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The Latest Breaking News from Fortune

Before California, France tried a wealth tax. Macron repealed it after rich people fled the country instead of paying

A 20-year French experiment with a wealth tax ended with mixed results, but its removal created problems of its own.

Fortune

Warren Buffett’s son signals a huge change for philanthropy as he prepares to give away $150 billion

Howard Buffett says taking “rule of law” into consideration when making donations is of paramount importance for philanthropists seeking to alleviate poverty.

Fortune

Anthropic CEO Dario Amodei’s proposed remedies matter more than warnings about AI’s risks

Anthropic CEO calls for AI companies to steer customers away from firing workers, wealthy tech billionaires to give away their money, and government to tax AI-generated wealth.

Fortune

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‘Country of geniuses in a data center’: Anthropic CEO sees every AI cluster having the brainpower of 50 million Nobel Prize winners

Dario Amodei, long an AI safety advocate, is excited and terrified by what’s coming from AI: It’s the “single most serious national security threat” facing humanity in 100 years.

Fortune

Inside the world of Rick Rieder, the $2.3 trillion insomniac who might soon run the Fed

Rick Rieder oversees roughly $2.3 trillion in fixed income at BlackRock. His obsession with risk has made him a market legend—and a surprise Fed chair contender.

Fortune

Major crypto bill overcomes obstacle as Senator cuts plan to target credit card fees

The much anticipated legislation has an easier path forward following weeks of turbulence.

Fortune

3 crypto companies think they’ve figured out how to generate yield on the $4.6 billion ‘tokenized gold’ market

Even if the price of gold goes down, holders of their tokens will be paid an interest-like percentage along the way, these companies promise.

Fortune

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Anthropic’s billionaire cofounders are giving away 80% of their wealth: ‘The thing to worry about is a level of wealth concentration that will break society’

As Elon Musk nears trillionaire status, Anthropic’s billionaire CEO is ringing the alarm that the ultrarich have an “obligation” to solve inequality before it’s irreversible.

Fortune

Why China’s ByteDance could be a big winner in its TikTok deal with Trump

ByteDance gets to keep its algorithm, manage activities like e-commerce—and focus on its next battle, AI.

Fortune

As AI wipes out desk jobs, Citigroup CEO Jane Fraser says the company is training 175,000 employees to ‘reinvent themselves’ before their roles change forever

Instead of letting Citigroup’s employees fend for themselves, the $205 billion bank has provided workers with an AI training mandate.

Fortune

For successful AI adoption, managers should focus on a different movie to drive transformation

How managerial transformation will pave the way for AI enterprises, with humans leading the way.

Fortune

Coming soon: a lost generation of employee talent?

Entry-level employees don't stay entry-level forever.

Fortune

Tether minted around $15 billion in profit last year—and its CEO makes a strong case for finance leaders to finally embrace stablecoins

A Fortune deep dive into Tether makes clear that stablecoins are shifting from crypto curiosity to core infrastructure.

Fortune

Don’t hold your breath for a Fed rate cut anytime soon. In fact, a hike could be in the cards

“Underpinning this is our belief that the labor market is improving, and that unemployment will decline ahead on a trend basis,” wrote Macquarie economists.

Fortune

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Fortune

Exclusive: Pace raises $10 million from Sequoia as enterprise AI collides with insurance

Pace is betting insurance is ripe for AI disruption.

Fortune

Fortune 500 Europe 2026: revealing the leading firms defining Europe’s global future

This autumn, Fortune will publish the Fortune 500 Europe, the annual ranking of the region’s largest companies.

Fortune

Pfizer’s CEO on leading after a moonshot—and making deals with Trump

Also: All the news and watercooler chat from Fortune.

Fortune

TikTok users panic over the app’s ‘immigration data’ collection in its new privacy policy, but the wording isn’t new. Here’s what it means

Experts say the phrasing has appeared in previous privacy policies and reflects legal requirements.

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Fortune

With Foot Locker in trouble, JD is set to pounce in the U.S.

With Foot Locker struggling, JD Sports sees a chance to grab market share.

Fortune

Ray Dalio says the U.S. is a ‘tinderbox’ after the Minneapolis shooting and Trump risks a ‘more clear civil war’

Whatever direction Trump takes in the wake of the killings in Minneapolis, Dalio said that the U.S. is already in a heightened state of tension.

Fortune

Target’s incoming CEO breaks silence on Minneapolis violence near HQ—read his full statement

After weeks of protests urging Target to take a stand against Immigration and Customs Enforcement, Michael Fiddelke sent a video message to employees.

Fortune

Trump's own Big Beautiful Bill could add $5.5 trillion to the deficit and sabotage his plan to 'grow out' of the national debt crisis

Prior to the passage of the One Big Beautiful Bill, Trump’s “growth” math stood a chance of closing the gap. Now it’s much harder to see it working.

Fortune

ICE alleged to use Palantir-developed tool that uses Medicaid data to track arrest targets

Big Tech is wrapped up in a growing list of contracts to aid ICE’s immigration enforcement operations.

Fortune

Ryan Serhant thinks the American Dream was just a 'slogan created by banks,' but it was really about FDR, the Great Depression, and an economic crisis

"It’s like student debt. Everyone needs to go to college. It was a device to create interest payments on student debt."

Fortune

Trump administration buys stake in USA Rare Earth as wave of government deals in critical minerals continues

The White House stake in USA Rare Earth could exceed 15% for the mining and magnet-manufacturing player.

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