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The Latest Breaking News from Fortune

Elon Musk's Wealth Takes More Than $60 Billion Hit In 2025, As Bill Gates Also Sees Huge Losses—But One Of Them Has Been Donating His Entire Fortune

Elon Musk‘s fortune has taken a massive hit in 2025, losing over $60 billion, with his net worth shrinking amid Tesla Inc.’s (NASDAQ:TSLA) struggles, while Bill Gates, the second billionaire to see a similar decline, has committed to giving away his entire fortune.

Benzinga

Multimillionaire Rashaun Williams landed a seat next to Mark Cuban on ‘Shark Tank’ by sneaking into events he wasn’t invited to and saying ‘hear me out’

The venture capitalist admits his secret for success hasn’t always been following the norms—but rather manifesting his dreams.

Fortune

Match Group’s rape problem: A lawsuit alleges that inaction by Tinder and Hinge’s owner allowed abusers to stay on the apps

A shareholder alleges the company “has known … which users have been reported for drugging, assaulting, or raping their dates since at least 2016” but did not release a promised report.

Fortune

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The day after Trump called Intel’s chief ‘conflicted,’ former directors call for a new company, a new board, and a new CEO

A group of four former Intel board members called for Intel to split its chip manufacturing assets into a new independent company, supported by U.S. government funding, while leaving the fate of Intel CEO Lip-Bu Tan to shareholders and the board.

Fortune

Degrees used to open doors—now even grads with master's degrees are sending 60 job applications a month to no luck

Even those who studied college majors that once guaranteed six-figure salaries are struggling to land work: Computer science grads are applying for up to 51 jobs each month.

Fortune

Gen Alpha has surpassed $100 billion in spending power from side hustles and bankrolling parents—and Roblox and Nike are among the big winners

“This generation has more spending money than you'd think,” DKC President Matthew Traub said. “Their economic influence is enormous.”

Fortune

Female founders' return sets off lively debate

People are eager to discuss the female founder 3.0 era.

Fortune

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What to know about Stephen Miran, the tariff proponent Trump just nominated to join the Fed's board of governors

Miran is a rarity, a highly trained economist who makes a logical-sounding case for Trump’s stunningly contrarian game plan.

Fortune

The 5 things you need to ‘really create magic’ with AI: the LLM, the context, the prompt, the workflow, and the evaluation

Also: All the news and watercooler chat from Fortune.

Fortune

Krispy Kreme, McDonald’s call off partnership, citing ‘unsustainable operating costs’ of $28.9 million

Krispy Kreme stock is down nearly 70% since January.

Fortune

Apple CEO Tim Cook’s $100 billion commitment to U.S. manufacturing came with a gift for Trump: a glass 'Made in USA' plaque mounted on 24-karat gold

“Nobody would describe it as ethically noble,” a Harvard professor told Fortune. “But it was just a small gesture underscoring the Apple commitment.”

Fortune

Stunning new data reveals 140% layoff spike in July, with surge in AI and 'technological updates' increasingly apparent

The summer of layoffs is real, according to the July monthly "job cut" report from employment consultancy Challenger, Gray & Christmas.

Fortune

Palantir CEO says working at his $430 billion software company is better than a degree from Harvard or Yale: ‘No one cares about the other stuff’

Sorry, Apple, Google, and OpenAI, Palantir’s billionaire boss Alex Karp says a job at his AI firm is the ‘best credential in tech.’

Fortune

Bitcoin surges on new Trump measure to allow crypto in retirement funds

The world’s largest cryptocurrency notched a 2% gain over the past 24 hours.

Fortune

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Fortune

Trump accuses Intel CEO of being ‘highly conflicted,’ demands resignation as Tom Cotton highlights reporting into China ties

“The CEO of Intel is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!” Trump wrote Thursday morning.

Benzinga

Apple Alumnus Dimitrios Kottas Unveils $14M Delian Alliance Industries Startup With Tesla‑Style Speed Strategy

Delian Alliance Industries, founded and led by former Apple (NASDAQ:AAPL) Special Projects Group engineer Dimitrios Kottas, announced on July 29 that it secured $14 million in Series A funding to produce vertically integrated autonomous defense systems built in Europe for the continent's security needs.

GOBankingRates

2 of Elon Musk’s Top Money Mistakes (and What Can Be Learned From Them)

From political missteps to billion-dollar buys, Elon Musk’s money mistakes can offer surprising money lessons that everyone can use to avoid costly mistakes.

Fortune

Americans who live in rural areas don't believe good jobs are coming and they don’t want to move. We have to bring remote work to the country

I'm a Fortune '40 under 40' alum and lead a nonprofit that trains and places people into jobs in the US and across the world.

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Fortune

Exclusive: Decart raises $100 million at a $3.1 billion valuation, chasing the future of real-time creative AI

Decart has closed a $100 million Series B, valuing the company at $3.1 billion, Fortune has exclusively learned.

Fortune

HPE got tangled up in MAGA conspiracy theories, and now its $14 billion merger with Juniper could be thrown out

The feeling was that a combined HPE-Juniper offering would act as a “bulwark” against Huawei in markets where the Chinese company might otherwise be more dominant.

Fortune

What CFOs say about AI when they’re speaking off the record

Also: All the news and watercooler chat from Fortune.

Fortune

Oakley's billionaire founder is the latest victim of the sluggish luxury housing market—but the profit he could still make shows an underlying problem

Some ultra-wealthy luxury home sellers are being forced to drop the prices of their listings.

Fortune

AI is already changing the corporate org chart

AI isn't just a new tool for the modern workplace; it's quietly reshaping how companies are organized.

Fortune

Millennials lead the ‘coffee badging’ revolt to protest return to office as businesses push to fill empty seats

Badge in, grab a coffee, talk to a few people, and then disappear back to your home office. It’s the migration pattern of the coffee badger.

Fortune

WM CEO Jim Fish never wants to be too busy to say hello to employees

"I think it's important, maybe as important for me as anyone." Fish told Fortune. "And I always make a point of smiling."

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