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In the days before a recent ballot referendum in Seattle that would determine the future of social housing in the city, large tech companies spent big. Amazon and Microsoft, both of which are headquartered in the Seattle metropolitan area, each donated $100,000, and opponents of a tax to fund social housing spent a combined $780,000 in the lead-up to the February 11 vote. Despite this, the vote on a corporate tax to fund the city’s social housing authority won, with 63% of voters supporting it. In 2023, voters had already resoundingly approved the social housing authority, agreeing that a new entity would be created to acquire and construct mixed-income housing and ke…

It’s the end of an era for surf-and-skate-inspired clothing enthusiasts, as some once-beloved stores close their doors. Liberated Brands, which owns Billabong, Quicksilver, Volcom, Roxy, and other brands, filed for Chapter 11 bankruptcy in Delaware this week. As a result, 120 stores across the U.S. owned by the company will close. The company will also close its international offices, and has laid off 1,400 employees. In a declaration filed along with the Chapter 11 petition, CEO Todd Hymel blamed the rise of fast fashion brands, as well as high interest rates and inflation, for the brand’s demise. “The average consumer has shifted their spending away from dis…

Kendrick Lamar aims to infuse his Los Angeles hip-hop flavor into New Orleans while staying true to his storytelling roots during Sunday’s Super Bowl halftime performance. “Being in the now and being just locked-in to how I feel and the energy I have now, that’s the L.A. energy for me,” he said Thursday at a press conference hosted by Apple Music. “That’s something I wanted to carry over to New Orleans and for the world to see. This is me. This is Kendrick Lamar, 37 years old, and I still feel like I’m elevating, I’m still on a journey.” The rap megastar will take the Super Bowl stage fresh off a Grammy triumph, where he claimed two of the night’s biggest awards —…

A child-size table and small chairs make up the centerpiece of a playroom. It’s where children do crafts, host tea parties for their dolls, play hide-and-seek, and build forts. So it makes sense that people buy a lot of them: By 2030, Americans will spend an estimated $12 billion on play tables. [Photo: Bauen] The market is flooded with sets, ranging from inexpensive ones like Ikea’s $50 version to more design-forward varieties like Lalo’s $300 set. Still, husband-and-wife entrepreneurs Lynn and Cassidy Rouse believe there’s room in the market for a better-designed version. More specifically, they wanted to create a set that was indestructible, easy to assemble, us…

Starbucks’s new CEO, Brian Niccol, made a bet last September that the company could draw customers back into its stores by reintroducing personal touches you might see at smaller, third-place sort of coffee shops, like handwritten names on to-go cups. Here we are about four months later, and Starbucks has beaten Wall Street expectations, announcing $9.4 billion in revenue for the fourth quarter of last year during its earnings call Tuesday. Niccol attributed the chain’s performance to “getting Back to Starbucks and those things that have always set us apart.” (Though it’s worth noting that the company’s sales are still down year over year.) Starbucks developed a b…

In the lower Manhattan neighborhood of NoHo, the crowded area around Lafayette Street was once called Gasoline Alley because of the many auto shops and gas stations housed there. While New York is still crowded with cars, gas stations in Manhattan are now more rare (there are none today in Gasoline Alley, only one left in all of lower Manhattan.) But off of Lafayette, there’s a new kind of space-inspired gas station that reveals the future of fuel—a future in which we power vehicles across land, air, and sea with CO2 instead of fossil fuels. The Fuel Store is an immersive concept store by AirCo, a Brooklyn-based startup that turns captured CO2 and hydrogen into synthe…

The discount retailer that plans to take over and operate hundreds of Big Lots stores is closer to deciding which locations it will save. Some 200 Big Lots leases have been designated to be transferred to Variety Wholesalers, the North Carolina-based owner of Roses and other discount chains, new court documents show. In a bankruptcy filing dated Monday, Big Lots said it will transfer the locations as part of its agreement with Gordon Brothers, the restructuring and investment firm that took control of the embattled retailer earlier this month. The list includes Big Lots locations across at least a dozen states, mostly in the South and Midwest regions. It’s un…

