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The Latest Breaking News from Fortune

Putin finally admits Russia's economy is in trouble and grasps for answers, after warnings about a financial crisis have been piling up

Putin revealed that GDP shrank by combined 1.8% in January and February, adding that manufacturing, industrial production and construction were negative.

Fortune

The U.S. is ready to seize Iran-linked ships with boarding parties, report says, while Marines practice maritime raids

"During training evolutions like these, embarked Marines hone their skills for missions such as maritime interception operations."

Fortune

Iran's Hormuz whiplash highlights divide within regime as U.S. blockade tightens. 'The fight between different factions has started'

The Institute for the Study of War said in a note on Friday that the IRGC’s criticism of Araghchi is "reflective of broader divisions within the Iranian regime."

Fortune

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MacKenzie Scott has donated more than $19 billion—but it's barely made a dent in her net worth because of the power of Amazon shares

Since her 2019 divorce from Jeff Bezos, Scott has quietly donated $26 billion to HBCUs, DEI groups, and disaster relief—outpacing her ex-husband's lifetime giving.

Fortune

Zillow's CEO says his friends were shocked when he quit a cushy Microsoft job—but Steve Jobs led to his success at the $10.5 billion real estate firm

Zillow CEO Jeremy Wacksman left his cushy Microsoft job in 2009 to join the struggling real estate startup during the housing crisis. His friends had concerns—but he turned it around, thanks in part to Steve Jobs.

Fortune

The secretive $6 billion Vatican Bank was beset by scandals, disastrous investments—and even ties to the Mafia. How Pope Francis tried to fix it

The Vatican Bank has been plagued for years by financial scandals.

Fortune

AI's next act: how Salesforce is turning efficiency gains into revenue

Salesforce used AI agents to cut $100 million in support costs and handle 3 million customer conversations. Now it's deploying that tech for other things.

Fortune

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This founder was an AI layoff 9 months ago. Then he built an instantly profitable company with 2 partners and 12 agents

"We launched 2.5 months ago, and right now, we have $300,000 in ARR."

Fortune

Dana Perino was terrified to leave the White House — until George W. Bush changed how she thinks about her career

Former White House press secretary Dana Perino says George W. Bush taught her to stop rigid career planning and focus on now.

Fortune

Trump has already endorsed the Monroe Doctrine. Now he needs to endorse the Truman Doctrine

The president has a fondness for associating himself with "doctrines" of highly regarded predecessors. He should pay attention to one from more history.

Fortune

Tariffs alone won't save American manufacturing — here's what actually will

It's good to champion manufacturing. But steel tariffs raise input costs, the workforce pipeline is broken and supply chains can't be reshored overnight.

Fortune

From drought to demand: Biotech IPOs roar back with Kailera and Alamar

Strong demand for GLP-1 drugs and next-gen diagnostic testing is pulling investors back into life sciences, even as AI soaks up most venture dollars.

Fortune

Trump's big housing market solution is dead on arrival, UBS says—its model is Texas from 25 years ago

"There isn't a magic wand that will all of a sudden return housing affordability to its historic average tomorrow," ResiClub's Lance Lambert told Fortune.

Fortune

'We should absolutely be concerned about non-college-educated men today': higher rents, living at home, falling out of the labor market

"Very real economic forces" are "limiting the options for non-college-educated men," said Gabrielle Penrose of the American Institute for Boys and Men.

Fortune

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United CEO Scott Kirby and American CEO Robert Isom were once colleagues known as the 'dream team.' Now Kirby wants to acquire his rival

The dueling CEOs of United and American have a long history of circling each other in the industry.

Fortune

The ultra-wealthy have a new favorite status symbol: From a $14.5 million guitar to an $812,500 bottle of wine, rare collectibles are on a tear

Traditional luxury is losing its luster; unique and rare items offer a new way to flex.

Fortune

Something is different about Trump's $1 trillion war on Iran and its stress on the national debt, Harvard Kennedy scholar says

During the wars in Iraq and Afghanistan, debt held by the public was around $4 trillion. Now it's $31 trillion, and 15% of the budget pays down interest.

Fortune

Half of Iran’s workforce faces unemployment risk as the U.S.-Israel war's 'hidden target' was the labor market, economist says

“Even if the cease-fire holds, Iran’s most vulnerable people will suffer the long-term consequences of this 40-day conflict.”

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Fortune

Exclusive: Adam Silver on winning the Edison Achievement Award: ‘Sports remind us that some of the most important forms of innovation are human’

The NBA commissioner has an unlikely background to lead the league through crises and global expansion, but Adam Silver says executives should get hooped with some sports business know-how.

Fortune

The bond market would be a big casualty of the U.S. debt crisis, former Treasury secretary says

“We need an emergency break-the-glass plan, which is targeted and short-term, on the shelf, so it’s ready to go when we hit the wall.”

Fortune

Tether extends $127.5 million in funding to crypto platform Drift as critics blast rival Circle for failing to freeze hacked funds

The move brought Tether goodwill among users of the Solana blockchain.

Fortune

Iran and White House say the Strait of Hormuz is ‘completely open.’ But it definitely remains closed—at least for now

Iran remains unwilling to give up its control over the Strait of Hormuz for now.

Fortune

OpenAI’s policy chief says AI companies ‘need to do a much better job’ talking about AI as industry leaders face personal attacks

OpenAI global policy chief Chris Lehane is asking industry leaders to tone down the rhetoric.

Fortune

The power has swung back to employers—and workers are paying for it in benefits, flexibility, and leverage

With unemployment at 4.3% and quits near a multiyear low, employees are absorbing cuts they would have walked out on three years ago.

Fortune

Tourism had a record-breaking 2025 everywhere but the U.S., report finds, as international visitor numbers plummet by the millions

Foreign tourists are big spenders for the U.S. economy. Even a World Cup might not be enough to bring all of them back.

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