You can now legally bet on the 2024 congressional elections
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The ruling by U.S. District Court Judge Jia Cobb in Washington permitted the only legally sanctioned bets on U.S. elections by an American jurisdiction.
https://fortune.com/2024/09/12/betting-elections-legal-united-states-2024-congressional-race/
OpenAI’s new AI model can perform some human-like reasoning tasks including solving complicated math problems
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OpenAI's new model, called o1, but known internally as “Strawberry,” comes as the company seeks billions in new funding.
https://fortune.com/2024/09/12/openai-new-ai-model-strawberry-o1-chatgpt/
OnlyFans reveals record-breaking revenue, raking in $6.6 billion last year
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Adult-friendly website sustains the pandemic and continues to thrive
https://fortune.com/2024/09/12/onlyfans-reveals-record-breaking-revenue-6-6-billion-2023/
AI could soon help decide whether you get unemployment benefits
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System will analyze transcripts and issue recommendations to humans.
https://fortune.com/2024/09/12/nevada-google-ai-unemployment-benefits/
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/
Amex Delta credit cards raise welcome bonus on all cards, earn up to 110,000 SkyMiles
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Big changes coming to the Delta Amex suite of credit cards. Here's what you need to know.
https://fortune.com/recommends/credit-cards/delta-amex-credit-card-changes/
Microsoft lays off another 650 in gaming division, bringing the total to 2,550
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Move continues cuts since acquisition of Activision Blizzard.
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/
SEC signals Ethereum is not a security in settlement with eToro
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The Gensler-led agency is allowing eToro to continue trading services for Ether, along with Bitcoin and Bitcoin Cash.
https://fortune.com/crypto/2024/09/12/etoro-sec-gensler-ethereum-bitcoin-crypto-lawsuit/
Verizon to lay off 5,000 employees in $2 billion cost-cutting move
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Over half of the employees concerned will exit in September and the rest by the end of March, according to the statement.
https://fortune.com/2024/09/12/verizon-lay-off-5000-employees-2-billion-cost-cutting/
Best real estate schools for 2024
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Fortune analyzed over two dozen programs and listed our top 10 picks.
https://fortune.com/education/articles/best-real-estate-schools/
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.
Nevada reportedly plans to use Google’s AI to determine if unemployed workers get benefits
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System will analyze transcripts and issue recommendations to humans.
https://fortune.com/2024/09/12/nevada-google-ai-unemployment-benefits/
Christine Lagarde admits predecessor Mario Draghi’s verdict on EU’s falling competitiveness is ‘severe’ but ‘just,’ as ECB cuts rates a second time
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Inflation rates have been falling back in recent times, and are now only a whisker off the ECB's two-percent target.
https://fortune.com/europe/2024/09/12/lagarde-mario-draghi-verdict-ecb-cuts-rates/
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.
This 48-year-old CEO wakes up at 4:15 a.m. to work out and meditate. Here’s his daily routine
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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/
Fortune ranked the best MBA programs for 2025: here’s what the data shows
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Harvard, Chicago Booth, and Northwestern Kellogg top Fortune’s 2025 MBA ranking, but the data highlights programs you might want to consider.
https://fortune.com/education/articles/best-mba-programs-news-analysis/
Manchester United spent up to £47.8 million on a Sir Jim Ratcliffe-commissioned strategic review after billionaire lays off hundreds of staff
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Manchester United laid off 250 employees and vowed to cut costs as football club posts £113.2 million loss.
Manchester United spent up to £47.8 million on a Sir Jim Ratcliffe-commissioned strategic review after billionaire lays off hundreds of staff
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Manchester United laid off 250 employees and vowed to cut costs as football club posts £113.2 million loss.
American companies in China report record-low profits
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Out of 306 companies polled, a record-low 66% were profitable in 2023, according to the China business report published by the American Chamber of Commerce in Shanghai.
https://fortune.com/asia/2024/09/12/american-companies-china-report-record-low-profits/