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The Latest Breaking News from Fortune

As Silicon Alley turns 30, New York is building its own tech mecca

From the dot-com bubble to Datadog, New York has become its own version of Silicon Valley.

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How Pfizer’s CEO wielded moral clarity to help his team do the impossible

The pharma company had to scale vaccine production from 200 million annually to 3 billion at the pandemic's peak.

Fortune

30 years after the founding of 'Silicon Alley,' New York's tech scene is so big it has no center

Also: All the news and watercooler chat from Fortune.

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Goldman Sachs leads $75 million funding round for Fieldguide, an AI-native accounting and audit platform

Valued at $700 million, Fieldguide is combating the “existential” talent crisis in the CPA industry.

Fortune

Singapore to establish national space agency to seize opportunities in space economy

The World Economic Forum predicts the global space economy to exceed $1.8 trillion by 2035, up from $613 billion in 2024.

Fortune

This 'mutually assured destruction' threat in the $7.3 trillion JGB market helps prevent Japan from triggering a debt crisis — for now

"Yet the JGB has unique features going for it, which limit the odds that the next debt crisis will be made in Japan."

Fortune

How FedEx CEO Raj Subramaniam is adapting to the era of 're-globalization'

Subramaniam—FedEx's second-ever CEO, and a company lifer—now has to lead the Global 500 company without founder Fred Smith for the first time.

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Top energy expert says probability the U.S. will attack Iran soon is 75% as risk of major disruption to oil supply is priced in — 'this one is real'

“The markets are pricing the risk that this time the past will not indicate the future—that we could have a sustained disruption in energy flows.”

Fortune

China's export-led growth is looking more and more unsustainable while a real estate crash and reeling consumers fuel deflationary spiral

"China’s growth model is becoming increasingly difficult to sustain."

Fortune

Meet Walmart's new CEO, John Furner: Once an hourly worker, he'll helm the top company in the Fortune 500

Furner said he learned the value of hard work from his grandfather, who was a farmer.

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The AI adoption story is haunted by fear as today's efficiency programs look like tomorrow's job cuts. Leaders need to win workers' trust

When people feel exposed, they play small. Breakthrough ideas give way to micro use cases and firms refine today’s’ model instead of creating tomorrow’s.

Fortune

‘We’re not in a bubble yet’ because only 3 out of 4 conditions are met, top economist says. Cue the OpenAI IPO

Owen Lamont told Fortune about his “Four Horsemen” of the bubble apocalypse, and one hasn’t left the stable yet.

Fortune

In the age of AI, better meetings might be your company's secret weapon

Fortune 500 CEOs are cracking down on unproductive meetings. A Stanford PhD who's studied meetings for 15 years says they're not going far enough.

Fortune

Despite Airbnb CEO Brian Chesky and Steve Jobs praising micromanagers, a new survey ranks them among the most annoying coworkers

While Airbnb CEO Brian Chesky argued that Steve Jobs proved being “in the details” can be a gift to top talent, employees say micromanagers are wrecking morale and killing productivity.

Fortune

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The Chan Zuckerberg Initiative cut 70 jobs as the Meta CEO’s philanthropy goes all in on mission to 'cure or prevent all disease'

“We want to really double down” on AI-powered biomedical research, Mark Zuckerberg said.

Fortune

How Trump helped Harvard: 5 'Crimson' leadership lessons on standing up to bullies

The people and companies of Minnesota exhibit them, too.

Fortune

CEO of $1.25 billion AI company says he hires Gen Z because they’re ‘less biased’ than older generations—too much knowledge is actually bad, he warns

The founder and CEO of $1.25 billion AI identity verification platform Incode, Ricardo Amper, says Gen Z’s naivety is actually a powerful resource.

Fortune

Hims and Hers Super Bowl ad highlights 'uncomfortable truth' about elite healthcare for the rich and 'broken' system for the rest

The company is putting wealth inequality center stage as millions are expected to drop their Obamacare plans.

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Elon Musk’s optional work fantasy just got more real: UK minister calls for universal basic income to cushion the blow from AI-related job losses

This week, Anthropic CEO Dario Amodei warned of “unusually painful” disruptions to the labor market as a result of AI.

Fortune

BRICS could become a new pillar of global governance—if its rapid growth doesn't erode its newfound clout

Enlargement may look pretty on paper, but BRICS needs ground rules, enforcement, and even just a common message.

Fortune

Fed chair nominee Kevin Warsh could crush Trump's rate-cut hopes and risk suffering the same level of abuse that Powell got, analysts say

"Should Warsh find himself in the minority, he would have to decide whether he would tolerate being outvoted."

Fortune

Trump thinks a weaker dollar is great, but the U.S. needs a stable currency as national debt heads toward $40 trillion, former Fed president says

"And when you have that much debt, I think stability of the currency probably trumps exports."

Fortune

Silicon Valley legend Kleiner Perkins was written off. Then an unlikely VC showed up

For the first time in eight years, Kleiner Perkins opened its doors to a reporter. Fortune gets an exclusive look inside the legendary VC firm’s turnaround.

Fortune

Moltbook, a social network where AI agents hang together, may be 'the most interesting place on the internet right now'

"Moltbot feels like a glimpse into the science fiction AI characters we grew up watching at the movies."

Fortune

Ford CEO says he has 5,000 open jobs with up to 6-figure salaries from the shortage of manually skilled workers: 'We are in trouble in our country'

“We do not have trade schools. We are not investing in educating a next generation of people,” Jim Farley said.

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