Meta VP: AI in advertising and the rise of single-person billion-dollar company
There is one question I keep hearing from business leaders, and it is reshaping the way I think about what comes next: “What if you started from scratch, knowing what…
finance_news
Move over DINKs: SPLITs are the new financial power couple—they have two incomes, no kids yet and no joint bank account
DINKs have been having a moment. Child-free millennials have spent the last few years flaunting champagne breakfasts and last-minute luxury trips on TikTok, all funded by the money they’re not…
Financial insiders are buying their own stock at the slowest pace in nearly 23 years—a ‘negative data point’ just as bank earnings kick off
As Wall Street’s biggest banks prepare for Q3 earnings starting next week, in one sense things have never looked better. Trading desks have been setting records. Blockbuster public offerings like…
A $13 billion property mogul is the latest to flee Britain’s new taxes for Monaco, a warning sign as California votes on a billionaire tax
Monaco has long been a tax haven for London’s ultrawealthy seeking to shield their fortunes from the UK Treasury. This summer, David Reuben, the 88-year-old property magnate who shares second…
Will AI kill the Asian entertainment industry, or reinvent it?
Singapore celebrated its 61st birthday with two films. One, Bersama Majulah, depicts the Southeast Asian country under siege by zombies; the other, Trace Project, tells an inspiring tale of a…
Citi shortens its analyst program to two years as Wall Street fights private equity for young talent
Choosing between becoming a banker or a private equity analyst is akin to the story of the tortoise and the hare. While junior bankers toil with $80,000 salaries in their…
$5 meals, $6 combos and fewer visits: McDonald’s barrage of deals isn’t winning customers back
The $5 Sausage McMuffin meal didn’t do the trick. Neither did the mix-and-match deal that let customers choose, say, the Filet-O-Fish and Chicken McNuggets for $6. McDonald’s CEO Chris Kempczinski…
‘AI Snake Oil’ author sees chatbots evolving into a ‘truth oracle’—and journalism heading somewhere it hasn’t been in 200 years
Arvind Narayanan thinks AI will come to feel more trustworthy—and it will remove the tells that let readers know they’re encountering AI slop in the wild. The Princeton computer scientist…
Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different reality
Wealthy baby boomers have spent decades building their fortunes—and the foundations, donor-advised funds, and giving traditions that come with them. But as the $124 trillion Great Wealth Transfer gets underway,…
Inside Europe’s biggest companies—and the forces reshaping them
Fortune’s Europe team descended on the London Stock Exchange on Sept. 16 for a special launch of the Fortune 500 Europe list. The ceremonial ringing of the bell to open…