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The Latest Breaking News from Fortune

Costco executive promises the hot dog and drink combo will never cost more than $1.50—and here's why

The mythically low price of a hot-dog-and-soda combo hasn’t changed since 1985—and one former CEO says he received a death threat after wanting to hike it.

Fortune

Goodwill CEO says hiring managers are going behind their bosses backs and looking for workers with college degrees, not skills

Job ads may say skills over degrees. But for millions of Gen Zers without diplomas, the door is still firmly shut as Goodwill CEO warns hiring managers are quietly going rogue.

Fortune

Apple CEO Tim Cook wore a 1-of-1 pair of Nike shoes during his Japan visit—with custom hand embroidery made by a team of 15 women

The 64-year-old Apple boss is immersing himself in Japanese culture during his visit.

Fortune

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Starbucks continues to cut corporate jobs in turnaround bid: ‘Many are cost centers, not revenue producers,’ says expert

The company will eliminate about 900 more non-retail partner roles and many open positions.

Fortune

Trump’s overnight demand for 100% tariffs on pharmaceuticals will be ‘a meaningful commercial hit for U.S. consumers,’ top analyst says

The good news: There are several loopholes in Trump’s proposal that mean the impact of the new taxes may be limited.

Fortune

The Fed’s once oh-so-certain cuts for the rest of 2025 are already fading into oblivion

U.S. economic data keeps coming back stronger than expected, and frankly it’s raining on the parade for markets.

Fortune

Meet Arjun Sethi, Kraken's unusual co-CEO and VC firm chairman gunning for an IPO

Arjun Sethi become co-CEO of crypto currency exchange Kraken last fall. He's also the Chairman of Tribe Capital, one of the company's backers.

Fortune

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Under the radar, CEOs have growing concerns about U.S. commitment to free speech, science, and rule of law

Also: All the news and watercooler chat from Fortune.

Fortune

MasterClass CEO shares the secret to how jobless Gen Zers can get hiring managers to respond to their cold emails

AI may be gutting entry-level opportunities, but MasterClass CEO David Rogier argues it’s also Gen Z’s biggest shot to stand out—if they know how to use it.

Fortune

MrBeast’s $5 billion empire runs on generosity—but at a cost

The YouTube star has built much of his popularity on philanthropy-inspired content. But red ink and controversy are testing his model.

Fortune

The U.S. will now actually control TikTok’s algorithm, JD Vance says

With the Ellisons (Oracle) and Murdochs (Fox) in the mix, Trump allies are poised to take at least partial control over the app’s recommendation engine.

Fortune

Why Amazon’s $2.5 billion Prime settlement with the FTC is actually a giant win for the company

The surprise settlement between the online retail giant and the Trump administration happened just a few days into the trial over one of Amazon’s most important businesses. Amazon is paying a steep price—and taking a big win.

Fortune

With rural America starting to see huge financial losses from tariff policies, Trump offers vague aid package to farmers in the heartland

“The farm economy is suffering while our competitors supplant the United States in the biggest soybean import market in the world,” one agricultural trade group said.

Fortune

Behind the fall and resurrection of Jimmy Kimmel is a $6.2 billion merger and the companies that serve rural, conservative audiences

FCC pressure and multibillion-dollar mergers aren’t even the full story. The future of linear TV is up for grabs.

Fortune

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Fortune

The August home sales mystery: Top analyst says 'implausible' housing market data 'defies credulity'

Pantheon Macroeconomics' Oliver Allen says it's "inexplicable" that new home sales would jump to their highest level in more than three years all of a sudden.

Fortune

Google backs $3 billion deal with Bitcoin miner as Big Tech looks to crypto for compute

Bitcoin miners have increasingly courted AI companies, which require large amounts of computing power to stay competitive.

Fortune

Not a single place in the U.S. made the cut for top retirement destinations—but experts warn to weigh these 3 factors before moving abroad

For those seeking sunshine, safety, and affordability, retiring abroad is more appealing than ever. But you should do your homework first.

Fortune

Gen Z is so frugal they're doctoring 'heavy sodas' at gas station fountains throughout the country to make one drink last all day

The heavy soda hack is being celebrated on TikTok, with users showcasing their creativity and thrift as points of pride.

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Fortune

‘The frustration is overwhelming’: Soybean farmers feel betrayed as Argentina blows a hole in rural America’s $47 billion soybean bonanza

China will reportedly buy at least 10 cargoes of Argentine soybeans, further jeopardizing the U.S. export market, even as Argentina gobbles up Trump support.

Fortune

Elon Musk just sold Grok to U.S. government for 42 cents—and signals warmer ties with Trump

Washington is quietly handing Musk a foothold in the AI race with a licensing deal.

Fortune

Scott Bessent tells NYC to ‘drop dead’ while he arranges a $20B swap line for Argentina’s chain-saw-wielding, dog-cloning president

The Treasury Secretary looks at New York and sees a replay of the 1970s. He looks at Trump’s ally in Argentina and sees someone in need of rescue.

Fortune

Kraken quietly closes $500M round as its unusual CEO pushes toward the IPO finish line

Arjun Sethi shared his thoughts on Kraken’s unorthodox management structure, and how the company is ready for the fusing of crypto and traditional finance.

Fortune

Starbucks chases Gen Z nostalgia, betting $1 billion on plan to bring back the ‘third place’

The Starbucks workers’ union is not happy with the plan, which also includes store closures and hundreds of layoffs.

Fortune

'The most distrusted' bull market and economy of our lifetime: Another head-spinning revision rocks Wall Street

“We agree that the economy is strong and growing," says Northlight's Chris Zaccarelli, "but a lot of that good news is already priced in — and then some."

Fortune

Suzy Welch uncovered the reason Gen Z seems unhireable: Their workplace values don't match their Gen X and millennial bosses

Gen Z prioritizes values like self-care, helping others, and authenticity.

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