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The Latest Breaking News from Fortune

Saks Global's near bankruptcy is the result of risky dealmaking—and a neglect of business basics

Also: All the news and watercooler chat from Fortune.

Fortune

AI layoffs are looking more and more like corporate fiction that's masking a darker reality, Oxford Economics suggests

"Firms don't appear to be replacing workers with AI on a significant scale," the firm said. It suspects some are trying to "dress up layoffs" as good news.

Fortune

Americans missed out on a 'once-in-a-lifetime' chance to buy a house—the 3 shifts it would take to make housing affordable are 'very unlikely'

“We see the housing market remaining relatively stuck without major progress being made on affordability,” home construction CEO says.

Fortune

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Trump’s Greenland takeover would require ‘billions upon billions’ spent over decades to acquire a mineral industry that doesn’t yet exist, experts say

As the White House confirms military force is "always an option," experts say the costs—financial, strategic, and geopolitical—will be staggering.

Fortune

Jensen Huang might be fine with a billionaires tax, but Google cofounder Larry Page is already dumping California

Page converted several of his assets out of California before the end of 2025, according to state filings.

Fortune

Top economist says latest jobs data shows a 'gut-wrenching’ labor market for the middle class

“We’re growing, but we can’t generate jobs,” KPMG chief economist Diane Swonk told Fortune. “Never seen anything like it.”

Fortune

Mamdani advisor under fire for resurfaced ‘white supremacy’ tweets but landlords are really upset about hearings ‘to shame and embarrass them’

Amir Korangy of The Real Deal told Fortune that Cea Weaver is “outranked by moderate Mamdani allies” and has no authority to seize buildings.

Fortune

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Staff at a major Swedish pharmacy chain are being paid to take time off with friends to combat loneliness—they can even text loved ones during the $100 ‘friendship hour’

Pharma chain Apotek Hjärtat is footing the bill for its employees to text their friends, go out to lunch, or catch up over a phone call. It could help combat the $154 billion workplace isolation issue.

Fortune

Student loan borrowers: The Education Department is garnishing wages for millions in default. Here is who is affected and how much they can take

Wage garnishment "is a scary concept since they can take 15% of after-tax income," Ashley Morgan, debt and bankruptcy attorney and owner of Ashley F. Morgan Law PC, told Fortune.

Fortune

Fireblocks acquires crypto accounting platform TRES Finance for $130 million

This is the crypto infrastructure firm’s second acquisition over the past year.

Fortune

25 is the new 30 when it comes to AI founders as Gen Z entrepreneurs lead the way on billion-dollar unicorn startups, top VC partner says

The average AI unicorn founder was 40 years old in 2020, but now they're younger than 30, according to global venture capital firm Antler.

Fortune

Fusion power nearly ready for prime time as Commonwealth builds first pilot for limitless, clean energy with AI help from Siemens, Nvidia

New construction milestones bring mythical fusion power closer to reality.

Fortune

What CEOs need to know about the new 'Donroe' doctrine

Also: All the news and watercooler chat from Fortune.

Fortune

Get ahead of the hiring nightmare in 2026: These are the interview questions execs are currently asking job seekers: “Design a car for a deaf person.”

Gen Z’s hiring nightmare is real. With fewer jobs and fiercer competition, employers are using curveball interview questions to separate candidates from the pack.

Fortune

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Fortune

Jamie Dimon rejects Jeff Bezos' playbook and hoards his JPMorgan shares—and he'll see $770 million in gains for 2025

Dimon has accumulated a lot of equity through his compensation plan, personal purchases, and via a 2021 special award.

Fortune

'We took our business community for granted,' San Francisco's new mayor admits to city's failings, but vows not to move fast and break things

"We said 'We can just keep punishing you... and you're going to stay.' Well that didn't happen. People fled."

Fortune

Robots are really advancing because they're learning to think for themselves—and they're close to figuring out door handles, execs say

"What has now changed," Skild AI CEO Deepak Pathak told Fortune, "is that these models or these robots can now can learn from data."

Fortune

Amazon is cutting checks to millions of customers as part of a $2.5 billion FTC settlement. Here's who qualifies and how to get paid

The $2.5 billion package ranks among the largest enforcement actions in the agency’s history.

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news in one place.

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Fortune

Want to get AI agents to work better? Improve how they retrieve data, Databricks says

Databricks is debuting a new system for retrieving the data that AI agents need to perform tasks accurately.

Fortune

'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges

Hiring skills over people is no longer en vogue as firms deprioritize DEI and cut down on recruiting costs.

Fortune

Mark Cuban on the $38 trillion national debt and the absurdity of U.S. healthcare: we wouldn't pay for potato chips like this

"Can you imagine if a Pringles distributor paid full retail to Pringles and then sold to grocery stores for full retail, and then the grocery stores had to wait for a rebate?"

Fortune

Americans are quietly abandoning the daily habit that billionaires, like Bill Gates, say set them up for success—and it could have lasting consequences

Billionaires swear by books—but two in five Americans didn’t read a single one last year. Experts warn its decline among Americans, especially Gen Z, could have lasting consequences.

Fortune

This CEO is trying to revive some of what made GE so special

Also: All the news and watercooler chat from Fortune.

Fortune

Elon Musk ex Ashley St. Clair says she's considering legal action after xAI produced fake sexualized images of her

Women who found explicit images of themselves online generated by the Grok AI chatbot say they feel violated and dehumanized.

Fortune

‘Big Short’ investor Michael Burry says toppling of Venezuela’s Maduro will weaken Russia’s global standing as its oil ‘just became less important’

Russia’s oil exports are its “lifeline” and largely fund its war on Ukraine, says one economist.

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