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The Latest Breaking News from Fortune

The Fed is dusting off a 60-year-old economic theory to explain why AI's entry-level job cuts could devastate corporate America

Kenneth Arrow argued that experience-based knowledge ripples through the entire economy. Automating entry-level jobs doesn't just hurt young workers, it could hollow out the companies doing the cutting.

Fortune

The Midwest is leading America's spring housing rebound because of 'buyers who are actually showing up,' Realtor.com says

Kansas City, Louisville, and Indianapolis are powering the strongest spring housing market since 2022 as buyers chase affordability in the Midwest away from a cooling Sun Belt.

Fortune

Intuit CFO on why the company is simplifying its structure

CFO Sandeep Aujla says Intuit is flattening management layers and reorganizing around AI, speed, and long-term growth.

Fortune

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McKinsey partner says up to 50% of work hours could be transformed within the next 5 years

Anu Madgavkar, a partner at the McKinsey Global Institute, predicts that up to half of professionals’ working lives could be transformed by the turn of the decade.

Fortune

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

Billionaire Amazon founder, Jeff Bezos, says the bottom 50% of Americans should pay no federal income tax—and he plans to pitch the idea to President Trump.

Fortune

MacKenzie Scott gave away more than $7 billion last year—but her secretive style got her snubbed from a top donors list

“MacKenzie Scott is among the notable absences on the Philanthropy 50 list,” the Chronicle of Philanthropy said.

Fortune

Current price of oil as of May 21, 2026

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

Fortune

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Wall Street thinks there's a chance the S&P 500 could push 20% higher by 2027

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

Fortune

Trump Accounts have a bigger problem than billionaire stock donations

The debate over billionaire stock donations to children's investment accounts has obscured the real problem: 67 million eligible kids still don't have one.

Fortune

SpaceX's IPO filing is full of surprises

SpaceX’s long-awaited IPO prospectus was revealing. Here are some key takeaways.

Fortune

The U.S. freight network is broken by design. One merger could start fixing it

The Union Pacific–Norfolk Southern merger deserves scrutiny but also serious consideration, because the alternative is a system never built to work.

Fortune

Europe is considering price caps to control inflation. CEOs are shaking their heads in despair

With inflation fears stalking the globe, politicians are once again reaching for the wrong lever.

Fortune

The SpaceX IPO is a referendum on Elon Musk and his plan to colonize Mars

Also: All the news and watercooler chat from Fortune.

Fortune

'Flexible hot girl summer' is still on, but it's going to cost you

Your hot girl summer plans to Europe are still on, but just plan a few months ahead to save as much as possible.

Fortune

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Fortune

With bond yields surging to 4.7%, it's time to rotate out of stocks says Research Affiliates' forecasting model

Record stock prices, surging bond yields — Research Affiliates has surprising advice on where to invest for the next 10 years.

Fortune

Microsoft lost its way in the AI race. Can Copilot get it back on course?

An early alliance with OpenAI hasn't been enough to keep the software giant in first place. Here's how Satya Nadella and his team are refueling for the long run.

Fortune

Ex-Facebook exec Sheryl Sandberg tells Gen Z the 10-year career plan is dead thanks to AI: 'Don't script your career when the future is uncertain'

The former Meta says rigid career plans will backfire: "If I had one, I would have missed the internet," Sheryl Sandberg warned Gen Z.

Fortune

Vice President JD Vance rebuffs question about President Trump’s stock investments, says Trump is so wealthy he doesn’t trade stocks himself

Trump recently bought shares of Palantir, Dell, and Micron—all companies he has publicly praised.

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Fortune

Elon Musk's pay package reveals what SpaceX actually is: a $1 trillion monster built to colonize Mars

‘We do not want humans to have the same fate as dinosaurs,’ the prospectus reads.

Fortune

SpaceX IPO targets $28.5 trillion total addressable market, mission to 'make life multiplanetary' and understand 'true nature of the universe'

The long-awaited S-1 finally landed—and it shows Elon Musk's empire is far bigger, and more complex, than almost anyone knew.

Fortune

Blast Off: SpaceX finally files IPO prospectus, reveals revenue is up–but losses are too

In a S-1 filing replete with glossy photos of rockets and space, SpaceX gave investors the first peek at its business financials and plans for a massive IPO.

Fortune

SpaceX will be worth trillions, but the space station that made it possible is worth even more — if we don't squander it

SpaceX's IPO and NASA preparing to deorbit the ISS could mean missing out on trillions in untapped value — unless we build a bridge to the space economy.

Fortune

Antler CEO Magnus Grimeland says Silicon Valley doesn't have a monopoly on tech: 'People can innovate from almost anywhere'

Antler positions itself as a “day zero” investor, meaning it backs founders from the very start, before they’ve even started building their businesses.

Fortune

A 'proudly autistic' workplace expert says putting neurodivergent employees in a typical office is like dropping a polar bear in Austin, Texas

Daniel Wendler says most companies are unknowingly suppressing their neurodivergent workers — and leaving a serious competitive advantage behind.

Fortune

Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay

Syndio’s CEO and the founder of Salary Transparent Street told Fortune workers aren't just demanding to know what their colleagues earn—they want to know why. Most employers can't tell them.

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