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The Latest Breaking News from Fortune

Amazon AI exec’s top career advice is always pick up your phone—it’s a disaster for Gen Z who have telephobia

Ignoring unknown callers could be costing millions of unemployed Gen Z their big break. Take it from Amazon’s AI exec Rohit Prasad.

Fortune

White knuckles and 'massive unknowns' ahead of Trump’s July 9th tariff deadline

Trump’s next moves could impact how countries go about the next round of trade talks

Fortune

From 401(k) Loans to Side Hustles: The Extreme Measures Parents Take to Avoid Student Debt

As the cost of college in the U.S. continues to surge, many parents are resorting to drastic financial strategies—including pausing retirement contributions, liquidating investments, and taking second jobs—to spare their children from taking on student debt.

Benzinga

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The next phase of Starbucks' turnaround plan is offering executives up to $6 million in stock grants, as baristas scrap to get annual raises above 2%

Baristas reportedly received 2% to 3% pay increases at the end of 2024 following a tough financial year. New CEO Brian Niccol received nearly $100 million within his first year as boss.

Fortune

Tesla's shock Q2 delivery surprise may have been driven by smaller unexpected markets, leaving Wall Street puzzled

In order to meet Q2 delivery estimates, Elon Musk may have redirected sales to smaller markets not deep enough to sustain such high volumes over longer periods of time.

Fortune

Katie Miller—who left Trump's White House with Elon Musk—surfaces at xAI

Katie Miller has emerged as a key spokesperson for Musk while her husband, Stephen Miller, remains President Trump's deputy chief of staff.

Fortune

Bosses are catching on to their 'overemployed' staff—one worker says they’re making $3K a day doing 5 jobs

Since a tech entrepreneur discovered he might have been duped by someone trying to work at four startups at once, overworking has caught the eyes of concerned bosses.

Fortune

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The GOP's $4.5 trillion spending bill creates a parallel, harsher tax system for immigrants and their relatives

The bill just passed by the Senate excludes immigrants and their citizen relatives from certain tax credits while dramatically hiking the fees immigrants must pay to access the asylum system.

Fortune

Amazon has a new performance review system

Amazon has introduced a stricter performance review process.

Fortune

Summer Fridays are dead because remote work killed them

Companies are using relaxed schedules and decreased productivity as excuses to reel back the warm weather benefit.

Fortune

Congress just backed off an AI regulation moratorium—Here’s how states like California are trying to regulate ‘robo bosses’ at work

California has a bill in progress, and Colorado already has one on the books.

Fortune

Private equity fund Capitol Meridian started in 2021 to bet on defense. Suddenly it’s the hottest sector around

Founded by two veterans of the Carlyle Group, Adam Palmer and Brooke Coburn, Capital Meridian is one of a newish breed of sector specific funds.

Fortune

CEOs have a new AI flex

Also: All the news and watercooler chat from Fortune.

Fortune

The new CEO flex: Bragging that AI handles exactly X% of the work

Big Tech CEOs love to boast that AI is doing the work—but the numbers they cite are surprisingly vague, and the real impact is hard to track.

Fortune

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Fortune

Mastering AI at work: a practical guide to using ChatGPT, Gemini, Claude, and more

If you want to avoid being the latest casualty of the AI innovation wave, it’s critical to learn how to effectively prompt in the workplace.

Fortune

Solana's first ETF goes live as crypto analysts predict surge of new altcoin funds

Rex Shares and Osprey Trust filed to launch the ETF in January.

Fortune

Condo prices are falling. Gen Z and millennials: This could be your shot to break into the housing market

Condo prices dropped 2% year over year, according to Redfin.

Fortune

Zillow's CEO says his friends were shocked when he quit a cushy job at Microsoft—but Steve Jobs led to his success at the $17 billion real estate firm

Zillow CEO Jeremy Wacksman left his cushy Microsoft job in 2009 to join the struggling real estate startup during the housing crisis. His friends had concerns—but he turned it around, thanks in part to Steve Jobs.

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Fortune

How Zillow CEO Jeremy Wacksman is using AI to transform the real estate industry—for buyers, sellers, and agents

“The one thing we found over the 20 years is anytime you can bring technology to the process, people will consume it," Wacksman told Fortune.

Fortune

Gen Z is ditching college for ‘more secure’ trade jobs—but building inspectors, electricians and plumbers actually have the worst unemployment rate

Trade jobs have been rebranded as a shortcut to six-figure salaries, without student debt, and immunity from automation. But Gen Z could be walking into a trap.

Fortune

Key takeaways from Mark Zuckerberg's memo on Meta's new "Superintelligence" AI drive and big hires

The hiring spree and restructuring come as pressure mounts on Zuckerberg to justify Meta's massive capital spend on AI infrastructure

Fortune

Tesla’s sales recovery hinges on low-cost car running behind schedule—‘without a new model, things will only get worse’

Tesla may have to revise its full-year guidance lower after failing to meet repeated promises it would launch at least one new lower cost model in the first half.

Fortune

There's an epidemic of fake workers—and 1 in 343 job applicants is now from North Korea, this security company says

Also: All the news and watercooler chat from Fortune.

Fortune

Salomon’s Gen X exec starts his morning with 4 espresso shots and skiing, before heading to the office at noon: ‘It is a routine I’ve stuck to for over 25 years’

Despite driving innovation at a billion-dollar brand, Salomon’s chief brand officer’s day-to-day routine is surprisingly low-key: The Gen Xer tells Fortune he’s never worn a watch, and gets picked up and dropped off at work by his wife.

Fortune

North Korean operative reveals the inner workings of the IT scam infiltrating the Fortune 500 — ‘They had no idea that we were from North Korea’

Thousands of IT workers are trapped inside a global operation that funds North Korea’s weapons program, but one managed to escape.

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