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.

Fortune · Jul 12, 2024

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?

Fortune · Jul 11, 2024

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.

Fortune · Jul 11, 2024

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.

Fortune · Jul 11, 2024

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.

Fortune · Jul 11, 2024

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.

Fortune · Jul 11, 2024

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.

Fortune · Jul 10, 2024

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.

Fortune · Jul 10, 2024

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.

Fortune · Jul 10, 2024

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.

Fortune · Jul 10, 2024