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The Latest Breaking News from Fortune

Trump says auto tariffs are permanent and doesn't care if they cause carmakers to hike prices — 'I hope they raise their prices'

"I couldn’t care less. I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty," Trump said.

Fortune

Some US oil executives see disaster in Trump's agenda while dismissing 'drill, baby, drill' as a 'myth and populist rallying cry'

"Energy markets are not exempt from the loss of public faith in all markets," one executive said.

Fortune

Trump seeks even more aggressive tariffs to fundamentally transform US economy and eyes a single universal duty, report says

Intense discussions are ongoing ahead of April 2, which Trump has billed as "Liberation Day," when his next batch of tariffs will be unveiled.

Fortune

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The ‘competition going on for supremacy’ between China and the U.S. may create benefits, says International Chamber of Commerce secretary general

"China has made and is making some huge, highly risky macroeconomic bets in order to drive what they see is this techno-driven industrial revolution that they want."

Fortune

Social Security employee warns 'people could be out of benefits for months' as staffers who fix payment glitches exit

"We will have cases that get stuck, and they’re not going to be able to get fixed."

Fortune

The housing market now has more ‘downside risks’: layoffs from DOGE and the trade war

A week of back-to-back housing data revealed a tiny boost in sales and modest improvement where home prices and mortgage rates are concerned. But don’t be fooled, housing is still unaffordable for many.

Fortune

How Joann Fabrics went from a cult-favorite retail darling to a bankruptcy disaster

Generational spending shifts, a leveraged buyout, and a post-pandemic whiff have all contributed to the death of a beloved American institution.

Fortune

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The 'menopause penalty': Many women in midlife see a drop in wages, new study finds

A new study asserts that women experience a drop in earnings at the end of their child-bearing years.

Fortune

The top 6 exercises this strength coach thinks everyone should do to stay fit

These foundational movements are essential to keep you strong and stable.

Fortune

Wall Street changes its tune on China as DeepSeek and policy hopes win back investors: 'Confidence does feel like it's returned'

“Absolutely [China] is investable,” said Jenny Johnson, CEO of Franklin Templeton, in Hong Kong on Thursday.

Fortune

The CEO of CoreWeave explains why they went public—And why they scaled back their initial offer

The much-anticipated debut is being seen as a litmus test for other AI companies.

Fortune

Why CoreWeave's lackluster IPO doesn't tell us much about business enthusiasm for AI

The company's debt-fueled business model make it a poor proxy for gauging AI enthusiasm more broadly.

Fortune

CoreWeave’s IPO disappoints in opening hours—but many buzzy tech IPOs remain in the pipeline

Shares in AI cloud provider CoreWeave started trading on Friday after what turned out to be a rocky IPO.

Fortune

Jury rules startup founder Charlie Javice guilty of defrauding JPMorgan Chase

Javice deceived the bank about how many customers her startup had. She will be sentenced in coming weeks.

Fortune

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Warned car tariffs will cost Americans $100 billion, Trump White House won’t budge—‘We must become a manufacturing powerhouse’

The Trump administration argues tariffs will help it rebuild an industrial base the U.S. squandered over decades through the wrong trade policies.

Fortune

Tesla shareholders who are furious with Elon Musk have 2 main options to advocate for change

Launching a lawsuit against Musk is unlikely to work, says a legal scholar.

Fortune

Oracle is reportedly among wave of tech giants hit by DOGE cuts, as defense secretary balks at ‘throwing more good taxpayer money after bad’

The Department of Defense announced $580 million in funding, grant, and contract cuts last week.

Fortune

Airbnb cofounder Joe Gebbia says DOGE is pushing to create an ‘Apple Store–like experience’ in government

Gebbia joined Elon Musk and six other DOGE members to share details of their planned federal overhaul in an interview with Fox News.

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Fortune

Boston Fed president says tariff-induced inflation ‘looks inevitable.’ She suspects the central bank will hold rates steady for longer

However, Susan Collins said the inflation could be short-lived.

Fortune

Putin says it’s ‘a profound mistake’ to treat Trump’s push for Greenland and its vast deposits of rare minerals as ‘some preposterous talk’

President Donald Trump has made U.S. control of Greenland a pillar of his second term’s burgeoning foreign policy.

Fortune

Lululemon adds to warnings about consumer spending as stock tanks 15% on weak revenue outlook amid tariff uncertainty

Lululemon's CEO said “consumers are spending less due to increased concerns about inflation and the economy.”

Fortune

This real estate billionaire prepared his son for succession by forcing him to work for a different boss—'You’re not going to work for me'

Billionaire Jorge Pérez shocked his son Jon Paul by refusing him a job at the family real estate company until he earned experience working elsewhere. The hard work paid off decades later, with Jon Paul now taking over as CEO.

Fortune

Expert blames phones as a driving factor for the declining birth rate that Elon Musk warns could lead to human extinction

This social scientist says to stop blaming childless cat ladies for the global fertility decline.

Fortune

Sam Bankman-Fried parts ways with ‘Diddy’ as feds transfer crypto con man from Brooklyn prison to Oklahoma

The former FTX CEO is presumably en route to California, where his parents live.

Fortune

Publishers, journalists and film producers attack plan for enforcing Europe's new AI law

Draft guidance for AI companies won’t ensure that they comply with the AI Act or EU copyright law, say rights holders.

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