Source: Fortune.com Summary Film producer Jason Cloth, 60, was indicted on wire fraud charges for allegedly running a $100 million Ponzi scheme. He is accused of soliciting money from investors for fi...
Source: Fortune Summary Love Island USA winners Bryce Alakai and Trinity Tatum won $100,000, which they plan to use to pay off student loans and bills, citing the challenging economy. The couple's dec...
Source: Fortune.com Summary Gen Z's spending habits are often contradictory, with a reputation for being anti-capitalist yet willing to spend money on trendy products and services. A survey by Yelp fo...
Source: Fortune Summary The price of oil has reached $92.65 per barrel, a $3.12 increase from the previous day and $19 above its price a year earlier. Oil prices are inherently unpredictable and can b...
Source: Fortune Summary Jonathan Winer's startup, Foundational Industries, has raised a $25 million seed round to build factories run entirely by AI, rather than retrofitting old assembly lines with a...
Source: Fortune Summary Meta's shares fell 10% after the company missed earnings due to ballooning costs. Revenue was up 28% from a year earlier, but operating income fell 8% and net income dropped 14...
Source: Fortune Summary Microsoft's Azure cloud business reached $100 billion in annual revenue, a 41% increase from last year. The company's quarterly revenue was $90 billion, above analyst estimates...
Source: Fortune Summary Robinhood reported record revenue of $1.31 billion in Q2, beating analyst estimates. Earnings per share also exceeded expectations, driven by growth in its Gold subscription bu...
Source: Fortune Summary Dr. Anthony Fauci, the COVID czar, appeared before the U.S. Senate's Homeland Security and Government Affairs Committee, where he took the Fifth 111 times. This comes after Sen...
