President Joe Biden’s widespread student loan forgiveness plan was blocked for the second time in less than a week.

Here’s what happens next. 🧵 bit.ly/3O9nHUk 2) Since Biden announced his student loan forgiveness plan at the end of August, it has been hit with lawsuits by conservative and libertarian groups who say widespread forgiveness is unfair.

Some of the suits have been dismissed, including by the U.S. Supreme Court. But…

Fortune’s annual 40 Under 40 list shines a spotlight on ambitious and accomplished individuals shaping business in 2022.

These are the trailblazers influencing finance and crypto. bit.ly/3Gje03E 2) Anne-Victoire Auriault has been at Goldman Sachs for over a decade, but her rise truly began when she was appointed managing director in 2019.

Then, in 2020, she became one of the youngest women in the company’s history to achieve the rank of partner. bit.ly/3AkUBvA

The Pandemic Housing Bubble is bursting, and the swift pullback in demand has more economists uttering the most feared word in housing: bubble.

Here’s why. 🧵 bit.ly/3X6dImU 2) We’ve already seen home price growth rollover on a national basis. Between June and August, the Case-Shiller National Home Index showed a 1.3% drop in U.S. home prices.

That marks the first decline since 2012.

Fortune’s annual 40 Under 40 list shines a spotlight on ambitious and accomplished individuals shaping business in 2022.

These are the trailblazers influencing venture and startups. bit.ly/3Gje03E 2) One in every 10 adults has no credit history, and Wemimo Abbey’s (@Wemimo11) startup Esusu is working to change that.

After a $130 million Series B funding round in January, Esusu became one of a very few Black-owned unicorns in the U.S.
bit.ly/3UXdFaV

It’s no surprise that some workers are feeling a little anxious about a recession and the future of their jobs.

Here are a couple tips for spotting the worst before it happens. 🧵bit.ly/3TCckFA 2) It’s about your company’s trajectory, not your own.

If your company has cash runway for less than 12 months, it’s likely to consider a layoff to make the cash outlast the current slowdown, according to @Layoffsfyi founder @roger_lee.

Fortune’s annual 40 Under 40 list shines a spotlight on ambitious and accomplished individuals shaping business in 2022.

These are the trailblazers influencing culture and society. bit.ly/3Gje03E 2) Host of Call Her Daddy, @alexandracooper, has one of the most lucrative deals in podcasting: $60 million to license the podcast exclusively to Spotify for three years.

She’s become Spotify’s most popular female podcaster. bit.ly/3gb9Ujk

Fortune’s annual 40 Under 40 list is out and shines a spotlight on influential individuals shaping business in 2022.

Here’re some highlights from the list. 🧵 bit.ly/3GbBms5 2) Singer and entrepreneur @rihanna is worth an estimated $1.4 billion, the value of her Fenty Beauty is at least twice that.

Her lingerie and loungewear company Savage X Fenty raised $115 million in a Series B funding round and is now worth $270 million.bit.ly/3fYqT8N

Sam Bankman-Fried’s reach in the crypto universe extends far beyond FTX.

@leomschwartz and @AnneSraders looked at how dismantling his empire will ripple throughout the crypto ecosystem. 🧵bit.ly/3G9j0Yr 2) While Bankman-Fried’s personal holdings may remain in limbo, industry players suggest to Fortune that his companies’ privately held equity likely will be sold in the coming months, for pennies on the dollar. bit.ly/3G9j0Yr

💸The party may have finally ended for tech founder billionaires.

Here’s a look at this year’s poor tech earnings. 🧵 bit.ly/3gHOaeS 2) 📉$100 billion for Mark Zuckerberg

As Meta dives deeper into Zuckerberg’s metaverse vision, the share price of the social media giant has plummeted. Meta shares are now worth only $100, the lowest since 2016 and a fraction of its $382 peak price. bit.ly/3gHOaeS

3) P.F. Chang’s revenue rose 32% to $922 million last year, partly thanks to embracing digital tools like:

👉apps
👉delivery service
👉pick-up orders 4) What is Adamolekun’s key to success?

