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The Latest Breaking News from Fortune

World Economic Forum founder Klaus Schwab and his wife cashed in on Davos with over $1 million in questionable travel expenses, investigation finds

Schwab started the WEF, which transformed Davos into a hub of networking and diplomacy, in 1971.

Fortune

The CEO of Southeast Asia’s largest bank knows even her job is at risk from AI

“If I can be replaced by AI, so can everything else!”

Fortune

Millennials are officially the majority of managers—so get ready for a combination of burnout, buddy vibes, and boundary issues

Emotional intelligence is an expectation of managers now, said Daniel Zhao of Glassdoor, and millennial managers are “stuck between a rock and a hard place.”

Fortune

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The CEO of this $2.4 billion wellness app ditched Harvard Business School and a McKinsey career to bring calm and exercise to corporate America

Cesar Carvalho, cofounder and CEO of corporate wellness platform Wellhub, flies planes in his free time and doesn’t believe in work-life balance.

Fortune

Elon Musk's Tesla Diner is a next step in the beleaguered EV-maker's plan to create an 'all-encompassing brand,' analyst Dan Ives says

The CEO is already eyeing expansion for his Tesla Diner dishing merchandise and food served by Optimus robots.

Fortune

Halo Sports & Entertainment CEO Gillian Zucker spends her days figuring out how to 'make people's jaws drop'

"Our goal every single day, is to just be better than we were the day before," Zucker told Fortune.

Fortune

Multimillionaire ‘The Office’ star still worked part-time at a theater box office and drove a Honda while filming season two of the sitcom

Angela Kinsey may be a millionaire today, but the actress worked two jobs during the early years of “The Office” and drove a Honda to work.

Fortune

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OpenAI’s international managing director explains how the ChatGPT developer thinks about AI and search

AI agents are what’s driving OpenAI’s interest in search, noted managing director for international Oliver Jay at Fortune Brainstorm AI Singapore.

Fortune

Buyers wield more power in housing market, especially in Sun Belt, with contract cancellations on the rise

In June 2025, nearly 15% of pending home sales fell through, per Redfin, but don't call it a buyers' market yet. Home prices are still at record highs.

Fortune

'We must do better': Fortune 100 firm Humana slashes preapproval mandates in health insurance reform push

Prior authorization is a process health insurers use to determine whether they will cover a prescription, medical procedure, or service.

Fortune

Fortune 500 retailer Kohl’s gets meme stock treatment as shares double before falling back to earth

Kohl’s was still up 38% in single-day trading not driven by underlying fundamentals. In fact, it fired its third CEO in three years just two months ago.

Fortune

With China now an adversary, this early Google investor wants the U.S. to bet on India instead

Also: All the news and watercooler chat from Fortune.

Fortune

General Motors' EV sales rose 111%, reflecting an industry-wide to push to beat Trump's tax credit deadline

Despite a decrease in overall sales for the year, EVs are shining bright in the lead-up to September’s consumer credit deadline.

Fortune

As America’s return to office war wages on, London is declared the hybrid capital of the world—where nearly 50% of jobs are still remote

While U.S. bosses drag workers back to their desks—even monitoring badge swipes to do it—Londoners are quietly winning the work-life balance war.

Fortune

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Fortune

Tariffs are beginning to look like the ‘dog that didn’t bark’ to Wall Street, with inflation expected to take a one-time hit and Trump unlikely to enforce letter threats

As markets shrug off the Aug. 1 deadline, analysts warn that investor calm could embolden the White House to follow through—especially if economic data remains strong.

Fortune

Exclusive: Mark Cuban says AI will be a baseline skill like email or Excel in 5 years and entrepreneurs should embrace it or get left behind

The billionaire investor told Fortune new AI assistants available to entrepreneurs will help turn “solo founders into full teams.”

Fortune

Climate fintech Eventual raises $7.5 million seed round from AlleyCorp and Upfront Ventures

Eventual’s AI model predicts how insurance prices will evolve for any given U.S. property as far ahead as five years in the future.

Fortune

Cheaper AI like China’s DeepSeek are 'very welcome,' says Singapore's digital minister Josephine Teo

AI that’s been trained on English, and not one of Southeast Asia’s hundreds of different languages, “will perhaps not meet the requirements of Singapore."

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Benzinga

Poppi Founder Allison Ellsworth on Selling Her $500 Million Brand: 'You're Happy But You Have Anxiety'

"You’re happy but you have anxiety," said Allison Ellsworth, reflecting with Fortune on PepsiCo's $1.95 billion acquisition of the neon-canned prebiotic soda she once brewed at home. The comment summed up her mixed emotions about selling the brand.

Fortune

Gen Z men with college degrees now have the same unemployment rate as non-grads—a sign that the higher education payoff is dead

Gen Z is increasingly slamming their degrees as useless, and new research indicates there may be some truth when it comes to the job hunt.

Benzinga

Justice Department Drops Case Against Kraken Founder Jesse Powell

Federal prosecutors have officially ended their investigation into Kraken founder Jesse Powell, nearly two years after FBI agents raided his home in a high-profile case unrelated to his crypto business.

Fortune

A quarter of young Boomers and Gen Xers who’ve been laid off in the last decade are still unemployed—and 11% have taken pay cuts to work

Just as financial pressure peaks, many Gen Xers are finding themselves overlooked, underpaid, and edged out.

Fortune

He won a victory for Tesla’s European owners—now one Elon Musk fan is pushing for FSD to finally come to his native Sweden

Tesla owner Alexander Kristensen has is mounting an unofficial campaign to bring Tesla's supervised self-driving technology to the streets of Stockholm, arguing it's a greater safety risk not to trial the feature.

Fortune

A void of infrastructure in Trump's 'Big, Beautiful Bill' may result in a customer service nightmare, warns Washington insiders

New Medicaid rules will require 18.5 million people to prove they meet the requirements every year—and that portends a bureaucratic nightmare.

Fortune

Coca-Cola will launch Trump-backed cane sugar soda: 'He is a big supporter of the option'

Coca-Cola CFO John Murphy told Fortune the cane sugar variant "has been in our pipeline for some time."

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