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The Latest Breaking News from Fortune

U.S. stocks had a terrible year (relatively speaking)—you could have bet on Greece in 2025 and come out ahead

Investors are using non-U.S. stock markets as a hedge against the dominance of AI-related stocks in the S&P 500.

Fortune

AI chip designer Biren’s shares surge 76% on debut in Hong Kong

Biren’s strong start will likely augur well for two other AI-related stocks—MiniMax and Zhipu—that are set to list in HK next week.

Fortune

BYD posts slowest annual sales growth in 5 years, but China’s EV giant is still set to outsell Tesla for the first time

BYD sold 4.6 million vehicles last year, compared to 4.3 million in 2024. Monthly sales for December dropped by 18.3% year-on-year.

Fortune

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Behind luxury brands Michael Kors and Jimmy Choo lurks a holding company with millions in losses

Capri CEO John Idol’s fashion powerhouse of Michael Kors, Versace, and Jimmy Choo was supposed to rival LVMH. Seven years in, the company lost $1 billion in 2025, and revenues are in tatters

Fortune

Could 2026 be the year of the 4-day workweek? Here’s what top business leaders have predicted about the shift

Business titans from Elon Musk to Bill Gates made bold predictions that the workweek will soon be reduced to four days—or shorter.

Fortune

Quran used to swear in New York City’s mayor for the first time in history as Zohran Mamdani takes office

It dates back to the late 18th or early 19th century and belongs to the New York Public Library’s Schomburg Center for Research in Black Culture.

Fortune

Mamdani vows to ‘govern as a democratic socialist’ for every construction worker, halal cart vendor and spice-wielding cook in New York City

“Beginning today, we will govern expansively and audaciously. We may not always succeed, but never will we be accused of lacking the courage to try."

Fortune

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Mark Cuban says he doesn’t do calls and prefers email because ‘if we do it by phone, I’m going to forget half the stuff that we talked about’

Meanwhile, Gen Zers prefer email or text because of their anxiety about talking on the phone.

Fortune

Feds are hunting teenage hacking groups like 'Scattered Spider' who have targeted $1 trillion worth of the Fortune 500 since 2022

Rogue teens have attacked some 120 companies—including Nike, Chick-fil-A, Instacart, and News Corporation—often posing as IT staff.

Fortune

It’s New Year’s Day 2026. What’s open and closed?

Most federal services are shuttered, but the retail landscape remains mixed.

Fortune

CEOs say they are unplugging from the top job by cancelling all meetings and playing with Legos over the holidays

The leaders behind tech companies and multimillion-dollar cookie empires weigh in on work-life balance during the holidays—from strict screen time limits, to an annual trip to Costa Rica.

Fortune

Negative prices for electricity are getting more common in Europe and consumer costs have dipped—while Americans face rising energy bills

By September, the number of hours in Spain with negative prices had already topped 500 for the year to date, more than double the full-year total for 2024.

Fortune

Copper records biggest annual gain since 2009 on supply bets

The red metal has notched a series of all-time highs in an end-of-year surge, rallying 42% on the London Metal Exchange this year.

Fortune

Gold and silver stumble at the end of best year since the 1970s

“In my career, it’s unprecedented,” said John Reade, a market veteran and chief strategist at the World Gold Council.

Fortune

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Fortune

Dollar set for worst year since 2017 with Fed drama center stage

“The biggest factor for the dollar in first quarter will be the Fed,” said Yusuke Miyairi, a foreign-exchange strategist at Nomura.

Fortune

Canadian stocks set record for records in ‘jaw-dropping’ year

“The numbers themselves are somewhat jaw dropping,” said IG Wealth Management chief investment strategist Philip Petursson by phone.

Fortune

China buys two-thirds of pledged U.S. soybeans as 2025 closes

The return of Chinese buyers is welcome news for U.S. exporters, and a reminder that buying patterns can change fast — but it is not yet a full reset.

Fortune

Xi touts China’s AI, chip wins in triumphant New Year’s speech

“China has become one of the world’s fastest-rising economies in terms of innovative capacity,” Xi declared in a televised address on Wednesday.

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Fortune

JPMorgan says Javice firms billed millions just for ‘attendance’

JPMorgan said Charlie Javice’s “unconscionable” $74 million tab included charges for days court wasn’t even in session.

Fortune

‘You only find out who is swimming naked when the tide goes out’: Pearls of Warren Buffett wisdom on his last day in charge

Buffett's last day as CEO is Wednesday after six decades of building up the Berkshire conglomerate.

Fortune

5 states to ban soda, candy, other snacks from SNAP recipients under MAHA food-stamp push

Indiana, Iowa, Nebraska, Utah and West Virginia are the first of at least 18 states to enact the SNAP waivers.

Fortune

DOJ Epstein review swells to 5.2 million files, over 400 attorneys, source says

Attorney General Pam Bondi is facing pressure from Congress after the DOJ rollout lagged behind the Dec. 19 deadline to release the information.

Fortune

'Quiet luxury' is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

Wealthy buyers are expanding their housing horizons.

Fortune

Starbucks CEO Brian Niccol says a Reddit thread about people interviewing at the company convinced him his ‘Back to Starbucks’ plan is working

“If you don't like customer service, you're probably not going to like working at Starbucks. We're in that transition of getting people to understand that,” Niccol said.

Fortune

Trump Mobile says it's delaying its first-ever smartphone, and the government shutdown is to blame

Trump Mobile "had to pause everything on the FCC side of things" during the shutdown, which is why the golden $499 T1 smartphone won't launch this year.

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