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The Latest Breaking News from Fortune

KPMG’s new CEO joined as an intern 33 years ago. Now he wants to lure Gen Z back with a new office outfitted with moody lounges and a barista bar

KPMG is shrinking its New York footprint by 40% and betting on design—not mandates—to bring employees back to the office.

Fortune

Crypto venture firm CMT Digital raises $136 million for fourth fund

The Chicago-based company has backed crypto stalwarts like stablecoin giant Circle and blockchain-based lender Figure.

Fortune

Ulta Beauty CEO Kecia Steelman went from earning $8 an hour to running the U.S.'s largest beauty retailer

Also: All the news and watercooler chat from Fortune.

Fortune

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Meet the power broker of the AI age: OpenAI's 'builder-in-chief' helping to turn Sam Altman's trillion-dollar data center dreams into reality

Greg Brockman is OpenAI's master builder, steering a $1.4 trillion infrastructure buildout with stakes that go far beyond the tech sector.

Fortune

Roelof Botha steps aside as Sequoia’s steward, passing the role to Alfred Lin and Pat Grady

After nearly a decade at the helm of Sequoia Capital, Roelof Botha will step aside as steward of the legendary Silicon Valley VC firm.

Fortune

IBM’s CEO disagrees with JPMorgan CEO Jamie Dimon’s disdain for texting in meetings: ‘Telling people they can't use their technology would be weird’

Jamie Dimon calls checking your email during a meeting disrespectful—but IBM’s CEO says he doesn’t care, depending on the number of people in the room.

Fortune

Some CEOs have vowed to revolt against a Zohran Mamdani win. Jamie Dimon says he'll 'call him and offer my help'

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Fortune

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Why AI shouldn’t entirely decide promotions and raises—and where the human touch matters

At our Fortune Global Forum, economics and geopolitical tensions were hot topics, but the future of the workforce and workplace also came up in many conversations.

Fortune

Why corporate executives shouldn’t ignore their own AI upskilling

Executives who fail to focus on their own learning risk falling behind the very technologies they champion.

Fortune

Trump takes center stage at APEC–yet Asia’s business leaders are optimistic that multilateralism will prevail

Also: All the news and watercooler chat from Fortune.

Fortune

Exclusive: Airwallex crosses $1 billion in annualized revenue as fintech unicorn takes on U.S. competitors like Ramp and Stripe

Airwallex cofounder and CEO Jack Zhang says the company is growing 90% year over year after expanding into the U.S. and Europe.

Fortune

I spoke to Bill de Blasio about being cloned—and what public figures can do when AI fakes strike: 'All you can do is go online and deny what it is'

In a world full of online impersonators, deepfakes, trading scams, ChatGPT writing essays, and AI-curated images, a growing number of people are now asking, “is that real, or AI?”

Fortune

This founder went from designing Happy Meal toys to making prosthetic skulls for a living—and her company now rakes in $20 million a year

Entrepreneur Nancy Hairston founded 3D medical-design company MedCAD after designing McDonald’s Happy Meal toys and Bratz dolls—and her products are changing lives.

Fortune

In private credit, banks are ‘quietly preparing for some distress on the horizon’ by requiring ever-stricter legal terms for debt-ridden companies

For instance, the level of so-called lien subordination protection has doubled in a year.

Fortune

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Fortune

United and American Airlines beg Congress to end shutdown ahead of busy holiday season as air traffic controllers work overtime without pay

“It's putting stress on people. It's not fair to those people. It's also putting stress on the economy,” United Airlines CEO Scott Kirby said.

Fortune

Crypto’s second wave of ETFs arrives, investors snap up new Solana offering

New Litecoin and Hedera ETFs also launched, but to more modest demand.

Fortune

Yesterday’s bloodbath in stocks was ‘the end of the cutting season,’ BofA says: Now we’re on alert for the ‘fail risks’ of 2025

No major central banks are expected to cut rates again this year, BofA predicts.

Fortune

Barry’s chairman unwinds at his own gym—but even he admits balance is elusive: ‘Many days I have to wake up and choose who I’m going to disappoint’

Barry’s chair went from joining the gym at 26 to running it—now, he still wears athletic wear to work, has the same lunch every day, and spends $2.70 a night for the best sleep of his life.

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Benzinga

Goldman Sachs Survey Finds Only 11% Of Companies Cutting Jobs As AI Adoption Rises: Report

A survey by Goldman Sachs Group Inc. (NYSE:GS) found that just 11% of clients in the technology, industrial, and finance sectors are actively cutting jobs as a result of AI adoption. The report gathered insights from more than 100 Goldman Sachs investment bankers.

Fortune

Since ChatGPT launched, job openings are down 30% while the stock market is up 70%. One economist says the true culprit isn’t AI, but monetary policy

The relationship between job openings and stock market performance has been called “the scariest chart in the world.”

Fortune

CEOs who are also board chairs are the problem not the solution, says top governance expert

Also: All the news and watercooler chat from Fortune.

Fortune

Why corporate executives are not concerned about an AI bubble

Corporate executives are more afraid of missing out on tomorrow's AI capabilities than they that AI won't deliver ROI

Fortune

Harvard professor calls out 'lie' of needing 8 hours of sleep a night, says it's Industrial Era 'nonsense'

How much sleep do you really need? Scientists emphasize a "U-shaped risk curve."

Fortune

Tom Brady calls out a problem with modern parenting: 'Every time they mess up, we send them to an easier place to succeed'

Denying kids opportunities for failure and disappointment will hamstring their chances of success, the NFL legend said.

Fortune

Meet Timothy Mellon, the reclusive Wyoming billionaire revealed as the $130 million donor funding military pay during the federal shutdown

The great-great-grandson of Mellon Bank’s founder inherited around $23 million from the family business, before making his own fortune in the railroad. Now he’s donating millions of it to the Republican Party.

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