Russia is about to face the moment of truth on an economic lifeline from China
?w=2048
"An abrupt shortage of yuan or a complete refusal to accept payments from Russia by Chinese banks is possible."
Mark Spitznagel warns we’re in ‘black swan’ territory now, and diversified portfolios are a ‘big lie’
?w=2048
The hedge fund veteran said the market will continue to see "pure euphoria" in the short term, but will exit the Goldilocks zone toward the end of the year.
Mark Spitznagel warns we’re in ‘black swan’ territory now, and diversified portfolios are a ‘big lie’
?w=2048
The hedge fund veteran said the market will continue to see "pure euphoria" in the short term, but will exit the Goldilocks zone toward the end of the year.
FTC Chair Lina Khan sees parallels in Kamala Harris’s record and the regulator’s work
?w=2048
"If you’re not enforcing antitrust, you’re allowing decades of consolidation that can create inflationary spikes more readily, because your system as a whole is less resilient to that disruption."
Total damages and economic loss from Hurricane Helene could reach $110 billion
?w=2048
Cleanup continued Sunday from a tempest that killed at least 64 people, caused widespread destruction across the southeastern states, and knocked out power to several million people.
https://fortune.com/2024/09/29/hurricane-helene-total-damage-economic-impact-estimate-110-billion/
Bitcoin soars past $66,000 as August inflation rate comes in lower-than-expected
?w=2048
Massive inflows to Bitcoin ETFs and China’s recent changes to economic policy.
The vice presidential debate matters more than you think
?w=2048
Vice presidential historian Joel K. Goldstein said two recent assassination attempts against Trump raise "the saliency of succession.”
A prolonged dockworkers’ strike could mean products miss peak holiday shopping season
?w=2048
A strike could shut down 36 ports from Maine to Texas that handle about half the goods shipped into and out of the United States.
Samuel Adams’ founder carried a briefcase full of beer to business meetings before launching his $3 billion empire
?w=2048
Jim Koch is a sixth-generation brewmaster who quit a six-figure consulting job to launch a business.
Many Gen Xers demand menopause hormone drugs, and they won’t take no for an answer
?w=2048
Women who want hormone therapy often encounter doctors who don't want to prescribe it.
https://fortune.com/well/article/menopause-hormone-therapy-gen-x/
Volkswagen cuts forecasts again as demand wanes while EV competition ramps up
?w=2048
The automaker trimmed its operating margin, global deliveries, and automotive cash flow guidance.
https://fortune.com/2024/09/28/volkswagen-forecasts-warning-weak-demand-china-economy-ev-rivals/
California’s governor vetoes bill requiring new cars to beep at speeding drivers
?w=2048
California would have become the first to require such systems for all new cars, trucks and buses sold in the state starting in 2030.
https://fortune.com/2024/09/28/californias-governor-veto-bill-speeding-alert-requirement-new-cars/
Talks between Boeing and machinists break off with strike in its 3rd week
?w=2048
The strike is in its third week, and negotiations also stalled earlier in the walkout, halting production of Boeing's best-selling airplanes.
https://fortune.com/2024/09/28/boeing-strike-talks-break-off-machinists-union-iam-final-offer/
SpaceX launches rescue mission for astronauts stuck on ISS due to Boeing capsule’s glitches
?w=2048
The capsule rocketed into orbit to fetch the test pilots whose Boeing spacecraft returned to Earth empty earlier this month because of safety concerns.
Mark Cuban warns the U.S. must win the AI race ‘or we lose everything’
?w=2048
"Our military dominance, our place in the world depends on our ability to invest in AI. Period. End of story."
Netflix’s Ted Sarandos shares how a video store job helped launch his career—and this lesson from Tony Bennett
?w=2048
"It was an MBA course and film school all wrapped up into one for me," he said.
Electric vehicles don’t need to sound like the future—even if they are the future
?w=2048
When EVs sound like UFOs, we all lose. And the stakes are higher than most people realize.
OpenAI sees $5 billion loss in 2024 and soaring sales as big ChapGPT fee hikes planned, report says
?w=2048
According to documents seen by the New York Times, OpenAI expects revenue of $3.7 billion in 2024, $11.6 billion in 2025, and $100 billion in 2029.
Medicare Advantage shopping tips: Avoid this enrollment mistake
?w=2048
People eligible for the federal government’s Medicare program will have from Oct. 15 to Dec. 7 to sign up for 2025 Medicare Advantage plans.
https://fortune.com/2024/09/28/medicare-advantage-shopping-tips-advice-2025-enrollment-mistake/
China taps into AI to ramp up fake-news campaign amid U.S. election
?w=2048
When cybersecurity firm Logically looked at content specifically about the U.S. election, 20% could be traced back to Chinese or Russian state media.
https://fortune.com/2024/09/28/china-ai-fake-news-campaign-beijing-russia-propaganda-us-election/