Nike welcomes boomerang CEO with $27 million payday
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Veteran executive Elliott Hill retired from the retailer in 2020—and he’s back.
https://fortune.com/2024/09/19/nike-new-ceo-millions-payday-jordan/
U.S. ranks worst in health care survey of 10 high-income countries—despite spending the most
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The U.S. came in last in three of five categories—equity, health outcomes, and access to care—in addition to having the poorest overall ranking.
https://fortune.com/well/article/us-health-care-system-ranks-worst-commonwealth-fund-survey/
2024 real estate school review: AceableAgent
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AceableAgent's real estate agent training is the "best overall" according to Fortune's ranking.
https://fortune.com/education/articles/real-estate-school-review-aceableagent/
Affirm CEO says more retailers want buy now, pay later options as holidays approach
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“They’re buying, and they’re paying their bills with Affirm – that seems to be going well.”
https://fortune.com/2024/09/19/affirm-ceo-retailers-buy-now-pay-later-holida-shopping/
Jerome Powell says the Fed can cut rates but it can’t fix the housing crisis
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“This is not something that the Fed can really fix,” he said after delivering a historic rate cut.
https://fortune.com/2024/09/19/jerome-powell-fed-cant-fix-housing-crisis-mortgage-rates/
A juicy rate cut and new evidence of a surprisingly resilient economy, Yardeni Research calls it ‘nirvana’
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“The Fed is cutting into one of the stronger economies we've seen in years," Yardeni Reseach's Eric Wallerstein told Fortune.
https://fortune.com/2024/09/19/nirvana-markets-fed-rate-cut-jobless-claims-wages-manufacturing/
Jerome Powell says the Fed can cut rates but it can’t fix the housing crisis
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“This is not something that the Fed can really fix,” he said after delivering a historic rate cut.
https://fortune.com/2024/09/19/jerome-powell-fed-cant-fix-housing-crisis-mortgage-rates/
Sam Altman tells high schoolers dropping out of college wasn’t a big deal
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Altman dropped out from Stanford at 19, but always felt that if the risk didn’t pay off he could “undo it” and go back to college.
https://fortune.com/2024/09/19/sam-altman-stanford-dropout-loopt-risks-advice/
As Tesla’s European sales plummet 36% in August, automakers warn EV market now on ‘continual downward trajectory’
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The good news for Tesla is for once it didn't perform any worse than overall EV demand in Europe in August. The bad news is the market collapsed last month.
https://fortune.com/2024/09/19/elon-musk-tesla-cars-sales-demand-europe-china/
Sam Altman tells high schoolers dropping out of college wasn’t a big deal
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Altman dropped out from Stanford at 19, but always felt that if the risk didn’t pay off he could “undo it” and go back to college.
https://fortune.com/2024/09/19/sam-altman-stanford-dropout-loopt-risks-advice/
Mortgage rates hit lowest level since Feb 2023
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The average for a 30-year, fixed loan was 6.09%, down from 6.2% last week, Freddie Mac said in a statement Thursday.
https://fortune.com/2024/09/19/mortgage-rates-lowest-level-feb-2023/
AI development is being hijacked by Big Tech and rich nations, UN report warns
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The UN's High-Level Advisory Body on AI has issued recommendations to remedy the clear disadvantage startups and developing nations are facing.
Steward Health Care CEO held in criminal contempt by Sanders Senate committee
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The resolutions now go to the Senate for consideration.
Jubilation sweeps global markets, Wall Street roars after interest rate relief
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Lower interest rates help financial markets in two big ways.
https://fortune.com/2024/09/19/wall-street-jubilation-fed-interest-rate-cut/
Supply chain mystery surrounds how Hezbollah’s pagers and walkie-talkies were turned into miniature bombs
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Three firms are implicated in the attacks crippling Hezbollah, but no one claims to have made the deadly devices themselves.
https://fortune.com/2024/09/19/hezbollah-pagers-gold-apollo-bombs-israel/
Every single member of the board just resigned from DNA tester 23andMe
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CEO Anne Wojcicki said the mass exodus left her "surprised and disappointed."
https://fortune.com/2024/09/18/23andme-board-resigns-anne-wojcicki/
Andreessen Horowitz founders endorse Trump: ‘The future of our business…is literally at stake’
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Marc Andreessen and Ben Horowitz fear an anti-capitalist wing of Biden's party threatens to wipe out innovative startups that fuel America's economic growth.
Every single independent member of the board just resigned from DNA tester 23andMe
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CEO Anne Wojcicki said the mass exodus left her "surprised and disappointed."
https://fortune.com/2024/09/18/23andme-board-resigns-anne-wojcicki/
10 cash advance apps that can help when you need money fast
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A cash advance app can provide a quick cash injection. Here's what you need to know about fees, repayment terms, and more.
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/