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When the federal government shutdown on October 1, it started a chain reaction of income problems for federal workers. Roughly 900,000 government employees are now on furlough. Another 700,000 are working without pay because their jobs are too critical for them to stay home. To add insult to entirely preventable injury, the current administration has indicated that it may not provide the legally mandated back pay to these workers once the shutdown is over. Considering the fact that getting another job during the furlough may require the government employee’s agency approval (and wouldn’t help critical employees working without a paycheck), the shutdown could be a pers…

Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning. Consumers will spend a whopping $27.5 billion on Valentine’s Day this year, up from $25.8 billion last year, according to the National Retail Federation. For 1-800-Flowers.com, the purveyor of candy, cards, and—yes—flowers, February 14 is a bit like its Super Bowl, with year-long…

Americans’ outlook on the job market has turned increasingly pessimistic, a surprisingly negative shift given the low unemployment rate but one that likely reflects an ongoing hiring drought. Just 28% of workers in a quarterly Gallup survey conducted late last year said now is a “good time” to find a quality job, with 72% saying it is a bad time. Those figures are a sharp reversal from just a few years ago, in mid-2022, when 70% said it was a good time. Americans have quickly gotten more pessimistic: As recently as late 2024, just under half of workers still said it was a good time to search for a job. The current survey was conducted during the final three months of 20…

Next week’s conclave to elect the successor to Pope Francis as leader of the world’s 1.4 billion Catholics is a solemn affair steeped in centuries-old traditions. But far from the Sistine Chapel where cloistered cardinals will cast votes, people are placing bets on who will be chosen as the next pope. From cash bets on websites to online games modeled after fantasy football leagues and casual wagers among friends and families, the popularity of guessing and gambling on the future of the papacy is increasing worldwide, experts and participants say. It’s even topped the Europa League soccer tournament and Formula One drivers’ championship, said Sam Eaton, U.K. manager for…

Online betting is more accessible than ever, with 14% of U.S. adults saying they bet on professional or college sports online either frequently or occasionally, according to a February poll by The Associated Press-NORC Center for Public Affairs Research. It’s also in the news, with a growing list of sports betting scandals making headlines. Public health advocates and personal finance advisers say it’s important to know the risks if you’re going to gamble online. “Gambling and ‘responsibly’ seem to be oxymoronic, because if you’re gambling it’s all about risk,” said Caleb Silver, editor in chief of personal finance site Investopedia. “But people still do it. Online gamb…

GameStop is providing details on a new compensation package for CEO Ryan Cohen that is dependent on him meeting certain “significant” performance targets. The video game retailer said in a regulatory filing on Wednesday that Cohen would have to grow its market capitalization to $100 billion and it would need to hit $10 billion in cumulative performance EBITDA — or earnings before interest, taxes, depreciation and amortization — for his award to fully vest. GameStop said Cohen won’t receive any guaranteed pay, which it defines as no salary, no cash bonuses, and no stock that simply vests over time. “His compensation is entirely ‘at-risk,’ meaning he will only b…

Shares of GameStop fell more than 15% on Thursday after the company’s plan to finance its bitcoin pivot raised questions about the timing of its move and its strategy to turn around its struggling retail business. The video game retailer’s shares also gave up all their gains from a day earlier and were on track for their biggest one-day fall since last June, after the company said it was offering $1.3 billion in 0% 2030 convertible bonds to amass the cryptocurrency. The company’s announcement that it would buy bitcoin to hold as a treasury reserve asset had created a mini euphoria among retail traders, who keenly track the so-called “meme stock.” However, Game…

2026 is already shaping up to be a brutal year for GameStop (NYSE: GME) stores. This month, nearly 500 locations have been marked for closure. The shutterings come as GameStop’s CEO Ryan Cohen doubled down on the company and bought another half a million shares in GME stock. Here’s what you need to know. GameStop is closing hundreds more stores Over the past year, it seems that GameStop has had one primary focus: reducing costs by shuttering stores. At the beginning of 2025, the video game chain had around 2,325 locations in the United States. But by December, it had shuttered 590 of them. The same month, the company announced plans to close a “significant numb…

GameStop Corp. is forging ahead with efforts to reduce its physical footprint in the first weeks of 2026. The video game retailer is closing stores in numerous states this month, according to local media reports, and emails and store signage shared by customers on social media, part of its ongoing effort to reduce costs and adapt to changes in shopping habits. The closures are not completely unexpected. In its third-quarter earnings report on December 9, GameStop said it had already closed 590 stores in the United States during the previous fiscal year as part of a “store portfolio optimization review.” In a December filing to the Securities and Exchange Comm…

If brands want to reach the shoppers of the future, they’ll need to meet them where they already are: playing video games. For this youngest generation, the coolest places to hang out aren’t the local mall or park but inside virtual worlds. While Millennials had Sega Mega Drives and Mario Kart, and Gen Z grew up on The Sims and Angry Birds, Gen Alpha — born between 2010 and 2024 and still under 17 — is coming of age in a world even more seamlessly integrated with technology. Gaming is no longer fringe culture; it’s where they socialize. Analysts at investment bank UBS recently found that while older generations still spend about two more hours per week on social p…

