Delta and major US airlines face federal probe into loyalty program practices
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As part of the probe, the carriers will have to provide detailed information on their rewards programs — which encompasses credit card, consumer incentive, loyalty and frequent flier programs.
https://fortune.com/2024/09/05/delta-major-us-airlines-federal-probe-loyalty-program-practices/
Elon Musk repeatedly interacted on X with right-wing influencers allegedly backed by a Russia-funded company
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Musk had at least a hundred interactions with three influencers combined.
https://fortune.com/2024/09/05/elon-musk-far-right-influencers-tenet-media-russia-funded/
How we went from making cold brew coffee at home to producing 350,000 cups a day—and selling it via Target and Walmart
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Bizzy Cold Brew has quickly thrived in an intensely competitive coffee market despite its humble origins.
How we built our bootstrapped startup different and sold it for $40M. (Hint: We ignored some myths)
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Startup mythology is extremely compelling—Zuck! Musk! Gates!—but it doesn’t do entrepreneurs any favors.
Nvidia’s CEO would rather ‘torture employees to greatness’ than fire them
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Jensen Huang’s workaholic ways lead to long days for rich workers.
https://fortune.com/2024/09/05/nvidia-ceo-jensen-huang-torture-employees-to-greatness-culture/
Washington attacks on Nippon’s bid for U.S. Steel puts ally Japan’s spot on ‘friends and family list’ into doubt
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“If the U.S. draws up a friends and family list and Japan is not on that list, then I’d question [what country] would make that list.”
https://fortune.com/asia/2024/09/05/white-house-set-to-block-nippon-steel-deal-japan-ally-election/
Trump just called for a U.S. sovereign wealth fund. What would that look like?
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The former president made remarks on Thursday at the Economic Club of New York.
https://fortune.com/2024/09/05/trump-sovereign-wealth-fund-economic-club-new-york/
Nvidia’s CEO would rather ‘torture employees to greatness’ than fire them
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Jensen Huang’s workaholic ways lead to long days for rich workers.
https://fortune.com/2024/09/05/nvidia-ceo-jensen-huang-torture-employees-to-greatness-culture/
Washington attacks on Nippon’s bid for U.S. Steel puts ally Japan’s spot in ‘friends and family list’ into doubt
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“If the U.S. draws up a friends and family list and Japan is not on that list, then I’d question what country would make that list.”
https://fortune.com/asia/2024/09/05/white-house-set-to-block-nippon-steel-deal-japan-ally-election/
Google faces a possible $100 billion litigation avalanche, says Bernstein
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When authorities ruled against Microsoft in an antitrust case, the company battled a barrage of lawsuits for years.
https://fortune.com/2024/09/04/google-antitrust-lawsuits-text-ads-search/
Trump calls for regulatory bloodbath—asks Musk to lead task force on ‘drastic cuts’
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Musk has called for a federal task force to ensure taxpayer money is spent effectively and pitched himself for a role in that effort.
Here’s why Nvidia’s aggressive sales tactics are in the DOJ’s crosshairs
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“All of Nvidia’s competitors have issued grievances with me. I’m not going to name them, but you can imagine who they might be,” said Patrick Moorhead of Moor Insights & Strategy.
The DOJ can’t break up Nvidia party, the stock is staying high, BofA says
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Reports of a possible DOJ inquiry into the chip manufacturer are unlikely to affect the stock—for now.
Mars chief reveals his secrets to leadership success: Slow down, learn from failures, embrace feedback
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Anton Vincent, president of Mars North America, underscored the value of constructive feedback in shaping a career.
https://fortune.com/2024/09/05/mars-anton-vincent-leadership-success-career-advice-feedback/
Bolt CEO: Department stores are rising from the ashes
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To write off department stores entirely would be premature. These institutions have weathered economic storms before.
https://fortune.com/2024/09/05/bolt-ceo-department-stores-rising-technology-shopping-retail/
Volvo Cars CEO admits 50% of its markets are taking ‘a lot longer’ to go electric and walks back 2030 EV goal
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“We will be fully electric probably in 50% of the market way before 2030, but in the other 50%, it’s going to take a lot longer," CEO Jim Rowan told Fortune.
https://fortune.com/europe/2024/09/05/volvo-cars-ev-earnings-autos-chinese-tariffs-carmaker-2030/
Why China is interested in a mid-level government aide in New York State
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The case shows China is trying to directly influence U.S. politics in line with its interests, even at the local level.
https://fortune.com/2024/09/05/linda-sun-china-new-york-agent/
Kamala Harris’ magic number for revamping the corporate tax rate is nearly double what Trump is proposing
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Harris is focused on making it easier to start a small business in America.
https://fortune.com/2024/09/05/kamala-harris-donald-trump-corporate-tax-rate-economists/
Unemployment is rattling the Fed committee so much that even its hawkish members are backing a cut
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"The balance of risks has shifted and I am today giving basically equal attention to the maximum employment objective."
https://fortune.com/2024/09/05/fed-comittee-rate-cut-atlanta-president-hawk-shifting-cut-focus/
Texas judge who owns Tesla stock rules Elon Musk can take media watchdog to trial over Nazi claims
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Elon Musk’s favorite Texas judge ruled his case against Media Matters for America can proceed as planned.
https://fortune.com/2024/08/30/elon-musk-tesla-lawsuit-media-matters-texas-reed-oconnor/