Will Facebook’s Libra Become the Go-To Payment System Where Banks Fall Short?

Europeans and Americans have their Visa and Mastercards. For everyone else, here comes… Libra? Facebook’s new Libra digital currency is aimed at a huge potential market for financial services–the entire developing world, with billions of people in areas such as India and Sub-Saharan Africa, where financial services are often less sophisticated and many people don’t […]

Coming Off Paris Air Show High, Here’s What Boeing Must Do to Get the 737 MAX (and Its Business) Back in the Air

Talk about turbulence. Boeing saw a stunning moment of redemption at last week’s Paris Air Show; then returned home to FAA reports of yet another potential flaw in the 737 MAX’s software. But beyond fixes to the plane itself, the company’s larger issue may be much more basic: Nick Hennen. This media relations advisor from […]

Term Sheet — Friday June 28

Chamath Returns Hello Term Sheet readers. It’s Lucinda, who is taking over this newsletter until you jet off to a hopefully sunny, but not too hot location for July 4. In the meantime, please send deals to lucinda.shen@fortune.com. Social Capital fell apart after co-founder Chamath Palihaptiya shook up his investing approach, with plans to make […]

Walgreens Stock Gets a Boost After Beating Earnings Estimates—But the Chain Still Needs a Prescription for Growth

Walgreens needs a strong prescription–for recovery. After Walgreens CEO Stefano Pessina called the second quarter “the most difficult” since the company’s acquisition of Alliance Boots in 2014, Walgreens Boots Alliance surprised Wall Street by beating third-quarter earnings, reporting adjusted earnings of $1.47 per share compared to Refinitiv expectations of $1.43. The drugstore chain’s stock shot […]

If the Economy’s So Good, Why is GDP So Low?

There’s something missing in today’s so-called historically strong economy: blowout GDP numbers. During the last half of the past century, the Department of Commerce released some pretty impressive GDP reports. Here are the highest annual real GDP readings during each decade from 1950 until 2000: 8.7% (1950), 6.6% (1966), 5.6% (1973 and 1978), 7.3% (1984), […]

Term Sheet — Thursday June 27

THE STUDENT DEBT BUBBLE Hello Term Sheet readers. It’s Lucinda, who is taking over this newsletter until you jet off to a hopefully sunny, but not too hot location for July 4. In the meantime, please send deals to lucinda.shen@fortune.com. Social Capital fell apart after co-founder Chamath Palihaptiya shook up his investing approach, with plans […]