Articles from fortune.com

Articles from fortune.com

Millennials and Gen Z say it's harder to buy a house and get promoted than it was for their parents (fortune.com)
2023-11-10

Airbnb took in $4bn in rent in Italy. Now the country's Finance Police is seizing $835m of it because they allegedly didn't pay taxes (fortune.com)
2023-11-8 Italy Tax Airbnb

The SEC is struggling to hire crypto experts—partly because the agency's employees can't own cryptocurrency (fortune.com)
2023-11-8 Cryptocurrency

The housing market is starting to crack—Sellers are cutting prices at record levels as 'You can no longer price based off of where sales were' (fortune.com)
2023-11-7 Real Estate

Real-estate class action lawsuit against realtors: Attorney says it costs homebuyers $60 billion per year in commissions (fortune.com)
2023-11-6

Real-estate industry rocked by $1.8 billion verdict finding ‘conspiracy' to force sellers to pay illegal commission fees (fortune.com)
2023-11-4 Conspiracy

EV, battery storage and solar projects announced since the Inflation Reduction Act will create 403,000 jobs, business group says. At least $86 billion in investments have been announced. (fortune.com)
2023-11-4 Inflation Solar Battery

Toyota's non-unionized workers didn't go on strike but are getting a raise anyway so that the company stays competitive with Detroit's Big 3 (fortune.com)
2023-11-4 Toyota Detroit

Donald Trump Jr. tells fraud trial he never worked on his father's financial statements despite being a Trump Organization EVP (fortune.com)
2023-11-3 Trump

Nonpartisan business group hails Biden's green jobs boom: 'We're in the biggest economic revolution we've seen in generations'. The group estimates that 403,000 jobs will be created by the 210 major projects announced since the IRA took effect. At least $86 billion in investments have been announced (fortune.com)
2023-11-3

The top 10% of U.S. households are $28 trillion richer since 2020-and economists are slowly waking up to the spending revolution (fortune.com)
2023-10-31 U.S.

Halloween candy inflation is downright frightful—again. 'The price of candy has gotten to be outrageous' (fortune.com)
2023-10-31 Inflation

Infosys founder Narayana Murthy wants young workers to have a 70-hour work week—and thinks it should be a matter of national pride (fortune.com)
2023-10-31

Source: X is giving employees RSUs at a share price of $45, implying a valuation of $19B; in March 2023, X offered employees stock at a $20B valuation (fortune.com)
2023-10-31

The ‘great wealth transfer' isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomers (fortune.com)
2023-10-29 U.S.

Mark Zuckerberg's $46.5 billion loss on the metaverse is so huge it would be a Fortune 100 company—but his net worth is up even more than that. Remember the metaverse? It was that new thing that Mark Zuckerberg has been evangelizing for years. It has lost money so far—a lot. (fortune.com)
2023-10-29 Zuckerberg

Americans are sinking in debt as household expenses grow faster than income, new poll says. 'The economy is good on paper, but I'm not doing great' (fortune.com)
2023-10-28 U.S.

Boomers won the housing market and millennials got screwed, BofA says. ‘Everyone locked in 3% mortgage rates, except Millennials'. When boomers were entering the housing market in the 1980s, mortgage rates were extremely high. But many many have refinanced their mortgages as rates fell. (fortune.com)
2023-10-28 Real Estate mortgage

U.S. economy glows red hot with a 4.9% GDP reading for the third quarter (fortune.com)
2023-10-27 U.S. GDP

Employees are so sick of the five-day workweek that most would take a pay cut to make it happen (fortune.com)
2023-10-26

Tesla warns that a federal probe into whether it exaggerated the range of its cars may lead to a ‘material adverse impact on our business' (fortune.com)
2023-10-25 Tesla

America's economic hot streak is just warming up as early data suggests the fastest growth in nearly 2 years during 3Q (fortune.com)
2023-10-24 U.S. 3Q

America's economic hot streak is just warming up as early data suggests the fastest growth in nearly 2 years. The world's largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer. GDP advanced at a 4.3% annual rate. (fortune.com)
2023-10-23 U.S. GDP

Elon Musk lost $30 billion in just over 2 days as the market realized Tesla may not be a tech giant, but a struggling car company. Tesla just posted its lowest quarterly EPS in two years at 66 cents, a figure that lagged consensus estimates by 10%, but it's even worse under the hood. (fortune.com)
2023-10-23 Tesla Elon Musk

Google and Meta Pulling Out Of Web Summit technology conference after comments the event's leader made about Israel (fortune.com)
2023-10-22 Israel Google

Gen Zers and millennials working several jobs to make ends meet are finding that gig work isn't cutting it anymore (fortune.com)
2023-10-21

New York AG Letitia James sues the Winklevoss' Gemini, Genesis, and its parent Digital Currency Group, alleging the companies defrauded 230K investors of $1B+ (fortune.com)
2023-10-19 New York

Jeff Bezos and Bill Gates-backed trucking startup to cut hundreds of jobs after being just weeks away from running out of money (fortune.com)
2023-10-19 Startup Bill Gates Jeff Bezos

Bank of America warned consumers they would be pushed to the ‘point of pain.' CEO Brian Moynihan says we've now reached that point (fortune.com)
2023-10-19 U.S.

Source: X will begin charging new users $1 a year to access key features including the ability to tweet, reply, quote, repost, like, bookmark, and create lists (fortune.com)
2023-10-18

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