Financial Mindset

Inside the Pennsylvania Convention Center during Major League Baseball’s All-Star Week, Capital One made a big play for sports enthusiasts and loyal cardholders. The company served as the title sponsor of All-Star Village from July 11–14 in Philadelphia, filling roughly 500,000 square feet with interactive exhibits, youth baseball activities, player tributes, food vendors, and a family party-like atmosphere. For the Capital One, it reflected a broader strategy of sports partnerships to deepen customer relationships through experiences rather than traditional advertising. MLB reported attendance of 111,616 at this year’s All-Star Village—the event’s highest since 2022, when it was held in Los Angeles. Perks for Capital One customers included early access, complimentary admission for eligible cardholders, and premium experiences tied to its Venture X Business card. Capital One ( No. 63 on the Fortune 500) became MLB’s official bank and credit card partner in 2022, and commi...

On the Tesla Q2 earnings call the evening of July 22, an analyst asked Elon Musk the question that’s top of mind for shareholders in his two largest ventures: Is SpaceX planning to buy the EV, battery and robot-maker? Musk responded that “We can’t talk about combining companies and things like that on an earnings call. It’s got to be done with the appropriate process,” an answer that did nothing to lessen the chance that he’s seriously mulling a tie-up. Musk then proceeded to effectively laud the benefits of a potential union, citing the many collaborations, and “more and more overlap…on so many fronts.” Musk noted the Digital Optimus “human office worker” project, a SpaceX-Tesla JV, is powered by the Grok AI chatbot developed by the rocket enterprise’s xAI unit, and that mobile and internet services provided by the SpaceX’s Starlink satellite network “getting integrated into all our car vehicles....

The house I grew up in was being knocked down. Rollins House, a rundown Art Deco former factory in south-east London, was the kind of building that looks like nothing until you know what it is: unglamorous on the surface, full of history underneath. It was where my mother lived and where I was raised, and a developer wanted the site for flats. We had to fight, but couldn’t afford lawyers.  I decided to teach myself planning law in between school exam revision. I pored over archives nobody else had opened, putting together a dossier of precedents that would help our case.  I stood in front of a council panel, making our case opposite a law firm with more experience than I had years alive. We won.  The experience taught me about the value of detail, how research wins out, and that outsized odds shouldn’t be intimidating.  A decade later, I had to channel that upstart teenager once more, sitting across from Thomson Reuters, which wanted to buy my AI re...

Alphabet made history in two ways on Wednesday. First, it had its most-profitable quarter in corporate history. Reporting $112 billion in profit, that’s its first 12-figured quarterly profit in history. But 69% of that came from unrealized paper gains on its stakes in SpaceX and Anthropic, not the core business, and Wall Street looked straight through it.  Stripping that out, however, Google still ostensibly had an excellent quarter; its cloud computing business, now the core of the company, soared 82%. So why did investors punish Alphabet today, sending their shares down nearly 7%, the worst day since tariffs? Because of the other record it set: for the first time in the company’s history, it became cash flow negative, meaning less cash entered the company than left it last quarter. Management also warned that 2027 capital expenditures would be “significantly” higher, further deepening anxiety on the Street. The company’s latest filing Thursda...

Innovacer CEO Abhinav Shashank was 26 when he walked away from paying customers like Disney and NASA to bet his general data analytics company on healthcare instead. Then he and his cofounders moved into Mercy Medical Center in Des Moines, Iowa, for four months. They lived inside the hospital’s IT department, seeing firsthand why doctors still start every visit by asking a patient’s name and date of birth. Word spread to hospitals in Nebraska, Texas, and California before Innovaccer had much of a sales team at all. That 2016 pivot allowed Innovaccer to cross $200 million in annual recurring revenue, Fortune learned exclusively. The current metric is now up from roughly $130 million last year.  Innovacer pulls data out of hospitals’ electronic health records and insurance claims systems, unifies them, and makes them usable for AI tools and care coordination. The company has raised $675 million total, including a $275 million round last year from B C...

A cold Diet Coke—sometimes paired with a shot of espresso—has become one of social media’s favorite afternoon rituals. Gen Z even gave it a nickname: the “ fridge cigarette .” That’s why it was so strange when Coca-Cola introduced a new font that eerily resembled an iconic one straight out of the cigarette world.  “Coke and Marlboro had a baby—and it’s a font!,” one X user wrote after seeing the company’s updated typography. Others echoed the comparison, saying Coca-Cola’s refreshed typography looked strikingly similar to Marlboros, in a case of reality imitating memes. Still others wondered whether the company had unintentionally leaned into the internet’s “fridge cigarette” joke. “Is Coca Cola rebranding like that because we all started calling ‘em fridge cigarettes???,” another fan questioned. Coca-Cola said the refresh was designed to create “one iconic look” across more than 200 markets by updating its packaging and typograph...

Bangkok’s heat index reached a scorching 51.9 degrees Celsius in late June, capping a stretch of danger-zone readings that began in April. For residents, it was just another sweltering day. But for policymakers and city leaders, including newly re-elected Bangkok governor Chadchart Sittipunt, it’s another wake-up call about the dangers of heat. Higher temperatures reshape how a city functions: People can’t work as long outdoors, businesses spend more on cooling, and tourists stay away during its hottest months. Bangkok and other rapidly warming cities across Southeast Asia are already preparing for a hotter future. But it’s set to get much hotter: Bangkok’s average daily maximum temperature is projected to climb to 38.1 degrees Celsius by 2050 , up from 33.3 degrees Celsius back in 2000. It would be the steepest rise forecast for any major Southeast Asian capital. The ASEAN Centre for Energy expects the number of “extreme heat days”–those with temperatures above 35 degr...