What's on Your Mind?

Stocks are drifting near their record heights on Wall Street Wednesday, while the price of gold falls again to trim more off its tremendous gain for the year. The S&P 500 slipped 0.1% in early trading and is sitting just underneath its all-time high, which was set earlier this month. The Dow Jones Industrial Average was down 65 points, or 0.1%, coming off its own record. The Nasdaq composite was 0.3% lower, as of 9:35 a.m. Eastern time. Bank stocks were holding relatively steady after Capital One Financial, Western Alliance Bancorp and others reported stronger profits for the summer than analysts expected. The report from Western Alliance was particularly welcome af…

As climate change causes increasingly severe natural disasters, it’s also increasingly threatening our art, culture, and shared history. In the recent Los Angeles wildfires, billions of dollars in fine art may have been consumed; architectural gems by Richard Neutra, Gregory Ain, and others were destroyed; and the warehouse of Belmont Music Publishing, a repository chronicling Austrian-American composer Arnold Schoenberg, was lost in what the composer’s son called “a profound cultural blow.” For museums, archives, and libraries, which often operate as nonprofits on limited budgets, meeting these increased risks poses significant financial constraints. This challenge …

The chief executive of Primark, one of Europe’s biggest fast fashion retailers, has resigned after an investigation into his behavior toward a woman in a social environment. Paul Marchant, Primark’s CEO since 2009, has apologized to the individual involved and resigned with immediate effect, the company said Monday. Shares in Primark’s parent, Associated British Foods, fell 4.9% in early trading, compared with a 0.8% drop in Britain’s benchmark stock index. Marchant “acknowledged his error of judgement and accepts that his actions fell below the standards expected by the company,” Primark said in a statement. The retailer has 451 stores in 17 countries across …

The walk sign lights up, and you’re ready to step off the curb when you hear the blare of an ambulance siren—or the sound of kids screaming, or even some leaves rustling in the wind. How do you make a sensible decision about whether it’s safe to cross the street when your brain must instantaneously juggle conflicting and related sensory information? Those decisions are made in the prefrontal cortex. One of the last areas of the brain to mature, it’s responsible for moment-to-moment reactions. And although researchers have long studied how brain cells process mixed signals, the mechanism has largely remained a mystery. Finally, new research is providing some insigh…

Last week, in an article for Fast Company, author and tech executive Rebekah Bastian wrote about why she doesn’t read productivity books. The vast majority of these books are written by men who don’t shoulder the majority of parenting duties, she says. “Like so many working women, I carry a substantial portion of the ‘second shift’ at home: cooking, homework help, bedtime routines, and general emotional support,” she writes. “The big chunk of uninterrupted time that these authors count on—whether it’s a 5 a.m. stretch of ‘sacred hours’ or a mini-sabbatical to reboot creativity—just doesn’t exist in my life. If I tried to follow their advice, I’d be setting myself up f…

AI can do a lot of things. It can write your emails. It can make your grocery list. It can even interview you for a job. But now, more and more people are depending on AI for things that require real human qualities: life coaching, therapy, even companionship. Scott Galloway, best-selling author and professor of marketing at New York University’s Stern School of Business, says the real problem with synthetic relationships is what they lack: any kind of struggle or challenge that comes with maintaining real relationships. Leaning on AI In a recent social media post, Galloway calls AI “a rabbit hole” that is “sequestering us from each other”—and while it may…

“Who am I to tell them how to make decisions?” This anxiety-induced thought played like a broken record in my head as my first leadership training event approached in my new role as a training director. Talking in front of 40 leaders, most of whom were older than my ripe old age of 30 at the time felt like the perfect opportunity for them to see right through my lack of expertise and expose me as the fraud I was. Years ago, while working at a regional bank, I was promoted from trainer to leading a training team in another department. My prior roles as a sales trainer and human resources consultant allowed me to build a company-wide reputation as an expert on compl…

Brawny just went big on bulk. The Georgia-Pacific paper towel brand introduced a new logo set in a thicker font and breathed new life into its lumberjack mascot, the Brawny Man—all as part of a shift to stand out on store shelves and launch a new product, three-ply paper towels. “We weren’t just evolving a visual identity,” Amanda Earley, Georgia-Pacific’s brand director for Brawny, tells Fast Company. “We were launching a new product, shifting our full lineup, and repositioning the brand in culture, all while protecting what made Brawny special in the first place.” Bringing all this to market at the same time was a challenge, Earley says, but necessary to achieve…

Featuring Matthew Prince, Cofounder and CEO, Cloudflare. Moderated by Brendan Vaughan, Editor in Chief, Fast Company. With a quarter of the global internet powered by Cloudflare—its network provides service to over 300 cities across more than 100 countries—the company is at the helm of delivering content and connecting millions. But as AI-powered bots grow at a prolific rate and cybersecurity risks become increasingly sophisticated, ensuring the safety of the internet requires innovative thinking. Join Cloudflare cofounder and CEO Matthew Prince for a one-on-one conversation on how the company plans to tackle the challenges of the future. View the full article

I don’t care if you own a car, SUV, minivan, pickup truck, private jet, or one of each. This essay isn’t a judgment on consumerism. It’s about how the forces shaping our automotive obsession ripple into land use policy, infrastructure funding, government subsidies, and every facet of urbanism. Once upon a time, did Americans flock to dealerships out of pure need—or were they herded by subversive forces? Was it free will or predestination? The automobile’s rise was a masterclass in what the military would call a psychological operation, a psy-op. In a flash, the “household automobile” became the “personal automobile,” thanks to advertising genius that turned utilit…

