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Finally, some good news. Amid widespread reports of retail closure after closure, a new report on retail market dynamics from the real estate services company JLL outlines the sectors that are leading openings so far in 2026. Restaurants and discount dollar stores lead the way, with Dollar Tree opening 400 new stores and Starbucks opening 175. The growth across these industries is promising, even as other areas are still facing closures in the first quarter of 2026. But the same thing happened last year, with early 2025 closures evening out by the end of the year. Even as store closures continue to create vacancies, other tenants are quick to move into th…

Twelve years ago BuzzFeed Inc reportedly valued itself at almost $1 billion, scaring off rumored interest from the Walt Disney Company. Fast-forward to this week and BuzzFeed is selling a controlling stake to Allen Family Digital for $120 million—$100 million of which isn’t due for five years. Allen Family Digital, associated with Byron Allen, will control about 52% of BuzzFeed’s outstanding shares at $3 each. BuzzFeed’s shares were up more than 101% to over $1.49 on Tuesday morning. The stock has been trading at under a dollar a share for most of this year. What the deal means for BuzzFeed As part of the deal, BuzzFeed CEO and founder Jonah Peretti …

When the history of the internet is written, the story of Digg might be one of its most fascinating chapters. The site that established the template later popularized by Reddit has ebbed in and out of relevance for much of its existence. Two months ago, it shut down. Now it’s back once again, and it wants to keep users up to speed on the fast-growing world of artificial intelligence. Like an overly determined game of whack-a-mole, the Digg website is live once more, with a headline reading “Hello Again” on its home page and a new mission statement. “The bet is simple: the internet has more noise than ever, and the people who can sort signal from it have never …

Amazon can deliver anything—including, increasingly, eyeballs to advertisers. And now, its upcoming slate of content, including an adaptation of the best-selling novel Fourth Wing and a list of young adult content, is sure to have advertisers excited. The e-commerce giant held its annual Upfront event at the Beacon Theater in New York City on Monday night, showcasing new TV shows, movies, sports, and podcasting content destined for its Prime Video streaming platform and podcasting platforms. While there were big names in attendance—the event included appearances by Oprah Winfrey, Chris Pratt, Arnold Schwarzenegger, and Michael B. Jordan, among others—what stole th…

In a trial featuring a clash between Elon Musk and OpenAI CEO Sam Altman, neither of the tech titans has emerged as an overly sympathetic character. But nobody has more to lose than Altman, who is expected to take the stand this week to defend himself. Already, testimony about Altman’s turbulent tenure at the ChatGPT maker has become prime fodder for internet jokes. One piece of evidence that has inspired countless memes was a text exchange between Altman and a company officer, Mira Murati, in 2023 during his short-lived ouster as CEO, when Altman asked if things were moving “directionally good or bad” and she wrote back: “Sam this is very bad.” Musk, the world’s riches…

Prebiotic soda brand Poppi has come a long way since it first appeared on Shark Tank under its original name, “Mother Beverage,” in 2018. Allison Ellsworth cofounded Poppi with her husband Stephen Ellsworth—but before becoming multimillionaires, though, the Ellsworths were maxing out their credit cards to launch Poppi. “My husband told me I was absolutely crazy, but he trusted the vision,” Ellsworth said. “So we maxed out our credit cards, sold one of our cars to buy bottles [and] opened our own manufacturing facility.” The pair invested $90,000 into the business in the first year, while her husband worked various gigs to cover their mortgage. In 18 months of…

I mowed a lot of lawns and cleaned a lot of gutters as a kid, but my first consistent job was delivering newspapers. Today that sounds quaint, but it was a rite of passage back in the day. I grew up in Chevy Chase, Maryland, just outside Washington, D.C., raised primarily by my mom and in the most modest house of anyone I knew. She used to say we were never poor– we just didn’t have a lot of money. So at age 15 when I heard that a Washington Post delivery route paid $100/month, I jumped at the chance. This was the Post in its prime, not long after its reporting on the Watergate scandal made the paper famous. Every home in the area had a subscription. Politicians, …

Oops, it happened again. A celebrity was asked what they think about artificial intelligence and, after sharing their reflections, received intense blowback on social media. The latest such case is Demi Moore, who is currently serving on the jury for the Cannes Film Festival. At a May 12 press conference meant to introduce the broader film event, Moore was asked by a journalist about AI, its impact on Hollywood, and potential regulation. “I always feel ‘againstness’ breeds ‘againstness.’ AI is here,” Moore responded, clearly thinking on the spot. Rather than fight a “losing” battle, Moore suggested that artists figure out how to “work with” the technology. This, s…