Home Depot broke a two-year slump in same store sales during the fourth quarter as customer demand improved in a housing market that has been buffeted by soaring mortgage rates and a scarcity of homes up for sale. Revenue for the Atlanta company climbed to $39.7 billion from $34.79 billion. Analysts polled by FactSet were calling for $39.15 billion. Home Depot Inc. said Tuesday that the extra week in the quarter added approximately $2.5 billion in sales for the period. Sales at stores open at least a year, a key indicator of a retailer’s health, edged up 0.8%. In the U.S., comparable store sales rose 1.3%. It is the first quarterly increase since January 2023 and much …

Yellow Tail, the budget-friendly Australian wine brand known to college students everywhere, has barely touched its branding since its debut in 2001. Now, though, the company is tweaking its look—including its iconic kangaroo logo—in an attempt stand out on shelves as younger generations turn away from the wine aisle and toward trendy canned cocktails. The new branding, which includes a more vibrant “Roo” mascot and crisper product labels, will hit shelves in the U.S. this coming June. The understated update seems like a bid to remind consumers of what once made Yellow Tail’s accessible, easy-to-parse branding so innovative—but it’s less likely to make a splash in a n…

This article is republished with permission from Wonder Tools, a newsletter that helps you discover the most useful sites and apps. Subscribe here. Imagine turning your reading history into a treasure map. By feeding a list of your favorite books and movies to an AI assistant, you can uncover hidden patterns in what you love. From your subconscious attraction to unreliable narrators to your love for stories that begin at the end, you may be surprised by what an AI assistant can reveal. Building a personal “taste atlas” helps you understand your reading self better. It can also surface blind spots in your cultural diet and point you toward unexplored literary terri…

Eric Migicovsky has barely started working on a successor to the Pebble smartwatch, and he’s already talking about being finished with it. Eight years ago, Migicovsky shut down the smartwatch startup he founded, having sold its software assets to Fitbit, which later became part of Google. But all this time, he and thousands of Pebble die-hards have continued to wear their watches, aided in part by a community that’s kept Pebble’s app store and core services alive. Last month, Migicovsky persuaded Google to make Pebble’s software open source, and now he’s started a company to build new watches. (They won’t be called Pebbles, though, since Google still owns the name.) While…

All live poultry markets in New York City and some of its suburbs were ordered Friday to close for a week after the detection of seven cases of avian flu, which has also hit farms nationwide, led to the slaughter of millions of birds and driven up egg prices. Gov. Kathy Hochul said there is no immediate threat to public health and that the temporary closure of bird markets in the city and its Westchester County and Long Island suburbs comes out of an abundance of caution. No cases of avian flu have been detected among humans in New York, officials said. The order came after birds infected with the virus were found during routine inspections of live bird markets in…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. In the past few years, the housing market has experienced a “lock-in effect,” in which many homeowners with lower monthly payments and mortgage rates (some even below 3%) are unwilling to sell and purchase another home with a significantly higher monthly payment and mortgage rate. Last year, researchers from the Federal Housing Finance Agency estimated that the lock-in effect had resulted in more than a million “lost” home sales. But what mortgage rate would it take for homeowners to consider moving? ResiClub aimed to find out with the ResiClub Housi…

‘Fast Company’ senior editor Jeff Beer breaks down the price of what a Super Bowl campaign actually costs. Is it still worth it? View the full article

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. When you factor in home, school, work, and other public spaces, the average person spends 90% of their time indoors. Given this, it’s probably no surprise that the built environment is responsible for 42% of the world’s carbon (CO2) emissions. This number is too big and the likelihood of it increasing is high when you consider aging buildings, extreme weather, a rising number of…

Ford has used some version of its famous script logo for more than a century, but despite its widespread usage, people are scratching their heads over a detail they just noticed. In a viral TikTok, user Monica Turner asked viewers to pick the correct version of the automaker’s logo, one with a funny-looking flourish on the logo’s “F” and one without. Viewers were split on which version they thought was correct, and to some commenters’ surprise, it’s the one with the curlicue. Side by side and to the untrained eye, the real Ford logo looks fake next to its dupe. In the age of corporate blanding, the curlicue flourish reads as fake, but it’s been there as f…

When Dr. David Rabin told me how Apollo Sessions worked, my exact first thought was, “poppycock.” This was an app, he said, that would turn my iPhone into a healing device using the vibrations of the phone’s haptic engine. By stimulating the vagus nerve—a core component of the parasympathetic nervous system responsible for the body’s recovery and relaxation mechanisms—using certain frequencies, this iOS app would make me feel different. It works, he assured me. With trauma patients in clinical settings, he claimed. As someone who is skeptical about wundermedicine by default, I didn’t believe it. But as someone who has lived through a few years of a traumatic experience, I…

