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If you own a house, your insurance premiums have probably surged over the last several years. A new report outlines how much worse it could get as climate disasters keep growing: In Florida, for example, the insurance cost for an average house could go up 89% in the next 30 years. In Miami, the cost for a homeowner could go up by 322%, or an additional $11,000 a year. As you pay more for insurance, the value of your house is likely to simultaneously drop if you’re in a high-risk area. The report, from the climate risk analysis nonprofit First Street, estimates that an average house in Florida will lose around 29% of its value by the 2050s. Meanwhile, home values will …

Moments after Daniris Espinal walked into her new apartment in Brooklyn, she prayed. In ensuing nights, she would awaken and touch the walls for reassurance—finding in them a relief that turned to tears over her morning coffee. Those walls were possible through a federal program that pays rent for some 60,000 families and individuals fleeing homelessness or domestic violence. Espinal was fleeing both. But the program, Emergency Housing Vouchers, is running out of money—and quickly. Funding is expected to be used up by the end of next year, according to a letter from the U.S. Department of Housing and Urban Development and obtained by The Associated Press. That would le…

It may be winter and there may be a biting chill in the air, but the dozen men and women who have packed this small sauna room in east London are happily sweating away in their swimwear. It’s more than 90 degrees Celcius (194 Fahrenheit) in here — and it’s about to get even hotter. As ice blocks infused with lavender oil melt over sizzling hot stones, releasing fragrant steam, “sauna master” Oliver Beryl turns on some ambient music and starts to vigorously wave a towel in a circular motion above his head to spread overpowering waves of dry heat around the room. “Now try finding someone and sit back to back with them,” Beryl suggests. “Or, if you want, maintain…

Rebecca Yarros’s romantasy novel Onyx Storm stormed the book charts in January, becoming the fastest-selling adult novel in 20 years. Indeed, demand for romance content—in books, on screens, and on TikTok—has grown exponentially in recent years. Enter audio erotica company Quinn. Founded by 27-year-old Caroline Spiegel, the 6-year-old platform publishes dozens of creator-driven, female-centric erotic audio stories each week. Creators, who write and perform the audio, receive a portion of the app’s subscription fees ($4.99 per month or $47.99 per year) based on user engagement. To date, Spiegel has raised $10 million from venture capital firms and investors such as Ent…

Congratulations! You’ve just closed a funding round or hit a major milestone in your company’s journey. Now, it’s time to share this exciting moment with the world. As a founder or company leader, you know how important it is to communicate major news to investors, partners, customers, and other stakeholders. But the steps you take when developing your communications strategy can make or break its true impact. Here is your communications playbook for developing a well-planned strategy that ensures your next milestone attracts the attention of media, employees, partners, and those who matter most. 1. Establish your North Star. As a first order of business, y…

Working abroad might be just what your career—and personal life—needs. It exposes you (and loved ones) to new, different, and potentially more fulfilling ways of living. It expands your worldview. And it builds skills and a reputation that can serve you well in your field down the road. Marissa Andrada, who’s managed people operations for dispersed teams at major organizations including Kate Spade, Starbucks, Red Bull, and Universal Studios, recalls one American employee she convinced to take on a role in Hong Kong running human resources for the Asia-Pacific region. When the woman returned to the states after her assignment was over, she quickly moved up to manage g…

It was a fun moment to be online. When the news broke on May 8 that Pope Francis’s successor would be the first-ever American to hold the sacred position—and a Chicagoan, no less—social media erupted with celebration and Windy City-specific memes. Within days, some of those memes had morphed into t-shirts for sale. As the conversation around Pope Leo XIV quickly spread to his environmentalist leanings and political opinions, though, the wellspring of unauthorized merchandise spread far beyond novelty shirts that read “Da Pope.” What has flourished in the days since is a broader pope economy that spans clothing, memorabilia, food, tourism, and more—both in the U.S. and…

There are a few workplace topics that consistently bring out strong feelings, and performance reviews is at the top of that list. While most people would agree that it’s a good thing to have a tool to measure how employees are doing at their jobs, and a time for managers to discuss career advancement, very few seem to think that the way performance reviews are currently set up is working. In fact, a Gallup survey last year found that only 2% of human resource officers at major companies think their performance management system is working and just 22% of workers felt their review process was “fair and transparent.” One of the biggest complaints employees have …

