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The Latest Breaking News from Fortune

Another ‘central casting’ central banker: Trump’s pick of Kevin Warsh fits a well-established pattern

Nearly a decade ago, Trump reportedly doubted Janet Yellen was tall enough to be Fed chair. His choice was Jerome Powell.

Fortune

An OpenAI IPO this year would test investor tolerance for the AI boom

The ChatGPT maker plans to go public in Q4 2026, according to a news report, but it’s still burning billions annually.

Fortune

Kayla Itsines became a millionaire at 22 and sold her fitness app for $400 million—buying a gas station paid her rent

Fitness mogul Kayla Itsines says the first investment that made her money, and paid her rent, was a gas station: “Don't put all your eggs in one basket.”

Fortune

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‘What do you think is going on with the stock price?’: Starbucks CEO Brian Niccol says baristas’ market savvy makes him proud

“I love it,” Niccol told investors. “Because, you know, that means they care.”

Fortune

Kevin Warsh went from selling racetrack pencils to Trump's new Fed chair pick. His advice for Gen Z: merit is the ultimate currency in the workplace

Before Wall Street and Washington, Kevin Warsh sold pencils at a horse track. His secret for success is simple: work harder than everyone else—and learn from the best.

Fortune

The new Fed chair’s billionaire father-in-law is a friend of Trump’s from college and has business interests in Greenland

Trump’s pick of Kevin Warsh pairs an inflation hawk with a deep Trumpworld connection through Ronald Lauder, a friend to the president for 60 years.

Fortune

Exclusive: Google DeepMind researcher David Silver leaves to launch his own AI startup

Silver’s new startup, Ineffable Intelligence, will focus on developing “superintelligence” using the same AI methods that led to Google DeepMind breakthroughs like AlphaGo.

Fortune

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Tech CFOs face a new challenge: Selling unprecedented capex as ‘disciplined’

Meta and Microsoft CFOs frame AI spending as disciplined, demand-driven.

Fortune

How to Choose a Mattress: The Ultimate Guide

Follow these steps to pick the best mattress for you.

Fortune

Meet Trump’s next Fed Chair Kevin Warsh: He wants a back-seat central bank, a more bullish monetary policy, and for his dog to live a really long time

Trump confirmed Warsh as the Fed chair nominee Friday morning. Here’s what might be in store for the central bank.

Fortune

America's AI regulatory patchwork is crushing startups and helping China

While U.S. entrepreneurs waste engineering talent on contradictory compliance regimes, Chinese AI companies operate under a unified national framework.

Fortune

$100 million-plus funding rounds used to be incredibly rare. Now, 40% of seed and Series A rounds are clearing that bar

The mind-numbing math pushing AI funding rounds into the stratosphere.

Fortune

Are you a cyborg, a centaur, or a self-automator? Why businesses need the right kind of ‘humans in the loop’ in AI

The 'human-in-the-loop' approach manifests in three radically different ways, with profound implications for performance and skill development.

Fortune

Starbucks CEO Brian Niccol's turnaround plan includes measuring stores on just five metrics

Also: All the news and watercooler chat from Fortune.

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As billionaires chase immortality, this startup cofounded by a Harvard genetics professor gets FDA approval for the first partial de-aging human trial

Life Biosciences will test its gene therapy designed to partially reset a cell’s age and potentially reverse vision loss in patients with glaucoma and NAION.

Fortune

Gen Z believes using AI is making their colleagues dumb and lazy, but may paradoxically see it as key to their own promotion, Wharton says

Nearly 80% of Gen Z believes AI is making people lazier, but the young generation has increased how much they’re using the technology, a Wharton-led survey finds.

Fortune

$14 trillion asset manager BlackRock aims to lock down execs to compete in the 'alts' gold rush shaking up the fund industry

The world’s largest asset manager is fighting to keep talent from leaving for rivals like Apollo, Blackstone, Goldman Sachs, and KKR.

Fortune

German prosecutors’ raid on Deutsche Bank hurts the lender’s attempts to leave its long history of compliance failures in the past

Investigators combed through the bank’s Frankfurt and Berlin headquarters just before it reported record annual profits.

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Fortune

Asia is one of the world's least insured places, even as it's battered by climate change and natural disasters

Total losses from natural disasters across Asia-Pacific last year totaled $73 billion, yet just $9 billion was insured, according to Munich Re.

Fortune

Apple’s blowout Q1 results were a reminder of what makes the company so impressive—and why it’s floundering in AI

Tim Cook proved his masterly ability to navigate tricky supply chains and deliver strong results. It’s not clear that will help Apple in the AI competition.

Fortune

Pfizer CEO says he used ‘emotional blackmail’ to get employees to achieve impossible goals during COVID-19

Albert Bourla admitted to going to extreme lengths to “save the world” and get the vaccines out faster during the COVID-19 pandemic.

Fortune

Tesla stock has never been more expensive by this measure—now boasting a 'core' PE of 632

After subtracting the sale of credits and digital assets, Tesla booked just $2.28 billion in "bedrock," repeatable earnings.

Fortune

Landmark crypto bill clears Senate hurdle but Democrats withhold support over lack of 'gryfto' rules to prevent Trump family conflicts of interest

The blockchain industry has raised millions in fresh funding to advance its political agenda in Washington, D.C.

Fortune

Top engineers at Anthropic, OpenAI say AI now writes 100% of their code—with big implications for the future of software development jobs

As AI coding tools become more sophisticated, engineers at leading AI companies are stopping writing code altogether

Fortune

$38 trillion national debt finds Democratic, Republican supermajority as watchdog sees ‘a major problem for America’s economic future’

Michael A. Peterson says the country is racing toward $40 trillion in debt.

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