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The Latest Breaking News from Fortune

The startup that wants to give surgeons X-ray vision

Illuminant—founded in 2021 to build “X-ray vision” for doctors—has raised an $8.4 million seed round, Fortune has exclusively learned.

Fortune

Apple's 'Forgotten' Co-Founder Walked Away For $800 — Opens Up On Exit That Cost Him $400 Billion

Ronald Wayne, Apple's forgotten co-founder, left the company in 1976, forfeiting a potential $400 billion stake. He cites risk management and personal values as reasons for his departure.

International Business Times UK

The $665 billion question: Will Big Tech's AI gamble pay off?

Also: All the news and watercooler chat from Fortune.

Fortune

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Exclusive: America's largest Black-owned bank launches podcast with mission to unlock hidden shame holding back generational wealth

OneUnited Bank’s new podcast, “Who’s Your Ma Honey?,” argues that psychological liberation and generational wealth are two sides of the same coin

Fortune

The national debt fix would cost $827 billion—roughly what America spends on its entire military, economists warn

A Cato Institute report lays out the scale of America's fiscal reckoning as the tools that once tamed the debt are no longer available.

Fortune

FedEx and UPS are pledging to give their tariff refunds back to consumers, and the sum will likely top $5 billion

“As soon as we ⁠get that money, we're going to remit it right back to our customers," UPS CEO Carol Tome said.

Fortune

Meta quietly rolls out stablecoin payments four years after shelving controversial Libra project

Creators can receive payouts in the stablecoin USDC on the Solana and Polygon blockchains, according to a new page on Meta’s website.

Fortune

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Strong Earnings and an Inflated Buffett Indicator Are Sending Opposite Signals for the Market, and for These 2 Consumer Stocks

Hamilton Beach Brands reached a new 52-week high in Tuesday’s trading, while Tractor Supply fell to a new 52-week low. The better investment choice may not be as straightforward as it first appears. Here’s why.

Barchart

Starbucks is winning customers back after investing $500 million in workers and stores

Starbucks bet on more baristas, better schedules, and bigger benefits. It’s working.

Fortune

Accenture's Julie Sweet blew up 50 years of company history. She says the hardest part is still ahead

Sweet dismantled her own operating model while reskilling for the AI age and preserving a great place to work. She says the Fortune 500 still isn't ready.

Fortune

‘A little touch of luxury, it goes a long way’: Starbucks CEO sees the turn in the turnaround as human touch sings

Brian Niccol’s bet that Starbucks can function as an affordable indulgence for every income cohort just got its strongest data point yet.

Fortune

Meet all 37 White House ballroom donors funding the $400 million build, including Silicon Valley tech giants, crypto bros and the Lutnicks

The list, reviewed by Fortune, did not mention specific dollar amounts offered by each contributor.

Fortune

Exclusive: Vanta hits $300 million ARR as ‘shadow AI’ explodes across corporate America

As companies struggle to control unsanctioned AI tools, the unicorn security startup has tripled revenue in two years and now serves 16,000 customers.

Fortune

More than two-thirds of U.S. schools say they’re unable to afford the cost of student free lunch—and MAHA’s dietary guidelines may make it worse

“These programs were already stretched thin before the guidelines changed,” food economist David Ortega said.

Fortune

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Fortune

CEO turnover is up, and boards are favoring experienced insiders who can hit the ground running

Also: All the news and watercooler chat from Fortune.

Fortune

From Warren Buffett to Tim Cook, these 5 Fortune 500 legends all share the same childhood job

Ross Perot once said a paper route taught “just good, basic business principles.”

Fortune

AWS CEO Matt Garman sees huge business opportunity for Amazon in AI-powered software: ‘Everything is going to be remade’

In an interview with Fortune, the CEO of Amazon Web Services discussed the company’s new push into productivity software as well as its partnership with OpenAI.

Fortune

The $39 trillion national debt just got its own version of the viral Doomsday essay

Centrist political group No Labels is using science fiction to sound the alarm: "Neither party has any credibility on the debt or deficit right now."

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Fortune

Bloomberg, the OG of financial data firms, has a potent new AI agent. How it built it holds lessons for others

Bloomberg's "AskB" shows the potential of AI agents in finance. Building it wasn't easy, Bloomberg CTO says.

Fortune

GM expects $500 million in Trump’s tariff refunds—just a fraction of the $3.1 billion in tariffs it paid last year

The automaker booked the $500 million as a first-quarter accounting gain even though it hasn't received the money yet.

Fortune

Wall Street is panicking about OpenAI. A veteran tech analyst says everyone's overreacting

Between the Wall Street Journal's report on what Sarah Friar said and the lawsuit by Elon Musk painting him as a liar, Sam Altman’s having a bad week.

Fortune

'He wanted to be CEO': Early OpenAI VC Vinod Khosla says Elon Musk's bid for control led to the Sam Altman feud and his major investment

The billionaire venture capitalist placed a $50 million check into OpenAI at a $1 billion valuation — and sent his own LPs an apology letter for doing it.

Fortune

OPEC shocker as UAE leaves oil cartel days after negotiating swap lines with Scott Bessent’s Treasury

The petrodollar saga is taking another twist. The long, slow unraveling of the architecture that has governed global finance since 1974 continues.

Fortune

Self-made multimillionaire Emma Grede says she was ‘using AI like a 42-year-old woman’—until Mark Cuban gave her a wake-up call

EXCLUSIVE: Self-made multimillionaire Emma Grede—cofounder of Skims and Obama Foundation board member—is known for building billion-dollar brands. But she tells Fortune she was using AI like a search engine until fellow “Shark Tank” star Mark Cuban gave her a “kick.”

Fortune

What the NSA's former director wants CEOs to know about navigating a dangerous world

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