The Fast Company Impact Council is a private membership community of influential leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual membership dues for access to peer learning and thought leadership opportunities, events and more. As an amateur historian, I can say with certainty that technology has never embedded itself into society as rapidly as it has in the last decade. Today’s consumer relationship with technology is complicated and multifaceted—understanding that intersection is at the heart of everything we do as a company, and personally for me as Verizon’s Consumer CEO. Given our focus on the…

The new year isn’t getting off to a great start when it comes to employment in the tech industry. Tech giant Salesforce is reportedly getting ready to cut 1,000 roles at the company. The expected job cuts are just the latest in a line of layoffs already initiated by well-known companies in the technology sector, including Amazon, Meta, and Microsoft. Here’s what you need to know. Salesforce to reportedly lay off over 1,000 employees Today, Bloomberg reported that Salesforce, the world’s top customer relationship management software company, will be cutting more than 1,000 positions at the company. The news came from an unnamed source and was not an official announc…

Andrew Brodsky is a management professor at McCombs School of Business at the University of Texas at Austin. He is also CEO of Ping Group and has received numerous awards, including being chosen by Poets & Quants as one of the Best 40-Under-40 MBA Professors of 2023. What’s the big idea? Instant messaging, email, video calls, and other digital tools have largely replaced in-person communication for most workplaces. We have all become virtual communicators, and with this comes a new set of rules for interpersonal success. The PING framework distills best practices for optimal outcomes when relying on technology to communicate. Below, Andrew shares five key i…

Three decades before TikTok’s obsession with tinned fish brought us sea-cuterie boards, tinned fish cookbooks, and trendy brands like Fishwife and Scout, there was Bela Brand Seafood. This OG tinned fish purveyor hit grocery store shelves back in 1997 with aesthetic, design-centric packaging—and now, it’s refreshing its brand identity to remind modern audiences that it took a bet on tinned fish before it was cool. Bela (formerly known as Bela Brand Seafood) was founded by native New Englander Joshua Scherz and his mom, Florence. The brand has remained family-owned since its inception, quietly growing without any funding from outside investors. But during the pandemic, Sch…

As renewable energy gathers steam around the world, the harms of mining its mineral components continue to grow. On the environmental front, for example, there’s the destruction of Indonesian rainforests to mine nickel and the draining of precious South American groundwater reserves to obtain lithium. There’s also the human toll, which can be seen in forced displacement and child labor exploitation in the cobalt-rich Democratic Republic of the Congo, as well as violence toward Indigenous people living on nickel-studded lands in the Philippines. The devastation raises the question: Is the world better off just sticking with the status quo? With these factors, is renewa…

This morning, news broke that the fast-credit fintech company Klarna has deposed its competitor Affirm as Walmart’s exclusive provider of “Buy Now, Pay Later” (BNPL) loans. Affirm stock (AFRM) dove over 10% Monday morning following the news, before regaining some of those losses. Shares are currently down around 5% as of this writing. According to a press release published this morning, Klarna will be partnering with Walmart’s majority-owned fintech startup, OnePay, “to exclusively offer installment loans for purchases at Walmart in the United States.” The partnership will be available both online and in stores, and will roll out at Walmart checkout this year. Kla…

D-Wave is about to make waves. The quantum computing firm announced on Wednesday that, for the first time, it was able to “successfully simulate the properties of magnetic materials” using its Advantage2 annealing quantum computer, which “allows us to invent and evaluate new materials without needing to build them in the lab,” D-Wave CEO Dr. Alan Baratz tells Fast Company. In effect, this means that D-Wave has achieved “quantum supremacy” on a useful problem, something it says nobody else has yet been able to accomplish, and which is detailed in a paper published on Wednesday in the journal Science. “This is a really important moment in time for the entire qu…

We live in a world that is saturated with leadership wisdom—from countless books to endless streams of think pieces—yet the gap between what leaders know and what they do is as wide as ever. The thing is, leadership transformation is hard. It takes courage to step outside the status quo. And it’s deeply human to cling to comfort and choose habit over risk. In our years of working with leaders, we’ve noticed those who succeed at continuously evolving their leadership mettle strike a balance between three impulses. To make the concept easier to grasp, we visualize each impulse as a persona: the Kid, the Scientist, and the Gardener. These personas act as a framewor…

