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The Latest Breaking News from Fortune

Forget U.S. debt, China’s total borrowing is in 'a league of its own'—much worse and deteriorating faster, analyst says

China’s total debt across the public and private sectors is now 300% of GDP.

Fortune

AI isn't paying off in the way companies think. Layoffs driven by automation are failing to generate returns, study finds

A Gartner study found that while 80% of companies surveyed reported workforce reductions, there was no correlation to higher ROI.

Fortune

Poppi cofounder maxed out credit cards and sold her car to fund the company—now, she’s a multimillionaire after a $1.95 billion sale

Poppi cofounders Allison and Stephen Ellsworth made more than $100 million from the sale of their prebiotic soda brand—but their success required early financial sacrifices.

Fortune

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America's true innovation advantage: we don't just invent technologies — we reinvent how innovation works

From Bell's telephone to venture capital to AI startups, the U.S. competitive edge has never been the technology itself.

Fortune

This Gen Zer dropped out of college to become an influencer—now he’s a millionaire from selling products like Medicube and Neutrogena on TikTok Shop

Logan Walter, a 21-year-old content creator selling products on TikTok Shop, reels in a seven-figure monthly income making videos in his childhood bedroom.

Fortune

Current price of oil as of May 11, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

'You should not be in this game': Social media sold the credit card points dream, but it left out everything else

The industry has "sold the dream to people who probably don't need that dream sold to them — and should just be getting a flat 2% cash back card."

Fortune

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$96 billion giant ServiceNow doesn't see a 'SaaSpocalypse.' It sees the 'hard lift, heavy lifting' phase just beginning

From the sidelines of its biggest-ever annual conference, ServiceNow COO Amit Zavery talked to Fortune about what should and shouldn't be sexy.

Fortune

'He feels like that's more fulfilling than doing summer school at some fancy college': Ford CEO says his Gen Z son is choosing hands-on work

Jim Farley told Fortune that we're still only in the "second or third inning" of solving the shortage of blue-collar workers in the essential economy.

Fortune

Indosat CEO Vikram Sinha is building an AI for Indonesia's local languages. Can he make a business case for sovereignty?

Vikram Sinha wants Sahabat AI to be a platform for Indonesia's startups—even if he admits his team can't quite think of a "business case" right now.

Fortune

Tapestry thinks it's cracked the code of 'expressive luxury' for Gen Z: a 'Goldilocks' combo of aspirational and approachable

The Coach parent delivered a record quarter, with its flagship brand posting 29% revenue growth—powered by a Gen Z flywheel may be just getting started.

Fortune

California farmers must destroy 420,000 peach trees after Del Monte closes its canneries and cancels more than $550 million in long-term contracts

One Del Monte canning facility processed 30% of the state’s cling peaches, and its closure left growers with a glut of crops with no one to process them.

Fortune

Elon Musk called Anthropic ‘evil’ 3 months ago. Now he’s taking $4 billion to become its landlord

“He who controls the data center, really does control the application of artificial intelligence right now.”

Fortune

eBay bans GameStop CEO's account after he started listing store signs and old carpets to fund his $56 billion offer to buy the marketplace

Michael Burry dumped his GameStop shares over the eBay dealing, warning "never confuse debt for creativity.”

Fortune

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Fortune

Trump admits World Cup tickets are too expensive — days after Infantino insisted they were 'market rate' for America

"I wouldn't pay it either, to be honest," the president said.

Fortune

The average American car payment is now $680 a month — and millions can't keep up

The U.S. built its economy on cars — now the average monthly payment is $680, and millions are falling behind.

Fortune

The AI job apocalypse is 'unhelpful marketing, bad economics and worse history,' a16z says

So, then, why are so many historians afraid?

Fortune

Stripe CEO says a wave of token theft is wreaking havoc on the AI economy

Patrick Collison warned that token theft is so rampant many AI startups will have to stop offering free trials.

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Fortune

Two Americas, one drive-thru: Welcome to fast food's contradictory, split-screen economy

From McDonald's to Papa John's to Wingstop, Q1 earnings are painting a portrait of a nation sorting itself into winners and losers at the drive-thru window.

Fortune

Gen Z just broke the streaming model: A majority subscribe, binge, and cancel over and over, study finds

An IGN Entertainment study found younger viewers are less loyal to streaming platforms, but more willing than older moviegoers to treat theaters as a social event.

Fortune

Anthropic’s new SpaceX compute deal comes as anger—and conspiracy theories—spread around AI data centers

The scramble to build ever-larger AI campuses is fueling both legitimate community concerns and increasingly bizarre online fears

Fortune

The American Dream is moving to the Midwest—Michigan and Wisconsin beat the coasts for the hottest housing markets, Redfin finds

Wisconsin landed three of the top 10 spots on Redfin's 2026 ranking, as buyers priced out of coastal markets chase Midwest affordability.

Fortune

McDonald's posts better-than-expected first quarter sales. But higher gas prices threaten demand

“Clearly, when you have elevated gas prices... that is going to disproportionately impact low-income consumers," McDonald's Chairman and CEO Chris Kempczinski said.

Fortune

Airbnb CEO Brian Chesky warns two types of people won’t survive the AI era: ‘pure people managers’ and workers who resist change

Brian Chesky, the cofounder and CEO of $84.4 billion short-term rental giant Airbnb, says managers need to do more than meetings to stay afloat in the AI era.

Fortune

Addiction, emotional distress, dread of dull tasks: AI models 'seem to increasingly behave' as though they're sentient, worrying study shows

When AI models were given disphoric stimuli and asked about outlook for the future, the response was "grim." The smarter the model, the sadder they seem.

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