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The Latest Breaking News from Fortune

New York rent is so expensive this hybrid-working intern commuted by plane once a week—and it saved her thousands

Sophia Celentano's extreme weekly commute to Newark from South Carolina went viral on TikTok.

Fortune

IT service is reaching its breaking point. At Salesforce, we see 3 tipping points

The model is cracking and needs to be reimagined.

Fortune

Our data shows that companies of 500 and fewer workers mostly avoided the AI layoffs. They're making AI work for them

The Upwork Research Institute has identified a segment of companies maneuvering differently, poised to overtake enterprise in innovation and resilience.

Fortune

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Gen Z is on the fence about AI in the classroom. That’s a good thing

For all the handwringing about an “AI-fueled decline in learning,” teenagers may actually understand the stakes better than adults think.

Fortune

AI governance becomes a board mandate as operational reality lags

Fortune 500 companies are racing to formalize AI oversight.

Fortune

North Korea stole a record amount of crypto—again: report estimates its hackers’ 2025 haul at $2 billion

The country has now pilfered about $7 billion in crypto all-time.

Fortune

Want a job in AI-era tech? Forget prestigious degrees—tech leaders want to see your GitHub projects and internships

As entry-level tech hiring slows, one CEO warns avoiding AI skills would be like “taking crazy pills”—and says Gen Z must show real proof of ability.

Fortune

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This U.K. startup's AI platform could slash the cost of CAR-T therapy and other cell-based medicines

CellVoyant says its FateView platform can reduce the cost of producing viable cells for therapy by up to 80%

Fortune

The American voter is angry about one thing above all and Trump's tariffs are in the crossfire, Goldman's chief political economist says

Cost of living is the issue driving the midterms. Trump calls affordability a "hoax" when Democrats say it, but his tariff regime is showing cracks.

Fortune

Exclusive: Notion Capital leads $20 million seed round for startup automating building MEP design

Endra says it can reduce the time needed to design electrical systems from months to hours.

Fortune

Rivian CEO says midprice EV sales are still 50% Tesla: 'That's not a reflection of a healthy market'

Lackluster demand for electric cars in the U.S. isn’t because Americans don’t want them, RJ Scaringe said. There’s just few good options.

Fortune

‘Big Short’ investor Michael Burry piles misery onto tech stocks after Oracle fails to close AI debt deal

Of course, Burry has a conflict of interest in the form of a $1.1 billion short bet against AI stocks. So take his doom-mongering with a pinch of salt.

Fortune

Elon Musk says there will be ‘no poverty’ in the future, meaning Ray Dalio’s multi-million pledge to Trump Accounts would be essentially redundant

"It is certainly a nice gesture," Musk said. "But there will be no poverty in the future and so no need to save money."

Fortune

Federal investigation underway after Nevada’s safety regulator dropped violations against Boring Co.

Lawyers and regulators say the Nevada state agency’s handling of the safety investigation went against procedure.

Fortune

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Fed chair contender Christopher Waller says weak jobs data is strengthening the case for more rate cuts: ‘AI is stalling hiring'

Also: All the news and watercooler chat from Fortune.

Fortune

How Bentley’s brand is creating business advantage in disruptive times

The Supersports model is a loud and proud reminder of Bentley’s legacy, executed at a pivotal moment in automotive history.

Fortune

Intuit CEO says Gen Z is staving off recession by putting it on plastic: 'Credit card balances are up 36-37%, but they still have jobs’

Gen Z is making more money, adjusting for inflation, than previous generations at their age, but their dollars aren’t going as far as before.

Fortune

This Chanel chief launched her 40-year luxury career off the back of a failed teaching exam and a chance encounter at a student forum

Had she passed the test, she’d likely be a teacher. Instead, she's enjoyed a 40-year career, including 17 years at Chanel.

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Fortune

We 'don't have enough manpower' for the delivery boom, says Singapore-based robotics founder

Delivery is "still stuck at the last mile," says Quikbot founder Alan Ng, who is developing robots that can navigate Singapore's buildings.

Fortune

Embattled BP replaces CEO, naming Woodside Energy chief as first-ever woman leader of a Big Oil giant

BP’s new American CEO is a global traveler who just helped an Australian energy player grow worldwide.

Fortune

Coinbase just announced stock trading and new Kalshi-based prediction markets

The announcements come as the longtime crypto company is seeking to brand itself as the “everything exchange.”

Fortune

YouTube is giving the Oscars the lifeline it desperately needs

It ends a partnership with ABC that began in 1976 and fundamentally alters how Hollywood honors itself.

Fortune

Amazon CEO Andy Jassy announces departure of AI exec Rohit Prasad in leadership shake-up

Prasad’s exit comes after Amazon struggled to show its internal AI efforts could match those of rivals—and just as reports surface that Amazon is discussing a big investment into OpenAI.

Fortune

A U.S. oil blockade on Venezuela could ‘devastate’ its economy and further pressure Maduro. But how far is Trump willing to take it?

Questions abound about whether the White House will add new sanctions to oil tankers trekking to Venezuela and how broad the oil blockade will become.

Fortune

Experts say Amazon is playing the long game with its potential $10 billion OpenAI deal: ‘ChatGPT is still seen as the Kleenex of AI’

“If OpenAI wins the lottery, then they’d have the money to pay for this,” analyst Charles Fitzgerald said.

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