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Source: Fortune

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Credit Suisse CEO calls a complete return to office ‘unrealistic,’ joining other European banks in embracing remote work
European banks are embracing greater flexibility even as their U.S. counterparts try to get workers back to the office. Read More Read full article
5h ago
Fortune
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23.05.2022
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Why Bracken Darrell, the president and CEO of Logitech, fired, rehired himself, and wrote his own contract
At Fortune's 2022 Brainstorm Design conference, the president and CEO of Logitech shared a unique exercise that has made him and his team continue innovating. Read More Read full article
11h ago
Fortune
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Airbnb to shutter its China business amid COVID lockdowns
Because rentals in China account for just 1% of Airbnb’s revenue, the company sees a bigger opportunity in outbound tourism from China. Read More Read full article
11h ago
Fortune
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Monkeypox is spreading through sexual contact, but it’s not a sexually transmitted infection, WHO says. Here’s what that means
A Danish company is ramping up smallpox vaccine production to combat monkeypox, the disease currently spreading across Europe and North America.
Read More Read full article
12h ago
Fortune
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GameStop’s new digital wallet launches amid fierce competition and crashing crypto market
Shares of the gaming company jumped 3% on the announcement. Read More Read full article
12h ago
Fortune
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Remote workers must not be left behind, workplace design experts warn
Bosses have to listen to what workers want from return to work, design experts warn. Read More Read full article
14h ago
Fortune
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Watch: Fortune’s Brainstorm Design Livestream
Now in its third year, Fortune Brainstorm Design is a leading international forum at the intersection of design, business, and tech. Read More Read full article
15h ago
Fortune
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Tether investors cash out to the tune of $10 billion as crypto crashes and stablecoin confidence falters after UST collapse
Tether also briefly lost its peg following the TerraUSD collapse, but quickly regained it.
Read More Read full article
16h ago
Fortune
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A record 68% of American households said their savings could cover a $400 emergency in 2021
Financial well-being reached an all-time high in 2021, according to the Federal Reserve. Read More Read full article
16h ago
Fortune
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NFT artist Beeple’s Twitter account was hacked with a phishing scam, and people lost thousands of dollars
Beeple regained his account shortly after, but not before users lost thousands of dollars in crypto and NFTs after clicking on links posted by the hackers. Read More Read full article
16h ago
Fortune
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Want to buy the dip during this bear market? Morgan Stanley says think twice—it’s ‘too early to get bullish’
Morgan Stanley's Mike Wilson argues risks to earnings growth are emerging, and investors should use bear market rallies as an opportunity to sell, not buy. Read More Read full article
16h ago
Fortune
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The shocking subway shooting of a Goldman Sachs employee further clouds NYC’s return-to-office push
New York City Mayor Eric Adams and most big employers want workers back in the office. But the subway just seems to get more and more dangerous. Read More Read full article
16h ago
Fortune
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Fixing the carbon market’s wealth gap is key to fighting climate change, Davos panel says
It’s been six months since the Glasgow Climate Pact was formed after the COP26 conference, and many questions still remain about what it means for the global carbon market. Read More Read full article
16h ago
Fortune
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Activision Blizzard illegally threatened staff, U.S. labor officials find
Labor board officials also found that Activision enforced a social media policy that conflicts with workers’ rights. Read More Read full article
16h ago
Fortune
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The U.S. just got 70,000 pounds of baby formula airlifted in from Europe to help with the national shortage
The shipment is expected to hit the shelves "as early as this week," according to Biden's top economic adviser. Read More Read full article
17h ago
Fortune
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Can you catch monkeypox on a plane? Here’s how health officials are calculating your risk
Monkeypox is continuing to spread across Europe and North America, and now officials are warning there could be some level of risk associated with air travel. Read More Read full article
18h ago
Fortune
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Mark Zuckerberg sued over role in Cambridge Analytica data breach, D.C. Attorney General says
Zuckerberg contributed to Facebook’s failure to protect the privacy and data of 87 million Americans during the 2016 election, D.C. Attorney General Karl Racine said in a statement Monday. Read More Read full article
19h ago
Fortune
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Broadcom in talks to acquire VMware in mega cloud software deal worth tens of billions
A deal for VMware would vault the chipmaker into a highly specialized area of software. Read More Read full article
19h ago
Fortune
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Pfizer says three COVID shots is ‘highly effective’ in children under 5
A three-dose regimen was 80.3% effective in a preliminary finding based on 10 infections in children ages 6 months through 4 years old, Pfizer and BioNTech said Monday. Read More Read full article
20h ago
Fortune
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Bank leader makes speech about ‘nut job’ climate change doom-mongers — and his bosses are not impressed
Stuart Kirk, global head of responsible investments, has reportedly been suspended, with HSBC leaders publicly denouncing his comments. Read More Read full article
20h ago
Fortune
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Starbucks to exit Russia after suspending business there in March
Starbucks suspended its operations at all 130 locations in Russia in March following the country's invasion of Ukraine. Read More Read full article
20h ago
Fortune
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Traveling for the first time post-COVID? This new travel telehealth startup wants to answer your questions
No one wants to get sick while on vacation, and this new telehealth startup wants to make medical care faster and more affordable for travelers. Read More Read full article
21h ago
Fortune
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‘You’re literally burning money’: Luna creator Do Kwon baffled as holders volunteer to torch their own crypto to save the coin
Proponents of the plan argue destroying their own holdings would deflate the trillions of Luna in circulation and prop up the price, citing ongoing efforts by Shiba Inu investors as a model. Read More Read full article
