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In the wake of a January Chapter 11 bankruptcy filing from Saks Global, owner of Saks Fifth Avenue and Neiman Marcus, the luxury retailer has begun to close a number of stores across its portfolio of brands. Last month, for instance, the company announced the shuttering of many of its outlet stores. But now, the Saks Global has announced the closure of some of its high-end department stores, for which the company is famous. Here’s what you need to know. What’s happened? According to a court document filed this week with the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, Saks Global has decided to close nine of its luxury department …

The biggest accounting firm in the U.S. just announced a major structural reset: PricewaterhouseCoopers (PwC) will now only hire new associates in its advisory division to work out of 13 offices, down from 72. Yolanda Seals-Coffield, chief people and inclusion officer for PwC US, confirmed the decision to Business Insider, explaining that the move aims to foster a sense of community among workers. “The idea is that we want to bring people together in a connected way for those first couple of years,” Seals-Coffield said. “You may start in Atlanta and then say, ‘Great, I’ve got my two years of experience. I want to go work in Alabama, which is where I’m from and w…

You might think the most important amenities a hotel could provide would be a comfortable bed and a friendly concierge. For workers looking to shake up their WFH routine, though, a lightning-fast internet connection and electrical outlets aplenty may top that list. The chicer cousin of the coworking space, a hotel lobby is no longer a place to simply check in or out: It’s an often overlooked third space in major cities, where guests and remote workers alike can mingle, relax, and get work done. Kayla Terzi is a recent convert. The hospitality real estate broker used to bounce around different cafés while working remotely in New York City—that is, until she discov…

It looks like ordinary paint, but a new coating called Lilypad Paint has a hidden ability to pull moisture out of the air. It works like a dehumidifier, without the energy use. If it’s on the wall in your bathroom, it can suck water vapor out of the air after you’ve taken a shower. The paint holds the humidity in nano-size pores, and then slowly releases it as humidity levels fall in the room. Under the paint, a layer of custom primer “acts like a smart gatekeeper ensuring that vapor doesn’t end up accumulating in the wall,” says Derek Stein, founder and CEO of Adept Materials, the startup behind the product. A passive fix for moisture in modern buildings The t…

When the iPhone first introduced apps in 2008, a feverish gold rush followed. New APIs and design standards made it easier to make software—even by non-coders. The question became: Could you create a small experience, perhaps something as simple as a fart button app, that could make you a million dollars in a weekend? (And while some people definitely cashed in, a majority of us did not.) Nearly two decades later, the rest of us have another opportunity to rethink mobile software. We’ve entered the era of vibe coding—in which complex software can be generated with nothing but plain language prompts. Now, rather than offer developers the tools to make the next hit …

An Idaho-based beef processing facility is recalling about 22,912 pounds of raw ground beef over concerns that the products might be contaminated with E. coli O145. The company, CS Beef Packers in Kuna, issued the recall following testing by the U.S. Department of Agriculture’s (USDA) Food Safety and Inspection Service (FSIS), according to a recall notice published late Wednesday. An FSIS test at a “downstream customer” showed E. coli O415. This strand of the bacteria is a variation of Shiga toxin-producing E. coli (STEC). The USDA has labeled the recalled products as high risk, with the potential to cause adverse health consequences or even death. Here’s wh…

This morning, shares of two of the largest computer memory companies that trade on U.S. markets are up yet again. The stock prices of Micron Technology, Inc. (Nasdaq: MU) and Sandisk Corporation (Nasdaq: SNDK) rose after a Japanese memory firm issued a surprising outlook. Here’s what you need to know. Stock prices jump as demand continues Shares in several memory chip makers traded on U.S. markets are currently up in premarket trading this morning. The companies include Micron and Sandisk, as well as Western Digital Corporation (Nasdaq: WDC) and Seagate Technology Holdings (Nasdaq: STX). As of this writing, Micron shares are currently up 2.9%, Sandisk…

Want to use Discord from next month? You’ll have to hand over a photo of your ID or a scan of your face to verify you’re of age. It’s part of a new process introduced by the chat app aimed at ensuring no one underage is using the platform. All new and existing users, the company says, will be given a “teen-appropriate experience” by default, including content filtering and limited access to spaces that host adult content. To regain the experience they previously had, users will need to prove their age through one of several options, including video selfies or sharing a photo of an identity document. (Discord did not immediately respond to Fast Company’s request for co…

