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As President The President takes even more steps to pull back on climate action, Bill Gates is emphasizing how governmental policies are crucial to addressing climate change. In his annual year-ahead letter, the billionaire Microsoft cofounder and philanthropist warns that the market alone is not enough to change our climate reality. “Without a large global carbon tax (which is, unfortunately, politically unachievable), market forces do not properly incentivize the creation of technologies to reduce climate-related emissions,” Gates writes. To stop global temperatures from increasing, we need to replace all emissions-emitting activities with affordable altern…

Bill Gates has invested billions over the last two decades to help fight climate change. But in a new blog post, he argues that world is too focused on cutting short-term emissions. “The doomsday outlook is causing much of the climate community to focus too much on near-term emissions goals,” he writes, calling for a “strategic pivot” to focus on “improving lives” by focusing development dollars more on agriculture and disease and poverty eradication. The logic is flawed, and built on a series of false trade-offs that ignore how interconnected climate and development goals are. Gates criticizes the “doomsday” view that climate change will “decimate civilization” i…

In honor of its 25th anniversary, the Gates Foundation made a major announcement. On Thursday, chair Bill Gates said he would give away most of his fortune over the next two decades. “People will say a lot of things about me when I die, but I am determined that ‘he died rich’ will not be one of them,” Gates wrote in an announcement on GatesNotes. The statement continued, “There are too many urgent problems to solve for me to hold onto resources that could be used to help people. That is why I have decided to give my money back to society much faster than I had originally planned.” Gates explained that he would give away practically all of his fortune over the …

Bill Gates thinks climate change is a serious problem but it won’t be the end of civilization. He thinks scientific innovation will curb it, and it’s instead time for a “strategic pivot” in the global climate fight: from focusing on limiting rising temperatures to fighting poverty and preventing disease. A doomsday outlook has led the climate community to focus too much on near-term goals to reduce emissions of carbon dioxide and other greenhouse gases that cause warming, diverting resources from the most effective things that can be done to improve life in a warming world, Gates said. In a memo released Tuesday, Gates said the world’s primary goal should instead be to p…

In his new book, Here Comes The Sun, author and activist Bill McKibben argues that we’re at a tipping point where solar and wind power is now cheaper to build and harness than fossil fuels. Because of that new economic reality, he argues renewable energy has the power to transform society—if only the U.S. government would listen. McKibben, who also publishes a free Substack called The Crucial Years, came on the Most Innovative Companies podcast to talk about what Bill Gates is getting wrong about climate concerns, how solar became cheaper than fossil fuels, and the importance of mobilizing senior citizens in the fight against climate change through his organization T…

The Senate passed legislation Monday to reopen the government, bringing the longest shutdown in history closer to an end as a small group of Democrats ratified a deal with Republicans despite searing criticism from within their party. The 41-day shutdown could last a few more days as members of the House, which has been on recess since mid-September, return to Washington to vote on the legislation. President Donald The President has signaled support for the bill, saying Monday that “we’re going to be opening up our country very quickly.” The final Senate vote, 60-40, broke a grueling stalemate that lasted more than six weeks as Democrats demanded that Republicans negoti…

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…

Billionaire investor Frank McCourt, former owner and chairman of the Los Angeles Dodgers and Dodger Stadium, says he is investigating the legality of the The President administration’s deal that would see TikTok purchased by a coalition that reportedly includes Oracle, Silver Lake and the Saudi-owned MGX. In an interview with CNN’s Terms of Service podcast, McCourt stopped short of saying he would challenge the deal in court or attempt to join the ownership group. But the information that has been publicly released so far is insufficient and doesn’t address whether the national security concerns with TikTok have been addressed, he said. The status of the sale of …

As Americans struggle with an affordability crisis—high inflation and an even higher cost of living, especially when it comes to housing—Bilt is launching three new, low interest credit cards with rates capped at 10% on new purchases for the first year—including a premium card offering with a $495 annual fee. The Bilt Card 2.0 series launches next month on February 7. “Between now and January 30, existing cardholders will be able to seamlessly transition and pre-order a new Bilt Card in their Bilt account or online,” according to a statement on the company’s website. “There is clearly a need for affordability at this point in time more than ever,” Bilt chief execu…

Silicon Valley fintech giant Bilt announced an overhaul of its credit cards on Wednesday, which notably will include an introductory rate on all card users’ interest rates at 10% for one year. The promotion comes at a time of heightened political rhetoric around the cost of credit cards, with President Donald The President announcing last week that he also is seeking a one-year cap on credit card interest rates of 10%. New York-based Bilt, which originally built its business model around earning rewards on rent and other routine purchases, has been branching out into other financial products as it has grown. The Silicon Valley-backed startup was valued last year a…

The flight disruptions during the record government shutdown that ended last week inspired a rare act of bipartisanship in Washington on Tuesday, when congressional representatives from both parties introduced legislation that would allow air traffic controllers to get paid during future shutdowns. The bill proposes funding salaries, operating expenses, and other Federal Aviation Administration programs by tapping into a little-used fund with $2.6 billion that was created to reimburse airlines if the government commandeers their planes and they are damaged. The bill’s sponsors, which include four of the top Republicans and Democrats on the House Transportation and Inf…

