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Seeking a flatter management structure is a leadership trend you could compare to fashion’s craze for skinny jeans—trendy yesterday, forgotten tomorrow, then back in fashion again before you know it. Recently, big tech firms like Meta, Microsoft, and Google made headlines for cutting management positions to lower costs and increase productivity—turning some of their workloads over to AI tools. But a new survey from San Francisco-based workplace communications outfit Firstup shows that eliminating too many management jobs can have some unexpected effects on the way your teams work, sometimes damaging employee engagement, which undermines productivity. This is definitel…

After a record-setting rally over the past week, commodities traders went all in on a massive gold sell-off on Tuesday. The price of the precious metal fell down to $4,118 an ounce, after a high of $4,381.52 an ounce just one day before. Meanwhile, silver is trading at $48.76 an ounce in midday trading at the time of this writing, down from $54.35 last week. At the time of this writing, the live gold spot price for an ounce of gold in U.S. dollars (USD) is $4,133.13, a gram of gold is $132.88 and one kilogram of gold is $132,883.22, according to JM Bullion.(Gold spot price can fluctuate by the second.) For some context, that means gold prices have decreased the mo…

My friend turned to me the other day with a sly smirk and whispered, “Are you also part of Group 7?” I shook my head, unsure of what she meant—feeling left out of whatever secret club she was referring to. It didn’t take long for the algorithm to catch up with me. Within a few hours, my For You Page on TikTok was flooded, and before I knew it, I, too, was officially part of the internet’s newest inside joke. “Group 7” began as a simple experiment by musician Sophia James, who wanted to promote her new song So Unfair—and experiment with the quirky nature of TikTok’s algorithm. TikTok’s For You Page, or FYP, described by the Guardian as “uncannily good at predi…

Taylor Swift is an economic force all on her own. The superstar’s relationship with Kansas City Chiefs tight end Travis Kelce brought not only eyeballs to his games but a monetary boost to the city overall. Thanks to her Eras tour, Swifties spent an estimated $5 billion across the country. And most recently, she spurred fans to give more than $2 million in donations to the Monterey Bay Aquarium’s sea otter program—just by wearing an old t-shirt. Earlier this month, Swift launched her “The Official Release Party of a Showgirl” movie, an 89-minute film tied to the release of her latest album. It was only shown in theaters for three days. Eagle-eyed fans notice…

OpenAI has released a new web browser, the company’s latest bid to become consumers’ chief gateway to the web. The new browser, called ChatGPT Atlas, will initially be available on macOS on the desktop. Versions for Windows, iOS, and Android are coming soon, OpenAI says. OpenAI worked hard to build as many AI-driven features into Atlas as possible. For example, Atlas learns the user’s browsing history and, in some cases, can make content suggestions proactively. OpenAI CEO Sam Altman suggested that this first version of the browser is just the start, pledging to add “way more stuff that we will tell you about later” and adding that the company “can take thi…

The Coca-Cola Co. said sales of premium beverages and mini cans helped boost its third-quarter results despite tepid demand in the U.S. and elsewhere. The Atlanta beverage giant said Tuesday it continues to see a divergence among consumers in North America and Europe, with higher-income buyers opting for its more expensive brands like Smartwater, Topo Chico, and Fairlife, while middle- and lower-income consumers are under more pressure. Henrique Braun, Coke’s chief operating officer, said the company has focused on affordability by shrinking package sizes and leaning into sales of mini cans. Earlier this month, Coke announced it will sell individual, 7.5-ounce min…

Robert Redford’s legacy and mission were always going to be a key component of the 2026 Sundance Film Festival, which will be the last of its kind in Park City, Utah. But in the wake of his death in Septemberat age 89, those ideas took on a new significance. This January, the institute that Redford founded over 40 years ago, plans to honor his career and impact with and a screening of his first truly independent film, the 1969 sports drama “Downhill Racer,” and a series of legacy screenings of restored Sundance gems from “Little Miss Sunshine” to “House Party,” festival organizers said Tuesday. “As we were thinking about how best to honor Mr. Redford’s legacy, it’…

JPMorgan Chase unveiled its new 60-story headquarters to the public on Monday, one of the first major office buildings to be constructed after the COVID-19 pandemic and one that will remake the New York City skyline for decades. The bronze and steel tower at 270 Park, which reportedly cost $3 billion, replaced the Union Carbide Building, which sat on a full city block at 48th Street and Park Avenue for nearly 60 years. JPMorgan expects to house roughly 10,000 of its 24,000 New York-based employees in the new building, with employees starting their first workday at the tower at the same time as the company holds its ribbon cutting ceremony. “For 225 years, JPMorgan…

