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The Latest Breaking News from Fortune

The S&P 500 is also in a K-shaped economy, says Apollo, with a widening gap between the winners and losers

Part of the growing divide between the rich and the average worker can also be traced back to where these households derive their wealth—namely, from their exposure to the booming stock market of 2025.

Fortune

From the Peace Corps to the boardroom: Humana CEO Jim Rechtin on listening and leading

In a conversation with Fortune, Rechtin said the health-insurance giant that primarily serves seniors is "not where we want to be."

Fortune

DBS rolls out Gen AI chatbot, as Southeast Asia’s largest bank incorporates AI in its workflow

The bank currently uses AI to handle tasks like fraud detection, algorithmic credit-scoring and employee training.

Fortune

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Dow futures rise as enough Democrats join Republicans to end the shutdown and 'surrender' on ACA subsidies

The breakthrough comes as Transportation Secretary Scott Duffy has issued dire warnings about air travel ahead of Thanksgiving.

Fortune

These GOP states would suffer the biggest blows if Affordable Care Act subsidies expire, analysts say

"While a relatively small share of the national population gets their coverage through the ACA Marketplaces, in some districts, the number of ACA enrollees could be enough to swing a close election."

Fortune

Trump promises a $2,000 tariff 'dividend' that Treasury secretary says could come via tax cuts already signed into law

"The $2,000 dividend could come in lots of forms, in lots of ways," Bessent said.

Fortune

Transportation chief rules out air travel for many Americans this Thanksgiving unless shutdown ends as flights are 'reduced to a trickle'

"Listen, many of them are not going to be able to get on an airplane, because there are not going to be that many flights that fly unless this thing doesn't open back up."

Fortune

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Move over, 30-year mortgage. The Trump White House is working on a 50-year option to break the housing market gridlock

FHFA Director Bill Pulte confirmed Saturday, “We are indeed working on The 50-year Mortgage – a complete game changer."

Fortune

Power, love and paychecks: 30 years of data from Finland reveals the dangers of dating your boss

Starting an office romance has its perks, but breaking up brings a steep price. The subordinate’s earnings fall by an average of 18%.

Fortune

Despite shortfalls, America’s retirement picture can improve

Vanguard finds roughly two in five Americans are on track to meet retirement spending needs, but there is typically a $5,000 annual spending shortfall.

Fortune

This CEO started his career pumping gas and cleaning windshields. He said it taught him the secret to climbing the ladder without stepping on others

Bojangles CEO José Armario went from pumping gas and flipping McDonald’s burgers to running a $1.5 billion chicken empire—he says remaining disciplined and humble will help Gen Z climb the corporate ladder.

Fortune

After selling his business for $532 million, this millennial says a life of leisure was surprisingly ‘boring’, so he’s choosing to go back to work

EXCLUSIVE: Wingstop UK’s cofounder went from hauling bricks for $5 an hour to building a $532 million business. It sounds like the rags-to-riches dream. But the reality was surprisingly ‘boring’.

Fortune

Goldman Sachs says we’re not in an AI bubble, and its young multimillionaire clientele are all-in on AI-energy investments and healthcare innovations

Goldman Sachs brought together 100 ultra-rich clientele at its annual At the Helm summit—but beyond Navy SEAL training and legacy chats with actress Mindy Kaling, AI was the talk of the town.

Fortune

For Gen Z, quiet luxury is dead—they're packing lunch at home while shelling out on conspicuous consumption

“The Gen Z consumer is highly fashion-engaged, spending slightly more of their budget on fashion.”

Fortune

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Fortune

Billionaire Peter Thiel warns if you 'proletarianize the young people,' don't be surprised they end up communist

"Capitalism is not working for a lot of people in New York City. It’s not working for young people."

Fortune

Trump wants his name on the Washington Commanders’ planned $3.7 billion stadium, and he has 'plenty of cards to play,' report says

"He can make it very difficult, through government environmental approvals and other things, to make sure everyone who wants this stadium to be built will join to put his name on it."

Fortune

It's not about inflation or the economy — the election instead delivered a 'wake-up call' on affordability politics, top pollster says

"But make no mistake, how much you pay at the cash register is going to determine who you vote for in these elections."

Fortune

American Airlines CEO says the government shutdown is impacting holiday travel bookings: 'Nobody wants to put up with hassle'

American Airlines canceled more than 200 of its 6,200 scheduled flights on Friday as air traffic reductions began.

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Fortune

Consumer sentiment is sinking across the board — except for Americans with the most stocks

"One key exception: consumers with the largest tercile of stock holdings posted a notable 11% increase in sentiment, supported by continued strength in stock markets."

Fortune

Elon Musk’s Boring Company fined nearly $500K after it dumped tunnel drilling fluids into Las Vegas manholes—and then ‘feigned compliance’ and was caught doing it again

A Nevada regulator accused Boring of dumping drilling fluids into a county sewage system in Las Vegas, the latest in a series of violations against the moonshot tunneling startup.

Fortune

AI’s hidden recession: How fewer jobs and cultural backlash create a governance crisis

AI will redefine how humans create value. Whether it also redefines who is allowed to create value will depend on the choices leaders make now.

Fortune

Trump’s unprecedented move to withhold SNAP benefits has nation’s largest food charity despairing: ‘The situation is catastrophic’

Feed for America said traffic to its online food-bank locator has jumped sixfold since the shutdown began.

Fortune

The broken narrative of higher education bears little resemblance to students’ real lives

Congress members’ own backgrounds and pop culture both play a powerful role in shaping the nation’s (negative) perception of higher education.

Fortune

Success doesn’t kill insecurity—even billionaires and Oscar-winners beg for feedback between takes, MasterClass CEO says

Even after becoming a CEO or Hollywood star, the drive for improvement is embodied among the most successful people, according to MasterClass CEO David Rogier.

Fortune

'Living and working in Florida is like being in a toxic relationship,' but the Northeast shows jarring differences, real estate founder says

"It's like having a multiple personality disorder" to see bidding wars in Long Island and discounts in Miami, Erin Sykes said.

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