The Latest Breaking News from Fortune

Is AI the new China Shock?

When China joined the WTO in 2001, that one move set off the largest capital spending boom the world had ever seen. Twenty-five years later, here we are.

Fortune · Oct 9

‘You decided to evade them’: Former HSBC banker ‘clearly in a financial position to pay’ banned from finance for dodging $7,800 in fares

Joseph Molloy was banned not only from working in regulated financial services but also from the railway operator.

Fortune · Oct 9

Gwynne Shotwell’s $300 million SpaceX pledge to Trump Accounts shows billionaires a tax-smart way to give away their own company’s stock

New Treasury rules let the ultrawealthy send shares of their own companies to millions of kids, as long as the gift goes through a charity.

Fortune · Oct 9

NFL urges Supreme Court to back state gambling rules—breaking with other leagues on prediction markets

The league wants clarity “before another NFL season goes by” to preserve game integrity.

Fortune · Oct 8

Mark Cuban on why AI is the wrong job-killer target: It’s the health care costs, stupid

“It’s far easier to blame AI than it is to blame health care costs,” the billionaire and founder of Cost Plus Drugs said. The math makes his point.

Fortune · Oct 8

The Facebook whistleblower behind 'The Social Reckoning' says Zuckerberg is ‘playing with fire’ on AI

The real Frances Haugen on the new Sorkin film, Meta’s AI spending spree, and why a pause won’t work.

Fortune · Oct 8

Jev, an AI for making quick decisions, has been a viral hit. But OpenAI is hot on its heels

After helping develop ChatGPT, TypeSafe CEO Diogo Almeida spent two years building Jev, which went viral with developers. His former employer is now racing to catch up.

Fortune · Oct 8

‘Everybody knows you’re out of touch’: Palantir CEO Alex Karp says his own exec told him to stop hyping Foundry

Karp told a room of CEOs that his best ideas are the ones his team says can’t work, and that VCs once asked him: “Where’s the parasite?”

Fortune · Oct 8

‘Lipstick on a pig’: Trump’s red-dyed diesel plan is more midterms appeal than gas price solution, experts say—and even truckers are calling his bluff

As the Iran war keeps diesel prices above $6 per gallon, analysts say the only way to lower costs is to ease geopolitical tensions.

Fortune · Oct 8

Martha Stewart says Kmart once paid her $65 million a year in royalties—enough to bankroll her entire empire

Before “influencer” was a job title, Stewart turned a discount-store licensing deal into nearly $2 billion in annual sales. Then the ImClone scandal cost her about $1 billion.

Fortune · Oct 8