Warner Bros. Discovery, the parent company of CNN and HBO, announced Tuesday that it is up for sale after receiving unsolicited interest from multiple potential buyers. The news adds a new wrinkle to an already-planned shakeup at the media giant. In June, WBD announced plans to cleave the company into two separate publicly traded companies. The company’s streaming and studio brands—which include HBO, HBO Max, Warner Bros. Pictures, and New Line Cinema—would be part of Warner Bros., while Discovery Global would oversee its cable networks that include CNN, TNT Sports, and Discovery. Though it’s not abandoning plans to split the company, WBD indicated in its announce…

SpaceX has settled a lawsuit filed by the maker of the popular party game Cards Against Humanity over accusations that Elon Musk’s rocket company trespassed and damaged a plot of land the card company owns in Texas. Texas court records show a settlement was reached in the case last month, just weeks before a jury trial was scheduled to begin on Nov. 3. The card maker said in a statement Monday that it could not disclose the terms, and SpaceX did not return email and telephone messages left with the company and its Texas lawyer seeking comment. Cards Against Humanity, which is headquartered in Chicago, originally purchased the plot of land in 2017 as part of what i…

For most people, it’s natural to assume that if something is exclusive to the wealthiest echelons of society, it must be better. Asset management firms looking to access trillions of “retail” investor dollars explicitly reference this exclusivity when marketing private equity offerings. But investors should be wary when fund marketers talk about “democratizing investing” or opening access to areas previously only available to the elite. Reasons to be wary Investing is already democratized. The SEC eliminated fixed trading commissions in 1975, and innovation has made investing in publicly traded stocks cheaper and easier ever since. Online trading platforms allow pe…

Twitter/X has a unique problem. After the departure of users following Elon Musk’s takeover of the social media site (and again following his short stint with the The President administration), the site has a surplus of unused user names. Now it’s looking to capitalize on that. The company has opened a waitlist for what it’s calling the “handle marketplace,” where it will sell abandoned and inactive usernames. But there’s a slight catch: To make a bid for one, you’ll likely need to be a Premium+ or Premium Business subscriber to the site. Some handles will be effectively free, included in the cost of the subscription. But for “rare” handles, X is warning users…

On a scorching hot Saturday in San Antonio, dozens of teachers traded a day off for a glimpse of the future. The topic of the day’s workshop: enhancing instruction with artificial intelligence. After marveling as AI graded classwork instantly and turned lesson plans into podcasts or online storybooks, one high school English teacher raised a concern that was on the minds of many: “Are we going to be replaced with AI?” That remains to be seen. But for the nation’s 4 million teachers to stay relevant and help students use the technology wisely, teachers unions have forged an unlikely partnership with the world’s largest technology companies. The two groups don’t always se…

Can a UX change bring traffic back to X? The social network previously known as Twitter is hoping an update to its in-app browser will boost links on the timeline and lure back publishers and creators who’ve grown ambivalent to a site that doesn’t drive clicks like it used to. X head of product Nikita Bier wrote in a post Sunday that a new link experience that will first be tested out on iOS is intended to “make it easier for your followers to engage with your post while browsing links.” Currently, users who click links on X are taken to an in-app browser that takes up the full screen. Under the update, which Bier shared in a demo video, clicking on a link ins…

Love it or hate it, iOS 26 brought the most radical software redesign to the iPhone in over a decade. The company’s new design language, Liquid Glass, mimics how light in the real world warps and transforms when passing through physical glass. Many iPhone users find Liquid Glass refreshing, fun, and technically impressive. Detractors of the new design say Liquid Glass’s myriad transparent toolbars and other UI elements, which let the content behind them bleed through, make iOS 26 harder to navigate than its predecessors. Regardless of where you stand, Liquid Glass isn’t going away. Yet, if you fall into the latter camp and find the new design element distracting, …

Culture change is a big topic—and a big consulting business. When I Googled “culture change consulting business,” three of top five (non-sponsored) responses were Bain, BCG, and McKinsey (in that order). Because changing culture is a prominent issue for executives—and often a very frustrating one—I decided to tackle it in this Playing to Win/Practitioner Insights (PTW/PI) called Culture Change Strategy: Three Rules for Making Change Happen. And as always, you can find all the previous PTW/PI here. The culture change consulting pitches It was fun to take a quick look at the culture change pitches of Bain, BCG, and McKinsey. Bain’s was aspirational: “Culture is b…

