Japan’s Nippon Steel gets 3 month reprieve as Washington pushes review of U.S. Steel bid past the election
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President Joe Biden, Democratic nominee Kamala Harris and Republican nominee Donald Trump all oppose Nippon Steel's $14.9 billion takeover bid for U.S. Steel.
Ken Ohashi: From bankruptcy to billion dollar boom at Brooks Brothers
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Brooks Brother's Ohashi does not shy away from being one of the few openly-out CEOs on the Fortune 500.
https://fortune.com/europe/2024/09/18/ken-ohashi-brooks-brothers/
Europeans are falling behind when it comes to creating wealth—but there are a handful of places defying the trend
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This centimillionaire group has exploded by over 50% in the last 10 years, with nearly 30,000 individuals striding into the ultra-rich club.
Top chief investment officer shares tips and predictions ahead of Fed rate cuts
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“I think underlying economic conditions will be much more important to financial markets than the Fed's tactics at a particular moment,” Citi Wealth's CIO said.
No one cares if you roll in on time anymore, but here are the behaviors co-workers do mind
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Depending on sector, emphasis on punctuality has waned as remote work has thrived
Experts explain how hundreds of pagers exploded at once in Lebanon and Syria
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Experts think it took anywhere between several months to two years to plan this attack.
https://fortune.com/2024/09/17/explaining-hezbollah-pager-explosions-experts-science-lebanon-syria/
OceanGate employee who warned of Titan safety issues testifies disaster was preventable
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“The whole idea behind the company was to make money,” Lochridge said. “There was very little in the way of science.”
https://fortune.com/2024/09/17/oceangate-titan-sub-testimony-disaster-preventable/
Almost a century after Virginia Woolf’s ‘A Room of One’s Own’ essay, women are driving the housing market
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Woolf would be pleasantly surprised that today, women having a whole house of their own is not only commonplace but a key driver of the housing market.
https://fortune.com/2024/09/17/century-virginia-woolf-room-own-women-driving-housing-market-finance/
Steve Cohen steps away from trading floor after more than 3 decades
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The billionaire hedge fund founder remains Point72 Asset Management’s co-chief investment officer.
https://fortune.com/2024/09/17/steve-cohen-hedge-fund-manager-point72-steps-away-trading/
Michael Jordan finds buyer for Chicago mansion on market since 2012
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It was originally listed in 2012 with a price tag of $29 million, or $887 a square foot.
https://fortune.com/2024/09/17/michael-jordan-finds-buyer-chicago-mansion-market-2012/
Lazard CEO says young bankers want important work if the trade-off is longer hours
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The opportunity to go as far as you can as fast as you can was, to many, more alluring than a 9-5 office job full of boring busy work, Peter Orszag says.
https://fortune.com/2024/09/17/wall-street-office-work-culture-80-hour-week-lazard-bank-ceo/
How to buy a house with bad credit
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Lenders typically want homebuyers to have a FICO Score of at least 620, but it may still be possible to get a mortgage if your score is 500 or higher.
https://fortune.com/recommends/mortgages/buy-a-house-with-bad-credit/
Lazard CEO says young bankers don’t want 80-hour weeks but they do want important work
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The opportunity to go as far as you can as fast as you can was, to many, more alluring than a 9-5 office job full of boring busy work, Peter Orszag says.
https://fortune.com/2024/09/17/wall-street-office-work-culture-80-hour-week-lazard-bank-ceo/
Musk slams FAA fine on SpaceX, threatens to sue for ‘regulatory overreach’
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In a post Tuesday on his X social media platform, Musk described the FAA’s announcement as, “More lawfare.”
https://fortune.com/2024/09/17/elon-musk-faa-fine-spacex-lawsuit-sue-regulatory-overreach/
Bill Gates says Ukraine war has overshadowed issues in ‘poorest countries’
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The Microsoft founder said: “There’s less money going to Africa at a time when they need it.”
https://fortune.com/2024/09/17/bill-gates-africa-aid-rich-countries/
Microsoft traces fake Kamala Harris hit-and-run video back to Russian troll farm
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A new Microsoft threat intelligence report confirms viral Harris disinformation was spread from a Russia-linked troll farm.
https://fortune.com/2024/09/17/microsoft-fake-kamala-run-video-russian-troll-farm/
I resigned from my dream job at Microsoft over its role in fossil fuel expansion
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A look behind Microsoft’s green curtain reveals billions of dollars in deals with the fossil fuel industry.
https://fortune.com/2024/09/17/microsoft-environment-oil-fossil-fuel-expansion-climate-change/
Citi Wealth chief investment strategist shares predictions ahead of Fed rate cuts
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“I think underlying economic conditions will be much more important to financial markets than the Fed's tactics at a particular moment,” Citi Wealth's CIO said.
I resigned from my dream job at Microsoft over its role in fossil fuel expansion
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A look behind Microsoft’s green curtain reveals billions of dollars in deals with the fossil fuel industry.
https://fortune.com/2024/09/17/microsoft-environment-oil-fossil-fuel-expansion-climate-change/
‘A death spiral of its own making’: Boeing halts hiring, raises, and non-essential travel after thousands of workers walk off the job
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No word on whether that means the CEO's private jet is still allowed.
https://fortune.com/2024/09/17/boeing-hiring-raises-travel-freeze-death-spiral/