21h ago
Fortune
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Zelensky pitches Western leaders at Davos on the business opportunities that would come from giving Ukraine $5 billion a month
Rather than describing the dire situation as a crisis, Zelensky cast it as a potentially lucrative opportunity for Western countries and companies. Read More Read full article
22h ago
Fortune
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At Davos, Zelensky calls for maximum sanctions on Russia, offers ‘patronages’ for rebuilding Ukraine
Zelensky stressed that the invasion of Ukraine and the tens of thousands of lives lost in the war could have been avoided had other nations enacted preventative sanctions instead of imposing them in response. Read More Read full article
22h ago
Fortune
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People coming into contact with monkeypox are now being advised to quarantine for 3 weeks
Belgium introduced the world's first compulsory monkeypox quarantine rules last week. Read More Read full article
23h ago
Fortune
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Binance CEO asks users to report ‘suspicious’ activity to its tip line, after reports flag insider trading on crypto exchanges
A recent report suggested that some wallets may have been trading based on insider knowledge of upcoming coin listings. Read More Read full article
24h ago
Fortune
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The last housing bubble missed Texas. Now the Lone Star State is home to the second most ‘overvalued’ housing market in the country
Research from Florida Atlantic University shows house prices in Austin are 66% higher than underlying economics support. Read More Read full article
1d ago
Fortune
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The pandemic has redefined leadership at every level. Meet the new, hybrid leader
The realities of the COVID era have forced everyone, regardless of title, to pause and rethink how they define leadership. Read More Read full article
1d ago
Fortune
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Goldman Sachs and Bank of America have very different calls for when stocks will hit bottom
The giants of Wall Street are looking at the same markets tumult, and drawing very different conclusions on when the carnage might end. Read More Read full article
1d ago
Fortune
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How a Chinese nationalist influencer is stoking conspiracy theories over U.S. spreading monkeypox
While Chinese state media has refrained from accusing the U.S. of intentionally spreading monkeypox — an accusation it made about COVID-19 — many social media users haven’t held back. Read More Read full article
1d ago
Fortune
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Musk calls Twitter’s explanation of its bot numbers ‘very suspicious’ as he suggests slashing the value of his takeover bid
The Tesla CEO has publicly doubted Twitter's claim that only 5% of the platform's users are bots. Read More Read full article
1d ago
Fortune
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As Shanghai eases COVID lockdown, one of China’s wealthiest tech titans grumbles that consumers took online services for granted
Tencent founder Pony Ma shared a viral post on his WeChat account, that warns of economic risks from China's Zero COVID policy. Read More Read full article
1d ago
Fortune
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22.05.2022
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HSBC suspends senior executive after climate-change comments: report
Kirk's presentation was approved ahead of the conference, Financial Times reported. Read More Read full article
2d ago
Fortune
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DeFi believers never say die, even after they see Terra’s demise
“An algo stable will exist in the next five-to-seven years,” said Hassan Bassiri, a portfolio manager at Arca, which was an investor in Terra. “And it has to exist or else what are we even doing in this space?” Read… Read full article
2d ago
Fortune
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‘Operation Fly Formula’ delivers 78,000 pounds of infant formula to U.S.
The formula was transported by military plane. Read More Read full article
2d ago
Fortune
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Average U.S. gasoline price jumps 33 cents to $4.71 per gallon
The average price at the pump is $1.61 higher than it was one year ago. Read More Read full article
2d ago
Fortune
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A Harvard economist says the economy looks bad right now, but a recession isn’t a sure thing. It all depends on these 2 factors
Fears of a recession are mounting, but this economist is unwilling to get drawn into the drama just yet Read More Read full article
2d ago
Fortune
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Ukraine negotiator rules out concessions to Russia, Reuters reports
Any concession to Russia will lead to an escalation of the war, Mikhailo Podolyak, an adviser to Ukrainian President Volodymyr Zelenskiy, said in an interview with Reuters on Saturday. Read More Read full article
2d ago
Fortune
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Biden adviser says U.S. economy can withstand Fed inflation fight
White House economic adviser Brian Deese stopped short of ruling out a U.S. recession as the Federal Reserve combats inflation, saying the central bank needs space to do its job. Read More Read full article
2d ago
FED
Fortune
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Consumers defy inflation to support economy. For how long?
With prices across the economy—from food, gas and rent to cars, airfares and hotel rooms—soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending. Not so far. Read More Read full article
2d ago
Fortune
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Mental health at work: how accommodations can help employees—and companies—thrive
Experts explain what mental health accommodations are available to employees, and how leaders can help create a supportive environment. Read More Read full article
2d ago
Fortune
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One less excuse for avoiding the office: Your dog might not care if you’re gone, vets say
Does your dog miss you when you go to the office? The experts say maybe not. Read More Read full article
2d ago
Fortune
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Biden says monkeypox spread concerning, advisers examining
The growing monkeypox outbreak is “something everyone should be concerned about,” President Joe Biden said. Read More Read full article
2d ago
Fortune
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It’s looking a lot like the dot-com crash again. Is the economy headed for an early 2000s-style recession?
"People don't want to admit it, but psychology has the biggest impact on stock prices," investment firm manager George Ball tells Fortune. And investors' "psychology has turned negative." Read More Read full article
2d ago
Fortune
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The U.S. is in a sixth COVID wave—but it doesn’t look like it on a new CDC map
The CDC is 'gaslighting' the American public, one doctor says: 'Tell me why I'm wrong about this.' Read More Read full article
2d ago
Fortune
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