ‘dream job’—but an economist warns bosses about what could happen next

By Jacqueline MunisJanuary 15, 2026

sharma

AI will infiltrate the industrial workforce in 2026—let’s apply it to training the next generation, not replacing them

By Kriti SharmaJanuary 15, 2026

Despite a $45 million net worth, Big Bang Theory star Kunal Nayyar still works tough, 16-hour days—he repeats this mantra when he’s overwhelmed

Despite a $45 million net worth, Big Bang Theory star Kunal Nayyar still works tough, 16-hour days—he repeats this mantra when he’s overwhelmed

By Orianna Rosa RoyleJanuary 15, 2026

The head of marketing at Slate posted on LinkedIn requesting cleaning services as a benefit at her company. The next day, HR answered her call

The head of marketing at Slate posted on LinkedIn requesting cleaning services as a benefit at her company. The next day, HR answered her call

By Sydney LakeJanuary 15, 2026

Success
MacKenzie Scott is using her $26 billion philanthropy push to rescue organizations in danger after the Trump administration’s funding cuts
By Sydney LakeJanuary 13, 2026

Using AI just to reduce costs is a woeful misuse of a transformative technology

Using AI just to reduce costs is a woeful misuse of a transformative technology

By Nigel VazJanuary 15, 2026

Can Saks’ new CEO repair the damage done to the luxury retailer by years of being treated as a ‘financial plaything’?

Can Saks’ new CEO repair the damage done to the luxury retailer by years of being treated as a ‘financial plaything’?

By Phil WahbaJanuary 15, 2026

taylor

Rural America is getting a bailout, but not from Trump—billionaires are riding to the rescue

By Nick LichtenbergJanuary 14, 2026

Gates

One year after Bill Gates surprised with the choice to close his foundation by 2045, he’s cutting staff jobs

By Stephanie Beasley and The Associated PressJanuary 14, 2026

U.S. President Donald Trump (C) walks with Executive chair of Ford Motor Company Bill Ford Jr. (L), and CEO of Ford Motor Company Jim Farley as they tour the Ford River Rouge Complex on January 13, 2026 in Dearborn, Michigan.

Trump hails ‘booming investment’ in Detroit while auto manufacturing jobs have fallen every month since Liberation Day

By Eva RoytburgJanuary 14, 2026

fraser

Citigroup CEO Jane Fraser warns of job cuts and says it’s time to raise the bar in a fiery memo to staff: ‘We are not graded on effort’

By Nick LichtenbergJanuary 14, 2026

McKinsey challenges graduates to master AI tools as it shifts hiring hunt toward liberal arts majors

McKinsey challenges graduates to master AI tools as it shifts hiring hunt toward liberal arts majors

By Jake AngeloJanuary 14, 2026

John Mackey, standing on stage, has his head turned downward with both hands touching his lips.

Whole Foods cofounder says his hardest ever business decision was firing his father from his company board: ‘That was when my mentorship was over’

By Sasha RogelbergJanuary 14, 2026

How Expedia’s CTO is using AI to transform work for 17,000 employees—and travel for millions

How Expedia’s CTO is using AI to transform work for 17,000 employees—and travel for millions

By John KellJanuary 14, 2026

powell

Forget the K-Shape: We have a barbell economy—and the middle class is buckling under the weight

By Katica RoyJanuary 14, 2026

Jensen Huang

The job market is broken, but Nvidia CEO Jensen Huang is ‘fairly confident’ that AI will increase productivity and therefore, hiring—but there’s a catch

By Preston ForeJanuary 14, 2026

Academy Award-winning actress Zoe Saldaña

Zoe Saldaña has been crowned the highest-grossing actor, with a $15.5 billion Hollywood portfolio—beating Scarlett Johansson and Samuel L. Jackson to the top spot

By Emma BurleighJanuary 14, 2026

Leaders are increasingly worried about an economic downturn, inflation, and an asset bubble bust

Leaders are increasingly worried about an economic downturn, inflation, and an asset bubble bust

By Diane BradyJanuary 14, 2026

Hubbard

Carhartt CEO says they always focused on blue-collar workers—but hipsters came anyway: ‘We welcome anyone … that wants to celebrate hard work’

By Nick LichtenbergJanuary 13, 2026

A worker in a green jacket operates a welding tool.

U.S workers just took home their smallest share of capital since 1947, at least

By Sasha RogelbergJanuary 13, 2026

As ‘agentic commerce’ gains ground, companies shouldn’t put too much faith in ‘GEO,’ one industry insider warns

By Jeremy KahnJanuary 13, 2026

‘Humans could go the way of horses’: Goldman calculated how bad the AI ‘job apocalypse’ will be—and its analysts were pleasantly surprised

‘Humans could go the way of horses’: Goldman calculated how bad the AI ‘job apocalypse’ will be—and its analysts were pleasantly surprised

By Jim EdwardsJanuary 13, 2026

micro

‘Microshifting,’ an extreme form of hybrid working that breaks work into short, non-continuous blocks, is on the rise

By Nick LichtenbergJanuary 13, 2026

Mark Zuckerberg

Meta is changing its performance review to reward output over effort, taking a page from Amazon and X

By Jake AngeloJanuary 13, 2026

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Most Popular

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

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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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