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Inside James Dyson's Costly Decision to Kill His Electric Car

Inside James Dyson's Costly Decision to Kill His Electric Car

WIND BLOWN: James Dyson is beaten but not bowed by the failure of his electric car, a project many years in the making. JULIAN ANDERSON—EYEVINE/REDUX PICTURESJULIAN ANDERSON—EYEVINE/REDUX PICTURESJames Dyson, the billionaire British inventor and entrepreneur, is standing on a small stage at the mid-September gala opening of his new flagship retail store in Paris. The space is more high-end art gallery than appliance mart: matte black walls and ceiling, gray tile floors, and stylish gadgets displayed like sculptures, spotlighted on white-topped plinths. Dyson, spry and lanky at 72 years...

October 17, 2019
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'It's Just Lazy': Current's CEO Lashes Out at Facebook's Calibra for Its Similar Logo

'It's Just Lazy': Current's CEO Lashes Out at Facebook's Calibra for Its Similar Logo

·June 20, 2019, 8:49 PM UTC announced this week for a new called Libra along with a subsidiary, Calibra, that will offer digital wallets for storing Libras. Now Facebook is facing criticism for a related detail: Calibra’s new logo looks a lot like an existing one from fintech startup Current., which calls itself “the bank for modern life,” posted a Wednesday that juxtaposed its own logo with Calibra’s. Current CEO Stuart Sopp, who was at Fortune’s conference in Montauk, N.Y. on Wednesday when someone pointed out the similarity of the two logos, said it made him “furious.”this is what...

June 20, 2019
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What to Know About Debate Newcomer Tom Steyer

What to Know About Debate Newcomer Tom Steyer

·October 15, 2019, 5:41 PM UTCTwelve Democratic presidential candidates took the stage in Tuesday night’s Democratic debate, including one new face: billionaire philanthropist Tom Steyer.Steyer, who only announced his presidential candidacy in July, qualified for the fourth Democratic debate—his debut on the debate stage—in early September after exceeding 2% in four polls and receiving donations from more than 130,000 supporters. Here’s what you should know about him.Steyer was an early proponent of impeaching President Donald Trump, funneling millions of his own wealth into a , which...

October 16, 2019
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Two Japanese Oil Tankers Attacked Near Strait of Hormuz

Two Japanese Oil Tankers Attacked Near Strait of Hormuz

·June 13, 2019, 10:03 AM UTCTwo oil tankers near the strategic Strait of Hormuz were on Thursday, an assault that left one ablaze and adrift as sailors were evacuated from both vessels and the U.S. Navy rushed to assist amid heightened tensions between Washington and Tehran.Japan’s Trade Ministry said the two vessels had “Japan-related cargo” as Prime Minister Shinzo Abe was wrapping up a high-stakes visit in Tehran that sought to ease tensions between Iran and the United States.Benchmark Brent crude spiked at one point by as much 4% in trading following the reported attack, to over $62 a...

June 13, 2019
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Facebook Kills 'Trending' Topics, Will Test 'Breaking News' Label

Facebook Kills 'Trending' Topics, Will Test 'Breaking News' Label

·June 1, 2018, 3:27 PM UTC is doing away with its trending news summaries at the top of your home page.The company has announced it will after a four-year trial. Facebook says the news feature wasn’t popular with users.“We introduced Trending in 2014 as a way to help people discover news topics that were popular across the Facebook community,” Facebook said in a blog post. However, it was only available in five countries and accounted for less than 1.5% of clicks to news publishers on average.”The demise of “” doesn’t mean Facebook is getting out of the news business, though. The social...

June 1, 2018
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Cloudflare's privacy crusade continues with a challenge to one of Google's big data sources

Cloudflare's privacy crusade continues with a challenge to one of Google's big data sources

·September 29, 2020, 1:00 PM UTCThe cybersecurity and content-distribution company Cloudflare has become a of the Internet’s infrastructure, so here’s a move that might cause concern at HQ: Cloudflare is launching a privacy-friendly rival to Google Analytics.Google Analytics is a free toolkit that’s used by website administrators across the globe to help them track the behavior of the people visiting those sites—how they find them, what they do there, the devices they’re using, and so on.However, the service—the most popular of its kind—also helps Google track websites’ visitors, so it can...

September 29, 2020
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Young people are getting extremely sick from coronavirus, according to new evidence

Young people are getting extremely sick from coronavirus, according to new evidence

·March 19, 2020, 3:34 AM UTCSubscribe to Fortune’s for a daily roundup of stories on the coronavirus outbreak and its impact on global business.New evidence from Europe and the U.S. suggests that younger adults aren’t as impervious to the novel that’s circulating worldwide as originally thought.Despite initial data from China that showed elderly people and those with other health conditions were most vulnerable, young people—from twenty-somethings to those in their early forties—are falling seriously ill. Many require intensive care, according to reports from Italy and France. The risk is...

March 19, 2020
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Robinhood Raises $280 million in push for global expansion

Robinhood Raises $280 million in push for global expansion

·May 4, 2020, 3:59 PM UTCThe popular stock-picking app Robinhood announced on Monday it raised a Series F funding round that will see the company valued at $8.3 billion. The $280 million cash infusion is being led by Sequoia Capital and comes at a time that Robinhood is seeing a spike of new customers and trading activity during the pandemic.According to co-CEO Vlad Tenev, Robinhood has added 3 million funded accounts since the start of the year, while its daily trading volume for March was three times higher than its fourth quarter average.“The purpose of the capital raise is to enable us...

May 4, 2020
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What low-wage workers need from the 2020 election

What low-wage workers need from the 2020 election

You need to enable JavaScript to view this site.SEARCHSIGN INMost Popular© 2020 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our and |  |  |FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.Quotes delayed at least 15 minutes. Market data provided by . ETF and Mutual Fund data provided by , Inc. Dow Jones Terms & Conditions: .S&P Index data is the...

September 30, 2020
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GDP shrinks 4.8%—but what comes next will be far worse

GDP shrinks 4.8%—but what comes next will be far worse

·April 29, 2020, 12:58 PM UTCThe economy had its worst contraction since 2008.In the first quarter of 2020 the U.S., according to data published Wednesday by the U.S. Bureau of Economic Analysis. Economists by Refinitiv were expecting a 4% drop at an annualized rate.Today’s reported fall, for the quarter ending March 31, compares to a 2.1% increase in the fourth quarter of 2020.“It is backward looking, and especially backward looking this time. Everything changed in the middle of March,” says Dan North, senior economist at Euler Hermes. In the final two weeks of March, nearly 10.2 million...

April 29, 2020
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