James Van Der Beek was one of the biggest stars of the late 1990s and early 2000s. His family still couldn’t afford the cost of cancer. The actor, 48, best known for his portrayal of Dawson Leery in the ’90s hit Dawson’s Creek, died Wednesday. Van Der Beek’s passing comes a little more than a year after he announced on social media that he was battling colorectal cancer, which he was diagnosed with in 2023. And while the actor and father’s untimely death is undeniably tragic, there’s another heartbreaking piece of the story to be told. His family was desperately struggling to afford the cost of his cancer treatment. Despite Van Der Beek’s successful career, w…

Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week via email here. Is ‘AI slop’ code here to stay? A few months ago I wrote about the dark side of vibe coding tools: they often generate code that introduces bugs or security vulnerabilities that surface later. They can solve an immediate problem while making a codebase harder to maintain over time. It’s true that more developers are using AI coding assistants, and using them more frequently and for more tasks. But many seem to be weighing the time saved today against the cleanup they may face tomor…

Stellantis, the maker of Chrysler, Dodge, Jeep, Ram, issued a “do not drive” warning for certain late-model vehicles, telling drivers not to use their vehicles until defective air bags are replaced, according to a notice from the National Highway Traffic Safety Administration (NHTSA). This stop-drive directive was issued for 225,000 U.S. vehicles from 2003 to 2016 that contain the “defective, deadly” Takata airbag inflators, and is part of a larger, ongoing recall. More than 67 million Takata air bags have been recalled in tens of millions of vehicles across U.S. “Over time, the chemical propellant inside certain Takata inflators can degrade, particularly in hot a…

Hello again, and welcome back to Fast Company’s Plugged In. A February 9 blog post about AI, titled “Something Big Is Happening,” rocketed around the web this week in a way that reminded me of the golden age of the blogosphere. Everyone seemed to be talking about it—though as was often true back in the day, its virality was fueled by a powerful cocktail of adoration and scorn. Reactions ranged from “Send this to everyone you care about” to “I don’t buy this at all.” The author, Matt Shumer (who shared his post on X the following day), is the CEO of a startup called OthersideAI. He explained he was addressing it to “my family, my friends, the people I care about wh…

If you are dealing with an employee or colleague who consistently underperforms and makes excuses, it can be extremely frustrating. When someone underperforms it not only slows down team progress and lowers the quality of work, but also forces others to take on extra tasks. This increases the workload for the rest of the team, which often means more stress and potential burnout for those left picking up the load. It can also create a sense of unfairness and lead to conflicts among team members due to the uneven distribution of effort and responsibility. For managers, handling underperformance adds extra work as well, taking up valuable time and energy that could be sp…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Economic forecasting has never been easy, and it becomes even more challenging in the face of unprecedented events like COVID-19 lockdowns and extraordinary levels of fiscal and monetary intervention. This was followed by a rapid cycle of interest rate hikes, adding further complexity. Look no further than the fact that for three consecutive years (2022, 2023, and 2024) economic forecasts at large significantly underestimated mortgage rates. Recently, however, forecasters have fared better. Among the 17 mortgage rate forecasts rounded up by ResiClub …

Here’s the sad truth about sports score apps: Most of them aren’t all that interested in actually telling you the score. After all, where’s the money in providing straightforward information like that? The modern sports score app has to do more. It must bombard you with banner ads and betting odds, implore you to create an account and opt into notifications, sell you some tickets, and show some videos to keep engagement up. The scores themselves are an afterthought. Fortunately, there’s an alternative that tells you the outcomes of every major sporting event without distractions. And the same sort of resources are available to bring minimalist magic to your ne…

Below, Brad Stulberg shares five key insights from his new book, The Way of Excellence: A Guide to True Greatness and Deep Satisfaction in a Chaotic World. Brad is on faculty at the University of Michigan. He is a performance coach and regularly contributes pieces about sustainable excellence to the New York Times. His work has also been featured in The Wall Street Journal and The Atlantic, among many other outlets. He serves as co-host of the podcast excellence, actually. What’s the big idea? What if excellence isn’t about winning, talent, or perfect conditions? Lasting performance and real fulfillment live in our curiosity, resilience, and love of the process…

Tax filing season is in full swing, and while preparing your taxes can often be filled with stress, misplaced documents, and worries about proper filing, this year, there may be a silver lining. According to analysts, many Americans may get larger refunds in 2026 due to The President’s 2025 One Big Beautiful Bill legislation. Last year, the average refund was $3,167, but, given there are a number of new changes and deductions, experts say many Americans are looking to get back an additional $1,000 or more. Overall, that could come out to around $90 billion more dollars in tax returns. Here are the biggest changes that could boost your tax refund this year: No tax…

