Telegram’s financials: It’s a loss-making company (that holds a lot of crypto)
?w=2048
The financials, filed in the British Virgin Islands, show revenue of only $342 million and a net loss of $259 million in 2023.
https://fortune.com/2024/09/02/telegram-financials-crypto-toncoin/
Natural disasters to cost insurers $151 billion per year
?w=2048
Calculations suggest that climate change accounts for about 1% of the annual increase in losses.
https://fortune.com/2024/09/03/natural-disasters-cost-insurers-151-billion-per-year/
PayPal cofounder Max Levchin’s traumatic debt experience motivated him to create Affirm. Now he’s dreaming of a world without credit cards
?w=2048
But the jury’s still out on whether his buy-now, pay-later system is any better—or different for consumers.
Mortgage rates just fell to their lowest level in months—accelerating the sellers’ comeback
?w=2048
They could fall even further, but remember there’s a “new normal,” where mortgage rates might not ever hit rock-bottom levels again.
Mountain Dew will pay for you to move to this part of the country
?w=2048
You’ll also get a year’s worth of the beverage and some gear.
https://fortune.com/2024/09/03/mountain-dew-free-soda-relocation-reimbursement/
Volkswagen considers first German factory closure in 87-year history
?w=2048
Volkswagen CEO Oliver Bloom decried the German manufacturing industry as his company said it was considering plant closures.
https://fortune.com/europe/2024/09/03/volkswagen-german-factory-closure-ev-layoffs/
The $130 Barbie dumbphone is targeting Gen Z’s nostalgia for an era they can’t remember
?w=2048
Nostalgia, anti-tech sentiment, and a Y2K aesthetic all make for a perfect storm for flip phones and Gen Z.
https://fortune.com/2024/08/29/hmd-mattel-barbie-phone-genz-nostalgia/
Germany in crisis: Intel and Volkswagen mull a multibillion-dollar withdrawal from the country
?w=2048
Intel is reconsidering a €30 billion factory while Volkswagen contemplates closures as German industry drowns in a two-year recession.
Brazil’s president says Elon Musk’s wealth doesn’t mean world has to accept his ‘far-right ideology’
?w=2048
“Just because the guy has a lot of money doesn’t mean he can disrespect this [country].”
https://fortune.com/2024/09/03/brazil-leader-elon-musk-oblige-rich-x-ban/
Kamala Harris is wrong. American economic history is replete with failed price control policies
?w=2048
Price controls fail to meet the hope of their advocates because such policies don't address the root causes and introduce unintended consequences.
Best online checking accounts for September 2024
?w=2048
Maximize your money with our guide on the best online checking accounts
https://fortune.com/recommends/banking/best-online-checking-accounts/
The 10 best checking account bonuses for September 2024: Earn up to $700
?w=2048
Want to earn some extra cash on a new checking account? Here are 10 accounts with cash bonuses.
https://fortune.com/recommends/banking/best-checking-account-bonuses/
How to keep a disagreement from turning into toxic conflict
?w=2048
Outrage is contagious, but so are curiosity and humility.
The best CD rates for Massachusetts in September 2024
?w=2048
We analyzed Curinos data to determine the most impressive CD rates in Massachusetts.
https://fortune.com/recommends/banking/cd-rates-massachusetts/
Brazil’s president says Elon Musk’s wealth doesn’t mean world has to accept his ‘far-right ideology’
?w=2048
""Just because the guy has a lot of money doesn't mean he can disrespect this [country]."
https://fortune.com/2024/09/03/brazil-leader-elon-musk-oblige-rich-x-ban/
Paris is leading the global RTO—its secret weapon? An affordable commute
?w=2048
Employers are required to pay the bulk of Parisians' commuting costs, making RTOs more enticing. London may need to take a page from Paris's playbook.
China-linked ‘Spamouflage’ network of fake social media users mimics Americans to sway U.S. political debate
?w=2048
As voters prepare to cast their ballots this fall, China has been making its own plans, cultivating networks of fake social media users designed to mimic Americans.
https://fortune.com/2024/09/03/china-spamouflage-fake-social-media-users-mimics-americans/
Audi executive dies in fall from 10,000-foot mountain
?w=2048
Lamborghini’s chairman and CEO Stephan Winkelmann remembers: 'Goodbye, my friend'
https://fortune.com/2024/09/03/fabrizio-longo-audi-executive/
Morgan Stanley’s Mike Wilson predicted last month’s market dip and now says stocks that lagged are due a catch up
?w=2048
A stronger-than-expected payrolls number would likely give investors “greater confidence that growth risks have subsided.”
Marijuana ruling delayed until after election, putting Harris and Trump’s pot stances in the spotlight
?w=2048
U.S. Drug Enforcement Administration set a hearing date to take comment on the proposed historic change in federal drug policy for Dec. 2.
https://fortune.com/2024/09/03/marijuana-reclassify-ruling-delayed/