Ferrari to release crypto token to let wealthy fans take part in 499P auction
The Italian fintech Conio will collaborate with the car maker to launch the ‘Token Ferrari 499P.’ Those who have the token will be a part of the Hyperclub, reserved for…
SM Energy is acquiring Civitas in $13 billion oil and gas merger of near equals in the Permian Basin
The two Denver-based energy players said Nov. 3 they are combining forces as the oil and gas industry continues to consolidate, and the most prized assets are the needed inventory…
Sam Altman sometimes wishes OpenAI were public so haters could short the stock — ‘I would love to see them get burned on that’
Sam Altman is getting fed up with the haters, and he wishes OpenAI were public so they could put money behind their critiques.“First of all, we’re doing well more revenue…
Reddit’s CEO has just become a billionaire—a staggering 20 years after co-founding the company fresh out of college with $12,000
Fortune reached out to Reddit and Huffman for comment.Instead of dwelling on the rejection, the young innovators pivoted.Within 16 months of Reddit being created, Condé Nast acquired the platform for…
Both subprime and super prime loans are on the rise, signs of a K-shaped economy that is a ‘prescription for real trouble’
The share of consumers taking out the riskiest form of loans has reached its highest peak this decade, a sign of growing financial stress for many Americans.Additionally, consumer-level delinquencies declined…
Amazon is experimenting at Whole Foods by selling mainstream brands like Pepsi, Kraft, and Chips Ahoy—and some will be hand-delivered by robots
The Everything Store is looking for a more organic way to sell you junk food. Enter Whole Foods, the grocery chain that built its name on natural ingredients.More is in…
This ETF is handily beating the S&P 500—and analysts say it could be one of the big winners of the AI boom
While artificial intelligence has driven massive gains in tech stocks this year, a lesser-known exchange-traded fund focused on power infrastructure is quietly outpacing the broader market—and analysts say its best…
Job openings have plunged 32% since ChatGPT’s debut—now, $35K healthcare work is one career option left for Gen Z, according to a Stanford study
Granted, the median annual pay of about $35,000 isn’t the dream salary for most Gen Z workers. Still, the barrier to entry is low—requiring only a high school diploma and…
Goldman Sachs CEO says AI-induced growth offers a ‘path out’ of America’s $38 trillion debt crisis
Between Wall Street, retail investors, Ivy League economists, and Washington policymakers, you’d be hard-pressed to find someone who isn’t nervous about America’s national debt burden. Their concern is for the…
Why corporate executives shouldn’t ignore their own AI upskilling
Good morning. Artificial intelligence is redefining the workplace, and corporate jobs aren’t excluded from its reach.As companies shift from the hype phase to the adoption phase of AI, they’re seeing…
