At 9:30 a.m. Eastern Time today, the price of oil sits at $110.34 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s a decrease of $2.59 since yesterday morning and roughly $44.50 more than at…
It wasn’t even a year ago that fiscal hawks were wringing their hands over a new national debt milestone: The debt had hit $38 trillion, and interest payments on an annual basis would be 13 figures. A little over 200…
The guiding hand of the bond market is moving once again, with yields at multi-year highs around the world. Investors know the White House will be watching these shifts closely—Treasury Secretary Scott Bessent has said the bond market is ultimately…
Child advocacy organizations Fairplay and the National Center on Sexual Exploitation (NCOSE) are filing a complaint against Roblox at the Federal Trade Commission, asking the agency to investigate the gaming giant for practices they say exploit children through manipulative monetization,…
CBRE, the world’s largest commercial real estate services firm, has long been associated with brokerage, facilities management, and investment sales. But the century-old company—founded in the aftermath of the devastating 1906 San Francisco earthquake—is now being reshaped by another kind…
Finding the perfect pair of jeans requires patience and a willingness to try things that don’t always fit. ThredUp has built an entire business around that idea, giving people a second shot at finding what works, and a guilt-free way…
Corporate transformations fail much more often than they succeed. The failure rate is around 70% and this figure has not improved in decades. Since the 1980s, human beings digitized the global economy, mapped the human genome, and built cars that can…
Back in 1993, the great Democratic strategist James Carville—famous for his quip, “It’s the economy, stupid”—told the Wall Street Journal that he used to think that if reincarnation existed, he wanted to come back as the president, the pope, or…
In the mid-1990s, when Percy Weatherall was CEO of Hongkong Land and Michael Smith was a junior property cadet at Jones Lang Wootton, Weatherall offered Smith a job. Smith turned him down as he was already committed to UBS in…
For most executives, that’s a sentence likely to provoke intense anxiety. But for Bolt CEO Ryan Breslow, it was unavoidable. Speaking at Fortune’s Workforce Innovation Summit on Tuesday, the 31-year-old defended sweeping workforce cuts at Bolt—including a recent layoff affecting…