Latest Reporting by Fortune
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Apple CEO John Ternus started Tuesday. His $55 million award starts next year
Apple has announced that CEO John Ternus will receive a $55 million equity award starting in 2025, with 75% of the annual target tied to the company's performance relative to the S&P 500. The award will not be granted until fiscal year 2027. The structure links executive compensation directly to shareholder returns.
This compensation structure signals Apple's commitment to aligning CEO incentives with long-term shareholder value and market performance.
California lawmakers stall Newsom’s wildfire liability bill, saying it doesn’t go far enough for victims
California lawmakers have blocked Governor Gavin Newsom's proposal to address liability for wildfires caused by utilities, citing concerns that the measure does not adequately protect victims. The bill's failure leaves unresolved the financial burden among victims, utility companies, insurers, and consumers. The debate highlights ongoing challenges in balancing accountability and economic impact in wildfire-prone regions.
FBI seizes over $560,000 in crypto meant to fund Hamas, disrupting a years-long fundraising network
The operation also gave authorities information about thousands of people who contacted Hamas seeking to donate money.
From a Singapore airport soundtrack to new AI-powered PCs, HP is looking for a new rhythm in Asia
HP recently launched Garage 2.0, a startup accelerator, in Singapore as it tries to revive its business for the AI age.
Chevron is expanding in Venezuela as Trump pushes U.S. oil companies back into the country with 65 billion barrels up for grabs
Chevron is the only major U.S. oil company still operating in Venezuela, nearly two decades after the country’s oil industry was nationalized.
House votes 370-48 to fund the government through mid-December, avoiding a shutdown before the midterms, but it still awaits Trump’s signature
The House passed the bill by a vote of 370-48, now it just needs President Donald Trump to sign it.
OpenAI to limit release of its Astra model due to hacking concerns
OpenAI announced plans to restrict the release of its Astra model, citing concerns over potential hacking risks. The decision follows a recent security breach at Hugging Face and reflects OpenAI's focus on demonstrating its cybersecurity measures to clients.
Mark Cuban bought a $25 million mansion sight unseen—and got it for 50% off. His secret? ‘The best guaranteed return on investment’
Billionaire Mark Cuban purchased a $25 million mansion without visiting it in person, securing a 50% discount on the property. He justified the decision by framing it as a high-return investment opportunity. The transaction highlights unconventional approaches to real estate purchases among wealthy individuals.
The Pentagon is giving 3 million military and civilian workers access to ChatGPT and Grok through a secure AI platform built for ‘warfighter needs’
The rollout expands the Pentagon’s GenAI.mil platform beyond Gemini as it pushes AI deeper into everyday military work.
IKEA is spending $1.4 billion to cut prices, joining Walmart and Target in a race to win back shoppers
The Swedish retailer joins a growing list of companies lowering prices to help cash-strapped consumers
OpenAI’s reports on its AI agents’ attack on Hugging Face should be ringing alarm bells—and making all companies rethink how they secure AI agents
Using AI to monitor agents' "chain of thought" may be insufficient. Access control and monitoring behavior, just as with human employees, is key.
A crypto fantasy platform has left the Premier League tangled in a $13.5 million U.K. criminal probe
UK authorities have launched a criminal investigation into a crypto-related platform after a $13.5 million payment was deposited into a Premier League bank account. The probe focuses on the source and legitimacy of the funds, raising concerns about financial compliance in the sports industry.
Bank of America vice president identified as victim in random Times Square stabbing
Erin Piacenti, a 32‑year‑old Bank of America vice president, was fatally stabbed in a random attack in Times Square. The assailant, who has a documented mental‑health history, also injured a second stranger. The incident occurred in a busy public area and resulted in Piacenti’s death.
Once a champion for physical media, Sony is now telling PlayStation customers they don’t actually own the digital video games they paid $70 for
A class action lawsuit filed in June alleges the PlayStation maker did not properly disclose that paying for a downloadable game is different than owning it.
A new bill would tax AI tokens to fund jobs if the technology causes mass unemployment
Revenue from a proposed excise tax would fund housing construction, infrastructure, child care and elder care as automation spreads.
War knocked Dubai’s airport traffic down 31%. Its CEO says its global hub ambitions haven’t changed
Dubai’s global aviation hub credentials have been stress-tested by the Iran war this year. While geopolitical volatility prevails, the speed of its operational recovery suggests those risks may not be sufficient to alter the emirate’s long-term role in global business.
Apple’s new CEO John Ternus once told Gen Z to ‘never assume’ they know as much as others—he says it’s the mindset hack that will push you forward
Apple CEO John Ternus shared the mindset hack that steered his 25-year career at the $4.6 trillion tech giant: "Assume you’re as smart as anyone else."
EY is dangling bonuses of up to $25,000 for workers who prove their human skills still matter in the age of AI
EY is betting on human skills like judgment and adaptability, offering workers cash awards of up to $25,000 as AI transforms accounting.
‘We anticipate miles of the pipeline being destroyed’: Roughly 40% of the Grand Canyon’s critical infrastructure damaged from flash floods
According to Grand Canyon hiker and river runner Tom Martin, "the park has hauled water" in tanker trucks.
‘Pentagon right now is, in some cases, rudderless’: Army Secretary Dan Driscoll steps down after just 18 months
Rhode Island Senator and former Army officer Jack Reed said Secretary Hegseth is "cultivating a culture where dissent is punished."
