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The Latest Breaking News from Fortune

PwC hits the brakes on summer Fridays as growth slows and salaries get squeezed

PwC is cutting the number of half-day Fridays its employees can take as part of measures to imporve its fortunes.

More than 1 in 3 Americans have a side hustle, but they’re spending that extra cash right away. Financial experts say that’s the wrong approach.

More than 1 in 3 Americans have a side hustle, but they’re spending that extra cash right away. Financial experts say that’s the wrong approach.

Time is the ultimate luxury. Why are young people spending it driving for Uber if that doesn’t even get them ahead financially?

The U.S. just got its best inflation report in over 3 years, but stocks are still down. Here's why

The U.S. just got its best inflation report in over 3 years, but stocks are still down. Here's why

“Is the market down? Or is this the most extreme rotation that we've ever seen out of everything that people have been hiding in?” Bancreek Capital Advisors’s Eric Pachman asked.

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Costco's membership fee hike is the new CFO's first big move—but it was all part of a master plan

The new CFO was a rare outsider to join Costco's C-suite.

How we raised $100 million for my Silicon Valley startup in a down market

Entrepreneurs shouldn’t settle for good enough in any step of the fundraising process, says Alkira CEO Amir Khan.

Jump Trading made 25-year-old Kanav Kariya into a crypto celebrity. He went out as the baby-faced symbol for a crypto disaster

How a venerable Chicago financial firm became a blockchain kingmaker, then fell back to earth.

The death of the Chevron doctrine complicates U.S. lawmakers’ efforts to regulate AI—but there’s another way

The Loper Bright decision, while challenging existing regulatory approaches, presents an opportunity to create more innovation-friendly governance for AI.

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SEC drops key stablecoin investigation into Paxos in win for crypto industry

SEC drops key stablecoin investigation into Paxos in win for crypto industry

The Gary Gensler-led agency issued a Wells notice against Paxos in Feb. 2023, indicating an active investigation and possible enforcement action.

Exclusive: Armada lands $40 million in funding round led by Microsoft’s M12

Exclusive: Armada lands $40 million in funding round led by Microsoft’s M12

Armada came out of stealth in 2023, and has so far raised $100 million, having just announced its Series A in December. And now, Fortune can exclusively report, it has scored another $40 million from Microsoft’s venture fund, M12.

GoFundMe CEO Tim Cadogan is revolutionizing crowdfunding with a conscience, securing over $30 billion for 'good causes' since 2010

GoFundMe CEO Tim Cadogan is revolutionizing crowdfunding with a conscience, securing over $30 billion for 'good causes' since 2010

In this week's CEO Agenda, GoFundMe's Tim Cadogan tells Fortune how AI and technology is helping to amplify worldwide solidarity.

Sullivan & Cromwell will scan new hires for anti-Israel protest activities

Sullivan & Cromwell will scan new hires for anti-Israel protest activities

A lawyer called the policy so “draconian” that it could run afoul of the Civil Rights Act.

Tesla's market share has fallen, but Elon Musk's company is back among the Magnificent Seven

Tesla's market share has fallen, but Elon Musk's company is back among the Magnificent Seven

The New York Times reported that Tesla's market share has fallen under 50%, but better-than-expected deliveries have fueled a massive rally.

Welcome to 'The Great Detachment': Workers are checked out—and so are their bosses

Welcome to 'The Great Detachment': Workers are checked out—and so are their bosses

The workforce is disenchanted and disengaged, but too constrained to leave.

A power company's app couldn't keep up after Hurricane Beryl—so Texans turned to a fast-food burger chain to track power outages

A power company's app couldn't keep up after Hurricane Beryl—so Texans turned to a fast-food burger chain to track power outages

The Category 1 storm resulted in 2.5 million outages and led to eight deaths in Texas and Louisiana.

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Germany's sale of 0.25% of the world's Bitcoin adds to crypto market jitters

Bitcoin has tumbled by 19% since the German government accelerated its sales of almost 50,000 seized coins.

“From eating patterns to lifestyle practices”: Reviewing Institute for Integrative Nutrition’s health coach certification program

The health coach certification was deemed best for integrative medicine as part of Fortune's 2024 list.

Goldman Sachs to launch three tokenization projects by end of year, says digital assets chief

The banking giant sees a major uptick in demand for crypto services, from trading to Bitcoin ETFs.

What to know about AI and bias

"Mastering AI" explains how the technology will transform business and society over the next decade.

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Exclusive: Intuit is laying off 1,800 employees due to AI transformation

But the maker of QuickBooks, Credit Karma, and TurboTax said in an internal email seen by Fortune it is also hiring for 1,800 new roles as part of the AI evolution.

What I learned during my year of writing about HR

HR executives as business power players, labor market turbulence, and the AI revolution—there’s a lot to uncover in the HR beat.

Gen Z grad reveals how she landed her dream role by ‘shooting her shot’

Ashleigh Spiliopoulou found her dream employer, Emerge PR, on Instagram and cold emailed the CEO.

Builders are pumping the brakes on new apartment construction. But landlords will keep 'jacking up' rental prices

Even though we’re “in a big hole” when it comes to housing supply, builders are backing off.

Knowledge workers don’t seem to think AI will replace them—but they expect it to save them 4 hours a week in the next year

Professionals predict AI could free up as much as 4 hours a week in the next year—and up to 12 hours a week within 5 years.

The VC behind Mistral, Revolut and Slack just raised $2.3 billion to invest in long-term AI champions: ‘The era of the quick buck mentality is over’

“We think Europe is going to be one of the most important ecosystems for AI,” Index Ventures's Hannah Seal told Fortune.

As more and more weight-loss startups prescribe Ozempic and Wegovy, doctors say they’re making unproven claims

Noom, Calibrate, and Embla tell customers they can stop taking GLP-1s and keep off the weight they’ve lost. Doctors and drug manufacturers disagree.

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