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The Latest Breaking News from Fortune

Walmart’s CFO on competing for tech talent: 'You’re helping shape the future of retail on a massive scale'

Amid soaring e-commerce sales and rising tech salaries, Walmart is focused on the long term.

Fortune

Private equity dealmaking in aerospace and defense drops 32% in Q2, PitchBook says

PitchBook data shows a 32% year-over-year decline in aerospace and defense deal count, a drop the research platform links to tariffs and broader geopolitical uncertainty.

Fortune

Former Siemens and Alcoa CEO Klaus Kleinfeld dismisses the idea of work-life separation: 'You are one person'

Also: All the news and watercooler chat from Fortune.

Fortune

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Trump's 19-year war on wind power is 'weaponizing bureaucracy to undermine American energy production,' critics say

Trump is tying wind and solar projects up in ever-increasing bureaucratic layers and reviews while expediting fossil fuels.

Fortune

Bitcoin dips ahead of Fed chair’s remarks at Jackson Hole

The world’s largest cryptocurrency is down almost 5% after notching an all-time high one week ago.

Fortune

Bernie Sanders and Donald Trump form an unlikely alliance over billions in chipmaker subsidies

Trump has a newfound taste for state involvement in the private sector. It’s a palate Sanders has long enjoyed.

Fortune

Airline customers are suing Delta and United, claiming millions of travelers paid extra for window seats only to be seated next to windowless walls

“They have quite literally sold customers a window seat without a window,” one lawyer representing the classes of airline passengers told Fortune.

Fortune

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OpenAI may soon be the most valuable private company—but Sam Altman’s net worth won’t jolt, as the CEO holds no equity and makes just $76,001 a year

OpenAI’s Sam Altman didn’t build his fortune off his modest CEO salary. The tech titan worth $1.9 billion instead made critical early investments in Uber, Airbnb, and Reddit that yielded hundreds of millions of dollars.

Fortune

How crypto’s top lobbyist persuaded lawmakers—and President Trump—to embrace the blockchain industry

Longtime D.C. veteran Kristin Smith on crypto’s political crusade and what comes next.

Fortune

CEOs at America’s 100 largest low-wage employers are paid 632 times as much as the average worker, study finds

From 2019 to 2024, average CEO pay at these firms climbed 34.7%, compared with just a 16.3% rise for their average worker pay. Inflation was 22.6% over the same period.

Fortune

Exclusive: Twin Health, metabolic health startup, raises $53 million Series E at $950 million valuation

Twin Health raised a $53 million Series E led by Maj Invest of Denmark, Fortune has exclusively learned.

Fortune

Starbucks’ CEO is ditching a merit system and giving all salaried staff a flat 2% pay raise instead

The coffee chain cited limiting costs during a turnaround effort as its reason for the modest pay bump.

Fortune

Beyond snubbing Tinder, Bumble, and casual flings, more than half of Gen Z is spending $0 monthly on dating, BofA finds

Gen Z’s economic anxiety—as well as disinterest in casual dating—has led many young people to spend little to nothing on dates.

Fortune

Gen Zer washed his college basketball team’s dirty clothes and mopped floors to prove his passion—now he’s one of the youngest interns ever at the NBA

Mocked as ‘mop boy,’ Daniel Sung turned a year of college basketball grunt work into a dream NBA internship, LinkedIn fame, and multiple startup offers at just 19.

Fortune

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How Target let Walmart steal its rizz

Also: All the news and watercooler chat from Fortune.

Benzinga

Elon Musk's $29 Billion Tesla Pay Package Sparks Investor Revolt As Major Shareholder Group Demands NASDAQ Probe

The SOC Investment Group has called for a formal investigation by NASDAQ into Tesla Inc. (NASDAQ:TSLA) regarding a recent $29 billion equity grant to CEO Elon Musk.

Fortune

Meta wants to speed its race to ‘superintelligence’—but investors will still want their billions in ad revenue

Mark Zuckerberg has hired a new AI all-star team, but Facebook, Instagram, and Ray-Bans are still getting most of the love.

Fortune

Tesla shareholder group urges probe, ‘appropriate remedial action’ from Nasdaq over Elon Musk’s $29 billion pay package

The group’s letter argues that Tesla shareholders likely “did not believe they were voting on an equity plan that would cover compensation to Mr. Musk” all the way back in 2019.

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news in one place.

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Fortune

Target's incoming CEO started as an intern at the $44 billion retail giant 20 years ago—he advises Gen Z who want to copy him to 'embrace feedback'

What started as a summer placement in Target’s finance department two decades ago has turned into the top job for Michael Fiddelke. His advice for Gen Z interns? "Slow down and ask questions. Embrace feedback."

Fortune

AI anxiety has sent markets into a tizzy, but experts say the jitters will only ‘punish those chasing the froth’

“The crash is separating real AI revenues from companies that only have AI PowerPoints.”

Fortune

President Trump may want a lower base rate on behalf of consumers, but it sure is convenient for national debt too

While Trump frames the issue as consumer pain, Wharton’s Joao Gomes told Fortune that cheaper borrowing would also ease interest payments on the government’s $37 trillion debt burden—likely a central motivation.

Fortune

This millennial gut health scientist and founder juggles 5 jobs and 2 kids—she has a 'strict' coffee routine and swears by $20-a-day lunch habit

Dr. Megan Rossi, the 36-year-old award-winning gut health scientist and TV expert swears by a 20-minute Peloton bike ride for when it all gets too much.

Fortune

Some CEOs fear AI could become the user interface for almost everything

Also: All the news and watercooler chat from Fortune.

Fortune

MAHA is reshaping Amazon and other consumer packaged goods companies’ supply chains more than tariffs right now, manufacturing platform CEO says

Keychain, a manufacturing platform, has seen an uptick in “natural” projects from its customers as food retailers respond to the healthy eating push.

Fortune

82-year-old CEO grew a $7.8 billion fortune from company shares—now she’s selling stock to charity and signed Warren Buffett's pledge to give away 99%

Epic Systems CEO Judy Faulkner pours profits from selling her nonvoting shares into charity. She also defies the Silicon Valley standard by having “Harry Potter” and “Alice in Wonderland”–themed office buildings.

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