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Middle-class Americans are paying for the data center and AI boom with higher electric bills and even food costs, Goldman Sachs warns | Fortune

Data-center deals crested above $61 billion in 2025 as hyperscalers rushed to expand their computational power in the AI race. But middle-class Americans aren’t just the ones footing a chunk of the bill to power these centers. The trickle-down...

Workday lost $40 billion in value. Founder Aneel Bhusri is back with a $139 million bet he can turn it around | Fortune

By bringing cofounder Aneel Bhusri back to the CEO job, Workday has turned to a classic Silicon Valley tradition to deal with the AI threat squeezing software company stocks: the return of the founder.Bhusri’s return to the top job at the human resources software...

Crypto lender BlockFills suspends withdrawals for clients in latest blow to the blockchain sector | Fortune

BlockFills, a crypto trading platform, will temporarily prohibit customers from depositing and withdrawing funds. It is the latest sign of trouble for the digital assets industry, which has been beset by plunging prices and unease over its future. Chicago-based...

Instagram boss reveals he’s paid $900K per year plus stock worth ‘tens of millions of dollars’ as he denies ‘addiction’ claims | Fortune

Head of Instagram Adam Mosseri’s compensation came under fire during the landmark social media addiction trial against its parent company, Meta, and YouTube in Los Angeles on Wednesday. Mosseri, who has led Instagram since 2016, revealed under questioning that he...

One of Wall Street’s most feared hedge fund managers on the decline of the dollar: Gold is ‘becoming the reserve asset’ | Fortune

Gold blasted past $5,300 per ounce last month as President Donald Trump’s hawkish foreign policy and tariff threats sent investors to safer assets. At the same time, U.S. deficit spending swelled to what the Congressional Budget Office called an...

Layoffs and unemployment are quite low, actually, says BLS | Fortune

The number of Americans applying for unemployment benefits fell last week, remaining within the historically healthy range of the past few years.Applications for jobless aid for the week ending Feb. 7 fell by 5,000 to 227,000 from the previous...

The flawed assumptions behind Matt Shumer’s viral X post on AI’s looming impact | Fortune

AI Influencer Matt Shumer penned a viral blog on X about AI’s potential to disrupt, and ultimately automate, almost all knowledge work that has racked up more than 55 million views in the past 24 hours.Shumer’s 5,000-word essay certainly...

How business students learn to make ethical decisions by studying a soup kitchen in one of America’s toughest neighborhoods

For the past decade I have volunteered at St. Francis Inn, a soup kitchen in the Kensington neighborhood of Philadelphia.Kensington, for those not from Philly, has long had a reputation for potent but affordable street...

Exclusive: Seligman Ventures debuts with $500 million and a new model for the blurring line between public and private markets | Fortune

The public markets are thinning, the private markets are exploding, and AI is wholly destabilizing both.Consider the past week’s software meltdown: AI fears and stalled market dynamics vaporized $1 trillion in market value, rippling down to private companies. “The funding...

Mark Zuckerberg is joining Jeff Bezos in Miami’s billionaire bunker: Take a look inside his portfolio | Fortune

Mark Zuckerberg is reportedly adding to his growing list of luxury homes with a waterfront property in the most in-demand section of one of most exclusive neighborhoods in America.The Meta CEO and his wife, Dr. Priscilla Chan, are reportedly...
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Bangladesh election: BNP sweeps to victory in first vote since Gen Z uprising

Voters are hoping for a return to democracy after 15 years of authoritarian rule under Sheikh Hasina. Source link
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