America has been dealing with a bird flu outbreak for some time, and now fears over possible contamination in cat food have led to a recall. Here’s what to know about the recall of cat food linked to possible bird flu contamination. What’s happened? On March 1, the U.S. Food and Drug Administration (FDA) published a recall notice relating to certain products sold by Wild Coast LLC (dba Wild Coast Raw) of Olympia, Washington. The recalled products are raw pet food for cats. The reason? The products may be contaminated with Highly Pathogenic Avian Influenza (HPAI) H5N1, better known as bird flu. The bird flu virus can live in manufactured products, including pet …

A new study shows that bird flu has silently spread from animals to some veterinarians. The study published Thursday by the Centers for Disease Control and Prevention echoes two smaller ones that detected evidence of infection in previously undiagnosed farmworkers. In those studies, several of the infected workers remembered having symptoms of H5N1 bird flu, while none of the veterinarians in the new paper recalled any such symptoms. The new study is more evidence that the official U.S. tally of confirmed human bird flu infections — 68 in the last year — is likely a significant undercount, said Dr. Gregory Gray, an infectious disease researcher at the University o…

Birkenstock, the renowned German footwear brand, posted stronger-than-expected sales for its fiscal first quarter, fueled by strong holiday demand and the growing popularity of its closed-toe clogs. However, the company’s U.S.-listed shares (NYSE: BIRK) were down about 3% in premarket trading Thursday as of the time of this writing. Strong demand meets investor skepticism The company reported quarterly revenue of €361.7 million, exceeding analyst expectations of €356.2 million. However, it maintained its annual margin forecast, as Reuters reported. The drop in share price is likely related to a cautious outlook on profit margins for fiscal 2025, with inves…

Is Bitcoin biting the dust? The world’s most popular cryptocurrency (BTC) has seen its value drop significantly from highs earlier this year as it has struggled to shake off a price decline that began in early October. As of Monday morning, the price of one BTC was around $94,000, which is down almost 8% over the past five days and down 14% over the past month. Notably, the token is now roughly flat since the beginning of the year—meaning it’s given back all of the value it gained earlier in 2025, having topped out at slightly more than $124,000 in October. The downturn started in early October, and since then, Bitcoin is down roughly 32%, putting it fi…

Bitcoin is having a horrible week. Until yesterday, the cryptocurrency had declined by roughly 2.5% over the preceding five days. But in the last 24 hours alone, the coin has taken a major hit—down more than 10%. Worse, fear and greed indices, which measure the emotional state of investors who buy and sell Bitcoin, are near historic lows. Here’s what you need to know. Why is Bitcoin sinking? Bitcoin has dropped precipitously over the past 24 hours. As of the time of this writing, it’s down more than 10% to $82,185 per token. That’s a low the coin has not seen since April. But why has Bitcoin been falling so much over the past 24 hours? There are two m…

The U.S. government has shut down. Last night, Congress failed to pass a new funding bill that would have kept the federal government operating normally. However, at 12:01 a.m. today, the existing funding bill ceased to be in effect, and with no new one in place, large parts of the government are now shut down. Fast Company has previously explored how the government shutdown will affect everyone, from Social Security recipients to travelers to federal workers. But the shutdown will also no doubt have an effect on the markets. And not just the stock markets. The U.S. government shutdown appears to already be having an impact on cryptocurrency markets. Her…

Investors in Bitcoin are waking up to another bad morning for the world’s preeminent cryptocurrency. As of the time of this writing, the price of one token is down 6.55% in the last 24 hours to just above $95,000 per coin. It’s a low that Bitcoin has not seen since May. Today’s selloff continues a monthlong trend in which Bitcoin has now lost about 20% of its value. But what’s driving this most recent selloffs? Two culprits are most likely at play. Uncertainty of Fed rate cuts Next month, the Federal Reserve is expected to announce a decision on whether it will change interest rates. The Fed has three options: increase rates, hold rates at current levels, o…

2025 saw several successful public offerings, especially from companies operating in the AI, cryptocurrency, and fintech spaces. What many on Wall Street are anxious to know is whether the IPO market—and its returns—will accelerate in 2026, or if investors will take a more cautious approach to newly public companies as inflationary pressures, the potential for a weakening economy, and a possible AI bubble weigh heavily on people’s minds. The first real test of investor IPO appetite may come later this month, when cryptocurrency custody firm BitGo Holdings, Inc. is expected to go public. Here’s what you need to know about BitGo’s IPO. What is BitGo? BitGo Holdin…

BJ’s Wholesale Club is planning to open nine new U.S. stores in 2026, and already debuted a new location on December 17 in Casselberry, Florida—its third in December alone, following openings in Springfield, Massachusetts, and Sumter, South Carolina. BJ’s currently has more than 250 clubs in 20-plus states. In 2025, the membership-based warehouse chain added 12 new locations in a number of states, including Georgia, Kentucky, New Jersey, Massachusetts, New York, North Carolina, South Carolina, and Tennessee. “Our momentum remains strong as we continue to bring unbeatable value and convenience to new communities,” Bill Werner, BJ’s Wholesale Club’s EVP of strategy …