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The Latest Breaking News from Fortune

AI doomsday where many workers are ‘essentially unemployable’ is totally possible, Fed governor says

Federal Reserve Governor Michael S. Barr gave a speech on Tuesday with three scenarios, including one where you don’t have a job.

Fortune

Figma investors cheer 40% growth, ties to Anthropic and OpenAI—but concerns remain about letting the 'fox into the hen house'

The design collaboration platform has shed 80% of its stock value since its 2025 IPO, trading at $23 a share amid a brutal sector-wide rout in SaaS stocks

Fortune

Top Trump advisor furious about true cost of tariffs being revealed, vows to punish New York Fed for ‘worst paper’ ever in history

“The paper is an embarrassment,” Kevin Hassett fumed on CNBC, calling it “the worst paper I’ve seen in the history of the Federal Reserve System.”

Fortune

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Deutsche Bank asked AI how it was planning to destroy jobs. And the robot answered

It’s like looking into a crystal ball, or being told by your predator exactly how you’ll be consumed.

Fortune

Why Zohran Mamdani is threatening to soak the middle class if he can't tax the rich

New York City's mayor is warning of a 9.5% property tax hike if Gov. Kathy Hochul doesn’t raise income taxes on top earners.

Fortune

Harvard shakes up its crypto strategy by selling Bitcoin and purchasing Ethereum

The Ivy League school still has more money invested in a Bitcoin ETF than any other US stock.

Fortune

Mark Cuban slams the NBA for focusing on tanking and ignoring the real issue for fans: ‘It should worry more about pricing fans out of games’

The Dallas Mavericks, with Cuban as a stakeholder, raised prices nearly 9% ahead of the 2025–26 season, despite fans’ ire over trading All-Star Luka Dončić the previous season.

Fortune

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High-flier: Palantir CEO Alex Karp spent $17.2 million on private jets in 2025, filing reveals

One out of every 3.5 days was spent in the air for the Palantir CEO during 2025, filing shows.

Fortune

Jake Paul says a chance meeting with Sam Altman at Trump’s inauguration led to an OpenAI investment and a crash course in ruthless 15-minute meetings

Paul said the OpenAI CEO showed him “time is the most valuable thing.”

Fortune

Big Tech execs playing ‘Russian roulette’ in the AI arms race could risk human extinction, warns top researcher

Allowing companies free rein on AI is bringing on a new level of existential risk, Stuart Russell argues.

Fortune

Buffalo Wild Wings wins legal debate after a customer discovered his boneless wings contained no real wing meat at all

A judge ruled in favor of Buffalo Wild Wings for a March 2023 case, saying the customer’s argument “has no meat on its bones.”

Fortune

Amazon exec says the most important lessons from Jeff Bezos were the 16 leadership principles he once dismissed as cultlike

“Jeff [Bezos] didn’t come down from the mountaintop with these leadership principles carved in stone,” said longtime employee Doug Herrington.

Fortune

Shocked Zillow CEO says even senior hires don’t do their homework for interviews: ‘They’re asking pretty basic questions that you could answer in 10 minutes on Google’

Zillow CEO Jeremy Wacksman says it “still surprises” him when executive-level candidates haven’t done their homework.

Fortune

OpenAI is paying workers $1.5 million in stock-based compensation on average, the highest of any tech startup in history

The AI talent war is pushing ChatGPT creator OpenAI to give out millions in equity compensation to its 4,000 employees. Meanwhile, its boss, Sam Altman, has zero equity and just a $76K salary.

Fortune

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Fortune

Kraken acquires token manager Magna as crypto exchange prepares for IPO

Over the past year, Kraken has struck deals for five other companies, including a blockbuster $1.5 billion deal for futures platform NinjaTrader.

Fortune

Exclusive: Bain and Greylock bet $42 million that AI agents can finally fix cybersecurity’s messiest bottleneck

Cogent Security boasts an all-star AI team—and is promising to close the gap between finding software flaws and actually fixing them.

Fortune

Zillow's CTO says AI is reinventing every step of the home buying process

Zillow’s CTO David Beitel has led technology for the real estate website since its inception, with his north star focused on infusing technology across all stages of the home buying process.

Fortune

Hyperliquid launches DeFi-focused policy shop led by prominent crypto lawyer Jake Chervinsky

The Hyperliquid Policy Center, backed by a $28 million donation, will focus on creating legal pathways for perpetual derivatives.

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Fortune

Sports-focused prediction market Novig raises $75 million to challenge Kalshi and Polymarket

Novig’s Series B values the startup at $500 million with backing from Pantera Capital, Multicoin, and Forerunner.

Fortune

Citi’s new CFO is the latest sign the 'operator' era has arrived

From running U.S. Personal Banking to steering the balance sheet, Gonzalo Luchetti embodies the new CFO profile.

Fortune

Exclusive: Sen. Bill Frist’s Frist Cressey Ventures raises $425 million fourth fund

Frist Cressey Ventures has raised its $425 million fourth fund, Fortune has exclusively learned.

Fortune

Job hopping isn’t really worth it anymore, finds new data from ADP—unless you’re a miner or builder

In some roles, it actually pays to stick with the same employer: In leisure and hospitality and IT, workers who stayed in their roles actually saw their salaries fare better than those who left.

Fortune

Inside Dragonfly Capital’s $650 million fourth fund and its early bets on Polymarket and Rain

Why the crypto VC has thrived despite a new bear market.

Fortune

Trump is ‘dumb as a fox,’ master of ‘the wall of sound,’ and never above ‘the last resort of scoundrels’: Yale scholar breaks it down in new book

“We know from mythology and science across centuries and cultures that even foxes can get outfoxed on occasion,” Yale’s Jeffrey Sonnenfeld told Fortune.

Fortune

There’s an incoming $150 billion ‘YOLO’ trade that will boost stocks by the end of March, Wells Fargo says

The S&P 500 “rose 100% of the time, by 13% on average over the next six months” after a buy signal like this, analysts note.

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