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The Latest Breaking News from Fortune

Wall Street is pricing no ‘material drop’ in market thanks to consumers, says Fed’s Hammack—problem is, shoppers are increasingly shaky

Cleveland Fed chief Beth Hammack says markets expect strong consumer demand to keep fueling record S&P 500 gains—even as confidence slips.

Fortune

What Taylor Swift taught RBC CEO Dave McKay

Also: All the news and watercooler chat from Fortune.

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Investors are betting big on 'prediction markets' Kalshi and Polymarket—will the gamble pay off?

The two startups generated huge buzz by accurately predicting the 2024 election results. Their young founders still face long odds.

Fortune

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David Marriott reveals the correct way to pronounce the popular hotel chain—and you've probably been doing it wrong

The Marriott empire can be traced back to 1927, when David’s grandfather, J. Willard Marriott, opened a nine-stool A&W root beer stand in Washington, D.C.

Fortune

Tactics used in the Michigan church attack resemble a new 'hybrid threat' meant to maximize damage, security expert says

"That all creates chaos. It could create what we call a fatal funnel trying to drive people towards one location."

Fortune

A government shutdown would delay the jobs report at a critical time as the Fed weighs more rate cuts amid mixed economic signals

The September jobs report is expected to show a payroll gain of 45,000, up from 22,000 in the prior month, with the unemployment rate holding steady at 4.3%.

Fortune

Larry Ellison once predicted 'citizens will be on their best behavior' amid constant recording. Now his company will pay a key role in social media

“Citizens will be on their best behavior because we are constantly recording and reporting everything that’s going on,” Ellison said last year.

Fortune

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This chief people officer is leading ‘Gen Z training’ for managers at her $1.5 billion startup. Both sides have a lot to learn

Rebecca Adams, chief people officer of Cohesity, said Gen Z colleagues "share everything, which I admire," but sometimes "it also is mindboggling."

Fortune

Over the last decade, we've invested in over 20 unicorns. The machines will take millions of jobs—but they'll never lead like a human can

Begin redesigning now around human skills and phase out traditional hierarchies. Drill down and find out what your people bring that is uniquely human.

Fortune

Legendary filmmaker Werner Herzog on the ‘phenomenal stupidities’ of his beloved L.A., the dangers awaiting Gen Z, and ‘The Future of Truth’

These are “incredible times,” the director tells Fortune, “more incredible than anything we ever had in human history.”

Fortune

Everyone's wondering if, and when, the AI bubble will pop. Here's what went down 25 years ago that ultimately burst the dot-com boom

Sam Altman and Mark Zuckerberg have acknowledged the parallels.

Fortune

Half of the Fortune 500 are gone since 2000. History moves faster than we remember and AI is on the march

AI won't just change Fortune 500 business models—it will decide if massive companies survive.

Fortune

How much of the AI boom is underpinned by Nvidia's own balance sheet? Investors increasingly are asking.

While not a huge fraction of Nvidia's revenues, circular deals raise the spectre of past technology bubbles.

Fortune

Founders are using creative accounting to boost lofty ‘ARR’—the hottest startup metric in Silicon Valley

Annual recurring revenue is the metric VCs and founders love to tout. But skeptics think these overblown numbers are helping fuel a bubble.

Fortune

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‘Crazy Rich Asians’ star Henry Golding carried around a notebook with random advice strangers gave him, and he’s lived by one musing his entire career

Inspiration can strike in unlikely places, from Nvidia CEO Jensen Huang learning wisdom from a gardener to Uber’s cofounders creating the company to fix a common inconvenience.

Fortune

This teacher quit crowded classrooms to run her own microschool—now she’s earning over $100K and finally doesn’t have to work a summer job

The rise of microschools is enabling educators to reinvent their careers on their own terms, with higher salaries, smaller classes, and creative freedom changing what it means to teach.

Fortune

Entrepreneurs can make up to 70% more than paid employees per year, but there's high inequality among the self-employed

But "the typical dollar in self-employment does not come from the typical self-employed individual," according to a Minneapolis Fed study.

Fortune

Walmart CEO wants 'everybody to make it to the other side' and the retail giant will keep headcount flat for now even as AI changes every job

But Walmart's 2.1 million-strong workforce will change in composition due to AI.

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news in one place.

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Fortune

A gauge of future home sales just turned negative—despite 9 straight weeks of falling mortgage rates

“A lot of buyers are hesitating because they’re worried about potentially losing their jobs, losing money in their stock portfolio, and the economy in general."

Fortune

Ken Griffin has a warning for Trump and the GOP: 'I would not underestimate how grating a 3% inflation rate could be' on Americans

Fed independence works in Trump’s favor too, Griffin added.

Fortune

The U.S. economy is running even hotter than previously thought, and GDP growth could reach 4% in Q3

Stronger GDP also means the Federal Reserve will be under less pressure to lower rates aggressively.

Fortune

Sean Evans says progress doesn’t have to be fast to be meaningful: 'Glaciers can change landscapes, but they don’t do it with their speed'

The 39-year-old spent years as a copywriter and freelancer before hitting it big with Hot Ones.

Fortune

I'm the former CEO of a $12 billion health care company and I serve on many boards. AI deserves a seat at the table

I see a lot of directors raise their hands to say that they currently use AI. The hands drop when asked if they use it for board business.

Fortune

Accenture's $865 million reinvention includes saying goodbye to people without the right AI skills

“This change is so big,” Accenture CEO Julie Sweet told Fortune, ”this is reversing five decades of how we’re working.” Higher headcount is still expected.

Fortune

AWS head of Energy & Utilities: AI is the grid's turning point—and its salvation

The grid was built for a different era but this is a rare moment of alignment.

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