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Fortune Daily

Fortune Daily brings you inside the Fortune newsroom and the boardroom. We turn today's biggest business headlines into fast, actionable insights on markets, tech, leadership, and the forces reshaping the global economy. New episodes drop Monday through Thursday. Subscribe on YouTube, Apple, or Spotify.

What Bankrupted Red Lobster | Fortune DailyDid $20 Endless Shrimp really sink Red Lobster—or was it just a punchline hiding a much bigger financial disaster? A new Fortune investigation reveals that the viral promotion was only the tip of the seafood tower. Behind the bankruptcy, mass restaurant closures, and devastated employee pensions lies a story of private-equity deals, skyrocketing lease obligations, and allegations of self-dealing by former owners. Fortune Business Editor Nick Lichtenberg joins Fortune Daily to break down how an iconic American dining staple lost its way, who really profited, and what this collapse signals for the broader restaurant industry. Plus, we look at Argentina’s new "golden passport" program designed to attract high-net-worth individuals and what it means for global wealth mobility. Read Nick’s full article: https://fortune.com/2026/10/01/red-lobster-endless-shrimp-bankruptcy-thai-union-private-equity-lawsuit/ Subscribe to Fortune: https://fortune.com/subscribe/ 00:00 Red Lobster 15:40 Argentina’s Golden Passports Additional images courtesy of Getty Images Illustration Credit: Micha Huigen for Fortune

Fortune Daily Episodes

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19:11

What Bankrupted Red Lobster | Fortune DailyOctober 4, 2026

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24:07

The Return of Uber’s Ousted Founder | Fortune DailySeptember 30, 2026

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22:27

The End of College? Inside a16z’s School for Tech Titans | Fortune DailySeptember 29, 2026

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19:31

The Careers AI Can’t Replace ft. Mike Rowe | Fortune DailySeptember 28, 2026

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14:44

When AI Becomes Management | Fortune DailySeptember 27, 2026

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17:37

Inside Chevron’s Massive Bet on AI & Energy | Fortune DailySeptember 23, 2026

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19:00

Effective Altruism Explained: Why the Pentagon Is Attacking AI 'Doomers' | Fortune DailySeptember 22, 2026

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24:56

When to Spend Everything ft. Bill Perkins | Fortune DailySeptember 21, 2026

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23:46

Why Viral Views Don’t Equal a Business (And What Does) | Fortune DailySeptember 20, 2026

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22:01

How Lucy Guo Became a Self-Made AI Billionaire | Fortune DailySeptember 16, 2026

The Big Number | Powered by Ramp

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05:11

Today's Big Number | Powered by RampAugust 28, 2026

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03:36

August's Big Number | Powered by RampAugust 7, 2026

Featured on Fortune Daily

The real story behind Red Lobster’s $20 Ultimate Endless Shrimp fiasco: How an American seafood icon lost its way

The real story behind Red Lobster’s $20 Ultimate Endless Shrimp fiasco: How an American seafood icon lost its way

By Nick LichtenbergOctober 1, 2026

Male employee pointing at a user experience diagram on a whiteboard

Here’s what the AI-native org chart could look like

By Kristin StollerSeptember 28, 2026

Travis Kalanick is back: How Uber’s ousted founder went from pariah to Silicon Valley hero

Travis Kalanick is back: How Uber’s ousted founder went from pariah to Silicon Valley hero

By Jeff John RobertsSeptember 24, 2026

Trump and Mamdani

‘You’re a going to be a great one’: Trump tells Mamdani he has ‘potential’ to be a great mayor and floats federal funds to his native Queens

By Catherina GioinoSeptember 21, 2026

Sydney Sweeney’s Novig ad reveals a new fault line in sports marketing

Sydney Sweeney’s Novig ad reveals a new fault line in sports marketing

By Emma HinchliffeSeptember 16, 2026

Thumbnail image for Fortune Titans and Disruptors of Industry podcast reads, "Losing Control of AI?" and depicts Fortune Editor-in-Chief Alyson Shontell and OpenAI CEO Sam Altman in conversation on a podcast.

Exclusive: Sam Altman addresses AI doomsday fears in new interview

By Alyson ShontellSeptember 12, 2026

Hugging Face cofounder and chief scientist Thomas Wolf.

