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The Latest Breaking News from Fortune

China has ‘nearly erased’ America’s lead in AI—and the flow of tech experts moving to the U.S. is slowing to a trickle, Stanford report says

The U.S.’s $286 billion in private AI investment far exceeds China’s, but America is seeing its lead shrink in performance and talent.

Fortune

Self-made millionaire behind $5 billion Skims Emma Grede says it all began with a cold call to Kris Jenner: Emma Grede—the self-made millionaire behind the $5 billion Skims empire—says it all began with an audacious cold call to Kris Jenner: ‘The difference between me and someone else is, I made it happen’

Emma Grede runs multiple businesses with the Kardashians. In an exclusive interview with Fortune, she reveals that empire can all be traced back to one phone call she made to Kris Jenner that changed everything.

Fortune

Americans have never been this gloomy about the economy. Wall Street has never cashed in harder

“Stock markets respond to risks shifting around,” top economist Claudia Sahm told Fortune. “Households respond to reality.”

Fortune

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Attacks on Sam Altman's home are extreme. But the AI backlash is going mainstream

The AI industry spent years warning the world that its technology was dangerous. It seems people believe them.

Fortune

‘The college grading system [is] almost meaningless’: People see the Ivy League as an easy A and with flawed admissions standards

The committee offered 20 recommendations, spanning everything from protecting free speech, supporting “open minds,” fixing admissions, and tamping down on grade inflation.

Fortune

War in the Middle East hasn’t triggered a coal comeback, but it is boosting renewables

Countries have few incentives to permanently pivot back to coal, even during the worst energy disruption in history.

Fortune

Harvey’s 30-year-old CEO says failing is a ‘good way to learn’ and destroying his ego led to an $11 billion success

Winston Weinberg says he learns from both his wins and losses to stay on top in a hypercompetitive AI startup market.

Fortune

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Exclusive: Eigen raises a seed round from Benchmark to build the world’s first ‘mutual friend’

The company’s 22-year-old founder left high school at 17, and is now tackling the loneliness epidemic.

Fortune

MacKenzie Scott is bypassing the Ivy League and rewriting the $79 billion higher ed playbook by giving to HBCUs and community colleges

The billionaire philanthropist has directed more than $1.2 billion to HBCUs as Trump administration cuts threaten their survival.

Fortune

Gen Z turning its back on AI isn’t irrational—it’s a verdict on everyone who failed them

The most tech-native generation in U.S. history has soured on the defining technology of its era. The more they use it, the more they despair.

Fortune

The CEO of $8.5 billion Japanese car giant Nissan plays the drums in a band and hits the tennis courts to destress from the top job

Ivan Espinosa, CEO of Nissan, says playing the drums, tennis, and golf lowers his stress—a tactic quite different from that of Amazon’s Jeff Bezos.

Fortune

Trump has no plan to cut the $39 trillion national debt, but he does want to cut childcare. His budget director is scrambling to clarify

OMB Director Russell Vought appeared before Congress to answer questions about the request for the largest military spending boost since World War II.

Fortune

Everyone was wondering what Trump wanted more: Warsh smoothly seated at the Fed, or for Powell to pay. We have our answer

Republican sources told Fortune it was unlikely Warsh himself would be the cause of any vote against his candidacy, while Democrat sources say there is little he could do to convince critics that he isn’t a puppet of the White House.

Fortune

Palantir exec: the biggest mistake retailers are making with AI? Trying to do it all with one agent

AI, as most people understand it, is a single exchange—prompt in, answer out. But retail decisions are never single exchanges.

Fortune

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Fortune

Canva debuts a new suite of agentic tools, as the design app quietly becomes one of the world’s most used AI services

Canva AI 2.0 shifts the startup away from just “a design platform with AI services built on top,” especially as AI challenges the design SaaS space.

Fortune

‘The Pitt’ reveals why healthcare desperately needs a new front door

HBO's show captures the chaos of America's overcrowded emergency departments. The fix isn't bigger ERs — it's reimagining urgent care.

Fortune

Current price of oil as of April 16, 2026

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

Fortune

As a small business owner, I never expected to pay $100,000 protecting my business from ransomware

This is a $131 billion tax on the American economy, spread across small business owners like myself.

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Fortune

Most of you are rejecting AI. The data shows you’re running out of time

We have really strong feelings about AI, positive and negative.

Fortune

Bank of America's 18,000 financial advisors just got a new AI tool as the company posts a record quarter

A new AI tool for financial advisors is one sign of how Bank of America is weaving artificial intelligence into its business model.

Fortune

Two physicians on ending the waiting-room era: bring care home

Aetna CMO Benjamin Kornitzer and former Senate Majority Leader Bill Frist on why home-based care for America's sickest seniors isn't a vision anymore.

Fortune

The world's most — and least — miserable economies in 2025, ranked

Venezuela tops a new global misery index covering 178 countries, while Taiwan claims the happiest economy title for the second year running.

Fortune

Moody's CEO: AI has a trust problem – better models won’t fix it

Moody’s was founded over 100 years ago on the conviction that markets function better with transparent, rigorous and independent data and analysis.

Fortune

Top crypto VCs like Paradigm and a16z see portfolio values shrink amid market downturn and distributions to investors

Paradigm’s holdings dipped about 6%, while a16z’s dropped almost 40% as the venture giant gave back capital from its first three funds.

Fortune

Peace talks are back on while the U.S. plays cat-and-mouse with rogue ships in the Strait of Hormuz

Everything you need to know before you reach the office this morning.

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