Stripe and private equity firm Advent have reportedly made a $53 billion bid to acquire PayPal, a deal that would combine one of fintech’s fastest-growing companies with one of digital payments’ largest consumer networks. The acquisition, which has been rumored for months, would rank among the largest fintech deals on record. According to Reuters, Stripe […]
The Ford Foundation, The Hershey Trust, and The Hormel Foundation are just some of the charitable organizations created by company founders or shareholders of major corporations. There are others that don’t include company names. Right now, Warren Buffett, the former CEO of Berkshire Hathaway (BRKA 0.50%)(BRKB 0.48%), is funding his children’s charitable organizations by donating […]
Exposure to the artificial-intelligence boom has become virtually impossible for investors to avoid. The theme hasn’t just cornered the stock market. It has systematically swallowed up corporate credit and venture capital, too.
The world’s largest berry distributor promises ‘only the finest’—but now it’s being sued for selling conventional strawberries tainted with 8 pesticide-linked PFAS.
IBM shares tumbled Tuesday as CEO Arvind Krishna acknowledged in an unusual letter to investors that the company had failed to adapt quickly enough, a blunt admission that followed a surprise earnings miss and sent the stock toward its worst drop in decades. Fortune talked to several analysts about the resulting 25% stock crash, the […]
Qualys CEO Sumedh Thakar sells $513k in company stock
The philanthropist and businessman issued a strong critique on a growing financial sector.
“The actual date of death ultimately affects only the surviving beneficiaries.”
A sweeping study of 4.8 million people found ADHD is linked to dozens of physical disorders—raising new questions about how the condition affects the body.
Everyone remembers when Adidas dropped Kanye. Almost nobody noticed when they started winning without him, until suddenly they were everywhere again. After losing an estimated $1.7 billion in annual Yeezy revenue, Adidas leaned into its own heritage instead of chasing clout. On this episode of FC Explains, we dive into the comeback, from Oasis fans […]