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The Latest Breaking News from Fortune

Butchered jobs and inflation data may add fuel to the fire of uncertainty already blazing in the markets

A worldwide selloff accelerates as patchy U.S. data clouds the Fed’s next move, sending Wall Street tumbling and volatility surging into the end of the week.

Fortune

Ex-Meta exec says Mark Zuckerberg taught him a lesson in work-life balance: Now he has strict rules for meetings and emails at his $1 billion tax firm

After years at Meta, Martin Ott learned from Mark Zuckerberg that working smarter beats working longer: “It is making sure that you’re not about 24/7 constant on, but being deliberate.”

Fortune

In the age of AI, CEOs quietly signal that layoffs are a badge of honor

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Your electric bill has replaced the price at the pump as the hot-button, political bellwether

Residential electricity prices have skyrocketed almost 30% in four years with the AI boom expected to further pressure costs.

Fortune

Palantir CEO slams 'parasitic' critics calling the tech a surveillance tool: 'Not only is patriotism right, patriotism will make you rich'

“Our project is to make America so strong we never fight,” he said. “That’s very different than being almost strong enough, so you always fight.”

Fortune

Top economist Mohamed El-Erian warns the AI bubble will ‘end in tears’ and credit ‘cockroaches’ abound

El-Erian argued that AI is a "rational bubble," but some have gone "beyond their comfort zone and beyond their ability to do due diligence."

Fortune

Delta CEO slams 'inexcusable' shutdown that led to canceled flights and workers doing high-stress jobs without pay

"There was stress, there was strain, it was completely unnecessary," Ed Bastian told Yahoo Finance's Brian Sozzi.

Fortune

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AI isn’t a bubble—but it’s showing warning signs

AI investment keeps soaring, but key indicators suggest the boom hasn’t tipped into bubble territory—at least not yet.

Fortune

Legendary DC diplomat feels 'like Paul Revere' about the $38 trillion national debt: 'The crisis is coming!'

Richard Haass has spent a lifetime monitoring global crises. Now he says America’s most dangerous one is coming from inside the house.

Fortune

The 'Big Short' investor betting $1 billion against the AI bubble says Meta and Oracle's accounting is hiding the brutal truth

Michael Burry shut down his hedge fund shortly after disclosing his massive short position. Is he already bracing for a crash?

Fortune

White House official says October jobs and inflation data are likely to never be released

It’s the first time monthly data on the economic indicators is missed since the Bureau of Labor Statistics officially started the reports.

Fortune

Czech central bank buys $1 million in Bitcoin and other cryptocurrencies

The European country’s purchase was the first of its kind

Fortune

Your political polarization is the reason for our $38 trillion national debt, top economist says: 'it's deeply debilitating' for 'consensus and stability and productive policy results'

“Every day that passes makes me feel the situation is more urgent,” Barry Eichengreen told Fortune.

Fortune

Credit card tier discrimination may be coming: New Visa-Mastercard swipe settlement could reshape rewards—and surcharges

Premium credit cards like the Chase Sapphire Reserve or Capital One Venture X could soon face higher surcharges—or be outright rejected—as a new deal could reshape swipe fees.

Fortune

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Economist behind K-shaped economy sees a 'sea of despair' for the bottom 90% and a 'crisis of confidence' in the American dream

“At the bottom, this mindset develops where they recognize that they may never win, but that doesn't mean, ‘I can't help you lose,’” Peter Atwater said.

Fortune

After shutting down Vine in 2017, former Twitter CEO Jack Dorsey invests in a reboot of the app with more than 10,000 archived six-second videos

“Can we do something that’s kind of nostalgic?” asked Evan Henshaw-Plath, the leader of the project.

Fortune

OnlyFans CEO will not tolerate ‘that squidgy layer of middle management’ and refuses to hire them

CEO Keily Blair doesn't hire people who simply want a job or think OnlyFans is going to be fun.

Fortune

Palantir CEO Alex Karp says this type of prestigious college grad is doomed. People with expert knowledge will ‘make a lot more money'

The leader of the $439 billion tech company says those with niche knowledge will make “a lot more money” than Ivy League graduates with general expertise.

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No, you probably aren't wealthier as a ‘double-income, no kids’ DINK. The married couples are better off, Pew finds

They may flaunt their disposable income online, but the DINK life is a poorer one. Housing wealth plays a big part.

Fortune

MacKenzie Scott makes more 'life-changing,' record-breaking gifts to historically Black colleges and universities—totaling more than $400 million

These donations come on the heels of other major donations from Scott to HBCUs this fall.

Fortune

Self-made millionaire Barbara Corcoran reveals her ‘golden rule’ of real estate investing

The “Shark Tank” star with a $100 million net worth says paying 20% down is key—and explains why.

Fortune

In just 15 years, the average U.S. homebuyer went from 39 to 59 years old: Top analyst reveals how the housing market has warped in one generation

The first-time homebuyer just hit 40 years old for the first time ever, but the average homebuyer is nearly a senior citizen.

Fortune

BofA cites 'favorable protein economics' in the chicken restaurant segment with the race afoot to corner the $67 billion market

Analysts Sara Senatore and Isaiah Austin also highlighted "menu versatility," as chicken lends itself to both quick-service restaurants and fast casual.

Fortune

Stay-at-home dads are on the rise, but they're not necessarily doing it to look after their kids

About 2.1 million dads in America are choosing to stay at home with the kids instead of chase a career, up from 1.1 million in 1989.

Fortune

Public just bought a crypto retirement offering for $65 million

The deal will make the brokerage the first to offer a wide range of crypto assets for retirement accounts.

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