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The Latest Breaking News from Fortune

Asia is being hammered by the Iran conflict's economic fallout. The U.S. has the playbook to help—and every reason to

Energy prices up 70%, growth forecasts slashed, fertilizer shortages spreading: Washington needs to adjust its trade agenda.

Fortune

Betting on the Kentucky Derby is more popular than ever. So why is it so confusing?

Americans bet a record $234 million on a two-minute race last year. Getting that money down legally remains hard, thanks to Kentucky's laws.

Fortune

Blackstone's Steve Schwarzman built a program to teach young leaders about China. It's harder to get into than Harvard

Inspired by the Rhodes Scholar program, Schwarzman's philanthropic initiative brings students in their early-to-mid-20s to spend a year immersed in understanding how China works.

Fortune

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The Iran war has turned the world's shipping straits into a chessboard—and the U.S. aims to box out China from the Panama Canal to the Malacca Strait

As the war over the Strait of Hormuz wages on, the U.S. is quietly gaining more influence over the Panama Canal and the straits of Malacca and Gibraltar.

Fortune

Exxon Mobil CEO sees “more to come” on price spikes from Iran war as Exxon, Chevron beat on earnings despite plunging profits

Exxon and Chevron are maintaining a wait-and-see approach to Venezuela, but they're taking diverging paths in the booming Permian Basin.

Fortune

Billionaires have a problem money can't solve: they don't know how to talk to their kids

The largest wealth transfer in history is underway. But a new report reveals that the real obstacle isn't taxes, trusts, or market volatility — it's silence.

Fortune

Utility CEOs pocket $626 million as American energy bills hit record highs

With electricity prices rising, lawmakers are asking questions about business models at privately owned utilities.

Fortune

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CEOs got an 11% pay raise in 2025. Workers got 0.5%

A new ITUC-Oxfam report covering 1,500 companies found CEO pay is outpacing worker wages by a factor of 20—and the gap is only getting wider.

Fortune

A Chick-fil-A worker got fired and then showed up behind the register to allegedly refund himself over $80,000 in mac and cheese

The cheesy scheme allegedly netted a former employee over $80,000 in fraudulent refunds.

Fortune

A Mark Cuban-backed vegan cheese company trained AI to scrutinize cardboard boxes. It’s saved $400,000

Austin-based Rebel Cheese says an AI agent helped uncover shipping-box overcharges after a holiday rush and has saved the company $400,000 in one year.

Fortune

Forget Big Tech: Small businesses will hire nearly 1 million grads in 2026—and some of the hottest roles are gloriously AI-proof

While financial analysts and software engineers have suffered the biggest decline in share of the new grad job market, AI engineers and service technicians are at the top.

Fortune

MIT AI expert warns automating Gen Z entry-level jobs could backfire—and cost companies their future workforce

CEOs who cut entry-level jobs risk long-term fallout, warns MIT’s Andrew McAfee—as IBM and Salesforce double down on Gen Z talent.

Fortune

Former Miami Mayor Francis Suarez: Why I'm joining Stephen Ross and Ken Griffin in betting big on ambitious business leaders

The man behind Miami's viral "How can I help?" explains why he signed on as Senior Advisor to the Gold Coast's most ambitious recruitment campaign yet.

Fortune

By staying on the Fed's board, Jerome Powell could be doing incoming Chairman Kevin Warsh a huge favor

Powell will still be around to be Trump’s punching bag and take at least some of the flak for Warsh.

Fortune

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Tesla's former HR chief: the AI layoff panic Is built on a false premise—here's what most workers need to know

The hyperscaler math driving cuts at Meta and Microsoft does not apply to the companies where most Americans actually work.

Fortune

Apple just posted $111 billion in revenue. Now its incoming CEO and CFO are teaming up

Apple's next CEO, John Ternus, plans to continue the company's financial discipline into its next era.

Fortune

Current price of oil as of May 1, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Startup Fun raises $72 million for the serious business of converting crypto and cash

The crypto investor Multicoin Capital and the tech VC SignalFire led the Series A fundraise.

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Fortune

As the world swelters, companies scramble for ways to keep everyone cool

From record heat to rising energy costs, climate control is now strategic—helping companies like Trane Technologies post strong results as AI reshapes how buildings are managed

Fortune

The fruit fly cancer researcher who built his first prototype out of lollipop sticks and straws

For biomedical scientist Caíque Costa, fruit flies are where cancer breakthroughs begin. But caring for flies in a lab isn’t as easy as you may think.

Fortune

‘Cut up the credit cards:’ Members of Congress are getting brutal about ‘embarrassing’ $39 trillion national debt

“It’s only going to get worse until we cut up the credit cards and get serious.”

Fortune

SEON CEO: Prediction markets can forecast the future. Can they survive their own manipulation problem?

The prediction markets supercycle has outpaced its regulatory infrastructure — and the next 12 months of CFTC rulemaking will determine

Fortune

Apple’s new CEO said he will continue the company's tradition of secrecy—and Wall Street loved it

Everything you need to know before you reach the office this morning.

Fortune

Brian Niccol’s nascent Starbucks turnaround starts with treating workers better

Also: All the news and watercooler chat from Fortune.

Fortune

Hitting the 'GenAI wall': Where generative AI stops working, and what it means for your talent strategy

Companies that assume GenAI eliminates the need for expertise will hit the AI wall—and wonder why their workforce transformation has stalled.

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