There are many ways to measure the success of CompanyCam, a Lincoln, Nebraska-based startup unicorn that popularized a photo-focused construction tracking app that’s become popular within the roofing industry. But one of the clearest signs that its design, utility, and functionality are hitting the mark is the variety of users the app continues to attract. There are shipbuilders who use it to track how vessels are built and to certify the strength of a hull. Retail merchandisers love the ability to showcase product setups and track subcontractors. Property managers use it to oversee buildings. “We have some aestheticians—which I think our terms of service say th…

Retail giant Walmart Inc has confirmed that it will eliminate some jobs. However, the affected positions will not impact the company’s retail staff, which makes up the overwhelming majority of its 1.6 million-strong U.S. workforce. Here’s what you need to know about Walmart’s latest round of layoffs. What’s happened? On Tuesday, the Wall Street Journal reported that Walmart would lay off or relocate around 1,000 members of its corporate workforce, citing people familiar with the situation. Walmart has now confirmed to Fast Company that it is eliminating some roles, without specifying the exact number of positions to be cut. A company spokesperson provided …

At my latest networking “meeting” with my bro Alex — also known as a free lunch with a marketing executive who still has a job and a corporate card — we talked about freelance opportunities that might be coming up. We talked about who was hiring, who claimed they were hiring, and which companies were pretending that “lean teams” were somehow a point of pride instead of a warning sign. As we were wrapping up, Alex asked about my runway. “How much longer do you have on unemployment?” he asked, while signing the check. “I never filed for unemployment,” I said. Alex looked at me the way people look at you when you say you’re Team Aubrey. “What do you mean…

Since 1946, the Festival de Cannes (a.k.a. the Cannes Film Festival) in France has been a beacon of cinematic excellence and cultural exchange. For those who love the Academy Awards, films such as Parasite and Anora debuted here first before taking home an Oscar. This year promises to continue this worthy legacy despite fewer American entries than normal. Here’s everything you need to know as the festivities kick off this week. How did the Cannes Film Festival begin? In July 1938, a Nazi propaganda film helped inspire Philippe Erlanger to create a new film festival. He was one of many who were displeased that Leni Riefenstahl’s Olympia and Goffredo Alessandrin…

It’s time to stop calling Gen Z the youngest generation in the workforce. Gen Alpha has entered the chat. Although the oldest Gen Alphas have only just hit their teen years, they are deeply financially motivated and ready to be put to work. If you happen to be living with a Gen Alpha who seems strangely fixated on earning their own money—or who is obsessed with brands and products—you know that we’re raising a generation of hustlers (even if they’re just hustling us). But new data from public relations and marketing firm DKC is shedding even more light on the financial intrigue behind Gen Alpha. The firm surveyed 1,000 parents of 8- to 15-year-olds about their chi…

Whether it’s giving you workout plans or summarizing your sleep, AI has hit fitness apps hard. In the race to add artificial intelligence features to everything from your music playlists to your weather app, the fitness world has also become flooded with new AI-powered services promising to take your workouts to the next level. Earlier this year, Strava launched Athlete Intelligence, which uses generative AI to create summaries of users’ activities, offering neat little roundups of things like heart rate and pace during runs, bike rides, or walks. Whoop AI, powered by none other than Sam Altman’s OpenAI, leverages biometric data to offer recommendations meant to …

Americans paid more for their groceries last month, but high gasoline prices resulting from the Iran war were only one of the reasons why. Prices for food eaten at home rose 2.9% in April compared to the same month a year earlier, according to government figures released Tuesday. That was the highest year-over-year inflation rate for the category since August 2023. Prices at restaurants, fast-food chains and other places to get prepared meals also increased, putting overall food prices up 3.2% in the last year, the Labor Department’s consumer price index showed. Fuel prices have soared while the Iran war prevents cargo ships from passing through the Strait of Hormuz, a…

