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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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A California City Tested Universal Basic Income. Here's How Recipients Spent the $500 in Free Money

A California City Tested Universal Basic Income. Here's How Recipients Spent the $500 in Free Money

·October 3, 2019, 6:19 PM UTCThe first data from an experiment in a California city where needy people get $500 a month from the government shows they spend most of it on things like food, clothing and utility bills.The 18-month, privately funded program started in February and involves 125 people in Stockton. It is one of the few experiments testing the concept of “universal basic income,” an old idea getting new attention from Democrats seeking the 2020 presidential nomination.Stockton Mayor Michael Tubbs has committed to publicly releasing data throughout the experiment to win over...

March 6, 2020
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How a Canadian convenience store giant built its empire

How a Canadian convenience store giant built its empire

·August 10, 2020, 8:30 AM UTCThere are few rituals more American than a stop at a gas-station convenience store. It starts with the badly needed fill-up or bathroom break, then progresses to an impulse food-and-beverage buy—the jumbo soft drink, the bag of chips, maybe something more substantial like a pizza slice, whatever it takes to replenish yourself for the interstate.But what few drivers know is that this is increasingly likely to involve a huge Canadian company. CST Corner Stores in Texas and the Southeast, Holiday gas stations across the Northern Tier, and above all, Circle K...

August 10, 2020
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YouTube sued by crypto firm Ripple over scam videos

YouTube sued by crypto firm Ripple over scam videos

·April 21, 2020, 3:59 PM UTCThe CEO of , a San Francisco-based finance and cryptocurrency firm, filed a lawsuit on Tuesday that accuses the streaming giant of turning a blind eye to scams that have defrauded consumers.In filed in San Francisco federal court, Garlinghouse and Ripple accuse YouTube of damaging their brand and reputations, and demand an unspecified amount of financial compensation. The complaint also asks the court to forbid YouTube from profiting from the scams, or from allowing them to continue.The alleged scams in question resemble those found on other social media...

April 21, 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...

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March 19, 2020
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Gretchen Whitmer and Kate Gallego: How cities and states can work with the Biden administration to address America's biggest challenges

Gretchen Whitmer and Kate Gallego: How cities and states can work with the Biden administration to address America's biggest challenges

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...

November 14, 2020
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