If there’s one thing worse than having to assemble a PowerPoint presentation, it’s being forced to sit through an achingly dull one conducted by someone else. So what if there were a better option—a way anyone, regardless of skill, could create a sleek and actually engaging slideshow that looks like a professional designer had a hand in it? If you ask Grant Lee, we’ve already reached the point where that’s possible. And it doesn’t end with presentations. Lee is the founder of an AI-centric startup called Gamma. You may not have heard of it yet, but 50 million people have—and are already using the service. That’s led the scrappy, 30-person company to reach a mi…

Ian Yang saw a business opportunity sitting on the table of a restaurant. In the darkness of the room, a small portable light meant to make it easier to read a menu jumped out to him as just the kind of product his lighting company, Gantri, should be making. The challenge was that these common restaurant lights are all wireless. “They’re very dim, they’re very small, they’re not really fully fledged, like residential full-power products,” Yang says. But, he thought, they could be. That instinct led to three new wireless lighting product lines being released this week by Gantri, alongside a new digital manufacturing platform that will make it easier for other d…

I’m not one for binaries, but it’s likely you’re either aware of Gap’s 2025 comeback tour, or you have a healthy amount of screen time. For those of us who aren’t full luddite teen (aspirational), I’m here to tell you that Gap is continuing its play to cement its place among the fashion set—and cultural domination—in 2026. We’re seeing this with Gap’s announcement today of a new Spring collection kicking off a multi-season partnership with Victoria Beckham, bringing clean lines and refined classics that harken from the designer’s British sensibilities to the eponymous American brand. The 38-piece line of wardrobe staples will be available online and in select global G…

Gap stock is plummeting this morning in early trading after the company reported its fourth-quarter results after the bell yesterday. As of this writing, shares of Gap Inc. (NYSE: GAP) are down more than 12%, and its recent temporary store closures are partly to blame for that. Here’s what you need to know. Gap’s Q4 2025 results The iconic retail chain turns 56 this year, and during its long life, it has seen its fair share of ups and downs. The company’s name-brand Gap stores were an iconic mall staple in the 80s and 90s, but in the early 21st century, the brand faced growing competition from online rivals and shifting brand loyalties among Gen Z—something the com…

Fashion collaborations are nothing new, but 2025 felt like a year particularly stuffed with branding matchups. There’s a reason why this might be happening. “Online platforms have become crowded, [there are] rapidly accelerating trend cycles, [and] it’s become more challenging than ever for brands to stand out,” Cassandra Napoli, a head culture forecaster at WGSN, says. Collaborations continue to be a unique and important tool for marketing and maintaining cultural relevance. The best lead to attention-grabbing virality, as was the case with Nike x Skims’ first drop, Sandy Liang x Gap, and Willy Chavarria x Adidas. “Collaborations have become so important because …

Getting a seat at the Masters is notoriously difficult, with tickets to the golf tournament only available to the public through an online lottery that has to be entered a year in advance. But the Masters may have an even more exclusive offering than attendance: a limited edition garden gnome potentially worth thousands of dollars. In 2016, Augusta National, the Georgia golf course that hosts the Masters every year, released the first gnome of what is now a coveted set of ten. Each year, the gnome sports a different outfit. Sometimes it’s a golfer, sporting a set of clubs and a sweater vest. Sometimes it’s an attendee, flexing its badge and a signature Masters snack l…

Gary Vaynerchuk prides himself on being ahead of the curve. As the chairman of communications company VaynerX and the cofounder of Resy, not to mention an angel investor in brands like Twitter, Facebook, Uber, and Venmo, he knows a thing or two about trends in business. And in a new interview with CBS Mornings, he shared what he thinks is to blame for consumer burnout: not advertisers, social media, or even consumers themselves—but modern parenting. “I think that parenting needs to be called out of the last 40 years,” Vaynerchuk said. “I believe that the burnout, the insecurity, all the stuff we talk about, I believe the reason we’re buying more stuff is, we’re using …

As the Super Bowl clock ticked just below three minutes left in the game, Eagles wide receivers A.J. Brown and DeVonta Smith picked up the giant Gatorade cooler, snuck behind head coach Nick Sirianni on the sideline, and hit him with the traditional shower celebration. It was probably one of the best ads of the Super Bowl, and it wasn’t even a commercial. And yet, it still told a story about how close the ties are between this brand and one of the most significant moments in sports. This year, Gatorade celebrates its 60th anniversary since Dr. James Cade first concocted his formula to keep the Florida Gators football team hydrated. Gatorade chief brand of…

Sixty years after it invented sports drinks, Gatorade is making a surprising pivot: It’s no longer focusing primarily on athletes. PepsiCo, Gatorade’s parent company, said Thursday that the brand wants to broaden its reach to non-athletes who are looking for ways to hydrate, whether they’re on a long flight, going for a walk or nursing a hangover. New packaging highlights the specific ways Gatorade’s various drinks and powders work and the research behind them. The change reflects U.S. consumers’ booming interest in beverages with perceived health benefits. Jack Doggett, a food and drink analyst with the consulting firm Mintel, said his research indicates 60% of consume…