Fortune27m
We’re about to get central bank rate cuts soon—but not from the Federal Reserve: Here’s who is expected to ease in the coming week
The European Central Bank, led by Christine Lagarde, is expected to cut its benchmark rate on Thursday. Hannes P. Albert—Picture Alliance via Getty Images The European Central Bank could open the door ...
Fortune1h
Media mogul Rupert Murdoch, 93, ties the knot for the 5th time, marrying the ex-wife of a billionaire energy investor and Russian politician
Rupert Murdoch and Elena Zhukova got married Saturday at his vineyard estate in Bel Air. News Corp. via AP Media magnate Rupert Murdoch, 93, has married for the fifth time, his corporation, News Corp, ...
Fortune4h
Elon Musk reportedly cussed out a JPMorgan exec years ago, but his cold war with Jamie Dimon may be starting to thaw
Tesla CEO Elon Musk and JPMorgan CEO Jamie Dimon are warming up to each other, the Wall Street Journal reported. Andreas Solaro—AFP via Getty Images Tesla CEO Elon Musk and JPMorgan CEO Jamie Dimon ...
Fortune8h
OPEC+ extends oil production cuts through all of 2025 to help prop up weaker crude prices
The OPEC+ alliance decided to hold steady its production levels, which include collective cuts of 2 million barrels per day, through Dec. 31, 2025. Getty Images Saudi Arabia and allied oil producing ...
Fortune8h
Romance guild in upheaval following criticism over the way it handled an author who posted negative online comments about other writers
The Romance Writers of America has filed for bankruptcy protection following several years of infighting and allegations of racism that fractured the organization, causing many of its members to flee.
Rachel Romer built a $4.4 billion education unicorn by 34—then she had a stroke. Now her CEO successor reckons with Guild’s new chapter
Guild had always tried to develop a path forward for American workers, but Romer’s ordeal forced her and her team to contend with the startup’s own future.
Fortune12h
As the climate heats up, meteorology emerges as the new hot degree on Wall Street
Financial firms are creating a new job market for meteorologists as they seek an edge in competitive commodities and energy markets. Getty Images When Kim Bentzen graduated with a meteorology degree ...
Fortune1d
The housing market is finally seeing more inventory, but buyers aren’t showing up as a ‘cold reality is settling down’
“Without the rate cuts, a cold reality is settling down on the housing market,” Robert Frick, corporate economist for Navy Federal Credit Union, said. Getty Images The US housing market — long ...
The best-performing stock on the S&P 500 is a ‘unicorn’ that joined the index less than a month ago and is beating Nvidia
Vistra’s mix of gas and nuclear power plants make it “a unicorn,” according to Guggenheim’s Shahriar Pourreza.
Jerome Powell’s Federal Reserve is stuck in a self-defeating paradox that makes cutting rates more difficult, economist warns
The more the Fed insists that the next move in interest rates is a cut, the more financial conditions will ease, making it more difficult for the Fed to cut." ...
Fortune1d
Nvidia’s market cap could more than triple to $10 trillion as it enjoys an ‘impenetrable’ advantage over AI rivals, analyst says
Nvidia CEO Jensen Huang gets ready to throw the ceremonial first pitch before a game between the CTBC Brothers and Wei Chuan Dragons on Saturday in Taiwan. In just the past year, AI chip leader Nvidia ...
Fortune1d
The best science-backed strategies for a strong mind as you age
Sixty-two-year-old founder Marie Jerusalem has never felt more able to adapt to the changing demands of the corporate world. “My body’s not as agile as it used to be, but mentally I’m stronger today ...