Stocks rebound in Europe and Japan as China takes a holiday following record week
https://fortune.com/img-assets/wp-content/uploads/2024/10/Screenshot-2024-10-01-at-10.58.48 AM.png?w=2048
China's markets closed for Golden Week holidays. Markets in Japan and Europe picked up the slack though, notching modest gains.
https://fortune.com/2024/10/01/premarket-stock-futures-dow-sp500-nasdaq-6/
Millionaire parents are taking their lazy and disinterested Gen Z kids to bespoke conventions to prepare them for the $90 trillion Great Wealth Transfer
?w=2048
Founders are scared their kids are too lazy or lack the skills to take over their businesses, so they’re trying to get them ready.
Pasta Evangelists’ millennial co-founder has travelled to 68 countries—Lebanon and Syria are next on his list
?w=2048
“I am the first to admit that, after a long and stressful day, I like to unwind with a drink. I could pretend I attend yoga or mindfulness sessions.”
https://fortune.com/europe/2024/10/01/pasta-evangelists-millennial-co-founder-the-good-life/
A 3-year luxury cruise sets sail after delays in Titanic’s shipyard where ‘everything went wrong’
?w=2048
After four months of delays in Belfast, passengers celebrate as the Odyssey finally sets sail.
https://fortune.com/europe/2024/10/01/3-year-luxury-cruise-sets-sail-belfast/
U.S. economy could lose $4.5 billion a day as ports hit with biggest dockworkers strike since 1977
?w=2048
J.P. Morgan estimated that a strike that shuts down East and Gulf coast ports could cost the economy $3.8 billion to $4.5 billion per day, with some of that recovered over time after normal operations resume.
https://fortune.com/2024/10/01/us-economy-lose-billion-day-ports-hit-dockworkers-strike-1977/
This jobseeker made a ‘Desperate’ LinkedIn banner to counter taboo of the ‘Open to work’ flag
?w=2048
"If I sit there and pretend that everything is fine, how is anyone going to know that I need a job or some freelance work? People aren't psychic."
https://fortune.com/2024/09/28/desperate-banner-linkedin-jobseeker-career-search/
Japan’s new train-loving prime minister wants a higher corporate tax rate, more AI investment, and a review of long working hours
?w=2048
Shigeru Ishiba hopes an increase in the corporate tax rate can allow Japan to raise defense spending to 2% of GDP, the NATO standard.
https://fortune.com/asia/2024/10/01/shigeru-ishiba-japan-new-prime-minister-policy-platform/
How a Japanese population crisis has quietly made Asahi one of Europe’s biggest beer makers
?w=2048
Asahi Super Dry and Peroni Nastro Azzurro have made the Japanese brewer a giant in the European beer market.
https://fortune.com/europe/2024/10/01/asahi-europe-sales-japanese-population-crisis-beer/
Lawsuit accuses YouTube of harming youth mental health
?w=2048
Alphabet's Google, which is also named as a defendant in the case, denied the lawsuit's claims.
https://fortune.com/2024/09/30/lawsuit-youtube-google-alphabet-arkansas-mental-health/
BlackRock exec says new Ethereum ETF faces ‘narrative’ challenge
?w=2048
Robert Mitchnick says BlackRock plans to educate clients on the benefits of Ethereum ETFs
Mark Zuckerberg loses spot as world’s 3rd richest person to LVMH’s Bernard Arnault
?w=2048
"'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/
New study debunks employers’ RTO argument that remote work entrenches inequality
?w=2048
A new equilibrium in the hybrid work space means in-office workers are getting pay bumps while remote workers enjoyed other benefits.
https://fortune.com/europe/2024/09/30/hybrid-work-boosts-pay-debunking-employer-myth-inequality/
Steward Health CEO sues over Senate resolution holding him in contempt
?w=2048
The lawsuit claims that the lawmakers are unlawfully violating de la Torre's constitutional rights.
https://fortune.com/2024/09/30/steward-health-ceo-sues-senate-contempt-bernie-sanders/
Gen Alpha is stealing zipper pulls from Nike backpacks to resell them to victims at hiked-up prices
?w=2048
The iPad kid generation has targeted Nike Elite as its latest brand obsession.
https://fortune.com/2024/09/27/gen-alpha-steal-nike-elite-backpack-zipper-school-tiktok-trend/
More than 40 trillion gallons of rain flooded the South over the past week
?w=2048
“It was not just a perfect storm, but it was a combination of multiple storms that that led to the enormous amount of rain.”
https://fortune.com/2024/09/30/us-floods-40-trillion-gallons-rain-hurricane-helene-perfect-storms/
Getting enough sleep but still exhausted? These 7 types of rest can help
?w=2048
There’s more to rest than just sleep.
https://fortune.com/well/article/types-of-rest-sleep-burnout/
Getting enough sleep but still exhausted? These 7 types of rest can help
?w=2048
There’s more to rest than just sleep.
https://fortune.com/well/article/types-of-rest-sleep-burnout/
Trump tariffs would mean up to 70,000 fewer jobs get created each month, Morgan Stanley says
?w=2048
The tariffs would also slow GDP growth by 1.4 percentage points and boost inflation by 0.9 percentage point, Morgan Stanley economists wrote in a note Monday..
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.
GM’s Cruise hit with fine and consent order for crash that led to suspension of driverless rides
?w=2048
General Motors’ Cruise autonomous vehicle division will pay a $1.5 million penalty after the unit failed to fully report a crash involving a pedestrian.
https://fortune.com/2024/09/30/gm-cruise-self-driving-car-crash-nhtsa-fine-conset-order/