EXPLOREMY LIBRARY
Business & Finance
Fortune

Fortune November 1, 2018

FORTUNE covers the entire field of business, including specific companies and business trends, tech innovation prominent business leaders, and new ideas shaping the global marketplace. FORTUNE is particularly well known for its exceptionally reliable annual rankings of companies. FORTUNE furthers understanding of the economy, provides implementable business strategy, and gives you the practical knowledge you need to maximize your own success. Fortune currently publishes 3 double issues. Each count as two of 12 issues in an annual subscription.

Country:
United States
Language:
English
Publisher:
Meredith Corporation
Frequency:
Monthly
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12 Issues

in this issue

3 min.
the next frontier

SOMETHING EXTRAORDINARY HAPPENED while we weren’t looking: business caught up with science fiction. That’s the message of Fortune’s cover package this issue—which explores how companies around the world are streamlining, speeding up, error-proofing, and otherwise reinventing their daily operations with the help of a versatile, futuristic tool. Financial institutions such as HSBC and Danske Bank are using it to get better at fighting money laundering and fraud—and a slew of mortgage lenders already use it to predict loan default rates. Vodafone, Nielsen, and Unilever are using it to find job applicants with more finetuned social and emotional sensitivities. And Airbus used it to design an interior partition on its A320 jet—arriving at a structure that was scarcely half the weight of the previous version. That tool is artificial intelligence—or A.I., as it’s…

4 min.
full employment? the economy isn’t acting like it

WHEN UNEMPLOYMENT fell to 3.7% in September, the lowest in almost 50 years, it was hard to know whether to cheer or tremble. A white-hot labor market means it’s easy to get a healthy raise, which many workers could certainly use. Booyah! Except that whenever unemployment has fallen anywhere near this low in the past 60 years, a recession has inevitably followed, often very quickly, and inflation has usually surged. No bueno. All of which leads to a large question that turns out to be profound: Why is neither the good stuff nor the bad stuff happening? Pay isn’t rocketing; the economy is booming, with no incipient recession apparent in at least the next few quarters; inflation remains subdued. The explanation is that an unemployment rate of 3.7%, which long signaled a…

1 min.
christmas without toys ‘r’ us

THE UPCOMING holiday season will be the first one in decades without Toys “R” Us around, leaving about $4 billion in sales up for grabs. Any retailer who wants a chunk of that will need to move fast: According to the National Retail Federation, 30% of toy sales happen in November and December. Walmart, already the nation’s biggest toy seller, said it will increase its holiday selection by 30% in stores and 40% online. The chain has already picked up 26% of what would have been Toys “R” Us business this year, according to one analyst. Target will open 500 mini toy shops in its stores and double the number of exclusive toys it carries. And of course, Amazon is already touting its selection. The battle is also prompting retailers not known…

1 min.
time’s up gets ceo, expands mission

IT’S NOT JUST a slogan on a pin. Time’s Up will be taking on paid family leave, pregnancy discrimination, and more as the anti-sexual-harassment organization comes out of stealth mode. The nonprofit—founded in the wake of sexual assault allegations against Harvey Weinstein—just brought on its first president and CEO: Lisa Borders, a Coca-Cola veteran and until October president of the WNBA. Under Borders’ leadership, Time’s Up will move beyond Hollywood to push for reform in industries including venture capital, advertising, and health care. The legal defense fund that for months was the organization’s only public project has worked with 3,500 people who faced sexual harassment and retaliation. It also distributed $750,000 in grants to other nonprofits for workers and domestic violence victims. “I would frame this as the civil rights…

1 min.
this vaccine ceo doesn’t get a flu shot. should you?

AT FORTUNE’S recent Most Powerful Women Summit, the CEO of an Alzheimer’s vaccine company made a striking statement about flu shots: She doesn’t always get one. Asked whether she’s optimistic that a successful Alzheimer’s vaccine would gain widespread use given that Americans aren’t exactly great at getting their flu shots—United Neuroscience chief Mei Mei Hu pointed out that flu vaccines “aren’t very effective.” The data shows that plenty of Americans feel the same way. In fact, less than 40% of people old enough to get a flu shot got one in fall 2017, according to the Centers for Disease Control (CDC). Perhaps that’s not surprising, given that flu vaccine effectiveness oscillates wildly from year to year. Since 2004, the vaccine’s efficacy has ranged from 10% to a high of 60%. Last year’s…

1 min.
a pinch at the pump in 2019

WE’VE BEEN FILLing up our SUVs for under $50 for the past three years, as prices for crude have hovered between $50 and $60 per barrel. No more. Despite President Trump’s UN speech imploring OPEC to increase output, traders are expecting sanctions on Iran will result in the cartel delivering significantly fewer barrels in the last quarter of 2018, pushing crude to $100 in early 2019. Another wrench: Saudi Arabia, usually an ally in OPEC, could use oil prices as a defense against sanctions related to the death of journalist Jamal Khashoggi.…