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The Latest Breaking News from Fortune

The director of the Congressional Budget Office—known for its gloomy national debt data—is very optimistic that a crisis will be avoided entirely

“Making progress to address the fiscal trajectory would be a positive for the U.S. economy,” Swagel said. “We can’t go on [with] the scolding narrative.”

Fortune

Gen Z is 'Chinamaxxing'—and it's less a love letter to Beijing than an indictment of America

A viral TikTok trend is handing Beijing a cultural moment that decades of propaganda never could. Are we entering the Chinese century?

Fortune

The economist who was terrified of AI just found a rare reason for hope

Alex Imas spent years warning AI could collapse labor markets and crater demand. But he's been working on a new theory about what could go right.

Fortune

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The one metric Warren Buffett says can crash the stock market just hit a dizzying new high

The “Buffett Indicator” has been a closely watched stock market valuation gauge ever since the legendary investor explained his reasoning in a 2001 article in Fortune.

Fortune

Pope Leo XIV Just Slammed Elon Musk: 'We're in Big Trouble' If He Hits $1 Trillion - But Why?

Pope Leo XIV has warned that Elon Musk's potential trillionaire status highlights a moral distortion in the economy, emphasising the growing wealth gap and questioning societal values.

International Business Times UK

Zillow's CEO says his friends were shocked when he quit a cushy Microsoft job—but Steve Jobs led to his success at the $10.5 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.

Fortune

This founder was an AI layoff 9 months ago. Then he built an instantly profitable company with 2 partners and 12 agents

"We launched 2.5 months ago, and right now, we have $300,000 in ARR."

Fortune

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From drought to demand: Biotech IPOs roar back with Kailera and Alamar

Strong demand for GLP-1 drugs and next-gen diagnostic testing is pulling investors back into life sciences, even as AI soaks up most venture dollars.

Fortune

Trump's big housing market solution is dead on arrival, UBS says—its model is Texas from 25 years ago

"There isn't a magic wand that will all of a sudden return housing affordability to its historic average tomorrow," ResiClub's Lance Lambert told Fortune.

Fortune

'We should absolutely be concerned about non-college-educated men today': higher rents, living at home, falling out of the labor market

“Very real economic forces” are “limiting the options for noncollege-educated men,” said Gabrielle Penrose of the American Institute for Boys and Men.

Fortune

United CEO Scott Kirby and American CEO Robert Isom were once colleagues known as ‘the dream team.’ Now Kirby wants to acquire his rival

The dueling CEOs of United and American have a long history of circling each other in the industry.

Fortune

Something is different about Trump's $1 trillion war on Iran and its stress on the national debt, Harvard Kennedy scholar says

During the wars in Iraq and Afghanistan, debt held by the public was around $4 trillion. Now it's $31 trillion, and 15% of the budget pays down interest.

Fortune

The power has swung back to employers—and workers are paying for it in benefits, flexibility, and leverage

With unemployment at 4.3% and quits near a multiyear low, employees are absorbing cuts they would have walked out on three years ago.

Fortune

Illinois is OpenAI and Anthropic’s latest battleground as state tries to assess liability for catastrophes caused by AI

OpenAI is backing SB 3444, under which frontier AI developers would not be liable for the death or serious injury of 100 or more people or more than $1 billion in property damage.

Fortune

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Fortune

If the economy feels even worse for you than inflation data is showing, that might be because childcare isn’t deemed a ‘necessity’

“The cost of childcare obviously impacts labor force decisions, and that in turn impacts labor growth as a whole,” a BofA economist tells Fortune.

Fortune

The startup Blackstone just backed to turn any exec’s data question into instant answers

Ethan Ding cofounded TextQL in 2022 with Mark Hay, and the startup just closed $17 million in strategic investment led by Blackstone.

Fortune

The first wave of bank earnings shows why 'resilience' is Wall Street's favorite word

Also: All the news and watercooler chat from Fortune.

Fortune

Poppi’s cofounder pitched her startup on Shark Tank while 9 months pregnant and landed a $400,000 deal—now it's worth $2 billion

Poppi cofounder Allison Ellsworth’s 2018 Shark Tank pitch helped catapult the brand into beverage fame.

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news in one place.

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Fortune

Teen boys are choosing AI girlfriends over real ones for 'maximum control, zero rejection'—experts say it could make them unemployable

Gen Alpha boys are dating AI chatbots for connection—but opting out of real relationships could kill their social skills and career prospects.

Fortune

A United American merger is by no means impossible given the president 'loves big deals'

Answering five key questions about a blockbuster deal.

Fortune

Meet Joe McCann: the high-flying crypto trader held in Tanzania after sudden death of his influencer fiancée Ashly Robinson

Robinson's family has labeled the death suspicious, and comes after a series of troubles at McCann's crypto fund.

Fortune

China has ‘nearly erased’ America’s lead in AI—and the flow of tech experts moving to the U.S. is slowing to a trickle, Stanford report says

The U.S.’s $286 billion in private AI investment far exceeds China’s, but America is seeing its lead shrink in performance and talent.

Fortune

Self-made millionaire behind $5 billion Skims Emma Grede says it all began with a cold call to Kris Jenner: Emma Grede—the self-made millionaire behind the $5 billion Skims empire—says it all began with an audacious cold call to Kris Jenner: ‘The difference between me and someone else is, I made it happen’

Emma Grede runs multiple businesses with the Kardashians. In an exclusive interview with Fortune, she reveals that empire can all be traced back to one phone call she made to Kris Jenner that changed everything.

Fortune

Americans have never been this gloomy about the economy. Wall Street has never cashed in harder

“Stock markets respond to risks shifting around,” top economist Claudia Sahm told Fortune. “Households respond to reality.”

Fortune

Exclusive: Eigen raises a seed round from Benchmark to build the world’s first ‘mutual friend’

The company’s 22-year-old founder left high school at 17, and is now tackling the loneliness epidemic.

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