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The Latest Breaking News from Fortune

Exclusive: Goldman Sachs intern acceptance rate falls below 1% for third straight year

It's harder to get a Goldman Sachs internship than to get accepted into Harvard, MIT or Stanford.

Fortune

Snowflake CEO says there's a big myth at the heart of every org chart

Also: All the news and watercooler chat from Fortune.

Fortune

Gen Zers are arriving to college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates

With Gen Z students struggling to read, academics have been forced to adapt—a move critics describe as “coddling” the next generation of workers.

Fortune

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This Gen Zer got reprimanded at Goldman for making cake videos as the ‘Investment Baker.’ She quit her job and is building a dessert empire

Allison Sheehan left her full-time job as a Wall Street wealth manager to scale her cake business, with a CPG brand on the horizon: Alleycat Baking Co.

Fortune

High-earning millennials and Gen Zers feel broke and conflicted: 'I make a good salary, I shouldn't be struggling this much'

Just 16% of U.S. adults say they feel financially fulfilled, and experts say the anxiety gripping everyone else often has little to do with what's actually in their bank accounts.

Fortune

This realtor is betting big on the AI IPO boom, but buying a house with stock will have to go through the OpenAI and Anthropic's boards first

In a tight housing market, some Bay Area homesellers believe exchanging their houses for stock will benefit asset-rich tech workers. But those transactions are subject to board approval.

Fortune

How Howie Mandel turned a panic attack into a mental health movement and helped build a company now worth hundreds of millions

Howie Mandel did a campaign with NOCD, a telehealth app to help spread awareness of OCD. Out of that campaign, Billy Bob Thornton and "celebrity galore" reached out.

Fortune

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The Seattle Storm used to be the ‘tail’ on the ‘dog’ of its NBA counterpart. Now the WNBA team is leading the city’s basketball revival

“It's the Sonics and the Storm; it's the Storm and the Sonics,” team co-owner Ginny Gilder said. “It's bread and butter, apple pie and vanilla ice cream. They belong together.”

Fortune

These 12 Fortune 500 companies have survived wars, crashes, and over 200 years of U.S. history

Most companies fail within five years—but Molson Coors, Cigna, and JPMorgan Chase have survived for more than 200. Their playbook: Pick the right business—and avoid disaster.

Fortune

Gen Z is ditching college for ‘more secure’ trade jobs—but boilermakers and welders actually rank among the worst entry-level jobs

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: high unemployment rates, unhappiness, and automation risks.

Fortune

Serena Williams' secret to success is about more than talent: You have to grind 'every day'

The 44-year-old tennis icon says humility and perseverance are key to success, echoing other leaders like Brian Niccol, Steve Jobs, and Mark Cuban.

Fortune

Billionaires Elon Musk and Mark Zuckerberg used mortgages to buy multimillion-dollar mansions. Here’s why that’s a savvy financial decision

Even the world’s richest people borrow money to buy homes. Financial experts say mortgages can actually be a strategic wealth move for the ultrarich.

Fortune

A CEO denied raises to spend money on AI instead. Companies have 'no idea what they're going to need in a workforce' when the AI race is over.

Companies may be cutting raises and benefits to create attrition, one expert says.

Fortune

As the World Cup draws millions to 11 U.S. cities, measles—not Ebola—may be the biggest concern

Measles may be the bigger threat partly because it is more contagious, and cases in the U.S. are already rising.

Fortune

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AI productivity gains are real but so is bad management: 'Leaders are really struggling to articulate what the vision and strategy is'

In the meantime, BCG's David Martin told Fotune, fear runs amok. "A sharing culture is incredibly important, but it's not natural for fearful employees.”

Fortune

'At some point you've got to make money': Goldman's top AI skeptic warns the clock is running out ahead of OpenAI and Anthropic IPOs

Jim Covello has been Wall Street's most consistent voice of AI doubt. Two years on, he asks:"when does the short term become the long term?"

Fortune

What AI is actually good for

AI can do far more than most people realize and far less than many assume. The hardest part isn't the technology.

Fortune

Can unions power the AI economy? AFL-CIO’s Liz Shuler thinks so

Also: All the news and watercooler chat from Fortune.

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news in one place.

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Fortune

Union Pacific CEO responds to Trump idea for U.S. stake in $71.5 billion railroad mega merger: ‘We do not need anybody’s help to do this’

Union Pacific's CEO Jim Vena said he's not had any direct conversations with Trump about the government acquiring a 15% stake in the pending UP-Norfolk Southern merger.

Fortune

World’s largest sovereign wealth fund backs push for Google oversight use of its cloud, AI tech

A coalition of investors managing $1.15 trillion is pressing Alphabet to explain how it monitors government use of its cloud and AI services.

Fortune

SpaceX and Anthropic are about to go public—and your 401(k) may be forced to buy in

The dot-com guardrails are being dismantled just as SpaceX and Anthropic go public, experts warn. Your retirement account could feel it.

Fortune

Walmart CEO John Furner worked his way up from the garden center. After 30 years, he’s sharing the one trait that matters most in his job

After rising from hourly associate to CEO, Walmart’s John Furner says embracing change was key—a view shared by execs at Macy’s, Xerox, and Informatica.

Fortune

I bought peptides with crypto. How my purchase helped fuel a $100 million gray-market, ‘looksmaxxing’ economy

Some of the China-based sellers have pivoted from fentanyl to peptides.

Fortune

Jamie Dimon sees 'gung-ho' attitude and 'exuberance' in markets — just like 1972, 1986, 2000 and 2007. Uh Oh.

The JPMorgan CEO sees something funny going on with borrowed money: "Corporations, it's just not all automatically, they're all geniuses all of a sudden."

Fortune

Ray Dalio warns the stock market is approaching 1929 and 2000 bubble levels—but another crisis is 'past the point of no return'

The Bridgewater Associates founder compared the situation to "plaque in the circulatory system, squeezing out the flow of blood."

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