The relentless stock market rally could pull off another shocker
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The stock market shocked Wall Street last year with a massive gain, and it could top that this year with an even bigger surge.
Union in Boeing strike presents resolution proposal to members
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The proposal includes a wage increase of 35% spread over four years, a reinstated incentive plan and an increase to company 401(k) matching, the union said.
https://fortune.com/2024/10/19/boeing-strike-union-deal-35-percent-wage-increase-401k-matching/
Berkshire Hathaway lifts stake in Sirius XM after Malone deal
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Warren Buffett's Berkshire Hathaway now has a stake of about 32.5% in Sirius XM’s publicly traded stock, having become the top holder last month.
https://fortune.com/2024/10/19/warren-buffett-stocks-berkshire-hathaway-sirius-shares-john-malone/
Trump’s favorite word is a big talking point for European CEOs
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Mentions of "tariff" on earnings conference calls so far this period have soared in Europe, outpacing instances on US calls by a ratio of 5 to 2 in October.
Amazon employees gripe about their work culture on social media
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“Instead of the exciting, fast-paced environment I remember, I experienced a place bogged down in pointless meetings and middling middle managers.”
What went wrong at CVS? Departing CEO Karen Lynch’s reign started brilliantly, then unraveled fast
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A trifecta of problems, some that started before she took the top job, ended the reign of one of the most powerful women in American business.
https://fortune.com/2024/10/19/what-went-wrong-at-cvs-karen-lynch-ceo-stock-price/
Gen Z teens feel crushing pressure to achieve. 6 ways parents can fight it, not fuel it
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“Achievement is not the problem,” says one expert. “It’s the way that we’ve come to talk about achievement.”
https://fortune.com/well/article/teens-pressure-high-achievers-how-parent-can-help/
7 in 10 office workers say they have a ‘work wife’ or ‘work husband’—here’s why experts warn they probably shouldn’t
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While the quirky phrase might be shorthand between pals, it's a red flag for everyone else.
https://fortune.com/2024/10/19/office-work-wives-husbands-phrase-career-friendships/
The lucky few Gen Z and millennials who broke into the housing market feel trapped in their starter homes, report says
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Americans feel stuck in their first homes, tied down by high interest rates.
https://fortune.com/2024/10/19/gen-z-millennials-housing-unaffordable-starter-home/
Italy’s winemakers face yet another threat to their future
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Italy’s winemakers face climate challenges, shifting tastes, and rising debt, threatening the future of this iconic industry.
https://fortune.com/europe/2024/10/19/italy-winemakers-face-threat-future/
Google DeepMind director calls for clarity and consistency in AI regulations
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AI leaders tackled the much discussed California bill that would have required developers of large-scale AI models to meet safety requirements.
https://fortune.com/2024/10/18/google-deepmind-director-calls-for-ai-regulation/
Microsoft and OpenAI are haggling over the tech giant’s stake in the startup
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The two companies each hired a major investment bank to negotiate how big Microsoft’s share in OpenAI will be after its $14 billion investment.
Who’s funding the 2024 Race? Meet the billionaires behind Trump and Harris
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There are billionaires on both sides of the aisle this November. Here’s where they fall:
Montana GOP Senate candidate accused of passing off accidental self-inflicted gunshot as war injury
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Sheehy was awarded a Purple Heart for wounds sustained in a separate combat incident and was also awarded a Bronze Star.
https://fortune.com/2024/10/18/montana-gop-senate-candidate-gunshot-tim-sheehy-war-wound/
Exclusive: Waymo engineering exec discusses self-driving AI models that will power the cars into new cities
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Can the company trying to build “the world’s most trusted driver,” encourage new riders to lean back and enjoy the ride?
https://fortune.com/2024/10/18/waymo-self-driving-car-ai-foundation-models-expansion-new-cities/
Jerome Powell has accidentally jammed the property market—especially for the ultrarich
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High-end property buyers often have their assets locked in interest-sensitive classes, stalling the luxury property sector.
https://fortune.com/2024/10/18/housing-market-jerome-powell-fed-mortgage-rates/
TSMC says it will take ‘prompt action to ensure compliance’ after reported U.S. probe into possible work with Huawei
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The U.S. is reportedly probing whether TSMC is making AI or smartphone chips with Huawei, currently barred from accessing chips made with U.S. technology.
Gold tops $2,700 for first time to extend record-breaking run
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Bullion is one of 2024’s strongest performing commodities, with gains of more than 30% so far this year.
https://fortune.com/2024/10/18/gold-price-2700-first-time-record-rally-mideast-us-election/
Amazon boss has a brutal response to staffers who don’t like 5-day RTO mandate: Leave
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Amazon CEO Andy Jassy has told staff to be in the office five days a week, with AWS CEO Matt Garman saying staff should leave if they don’t like it.
https://fortune.com/2024/10/18/amazon-matt-garman-return-to-office-mandate/
Record-breaking rally pushes Wall Street to longest winning streak of the year
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US markets continue to flirt with record highs.
https://fortune.com/2024/10/18/stock-market-today-dow-sp500-nasdaq-7/