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The Latest Breaking News from Fortune

Trump’s attacks on the Fed are hurting the dollar and driving up the price of gold

The dollar has put in such a feeble performance this year that it has begun to hurt foreign investors in U.S. assets.

Fortune

Tim Cook says Apple’s $600 billion factory build out will create a 'domino effect.' But the tech giant still isn’t building iPhones in America

A manufacturer labor shortage and an “impossible-to-replicate” supply chain will keep the tech giant dependent on Asia factories, experts tell Fortune.

Fortune

The economy's prospects are reliant on the 'fortunes of the well-to-do' says Moody's, if the ultra-rich get nervy that means recession

Mark Zandi says of the rich: "If they turn more cautious, for whatever reason, the economy has a big problem."

Fortune

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1 in 3 Americans have no emergency savings—while boomers' $2,000 cushion dwarfs Gen Z’s $400, survey finds

Roughly one-third of Americans are not prepared for a financial emergency.

Fortune

Robert Redford said he worked at Yosemite National Park before making it in Hollywood, inspired by his first visit when he had 'a mild case of polio'

Redford grew up to be a Hollywood icon, but his love of nature proved to play a big role in his career and legacy.

Fortune

AI has added $160 billion to 'true GDP' since 2022, Goldman Sachs says. There's just one problem: That's not official

AI is either adding 0.1% or 0.3% to GDP. The difference matters.

Fortune

Just like Bill Gates, this Samsung exec retreats to a remote cabin every year to escape the chaos

The $268 billion Samsung executive tells Fortune how she spends her time and money outside of work, including a piece of art inspired by Queen Elizabeth II.

Fortune

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Drama at the Fed has CEOs worrying about the health of its reputation

Also: All the news and watercooler chat from Fortune.

Fortune

Female Gen Z workers say the best kind of bosses have one thing in common—they're 'girl dads'

'Girl dad’ managers are being described as more empathetic and fair by Gen Z women on TikTok because they have ‘built-in sensitivity training.’

Fortune

Tech investing is already wild. Abandoning quarterly reports could make it even wilder

Less frequent reporting by public companies could mean better long-term decision-making, or more wild speculation—or both.

Fortune

Exclusive: Ex-Google DeepMinders get $5 million to bring AI algorithm design to the masses

Hiverge's backers include Flying Fish Ventures and legendary Google coder Jeff Dean.

Fortune

Tesla board blocks shareholder vote that could have banned political speech by CEO Elon Musk

The SEC has sided with Tesla’s board in a dispute over a shareholder proposal seeking political neutrality among Tesla executives and board members.

Fortune

Suspect in Coinbase hack kept data for more than 10,000 customers on her phone, court filing alleges

The lawsuit also said that a Coinbase outsourcer fired human resources employees who were investigating the data breach.

Fortune

Social media posts about Charlie Kirk's death are baffling companies and exposing a bigger problem in American business

Advice from experts on how to navigate the nuances of political speech at work.

Fortune

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Fortune

You've heard that gold is hitting record highs. Not quite, BofA says

You've heard that gold is hitting record highs. Not quite, Bank of America's Commodities team says.

Fortune

Anthropic data confirms Gen Z’s worst fears about AI: Businesses are leaning into automation, a massive threat to entry-level jobs

Dario Amodei, the CEO of the AI startup, said earlier this year that AI could wipe out nearly 50% of entry-level white-collar jobs. New data could back up his claim.

Fortune

A 30-year-old Walmart worker falsely accused of celebrating Charlie Kirk's death was suspended from his job. Now he fears for his family's safety

"They knew where I lived": After a fake X account impersonated him, Ali Nasrati says he became the target of threats, harassment, and a suspension he still hasn’t been able to fight.

Fortune

Under Armour's CEO says micromanagement is 'totally underestimated' in business: 'There's too much lost on pretense'

Kevin Plank believes in an 80-20 management rule.

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Fortune

BofA sees 'path to a 5% mortgage rate' if the Fed pulls off these 2 things

But it won't be enough to help most Americans afford a home.

Fortune

What's worrying about the OpenAI and Anthropic chatbot usage studies

Both OpenAI and Anthropic studies show businesses using AI more to automate tasks than augment workers

Fortune

Spanx billionaire founder kept the brand a secret—even from family—for a year. If she hadn’t, she says she’d probably still be selling fax machines

Spanx’s billionaire founder turned $5,000 in savings from selling fax machines into a $1.2 billion shapewear empire.

Fortune

Opendoor Chairman Keith Rabois says the company doesn't need 1,400 employees, jut 200

Rabois said he also wants to bring employees back to the office.

Fortune

65-year-old retirees in France now have higher incomes than working-age adults—meanwhile, American boomers can't even afford to retire

While the French are enjoying higher wages in retirement than the country’s workers, nearly a fifth of American retirees are “struggling” or “living the nightmare.”

Fortune

Why the Oracle-OpenAI deal has set 'AI Bubble' alarm bells ringing

Oracle’s $300B deal with OpenAI drove a stock surge, but investors worry both companies could fail to deliver

Fortune

Robert Redford, the Sundance Kid turned Sundance mogul, entrepreneur and independent film champion, dies at 89

He bought two acres in Provo Canyon, Utah, after falling in love with the area on a 1961 motorcycle trip. It was the start of something big.

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