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The Latest Breaking News from Fortune

A law associate making $300,000 a year at Skadden Arps quit over the firm's deal with Donald Trump

The president is targeting major firms and lawyers are quitting as a result.

Fortune

As the mighty Permian Basin slows, Canada stands to rise in the shale oil and gas world

Kimmeridge activist investment firm eyes Canadian producers and new LNG projects.

Fortune

Warren Buffett’s retirement—and the twists and mysteries that preceded it

Also: Trump wants a tax on all foreign movies, “tariff washing” is China’s new growth industry.

Fortune

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Not only was Buffett a successful investor, his wisdom will last forever. Here are some of his best quotes

“You know, Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”

Fortune

Gen Z women are being sold a risky dream: the realities behind 'investing' in designer bags like the Hermès Birkin

Gen Z is obsessed with the Hermès Birkin thanks to viral TikTok posts promising higher returns from the luxury handbag than the stock market.

Fortune

Commerce Secretary Howard Lutnick says Trump’s tariffs will create ‘great jobs of the future’—fixing factory robots. Experts disagree

The plan to resurrect the industrial boom of the early 20th century has long odds of succeeding, Rutgers professor Eric Blanc said.

Fortune

Buffett warned about trade deficits in 2003 and proposed ‘import certificates’ but says trade should not be a weapon

“It’s gimmicky, but it’s certainly a lot better than anything I think we’re talking about now,” Buffett said of his idea.

Fortune

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A North Korean agent applied for a job at a popular crypto firm: They tripped him up with a simple question about Halloween

A network of North Korean operatives is trying to get access to American companies.

Fortune

Gen Z is actually the most enthusiastic generation about working in the office. They want to be there 3 days a week

Having missed out on in-person interactions during the pandemic, Gen Zers want to see their coworkers at the office.

Fortune

Trump got a strong jobs report, but maybe not the way he wanted

The bulk of new jobs in April came from industries that do not necessarily reflect the administration’s priorities.

Fortune

The 3 steps smart CEOs are taking in a volatile tariff environment: Russell Reynolds CEO Constantin

Economic and geopolitical uncertainty are top of mind for C-suite leaders, according to the latest report on leadership advisory firm Russell Reynolds.

Fortune

What women founders think of Trump's first 100 days

"The government's all-out war on any kind of program that supports women or minorities is very deeply felt," says one VC.

Fortune

Elon Musk reportedly said last year he no longer wanted to be Tesla CEO but worried no one could replace him or his vision for the company

The EV maker began looking last month for a new CEO to replace Musk, the Wall Street Journal reported Monday.

Fortune

Damn the torpedoes! Stocks go full speed ahead despite declining U.S. shipping and manufacturing data

Buying momentum continued in Asia and European stock markets today, and S&P futures were priced up this morning.

Fortune

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Fortune

Banking giant Morgan Stanley reportedly plans to introduce crypto trading on E*Trade

The bank is entering a crowded field with competitors like Coinbase and Robinhood.

Fortune

Ikea’s new central London store has learned from ‘a lot of mistakes’ over 7 years

“We have [made] a lot of mistakes when designing city location stores,” Ikea’s Tolga Öncü told Fortune.

Fortune

Kohl's just fired its CEO after only 100 days on the job after striking a 'highly unusual' deal with a vendor he had a personal relationship with

Buchanan had only been at the helm of the retailer since January.

Fortune

How prebiotic soda Olipop leveraged social media to grow from a $100,000 investment to a $1.85 billion brand on shelves at Walmart, Target, and Whole Foods

Olipop leaned on viral trends and toilet humor—and meeting consumers where they are at—to propel its soda as both fun and functional.

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news in one place.

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Fortune

Surviving tariffs: 5 steps small businesses should take now

Experts say small companies should connect with their suppliers and customers, front-load on essentials, cut costs, and join forces with other organizations.

Fortune

Exclusive: Crypto venture firm dao5 closes $222 million second fund

Dao5 is led by Polychain alumni Tekin Salimi and has backed startups like Berachain and Bittensor.

Fortune

Remember MoviePass? It’s still around—and going all in on crypto

“I think that blockchain and virtual reality are going to be an amazing force together,” proclaimed MoviePass’s CEO.

Fortune

Tory Burch makes $1 billion pledge for women entrepreneurs

"Women are a great investment," the fashion label founder says.

Fortune

Flexport Ryan Petersen CEO on Trump’s tariffs and the uncertain future of global trade

Ryan Petersen, CEO and founder of Flexport, speaks to Fortune about the pressures tariffs place on American businesses.

Fortune

Top Trump economist derided as ‘incoherent’ on tariffs after closed-door meeting with investors

The dollar’s decline undermines Stephen Miran’s claim that other nations, not U.S. consumers, will “pay” for tariffs.

Fortune

Norges Bank Investment Fund's Nicolai Tangen says this year ‘has been surprisingly not terrible’

Also: Tesla denies directors considered life after Musk, Trump admits there may be a toy shortage at Christmas.

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