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The Latest Breaking News from Fortune

Walmart's CEO gets honest about Trump's tariff reality: Prices are still going up despite the China trade war pause

Doug McMillon admitted on Thursday that even reduced China tariffs are too much for the country's largest retailer to absorb.

Fortune

The CEOs of Fortune 500 companies are already beginning to plan for the worst

Data from a Fortune and Deloitte survey provides the first empirical proof that decision-makers are reeling under the weight of Trump’s trade war, with overwhelming optimism over his administration’s economic agenda giving way to sheer pessimism in just five months.

Fortune

Ulta Beauty taps the power of Beyoncé's Cowboy Carter tour

Cécred is part of Beyoncé's latest tour—to the benefit of Ulta.

Fortune

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The AI training gap: Business leaders expect their employees to use AI at work but they aren’t providing them with any guidance

Only 10% of C-suite leaders believe they are ready for AI disruption.

Fortune

JPMorgan’s public blockchain move could set a new standard for institutional finance

Big banks face competitive pressure from fintechs and crypto-native firms.

Fortune

Nvidia’s huge deal with AI startup Humain puts Saudi Arabia at ‘the front of the line’ of global chip customers, Dan Ives says

As the Trump administration prioritizes partnerships with the Mideast, China emerges as the ‘big loser,’ the Wedbush analyst told Fortune.

Fortune

Banks are sitting on $500 billion in unrealized losses, and stagflation could cause another Silicon Valley Bank-like crisis

As long as interest rates remain elevated, lenders could be at risk if depositors get spooked.

Fortune

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Why Mastercard CEO Michael Miebach believes the future of payments is in the hands of consumers

"People want simplicity. They also want safety," Miebach told Fortune.

Fortune

Tesla chair Robyn Denholm’s $180 million stock sales come under scrutiny

Robyn Denholm has earned five times as much as UnitedHealth Group's Stephen Hemsley, the next non-executive chair most prone to liquidating stock.

Fortune

The new CEO of IMDb shares what she learned from stints at Amazon and Microsoft: 'You have to always prove yourself'

"Hard work has really been part of how I just am."

Fortune

The U.S.-China detente could ‘save Christmas,’ but expect ‘a rush of ordering the likes we’ve never seen before,’ economist says

Importers traumatized by the empty shelves during COVID lockdowns are pulling out all the stops to stock up ahead of the holiday shopping season.

Fortune

Forget coffee, $1.4 billion tech company chief says he naps instead: ‘I can take them just about anywhere’

“I’m Mormon, so I grew up without coffee,” David Blake, the founder and co-CEO of Degreed says. Take a peek into his life outside of work.

Fortune

Chinese companies are secretly powering North Korea’s global IT workers scheme

A host of Chinese front companies could be helping North Korean IT workers infiltrate U.S. businesses, a report reveals.

Fortune

Pope Leo XIV may face a six-figure tax bill for his $33,000-a-month paycheck

Filing a tax return is obligatory for all U.S. citizens, no matter where they live.

Fortune

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Fortune

Sotheby's teased a rare Rolex at auction for upwards of $1.7 million—and one day a rich Gen Zer could be its next owner

A diamond-encrusted platinum Rolex Daytona could one day be snatched by a rich Gen Z as the young generation looks for non-traditional ways to invest.

Fortune

Norway Wealth Fund is freezing hiring to focus on AI use, despite research showing AI projects seldom offer a return in investment

CEO Nicolai Tangen told Fortune the task of monitoring the risks of its 9,000 investments now takes minutes thanks to its AI.

Fortune

7 key takeaways from Fortune's AI conference in London

Regulation is not the enemy of innovation was among the many insights from the two-day conference.

Fortune

NBCU unveils new content slate and gears up for 100th anniversary

NBCU highlighted its "franchise-first" focus at its Upfront presentation.

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Fortune

Exclusive: Two decades in, DFJ Growth raises $1.2 billion for its fifth fund and doubles down on the long game

DFJ Growth—backers of Coinbase, Twitter, and Ring—raised $1.2 billion for its fifth fund, Fortune can exclusively report.

Fortune

AI may cut the need for younger staff, some CEOs say: ‘With the commoditization of intelligence, it’s not about having the smartest people anymore’

Also: Trump’s memecoin dinner is likely dominated by foreign interests, Republicans are uneasy with the Qatari Air Force One gift.

Fortune

Trump is hosting a dinner for the biggest buyers of his memecoin. The guest list is now set—and many of the winners are foreign nationals

Democratic lawmakers have said the crypto confab is a clear case of corruption.

Fortune

Trivago’s millennial CEO says he never had a career plan: 'I just followed where the energy was'

Gen Z is often ridiculed for their focus on vibes—whether it’s for investing or taking a job. But the millennial CEO of Trivago has done exactly that for his entire career.

Fortune

Nick Jonas has invested in Olipop, Snackpass, and Magic Spoon—he says he won't back a founder without a killer story

The 32-year-old backed $1.85 billion cult-favorite soda line Olipop in 2022. Now, he reveals his investment red flags to Fortune.

Fortune

Bill Gates says businesses need to understand the politics for the next 20 years, not just the next two days

Microsoft co-founder Bill Gates said AI is already reshaping the job sector and Trump's tariff uncertainty is adding further fuel to the fire.

Fortune

Tesla manager claims he was fired for warning Elon Musk is at fault for tanking EV sales

After nearly six years at the EV manufacturer, Matthew LaBrot said he lost his "dream job" after demanding Musk cede the reins—a price the manager said he was willing to pay.

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