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Shares of mortgage giants Fannie Mae (FNMA) and Freddie Mac (FMCC) saw huge price surges early Monday after hedge fund manager Bill Ackman posted about the two stocks on social media. “Some of the highest quality businesses in the world are trading at extremely cheap prices. Ignore the MSM. One of the most one-sided wars in history that will end well for the U.S. and the world. And we have the potential for a large peace dividend. One of the best times in a long time to buy quality. Ignore the bears,” Ackman wrote in a Sunday night post on X. “And Fannie and Freddie are stupidly cheap. Asymmetry at its best. They could be a 10X and it could happen soon.” It was th…

Gen Z founders may not have spent as much time in the workplace when they started their companies as some older founders. But in some ways, that gives them unique insight that can be valuable for leaders. For Katie Diasti and Anam Lakhani, a disconnect from the work they were doing as interns has helped to shape their leadership style. Specifically, those experiences inspired them to ensure that all of their team members feel a sense of both ownership and impact for the work they’re doing. “I remember interning and creating a whole deck and making a whole presentation, but never being allowed to be in the room that the presentation was in,” recalled Diasti, found…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Florida’s particularly intense overheating during the Pandemic Housing Boom is the key reason for its downside pricing vulnerability. While U.S. home prices rose +41% between March 2020 and June 2022, Florida home prices surged +51% over the same period—leaving some parts of the state significantly overvalued. Only, it takes a large enough shift in the supply-demand equilibrium for that vulnerability to manifest into falling prices. Of course, over the past three years, 5 factors have come together to create a supply-demand equilibrium shift large en…

A pair of landmark court cases found Meta and YouTube guilty last week of harming young users by designing algorithms that were addictive and led to mental health distress. The damages assessed against the companies amounted to a fraction of a percent of their annual earnings. The long-term implications, however, could be far more significant. The rulings found that programmed algorithms are not protected by Section 230, the federal law that shields social media companies from liability for user-posted content. That represents a crack in a legal defense these companies have relied on for years. And thousands of similar cases are already pending. Section 230 has be…

The silhouette could not change. This was the main parameter guiding the designers and engineers at KitchenAid as they set out to upgrade one of the brand’s hero product, the stand mixer. Used by amateur and professional bakers for more than 70 years, the classic stand mixer is a staple of the kitchen appliance world, and much of its staying power has to do with the consistency of the product, which has changed remarkably little in all that time. Most notably, the mixer’s bowl-hugging form factor has defined it since the start. So when the company decided to integrate some new features and functions into an updated version of the mixer—the Artisan Plus Stand Mixer…

At last, after seven months of public beta testing, Turntable is available today in the latest release of Adobe Illustrator. Presented at the 2024 edition of the Adobe Max conference as a sneak preview, the tool uses generative AI to transform any 2D vector illustration into a 3D object that you can turn around its vertical axis, as if it were on a clay modeling turntable. When it came out, its magicks left every Illustrator user cheering. If you have ever used Illustrator to craft a vector illustration—from a logo design to an animation character—it’s understandable why people were so excited. “The idea for Turntable originated from a consistent theme we heard direct…

Fast Company is extending its application deadline for Best Workplaces for Innovators 2026 to Friday, April 3 at 11:59 p.m. Pacific Time. This marks the eighth year Fast Company will be recognizing companies and organizations from around the world that most effectively empower employees at all levels to improve processes, create new products, or invent whole new ways of doing business. In addition to ranking the world’s Best Workplaces for Innovators, we will also recognize companies in 19 different categories. What differentiates Best Workplaces for Innovators from existing best-places-to-work lists is that it goes beyond benefits, competitive compensation, a…

Farmers around the world are feeling the squeeze of the Iran war. Gas prices have shot up and fertilizer supplies are waning due to Tehran’s near shutdown of the Strait of Hormuz in retaliation for U.S. and Israeli bombing. The fertilizer shortage is putting the livelihood of farmers in developing countries — already troubled by rising temperatures and erratic weather systems — further at risk, and could lead to people everywhere paying more for food. The poorest farmers in the Northern Hemisphere rely on fertilizer imports from the Gulf, and the shortage comes just as planting season begins, said Carl Skau, deputy executive director of the World Food Program. “In the …

Your favorite spot for slow-cooked riblets might be cooked. A number of Applebee’s Neighborhood Grill + Bar restaurants have closed their doors in the wake of mounting financial distress and declining foot traffic, according to a recent bankruptcy filing. The 10 shuttered stores, located in Florida and Georgia, are all owned by an Atlanta-based Applebee’s franchisee that last week became the latest regional restaurateur to seek Chapter 11 protection. The list of impacted locations includes long-standing Applebee’s restaurants near top tourist destinations such as SeaWorld, Walt Disney World, and the Daytona International Speedway. Most of the locations w…

Making the move to management is not for every employee, yet many think it’s the only option for climbing the ladder. There’s an art to coaching individual contributors who either want to take that step, or offering a promotion to someone you think is ready. It’s important to approach this not just as an opportunity, but a teachable moment. We asked our Fast Company Impact Council members how they coach team members to make this move and got much wise counsel in return. Their ideas might improve how you approach this with your employees. 1. TRUST YOUR PEOPLE I tell them I am trusting them, and in turn, they need to trust their people. Trust is giving someone an ass…