As Fashion Week takes over New York, London, and Milan, designers aren’t just showcasing their collections on the runway—they’re taking over LinkedIn. The job-seeking platform reports a fivefold increase in live fashion show broadcasts over the past three years, with 85% of luxury brands turning to the professional social network to reach those with money to spend. LVMH and Louis Vuitton set the trend in 2019, making live fashion shows on LinkedIn the core of their engagement strategy. The move quickly paid off. After unveiling a new men’s collection in Shanghai, the brand drew nearly a million potential luxury buyers in just three days. Soon fashion powerhouses…

AI’s explosive growth depends on a backbone of vast energy-hungry, water intensive data centers, costing hundreds of billions of dollars in resources. The challenge—and opportunity—of the moment is ensuring this infrastructure scales without hollowing out long-term value. Across the U.S., states are racing to attract data center facilities with lucrative incentives. The promise is economic growth and prestige. The reality is more complicated: hidden costs borne by communities, power grids, and ecosystems. As a venture capitalist focused on hardtech and sustainability, I see this tension as both risk and opportunity. The future of AI will belong to those who reconc…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Zillow economists use an economic model known as the Zillow Market Heat Index to gauge the competitiveness of housing markets across the country. This model looks at key indicators—including home price changes, inventory levels, and days on market—to generate a score showing whether a housing market favors sellers or buyers. Higher scores point to hotter, seller-friendly metro housing markets. Lower scores signal cooler markets where buyers hold more negotiating power. According to Zillow, a score of 70 or above means it’s a “strong sellers mark…

Red Robin Gourmet Burgers is looking to close up to 70 underperforming locations, representing about 14% of the 498 restaurants that were operating as of the end of last year. The company has already closed one restaurant upon lease expiration, it said in an earnings release last week, and it plans to close three additional locations within the first quarter of 2025. Most of the 70 locations are likely to close at some point in the next five years once their leases expire, Restaurant Dive reported, with as many as 15 closing this year. This decision follows a review of the company’s operations, which revealed that these sites are not meeting performance expe…

The Super Bowl is a lot of things. NFL title game. Pop concert. Cultural institution. It’s also The Only Day People Care About Ads. That last one is worth a lot of money to the brands who decide to advertise during the big game. Back in 2000, E-Trade used its Super Bowl ad to joke about how much money it spent. A chimp hits play on a tape deck, climbs up on a lawn chair, and proceeds to clap and dance for 30 seconds. The tagline? “Well, we just wasted $2,000,000.” But how much does a Super Bowl commercial really cost? We’ve all probably seen headlines about the outrageous costs of a single 30-second spot, which, this year, is nearing about $8 million. And i…

Spring showers might bring flowers, but they can be a real hassle when you’re trying to look presentable at the office. Many of the best raincoats are made by outdoor brands, which tend to focus on utility rather than aesthetics. But a rugged jacket that is perfect for hiking through the rain can really ruin a professional look. When you’re headed to work, what you need is a jacket that is sleek and minimal, inspired by a traditional silhouette, like a trench coat or a car coat, but made from high-tech waterproof or water repellent materials. And ideally, you can find one that is so elegant that you want to reach for it throughout the spring and fall, even when …

The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual dues for access to peer learning, thought leadership opportunities, events and more. Doom-and-gloom narratives about artificial intelligence going rogue to the detriment of humans are a staple of popular culture. For some people, just say “AI,” and visions of Skynet from the Terminator movies taking over the world will instantly pop into their heads. Skepticism about AI isn’t just in the realm of science fiction, of course. As AI becomes more mainstream, legitimate concern…

Longstanding workplace issues such as mistreatment, the normalization of toxic behaviour and a lack of accountability for workplace culture have fuelled a growing trend known as revenge quitting. This phenomenon, on the rise since the 2000s, sees employees leaving their jobs not just for better opportunities, but as a form of protest and self-preservation against unfair treatment. In the past, fear of economic ruin, social stigma and valuing job stability over personal dignity kept many employees from quitting under such circumstances. However, unprecedented inequality and other geopolitical risks are causing an increase in revenge quitting and similar behaviours.…