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The Latest Breaking News from Fortune

AI enabled Klarna to halve its workforce—now, the CEO is warning workers that other ‘tech bros’ are sugarcoating just how badly it’s about to impact jobs

Sebastian Siemiatkowski, who told Sam Altman he wanted Klarna to be ChatGPT’s “favorite guinea pig,” says too many CEOs are downplaying how disruptive AI will really be.

Fortune

Bitcoin is ‘not an asset’ and has ‘no intrinsic value,’ says $225 billion investment company

HL is the third large financial institution to remind customers recently that crypto might be based on nothing, following Deutsche Bank and Elliott Management.

Fortune

Jeff Bezos says stress comes from ‘ignoring things you shouldn’t be ignoring,’ not from hard work: ‘You can be working incredibly hard and loving it’

“Likewise, you can be out of work and incredibly stressed over that,” the Amazon founder added.

Fortune

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Multimillionaire Shonda Rhimes built a billion-dollar TV empire but still hunts for discounts and clips coupons like Warren Buffett

Multimillionaire ‘Bridgerton’ producer Shonda Rhimes still hunts for bargains because ‘absolutely nothing’ changes when your dreams come true.

Fortune

America's real estate is aging in place, just like its population. Investors and CEOs can't ignore it

The wave of retirements is turning into a trickle in the real estate sector, too.

Fortune

Hiring managers of the world, you're judging Gen Z too harshly. The brain is still under construction from 14 to 24, science shows

From first jobs to future leaders: here's why employers must invest in young workers.

Fortune

Your new teammate is a machine. Are you ready?

Humans tend to over-rely on automated systems — but, worse, also favor its suggestions while ignoring correct contradictory information.

Fortune

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PepsiCo taps Walmart veteran as CFO, bets big on beverage revamp

The CFO change comes amid mounting activist pressure.

Fortune

Rick Perry’s AI power startup Fermi already has a $16 billion market cap—and zero revenue

Fermi’s partisan leanings even mean naming the site the “President Donald J. Trump Advanced Energy and Intelligence Campus.”

Fortune

Bridgewater’s Ray Dalio says U.S. divisions, debt, and “wars of all kinds” are testing America’s stability—warning history shows every world order eventually resets

Dalio said there are two outcomes for America: Either the nation pulls together and rises above, or conflicting sides exert as much pain on the other as they can.

Fortune

Global selloff underway as traders sour on U.S. government shutdown and doubts about Fed rate cut schedule grow

It’s not chaos, but it’s not good.

Fortune

How REI’s store closings in New York and Boston could derail the CEO’s efforts to win over employees

The CEO told staff that the co-op had to make some “tough choices” to fix the business.

Fortune

I'm the founder of a $1 billion travel unicorn. Here's what growing up in hotel lobbies taught me about leadership

I see companies less like machines and more like living organisms. Like an amoeba, you need to be semi-permeable.

Fortune

OpenAI COO Brad Lightcap on what history teaches us about AI and the enterprise race

Though much of OpenAI’s DevDay looked to the future, I was especially curious about what OpenAI COO Brad Lightcap had to say about the past.

Fortune

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OpenAI study suggests AI may be about to eclipse human expertise in real-world tasks

Also: All the news and watercooler chat from Fortune.

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This CEO got fired 3 times before becoming his own boss and selling his company for $1.6 billion—he tells struggling Gen Z that’s the point of your 20s

Scope3 CEO Brian O’Kelley lost millions getting fired. His revenge? Starting AppNexus the moment his non-compete expired—it sold for $1.6 billion.

Fortune

$1.8 trillion deficit revealed during 'pointless and wasteful government shutdown,' budget watchdog says

The U.S. is on track to borrow nearly $2 trillion per year for the next decade, the CRBF notes. "How can anyone think this is sustainable?"

Fortune

Exclusive: Coinbase and Mastercard have both held advanced talks to buy stablecoin startup BVNK for around $2 billion

Stablecoins have become a buzzy sector over the past year amid a red-hot IPO from the stablecoin giant Circle and recently passed legislation in Congress.

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Fortune

From ‘fear factor’ to ‘cognitive fatigue’: KPMG principal on the quarter when everyone started thinking about AI differently

Rahsaan Shears says we’re seeing the rise of “Renaissance skills,” but that doesn’t mean the workforce will be full of poetry majors.

Fortune

Google is tightening its ‘Work from Anywhere’ policy: Now a single day will count as a full week

The policy may lead to high-performer flight and unhappy workers, experts say.

Fortune

Delta’s bet on wealthy Americans driving the economy is working: Premium seats are set to overtake main cabin for the first time in history

Premium is on track to overtake main cabin in 2026, a year ahead of schedule, per the third-quarter earnings call from America’s most profitable airline.

Fortune

Billion-dollar tech company Starkey unveils a hearing aid with AI accessible enough for all generations to use: 'The ear is the new wrist'

The Omega AI model builds on Starkey’s mission to make their hearing aids more of a lifestyle device.

Fortune

Beware of the ‘hybrid creep’: Employers are silently sneaking in more in-office days without a major policy change—leaving many workers commuting way more than expected

Even in the age of flexible work, landing your dream hybrid job might not be enough to keep you safe from creeping in-office policies.

Fortune

Markets look unstoppable, but JPMorgan CEO Jamie Dimon sees a 30% chance of a correction: ‘I’m far more worried than others’

Dimon said when the bubble will burst is hard to predict.

Fortune

As AI bubble warnings mount, a 23-year-old’s $1.5 billion hedge fund shows how prophecy turns into profits

As central bankers warn of an AI bubble, Silicon Valley’s true believers are doubling down—turning AGI prophecy into cash, clout, and billion-dollar bets.

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