Finance

Southeast Asia hit with dealmaking slump, with 39% drop in PE deal value in 2023

Private equity investments are getting scaled back worldwide, as “higher for longer” interest rates and uncertain global growth have dampened investor appetite for...

American Airlines CEO fired top exec after controversial ‘modern retailing’ strategy infuriated corporate clients

American Airlines Group Inc. Chief Executive Officer Robert Isom dismissed the carrier’s commercial chief in the wake of a critical report from Bain...

Homeowners insurance outlook: insurers paid out a staggering $100 billion last year

Home insurance companies are being battered by a costly combination of severe storms and high inflation. They just had their worst year in...

What’s it like to take over the CEO job from a company founder? Lyft’s David Risher can answer that

On this episode of Fortune’s Leadership Next podcast, co-hosts Alan Murray and Michal Lev-Ram sit down with David Risher, CEO of Lyft. They talked about Risher’s...

Texas can’t catch a break as new storm kills teenager, uproots trees, rips off roofs

Power outages remained widespread in storm-weary Texas after another burst of severe weather flooded streets, uprooted trees and ripped off roofs. Authorities said...

Gym usage surpasses pre-pandemic levels, thanks to Gen Z

Do you spend a lot of time at the gym lately waiting for an empty squat rack? Or maybe you’re often in line...

Rental market crisis: The 9 most rent-burdened cities in the U.S.

The rent is still too damn high. That’s generally true across the U.S., but there are a select few cities where renters are...

GameStop surges without the help of Roaring Kitty

Bump comes after a cash infusion. Read More

George Lucas, creator of Star Wars, calls risk-averse Hollywood creatively bankrupt—‘there’s almost no original thinking’ 

First there were sequels, then there were prequels. Later came reboots, spinoffs and live-action remakes. The latest wannabe blockbuster, Furiosa: A Mad Max Saga, just bombed...

Suning’s loss of Inter Milan caps China’s failure to dominate soccer

About a decade ago, Xi Jinping, China’s president, had a dream: to turn the country into a global soccer powerhouse. That ambition was...

Airports screened a record number of travelers Friday before Memorial Day

A record was broken ahead of the Memorial Day weekend for the number of airline travelers screened at U.S. airports, the Transportation Security...

‘Tesla is far ahead in self-driving cars’—Elon Musk earns praise from Nvidia’s Jensen Huang

Nvidia’s star founder Jensen Huang endorsed Tesla’s strategy for AI-enabled autonomous vehicles weeks ahead of a key vote that determines if CEO Elon...

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