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The Latest Breaking News from Fortune

Record-high utility rate hike requests of $31 billion nationwide in 2025 trigger rising electric bill spikes and public outcry

This year promises new scrutiny for justifying rate hikes and pressuring hyperscalers to cover their own power generation costs.

Fortune

A once-unthinkable C-suite appointment solidifies Walmart's new identity as a tech company

Also: All the news and watercooler chat from Fortune.

Fortune

Job clingers, beware: Research shows you’re more likely to regret staying in a bad job than quitting it

For anyone clinging to a job they hate, here’s a wake-up call: You’re statistically more likely to regret staying put than walking away.

Fortune

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California billionaires’ revolt over a wealth tax is ‘nonsense,’ architect says: A 1% annual tax won’t doom anyone’s business

UC Berkeley professor Brian Galle told Fortune he’s an “enthusiastic capitalist” and his tax ideas have nothing to do with harming the U.S. economy.

Fortune

Bonds 101: What investors need to know about the 'shock absorber of the portfolio'

Many investors ignore them, but bonds can help protect your assets when stock prices tank.

Fortune

Amazon is closing its futuristic Go and Fresh stores—showing logistics and tech aren’t enough to make old-school retail work

The e-commerce giant seems unable to nail the brick-and-mortar shopping experience.

Fortune

Tesla reveals $2 billion investment in Elon Musk’s xAI and officially kills the Model S and Model X

Tesla also scrapped its mission to “accelerate the transition to sustainable energy,” replacing it with a new goal of building “a world of amazing abundance.”

Fortune

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Microsoft demand backlog doubles to $625 billion thanks to OpenAI, but hefty spending and slower revenue growth spook investors

Future revenues in the form of RPO rose 110% on the back of a $250 billion commitment from OpenAI, but Azure growth slowed to 39% in the second quarter.

Fortune

JPMorgan, BofA will match the $1,000 'Trump Accounts' for employees' children. Here's how to open an account

"By matching this contribution, we’re making it easier for them to start saving early, invest wisely, and plan for their family’s financial future," Jamie Dimon said.

Fortune

How Samsung's first-ever chief design officer is reinventing the electronics giant for the AI age

Samsung turns to an outsider—Mauro Porcini—to conceive of AI-powered products that resonate with consumers and give the Korean giant a more global voice.

Fortune

Meta crushes Q4 as Zuckerberg bets big on a “major AI acceleration” in 2026

Zuckerberg says Meta is playing catch-up in AI. His answer: a “major acceleration” in 2026 powered by an enormous new spending commitment.

Fortune

Archer Daniels Midland hit with $40M fine in price-fixing probe, 30 years after fraud scandal

The SEC alleges ADM misled investors about profits in its nutrition segment, with former executives facing civil penalties.

Fortune

Every U.S. Olympian is going home with $200,000, whether they medal or not, thanks to a billionaire's $100 million gift

Financier Ross Stevens’ donation hopes to give athletes more financial security.

Fortune

Will ServiceNow’s earnings beat be enough to persuade Wall Street to value it differently from other SaaS players?

The workflow automation giant posted strong earnings and announced an Anthropic partnership, as it tries to convince Wall Street it deserves an AI premium.

Fortune

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Fortune

Jerome Powell says Fed independence isn’t lost … yet. ‘I certainly hope we won’t’ lose it

Powell made clear he believes the Fed can remain independent despite attacks from the Trump administration.

Fortune

The American taxpayer spent nearly half a billion dollars deploying federal troops to U.S. cities in 2025, CBO finds

Trump’s federal troop deployment to U.S. cities is costing about $93 million a month, according to the Congressional Budget Office.

Fortune

Here’s who topped the Fortune 500 in CEO pay last year—from Goldman’s David Solomon to Disney’s Bob Iger

Goldman’s David Solomon clinched the top position in early 2025 pay rankings.

Fortune

Judge hits Chinese crypto scammer who helped swindle $37 million from U.S. victims with 46 month sentence

The fraudster was part of a ring that carried out a scam known as pig butchering.

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Fortune

Scott Bessent on the 39% of young Americans thinking favorably of socialism: They’re just not invested in the stock market

“I think that dovetails somewhat—that 38% of American households have no exposure to equities,” the Treasury Secretary told CNBC. Let’s see in 10 years.

Fortune

Kalshi maintains a ‘perfect forecast record’ in predicting Fed rate decisions, beating professional forecasters, study finds

The National Bureau of Economic Research study found the prediction site showed “statistically significant improvement” over the Fed funds futures forecast.

Fortune

Football snubs Bill Belichick, one of its greatest ever coaches: It shows his unapologetic leadership style comes at a cost

How did it come to this, that maybe the greatest coach in NFL history won’t be a first-ballot Hall of Famer? As he might say, “We’re on to Cincinnati.”

Fortune

Fed holds rates at an unusual moment: Stocks at record highs, dollar under pressure, and Powell in the crosshairs

Two governors dissented in favor of a cut, including Christopher Waller, a top contender for the chairmanship to replace Powell.

Fortune

How CIOs and CHROs are working together to reimagine work as AI tools proliferate

As AI usage proliferates across more parts of the business, CIOs and CHROs are increasingly working together to launch new AI tools, upskill, and rethink workflows.

Fortune

Sam Altman reportedly says ICE 'is going too far' while praising Trump as CEOs toe the line with Minneapolis shootings response

The OpenAI CEO said there is a distinction between "deporting violent criminals" and the current situation in the U.S.

Fortune

Jeff Bezos capped his Amazon salary at $80,000: ‘How could I possibly need more incentive?’

“How could I possibly need more incentive?”

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