The 2001 Tilda Swinton film The Deep End features a scene that has stuck with me for nearly 25 years, even though I’ve forgotten almost everything else about the movie. Swinton’s character is being blackmailed for $50,000 and is given 24 hours to come up with the cash. Although her character is shown to live a comfortable, upper-middle-class life, she spends a stressful day on the phone trying to find the money—and she misses the deadline. As a budding money nerd, I wondered what I would do in her situation. I had some go-to sources of cash for smaller financial emergencies, but there was a limit to how much I could gather quickly. The thing is, everyone has a lim…

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. It’s no secret that corporate and individual giving plays an increasingly significant role in employee satisfaction, providing top talent with pride and a sense of purpose. As a result, many companies, including startups, are finding flexible ways to match funds, allowing people to donate in flexible ways that ignite them and their passion. In 2023, Americans gave over $55…

Starchitecture is heading to the moon. A lunar design from the international architecture and design firm Bjarke Ingels Group (BIG) is part of a just-launched rocket mission that expects to land on the moon in early March. Not architecture per se, the design encases a shoebox-size data storage center that’s attempting to prove the concept of off-world disaster recovery services. Commissioned by Florida startup Lonestar Data Holdings, the solar-powered 8-terabyte data storage device is tacked onto the side of the lunar lander now making its way to the moon. A thin, 3D-printed object with sleek curves and a matte-black finish, BIG’s design sets a higher bar than the wire-ju…

It’s almost time for the most heartfelt accolades of Hollywood’s award season. The Screen Actors Guild Awards, hosted by the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA), is set to take place tonight (Sunday, February 23) at 8 p.m. ET. This tribute to actors gets its emotion from the fact that it is put on by actors. For the nominees, there’s something extra moving about being honored by a group of your peers who have been in the same foxholes as you. So grab the tissues—especially for those “I am an actor” opening monologues—and keep reading so you know how to tune in and go into the ceremony prepared. Who are the SAG Awards…

In the business world, advertisers are the stunt performers. Our fragmented media and pop cultural landscape has forced brands to really push stunts into the weird and wonderful. Whether it’s Snoop threatening to give up smoking, Ben Affleck working a Dunkin’ drive-thru, or a devil baby terrorizing the streets of New York. Meanwhile in Hollywood, the stunt performers are the ones who actually pull off the death-defying action that can make us gasp. They’re a breath of IRL fresh air in a world blanketed by visual-effects technology. Now, for the biggest night in entertainment, these two worlds converge for a pretty epic stunt by both worlds’ definition. Disney Adverti…

When workers repaved part of Interstate 94 near Minneapolis last fall, it looked like they were pouring ordinary concrete. But instead the highway was the first to use a new, near-zero-emissions material. It’s one of a series of large projects to use material from C-Crete, a Bay Area-based startup. Shortly, the highway was repaved, and the company poured slabs and foundations at San Francisco International Airport. Earlier in the summer, it also poured a floor slab in a super-tall skyscraper under construction in Manhattan, the future headquarters of JPMorgan Chase. Other projects are underway now. [Photo: courtesy C-Crete Technologies] Producing cement, the gl…

The world’s leading minds in AI are gathering in Paris for the AI Action Summit, which kicked off on Monday. French president Emmanuel Macron is hosting the summit, which includes Vice President JD Vance among its attendees. But the summit—which is focused on discussion and debate about the future of the technology—comes at a time when things are moving quickly in the AI space. While France’s minister for AI and digital affairs, Clara Chappaz, may want to keep the debate focused on three key objectives for the summit, covering societal and cultural, economic, and diplomatic needs, there’s much more going on at the minute. Between Project Stargate, the U.S.’s $500 …

Japan’s Seven & i, the parent company of the Japanese 7-Eleven convenience store chain, said Thursday it is selling its supermarket store assets to Bain Capital for about $5.4 billion. The company announced the deal a day after naming Stephen Dacus, its board chairman, to be its president and CEO. It also said it plans an initial public offering in the U.S. of 7-Eleven or SEI, its convenience store business in North America, by the end of 2026. Funds from the IPO and the sale to Bain will be returned to shareholders in the form of share buybacks worth 2 trillion yen ($5.4 billion). Seven & i’s share price jumped 6.1% in Tokyo. The deal follows Seven & i’s …