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The Latest Breaking News from Fortune

Bill Gates is shrinking his $132 million Xanadu compound amid sudden public withdrawal and Epstein revelations

Melinda French Gates told Fortune in 2008 that parts of the property were “a bachelor’s dream and a bride’s nightmare.”

Fortune

Warren Buffett becomes the latest billionaire media investor: His company just invested $352 million in the New York Times

Just five years after Berkshire Hathaway sold all 31 of its papers and Warren Buffett deemed the industry “toast,” the investor has rejoined a legion of billionaires with their money in media.

Fortune

Walmart exec says it’s ‘unfortunate’ that other companies are slashing workforces in the name of AI—it’s offering training to 1.6 million workers instead

Trillion-dollar retail giant Walmart says it’s not using AI to slash headcount. Instead, it’s providing workers with free access to Google AI training.

Fortune

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Sam Altman says not even the CEO’s job is safe from AI as it will soon perform the work better than ‘certainly me’

The OpenAI CEO thinks AI superintelligence is just a few years away, and “more of the world’s intellectual capacity could reside inside of data centers than outside of them.”

Fortune

MacKenzie Scott’s historic $20 million donation to a community college is now mired in controversy amid ongoing investigation

Santa Barbara City College’s board of trustees has launched an internal investigation over an unauthorized use of Scott’s donation.

Fortune

American Express and Visa alumni raise $4 million for Rhythmic, which partners with brands to provide financial products for their customers

Startup aims to make stablecoins more accessible to the general public.

Fortune

Trump’s tariffs are a ‘dirty tax’ that will make the $38.6 trillion national debt crisis even worse over the long term, top analyst says

“The idea that this is pro-American is actually just the opposite,” Wharton’s Kent Smetters told Fortune. “It hurts American manufacturers.”

Fortune

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From mom-and-pops to Goldman Sachs, Jesse Jackson’s vision for American business sparked a revolution

The civil rights leader, whose dealmaking skills pushed Wall Street to invest in minority-owned businesses, died on Tuesday.

Fortune

Exclusive: Just 5% of workers have this skill, according to Google, and they’re 4.5 times as likely to have a higher salary

The C-suite is pushing for AI productivity gains, but less than half of all workers are using the technology—or getting the proper training, according to a new Google report.

Fortune

The billion-dollar justification: why AI giants need you to fear for your job

Ask yourself about the giant job-loss narrative: whose interests does this story suit?

Fortune

A headache is already brewing for Kevin Warsh at the Fed, as minutes show some members don’t just resist a cut, but are open to a hike

“While Warsh may enter with a perceived dovish bias, he will first need to demonstrate that his views are anchored in economic fundamentals rather than politics.”

Fortune

The next 3 years will define capitalism for a generation losing faith in talent and hard work. Are CEOs up for the challenge?

Some business leaders tell me AI and other technologies will create new jobs; others foresee a “blood bath”.

Fortune

More CFOs are getting the top job—but can they keep it?

AI is now the wildcard for both reaching the CEO role and staying there.

Fortune

I'm partnering with Elliott to make sure Norwegian Cruise Lines’ best days are ahead

I spent over 30 years in the cruise industry, including as CEO of Royal Caribbean International. I'm used to people asking: What's going on at Norwegian?

Fortune

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Fortune

Exclusive: Badge raises $17 million to chase the next era of digital wallets

Badge has raised $17.1 million in funding, Fortune has exclusively learned. The company’s backers include Stripe.

Fortune

Fed confirms it obeyed White House request for an unusual ‘rate check,’ weakening the dollar against foreign currencies

“Something like this is extremely rare in foreign exchange markets,” ING says.

Fortune

Three scenarios for the AI economy: Fed governor outlines the future of work

Federal Reserve Governor Michael Barr reveals how AI could actually help job seekers by narrowing wage gaps and supercharging human productivity.

Fortune

It’s no time to go quiet on sustainability. Just ask beauty giant L’Oréal

L’Oréal is betting millions that sustainability can drive profits as well as protect the planet.

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Fortune

This Fortune 500 CEO says 'lean manufacturing'—Toyota's famous management philosophy—is a prerequisite for leveraging AI

Also: All the news and watercooler chat from Fortune.

Fortune

Despite a $400 million net worth and Hollywood career, Reese Witherspoon tells young people to stop chasing their dreams—and do this instead

Reese Witherspoon is telling young people to stop chasing that “dream job” and start getting brutally honest about what they’re actually good at.

Fortune

Google CEO Sundar Pichai says AI spending still makes sense as bubble fears mount

The Google CEO touched down in New Delhi this week with a string of new India investments in tow.

Fortune

Bill Gates has pulled out of India’s AI summit amid questions over his ties to Jeffrey Epstein

The Microsoft founder’s abrupt withdrawal, amid renewed scrutiny over his ties to Jeffrey Epstein, capped a chaotic few days for an event already dogged by cancellations, a robot scandal, and traffic gridlock.

Fortune

AI data centers in space are having a moment. Experts say: Not so fast

Proponents say orbital data centers could solve AI’s power and cooling crunch. Experts say that vision is far more distant than the hype suggests.

Fortune

Who is OpenClaw creator Peter Steinberger? The millennial developer caught the attention of Sam Altman and Mark Zuckerberg

Steinberger made $100M off his first company and quit coding. Now he’s back to show the world the “magic” of agentic AI.

Fortune

AI doomsday where many workers are ‘essentially unemployable’ is totally possible, Fed governor says

Federal Reserve Governor Michael S. Barr gave a speech on Tuesday with three scenarios, including one where you don’t have a job.

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