Do women board members make a company more innovative or risk-averse? The answer is both, according to our recent study. It all depends on how the company performs relative to its goals. Professors Małgorzata Smulowitz, Didier Cossin and I examined 524 S&P 1500 companies from 1999 to 2016, measuring innovation through patent activity. Patents reflect both creative output and risk-taking. They require significant investment in novel ideas that might fail, disclosure of proprietary information and substantial legal costs. In short, patents represent genuine bets on the future. Our findings revealed a striking pattern. When companies performed poorly in relation …

I’ll admit it: I still secretly prefer cooking on a gas stove despite knowing that I’m breathing in benzene and adding to methane emissions. What can I say, I like the tactile control of an open flame. But recently I tested an induction range that made my gas stove seem antiquated. Charlie, from the Bay Area-based startup Copper, offers a high-end range that can do everything I expect from my current stove—and more. The appliance, which started to roll out nationally last year, has been called “the Tesla of induction stoves” by The New York Times and lauded by chefs including Christopher Kimball. I wanted to try it out as a home cook with only basic skills. An…

Corey duBrowa spent much of his career advising some of the world’s most scrutinized leaders—from Marc Benioff at Salesforce to Sundar Pichai at Google. Now, as CEO of global communications firm Burson, he’s helping executives navigate a charged marketplace shaped by AI disruption, ICE activity, and nonstop reputational risk. He explains why reputation remains one of the most powerful (and most misunderstood) assets in business, and how leaders should decide whether, when, and how to speak up. This is an abridged transcript of an interview from Rapid Response, hosted by former Fast Company editor-in-chief Robert Safian. From the team behind the Masters of Scalepodcast…

The 2026 Milan-Cortino Winter Olympics is set to debut a new sport: ski mountaineering, also known as skimo. Over the course of two days at the Stelvio Ski Centre located in Bormio, Italy, 36 athletes will compete in three main events: men’s sprints, women’s sprints, and mixed relay. The race is part endurance and speed, as typical skimo competitions feature athletes racing against each other as they ascend uphill with support of climbing skins before skiing downhill. The Winter Olympics version, however, differs in format. This version compresses the competition into a roughly three-minute race. Each leg of a skimo race requires its own specialized equipment. …

Can AI help neurodivergent adults connect with each other? That’s the bet of a new social network called Synchrony, which believes AI and a well-designed social network with the right safeguards can reduce social atomization and calm the overwhelming cacophony of socializing online. Launching February 19, the social network debuts during a moment when social media, chatbots, and doomscrolling has made digital communications a hot button topic for parents. “No other app for the neurodiverse is focusing primarily on reducing social anxiety and encouraging friendship,” says cofounder Jamie Pastrano. “I think that’s the biggest piece of it, and no other app is focusing on…

The annual NFL tradition of firing the head coach as the season ends continues. This year, 10 top coaches got the axe, a staggering 31% of all NFL coaches. And they include football legends like John Harbaugh, after 18 seasons with the Baltimore Ravens, and Sean McDermott, who took the Buffalo Bills to the playoffs in eight out of nine seasons. Firing the head coach—just like firing the CEO in the business world—is the easy answer, and it looks good in the media: decisive, forward-looking, taking action. But, most times, this act alone falls short of fixing the problems that contributed to an organization’s failures. PART OF A SYSTEM In reality, the CEO is part…

The Reese’s brand just took a hit from an unlikely source: the descendant of its founder. In 1919, H.B. Reese created his eponymous candy company. In 1928, he invented the flagship peanut butter cups that would define his brand, and in 1963, his sons sold the company to The Hershey Co. Now, H.B. Reese’s grandson Brad Reese is standing up for his grandpa’s original recipe, alleging that Hershey has replaced a portion of Reese’s Peanut Butter Cups’ key ingredients with lower-quality alternatives. Reese addressed Hershey via a LinkedIn post on Valentine’s Day that has since gone viral, claiming that the company now uses “compound coatings” instead of milk chocolate, …

In a rapidly evolving financial landscape, technology is transforming how money moves—making payments of tomorrow faster, smarter, and easier than ever before. Consider this snapshot of the near future: You’re in a taxi on the other side of the world. You pay your driver with the same digital wallet you use at home, and he receives the money in his wallet linked to the local instant payments network. He’s set a rule in his bank app—“send 30% of every payout to my family back home”—and funds are converted immediately to a third currency and delivered to relatives in a country thousands of miles away. Nobody needs to download a new app or think about payment methods…