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Billionaire Mike Bloomberg was fired after dedicating 15 years of his career to Salomon Brothers???the next morning, he founded his media empire
2+ hour, 25+ min ago (491+ words) Being involuntarily ousted from a job—whether that be from a layoff or firing—is a universal, career-altering experience that very few professionals are lucky enough to never go through. Many of the greats have gotten the boot: Steve Jobs…...
Black Lake founder Yuxiang Zhou pitted an AI agent against his top sales coach. His most experienced salespeople chose the AI
6+ hour, 25+ min ago (594+ words) But he’s still waiting for the “Google moment” in AI When Yuxiang Zhou, founder of Black Lake Technologies, pitted an AI sales coach against his company’s most experienced sales leader, seven out of 10 of Black Lake’s most senior salespeople voted…...
Inflation won???t die. Now the bond market is daring the Fed to do something about it
2+ day, 22+ hour ago (294+ words) A hot war, a trade war, a bad harvest, a snarl in shipping. Supply shocks have come so often over the past six years, KPMG chief economist Diane Swonk told Fortune, that they’ve started to sound like a drumbeat. “With…...
Billionaire Coinbase CEO Brian Armstrong says most charities are 'net negative'???and that he has no plans to make his own foundation
3+ day, 8+ hour ago (531+ words) Elon Musk isn’t the only billionaire who has a contrarian view of philanthropy. Coinbase CEO Brian Armstrong admitted on a recently published episode of the Katie Miller Pod he doesn’t think charities have much of a positive impact on the…...
This CEO isn't sure about financial nihilism but he's horrified by sports gambling online. So this football season, he'll pay you not to do it
3+ day, 23+ hour ago (547+ words) “I don’t know if it’s real,” Kerner told Fortune in a recent interview. “I don’t have the statistics on it.” But ask him about online sports betting in general, and the hedging disappears. The onset of the NFL season, he…...
Mary Barra has led GM for 12 years. Here???s what she says about the company???s next chapter
3+ day, 22+ hour ago (299+ words) It’s a good day in Fortune MPW world when we get a new interview with GM CEO Mary Barra. Luckily, Fortune editor-in-chief Alyson Shontell just sat down with Barra for a new episode of her video podcast Titans and Disruptors....
Nike exits the S&P 100 after 18 years and a $200 billion market-cap wipeout
4+ day, 21+ hour ago (161+ words) From the company’s $264 billion peak in Nov. 2021 (when Nike shares traded at $179.10), the company is currently worth roughly $57 billion today, down 78%, as shares for the company are currently trading at around $38 apiece. Nike isn’t the only company to lose its…...
Pony.ai???s CEO thinks robotaxis will be widespread within five years:???The technology problem is pretty much already solved???
4+ day, 23+ hour ago (454+ words) Robotaxis will be a common sight on the world’s streets within five years, predicted James Peng, founder and CEO of the Chinese autonomous driving firm Pony.ai. “I think the technology problem is pretty much already solved,” he said at…...
Exclusive: Ineffable Intelligence adds six "cofounders," hiring veterans from Google DeepMind, InstaDeep and venture firm Flying Fish
6+ day, 5+ hour ago (231+ words) Exclusive: Ineffable Intelligence adds 6 "cofounders," hiring from Google DeepMind and InstaDeep fortune.com Exclusive: Ineffable Intelligence adds six ‘cofounders,’ hiring veterans from Google DeepMind, InstaDeep and venture firm Flying Fish Ineffable Intelligence, the London-based AI startup launched earlier this year…...
???Uncharted territory???: The $40 trillion U.S. national debt just got uglier as interest payments rise to $1.25 trillion a year
6+ day, 8+ hour ago (338+ words) The federal interest burden has reached a new height, exceeding even the 1991 record, but analysts warn the risks associated with servicing the ever-growing national debt today are much higher than they were 35 years ago, analysts warn. Growing interest payments create…...