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The Latest Breaking News from Fortune

Markets have been acting 'super weird' lately. Just look at gold prices vs. the dollar and bonds

"The fact that the 30-year Treasury yield didn’t fall immediately is weird and worrying. It took very weak payrolls to finally do that."

Fortune

The Fed 'desperately' wants to avoid a recession because it doesn't want to get blamed and put its independence at risk, top economist says

"Obviously nobody wants a recession. But also in the context of Fed independence, they really don't want to get blamed for going into a downturn because that would impair their ability."

Fortune

Russia's central bank reveals GDP is shrinking, in a sign Putin's war economy has slipped into recession

A chart in a central bank report showed GDP shrank on a sequential basis in the first and second quarters, meeting the definition of a technical recession.

Fortune

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America needs a digital identity strategy

The internet was built to connect machines, not people, making online life a painful hassle of lost passwords, security code texts, and cumbersome sign-ups.

Fortune

This millennial paid off $80,000 in student debt by going ultra frugal—even unplugging his fridge—and working 10 side hustles

Despite now earning over $18,000 a month, he continues to live in "survival mode."

Fortune

The roughneck is slowly disappearing from the oilfield as AI and automation take over

Many thousands of energy jobs are shed amid lower oil prices, efficiency gains, consolidation, and the advent of autonomous AI drilling and fracking operations.

Fortune

CEO coach to the Fortune 500: How top leaders use the ‘extra 5’ rule to achieve breakthroughs

To have more breakthroughs in your life, you have to ask more—of yourself.

Fortune

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The founders who cashed out on YouTube, Reddit, and Instagram—and missed out on becoming today's billionaires

YouTube, Reddit, and Instagram may be household names, but their founders could have made billions more by waiting to cash out.

Fortune

One of the most common reasons that AI products fail? Bad data

Executives at Fortune’s Brainstorm Tech warned that you need to start with fundamentals before rolling out a complex new AI agent.

Fortune

Ray Dalio calls for 'redistribution policy' when AI and humanoid robots start to benefit the top 1% to 10% more than everyone else

The hedge fund billionaire sees a "limited number of winners and a bunch of losers" with the 1% to 10% "benefiting a lot."

Fortune

Blackstone exec says elite Ivy League degrees aren’t good enough—new analysts need to ‘work harder’ and be nice

Emotional intelligence, hard work, and interpersonal connection are essential to leadership success.

Fortune

Former Goldman Sachs CEO during 2008 crash says markets are 'due' for a crisis: 'It doesn’t matter that you can’t see where it’s coming from'

“There's a lot of 1% risk, but it's not a 1% risk that something bad will happen,” Lloyd Blankfein said in a recent interview.

Fortune

Elon Musk claims higher education 'radicalized' Charlie Kirk shooting suspect as bullet casings reveal antifascist, gamer messages

Elon Musk intensified his criticism of higher education in the wake of conservative activist Charlie Kirk’s fatal shooting.

Fortune

From Mike Bloomberg to Jamie Dimon to 'staunch capitalist' Kathy Hochul, New York's likely next Mayor Zohran Mamdani is meeting with lots of people

Mamdani also signaled to The New York Times that he'll apologize for calling the NYPD "racist" during a 2020 George Floyd protest.

Fortune

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Fortune

Authorities say Charlie Kirk's alleged assassin left behind bullet casings with antifascist messages and a plethora of gamer and Gen Z slang

"I will leave that up to you to interpret what those engravings mean," Utah Gov. Spencer Cox said, adding that one in particular "speaks for itself."

Fortune

Centene stock uncertainty as ACA subsidy expiration looms: What investors need to know about rising medical costs and 2026 Marketplace risk

Centene’s recent stock drop is closely linked to a combination of higher-than-expected medical costs amid challenging trends in the Affordable Care Act market and anticipation of the scheduled end to enhanced subsidies.

Fortune

Return-to-office mandates are corporate helicopter parenting—and it’s hurting everyone involved

Return-to-office mandates come at a cost, especially for working parents, and mothers in particular.

Fortune

NYU professor says traditional networking is ‘nonsense’—instead real friendships are key to success

NYU professor and seasoned business leader Suzy Welch says that handing out business cards at industry functions won’t lead to success. Melinda French Gates, Oprah Winfrey, and Gayle King have also leaned on friends for professional growth.

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Fortune

'If you’re on time, you’re already late,' Selena Gomez says—and it's a lesson for unpunctual Gen Z

Selena Gomez says she arrives 30 minutes early to every appointment: “I like to be prepared."

Fortune

OpenAI’s deal with Microsoft could pave the way for a potential IPO

OpenAI has reached a preliminary deal with Microsoft that paves the way to convert its for-profit arm into a public benefit corporation (PBC).

Fortune

Klarna’s cofounder worked at Burger King and lived on welfare before starting the buy-now, pay-later firm. It’s now worth $16 billion after IPO

Klarna CEO Sebastian Siemiatkowski worked at Burger King and lived on welfare before starting his $16 billion fintech firm.

Fortune

Tether launches U.S. stablecoin, appoints former Trump crypto guru Bo Hines as CEO of American expansion

Tether tapped crypto bank Anchorage Digital and its longtime partner Cantor Fitzgerald to issue the token.

Fortune

Billionaire who sold two companies to Coca-Cola says he tries to convince people not to become entrepreneurs: 'Every single day, you can go bankrupt'

Mike Repole wants to remind every aspiring businessperson that most startups—over two-thirds of them—fail.

Fortune

Hyundai CEO says ICE raid on Georgia plant set back its grand opening by two or three months

CEO José Muñoz said the delay estimate is based on foreign workers coming back to help.

Fortune

Jamie Dimon says his successor at JPMorgan doesn’t need to be the smartest person in the room, they need to be the ‘pied piper’

Jamie Dimon says the next JPMorgan CEO must be a “coach” and motivator, not just the smartest person in the room, as succession planning heats up.

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