Kamala Harris is closing in on the perfect economic message—but the left’s price-gouging exaggerations could undermine it
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Harris, unlike some of her supporters, does not assert that universal market failure driven by excessive profit-taking is the cause of inflation.
https://fortune.com/2024/09/30/kamala-harris-economic-message-price-gouging-inflation-politics/
Angry Amazon employees are ‘rage applying’ for new jobs after Andy Jassy’s RTO mandate: ‘I will not go back’
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Amazon told employees they were required to return to office five days a week.
https://fortune.com/2024/09/29/amazon-employees-angry-andy-jassy-rto-mandate/
DirecTV is buying rival Dish to create a pay-TV giant—over 20 years after it first tried
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The two almost merged more than two decades ago — but the Federal Communications Commission blocked their owners’ then-$18.5 billion deal, citing antitrust concerns.
https://fortune.com/2024/09/30/directv-buying-rival-dish-pay-tv-giant/
AT&T is selling its majority DirecTV stake to private equity firm TPG Partners for $7.6 billion
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The move ends the communication giant's remaining ties to the entertainment industry.
Wizz Air CEO says passengers will ‘suffer the pain’ of 8-hour flights as budget airline introduces long-haul routes
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Wizz Air, which received one star for seat comfort, thinks passengers will bear the pain of new long-haul flights.
Bernard Arnault leapfrogs Mark Zuckerberg on wealth rankings with $30 billion boost, but analysts warn it may be short lived
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"'Quiet luxury' has supported average selling price at the expense of volumes," Bank of America analysts wrote. "The industry needs to pivot back to creativity."
https://fortune.com/europe/2024/09/30/bernard-arnault-mark-zuckerberg-wealth-lvmh-luxury-industry/
China’s beleaguered real estate shares jump almost 10% after Beijing makes its ‘strongest housing pledge to date’
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Investors gave China's stock markets their best week in years after Beijing promised more stimulus measures to support the economy.
Rightmove calls for ‘best and final’ offer after rejecting third Murdoch bid of £6.2 billion
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After Rightmove's latest rejection, Rupert Murdoch's REA faces a U.K. takeover deadline later today.
https://fortune.com/europe/2024/09/30/rightmove-rejecting-third-rupert-murdoch-bid-6-2-billion/
Fortnite-maker Epic Games is suing Google and Samsung, accusing them of colluding to keep its app store out
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Epic said that in July 2024, Samsung changed Auto Blocker from an "opt-in" feature to the default setting, forcing users to navigate a cumbersome 21-step process to download apps from third-party stores or the web.
https://fortune.com/2024/09/30/fortnite-maker-epic-games-suing-google-samsung-colluding-app-store/
California governor signs 2 bills to protect children from AI-generated deepfake sexual images
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Current law does not allow district attorneys to go after people who possess or distribute AI-generated child sexual abuse images if they cannot prove the materials are depicting a real person.
How Medicare Advantage insurers gain influence—and keep billions of dollars in overcharges
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New court filings and lobbying reports reveal an industry drive to tamp down critics — and retain billions of dollars in overcharges.
https://fortune.com/2024/09/30/medicare-advantage-insurers-overcharges-lobbying-regulation/
Europe’s biggest automaker is in decline. Volkswagen issues second profit warning due to weak demand and fading relevance in China
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The German manufacturer slashed expectations for revenue, profit and cash flow due to waning demand for its cars.
https://fortune.com/europe/2024/09/30/volkswagen-second-profit-warning/
Fury in Portugal as thousands protest ‘illegal and uncontrolled’ immigration
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The number of foreigners living in Portugal jumped by 33.6 percent last year to reach more than one million, about one-tenth of the total population.
https://fortune.com/europe/2024/09/30/portugal-thousands-protest-illegal-uncontrolled-immigration/
OpenAI sees $5 billion loss in 2024 and soaring sales as big ChatGPT fee hikes planned, report says
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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.
Why Tesla is right to give Musk a $56 billion pay package
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The package looks quite reasonable based on Musk meeting a series of extraordinary growth targets.
https://fortune.com/2024/09/27/musk-tesla-56-billion-compensation/
From bootstrapped to billions: How Nord spent ‘hundreds of millions’ getting customers to use controversial VPNs, and became Lithuania’s tech darling
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Nord has seen remarkable growth offering a niche, sometimes controversial service—VPN. It has big ambitions for a future, which may or may not need an IPO.
https://fortune.com/europe/2024/09/30/nord-vpn-security-millions-customers-lithuania/
NASA says it’s a long way from ‘writing off Boeing’ as stranded astronauts welcome SpaceX capsule
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Starliner inspections are underway at NASA’s Kennedy Space Center, with post-flight reviews of data set to begin this week.
https://fortune.com/2024/09/29/nasa-stranded-astronauts-boeing-starliner-spacex-dragon-rescue/
Austria’s far right heads for first national election win since end of World War II
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But to become Austria’s new leader, Herbert Kickl needs a coalition partner to command a majority. Rivals have said they won’t ally with him.
https://fortune.com/2024/09/29/austria-far-right-freedom-party-parliamentary-election-herbert-kickl/
These 7 high-ranking Hezbollah officials were killed in the past week
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The recent strikes in Lebanon and the assassination of Nasrallah are a significant escalation in the war in the Middle East, this time between Israel and Hezbollah.
Donald Trump adds Kamala Harris to list of political enemies he wants prosecuted
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With just over a month until the election, Trump is intensifying his use of personal and offensive attacks.