Hugging Face goes from a ‘scrappy’ startup named after an emoji to $13 billion Nvidia acquisition

By Emily ForliniSeptember 3, 2026

OpenAI President Greg Brockman

OpenAI launches GPT-6 Astra, its most powerful model yet, and touts its ability to use your computer

By Emily ForliniSeptember 3, 2026

Photo of Gloria Steinem

Arts & Entertainment

Gloria Steinem, who fought for decades for women’s equality, dies at 92

By The Associated Press and Jocelyn NoveckSeptember 3, 2026

Photo of Sam Altman

OpenAI to limit access to Astra model’s advanced cyber features due to hacking concerns

By Emily ForliniSeptember 1, 2026

Temu spent up to $962 million on ads that helped finance an army of fake creators on Meta platforms, research claims

By Jim EdwardsAugust 31, 2026

New York City sends 11,000 more pied-à-terre tax letters as it apologizes to the 1,200 wrongly targeted because it didn’t check 2025 tax returns

Personal Finance

New York City sends 11,000 more pied-à-terre tax letters as it apologizes to the 1,200 wrongly targeted because it didn’t check 2025 tax returns

By Catherina GioinoAugust 28, 2026

Flock is going from the center of the surveillance debate to bipartisan target in record time

Flock is going from the center of the surveillance debate to bipartisan target in record time

By Catherina GioinoAugust 28, 2026

Gap’s new playbook: Less discounting, more Hailey Bieber

Gap’s new playbook: Less discounting, more Hailey Bieber

By Phil WahbaAugust 28, 2026

OpenAI CEO Sam Altman

OpenAI, independent firms publish reports on rogue AI attack on Hugging Face. Here are the main takeaways—and what OpenAI still hasn’t disclosed.

By Emily ForliniAugust 26, 2026

Apple lays off staffers ahead of CEO change

Apple lays off staffers ahead of CEO change

By Alexei OreskovicAugust 24, 2026

Anthropic to SpaceX: You ain’t bigger

Anthropic to SpaceX: You ain’t bigger

By Alexei OreskovicAugust 21, 2026

Amazon can’t quit Bezos’ drone dream

Amazon can’t quit Bezos’ drone dream

By Alexei OreskovicAugust 20, 2026

Photo of Sam Altman

OpenAI hits pause on training in Hugging Face aftermath

By Lily Mae LazarusAugust 19, 2026

Photo of Sam Altman

OpenAI says it paused AI training for two weeks and announces new security protocols following Hugging Face hack

By Emily ForliniAugust 18, 2026

Alibaba’s $2 billion gaming exit signals where Beijing wants its money

Alibaba’s $2 billion gaming exit signals where Beijing wants its money

By Mia OsmonbekovAugust 18, 2026

OpenAI’s 69-page report on ChatGPT enterprise adoption doesn’t address the biggest question: ROI

OpenAI’s 69-page report on ChatGPT enterprise adoption doesn’t address the biggest question: ROI

By Emily ForliniAugust 13, 2026

Bob Iger and Josh Kushner buy the LA Lakers for a record-breaking $12.5 billion, up 25% in just the 14 months since Mark Walter bought them

Arts & Entertainment

Bob Iger and Josh Kushner buy the LA Lakers for a record-breaking $12.5 billion, up 25% in just the 14 months since Mark Walter bought them

By Catherina GioinoAugust 12, 2026

Bumble killed the feature that made it famous. Can it find a new reason for daters to stay?

Bumble killed the feature that made it famous. Can it find a new reason for daters to stay?

By Emma HinchliffeAugust 12, 2026

Meet ChatTJB, the ‘AI’ chatbot with no AI, no algorithm and no LLM. It’s just one guy and the 10,000 people who volunteered to type back

Meet ChatTJB, the ‘AI’ chatbot with no AI, no algorithm and no LLM. It’s just one guy and the 10,000 people who volunteered to type back

By Tatiana SatauaAugust 12, 2026

Arianna Huffington says even high-flying CEOs are unhappy and feel stuck in their multimillion-dollar jobs: ‘It’s a trap’

Arianna Huffington says even high-flying CEOs are unhappy and feel stuck in their multimillion-dollar jobs: ‘It’s a trap’

By Orianna Rosa RoyleAugust 11, 2026

Wheels of Parmigiano Reggiano cheese on shelves

Italy’s $4.7 billion cheese economy is feeling the heat as climate change threatens its cheese banks that hold Parmigiano wheels as loan collateral

