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The Latest Breaking News from Fortune

Trump’s trade war has already sparked a massive cancellation of shipments from China to the U.S.

The Port of Los Angeles, the largest port in the U.S., predicts a 35% drop in shipments, nearly all from China, in a matter of weeks.

Fortune

Netflix’s finance guru Ramit Sethi made millions in his 20s—years before Warren Buffett. He says Gen Z says can ‘get better results than fancy New York City money managers’ if they have confidence

Want to be a self-made millionaire in your twenties like Ramit Sethi? “It’s not that complicated,” the Netflix star and best-selling author tells Fortune.

Fortune

Hasbro has a winning hand with Wizards, bucking the trend in retail

The toymaker had great success with its Wizards of the Coast segment last quarter.

Fortune

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Bitcoin hovers above $90,000 as Trump backs off Powell and trade talks advance

The crypto market has made gains this week with Solana adding 14% and XRP adding 5%.

Fortune

Nearly half of Gen Z and millennials say college was a waste of money—AI has already made degrees obsolete

College graduates are calling their degrees worthless, thanks to student loans, a fuzzy job market, and AI.

Fortune

OpenAI says it would be happy to scoop up Google’s Chrome if Alphabet is forced to sell the world’s most popular web browser

OpenAI’s ChatGPT boss said Google would not share its search index information with the company.

Fortune

Travel platform Fora closes $40 million Series C funding round

Fora closed a $40 million Series C round this year.

Fortune

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Many CEOs used their quarterly earnings to warn that Trump's tariffs are bad for business. But not ServiceNow CEO Bill McDermott

The company's first quarter earnings beat market expectations and CEO Bill McDermott sees strong growth ahead

Fortune

Struggling commercial airline Avelo has turned to deportation flights. Even though the CEO admitted it’s a controversial choice, it’s 'too valuable not to pursue'

The budget airline will start deportation flights on May 12.

Fortune

Goldman Sachs execs’ images used in deepfake video campaign targeting amateur investors on Instagram

It may come as a surprise to many to see Abby Joseph Cohen pop up in their Instagram feed with an offer that’s hard to refuse.

Fortune

Trump’s ‘art of the retreat’ may signal he’s setting Powell up to take the fall for economic turmoil

Trump’s tactical retreat on key points like Fed Chair Powell and trade negotiations with China signals a change within the White House—potentially lining up a scapegoat if its policies fall flat.

Fortune

American consumers are still buying like crazy, but the largest credit card companies are stashing funds away for a rainy day

Consumers continued to increase spending, according to quarterly earning reports.

Fortune

Trump memecoin spikes 58% in value after top holders are promised a private dinner with the president

The announcement comes as 40 million additional $Trump tokens were set to be released.

Fortune

Exclusive: Amazon is no longer penalizing some top sellers for raising prices aggressively amid U.S.-China tariff war

Amazon recently penalized some top sellers who increased prices amid Trump's tariff war. But those penalties have now been reversed.

Fortune

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‘The Sell America Trade’: Who's behind the sinking of the U.S. dollar

It's not China or Japan. It's everyone.

Fortune

Exclusive: Chainguard secures $356 million Series D as valuation soars to $3.5 billion

Chainguard raises a $356 million Series D about nine months after announcing its Series C, Fortune can exclusively report.

Fortune

Trump wants daylight saving time all year. Will ‘MAHA’ push back?

Advocates of standard time say it’s better for peoples’ circadian rhythms, or “biological clocks.”

Fortune

Ben and Jerry sold out to Unilever 25 years ago—now they’re going to war

In a lawsuit, the ice cream company accuses parent company of interfering with its social activism.  The consumer giant calls the accusations “meritless.”

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Fortune

UnitedHealth spent $1.7 million on executive security last year, 4 times the corporate average. Experts expect the figure to keep climbing

UnitedHealth Group reported its executive security compensation months after the CEO of health insurance arm UnitedHealthcare was fatally shot in December.

Fortune

Bitcoin ETFs clock highest inflows since January as Bitcoin reclaims $90,000

Bitcoin ETFs pulled in $381 million on Monday as the U.S. dollar weakened.

Fortune

Chili's is winning fast-casual dining while others are floundering because it made itself brutally efficient. Its new approach to fries is the perfect example

The casual chain with a Tex-Mex flair is making its comeback with a 31.4% same-store sales increase in Q2 fiscal year 2025.

Fortune

Morgan Stanley believed Google would rival Facebook if the search giant could beat Mark Zuckerberg to scooping up WhatsApp

Zuckerberg worried about Google diving into social media, and created a competitive buffer around Meta through M&A, according to allegations in court documents.

Fortune

Trump’s feud with Harvard has contributed to a ‘wealth spiral effect’ that could spook wealthy Boston residents into spending less, policy expert says

Threats to freeze funding and revoke the storied university’s tax-exempt status may create a self-fulfilling prophecy of a spending pullback.

Fortune

Exclusive: Supabase raises $200 million Series D at $2 billion valuation

Supabase raises a $200 million Series D, and the company hits a $2 billion valuation.

Fortune

Trump’s attacks on Fed Chair Powell trigger ‘destruction of epic proportions’ in the markets

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