Return-to-office mandates are just a blip; Setting your alarm before sunrise and standing shoulder-to-shoulder on a packed train, just to sit at a desk for eight hours, is going to be a relic of the past. And it’s going to be extinct much sooner than you probably expect. According to Mark Dixon, CEO of IWG, […]
Welcome to rural Reeves County, which counts about 4,000 households over 2,600 square miles, in barren and arid West Texas. Soon, courtesy of Chevron, the county will possess enough gas-fired electricity to power more than 2 million homes—though in this case, all of that power will be dedicated instead to Microsoft data centers. The massive […]
Temperatures in Central Europe soared to extreme levels again on Wednesday with Slovakia and Austria both having their hottest day on record. For Slovakia, it was also the third time this summer that temperatures reached a record high. The country’s south recorded temperatures above 40 degrees Celsius (104 degrees Fahrenheit) in the latest heat wave, with a new […]
The idea was unique for sub-Saharan Africa: Use cable cars to lift thousands of commuters above the daily gridlock in one of Africa’s fast-growing cities. But the system ran for only a few weeks, and now the car-less cables hang unused above Madagascar ‘s capital in what might be a $170 million mistake by one of the […]
The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the Supreme Court allowed her to retain her job while she fights the president’s effort to terminate her over mortgage fraud allegations that she has denied. The justices in a 5-4 decision in June said Cook, who was […]
Ida Huddleston has lived on the same stretch of farmland outside Maysville, Kentucky, since she was 16. She and her late husband built a log home there, raised children, and worked the soil through six decades of marriage. Today, the family owns roughly 1,200 acres, and multiple generations still live on it. Last spring, an […]
Bill Ackman has spent roughly two decades and close to $1 billion on philanthropy. His verdict: Capitalism can often have a stronger societal impact. “I’ve spent a fair amount of time on philanthropy, and it’s vastly less efficient at solving problems than capitalism,” the Pershing Square Capital Management founder and CEO told Fortune editor-in-chief Alyson […]
As the Trump administration continues to purge hundreds of thousands of workers from the country, Americans aren’t simply taking their places. Instead, their jobs appear to be disappearing with them. The economy lost 23,000 jobs last month, yet the unemployment rate went down as the workforce shrank. America’s emerging deportation economy may account for the […]
Iran and Oman have been in talks for weeks on a plan to reopen the Strait of Hormuz, and the agreement coming together would deliver a huge geopolitical win for Tehran. A proposed deal between the two countries that sit on opposite ends of the narrow waterway would give Iran control over inbound traffic, sources […]
Nonfarm payrolls fell by 23,000 in July, the Bureau of Labor Statistics reported Friday, badly missing consensus estimates that had called for a gain of roughly 80,000 to 90,000 jobs. It’s the second month of outright payroll losses this year. Compounding the miss, the government revised down May and June job growth by a combined […]
