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The Latest Breaking News from Fortune

Iran is turning out to be a more effective enemy than many thought, and U.S. allies are losing their patience with the war

Everything you need to know before you get to the office today.

Fortune

New Target CEO Michael Fiddelke is putting candor at the core of his turnaround plan

Also: All the news and watercooler chat from Fortune.

Fortune

OpenAI investor Vinod Khosla, a vocal Trump critic, agrees with the president on AI and China: ‘We are in a techno-economic war’

“Whoever wins the AI race will win the economic race, and will win the race for economic power and influence globally,” Khosla tells Fortune.

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23,000 canceled flights and debris raining on Dubai hotels: The Iran war is jeopardizing the $12 trillion global travel industry

“This has destabilized travel on the six populated continents of the earth,” one aviation expert told Fortune.

Fortune

McDonald’s CEO’s viral burger taste test has a silver lining

McDonald’s CEO Chris Kempczinski’s taste test turned into a viral meme war that shows how risky the CEO-influencer model has become.

Fortune

Target’s new CEO lays out a $5 billion plan to revive ‘Tarzhay’

Michael Fiddelke, who took the top job Feb. 1, admits the retailer lost its way and promises a reset.

Fortune

This VC backed CrowdStrike and Anduril. His due diligence starts with your parents

Mark VC’s Adam Zeplain—who has backed Ring, Reddit, and Anduril—has garnered comparisons to legendary CEO coach Bill Campbell.

Fortune

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Anthropic’s investors could be the key to ending its Pentagon standoff—but some investors have opposite views

While the company has long positioned itself as the company to take AI safety seriously, not all investors are happy with the company’s fallout with the White House.

Fortune

Google’s AI chatbot convinced a man they were in love. It then allegedly told him to stage a ‘mass casualty attack’ in newly released lawsuit

In a statement to Fortune, a Google spokesperson said the company works in consultation with mental health professionals to ensure user safety.

Fortune

Silicon Valley legend Vinod Khosla has 'no plans to leave California' amid billionaire tax uproar—but he has another idea to fix the wealth loophole

Imagine a world where taxes just "go away" for everyone making less than $100,000 a year, Khosla told Fortune.

Fortune

Vanguard exec says Trump Accounts are a good idea, but don't bank on them for college

Joel Dickson, Vanguard’s global head of advised strategies, told Fortune he welcomes the advent of the Trump Account, with some clarifications.

Fortune

Warren Buffett's successor is all-in on the company: He will spend his entire after-tax salary of $15M buying Berkshire Hathaway stock

Berkshire is also resuming share buybacks, despite Buffett’s previous aversion.

Fortune

Trump touts tariffs as a budget fix. But the brutal truth is ‘they’re very weak’ and barely dent the $39 trillion national debt

An international tax policy expert told Fortune any form of tariff fails to “move the needle one way or the other.”

Fortune

'Usually everybody loves money': Trump's FDA chief to start giving bonuses for faster drug reviews

The FDA lost about 20% of its workforce after Trump took office last year. Now it wants to shrink approvals from as long as 29 months to as low as six.

Fortune

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Why women’s earnings plateau in their 30s while men’s just keep growing through their 40s: It's not just motherhood

She enters the workforce at a disadvantage. By the time she turns 35, it's something structural and the numbers make it impossible to look away.

Fortune

Asia faces an energy shock from the Iran war and a closed Strait of Hormuz, as governments halt exports and draw down stockpiles

Asian countries like China, Korea and Japan have tried to diversify their energy imports, yet they still depend on oil and gas from the Middle East.

Fortune

The Pentagon is committing $150M to a maritime-tech VC fund and appears to be ramping up venture deals

The Department of Defense, which has now backed more than 23 funds, hadn’t announced any new commitments over the past year.

Fortune

‘The ideal number of human employees inside of any company is zero’: Why AI gives company owners what they think they want

“The major transition here is they don’t want to be paying those humans,” Daniel Miessler said. “They actually never did.”

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news in one place.

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Fortune

The Iran war is giving rise to a centuries-old economic theory—and laying waste to the WTO-based world order

Also: All the news and watercooler chat from Fortune.

Fortune

Vinod Khosla thinks future presidential candidates should run on removing income tax for those making less than $100,000

The venture capitalist also wants to get rid of capital gains and treat all income as ordinary income to make up for the deficit.

Fortune

Why Leopold Aschenbrenner’s AI hedge fund is betting big on power companies and Bitcoin miners to fuel the AI boom

New filings show how the former OpenAI researcher is translating his AGI thesis into billions of dollars of bets on electricity, AI infrastructure, and Bitcoin mining companies.

Fortune

Exclusive: Venture giant a16z crypto targeting around $2 billion for its fifth fund amid blockchain market downturn, sources say

The Chris Dixon-led outfit is planning to close the fundraise in the first half of 2026.

Fortune

This 'retirement nerd' at the uber-liberal New School teamed with Trump’s economy guru to reinvent the 401(k)

Teresa Ghilarducci told Fortune that Trump is a “quirky, bold leader," but admits that if she was younger, she'd have "ideological, righteous concerns."

Fortune

Trump’s $175 billion illegal tariff revenue is now accruing interest, and refund delays could be costing American taxpayers $700 million a month

“Consumers will be the biggest losers here,” a Cato Institute economist told Fortune.

Fortune

The average American teacher makes $72,000, but one in three are so broke they’re taking on side hustles like Uber driving

Teaching is seen as an AI-proof career by Gen Z—but with the American Dream becoming more out of reach, educators have turned to second jobs to make ends meet.

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