Crypto heavyweight Coinbase said on Tuesday it has bought investment platform Echo in a nearly $375 million cash-and-stock deal, aiming to bring fundraising tools to its platform. Dealmaking within the digital assets industry has picked up pace this year as a crypto-friendly The President administration encourages companies to expand their business in the U.S. Last week, cryptocurrency exchange Kraken unveiled a $100 million deal for futures exchange Small Exchange, paving the way to launch a fully U.S.-based derivatives suite. Echo’s platform makes raising capital and investing more accessible to the crypto community through private and public token sales. …

General Motors lifted its financial outlook for the year and slightly lowered its expected hit from tariffs, as the automaker awaits expected relief on tariffs in the U.S. while confronting a weakening market for electric vehicles. The company now expects its annual adjusted core profit to be between $12.0 billion to $13.0 billion, compared with its prior estimate of $10.0 billion to $12.5 billion. The Detroit automaker said tariffs would hit its bottom line less than anticipated, lowering its updated impact to a range of $3.5 billion to $4.5 billion, from a previous $4 billion to $5 billion. Shares rose about 8% in premarket trading. GM’s outlook hike lifted cros…

Disney+ and Hulu subscription cancellations rose during the month that ABC briefly cancelled “Jimmy Kimmel Live!,” according to data from subscription analytics company Antenna. Walt Disney Co. owns the streaming platforms and ABC. ABC pulled the show off the air for less than a week in September in the wake of criticism over his comments related the killing of conservative activist Charlie Kirk. Antenna estimates total cancellations in September were 4.1 million for Hulu and 3 million for Disney+. The “churn rate,” or the percentage of customers that cancel their subscriptions in a specific month, jumped from 5% in August to 10% in September for Hulu. That figure jumpe…

A major Amazon Web Services outage disrupted scores of online platforms on Monday — leaving people around the world unable to access some banks, chatting apps, online food ordering and more. History shows these kinds of system outages can be short-lived, and are often minor inconveniences — such as placing a lunch order in person or waiting a few hours for a gaming platform to come back online — than long-term problems, but recovery can be a bumpy road. And for people trying to move money, communicate with loved ones or work using impacted services, disruptions are especially stressful. Consumers may not realize how many platforms they use rely on the same back-end tech…

The White House on Monday started tearing down part of the East Wing, the traditional base of operations for the first lady, to build President Donald The President’s $250 million ballroom despite lacking approval for construction from the federal agency that oversees such projects. Dramatic photos of the demolition work showed construction equipment tearing into the East Wing façade and windows and other building parts in tatters on the ground. Some reporters watched from a park near the Treasury Department, which is next to the East Wing. The President announced the start of construction in a social media post and referenced the work while hosting 2025 college basebal…

Shares in GSI Technology, Inc. (Nasdaq: GSIT) are soaring for the second day in a row. The company, which specializes in semiconductor memory solutions, saw its stock price skyrocket 155% yesterday. Today, GSIT shares are up another 39% in premarket trading as of the time of this writing. But why? Here’s what you need to know. What is GSI? GSI Technology is a provider of semiconductor memory solutions. That means it specializes in developing memory chips and products that help process data. Though the company isn’t as well-known as the bigger semiconductor memory solutions giants like Micron or Intel, it has been a staple of the semiconductor industr…

Brian Chesky, the CEO of Airbnb, still admires Facebook. Not the Facebook of today, but the Facebook circa 2005. When it pretty much just told you someone’s birthday and let you poke ’em. “It would still be a great product!” exclaims Chesky. “We’re not going to be that company [making it], but there’s still a need for it.” But while Chesky doesn’t want to build Facebook 2.0, he is laying the groundwork for Airbnb to become something much closer to a social network. Airbnb’s fall updates launching today are but the first steps in a significant reframe of the experience of using Airbnb—one that is moving it closer to social networking, and another that embeds i…

Yelp users looking to learn more about restaurants, businesses, and other locations on the platform can now get information from an AI-powered Yelp Assistant. When logged-in users on Yelp’s iOS and Android apps visit particular business pages, they can now ask specific questions ranging from where to park to whether a restaurant offers vegan options. The answers are generated based on facts from reviews posted on Yelp, information provided to the platform by businesses, and businesses’ own websites, with relevant sections and even photos from Yelp reviews highlighted in the AI response. The assistant also provides a list of suggested questions to ask about a particul…

Though many companies are still in the early days of AI adoption, one thing is clear: Many of our interactions—between employees and even organizations—are already being carried out entirely by agentic technology. As this trend increases, the need for leaders to keep humanity at the core of their businesses is critical. That’s why this year’s annual meeting of the Fast Company Impact Council was centered on the theme of “Maintaining a Human Touch in a Digital World.” In May, 123 of the Impact Council’s 422 members gathered in New Canaan, Connecticut, at the 80-acre headquarters of humanitarian nonprofit Grace Farms. In panels and roundtables held across the organizati…