Rick Perry’s AI power startup Fermi already has a $16 billion market cap—and zero revenue
Backed by the former U.S. energy secretary and Texas governor Rick Perry, AI power startup Fermi Inc. went from nonexistent to an October IPO with a mammoth $16 billion market…
Ray Dalio says the U.S. is headed for civil war, with either side exerting ‘tests of power’ on their rivals
Bridgewater Associates founder Ray Dalio is always on the lookout for the next issue which could derail the economy. He, like many others, is extremely concerned about national debt. He’s…
Global selloff underway as traders sour on U.S. government shutdown and doubts about the Fed grow
It’s not chaos but it’s not good: The S&P 500 lost 0.28% yesterday and futures this morning are flat—suggesting that traders are unenthusiastic about bidding the market higher. Meanwhile, markets…
PepsiCo taps Walmart veteran as CFO, bets big on beverage revamp
PepsiCo CEO Ramon Laguarta highlighted Schmitt’s expertise in complex supply chains, adapting to omnichannel consumers, and delivering operational excellence at scale as “impactful” for PepsiCo’s growth strategy.“The stakes are high for PepsiCo. With $29 billion a year in revenue,…
I’m the founder of a $1 billion travel unicorn. Here’s what growing up in hotel lobbies taught me about leadership
I never expected the hours I spent as a teenager behind hotel reception desks would one day help me build a $1 billion traveltech company. I learned in those lobbies…
OpenAI COO Brad Lightcap on what history teaches us about AI and the enterprise race
While OpenAI focused on the future during its DevDay event this week, I was especially curious about what OpenAI COO Brad Lightcap had to say about the past. “There are some…
This CEO got fired 3 times before becoming his own boss and selling his company for $1.6 billion—he tells struggling Gen Z that’s the point of your 20s
“For many of us who are entrepreneurs, we don’t listen to anybody, and we just make a bunch of mistakes,” O’Kelley tells Fortune’s Orianna Rosa Royle. “I go back to…
How REI’s store closings in New York and Boston could derail the CEO’s efforts to win over employees
“Let me be clear, signing that letter was a mistake,” she said, referring to a letter her predecessor Eric Artz signed, along with a number of other outdoor focused companies, supporting…
Beware of the ‘hybrid creep’: Employers are silently sneaking in more in-office days without a major policy change—leaving many workers commuting way more than expected
Even in the age of flexible work, landing your dream hybrid job might not be enough to keep you safe from creeping in-office policies. Just because the job ad promised…
Trump, Xi maneuver for leverage as talks, truce expiry loom
Presidents Donald Trump and Xi Jinping are maneuvering for leverage ahead of their upcoming meeting and the expiration of a U.S.-China trade truce, even at the risk of escalating tensions…
