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The Latest Breaking News from Fortune

Manny Maceda on succession at Bain & Company

Also: Trump wants rate cuts but inflation is up, Robinhood’s blockbuster earnings.

Fortune

Some federal workers are ‘getting wealthy at taxpayer expense,’ says Elon Musk, whose companies have received at least $20 billion from the government

Musk’s task force wants to cut tens of thousands of federal workers, and now it’s aiming at people he thinks are too rich.

Fortune

Bret Taylor keeps having to deal with Elon Musk’s takeover attempts

The mild-mannered entrepreneur finds himself at the center of an Elon Musk takeover drama for the second time.

Fortune

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Exclusive: Legal AI startup Harvey lands fresh $300 million in Sequoia-led round as CEO says on target for $100 million annual recurring revenue

The three-year-old San Francisco AI startup fetched a $3 billion valuation — double the amount investors valued it at in July.

Fortune

Trump's small business department fired staff and said it was an accident—then emailed the next day re-firing them

Probationary staffers reportedly received a series of emails relating to terminations amid widespread headcount cuts in department agencies.

Fortune

Goldman, Nasdaq diversity rules are over

Diversity standards at Goldman and Nasdaq were powerful—but are now gone.

Fortune

In spite of anti-DEI pressures, top corporations continued to diversify in 2024: new research

Despite the Supreme Court’s 2023 decision banning affirmative action in college admissions, and mounting pressure on corporations to eliminate their diversity, equity and inclusion programs, the top 50 Fortune 500 companies continued to diversify their boards in 2024.

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Exclusive: Fal, generative media platform for developers, raises $49 million Series B

Fal, generative media platform for developers, has raised a $49 million Series B, Fortune can exclusively report.

Fortune

Top U.S. Amazon sellers want Trump to intervene in battle with Chinese competitors.

The billionaire investor Mark Cuban also told Fortune that the state of competition on Amazon is “a huge problem for small companies."

Fortune

e.l.f. Beauty CEO on how to reach Gen-Z women

Also: Altman gets candid about Elon, Powell shrugs off possibility of Trump firing Fed members.

Fortune

Can AI make us lose our minds?

AI designed to mimic human interaction can exploit weaknesses in our minds and emotions—with catastrophic consequences.

Fortune

Bosses are fed up with remote work for 4 main reasons. Some of them are undeniable

The data showing that remote workers spend fewer hours working, less productively, is really starting to add up.

Fortune

JPMorgan Chase workers launch petition to halt 5-day back-to-office demand

The petition comes as some bank workers push to form a union.

Fortune

The Paris AI Action Summit was a fork in the road—but are we on a path to prosperity or disaster?

AI Safety, the original purpose of these summits, was sidelined in favor of talk of AI opportunity

Fortune

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Fortune

China’s wealthy shoppers have adopted a new mentality—and it’s terrible news for luxury brands like LVMH and Kering who bet billions on their loyalty

After luxury companies invested billions in China’s market, the country’s consumers turned to new pricey purchases.

Fortune

Ozempic, Wegovy maker claps back at Hims & Hers Super Bowl ad: ‘Check before you inject’

Compounded weight-loss medications, such as those promoted in the Hims & Hers commercial, aren’t approved by the Food and Drug Administration.

Fortune

Workday debuts AI agents, with CEO saying they'll ‘peacefully coexist’ with humans rather than replace them

A week after cutting 1,750 jobs, Workday’s CEO insists that AI “digital employees” will peacefully coexist with human workers.

Fortune

Patients call out fat-shaming doctors for hurting their health: ‘I always go in with my guard up’

Weight bias is pervasive in medical settings, say experts.

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Fortune

Kering CEO not too concerned about the impact of tariffs as the Gucci owner says moving production to the U.S. ‘makes no sense’

“Most of our brands, we're producing in Italy and in France… we're selling a part of our culture," Kering CEO Francois-Henri Pinault said.

Fortune

23-year-old serial entrepreneur Steven Wang dropped out of Harvard and raised $17 million for his brokerage. He says he made his worst stock investment in elementary school

Steven Wang, founder and CEO of the trading platform dub, spends $150 a year on a meditation app, doesn't cook to optimize time and wears the same two shoes everyday.

Fortune

DEI has fallen out of favor—but many CEOs still have their pay tied to pursuing its goals

Companies pledged to pay execs for hitting DEI-related goals, but now that “DEI” is on the outs, companies are giving their plans a facelift.

Fortune

Can Finnair’s new CEO navigate turbulence and take the airline higher?

Finnair has had to adapt to several challenges in the last five years, including the pandemic and then the war in Ukraine which closed Russian airspace—so how does its new CEO see the future of Finnair?

Fortune

Thousands of investors in Trump’s memecoin lost $2 billion in just weeks while the family and its partners racked up $100 million in trading fees

Since its Jan. 17 launch, $TRUMP has lost nearly 80% of its share price, which now hovers around $16.

Fortune

Exclusive: Nestlé is expanding its $20 billion ‘emotional’ pet foods as it hones in on its top-performing brands

Many pet owners are “humanizing” their pets, creating demand for a wider variety of products, Nestlé told Fortune exclusively.

Fortune

Smaller countries may ‘have to choose’ between the U.S. and China, warns author Robert Kaplan

“For decades, countries like Singapore and Australia and others were able to essentially get rich off China, and be protected by the U.S. Navy,” Kaplan explained. “They didn’t have to choose.”

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