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The Latest Breaking News from Fortune

Did Target’s CEO miss the mark by ignoring Minnesota?

Also: All the news and watercooler chat from Fortune.

Fortune

AI is changing the CEO's role—and could lead to a changing of the guard

Even seasoned CEOs must show they can match the speed of technological change—and generate tangible returns from investments in it.

Fortune

Target’s new CEO isn’t acknowledging the anti-ICE protests

Pressure is mounting on the brand-new CEO to speak out against ICE.

Fortune

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Indonesia's Danantara bets a new $6B SOE can save a textile industry from Trump tariffs and foreign competition

Yet some experts worry the new state textile giant could end up being a "dominant rival" to smaller players in the industry.

Fortune

Elon Musk’s SpaceX buys xAI in stunning deal valued at $1.25 trillion ahead of looming IPO

“My estimate is that within two to three years, the lowest cost way to generate AI compute will be in space,” Musk wrote in a post on SpaceX’s website on Monday.

Fortune

Oracle said it was ‘highly confident in OpenAI’s ability to raise funds and meet its commitments.’ Cue the stock fall

Oracle’s plan to raise $50 billion had shares rising. Then a tweet about its confidence in OpenAI triggered a selloff that spoke volumes.

Fortune

‘We are an n of 1’: Palantir hails ‘incredible’ earnings as stock rockets nearly 8% after hours

CEO Alex Karp hailed “one of the truly iconic performances” by any company while warning it was putting “enormous political pressure on our institutions.”

Fortune

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Devon Energy CEO: 'Stars align' to acquire Coterra for nearly $26 billion in combo of near equals as merger mania returns to the oilfield

The massive Permian Basin merger creates a combined Devon with a $58 billion enterprise value.

Fortune

Meet Matt Schlicht, the man behind AI’s latest Pandora’s box—a social network where AI agents talk to one another

Schlicht moved to Silicon Valley in 2008 without a college degree, long before he created Moltbook.

Fortune

If AI is roiling the job market, the data isn’t showing it, Yale Budget Lab report says, raising questions of ‘AI-washing’ to justify mass layoffs

Some analysts have projected AI will displace 7% of U.S. workers. Yale economists said it’s just too early to tell.

Fortune

Why Bitcoin is in a bear market: Analyst points to 3 factors after currency swoons below $75,000

The original cryptocurrency recovered slightly on Monday.

Fortune

California Gov. Gavin Newsom doubles down on his criticism of the proposed billionaire wealth tax

The California governor said the wealth tax “actually will reduce investments” in education, child care, and public safety.

Fortune

Nvidia CEO denies ‘nonsense’ report he’s unhappy with OpenAI: ‘I really love working with Sam’

“We will invest a great deal of money,” Jensen Huang said, while clarifying that Nvidia’s potential $100 billion investment was “never a commitment.”

Fortune

Top AI leaders are begging people not to use Moltbook, a social media platform for AI agents: It’s a ‘disaster waiting to happen’

Moltbook might be fake, but even worse, it’s dangerous to run on your personal computer, experts say.

Fortune

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Fortune

Trump is channeling Ford in his plan for a U.S. strategic rare earths reserve

Trump’s latest move to secure U.S. supply of irreplaceable materials is a callback to a Nixon-era strategy.

Fortune

OpenAI launches Codex app to bring its coding models, used to build OpenClaw, to more users

OpenAI is locked in an increasingly intense battle with rival Anthropic over tools to create AI agents. The debut of the Codex app comes weeks after Anthropic launched a similar Claude Cowork product.

Fortune

How a ‘spy sheikh’ bought 49% of the Trump family’s flagship crypto company: ‘We’ve got some pretty meaningful investors’

Investors with ties to the Abu Dhabi royal family signed a deal to inject $500 million into World Liberty Financial.

Fortune

Trump’s tariffs ‘woke the rest of the world up to the formula’ of leveraging economic firepower against trade partners, says Morgan Stanley CIO

“Our view is that this is a multiyear phenomenon that is worth investing in,” Morgan Stanley Wealth Management’s Lisa Shalett said.

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news in one place.

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Fortune

$15 billion tech CEO says she doesn’t know what jobs will look like in 2 years—but she’s still pushing her son into computer science

HubSpot CEO Yamini Rangan admits tech jobs are changing fast—but says Gen Z shouldn’t ditch higher education: “Depth in an area, combined with learning how to learn, is what really matters.”

Fortune

‘You’re not a hero, you’re a liability’: Shark Tank’s Kevin O’Leary warns Gen Z founders to stop glorifying hustle culture

The millionaire said eating well, getting sleep, and exercising, not overworking, will help founders “optimize.”

Fortune

In 2026, many employers are ditching merit-based pay bumps in favor of ‘peanut butter raises’

Bucking the trend of rewarding only top staffers, around 44% of companies are planning fixed pay bumps spread out evenly to all their employees—and it could help low-income workers.

Fortune

Elon Musk warns a new social network where AI agents talk to one another is the beginning of ‘the singularity’

“Just the very early stages of the singularity,” Musk posted on X on Saturday.

Fortune

Exclusive: Anthropic partners with Allen Institute and Howard Hughes Medical Institute

Rather than use AI to achieve scientific breakthroughs, Anthropic is betting AI agents can make the routine work of science more efficient.

Fortune

Why Colgate-Palmolive uses global rotations to develop leaders

Global rotations have become a key tool in how Colgate develops leaders.

Fortune

A crypto social media network’s failure raises an awkward question: Is blockchain good for anything beside finance?

The stablecoin giant has heaps of gold and has invested in a wide range of P2P technologies.

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