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The Latest Breaking News from Fortune

Cursor has growing revenue and a $29 billion valuation—but CEO Michael Truell isn't focused on an IPO

CEO Michael Truell says the AI coding startup hit $1 billion in annualized revenue last month—but it's focused on building features, not going public.

Fortune

‘We have not seen this rosy picture,’ says ADP’s chief economist, who warns real economy will look pretty different from Wall Street’s bullish outlook

“We’re tracking changes in real time—it’s as high-frequency as payroll data [can] get, and we have not seen this rosy picture for 2026 in the data,” ADP’s Nela Richardson says.

Fortune

Business leaders make their 2026 predictions for the Magnificent 7

Also: All the news and watercooler chat from Fortune.

Fortune

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Student discounts made him a millionaire, a heart condition made him rethink life—now this millennial founder spends half the year in the French Alps

The Student Beans cofounder balances London with Alpine slopes, waking up no earlier than 8 a.m. and redefining what work-life balance means.

Fortune

Google DeepMind agrees to sweeping research collaboration with the U.K. government

The collaboration will see the AI company collaborating with the British government on a robotic lab for new materials, fusion energy, and new research into AI safety and the societal impacts of AI

Fortune

Top economist Diane Swonk: Jerome Powell risks losing the Fed’s credibility on a gamble over AI and immigration

It all comes down to the reason behind the weakness in unemployment and Powell’s diagnosis of the “low-hire, low-fire” economy of 2025.

Fortune

Powell warns of a ‘very unusual’ economy as tariffs keep goods inflation high amid a weakening labor market

The Fed chair said underlying job growth could already be below zero, with official payroll figures overstating reality by tens of thousands each month.

Fortune

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Rivian CEO says it’s a misconception that EVs are politicized, with R1 buyers split evenly between Republicans and Democrats

“I think that’s extraordinarily powerful news for us to recognize—that this isn’t just left-leaning buyers,” said Rivian CEO RJ Scaringe.

Fortune

AI is taking over managers’ busywork—and it’s forcing companies to reset expectations

As AI agents automate administrative tasks, industry leaders say the role of human managers needs to shift toward coaching and strategy—but most organizations aren’t moving fast enough.

Fortune

Actress Natasha Lyonne dropped out of NYU and watched movies at Film Forum instead. Now, she’s helping to shape the future of AI

“We are the ones who are deciding what this use is going to be and how we choose to use it,” Lyonne told the Fortune Brainstorm AI audience in San Francisco.

Fortune

Jeff Williams, who retired from Apple after 27 years, less than a month ago, just got called up by Disney to join its board of directors

Jeff Williams’s track record aligns closely with Disney’s priorities for the future.

Fortune

The Fed delivers a rare ‘hawkish cut’ as Powell tries to steady a softening job market

The Fed is clearly deeply divided. Three officials dissented, in opposite directions.

Fortune

‘Be careful what you wish for’: Top economist warns any additional interest rate cuts after today would signal the economy is slipping into danger

Jerome Powell’s Federal Reserve will likely deliver its final cut of the year on Wednesday. But Claudia Sahm is already looking ahead.

Fortune

Sheryl Sandberg’s Lean In finds more women leaning out for the first time since the promotion survey began a decade ago: ‘Major moment of backsliding’

“This is my fourth decade in the workplace, and we are in a particularly troubling moment in terms of the rhetoric on women,” Sheryl Sandberg said.

Fortune

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Young people are ‘growing up fluent in AI’, and that’s helping them stand apart from their older peers, says Gen Z founder Kiara Nirghin

Nirghin explained that young entrepreneurs see coding as something to be done alongside AI agents, rather than done alone and from scratch.

Fortune

Walmart’s retiring CEO Doug McMillon spent 40 years climbing the ranks—he reveals the one thing he’s most looking forward to is a ‘blank calendar’

McMillon worked his way up from a Walmart warehouse worker making $6.50 hourly to CEO with a $26.5 million compensation package. Now, he’s looking forward to “just cheerlead” from the sidelines.

Fortune

MacKenzie Scott’s $7 billion year: Philanthropist credits dentist and college roommate as inspirations for monumental giving

The billionaire’s donations went to more than 180 organizations this year.

Fortune

Netflix–Paramount bidding wars are pushing Warner Bros CEO David Zaslav toward billionaire status—he has one rule for success: ‘Never be outworked’

Warner Bros CEO (and soon-to-be billionaire) Zaslav tells Gen Z talent is just an entry ticket—hard work is the ultimate driver of success. It’s a lesson he learned playing tennis as a teen.

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Fortune

Exclusive: Surf, an AI platform just for for crypto, raises $15 million

The startup is backed by Pantera, Coinbase and DCG

Fortune

International students skipped campus this fall — and local economies lost $1 billion because of it

Hosting 21,587 fewer new international students means 7,300 fewer jobs and $500 million in lost labor income.

Fortune

Goldman Sachs CFO on the company's AI reboot, talent, and growth

Goldman’s OneGS 3.0 revamp is underway.

Fortune

If the Fed cuts interest rates today it may be the last round of cheaper money until June 2026

Only in June does a plurality—41.9%—emerge on CME FedWatch for a further cut, to 3.25%.

Fortune

Exclusive: U.S. businesses are getting throttled by the drop in tourism from Canada: ‘I can count the number of Canadian visitors on one hand’

Canadians traditionally make up the largest group of international tourists to the U.S.

Fortune

Inside tractor maker CNH’s push to bring more artificial intelligence to the farm

CNH CTO Jay Schroeder says using AI to improve farming is a decades-long passion. "I grew up on a family farm…so for me, it’s personal.”

Fortune

Fed’s expected rate cut today is less about stimulating the economy and more about protecting the jobs market from ‘shattering’

A cut is something of an “insurance policy against a shattering of the U.S. labor market,” UBS chief economist Paul Donovan said.

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