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The Latest Breaking News from Fortune

Why the latest Bitcoin hack hurt more than most

The theft of $100 million from Coldcard hardware wallet owners stands out because it hurt people who did everything right.

Fortune

Jamie Dimon says Gen Z is wrong to give up on the American Dream—but admits it's ‘slipping’ away for the bottom 20% of households

“Good-hearted Americans, they’re not happy with that either. They don’t like to see their fellow citizens suffering at all,” the JPMorgan Chase CEO said.

Fortune

DeepMind's Demis Hassabis was everywhere—except the office

Everything you need to know before you reach the office this morning.

Fortune

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Rocket Companies CEO Varun Krishna wants to fuse Silicon Valley talent with Detroit grit

Also: All the news and watercooler chat from Fortune.

Fortune

Behind the exit of DeepMind’s CEO: low morale, a talent exodus, and model delays

Within DeepMind, current and former employees say tensions have been simmering for months.

Fortune

My $80,000 in student debt changed the next 10 years of my life — and that was in 1988. Imagine what it's like now

America cannot afford to make public service harder to choose.

Fortune

Top economist warns that the AI math doesn’t make sense: 'Profits are currently being funded by investors rather than earned from customers'

The AI boom has turned the standard profit margin model on its head, according to Apollo chief economist Torsten Slok—and it’s making the industry’s growth unsustainable.

Fortune

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Forget DeepSeek. China's real ‘Sputnik moment’ is happening on campus as American universities lose their advantage

China's tech rise runs deeper than any single breakthrough. Its universities generate critical technology patents at 8x the U.S. rate

Fortune

By propping up the yen, the U.S. and Japan are actually admitting dollar dominance isn't what it used to be, top economist warns

"When this message sinks in, other countries will redouble their search for more attractive, readily usable alternatives."

Fortune

Trump is betting that the U.S. naval blockade choking Iran's economy can achieve what bombs and missiles couldn't as more oil sneaks out of the Gulf

"We are just watching Iran with its huge inflation and the fact they have no money," Trump said.

Fortune

'Millennials are not punk kids anymore' — Ocasio-Cortez sees a 'generational tidal wave' driven by anger over economic futures sidelined by boomers

"And there is anger at being ignored, sidelined, having our economic futures mortgaged by the generations that came before us on everything from the economy to climate."

Fortune

Corcoran Group CEO says Gen Z's housing market struggles mirror what boomers faced 30 years ago: ‘Stop buying Starbucks coffee,' she advises

From skipping coffee runs to hosting dinner clubs, Corcoran Group CEO Pamela Liebman has one message for Gen Z: Getting your first home takes sacrifices—but it’s doable, even in today’s pricey market.

Fortune

CEO of $49 billion AI company says it’s ‘mind-boggling’ that people think you can work 38 hours a week, have work-life balance, and be successful

Cerebras cofounder Andrew Feldman warned aspiring entrepreneurs they need to be working “every waking minute,” echoing the likes of Zoom CEO Eric Yuan and LinkedIn’s Reid Hoffman.

Fortune

Why every company wants an AI model router right now

Surging agentic AI costs are making routers—software that allows organizations to choose the AI model for the right task—one of the hottest areas in enterprise tech.

Fortune

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Fortune

Everyone told them not to build a laundromat. They did it anyway.

Their advisers said building a laundromat from scratch was a mistake. Ireland McCaughey and Ben Razin knew they could prove them wrong.

Fortune

Your best employees may be hiding your worst problems

If one person is quietly holding your culture together, you're in more trouble than you know.

Fortune

AI's new millionaires want to disrupt philanthropy. They should fund what already exists

AI's newly minted millionaires should keep their "move fast and break things" ethos far away from philanthropy.

Fortune

Teenagers are shooting out over 50 applications and getting ghosted even for volunteer jobs: ‘I'll take anything at this point’

The summer job market has been “soul destroying” for teens in the U.S., Canada, and U.K.—but some are finding a way in.

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Fortune

Davidson College President: Is college worth it? Take a look at a new answer

Six months after graduation, 95% of our class of 2025 were employed or in grad school.

Fortune

A Gen Z worker got called out by their CEO for leaving 10 minutes early. Workplace experts debate who was in the wrong

“Is this normal?” A new workplace etiquette debate initiated from a young worker getting in trouble with senior leadership after leaving the office slightly early.

Fortune

Kalshi cracks down on insider trading as Trump family looks to increase prediction market presence

Prediction markets are becoming intertwined with the government, and Kalshi is trying to prove it’s policing insider trading.

Fortune

We're not dancing like no one is watching anymore. Actually, we're just not dancing—or talking, walking, or interacting anymore

Neighborhood socializing has cratered since 2012 as people stop asking their neighbors for help, or stop talking to them altogether.

Fortune

This nuclear startup and Halliburton repurposed oil-drilling tech in a bid to solve America's radioactive waste problem

Deep Isolation is betting on drilling wells to bury nuclear waste if federal regulations evolve.

Fortune

James Chen: What makes a good billionaire?

The chairman of The Chen Yet-Sen Family Foundation walked into the World Bank 20 years ago, convinced he had solved a problem affecting 2.2 billion people.

Fortune

Great disappointment will follow the Great Wealth Transfer as baby boomers pass on just a fraction of their fortune to millennials and Gen Xers

The good news for the younger generations is that boomers are already showering some of their money on their heirs.

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