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The Latest Breaking News from Fortune

China went from uninvestable to unavoidable—and Hong Kong is cashing in with a slew of AI-centric IPOs

The boom in initial public offerings is boosting the city’s stature among the world’s exchanges.

Fortune

Investors are writing off any move from the Fed this month. Collapsing talks in Iran have sealed the deal

“It is too soon to identify potential second-round effects in inflation or labor markets,” cautioned UBS’s Paul Donovan.

Fortune

Tens of billions in days: CoreWeave shows how aggressively AI infrastructure is being funded

A landmark week for CoreWeave's capital structure reveals the aggressive financing strategies powering the AI infrastructure race.

Fortune

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As the U.S. Navy attempts to take control of the Strait of Hormuz today, Trump asks the Pope to shut up

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

Fortune

WeWork’s latest comeback bet fits inside a phone booth

Also: All the news and watercooler chat from Fortune.

Fortune

Stock futures sink while oil spikes as the U.S. Navy looks to squeeze Iran's economy and break its grip on the Strait of Hormuz

"CENTCOM forces will not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports."

Fortune

Blazing hot IPOs, an AI agent craze, and a new word for ‘token’: Here’s what’s happening in the world of Chinese AI

China hopes to build a “token economy,” backed by open-source models and real-world AI applications—even as U.S. export controls still hold things back.

Fortune

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Iran’s crumbling economy is the regime’s greatest weakness with prices up 40% since the war began while authorities worry about making payroll

An Iranian official told Reuters the country “will face a disaster” if sanctions aren’t lifted.

Fortune

Here’s how a U.S. naval blockade of the Strait of Hormuz could work. ‘This is a big task, and it’s a big gamble’

“It puts economic pressure on Tehran without destroying the oil facilities, which you should want to preserve into the future.”

Fortune

Intuit was an AI pioneer. Why its stock became a SaaSpocalypse casualty

Intuit spent years weaving AI and human experts into its business, only to see investors dump the stock in an AI-driven investor panic.

Fortune

This TikTok sensation sold her startup for $2 billion. Now Pepsi is letting 'Poppi be Poppi'

When Poppi started running TV spots, Ellsworth said the goal was to stand out as much as possible, doing the opposite of what’s expected.

Fortune

'Almost unmanageable’: Raising a child in the U.S. now costs more than $300,000

Costs are up 1.9% from a year ago, as rent prices have spiked across the country.

Fortune

Why some leaders are betting on Gen Z for the next chapter

While other leaders complain about their Gen Z new hires, others are promoting them.

Fortune

A 93-year-old refused to sell her home to the Masters golf course that’s spent $280 million on expansion: ‘Money ain’t everything’

Elizabeth Thacker lived next to Augusta National Golf Club her entire adult life and refused to sell her home to the club despite multiple above-market offers.

Fortune

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Legendary investor says the AI boom masks a deeper crisis: Falling sperm counts, shrinking populations, and vanishing resources

Jeremy Grantham remembers rattling investors in 2022: “I irritated the stock market players, irritated the newbies who were investing their Biden’s money.”

Fortune

I grew up in a family of entrepreneurs. Here’s what I had to unlearn to build a $1 billion business

I grew up in Switzerland surrounded by entrepreneurs: my grandfather in construction, my father in surveying, my uncles in packaging and construction.

Fortune

Turns out the American middle class didn't die. It got richer—and felt poorer

Since 1979, the American Enterprise Institute calculated, the ranks of the upper middle class, earning $133,000 to $400,000, more than tripled.

Fortune

America is not ready for its own longevity crisis — and 2026 is the wake-up call

As the oldest baby boomers turn 80, a broken patchwork of financial, health, and community systems leaves millions dangerously unprepared for longer life.

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Fortune

These cofounders quit corporate jobs, took on $100K in credit card debt, and slept in a Denny’s—now their $1.2B company is backed by Serena Williams

Wemimo Abbey and Samir Goel, the cofounders of fintech company Esusu, quit their corporate jobs and exhausted their savings on the road to unicorn status.

Fortune

The middle manager cuts saving you millions today will cost you everything in 2028

Flattening your org chart saves real money today. But you just eliminated the only system that actually developed your next generation of leaders.

Fortune

Born in Soviet Union, Grindr CEO was told he had two career options: Learn English or how to shoot a gun

Grindr CEO George Arison used the only public fax machine in town to smuggle his application across the border to America and escape the Soviet Union.

Fortune

‘People are trying to be creative’: Tariff-battered American companies are so cash-starved they are using refund claims as collateral for loans.

“It’s coming to the point where some people might have no choice,” one CEO told Fortune, saying more firms are looking to leverage refund claims from the levies.

Fortune

Former ‘Citgo 6’ political prisoner sees ‘karma’ in Maduro ouster, but Venezuelan oil won’t rebound until there’s true regime change

Former 'Citgo Six' captive sees democratic elections as the only way to build international business trust in Venezuela again.

Fortune

'This is the last warning.' Iran threatens U.S. warships after they throw down the gauntlet for winner-take-all Strait of Hormuz

“One of the things that commercial ships were waiting to see was whether or not this strait was clear, and sailing two destroyers in is a big one.”

Fortune

The petrodollar faces increased risk, but a petroyuan is ‘far-fetched’ as fears of U.S. losing superpower status are overhyped, strategist says

“Lastly, even Iran’s proposals for yuan- or crypto-denominated strait tolls are not meaningfully dollar-bearish; most stablecoins are effectively dollar-denominated instruments.”

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