Business / Fortune ·
Xero CEO: Why America’s entrepreneurship boom is only half the story
Right now, we’re flying blind on owner outcomes.
Business
VCs, funding, deals, markets and the economy behind tech.
Business / Fortune ·
‘Like being hit between the eyes with a sledgehammer’: Meet the one town in America that defied election trends and voted in favor of data centers
Harwood, North Dakota residents voted against an initiative calling for a slowdown in industrial developments like AI data centers.
Business / Fortune ·
The lame-duck session gives Congress an opportunity to act on the national debt: $40 trillion is just the tip of the iceberg
Something has to change. But what can be done?
Business / Fortune ·
A new group of senators from both parties will vote on how to save Social Security. Here’s what they’ve said about it
From taxing higher earners to changing the retirement age, incoming lawmakers have offered different approaches to the funding gap.
Business / Fortune ·
Mark Zuckerberg’s fortune tops $200 billion. His 3 daughters won’t inherit most of it
The Meta CEO and Priscilla Chan pledged 99% of their shares in a 2015 letter to their newborn. Those shares were worth $45 billion then; his fortune now tops $200 billion.
Business / Fortune ·
He went from washing lab equipment for $10 an hour to leading a $30 billion healthcare company. His advice to Gen Z: Raise your hand
Dexcom CEO Jake Leach says the secret to getting ahead isn't asking for a promotion—it's becoming the person willing to take on what others won't.
Business / Fortune ·
A ‘geologic freak’ called the Smackover may end America’s lithium dependence on China, and Big Oil is already there
Standard Lithium, EnergyX, Exxon and Chevron are betting direct lithium extraction can turn the Smackover into a domestic supply hub and cut the U.S. reliance on China.
Business / TechCrunch ·
Sequoia shutting down its Scouts program marks the end of an era
Sequoia pioneered the scouts model and many VC firms followed suit, but a consensus now seems to be forming that the model has reached limits in its current form.
Business / Fortune ·
Elon Musk once said the Cybertruck would be Tesla’s ‘best product ever.’ Now he’s winding down production
Cybertruck sales fell 48% between 2024 and 2025, according to an estimate by Cox Automotive’s Kelley Blue Book.
Business / Fortune ·
The midterms didn’t stop the AI buildout. They simply repriced it—and OpenAI is already promising to pay up
Two days after voters rejected data centers almost everywhere, OpenAI pledged to cover its own power bills and post financial guarantees.
Business / Fortune ·
Democrats just won control of Georgia Power’s regulator for the first time in 30 years — and its OpenAI data center contract was entirely redacted
Beginning in January, three of the five officials on the Georgia Public Service Commission will be Democrats.
Business / Fortune ·
‘Everyone knows why we lost,’ JD Vance points to the Iran war — which has already cost at least $38 billion and 19 American lives
During the summer, the U.S. and Iran agreed to an initial 14-point memorandum of understanding that, if finalized, could have brought a permanent end to the hostilities.
Business / Fortune ·
Gen Z voters broke for Democrats 66% to 31% in the midterms — and the Iran war cracked their top three issues
Overall, 27% of young people – meaning people ages 18 to 29 – went to the polls during the midterms, our Nov. 5 analysis shows.
Business / Fortune ·
Gas was pricier on this Election Day than any before it — up almost 40% to $4.15 a gallon since the Iran war began
Right before 1974's midterm election, Gerald Ford launched the “Whip Inflation Now,” campaign. But Republicans lost 48 House seats and five Senate seats.
Business / Fortune ·
Florida voters nearly tripled the homeowner tax break — blowing an $11.8 billion hole in county budgets
This translates to a 30% reduction in revenue for Florida counties and a 13% cut for smaller municipal governments.
Business / Fortune ·
A WhatsApp channel called Lula’s Army grew from 50,000 to more than 10 million subscribers as Brazil’s president staged a historic comeback
He erased the deficit and won the all-important runoff election by more than 3.5 percentage points – more than 4 million votes.
Business / Fortune ·
Ferrari’s Luce was ridiculed as a ‘Magic Mouse on wheels.’ Now the EV is sold out for 2027, and buyers haven’t even driven it yet
Even Ferrari’s former chairman warned the EV risked destroying the reputation of the brand.
Business / Crunchbase News ·
The Week’s 10 Biggest Funding Rounds: AI, Defense And Space Tech Lead For Large Rounds
This week brought another plethora of large funding rounds for startups and growth-stage companies. Shield AI, a defense tech player focused on autonomy and virtual simulations, secured the largest financing, bringing in $2 billion. Next on the list was drone delivery provider Zipline International,…
Business / Fortune ·
A dead French philosopher who lived through World War II and the Cold War offers an eerie warning about the age of AI
In a safety test run by the company Anthropic, its own AI agent blackmailed an engineer to avoid being shut down.
Business / Fortune ·
Nebraska voters block measures to legalize online sports betting, rejecting a campaign’s promise of $166 million in property tax relief
Nebraska voters narrowly rejected to legalize mobile sports betting in the state.
Business / Fortune ·
Voters in Silicon Valley rejected the billionaire wealth tax while those in Los Angeles and San Francisco—home to the two top AI companies—wanted it
"A 'no' vote doesn't mean similar measures won’t ever be implemented."
Business / Fortune ·
Trump admitted the Iran war and gas prices hurt Republicans. It was his version of the identity politics that cost Democrats 2024
Trump admitted on election night the war hurt Republicans. Gas is up 40% since it began, and tariffs cost families $1,000 a year.
Business / Fortune ·
OpenAI wants to win over data-center opponents by calling them ‘compute campuses’ and promising local benefits
“A campus implies a university, not a warehouse,” says veteran brand strategist Allen Adamson of OpenAI’s new pitch to communities.
Business / Fortune ·
Nearly two-thirds of 2021’s top 100 altcoins have lost more than 90%, CoinMarketCap data shows
Research CoinMarketCap shared with Fortune shows the median losing altcoin issued about 50% more tokens while the market cut its value by 95%.