More rich people are using ‘secret’ trusts and LLCs to hide money from their spouses
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Secret trusts and LLCs are increasingly common ways wealthy people are shielding assets in divorce.
https://fortune.com/2024/10/08/ultra-rich-secret-trusts-llcs-hide-money-from-spouses/
The curious case of employees who earn more than their bosses
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Workers with highly-specialized and valuable skills can bring in bigger paychecks than their managers.
https://fortune.com/2024/10/08/employees-earning-more-than-bosses-specialized-skills-valuable/
Sequoia’s Alfred Lin on the art and math of spotting outliers
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Alfred Lin, who just celebrated his 14th year at Sequoia Capital, talks about the frameworks he uses to identify outlier startup founders.
https://fortune.com/2024/10/08/sequoias-alfred-lin-on-the-art-and-math-of-spotting-outliers/
Why Intel is late to the AI game
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CEO Pat Gelsinger is racing to reposition the company.
https://fortune.com/2024/10/08/why-intel-is-late-to-the-ai-game/
Smile like you mean it
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Epic bests Google, unlikely AI boomtown, policing face recognition, Russia TV hacked, Samsung chips. Plus: ‘Scale insurgent’ unicorns.
A London airport built to serve corporate jet-setters is having an identity crisis as WFH slashes business travel
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“It’s becoming quite difficult to work out who is a business traveler," London City Airport CEO Alison FitzGerald said.
China shares popped, fizzled and climbed again in first trading day after a weeklong break
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Investors may have been dismayed by the lack of stimulus announced at a press conference held by China's economic planning board.
Why it’s significant that Kamala Harris appeared on the ‘Call Her Daddy’ podcast
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The 2024 Presidential Election cycle is ruled by interviews from podcasts and social media influencers.
https://fortune.com/2024/10/08/kamala-harris-call-her-daddy-podcast-donald-trump/
China markets start like a lion and end like a lamb after Beijing stimulus comes up short
https://fortune.com/img-assets/wp-content/uploads/2024/10/Screenshot-2024-10-08-at-11.10.22 AM.png?w=2048
Shares in mainland China soared at the opening, as markets reopened after the Golden Week holidays. But they slid back as the stimulus plans provided by China's economic planning agency seemed to underwhelm investors.
https://fortune.com/2024/10/08/premarket-stock-futures-dow-sp500-nasdaq-11/
Hybrid workers in the U.K. are dining out more on Sundays, and it’s making bosses nervous
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Workers are indulging themselves on Sundays in anticipation of a slow start to the week, but bosses are cracking down.
German industrial production rebounds on volatile car output
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Output grew 2.9% from the previous month, beating most estimates, as the automotive industry grew output.
https://fortune.com/europe/2024/10/08/german-industrial-production-rebounds-on-volatile-car-output/
Creating economic engines in polarised times
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Also: Goldman increases its target for the S&P 500, Starboard Value now holds $1 billion in Pfizer, the Fortune 2024 Most Powerful Women Asia list.
https://fortune.com/2024/10/08/sheila-johnson-creating-economic-engines-in-polarised-times/
Equinor acquires $2.5 billion stake in Danish wind giant Orsted
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Pairing one of the Nordic region’s biggest fossil fuel companies with its largest renewable power developer.
https://fortune.com/europe/2024/10/08/equinor-acquires-2-5-billion-stake-orsted/
Home insurers argue for a 42% rate hike in North Carolina days after Hurricane Helene hit
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In over 2,000 pages of data filed last January, the Rate Bureau sought proposed increases varying widely from just over 4% in parts of the mountains to 99% in some beach areas.
https://fortune.com/2024/10/08/home-insurers-argue-42-rate-hike-in-north-carolina-hurricane-helene/
Apple and Huawei’s newest devices are going head-to-head in China. Yet both could struggle in the world’s largest smartphone market
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Huawei may not have enough supply. Apple may not have enough demand.
https://fortune.com/asia/2024/09/20/apple-vs-huawei-iphone-mate-xt-tri-fold-smartphone-china-sales/
A mom of two put £4000 into her own muesli brand—now it’s turning over £28 million and she goes on vacation twice a month
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Here’s how Rude Health’s founder Camilla Barnard invests her money and unwinds after work.
https://fortune.com/europe/2024/10/08/camilla-barnard-rude-health-clean-eating/
Martha Sazon leads the Philippines-based finance superapp GCash with a majority-female 94 million user base
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Sazon's success with GCash has earned her the No. 38 spot on Fortune’s Most Powerful Women Asia list.
https://fortune.com/asia/2024/10/07/martha-sazon-gcash-philippines-finance-women-leadership/
Warren Buffett’s BofA stock-selling spree surpasses $10 billion
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Berkshire’s remaining 10.1% stake is worth about $31.4 billion.
https://fortune.com/2024/10/07/warren-buffetts-bofa-stock-sales-berkshire-hathaway-10-billion/
Warren Buffett’s BofA stock-selling spree surpasses $10 billion
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Berkshire’s remaining 10.1% stake is worth about $31.4 billion.
https://fortune.com/2024/10/07/warren-buffetts-bofa-stock-sales-berkshire-hathaway-10-billion/
Everything is permitted
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Ubisoft sale, Meta movies, Texas TikTok, Google news battle, EU privacy. Plus: Apple Intelligence and “Salt Typhoon” cyberattacks.