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Fortune 1 year ago
A 35-year-old Chinese man has been tagged as the alleged mastermind behind a gargantuan botnet used to steal billions from zombie computers image The arrested administrator, Yunhe Wang, sold access to the 19 million Windows computers he hijacked—more than 613,000 in the U.S.
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Fortune 1 year ago
Economic optimism belongs to the wealthy and for some mysterious reason the young, according to new data from The Conference Board image The elite's confidence is closely tied to the stock markets, but what makes young people optimistic is confounding, according to data from The Conference Board.
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Fortune 1 year ago
Abercrombie’s blowout comeback isn’t just a harbinger for an early aughts craze—it's leading the renaissance for iconic mall-based brands image The retailer once known for toned models and low-rise jeans just notched $1 billion in sales—its best first quarter in the history of the company.
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Fortune 1 year ago
A British sci-fi writer correctly predicted almost everything about modern living 60 years ago, from AI to remote work image “It will be possible—perhaps only 50 years from now—for a man to conduct his business from Tahiti or Bali just as well as he could from London,” Arthur C. Clarke, author of "2001: A Space Odyssey," said.
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Fortune 1 year ago
Jamie Dimon says government spending has been 'so extraordinary' in the past five years he's bracing for an economy of high inflation and unemployment image "I look at the amount of fiscal and monetary stimulus that has taken place over the last five years—it has been so extraordinary, how can you tell me it won't lead to stagflation?"
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Fortune 1 year ago
A 500-year-old postal service that lost $450m last year has been bought by a Czech billionaire—it's 'as British as it gets' and customers are worried it signals the end of an era image Long state-owned, Royal Mail was privatized by the U.K.’s Conservative government in 2013 and has struggled financially.
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Fortune 1 year ago
As the EV market cools, the oil industry scorches with $250 billion in high-stakes deals and mass consolidation—'the bigger the company is, the more money they make' image What’s causing the industry’s merger surge? “The Permian Basin, the Permian Basin, and the Permian Basin,” says one CEO.
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Fortune 1 year ago
Ozempic and Wegovy are so hard to find that a startup invented a free tool for tracking whether the weight-loss drugs are in stock image The tool, from telehealth company Ro, lets users report when they find the drug in stock and when there’s a shortage.
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Fortune 1 year ago
AI will make coding skills more, not less, valuable—and it’s more important than ever for children to learn them image AI’s ability to generate base code will free up tomorrow’s programmers—kids today—to better focus on creativity and problem-solving.
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Fortune 1 year ago
Costco's new CEO reveals his winning strategy to steer the legacy retail brand into its next era—'we can’t become arrogant' image Vachris began his career as a forklift driver at Price Club, a company that would later merge with Costco.
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Fortune 1 year ago
Wracked with 'goals dysmorphia,' the vast majority of Americans don’t think they will ever be financially successful—and being a millionaire is no longer the endgame image And almost 1 in 3 say they don’t think they ever will be successful, per new Bankrate data.
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Fortune 1 year ago
Germany's aging population is dragging on its economy—all of Europe will soon be affected, and it's only going to get worse image Many European countries are facing an aging workforce—but in Germany's case, that's adding to the long list of woes dragging its economy down.