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The Latest Breaking News from Fortune

If the economy feels even worse for you than inflation data is showing, that might be because childcare isn’t deemed a ‘necessity’

“The cost of childcare obviously impacts labor force decisions, and that in turn impacts labor growth as a whole,” a BofA economist tells Fortune.

Fortune

The startup Blackstone just backed to turn any exec’s data question into instant answers

Ethan Ding cofounded TextQL in 2022 with Mark Hay, and the startup just closed $17 million in strategic investment led by Blackstone.

Fortune

The first wave of bank earnings shows why 'resilience' is Wall Street's favorite word

Also: All the news and watercooler chat from Fortune.

Fortune

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Poppi’s cofounder pitched her startup on Shark Tank while 9 months pregnant and landed a $400,000 deal—now it's worth $2 billion

Poppi cofounder Allison Ellsworth’s 2018 Shark Tank pitch helped catapult the brand into beverage fame.

Fortune

Teen boys are choosing AI girlfriends over real ones for 'maximum control, zero rejection'—experts say it could make them unemployable

Gen Alpha boys are dating AI chatbots for connection—but opting out of real relationships could kill their social skills and career prospects.

Fortune

A United American merger is by no means impossible given the president 'loves big deals'

Answering five key questions about a blockbuster deal.

Fortune

Meet Joe McCann: The high-flying crypto trader held in Tanzania after sudden death of his influencer fiancée Ashly Robinson

Almost two months after he was detained, McCann said that he was allowed to leave Tanzania once authorities confirmed that Robinson died by suicide.

Fortune

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China has ‘nearly erased’ America’s lead in AI—and the flow of tech experts moving to the U.S. is slowing to a trickle, Stanford report says

The U.S.’s $286 billion in private AI investment far exceeds China’s, but America is seeing its lead shrink in performance and talent.

Fortune

Self-made millionaire behind $5 billion Skims Emma Grede says it all began with a cold call to Kris Jenner: Emma Grede—the self-made millionaire behind the $5 billion Skims empire—says it all began with an audacious cold call to Kris Jenner: ‘The difference between me and someone else is, I made it happen’

Emma Grede runs multiple businesses with the Kardashians. In an exclusive interview with Fortune, she reveals that empire can all be traced back to one phone call she made to Kris Jenner that changed everything.

Fortune

Americans have never been this gloomy about the economy. Wall Street has never cashed in harder

“Stock markets respond to risks shifting around,” top economist Claudia Sahm told Fortune. “Households respond to reality.”

Fortune

Exclusive: Eigen raises a seed round from Benchmark to build the world’s first ‘mutual friend’

The company’s 22-year-old founder left high school at 17, and is now tackling the loneliness epidemic.

Fortune

Gen Z turning its back on AI isn’t irrational—it’s a verdict on everyone who failed them

The most tech-native generation in U.S. history has soured on the defining technology of its era. The more they use it, the more they despair.

Fortune

Everyone was wondering what Trump wanted more: Warsh smoothly seated at the Fed, or for Powell to pay. We have our answer

Republican sources told Fortune it was unlikely Warsh himself would be the cause of any vote against his candidacy, while Democrat sources say there is little he could do to convince critics that he isn’t a puppet of the White House.

Fortune

Canva debuts a new suite of agentic tools, as the design app quietly becomes one of the world’s most used AI services

Canva AI 2.0 shifts the startup away from just “a design platform with AI services built on top,” especially as AI challenges the design SaaS space.

Fortune

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Most of you are rejecting AI. The data shows you’re running out of time

We have really strong feelings about AI, positive and negative.

Fortune

Two physicians on ending the waiting-room era: bring care home

Aetna CMO Benjamin Kornitzer and former Senate Majority Leader Bill Frist on why home-based care for America's sickest seniors isn't a vision anymore.

Fortune

Forget the chatbot wars. Demis Hassabis is thinking about something far bigger

Also: All the news and watercooler chat from Fortune.

Fortune

These Americans are refusing to pay their taxes in protest of the Trump administration

From a Brooklyn freelancer who hasn’t paid federal taxes since the Vietnam War to a new mom horrified by the Iran war, tax resisters say they’d rather face IRS consequences than fund policies they oppose.

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Fortune

Why no nation is truly ‘energy independent’ while the Strait of Hormuz remains closed

The U.S. blockade is working, but a potential global recession still looms.

Fortune

Education experts to Mamdani: Why are you foisting AI on our kids?

“If a local children’s hospital told parents, ‘We’ve got this new drug, it has potential, just trust us,’ people would be horrified.”

Fortune

This CEO pirated video games as a teen and became a hacker for the Air Force. Now he’s built a $3 billion cyber firm

Huntress CEO Kyle Hanslovan bootstrapped his way from online hacker forums to a $3 billion valuation—without an Ivy League degree.

Fortune

Trumpflation hits the World Cup: Fans face $80–$100 transit fares on top of $4,000-plus tickets

NJ Transit is modeling a 700% rail-fare surge to MetLife Stadium. Boston has already locked in 4x hikes. With $4,000 group-stage seats and $10,000 finals tickets, the World Cup's hidden costs are adding up fast.

Fortune

The Sam Altman attack is putting two anti-AI groups under scrutiny—but the story is more complicated

After an alleged attack on Sam Altman’s home, attention has turned to two similarly named anti-AI groups. Here’s how they differ, and why both are facing scrutiny.

Fortune

‘I am certain’: Harvard policy expert warns the true cost of the Iran war to U.S. taxpayers will exceed $1 trillion

Linda Bilmes, along with economist Joseph Stiglitz, previously calculated the true cost of the 2003 Iraq war was at least fourfold greater than initially projected.

Fortune

Over 296,000 happy users last year, 0 this year: How big tax prep crushed the IRS’s free filing tool

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