I just got back from a week on the beach. The water was crystal clear, the sky blue, and my butt was in a lounge chair all day. I certainly enjoyed myself and caught up on a ton of sleep. But did I return to work today bursting with ideas and fresh energy? If I’m honest, not really. It feels more like I left my brain sunning itself on the seaside. Meanwhile, I need to dig myself out from under a mountain of work and complete my massive back-to-school to-do list. Where did I go wrong in my vacation planning? If I was looking to maximize floating time and the amount of tasty fish I ate, nowhere. But according to psychology, as much as I enjoyed my break, I al…

Are you prepared for when the power goes out? To prevent massive wildfires in drought-prone, high-wind areas, electrical companies have begun preemptively shutting off electricity. These planned shutdowns are called public safety power shutoffs, abbreviated to PSPS, and they’re increasingly common. So far this year, we’ve seen them in Texas, New Mexico, and California. Unlike regular power failures, which on average last only about two hours while a piece of broken equipment is repaired, a PSPS lasts until weather conditions improve, which could be days. And these shutoffs come at a steep price. In 2010 alone, they cost California more than $13 billion. A 2019 analysi…

There are few things that unite the world like animal videos. There are also few things that are so readily commoditized. Both have occurred in the case of Punch, a baby monkey at the Ichikawa City Zoo in Japan. Punch captured hearts around the world after a viral post showed him hugging a stuffed orangutan toy after being rejected by other monkeys. E-commerce sellers act quickly with monkey merch Now, the young Japanese macaque and his stuffed friend are available as everything from toys on Etsy to a—decide for yourself if it’s AI—children’s book on Amazon. There’s also an “official” Punch Monkey store with products like stickers, shirts, and mugs. S…

Purdue Pharma asked a bankruptcy judge late Tuesday to consider the latest version of its plan to settle thousands of lawsuits over the toll of the powerful prescription painkiller OxyContin, a deal that would have members of the Sackler family who own the company pay up to $7 billion. The filing is a milestone in a tumultuous legal saga that has gone on for more than five years. Under the deal the family members — estimated in documents from 2020 and 2021 to be worth about $11 billion — would give up ownership of the company in addition to contributing money over 15 years with the biggest payment up front. Family members resigned from Purdue’s board, stopped receiving…

Featuring Jerry Grammont, CEO, Mabï Artisanal Tea; Jori Miller Sherer, President, Minnetonka and Mika Shino, Founder and CEO, Issei Mochi Gummies.Moderated by Kc Ifeanyi, Executive Director of Editorial Programming, Fast Company. These executives have built their companies around their respective cultures, from creating iced teas derived from ingredients native to the Caribbean, to designing moccasins in partnership with Indigenous artists, to putting a fresh spin on Japanese mochi. Hear how they’re uplifting their communities and bridging them to the broader public—which is not without its challenges. View the full article

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…

Welcome to Pressing Questions, Fast Company’s work-life advice column. Every week, deputy editor Kathleen Davis, host of The New Way We Work podcast, will answer the biggest and most pressing workplace questions. Q: Help! None of my coworkers have kids and don’t understand what it’s like. A: No two people’s lives are the same and people with all kinds of family structures have issues that pull their time and attention away from work. That said, few things in life are as schedule-disrupting as being a parent. In an ideal world, your boss and coworkers wouldn’t need to be parents themselves to understand things like needing to miss work when you have a sick kid or hav…

Qatar Airways will sell its stake in Hong Kong-based Cathay Pacific Airways in a share buyback valued at $896 million, the companies announced, ending the Qatari carrier’s eight-year involvement with the airline. The announcement came late Wednesday in a stock market filing by Cathay Pacific, which saw its shares gain 4.2% on the Hong Kong Stock Exchange on Thursday. Under the agreement, Qatar Airways will sell all of its holdings, which represent 9.57% of Cathay Pacific stock. The airline’s other major shareholders are Swire Pacific and Air China. The plan is subject to shareholder approval. “The buy-back reflects our strong confidence in the future of the Cathay Grou…

Qatar will provide natural gas supplies to Syria with the aim of generating 400 megawatts of electricity a day, in a measure to help address the war-battered country’s severe electricity shortages, Syrian state-run news agency SANA reported Friday. Syria’s interim Minister of Electricity Omar Shaqrouq said the Qatari supplies are expected to increase the daily state-provided electricity supply from two to four hours per day. Under the deal, Qatar will send two million cubic meters of natural gas a day to the Deir Ali power station, south of Damascus, via a pipeline passing through Jordan. Qatar’s state-run news agency said that the initiative was part of an ag…

Microsoft on Wednesday unveiled a new chip that it said showed quantum computing is “years, not decades” away, joining Google and IBM in predicting that a fundamental change in computing technology is much closer than recently believed. Quantum computing holds the promise of carrying out calculations that would take today’s systems millions of years and could unlock discoveries in medicine, chemistry and many other fields where near-infinite seas of possible combinations of molecules confound classical computers. Quantum computers also hold the danger of upending today’s cybersecurity systems, where most encryption relies on the assumption that it would take too l…