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The Latest Breaking News from Fortune

Who is Kevin Hassett? The rumored Fed pick says inflation is ‘way down,’ sees ‘political bias’ in jobs data, and suggested firing Powell over a renovation

“If you’d asked me a year ago, I would have said I think Kevin would be a good pick. I wouldn’t say that today. Kevin has been incredibly dishonest.”

Fortune

How a park bench meeting led to Aflac’s $200 million mascot idea

“Quack, quack, Aflac became the idea,” CEO Dan Amos told Fortune. The adoption of the avian mascot has coincided with a 621% run-up in share price.

Fortune

Netflix would be ‘killing three birds with one stone’ by buying Warner Bros. Discovery, BofA says

The global media industry is standing at the edge of a “historic transformation,” with Warner Bros. Discovery at the “epicenter,” Bank of America said.

Fortune

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Google CEO Sundar Pichai says we’re just a decade away from a new normal of extraterrestrial data centers

Google announced Project Suncatcher this month, with plans to launch prototype satellites to test AI hardware in 2027.

Fortune

The tariffs are raising $100 billion less than Trump expected. Pantheon Macro sees 3 reasons why, starting with China

Scott Bessent said in August that tariffs would raise “well over half a trillion, maybe toward a trillion-dollar number.” It hasn’t panned out that way.

Fortune

There’s a ‘once-in-a-generation opportunity’ in these stocks right now, no matter how the AI boom ends, market veteran says

“Typically, quality stocks have delivered their best returns after similar (but rare) periods of underperformance, which is why this moment feels so ripe.”

Fortune

Forget the four-day workweek, Elon Musk predicts you won't have to work at all in ‘less than 20 years'

“The advancements in AI and robotics will bring us to the point where working is optional,” billionaire Tesla CEO Elon Musk says.

Fortune

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Travelers, beware: Netflix just killed the ability to cast content from your phone to TVs

This is a major regression if you frequently use Netflix in hotel rooms or Airbnbs.

Fortune

At 21, Millie Bobby Brown has a $20 million net worth—as her Stranger Things paychecks dry up, she still uses her parents’ Netflix and shops at Target

Millie Bobby Brown may be worth millions, but the Gen Z actress admits she still has frugal spending habits, including “refusing” to pay for her own Netflix account.

Fortune

Elon Musk, fresh off securing a $1 trillion pay package, says philanthropy is 'very hard'

Musk’s giving style differs greatly from that of other billionaires.

Fortune

Trump says he has a name to replace Powell—so Wall Street may need to contend with a ‘shadow Fed chair’ for the next half year

With Powell’s Fed term ending, Trump readies a new chair. Analysts eye Kevin Hassett and fear a “shadow chairman” could reshape U.S. monetary policy.

Fortune

Trump’s new tax policies will cut the wealthy’s philanthropy by over $4 billion—and middle-class donors can't match the donations of MacKenzie Scott

Mega-donors like MacKenzie Scott and Melinda French Gates are funneling hundreds of millions of dollars into charitable causes, but Trump’s new tax policies could put billionaire giving in jeopardy.

Fortune

How upcoming business leaders are using AI to prep for high-stakes deal negotiations—and everyday interactions

Students at American University’s Kogod School of Business are learning how to use AI to sharpen the way they negotiate everything from job offers to high-stakes mergers.

Fortune

IBM exec asks job candidates whether they think we are in an AI bubble as a make-or-break interview test

Do you think we’re in an AI Bubble? Even the experts can’t agree. And weirdly, your opinion on all this could decide whether you get the job.

Fortune

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Fortune

Lyft CEO: This Giving Tuesday, I’m matching every rider’s donation

As you use Lyft to head to work, meet friends, or run an errand, know that your contribution – about 38 cents on average – will be tripled.

Fortune

How to handle ‘nepo babies’ in this economic climate

In a tough job market, some young people are turning to their parents for help and connections. But how should workplaces deal with “nepo babies”?

Fortune

Colleges risk getting it backwards on AI and they may be hurting Gen Z job searchers

Imagine if colleges had demanded that students rely exclusively on physical libraries and banned the use of Google Search?

Fortune

Crypto backers are betting on real-world service like hotspots and drones—even as the business case remains unclear

So-called DePIN projects invite users to invest in expensive sensors and receive tokens in return.

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Fortune

How a data and tech strategy fueled DoorDash’s rise

A new Fortune feature offers a deep dive into the company.

Fortune

How Campbell’s leaked audio turned a pantry staple into a PR crisis

Campbell’s holiday-season leak exposes how one executive’s misjudgment can reshape culture, trust, and the risks leaders create in private.

Fortune

The AI boom is driving valuations sky-high almost overnight. What could go wrong?

This year, a handful of top AI startups, from Anthropic to Harvey, have raised not just one giant round of funding, but two or more.

Fortune

Elon Musk says the only thing that can solve 'insanely high' $38 trillion national debt crisis is AI and robotics—but it would cause 'significant deflation'

After clashing with Trump on spending, Musk argues AI and robotics are the only path to easing record U.S. debt costs—and may even trigger future deflation.

Fortune

‘Santa Rally’ stalls even though a December cut from the Fed is a near certainty

Unfortunately, the tech sector is spoiling the party: Bitcoin sank to $85K early this morning.

Fortune

DoorDash CEO Tony Xu outmaneuvered meal delivery rivals by obsessing over his customer

Also: All the news and watercooler chat from Fortune.

Fortune

Insiders say the future of AI will be smaller and cheaper than you think

Bigger is not necessarily better, these execs say.

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