Bank of America CEO Brian Moynihan says U.S. economy is the envy of the world—but could lose its power due to national debt
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Brian Moynihan, CEO of Bank of America, said the U.S. needs to get its "eyes and stomach in line."
https://fortune.com/2024/10/16/bank-of-america-brian-moynihan-national-debt-warning/
After the Camp fire, PG&E’s CEO is focused on safety and culture to rebuild the public’s trust
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Patti Poppe is the first female CEO to move from heading up one Fortune 500 company to another. 'I won't be the last. That's the good news,' she said.
With national debt at $105,000 per person Bank of America’s CEO is asking ‘How do you pay the bills?’
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Brian Moynihan, CEO of Bank of America, said the U.S. needs to get its "eyes and stomach in line."
https://fortune.com/2024/10/16/bank-of-america-brian-moynihan-national-debt-warning/
Economists say America’s gender wage gap is getting worse again—the first major setback for working women in 20 years
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The Labor Department’s chief economist said it’s too soon to tell whether 2023 was a blip or the start of a worrisome new trend.
https://fortune.com/2024/10/16/gender-wage-gap-working-women/
Supreme Court Justice Ketanji Brown Jackson knows about working with people you disagree with—and learned this strategy from her own mentor
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"One of the most important things is to try not to take anything personally."
https://fortune.com/2024/10/16/supreme-court-justice-ketanji-brown-book-lovely-one/
On average, every high school has one ‘ultra-high-earning’ teen who makes $10,000 via online hustles
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Thanks to TikTok, Depop, and Twitch, making money online has replaced the paper round.
https://fortune.com/2024/10/16/ultra-high-earning-teenagers-money-online-side-hustle/
Savvy CHROs are successfully building bridges to the C-suite—here’s how they can influence executives
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How often are you meeting with your CEO?
More CFOs are becoming CEOs: What it takes to get there
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Executive search experts share their insights.
https://fortune.com/2024/10/16/more-cfos-becoming-ceos-what-it-takes-to-get-there/
SpaceX’s launch this weekend will reshape the space industry
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The space startup’s booster landing helped pave the way for Starship coming to market.
https://fortune.com/2024/10/16/spacexs-launch-this-weekend-will-reshape-the-space-industry/
More than 800 U.S. troops kicked out under ‘don’t ask, don’t tell’ rules just got upgraded to honorable discharges
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It is the latest development over the decades to undo past discrimination against LGBTQ service members.
Hurricanes Helene and Milton caused billions in damage. Here’s how to deal with your insurer
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Many people buy policies in hope they can protect them when disaster strikes. But oftentimes insurance doesn’t cover what the policy holder thinks it does — or thinks it should.
European Union is not an ‘a la carte menu’ members tell Switzerland as relations remain strained
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"We have common rules for everyone, including Switzerland," Luxembourg's Foreign Minister Xavier Bettel said.
https://fortune.com/europe/2024/10/16/europe-negotiation-members-switzerland/
Donald Trump isn’t letting go of the idea that high tariffs won’t raise inflation no matter what economists say
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Appearing before a friendly audience at the Economic Club of Chicago, the Republican presidential nominee repeatedly asserted that tariffs are misunderstood as an economic tool.
https://fortune.com/2024/10/16/donald-trump-idea-high-tariffs-no-raise-inflation-economists/
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/
Japan shares fall on weak chip market outlook while LVMH sales drop drags Europe down
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LVMH CFO Jean-Jacques Guiony said that “consumer confidence in mainland China today is back in line with the all-time low reached during COVID.”
https://fortune.com/2024/10/16/premarket-stock-futures-dow-sp500-nasdaq-17/
Italy to tap banks, insurers for €3.5 billion in budget plan
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In a new plan designed to deliver on giveaways pledged to voters.
https://fortune.com/europe/2024/10/16/italy-banks-insurers-3-5-billion-budget-plan/
Stellantis shipments drop 20% as CEO trims inventories
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Stellantis cuts shipments by a fifth in Q3, with CEO Carlos Tavares tackling bloated inventories and major challenges in North America.
https://fortune.com/europe/2024/10/16/stellantis-shipments-drop-ceo-trims-inventories/
Kellogg said it would remove artificial colors from Froot Loops by 2018—people are protesting that it still hasn’t
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In Canada, Froot Loops are colored with concentrated carrot juice, watermelon juice and blueberry juice. But in the U.S., the cereal still contains artificial colors and BHT, a chemical preservative.
Hunter Biden is reviving his lawsuit against Fox News over explicit images of him it used in a streaming series
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The president's son first sued Fox in New York in July over images used in the Fox Nation series “The Trial of Hunter Biden,” a “mock trial” of Hunter Biden on charges he has not faced.
Hong Kong is cutting its liquor tax to revitalize its once-vibrant nightlife and dining industry
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Many residents now prefer to spend their weekends in mainland China, attracted by its lower prices and a wider variety of entertainment options.