Fortune

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    Feed Title: Fortune | FORTUNE
    - Jason Ma

    The S&P 500 could hit 7,000 this week, while Trump hints at a Fed chair pick and Washington eyes ..."The S&P 500 would need to rise by just 2.2% to reach 7,000. That could happen this coming week, in our view."

    - Josh Boak, The Associated Press

    Trump commutes 7-year prison sentence for private equity exec convicted in scheme to defraud more th ...Gentile had been the CEO and co-founder of GPB Capital, which had raised $1.6 billion in capital to acquire companies in the auto, retail, health care and housing sectors.

    - Kevin Freking, The Associated Press

    Lawmakers sound alarm over report on Hegseth’s boat strike order — ‘This rises to the level of a war ...The Washington Post reported that Defense Secretary Pete Hegseth issued a verbal order for all crew members to be killed as part of a Sept. 2 attack.

    - Jaewon Kang, Bloomberg

    Teen brands win over wary Black Friday shoppers while other deals disappointThe most crowded stores Friday in cities across the US belonged to brands including Edikted, Kendra Scott, and Bath & Body Works.

    - Biz Carson, Bloomberg

    Sergey Brin gifts $1.1 billion in Alphabet stock after AI rallyRoughly $1 billion in stock is going to Catalyst4, which the billionaire started in 2021 with the dual purpose of supporting research into central nervous system diseases and climate-change solutions.

    - Jason Ma

    The housing crisis is also a crisis of hopelessness as young Americans give up, hustle less, spend m ..."For those priced out of the housing market, gambling on improbable but potentially transformative gains may appear rational, particularly among younger cohorts."

    - Jason Ma

    Even college graduates no longer think a degree is worth the cost as the once-safe path to the Ameri ...Americans who have earned college degrees flipped, with only 46% now saying that obtaining one is worth the cost versus 63% in 2013.

    - Katherine Doherty, Isis Almeida, Sagarika Jaisinghani, Lynn Doan, Bloomberg

    Worldwide markets roiled by data-center snafu in Chicago suburbDespite CME assuring clients the problem would soon be fixed, an overheated data center brought down vast parts of the global financial system for hours.

    - Renata Carlos Daou, Bloomberg

    Why the world’s top coffee producer is switching up its beansThe South American country is the world’s biggest producer of arabica, a mild variety of coffee bean, but climate change is making that harder.

    - Amanda Gerut

    From Martha Stewart to Dockers to Toys “R” Us, brand managers are raking in billions betting on clas ...Brand management companies are gobbling up beloved brands from Martha Stewart to Dockers—but views are split on whether they are saviors or vampires.

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