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The Latest Breaking News from Fortune

Autodesk CEO fights declining optimism around AI

Also: All the news and watercooler chat from Fortune.

Fortune

Trump’s $499 ‘built in the U.S.’ smartphone will likely be made in China, analysts say, making it subject to his own tariff policy

“The idea that [manufacturing] could be replicated in the U.S. in any sort of short- to medium-term time scale is fanciful,” one analyst said.

Fortune

Stocks sink amid instability in the Middle East, Fed decision

The S&P 500 dropped as Trump weighs whether to enter Israel’s war with Iran.

Fortune

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Coinbase is seeking regulatory approval to offer blockchain-based stock trading

The company’s chief legal officer reportedly calls “tokenized equities” a “huge priority.”

Fortune

To get the benefits of AI, businesses must change how they operate, Microsoft says

Automating existing processes provides limited gains. Bigger leaps come from new workflows and organizational structures.

Fortune

Ethereum critics say it has failed—but boosters say cryptocurrency has become ‘digital oil’

The second largest cryptocurrency has lagged behind Bitcoin in price and is still about 50% below all-time highs in 2021.

Fortune

Cushman & Wakefield’s Michelle MacKay on the advantages of board-to-CEO leaders

Also: All the news and watercooler chat from Fortune.

Fortune

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Canva’s cofounder is looking to hire ‘AI natives’ and university dropouts

“They’re really good hires, especially when you add them to a nontechnical team and upskill the rest of the organization,” Cliff Obrecht said. “[They] become evangelists in the organization and really help drive that mindset shift.”

Fortune

Fed meets as policymakers are expected to assert their independence amid Trump’s pressure

After a turbulent spring, investors will be watching this latest Fed meeting to see if Chair Jerome Powell will offer any hints about whether the worst has passed or is yet to come.

Fortune

Exclusive: Trump’s former commerce secretary says an overconfident White House may push trade allies like the EU too far

The Trump administration is scoring wins with its new foreign policy, says Wilbur Ross, but runs the risk of getting overconfident because of its successes.

Fortune

Inside Blackstone’s $500 billion bet on Europe

As Steve Schwarzman braces to dethrone Warren Buffett as the longest-running Fortune 500 CEO, he and other Blackstone execs talk about the asset manager’s plans for Europe.

Fortune

Merck exec says Chernobyl changed the course of her life after her father begged her to leave nuclear physics on his deathbed

Gen Z grads are slamming degrees as worthless—but Fortune 500 boss, Doina Ionescu, says her MBA was the best investment because ‘it has fundamentally changed me as a person’.

Fortune

JPMorgan Chase files for blockchain-related trademark, triggering speculation it has stablecoin plans

The trademark filing for “JPMD” referred to digital currencies and other blockchain technology.

Fortune

Exclusive: Congressman Tim Moore failed to properly disclose hundreds of thousands of dollars worth of personal stock purchases made around Trump's 'Liberation Day' in a potential STOCK Act violation

Moore did not publicly disclose a dozen stock trades that he made throughout April until Friday, which is well after a federal deadline for doing so.

Fortune

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news in one place.

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The CEOs of Starbucks and Chipotle hit the gym together each morning—they bounce ideas off each other at 5 a.m. between sets

The newest coffee or burrito innovation might not be spun out of the boardroom—but rather the weight room. Brian Niccol and Scott Boatwright spot each other every morning—and bounce ideas off each other in between sets.

Fortune

Nonprofit run by former CEO Anne Wojcicki wins bid to acquire 23andMe for $305 million

Price tag is $305 million.

Fortune

Corporate CFOs are warming up to blockchain

Interest in stablecoins is becoming increasingly common.

Fortune

Free breakfast is disappearing at popular hotel brands

Experts explain why this perk is being reconsidered.

Get all your
news in one place.

100's of premium titles.
One news app.

Fortune

WorkWhile, flexible labor platform, raises $23 million Series B

WorkWhile raised a $23 million Series B, Fortune has exclusively learned. Rethink Impact led the round.

Fortune

OpenAI plans to continue working with Scale AI despite rival Meta’s $14.3bn deal, CFO says

Despite the $14.3 billion investment that is shaking up the AI landscape, OpenAI's CFO says the company plans to keep working with Scale AI.

Fortune

General Mills CEO Harmening: 'We don't sell Cheerios in the morning and then think about sustainability in the afternoon'

Also: Israel-Iran conflict enters fourth day, Trump orders more mass deportations.

Fortune

Exclusive: Trump's fixation with 90-day pauses is less about foreign governments, and more about signing deals by mid-terms, says his former commerce secretary

"In history the senators always had a big voice in tariffs—so far he hasn't given them any voice, and there's always the danger that they will suddenly start to exert a voice," Wilbur Ross tells Fortune.

Fortune

As Harvard’s and Yale’s private equity holdings go on sale, buyers can use this technique for 1,000% windfalls. ‘It makes your brain melt’

Universities are willing to sell at a discount, but not necessarily because of Trump’s attack on their finances.

Fortune

To accept or decline: Here's how you should treat LinkedIn requests from strangers

While some individuals are willing to accept any request, others are more guarded about who’s allowed in their networks.

Tom’s Hardware

Nvidia CEO slams Anthropic's chief over his claims of AI taking half of jobs and being unsafe — ‘Don’t do it in a dark room and tell me it’s safe’

Nvidia CEO Jensen Huang disagrees with Anthropic CEO Dario Amodei's prediction that AI will wipe out nearly 50% of white-collar jobs.

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