For 60 years, people have read Warren Buffett’s annual Berkshire Hathaway shareholder letters to gain insights into his investment philosophies. Every year, thousands convened at Berkshire Hathaway’s annual meeting to gain insights from Buffett and his partner, the late Charlie Munger. Buffett has also done countless interviews over the years. Winnowing all that advice down to four items isn’t an easy task, but this is my attempt. Here’s Buffett on leadership, focus, the best investment you can make, and the true meaning of success. Buffett on leadership What model does Buffett use for managing people? A baseball batboy. As Buffett wrote in his 2002 sha…

Toxic bosses are not only a “people issue.” They are a balance-sheet issue, a culture issue, and a reputational issue. And if you are a CEO, founder, or a leader trying to build something lasting, you cannot afford to treat them as background noise. Here’s the truth: a single toxic boss can kill psychological safety, drain creativity, spike turnover, and teach your next generation of leaders that fear is an acceptable management tool. I’ve spent 25 years in organizational psychology, watching this pattern repeat across industries, including tech and other high-growth environments. I’ve also conducted interviews and surveys across North America to dig deep into the…

There’s a pigeon pitcher on the dining table. A large burl wood button mounted on the wall as art. A doormat in the shape of an apple. Emma Chamberlain, one of Gen Z’s most influential tastemakers, has designed a 100-piece collection for West Elm that spans furniture, textiles, and decor. It’s full of elegant pieces including a velvet sofa, a round wooden dining table, and cabinets wrapped in cream lacquer. But woven into this lush aesthetic are kitschy little details meant to feel like thrift shop finds. It’s a collaboration that offers a glimpse into what today’s twenty-somethings are looking for as they outfit their first homes. Three years ago, when Chamberlain was 21…

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. If you want a glimpse of the future of business, I recommend spending a few hours with Steven Bartlett, entrepreneur, investor, and host of the The Diary of a CEO podcast. I did just that earlier this month, when I interviewed Bartlett alongside PwC partners at a series of Daily D…

In a 1944 issue of Arts & Architecture magazine, the architect and designer Charles Eames sounded an alarm. “It has been estimated that one million five hundred thousand houses each year for a period of 10 years will be needed to relieve the urgent housing problem of this country,” he wrote. “The enormity of such a need cannot even be partially satisfied by building techniques as we have known and used them in the past. Large scale industry would seem to be the only logical means by which we can achieve an enterprise of such proportion.” Throughout their careers, Charles and Ray Eames explored how industrial production could impact home building, most famously th…

The gas station convenience chain Buc-ee’s is known for selling a slew of logo-ed merch to its devoted brand fans. And increasingly, it’s also known for aggressive trademark enforcement, suing competitors, apparel brands, and small businesses over logos, mascots, and even names it argues are too close to its signature smiling beaver. Most recently, Buc-ee’s, which has locations across the South, has gone after Ohio chain Mickey’s for its mascot logo, a cartoon moose, a move greeted with some skepticism. After all, as one skeptical commentator noted: “A beaver is not a moose.” Fair enough. But as the Texas-based chain grows, such lawsuits—often focused on cartoon anima…

The promise of AI was always that it would handle certain kinds of work so we could focus on others. It was going to free our time, reduce friction, and let us concentrate on what requires human judgment and creativity. That promise assumed we would divide the labor wisely. That we would hand off the operational drag—the scheduling, formatting, and summarizing that eats the day before we’ve had a chance to think. We would keep the cognitive friction—the hard work of wrestling with ambiguity, forming a point of view, and figuring out the right approach. The work where your value is actually made. Instead we handed over the thinking first. Because cognitive friction…

When a global financial services firm sought Sam’s guidance, the problem seemed familiar. The firm had deployed AI tools across its business. Adoption was uneven, and the gap between teams was growing. In some corners of the organization, people were already using AI to draft client materials, summarize research, and speed up analysis. In others, they avoided it entirely: unsure what was permitted, worried about quality, or skeptical that leadership really meant it. Managers were fielding questions they weren’t equipped to answer. If my team uses AI, what changes in our standards? What happens to accountability? The leadership team quickly realized the problem was…

Some of us old-timers fondly remember the satisfying clickity-clack of a physical smartphone keyboard. Back when email was king and multi-paragraph arguments on social networks were few and far between. Well, if you’re someone who longs for the days of firing off missives at breakneck speed, I’ve got good news: The physical keyboard is experiencing a renaissance, and it’s looking like it’s not just a nostalgic gimmick. Yes, hardware keyboards are officially making a comeback, and there are a few devices leading the charge that you’ll definitely want to keep an eye on. Unihertz Titan 2 Elite Now, Unihertz is no stranger to this market. The company already ma…

Call it chic or call it cringe: Clothing that bears the name of a city near or far has become a closet staple for many consumers in recent years. Once mostly reserved for impulse purchases from kitschy tourist shops while traveling, now clothing with the name of far-off places is just as likely to be purchased at home. Consider the iconic “I love New York” tee, a favored souvenir for nearly 50 years. Gone are the days when you would need to brave the Times Square crowds to get one. You can buy a similar-looking version from Walmart for less than $10 or an embroidered crewneck version for $380 from Lingua Franca. Clothing makers and consumers alike are seeming…