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The Latest Breaking News from Fortune

National debt is already killing the American Dream, says top economist—and it might push the U.S. into an outright depression

“There are fewer opportunities,” Kurt Couchman added. “The opportunities that are there aren’t paying as well. Productivity is being suppressed.”

Fortune

The creator economy may be bigger than we think, and taxing side hustles will be a growing issue as an OnlyFans 'sin tax' is debated

"The side hustle has economic value, but the work is rarely recognized," Donovan said.

Fortune

Just when Wall Street and Corporate America were looking forward to a year without trade fears, the 'Tariff King' strikes again

Trump announced tariffs on eight NATO allies and said earlier in the week that countries that do business with Iran would be hit with a 25% duty.

Fortune

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Trump launches trade war against NATO after European countries sent troops to Greenland amid his takeover plan

"On top of everything else, Denmark, Norway, Sweden, France, Germany, The United Kingdom, The Netherlands, and Finland have journeyed to Greenland, for purposes unknown."

Fortune

The weak business case for Trump acquiring Greenland: a $1 trillion price tag and few returns for two decades

An annexation of Greenland would be the largest geographic acquisition in U.S. history—but financial rewards would be a long time coming.

Fortune

When AI decides how shareholders vote, boards need to rethink governance

Proxy advisors are moving away from one-size-fits-all recommendations, large investors are building internal capabilities, and now AI is on the scene.

Fortune

Making billionaires illegal by taxing their wealth wouldn’t even fund the government for a year, budget expert says

"What people don't realize," Penn Wharton Budget Model director Kent Smetters told Fortune, is there's "just not as much money there as people think."

Fortune

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Fortune 500 exec: College grads aren't ready for today's jobs

There's a missing link between college and career.

Fortune

Like DoorDash and Google’s CEOs, $7.6 billion Informatica boss is a McKinsey alum—he says being ‘pushed around’ by smart consultants helped him grow

The CEO of Informatica, Amit Walia, says he encountered imposter syndrome and critiques at the consulting giant. And McKinsey has proved itself as a training hotbed for future leaders, creating more Fortune 500 CEOs than anywhere else.

Fortune

Logan Paul tells Gen Z they can turn any passion into a career—he’s turned Pokémon, YouTube, and wrestling into an empire worth millions

The YouTuber-turned-entrepreneur says Gen Z has more opportunity than it thinks—if young people stop critiquing and start building.

Fortune

Stablecoins will shake up the $900 billion remittance market—setting up a fight between crypto firms and legacy brands like Western Union

There is huge room for disruption in a money transfer industry where fees are often as high as 6%.

Fortune

Warren Buffett's son says he didn’t know his dad was a billionaire until he was in his 20s—and his friends were just as surprised

“Our friends were as surprised as I was,” Peter Buffett said.

Fortune

Elon Musk’s Boring Co. is studying a tunnel project to Tesla Gigafactory near Reno

The surge of traffic, and accidents, on the highway that leads to the burgeoning industrial center in northern Nevada is driving a search for alternatives.

Fortune

ChatGPT tests ads as a new era of AI begins

Ads are coming to the bottom of ChatGPT’s answers for certain users—as the $500 billion startup looks to offset the massive costs of offering generative AI services.

Fortune

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Fortune

As Trump throws a bone to Gen Z on student debt, watchdog calls it an 'incoherent political giveaway,' straight out of Biden's playbook

Student-debt collections are being halted again, as they have for over half a decade now.

Fortune

The Nobel Prize committee doesn't want Trump getting one, even as a gift—but they treated Obama very differently

There isn't a Nobel double standard when it comes to regifting or auctions. One even sold for a whopping $103.5 million.

Fortune

Deficits boost U.S. debt but also inflate corporate profits and stocks, so reducing red ink could trigger a financial crisis, analysts warn

"In the financialized U.S. economy, each dollar of deficit spending may flow into a dollar of corporate profit."

Fortune

The calculated career risks that led a BNY executive to the C-suite of America’s oldest bank

In a CEO search, small moments can end a candidacy instantly.

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Fortune

Bill Gates isn’t even close to America’s largest private landowner. It’s ‘Silent Stan’ Kroenke, Walmart husband and LA Rams owner

Kroenke’s purchase of nearly 1 million acres of ranchland marks a growing trend of the ultrawealthy snapping up farmland as an alternative asset.

Fortune

When Jamie Dimon poached a top Berkshire exec, he called Warren Buffett, who said ‘If he’s going anywhere, at least he’s going to you’

Former Geico CEO Todd Combs had been at Berkshire since 2010.

Fortune

A filmmaker deepfaked Sam Altman—then things got personal

AI is already remaking filmmaking. One director's experience with a deepfaked Sam Altman shows how strange it can get.

Fortune

American students are interested in all types of degrees but a bachelor’s

Community colleges added nearly twice as many undergrads last fall as four-year schools.

Fortune

’Absolutely, positively no chance, no way, no how, for any reason’: Dimon says he'd never run the Fed but ‘would take the call’ to lead Treasury

The JPMorgan Chase CEO said he’s not willing to give up being his own boss.

Fortune

This CEO says wealthy families pay him $750k to get their kids into Ivy League schools

Elite families are still hedging their bets on elite universities despite AI fears, viewing college as a long-term investment in family wealth.

Fortune

Anthony Scaramucci thinks Trump's 'hard-left' move to cap credit-card fees is because he's 'texting back and forth with Mayor Mamdani'

The "mooch" says it really shows a pivot to "full nihilism." His podcast guest, longtime GOP strategist Stuart Stevens, called it "darkly hysterical."

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