💬“I’m very data-driven,” he said in an interview with Fortune, explaining that his managing is basically a data-based decision-making process.

📈 The American economy is still growing.

But not for the reason you think. 🧵
bit.ly/3fmKDSS ➡️ After the U.S. economy contracted for the second consecutive quarter this summer, most Americans believed that a recession was here—even if economists weren’t so sure.

Even as Russian missiles continue to pound Ukraine, Vladimir Putin has already lost the war in one crucial respect.

Russia’s oil power is shrinking drastically, probably forever. 🧵 bit.ly/3NgyhbM 2) In a 524-page report, the International Energy Agency (IEA) laid out three scenarios depending on whether major countries stick to their green-energy commitments.

“Russian fossil fuel exports [will] never return in any of the scenarios…to the levels seen in 2021.”

Amazon, Netflix, and Meta did not make the cut for this year's Fortune 100 Fastest-Growing Companies list.

Here are the companies that took their spots instead.🧵 bit.ly/3TZWepR Our annual list ranks companies based on growth in revenue, profits, and stock returns.

Those metrics have been great lately for the energy sector, which has rallied on the strength of rebounding demand as COVID-related restrictions eased. bit.ly/3TZWepR

Your coworkers are begging you to stop using business jargon.

Here are the most hated corporate buzzwords in the U.S. 🧵 bit.ly/3SICjL9 2) The top ranking of “new normal” can be attributed to its association with the pandemic, according to online learning platform Preply. bit.ly/3SICjL9

🎥 YouTube’s richest creator MrBeast is seeking a $1.5 billion valuation.

It could be a massive milestone for influencer-led business. 🧵
bit.ly/3f5X1H7 2) MrBeast (real name Jimmy Donaldson) has a huge subscriber count of 107 million, and earns the most money of them all.

💸 Forbes estimates that Donaldson earns $54 million per year for his content alone.

🌎 Where will the next global crisis come from?

Researchers around the world are preparing for and predicting the most likely catastrophic events. 🧵 bit.ly/3W108jR 2) The International Chamber of Commerce is researching what could happen in the world during the next 75 years or so.

He’s seeing how businesses and governments can prepare for events that might be worse than COVID-19.

🎓A federal appeals court temporarily halted President Biden’s one-time federal student loan forgiveness plan.

Here’s how the lawsuits could impact you. 🧵 bit.ly/3TFMstc 2) ⚖️Nebraska v. Biden

Six Republican-led states are arguing the one-time relief plan would harm their tax revenues and investment portfolios, among other injuries. bit.ly/3SyD4pW

Elon Musk changed his Twitter bio to “Chief Twit" as his bid to buy the social media giant nears a close.

He told co-investors that he plans to close the $44 billion deal by Friday. bit.ly/3FftDIZ Elon Musk entering Twitter HQ.

More details on the developing story 👉 bit.ly/3FftDIZ

📉 There’s a heated debate going on across the country right now, and it centers on one critical question.

Is the U.S. economy in a recession? 🧵 bit.ly/3SDsgH5 💰Fed Chair Jerome Powell has said he doesn’t believe the U.S. is currently in a recession, pointing to the strong labor market as evidence.

Despite the Fed hiking interest rates five times, September’s 3.5% unemployment rate is the lowest in 50 years. bit.ly/3SDsgH5

Can Brussels raid the tens of billions of euros in Russian assets frozen by the European Union to pay for Ukraine’s recovery?

This thorny legal question is currently under examination by the EU Commission. 🧵 bit.ly/3TZSCnS 2) ➡️ The cash-strapped bloc is looking for potentially €18 billion ($18 billion) next year to keep Ukraine afloat as it fends off Moscow’s invasion.

Rishi Sunak is the richest person to ever occupy 10 Downing Street.

Here’s where his wealth came from.. ​​🧵 bit.ly/3W2fO6t 2) Rishi Sunak and his wife, Akshata Murty, have a combined net worth of around £730 million ($826 million), according to the Sunday Times—making the couple the 222nd-wealthiest people in the U.K.