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The Latest Breaking News from Fortune

We’ve probably already seen ‘peak Trump,’ says Pimco, with the Oval Office now constrained by courts and midterms

“Markets may be reminded that under the U.S. Constitution, no president—even one as historic as President Trump—has unchecked power,” Pimco’s Libby Cantrill noted this week.

Fortune

Friday the 13th brings global selloff in stocks and gold as AI fear grips markets

But analysts on Wall Street this morning are suggesting that the selloff may be overdone.

Fortune

CEOs are still buying into the business case for sustainability, despite Trump's climate rollbacks

Also: All the news and watercooler chat from Fortune.

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Why choosing not to hire was the solution for my startup — we raised over $100 million and tripled revenue with the same people

Our startup, founded in 2020, wanted to understand whether we were building a company to scale or if we were about to mask deeper problems with headcount.

Fortune

Sam Altman’s fusion startup Helion Energy hits 150 million degree plasma temperature—a milestone that could bring first grid power in 2028

Helion Energy achieves plasma at a stunning 150 million degrees Celsius, well above the threshold to eventually generate stable fusion power.

Fortune

Why Singapore’s prime minister gave DBS and Grab a shout-out during the country’s budget speech

Lawrence Wong called on Singapore's companies to adopt AI “comprehensively”, and described DBS and Grab as firms "moving decisively on AI transformation."

Fortune

Workday lost $40 billion in value. Cofounder Aneel Bhusri is back with a $139 million bet he can turn it around

Workday’s compensation plan for its new CEO underscores how much of an uphill fight SaaS companies have in the face of AI.

Fortune

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Crypto lender BlockFills suspends withdrawals for clients in latest blow to the blockchain sector

During the digital assets crash of 2022, lenders made similarly protective moves.

Fortune

Instagram boss reveals he’s paid $900K per year plus stock worth ‘tens of millions of dollars’ as he denies ‘addiction’ claims

The plaintiff’s lawyer in a landmark social media addiction trial tried to connect Adam Mosseri’s compensation to Instagram’s policy toward filters.

Fortune

One of Wall Street’s most feared hedge fund managers on the decline of the dollar: Gold is ‘becoming the reserve asset’

Greenlight Capital’s David Einhorn, known for the “Einhorn effect” and years of touting gold, says the world‘s central banks don’t love dollars anymore.

Fortune

The flawed assumptions behind Matt Shumer’s viral X post on AI’s looming impact

Shumer misses key distinctions between software development and other professional tasks.

Fortune

Security experts are uneasy about OpenClaw, the bad boy of AI agents

The open-source AI agent pushes autonomy to the edge — thrilling hobbyists and unnerving security experts

Fortune

Billionaire founder of Minecraft slams anyone advocating using AI to write code as ‘incompetent or evil’

Minecraft creator Markus Persson has just issued a warning: That AI is “being forced down our throats” and that leaders behind the push are “evil.”

Fortune

The CEO of Google DeepMind juggles another job as the founder of a multibillion-dollar startup by starting a second workday at 10 p.m.

While many CEOs may set their alarm clocks for a 5 a.m. wake-up time, Google DeepMind CEO Demis Hassabis has just hit the pillow—oftentimes working until 4 a.m.

Fortune

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The tech billionaires aren’t just grabbing trophy Florida mansions—they have competing half-billion-dollar megayachts jostling for dock space

$500,000 annual docking fees and private marinas are all part of the package for Florida’s wealthy seagoers.

Fortune

Marriott's CEO identifies a 'fundamentally permanent shift' for Americans: Even low-income families are stubbornly hanging on to vacations

Anthony Capuano says Americans are stubbornly hanging on to vacations.

Fortune

The affordability crisis is driving unprecedented price cuts in the housing market, Realtor.com says

“Builders are clearly responding to today’s affordability pressures,” said Realtor.com chief economist Danielle Hale.

Fortune

Ford CEO Jim Farley knew the EV pain would be bad, but the ‘punch line’ is a $4.8 billion loss: ‘The customer has spoken’

The company is pivoting to a “high-volume, affordable end of the market,” meeting customers where they are.

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Fortune

Trump’s tariffs cancel out what he claims is ‘the largest tax cut in American history’: The average person will lose $300 even after refunds

“If the tariffs were out of the picture, it would be real relief for American workers and businesses,” the Tax Foundation’s Erica York told Fortune.

Fortune

The Trump administration is repealing a landmark climate change finding—but experts say the impact will be limited

The EPA rescission sets a dangerous environmental precedent, critics say. But legal challenges and prevailing trends mean the industry won’t “crank the CO₂ all the way up.”

Fortune

The 70/30 rule that separates millionaires from everyone else

“Sexy is how you go broke,” David Bach argues, saying millionaires know something others don’t: Boring is the real sexy.

Fortune

Google Gemini boss describes working with founders Larry Page and Sergey Brin to win the AI future

Demis Hassabis told Fortune it’s a return to the “shipping culture” from “the golden era of Google.”

Fortune

‘Fertility president’ Trump has demanded a baby boom, and Stanford researchers have a solution: Let more people work from home

“It seems like just such an obvious thing to do,” remote work expert Nick Bloom said. “As an economist, I don’t think I’ve ever seen the more obvious win, win, win policy.”

Fortune

Why 50% stay broke and how one hour a day can change everything

Next time you go to work, David Bach says, try paying yourself first.

Fortune

Why PayPal’s board chose to act early—and what other boards can learn

PayPal’s board is thinking like owners, getting ahead of investors before trust is lost and activists arrive to catalyze change

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