FINANCE
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These incarcerated women are leaving prison with a certified license to make people feel beautiful. The program ‘gave me a chance to feel human again’
Stephanie F., who asked Fortune to withhold her last name for privacy concerns, was 39 when she became incarcerated in…
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Octopus Group Chris Hulatt used ‘Terminator gene’ to help launch $16.7 billion investment firm
Chris Hulatt was a trainee fund manager on Mercury Asset Management’s (now Merrill) grad program when he met Simon Rogerson…
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Emmanuel Macron has new favorite bakery as best baguette in Paris is crowned
Deciding on an ideal bakery spot is increasingly becoming more trouble than it’s worth. A deluge of TikToks and varying…
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Philadelphia-based Republic Bank implodes in first failure of the year
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit…
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Activist hedge fund Elliott bets $1 billion on British platinum producer
Elliott Investment Management has built a roughly $1 billion stake in Anglo American Plc, the UK-listed miner that’s received an…
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Billionaire Miami Dolphins owner wants South Florida to be more like Manhattan
Some of Florida’s most prominent names gathered at an oceanfront Palm Beach mansion this month to raise money for a…
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Southwest’s earnings are so bad it’s leaving 4 airports—and considering scrapping its open-seating plan
Following lackluster earnings, Southwest is ready to make drastic changes to get back on course. Southwest CEO Bob Jordan said…
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Commercial tax-prep companies lost out on $5 billion in fees thanks to IRS’ direct file, government says
The IRS said Friday that more than 140,000 taxpayers filed their taxes through its new direct file pilot program and…
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U.S. birth rates drop 2% as economy, career gets in women’s way
The economy is hitting younger generations—hard. Millennials and Gen Zers face sky-high mortgage rates, soaring home prices and inflation, and…
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Meta’s investors are worried about the billions it’s spending on AI—but its advertising empire makes it a positive, Deutsche Bank says
Meta is betting the farm on AI, and it’s alarming its investors. In its earnings report Wednesday, CEO Mark Zuckerberg…
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