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The Latest Breaking News from Fortune

Trump’s unlikely promise to ‘end inflation’ still saw families paying an extra $2,120 for goods and services in 2025

Exclusive: The year-on-year inflation increase equates to an added cost of $2,120 per household, assuming they purchased the same goods and services in 2025 that they bought in 2024. That includes an increase of $123 on electricity bills and $150 on groceries.

Fortune

After a decade of silence, Elon Musk’s tunneling startup and its reclusive president, are hitting the media circuit

The Boring Co’s Steve Davis says it’s time to be more transparent, as the company seeks to expand and put some embarrassing episodes behind it.

Fortune

Five years after the short squeeze, GameStop’s CEO is betting on a ‘genius or totally foolish’ $100 billion-plus acquisition

CEO Ryan Cohen stands to receive $35 billion if he successfully delivers a $100 billion market capitalization for the company.

Fortune

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'We’ll save the world from cancer’: Inside Pfizer CEO’s $23 billion post‑COVID bet on oncology

"The winners in life are differentiated from the losers in life because the winners never fall," Albert Bourla says. "The winners always stand up again."

Fortune

How the US is playing a 'big game of catch-up' in the Arctic

A prescient new book outlines the future of warfare in the far north, and just how far behind its rivals the US still is.

Fortune

Exclusive: Google DeepMind researcher David Silver leaves to launch his own AI startup

Silver’s new startup, Ineffable Intelligence, will focus on developing “superintelligence” using the same AI methods that led to Google DeepMind breakthroughs like AlphaGo.

Fortune

Meet Trump’s next Fed Chair Kevin Warsh: He wants a back-seat central bank, a more bullish monetary policy, and for his dog to live a really long time

Trump confirmed Warsh as the Fed chair nominee Friday morning. Here’s what might be in store for the central bank.

Fortune

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Starbucks CEO Brian Niccol's turnaround plan includes measuring stores on just five metrics

Also: All the news and watercooler chat from Fortune.

Fortune

Gen Z believes using AI is making their colleagues dumb and lazy, but may paradoxically see it as key to their own promotion, Wharton says

Nearly 80% of Gen Z believes AI is making people lazier, but the young generation has increased how much they’re using the technology, a Wharton-led survey finds.

Fortune

German prosecutors’ raid on Deutsche Bank hurts the lender’s attempts to leave its long history of compliance failures in the past

Investigators combed through the bank’s Frankfurt and Berlin headquarters just before it reported record annual profits.

Fortune

Pfizer CEO says he used ‘emotional blackmail’ to get employees to achieve impossible goals during COVID-19

Albert Bourla admitted to going to extreme lengths to “save the world” and get the vaccines out faster during the COVID-19 pandemic.

Fortune

Top engineers at Anthropic, OpenAI say AI now writes 100% of their code—with big implications for the future of software development jobs

As AI coding tools become more sophisticated, engineers at leading AI companies are stopping writing code altogether

Fortune

Walmart doubles down on health, giving 3,000 pharmacy workers a promotion and a raise of up to 86%—with no college degree required

A Walmart spokesperson told Fortune it’s “very easy” for associates in other roles to move into a pharmacy job.

Fortune

Sergey Brin makes his biggest donation ever to tackle California’s housing crisis, weeks after moving to the Nevada side of Lake Tahoe

Weeks ago, the Google cofounder moved to a $42 million mansion on the Nevada side of Lake Tahoe. But he’s concerned about housing across the border.

Fortune

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OpenAI CEO Sam Altman opts to text in lowercase—but Gen Z shouldn’t copy him if they want a shot at starting their career, experts say

Typing like ChatGPT boss Sam Altman might be cool online—but the habit could hurt Gen Z’s chances at jumpstarting their careers.

Fortune

The real promise of AI isn’t fewer jobs, it's cheaper thinking

I founded one company that sold for $1.5 billion, and another with $150 million in funding, and I see the AI ROI debate as a leadership failure.

Fortune

The midlife crisis is only getting worse in the U.S.

Around the world, the middle-aged seem to be doing quite well. It’s a different story in the U.S.

Fortune

Get used to the K-shaped economy. It’s likely here until 2035, thanks to AI’s outsize benefit for the wealthy

“Eventually, it might bring things together, but in the meantime ... it’s unlikely that AI helps at all with the K-shaped economy,” Innes McFee, CEO of Oxford Economics, tells Fortune in an exclusive interview.

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Fortune

A once-unthinkable C-suite appointment solidifies Walmart's new identity as a tech company

Also: All the news and watercooler chat from Fortune.

Fortune

California billionaires’ revolt over a wealth tax is ‘nonsense,’ architect says: A 1% annual tax won’t doom anyone’s business

UC Berkeley professor Brian Galle told Fortune he’s an “enthusiastic capitalist” and his tax ideas have nothing to do with harming the U.S. economy.

Fortune

Bonds 101: What investors need to know about the 'shock absorber of the portfolio'

Many investors ignore them, but bonds can help protect your assets when stock prices tank.

Fortune

How Samsung's first-ever chief design officer is reinventing the electronics giant for the AI age

Samsung turns to an outsider—Mauro Porcini—to conceive of AI-powered products that resonate with consumers and give the Korean giant a more global voice.

Fortune

Archer Daniels Midland hit with $40M fine in price-fixing probe, 30 years after fraud scandal

The SEC alleges ADM misled investors about profits in its nutrition segment, with former executives facing civil penalties.

Fortune

Judge hits Chinese crypto scammer who helped swindle $37 million from U.S. victims with 46 month sentence

The fraudster was part of a ring that carried out a scam known as pig butchering.

Fortune

LinkedIn knows your CV and degree are becoming irrelevant. It has a plan for that

LinkedIn is betting on skills over degrees with new AI verification tools.

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