Moody’s downgrades 7 French banks as the country’s debt and political chaos looks set to spill into 2025
Moody's downgraded the ratings of banks including BNP Paribas and Credit Agricole amid fears over France's debt situation.
Senate report calls U.S. effort to keep advanced chips away from China and Russia ‘inadequate’
The report argues the Bureau of Industry and Security has been too reliant on U.S. chip makers voluntarily complying with the ...
Hermès may be nearly 200 years old. But astronomical growth means it’s ‘an old lady with startup issues,’ its artistic director says
Hermès doesn’t belong in the world of speed and mass production. But that doesn’t mean it won’t change how it operates over ...
Fortune17h
Bad news for prospective homebuyers: The Fed’s rate cuts are unlikely to bring down stubbornly high mortgage rates anytime soon
Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve in Washington, Nov. 7, ...
MacKenzie Scott has given away over $19 billion in the last 5 years and experts say she’s ‘changed entire fields like affordable housing’
MacKenzie Scott acknowledged another $2 billion in donations as 2024 comes to a close.
Fortune20h
Ryder taps 20-year veteran as next CFO. Here’s how the Fortune 500 company develops top talent
Cristina Gallo-Aquino was promoted to CFO at Ryder System, Inc. Courtesy of Ryder System, Inc. © 2024 Fortune Media IP ...
Fortune11h
Texas billionaires made a $200 million bet on a college football ‘laughingstock.’ It’s paying off with a championship run
SMU will play Penn State in the first round of the College Football Playoff on Saturday. © 2024 Fortune Media IP Limited. All ...
Fortune16h
Marc Benioff says Trump’s team seems more invested in building a relationship with Big Tech compared to the Biden administration
SoftBank Group CEO Masayoshi Son smiles with President-elect Donald Trump during a news conference at Mar-a-Lago, Monday, Dec ...
Sales of nuclear bunkers are soaring right now even though experts say they’re basically useless in the event of an atomic blast
Global security leaders are warning nuclear threats are growing as weapons spending surged to $91.4 billion last year.
Nissan and Honda merger could be a move to head off crippling Trump tariffs
Combining forces would allow the companies to increase their U.S. manufacturing ahead of possible tariffs on car imports.
RFK Jr. has accused the FDA of suppressing hydroxychloroquine. Now, the study that suggested its use in COVID is retracted.
The study's initial publication set off a frenzy of excitement over the drug's potential, including with RFK Jr.
Nissan rolls back diversity policies as activist claims another win
Nissan’s letter echoes similar moves by more than a dozen companies, from rival Toyota Motor Corp. to Walmart Inc. and Harley ...