Nvidia CEO Jensen Huang says AI chip shortage is making his customers tense and emotional
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With the competitiveness of AI models depending on the steady supply of Nvidia training chips, each delivery represents an advantage over rivals.
European video gaming majors Supercell and Ubisoft accused of designing games that ‘trick’ gamers into spending more money
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The world of video games “shouldn’t be a place where companies bend the rules to increase profits,” said the director of a consumer group.
JPMorgan just capped junior bankers’ hours—at 80 per week
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JPMorgan and Bank of America are cracking down on the industry’s infamous always-on culture.
https://fortune.com/2024/09/12/jpmorgan-cap-junior-bankers-hours/
Kamala Harris’s endorsements show Republicans may be paying the price for their newfound anti-business rhetoric
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Anti-business rhetoric erodes a traditional area of Republican advantage.
Brian Moynihan isn’t pressing Warren Buffett on why he’s selling Bank of America shares
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"I don't know what exactly he's doing because, frankly, we can't ask and we wouldn't ask."
https://fortune.com/2024/09/12/brian-moynihan-warren-buffett-bank-of-america-share-sales/
China tells EV makers to keep tech at home by producing key parts domestically before exporting them for assembly
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The instructions come as companies from BYD to Chery Automobile firm up plans to build factories in Spain to Thailand and Hungary.
https://fortune.com/asia/2024/09/12/china-ev-makers-keep-tech-home-producing-key-parts-domestically/
Why a Roth IRA is the ‘holy grail’ retirement account—no matter your income
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"It’s the best possible retirement account anyone could own."
https://fortune.com/2024/09/12/roth-ira-holy-grail-retirement-account/
Roche stock is falling after report its Wegovy challenger is causing patients to vomit
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Positive results in the early stages of Roche's weight-loss pill development had given investors hope it could quickly catch up with rivals Novo Nordisk and Eli Lilly.
https://fortune.com/europe/2024/09/12/roche-stock-falling-after-report-causing-patients-vomit/
Colorado home of National Mining Museum dubious about plan to ‘remine’ gold from local mine waste
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The waste would be trucked to a nearby mill, crushed to powder and bathed in cyanide to extract trace amounts of precious metals.
This 48-year-old CEO wakes up at 4:15 a.m. for a daily workout and meditation routine. Here’s why he credits it for his success
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“I don't know how you could ever run a wellness brand without pursuing wellness every day.”
https://fortune.com/well/article/ceo-pressed-juicery-morning-routine/
Utah social media law aimed at protecting children is blocked by federal judge
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The law would have required social media companies to verify the ages of their users, apply privacy settings and limit some features on those accounts.
https://fortune.com/2024/09/12/utah-social-media-law-blocked-federal-judge/
New Boeing CEO makes last ditch appeal to stop strike as workers vote on unloved contract with 25% pay raise
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Although the bargaining committee that negotiated the contract recommended ratification, IAM District 751 President Jon Holden predicted earlier this week that workers would vote to strike.
https://fortune.com/2024/09/12/new-boeing-ceo-strike-workers-vote-unloved-contract-25-pay-raise/
South Carolina parents can’t spend public money on private schools anymore
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South Carolina's law allowing parents to spend taxpayer money on private schools violates the constitution, the state's highest court ruled.
Gen Z’s new TikTok news habit widens the generational gap with TV-loving boomers
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TikTok has been “growing in popularity as a source of news” with about 11% of U.K. adults—up from just 1% in 2020, an Ofcom report found.
https://fortune.com/europe/2024/09/12/gen-z-tiktok-instagram-news-generational-divide-ofcom/
Gen Z’s new TikTok news habit widens the generational gap with TV-loving boomers
?w=2048
TikTok has been “growing in popularity as a source of news” with about 11% of U.K. adults—up from just 1% in 2020, an Ofcom report found.
https://fortune.com/europe/2024/09/12/gen-z-tiktok-instagram-news-generational-divide-ofcom/
Gen Z’s new TikTok news habit widens the generational gap with TV-loving boomers
?w=2048
TikTok has been “growing in popularity as a source of news” with about 11% of U.K. adults—up from just 1% in 2020, an Ofcom report found.
https://fortune.com/europe/2024/09/12/gen-z-tiktok-instagram-news-generational-divide-ofcom/
Norfolk Southern fires CEO over inappropriate workplace relationship
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Shaw was terminated for cause, effective immediately, after the railroad found he violated company policies.
https://fortune.com/2024/09/11/norfolk-southern-fires-ceo-over-inappropriate-workplace-relationship/
Forget polls, the stock market is the most accurate predictor of presidential elections
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Another key indicator is the Misery Index. And right now it’s leaning slightly in Harris’s favor.
GOP strategist says Trump’s false pet-eating claims at debate only hurt him
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“At best, it’s a distraction,” GOP strategist to Conant said. “At worst, it reminds people of the all the craziness that comes with Trump.”
https://fortune.com/2024/09/11/gop-strategist-trumps-false-pet-eating-claims-debate-hurt/
Sanders vows contempt if CEO refuses to answer on getting ‘fabulously wealthy’ while hospitals went bankrupt
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“[H]e doesn’t want to explain to the American people how horrific his greed has become," Sanders said. “Tell me about your yacht."