Aging is the inflation of life. An emerging crop of longevity biotech companies needs investment to beat it
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A new generation of longevity biotech companies with a more conservative approach than their predecessors has emerged—but investment remains constrained.
https://fortune.com/2024/09/09/aging-inflation-life-longevity-biotech-investing/
U.S. debt is so massive, interest costs alone are now $3 billion a day
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“If the Fed cuts interest rates by 1%-point and the entire yield curve declines by 1%-point, then daily interest expenses will decline from $3 billion per day to $2.5 billion per day.”
https://fortune.com/2024/09/07/us-debt-crisis-daily-interest-expense-3-billion-fed-rate-cuts/
Starbucks’ new CEO on the worst advice he ever got: Demonstrate that you can fire somebody
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The main qualm Brian Niccol had with his former manager’s recommendation is that it prioritized disciplining employees rather than coaching them.
Polymarket likely to remain offshore for now despite ruling in favor of U.S. election betting
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The predictions market Kalshi successfully sued the Commodity Futures Trading Commission, which might appeal the ruling.
Disgraced fashion mogul sentenced to 11 years for decades of assaulting young girls
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Former Canadian fashion mogul Peter Nygard was sentenced to 11 years in prison by an Ontario judge after being found guilty on four counts of sexual assault. Nygard, 83, received a sentence of 3.5 years on one of the convictions and 2.5 years on each of the other three charges. Prosecutors had been seeking a […]
Starbucks’ new CEO on the worst advice he ever got: Demonstrate that you can fire somebody
?w=2048
The main qualm Brian Niccol had with his former manager’s recommendation is that it prioritized disciplining employees rather than coaching them.
Polymarket likely to remain offshore for now despite ruling in favor of U.S. election betting
?w=2048
The predictions market Kalshi successfully sued the Commodity Futures Trading Commission, which might appeal the ruling.
Older adults should get their flu shots now. Here’s why they also need stronger vaccines
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Two flu vaccines are FDA-approved exclusively for people 65 and older, who are at higher risk of severe infection.
https://fortune.com/well/article/high-dose-adjuvanted-flu-vaccine-seniors-65-older/
Polymarket likely to remain offshore for now despite ruling in favor of U.S. election betting
?w=2048
The predictions market Kalshi successfully sued the Commodity Futures Trading Commission, which might appeal the ruling.
Tesla posts 2024 high in China car sales last month, but is still losing share to rivals like BYD
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Elon Musk claims a report that says Tesla's market share is declining in China is "silly" as his factory runs at full steam.
https://fortune.com/2024/09/09/elon-musk-tesla-china-record-byd-nev-market/
U.S. debt is so massive, interest costs alone are now $3 billion a day
?w=2048
“If the Fed cuts interest rates by 1%-point and the entire yield curve declines by 1%-point, then daily interest expenses will decline from $3 billion per day to $2.5 billion per day.”
https://fortune.com/2024/09/07/us-debt-crisis-daily-interest-expense-3-billion-fed-rate-cuts/
Ryanair boss Michael O’Leary tells air traffic control chief to quit to ‘allow someone competent’ to take charge after London flight chaos
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O'Leary blasted Nats chief Martin Rolfe after London Gatwick airport was hit with hundreds of delays on Sunday.
Get ready for a massive stock market rally, if history is any guide
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According to Bespoke Investment Group, October has historically been the month the biggest stock market surges have begun.
https://fortune.com/2024/09/08/stock-market-outlook-massive-rally-october-history-rebound-selloff/
Swedish battery maker Northvolt blames ‘challenging’ market for fresh workforce job cuts
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Northvolt is putting its primary factory in Sweden into "care and maintenance until further notice".
https://fortune.com/europe/2024/09/09/northvolt-battery-maker-job-cuts/
Compare mortgage rates today
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Keeping an eye on mortgage rates as you plan to buy your first home, upgrade or downgrade the size of your house, or refinance? Here are the current average mortgage rates—as well as everything you need to know about how mortgages work.
https://fortune.com/recommends/mortgages/current-mortgage-rates/
Santander boasted ‘flexibility is here to stay,’ then ramped up its RTO mandate—lumping its U.K. CEO with a 160-mile commute
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Santander's U.K. boss Mike Regnier travels about 160 miles to the office on select days as five in-person days were not "vital," he said earlier this year.
https://fortune.com/europe/2024/09/09/santander-flexibility-rto-mandate-office-u-k/
Biden-Harris administration moves to make mental-health care more accessible
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Rules announced Monday aim to get more therapy covered by insurance.
https://fortune.com/well/2024/09/09/biden-harris-administration-mental-health-care-more-accessible/
The best 10-year CD rates: which one to choose?
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A 10-year CD is a long-term commitment, but locking in a high APY can lead to a big payoff. Here are the top rates this month.
https://fortune.com/recommends/banking/best-10-year-cd-rates/
Mondays in the office are making a comeback, report says
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In-office attendance on a Monday has reached 58% of pre-pandemic levels.
https://fortune.com/2024/09/09/mondays-office-making-comeback-report-bevi-wfh-remote-hybrid/
Santander boasted ‘flexibility is here to stay,’ then ramped up its RTO mandate—lumping its U.K. CEO with a 160-mile commute
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Santander's U.K. boss Mike Regnier travels about 160 miles to the office on select days as five in-person days were not "vital," he said earlier this year.
https://fortune.com/europe/2024/09/09/santander-flexibility-rto-mandate-office-u-k/