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The Latest Breaking News from Fortune

‘This is not normal’: Former Fed economist sounds alarm on Kevin Warsh after one-sided confirmation

Claudia Sahm worked with Warsh when they were at the Fed but doesn’t know him personally. She told Fortune that his disrespect for Democrats was striking.

Fortune

Wind energy executive says company ‘must adapt’ as Trump offers $2 billion to kill offshore wind projects

“My goal is to not let any windmill be built. They’re losers,” Trump said to oil executives in January.

Fortune

Record heat, zero rain, millions of acres lost: Experts warn wildfires are now America’s problem to survive

This year already promises to be a “historic” one for fires, immediately testing Trump’s new firefighting strategy.

Fortune

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GM just boosted its U.S. manufacturing spend to $6 billion in one year—and it may be returning to the idea that made it great

GM used to say, “A car for every purse and purpose.” Now, SVP Mike Trevorrow tells Fortune, “we have a wide variety of vehicles for everyone.”

Fortune

Your laundry bill is about to get more expensive—and Unilever says the Iran war is partly to blame

“There will be frequent price increases, but in small doses,” Unilever CFO Srinivas Phatak told analysts on Thursday.

Fortune

AI may hurt young workers, but it's helping boost retirees’ portfolios

AI can be “incredibly dangerous” for Gen Z, wealth advisor Jonny Jonson told Fortune, but “actually great” for older workers’ portfolios.

Fortune

High earners are feeling the pain of wealth creep—and it's led to a new trade-off in their spending

Some high earners are skipping their morning latte and putting that money into things they value more, like vacations, restaurants, and concerts.

Fortune

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Half of Google's and Amazon's 'blowout AI profits’ came from a stake in Anthropic—not from their actual business

Anthropic is the secret sauce this earnings season, as unrealized gains on the private company are so powerful they're adding billions of shareholder worth to their partners.

Fortune

Why premium card perks are 'designed to create a win-win-win for everyone' including banks, brands, and users

As consumers hunt for savings, elite credit cards are leaning on partner perks that can help offset costs and turn rewards into household budgeting.

Fortune

Public schools in Texas banned cellphones. One district has already seen 200,000 more library books checked out

Library book checkouts at one Texas school district jumped nearly 25% just months after a cellphone ban—but for many Gen Z and Gen Alpha students, the literacy crisis may already run too deep to reverse.

Fortune

Marriott CEO on why you have to defend both DEI and ICE's right to a hotel room: Dictating values is a 'bad place for the country'

Tony Capuano told Fortune that core values and a strong culture are "a great true north when you're trying to navigate these crazy times."

Fortune

Trump-tied public crypto company buys startup from one-time ‘cannabis king’ who serves as current advisor in deal worth up to $43 million

The public company, AI Financial, struck a deal in August with a Trump family crypto outfit to stockpile $1.5 billion in Trump-linked cryptocurrency.

Fortune

Hyatt's CEO has built a 'family' culture for 20 years. Now he's leaning on it

As geopolitical shocks and a fractured workforce test his industry, Mark Hoplamazian tells Fortune that caring for people isn't soft — it's strategic.

Fortune

The startup that wants to give surgeons X-ray vision

Illuminant—founded in 2021 to build “X-ray vision” for doctors—has raised an $8.4 million seed round, Fortune has exclusively learned.

Fortune

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International Business Times UK

Apple's 'Forgotten' Co-Founder Walked Away For $800 — Opens Up On Exit That Cost Him $400 Billion

Ronald Wayne, Apple's forgotten co-founder, left the company in 1976, forfeiting a potential $400 billion stake. He cites risk management and personal values as reasons for his departure.

Fortune

The $665 billion question: Will Big Tech's AI gamble pay off?

Also: All the news and watercooler chat from Fortune.

Fortune

Exclusive: America's largest Black-owned bank launches podcast with mission to unlock hidden shame holding back generational wealth

OneUnited Bank’s new podcast, “Who’s Your Ma Honey?,” argues that psychological liberation and generational wealth are two sides of the same coin

Fortune

The national debt fix would cost $827 billion—roughly what America spends on its entire military, economists warn

A Cato Institute report lays out the scale of America's fiscal reckoning as the tools that once tamed the debt are no longer available.

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Fortune

FedEx and UPS are pledging to give their tariff refunds back to consumers, and the sum will likely top $5 billion

“As soon as we ⁠get that money, we're going to remit it right back to our customers," UPS CEO Carol Tome said.

Fortune

Meta quietly rolls out stablecoin payments four years after shelving controversial Libra project

Creators can receive payouts in the stablecoin USDC on the Solana and Polygon blockchains, according to a new page on Meta’s website.

Barchart

Strong Earnings and an Inflated Buffett Indicator Are Sending Opposite Signals for the Market, and for These 2 Consumer Stocks

Hamilton Beach Brands reached a new 52-week high in Tuesday’s trading, while Tractor Supply fell to a new 52-week low. The better investment choice may not be as straightforward as it first appears. Here’s why.

Fortune

Starbucks is winning customers back after investing $500 million in workers and stores

Starbucks bet on more baristas, better schedules, and bigger benefits. It’s working.

Fortune

Accenture's Julie Sweet blew up 50 years of company history. She says the hardest part is still ahead

Sweet dismantled her own operating model while reskilling for the AI age and preserving a great place to work. She says the Fortune 500 still isn't ready.

Fortune

‘A little touch of luxury, it goes a long way’: Starbucks CEO sees the turn in the turnaround as human touch sings

Brian Niccol’s bet that Starbucks can function as an affordable indulgence for every income cohort just got its strongest data point yet.

Fortune

Meet all 37 White House ballroom donors funding the $400 million build, including Silicon Valley tech giants, crypto bros and the Lutnicks

The list, reviewed by Fortune, did not mention specific dollar amounts offered by each contributor.

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