Business

Victoria’s Secret is betting that the generation raised on body positivity—not “heroin chic”—is ready to reclaim its famously glittering runway. Younger shoppers seem unabashed in their love of the spectacle and sparkle, the glamour of the lingerie, notes CEO Hillary Super. Formerly CEO of Anthropologie and competitor Savage X Fenty, she joined the company in the fall of 2024 after…

Defense spending is “growing everywhere” says Thales International CEO Pascale Sourisse, amid a global boom in the arms industry spurred by geopolitical tensions.  Arms spending in 2024 reached an unprecedented $2.7 trillion in 2024, according to the Stockholm International Peace Research Institute, a conflict think tank. The same think tank estimated that the world’s top 100 defense companies raked in…

Palantir Technologies declared, “We are an n of 1” in the artificial intelligence software market on Monday, as the data analytics group reported yet another set of record quarterly results, sending its shares surging nearly 8% in late trading. Investors cheered a powerful combination of faster growth, fatter margins, and a revenue outlook “crushing consensus expectations,” prompting a sharp rebound in a…

Indonesia plans to establish a new state-owned enterprise (SOE) to rejuvenate its struggling textile and garment industry and shield it from fallout from U.S. President Donald Trump’s tariffs. The decision, announced on Jan. 14 by Airlangga Hartato, Indonesia’s coordinating minister for economic affairs, places the SOE under the control of Danantara, Indonesia’s sovereign wealth fund, which will pump up to…

The Trump administration won an appeals court order blocking a judge’s restrictions on Immigration and Customs Enforcement tactics for dealing with protesters in Minnesota. The 8th US Circuit Court of Appeals on Monday put an indefinite hold on a lower-court judge’s Jan. 16 order that prevented officers from arresting, detaining, pepper-spraying or retaliating against peaceful protesters in Minneapolis. The ruling…

President Donald Trump said Monday he is increasing tariffs on South Korean goods because the country’s national assembly has yet to approve the trade framework announced last year. Trump said on social media that import taxes would be raised on autos, lumber and pharmaceutical drugs from South Korea with the rate on other goods going from 15% to 25%. The U.S. president previously imposed…

For the past two-and-a-half decades, the mandate for global business leaders was relatively straightforward: grow the existing business, allocate capital efficiently, and implement technology to drive productivity. But Mohamed Kande, global chairman of PwC, speaking to Fortune in Davos, Switzerland, ahead of the World Economic Forum’s annual meeting, insisted that era is over. Kande argued that the CEO job has…

U.S. stock futures dropped late Monday after global equities sold off as President Donald Trump launches a trade war against NATO allies over his Greenland ambitions. Futures tied to the Dow Jones industrial average sank 401 points, or 0.81%. S&P 500 futures were down 0.91%, and Nasdaq futures sank 1.13%.  Markets in the U.S. were closed in observance of the Martin Luther King Jr.…

Is Powell’s Fed head independence dead? It’s just one more diversionary Trump trick | Fortune Jeffrey Sonnenfeld is Lester Crown Professor of Leadership Practice at the Yale School of Management and founder of the Yale Chief Executive Leadership Institute. A leadership and governance scholar, he created the world’s first school for incumbent CEOs and he has advised five U.S. presidents across political…

Tanyapong Thamavaranukupt, co-president of Thai fintech Ascend Money, sees spending patterns—like magazine subscriptions or mobile bills—as a signal of creditworthiness, particularly in markets like Southeast Asia which have both a large underbanked population and underdeveloped financial institutions. “We don’t rely on traditional data to make our loan decisions,” he told Fortune. Instead, Ascend Money’s lending service, Ascend Nano, relies on…