May 19, 2020 - Economy & Business

A record number of female CEOs now lead Fortune 500 companies

Courtesy FORTUNE

37 female CEOs lead Fortune 500 companies — the most ever — up from 33 last year.

The big picture: Walmart leads the list for the eighth year in a row as Amazon jumps to No. 2, its highest spot ever. Additionally, 17 companies made their debut, including Uber (No. 228), the new Fox Corp. (No. 280), and Science Applications International (No.466).

New York State is home to the most companies (54), followed by California (53), and Texas (50).

The top 10 on the 66th annual list (ranked by revenue for 2019 fiscal year):

Walmart
Amazon
ExxonMobil
Apple
CVS Health
Berkshire Hathaway
UnitedHealth Group
McKesson
AT&T
AmerisourceBergen

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Kia Kokalitcheva

Aug 6, 2020 - Technology

Uber stock drops after Q2 earnings results

Illustration: Sarah Grillo/Axios

Despite beating analyst revenue expectations for Q2, Uber missed earnings predictions and posted an overall drop in its business.

Why it matters: Uber has been hard hit by the coronavirus pandemic as people continue to limit their activities outside the home.

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Marisa Fernandez

2 hours ago - Politics & Policy

Downtown Chicago hit by widespread looting

Police officers inspect a damaged Best Buy in Chicago that was looted and vandalized. Photo: Scott Olson/Getty Images

Chicago police responded to hundreds of people looting stores and causing widespread property damage in the city's downtown overnight, resulting in at least one exchange of gunfire, the Chicago Tribune reports.

The state of play: Police superintendent David Brown said the event was a coordinated response after an officer shot a suspect on Sunday evening, per CBS Chicago.

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Fadel Allassan

2 hours ago - Economy & Business

McDonald's sues former CEO, alleging he lied about relationships with employees

Former McDonald's CEO Steve Easterbrook. Photo: Drew Angerer/Getty Images

McDonald's on Monday sued its former CEO Steve Easterbrook, seeking to recoup tens of millions in severance benefits while alleging he took part in and concealed undisclosed relationships with company employees, per the New York Times.

Why it matters: Corporations have traditionally chosen to ignore executive misbehavior to avoid bad press, but they have become more proactive — especially with the rise of the #MeToo and Black Lives Matter movements — in addressing issues head-on.