By Catherina GioinoAugust 10, 2026

AOC is freezing her eggs—and she doesn’t owe anyone an explanation

AOC is freezing her eggs—and she doesn’t owe anyone an explanation

By Emma HinchliffeAugust 10, 2026

Two men and a women review a resume

Your résumé looks like a perfect match. Hiring managers may see that as a red flag

By Kristin StollerAugust 10, 2026

CEO of the world’s largest workspace provider says commuting will be extinct by 2040—and your kids will think it’s ‘mad stuff’ professionals once did

CEO of the world’s largest workspace provider says commuting will be extinct by 2040—and your kids will think it’s ‘mad stuff’ professionals once did

By Orianna Rosa RoyleAugust 8, 2026

Lauris

Exclusive: Kalshi partners with Blanket to help small businesses hedge against risk—with help from the guru of ‘hypergamblification’

By Nick LichtenbergAugust 7, 2026

Scott Bessent, US treasury secretary, during a meeting with US President Donald Trump and Lebanon's President Joseph Aoun, not pictured, in the Oval Office of the White House in Washington, DC, US, on Tuesday, July 21, 2026.

Scott Bessent just declared the K-shaped economy is over, saying he’s ‘sick of hearing about’ it—but the data would beg to disagree

By Eleanor PringleAugust 5, 2026

Bill Ackman, unfiltered: The billionaire hedge fund founder’s take on AI, investing, and why socialism is a ‘disaster’

Bill Ackman, unfiltered: The billionaire hedge fund founder’s take on AI, investing, and why socialism is a ‘disaster’

By Fortune EditorsAugust 5, 2026

Alex Karp, wearing a hat, gives a peace sign

Palantir CEO Alex Karp celebrates 93% revenue growth as stock soars after blockbuster earnings: ‘For the first time people believe us’

By Preston ForeAugust 3, 2026

Exclusive: Former OpenAI exec Fidji Simo discusses her battle with POTS and her startup’s plans to cure it with AI and 3,500 vials of blood (so far)

Exclusive: Former OpenAI exec Fidji Simo discusses her battle with POTS and her startup’s plans to cure it with AI and 3,500 vials of blood (so far)

By Emily ForliniAugust 3, 2026

A record 34 women now run Fortune Global 500 companies. That’s still just 6.8%

A record 34 women now run Fortune Global 500 companies. That’s still just 6.8%

By Emma HinchliffeAugust 3, 2026

Electric air taxis are finally ready for takeoff

Electric air taxis are finally ready for takeoff

By Alexei OreskovicAugust 3, 2026

How Barnes & Noble CEO James Daunt tapped his indie bookstore cred to revive the big-box chain

How Barnes & Noble CEO James Daunt tapped his indie bookstore cred to revive the big-box chain

By Phil WahbaAugust 3, 2026

For the third time in history, women outnumber men in the workforce as the stay-at-home boyfriend becomes an economic trend

For the third time in history, women outnumber men in the workforce as the stay-at-home boyfriend becomes an economic trend

By Catherina GioinoAugust 2, 2026

Inside Ikea’s big bet on humans in the age of AI

Inside Ikea’s big bet on humans in the age of AI

By Claire ZillmanJuly 30, 2026

No. 1 on the Fortune Global 500: Amazon’s Jeff Bezos on how his garage startup became the largest company in the world by revenue

No. 1 on the Fortune Global 500: Amazon’s Jeff Bezos on how his garage startup became the largest company in the world by revenue

By Kristin StollerJuly 28, 2026

More than manufacturing: Vietnam has hopes to become Asia’s next cultural powerhouse

More than manufacturing: Vietnam has hopes to become Asia’s next cultural powerhouse

By Lee WilliamsonJune 16, 2026

Meta and YouTube just took a crushing legal blow over tech addiction. At this rehab for addicted teens and adults, it’s treated like heroin

Meta and YouTube just took a crushing legal blow over tech addiction. At this rehab for addicted teens and adults, it’s treated like heroin

By Kristin StollerMarch 24, 2026

Fortune Daily video show graphic showing host Ellie Austin

Welcome to Fortune Daily

By Ellie AustinAugust 3, 2026

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Most Popular

Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses

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By Sasha RogelbergOctober 3, 2026

Anthropic’s Daniela Amodei says entrepreneurs should go on vacation to road test potential cofounders—if they’re a drain, they’re ‘the wrong choice’

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By Emma BurleighOctober 4, 2026

Japan’s population is shrinking at an accelerating rate, but the nationalist prime minister is making it harder for foreigners to live there

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By Jason MaOctober 4, 2026

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