Starbucks chases Gen Z nostalgia, betting $1 billion on plan to bring back the ‘third place’
Starbucks is betting big on nostalgia. On Thursday, the coffee giant unveiled a $1 billion restructuring plan that will shutter ...
Tag: Fortune
Gen Z is reviving this boring job that millennials and boomers abandoned—and it’s helping them land six-figure careers straight out of college
As millions of boomer accountants gear up for retirement, the industry is facing a talent shortage crisis. While it’s been ...
Oracle founder Larry Ellison has pledged to give away 95% of his $393B fortune—but sudden leadership changes fuel a mystery
Oracle founder and potential TikTok overlord Larry Ellison’s current net worth is estimated at $393 billion, making him the second-richest ...
Cathie Wood says the AI race has already shrunk to the ‘Big 4’ key players, and it could soon drop to 2
Ark Invest CEO Cathie Wood said the AI space is already being ruled by a group of “big four” players. ...
Billionaire Mike Bloomberg was fired after dedicating 15 years of his career to Salomon Brothers—the next morning, he founded his media empire
Long before Mike Bloomberg was the billionaire businessman, politician, and philanthropist he is today, he was laid off from a ...
Patagonia founder lived on $1 a day and cat food before making it—when he hit billionaire status, he was so angry he gave away his $3 billion company
For many business leaders, joining the billionaires club is the ultimate badge of success—placing them among the ranks of Warren ...
Trump is already wielding his ‘golden share’ authority at U.S. Steel, overriding the company’s plans for an Illinois plant, report says
Just when U.S. Steel thought the ink had dried on its new future with Japan’s Nippon Steel, the company ran ...
Behind closed doors, our top CEOs say Trump is bad for business and it’s time to Make America into America Again
We just hosted a large gathering of top CEOs, primarily Republicans, and you might be surprised by what we heard. ...
It’s not just Sam Altman warning about an AI bubble. Now Mark Zuckerberg says a ‘collapse’ is ‘definitely a possibility’
Deutsche Bank called it “the summer AI turned ugly.” For weeks, with every new bit of evidence that corporations were ...
Trump’s social security chief says ‘everything’ is on the table and retirement is about to get a ‘different set of rules’
Social Security faces insolvency by 2032, forcing policymakers to weigh politically fraught options like raising the retirement age, raising taxes, ...
