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The Latest Breaking News from Fortune

Goldman Sachs CFO on the company's AI reboot, talent, and growth

Goldman’s OneGS 3.0 revamp is underway.

Fortune

If the Fed cuts interest rates today it may be the last round of cheaper money until June 2026

Only in June does a plurality—41.9%—emerge on CME FedWatch for a further cut, to 3.25%.

Fortune

Exclusive: U.S. businesses are getting throttled by the drop in tourism from Canada: ‘I can count the number of Canadian visitors on one hand’

Canadians traditionally make up the largest group of international tourists to the U.S.

Fortune

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Inside tractor maker CNH’s push to bring more artificial intelligence to the farm

CNH CTO Jay Schroeder says using AI to improve farming is a decades-long passion. "I grew up on a family farm…so for me, it’s personal.”

Fortune

Fed’s expected rate cut today is less about stimulating the economy and more about protecting the jobs market from ‘shattering’

A cut is something of an “insurance policy against a shattering of the U.S. labor market,” UBS chief economist Paul Donovan said.

Fortune

5 VCs sound off on the AI question du jour

Who better to ask about a bubble than a group who will collectively deploy anywhere from tens to hundreds of millions of dollars over the next decade into AI companies.

Fortune

Activist investors are targeting female CEOs—and it's costing Corporate America

Also: All the news and watercooler chat from Fortune.

Fortune

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New contract shows Palantir is working on a tech platform for another federal agency that works with ICE

The contract language suggests the new relationship aims to root out fraud including “wedding-based schemes” in immigration services applications.

Fortune

Databricks CEO Ali Ghodsi says his company will be worth $1 trillion by doing these three things

Databricks CEO says AI-powered coding, enterprise agents, and rapid app development could propel it into the trillion-dollar club.

Fortune

CoreWeave CEO: Despite seesawing stock, IPO was ‘incredibly successful’ after challenges of Liberation Day tariff timing

At Fortune Brainstorm AI in San Francisco, CoreWeave CEO Michael Intrator defended the company’s debt-heavy strategy and argued Wall Street is still catching up to its new cloud model.

Fortune

Physical AI will automate ‘large sections’ of factory work in the next decade, Arm CEO says

Reprogrammable humanoid robots could level the global manufacturing playing field, Arm CEO Rene Haas said at Fortune Brainstorm AI.

Fortune

‘Fodder for a recession’: Top economist Mark Zandi warns about so many Americans ‘already living on the financial edge’ in a K-shaped economy

The latest JOLTS report shows hiring stuck at 3.2% and quits falling again as the Fed prepares to cut rates.

Fortune

Exelon CEO: The ‘warning lights are on’ for U.S. elecgrid resilience and utility prices amid AI demand surge

The U.S. needs more generation, including renewables, and greater efficiencies to keep the grid from breaking down, Exelon CEO and president Calvin Butler said at Fortune’s Brainstorm AI conference.

Fortune

‘Customers don’t care about AI’—they just want to boost cash flow and make ends meet, Intuit CEO says

“A business is trying to get more customers. They’re trying to manage their customers, sell them more services.”

Fortune

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Fortune

The problem with 'human in the loop' AI? Often, it's the humans

New studies show AI tools beating human professionals in law and advertising—challenging the assumption that human-AI collaboration always produces the best results.

Fortune

Jamie Dimon taps Jeff Bezos, Michael Dell and Ford CEO Jim Farley to advise JPMorgan's $1.5 trillion national-security initiative

Former military commanders, politicians, and one of Warren Buffett’s top stock pickers are also joining the advisory group.

Fortune

OpenAI COO Brad Lightcap says ‘code red’ will force the company to focus, as the ChatGPT maker ramps up enterprise push

At Fortune Brainstorm AI, Brad Lightcap said the company is prioritizing ChatGPT improvements and enterprise adoption.

Fortune

Tesla promotes Optimus as its next big breakthrough, but one robot's collapse has sparked doubts about their current level of autonomy

Tesla used employees to control Optimus robots at its robotaxi event last year.

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Fortune

Trump’s $12 billion farmer bailout is a 'Band-Aid on a bigger wound' the American agriculture industry is still reeling from

“At the end of the day, the farmers, they just want to conduct business, not necessarily have to get these packages,” one agricultural economist said.

Fortune

Even the man behind ChatGPT, OpenAI CEO Sam Altman is worried about the ‘rate of change that’s happening in the world right now’ thanks to AI

Sam Altman admits the rise of ChatGPT may be moving too quickly for comfort as AI shakes up jobs, education, and the global economy.

Fortune

Google says its first Gemini-powered smart glasses are coming next year. Here’s what they can do

Google aims to not repeat the same mistakes it made with Google Glass over a decade ago.

Fortune

You're probably $30,000 short of what you need to buy a house—and you're not alone

More than 75% of U.S. homes on the market are unaffordable for the typical household, according to a Bankrate analysis.

Fortune

With millions of Gen Zers unemployed globally, the U.K. is investing $965 million to get young people working in AI, hospitality, and engineering

Over the next three years, the U.K. government will spend nearly $1 billion getting Gen Z NEETs back into the workforce. Meanwhile, young Americans face unprecedented joblessness.

Fortune

The 'forever layoffs' era hits a recession trigger as corporates sack 1.1 million workers through November

That’s the most since 2020—but then you have to go back to 2009 to find when companies let so many workers go.

Fortune

There is a simple fix for America’s job-quality crisis: actually give workers a piece of the business

My dad spent 40 years operating heavy machinery. He was proud of his work but he didn’t feel respected. Today, I see those same tensions are still with us.

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