Jack Welch fired him from GE. He became a Fortune 500 CEO 3 years later David Cote’s unlikely climb shows why one brutal career setback can tell you surprisingly little about what comes next. Fortune · Aug 24
Mark Cuban wants to solve wealth inequality by making employers choose between paying higher taxes or giving every member of staff company stock “If we continue to see growing disparity in income, you risk unrest and further division, which is the most expensive tax on every business.” Fortune · Aug 24
Flock Safety has been a venture darling. Will data privacy controversies halt its rise? Flock operates in more than 5,000 communities across 49 states, and is an $8.3 billion venture darling. Now, the company’s run into trouble. Fortune · Aug 24
Apple to launch $2,000-plus foldable ‘iPhone Ultra’ in early September: report Everything you need to know before you reach the office this morning. Fortune · Aug 24
Target, Starbucks and Nike are writing the 2026 turnaround playbook. Here are the key lessons We saw potential where the market was wary. Here's why Target's Fiddelke and Starbucks' Niccol are making progress, and Hill bears watching. Fortune · Aug 24
Ikea’s real estate arm sponsored a pillow fight in France. Here's why One of Europe's largest real estate companies is taking a new approach to boosting footfall across its shopping centers. Fortune · Aug 24
A $1,000 loan kept MacKenzie Scott in college—now the billionaire philanthropist is giving away her $37 billion fortune to repay it forward MacKenzie Scott has donated $26 billion in the past several years. Fortune · Aug 24
Fortune Tech: Apple layoffs, Amazon price hikes, geothermal energy In today's edition: Apple layoffs, Amazon price hikes, geothermal energy, Hugging Face, TikTok $400M settlement, Nvidia and Perplexity, drones. Fortune · Aug 24
The U.S. is unlikely to win its 'dumb trade war' with Canada. Here's why Also: All the news and watercooler chat from Fortune. Fortune · Aug 24
Despite a $45 million net worth, Big Bang Theory star still works tough, 16-hour days—he repeats one mantra when overwhelmed Even with a $45 million net worth, fame, and a dream career, Big Bang Theory star Kunal Nayyar still has tough days. Nayyar tells Fortune he uses a personal mantra to cope—just like Jeff Bezos and Melinda French Gates. Fortune · Aug 24
Scott Bessent and the bond market: a pointless intervention The Treasury Secretary might win points with his boss, President Trump,but he will earn no points from the bond vigilantes. Fortune · Aug 24
National debt interest expense has exploded 14% in just 9 months The huge increase in interest expense has two sources. Fortune · Aug 24
Meet Flock, the $8 billion startup backed by a16z and Tiger facing growing backlash against surveillance capitalism Cities are canceling contracts. Cameras are getting vandalized, and lawyers who have reviewed the company’s contracts say data ownership is not clearly defined. Fortune · Aug 24
American Staffing Association chief economist: The future of work is temporary, and that changes everything about the labor market Out of more than 300 industries analyzed by BLS, temporary help services has added the second-highest number of jobs in 2026. Fortune · Aug 24
Fortune · Aug 24 The company selling a $3,000 mattress cover that billionaires love wants to become a healthcare company that treats sleep apnea Eight Sleep wants to turn its consumer sleep data into a healthcare business, but first it has to clear regulatory and clinical hurdles.
Fortune · Aug 23 Russia is suffering from a slow-motion bank run as the Kremlin scavenges for war funding—and it may start seizing recruits for the military too The financial sector's loss of deposits has created a liquidity crunch so severe that it's threatening Russia's ability to fund its war.
Fortune · Aug 23 The Iran war could last 'deep into 2027' as the Strait of Hormuz isn't that closed, allowing more oil to leak out—but major escalation is likely soon "And if the Strait is not fully closed, Iran’s leverage is weak. Thus, Iran has reasons to escalate."
Fortune · Aug 23 The Treasury's recent moves in the bond and currency markets add up to 'soft-form financial repression' to lower debt costs, economist warns “If the market price of USTs is not ‘allowed‘ to adjust down, the foreign exchange price of UST owned by foreign investors has to adjust via a weakening in the dollar.”
Fortune · Aug 23 Taxing all 938 billionaires at 100% wouldn't stop the $40 trillion national debt, says Elon Musk. Bernie Sanders says tax them 5% and send you a check Elon Musk argues America’s $40 trillion debt is too big for billionaire taxes to fix, but Bernie Sanders says a 5% tax could at least put $3,000 back in your pocket.
Fortune · Aug 23 Despite his $2.6 billion net worth, MrBeast said he’s had to borrow cash and didn't even have enough money in his bank account to buy McDonald’s Jimmy Donaldson, the world’s most popular YouTuber and founder of $5 billion business Beast Industries, claimed he didn’t “technically” have enough money to buy McDonald’s in the morning.
Fortune · Aug 23 The tax escape map: Billionaires are bolting for Florida from the West Coast and taking some $29 billion in tax revenue with them Driven partly by proposed wealth taxes, some of America’s richest people have poured hundreds of millions of dollars into waterfront Florida real estate.
Fortune · Aug 23 Meet the 18-year-old junk remover who vibe-coded his own pricing calculator and makes up to $15,000 a month Carter Grandbois' first job paid $500 for 30 minutes of work. "That was kind of an eye-opener." He's part of a movement of Gen Z blue-collar entrepreneurs.
Fortune · Aug 23 ‘I had no one to bird with who wasn't 20 years older than me’: Meet the Gen Zers who transformed grandma’s hobby into an analog craze “Bird watching, I think, used to be sort of a very, very niche thing, and now it is a cool thing,” eBird director Christopher Wood told Fortune. “They put their phone away completely.”
Fortune · Aug 23 The CEO of $1.2 billion learning platform Preply says it all started with his online search for an English tutor Kirill Bigai, the cofounder and CEO of learning platform Preply, had to take on a consulting gig while getting paid almost nothing building the business.
Fortune · Aug 23 OTC Markets CEO: 250 years of market history just collided with a new SEC rule If the SEC reform is finalized, growth-stage companies relying on discounted, dilutive private placements will gain a public, transparent alternative.