The Wendy’s Company could go private if billionaire Nelson Peltz has anything to say about it. The Trian Fund Management cofounder is looking for outside investors to help with a takeover of Wendy’s, the Financial Times reports. The news isn’t exactly surprising—in February, Trian used its regulatory filing to announce it might sell its stake or attempt a takeover of Wendy’s. Peltz and Trian currently own a 16% stake in Wendy’s, along with the Peltz family’s minority stake in a New York-area Wendy’s franchise owner. Peltz’s son, Bradley Peltz, and Trian cofounder and president Peter May are also on the board of Wendy’s. Fast Company reached out to Trian and W…

Anthropic has just announced Claude Design, a tool that lets teams generate and iterate visual design outputs through natural-language prompts. On the surface, it’s hard not to like the proposition: competent layout and typography on demand, fewer blank-page moments and faster shipping for everything from landing pages to pitch decks. When it comes to typography, it will make design faster, easier and cheaper. The problem is that it also makes design more likely to converge, because it defaults to what works: what’s legible, familiar and proven. In other words: safe, usable, generic. That genericness isn’t just an aesthetic issue. It reduces recognition, makes bra…

Does the high price of gas have you considering a hybrid for your next vehicle? We don’t blame you, especially if you drive a lot. Fortunately, there are lots of hybrids to choose from, and many don’t cost much more than their non-hybrid counterparts. But to recoup the extra cost of a hybrid the quickest and start saving money, we don’t recommend purchasing just any hybrid. The car experts at Edmunds outline four tips that will give you the tools you need to find a hybrid that will maximize your savings. Aim for hybrids with the shortest payback periods New hybrids typically cost more than similar gas-only vehicles, so aim for a hybrid that doesn’t cost much more t…

Multiple reports this week revealed that General Motors is cutting hundreds of jobs in its IT department—but not with the intent to replace them outright with AI. The layoffs are reportedly impacting about 600 employees, or about 10% of the IT team, and the job cuts are partly designed to allow the company to bring on new employees with specific AI skills. General Motors has confirmed the layoffs and suggested they were part of a broader change to its IT operations. “GM is transforming its Information Technology organization to better position the company for the future,” a company spokesperson said in a statement. “As part of that work, we have made the difficult de…

When SpaceX filed an FCC application earlier this year proposing to launch a million satellite data centers into orbit, the company argued the project would have no meaningful environmental impact. On SpaceX’s website, Elon Musk made the case for space-based AI infrastructure in simpler terms: “It’s always sunny in space,” he wrote, arguing that orbital data centers are “obviously the only way to scale.” When SpaceX filed an FCC application earlier this year to launch a million satellite data centers into space, the company said that the plan wouldn’t have any environmental impact. But researchers say the climate calculus is far more complicated than that. Yes…

The closest thing to the idealized mall you recall either from personal memory or from cultural lore exists on a block in the Soho neighborhood of New York City, New York Magazine aptly dubbed “Tween Row.” On a recent spring afternoon, tween girls outfitted in cable knit cardigans, pink camis, hoodies, and lowrise jeans, chatted with each other (or their willing parents) as they popped into favorite shops: Brandy Melville, Edikted, Princess Polly. As of May 14, Tween Row will get a new tenant jockeying for their attention: Victoria’s Secret’s Pink. The store, the first designed by creative director Adam Selman, points to the retail experiences Gen Z and Gen Alph…

While a lot of folks embrace the futuristic vibe of autonomous cars, two veteran mobility entrepreneurs quickly spotted a looming chokepoint in their scaling efforts. The robotaxi industry desperately needs a faster, more streamlined way to service its fleets if it hopes to become profitable. George Kalligeros, a Greek car enthusiast and former Tesla engineer, and the British business strategist Dan Keene were all too aware of new mobility infrastructure. They’d navigated similar logistics with their London startup Pushme Bikes, a massive battery-swapping network for shared e-scooters & e-bikes that raised $600 million before selling to Germany’s Tier Mobility in 2020…

When Luis von Ahn, Duolingo’s CEO, sent an internal memo about AI last year, he didn’t expect it to go viral—or to ignite a firestorm about the future of work. Now he unpacks what he got right, what he got wrong, and what the backlash taught him about the real limitations of AI. It’s a candid reckoning with hype, growth, and the surprisingly complicated promise of technology in education. This is an abridged transcript of an interview from Rapid Response, hosted by the former editor-in-chief of Fast Company, Bob Safian. From the team behind the Masters of Scale podcast, Rapid Response features candid conversations with today’s top business leaders navigating real-time…