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The Latest Breaking News from Fortune

Elon Musk’s $1 trillion pay package was the result of a race to the bottom among states with weak corporate governance laws

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Department stores' new playbook: How Macy's, Dillard's, and Nordstrom are getting their groove back

Department stores have a new playbook to win back shoppers from discount stores and Amazon.

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The way to get middle managers to embrace AI? Invest in people, not technology, first

Feon Ang, LinkedIn’s APAC managing director, argues that leaders have to focus on the human side of the equation

Fortune

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Hundreds of billionaires pledged to give away $600 billion to charity—but the Bill Gates and Warren Buffett era of philanthropy may be over

While a tax bill aimed to cripple liberal philanthropic foundations may upend billionaire giving, charitable vagabonds like MacKenzie Scott are already rewriting the norm.

Fortune

'October’s pace of job cutting was much higher than average': Definitive layoff report reveals 'DOGE impact' on labor market

Andy Challenger says “Those laid off now are finding it harder to quickly secure new roles, which could further loosen the labor market.”

Fortune

Why this company says the state of AI security is ‘grim’

AI adoption is skyrocketing—but so are the risks. Inside one startup’s warning that the state of AI security is, in their words, “grim.”

Fortune

Zohran Mamdani is New York’s first millennial Mayor—experts say the young leader will 'challenge the status quo' set by boomers before him

Higher minimum wage for young workers, remote working and a 4-day workweek could get a spotlight thanks to New York’s first millennial Mayor

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An apology to Gen Z, from the Harvard scholar behind ‘Bowling Alone’ book: 'You didn't cause the problem, we caused this problem'

Robert Putnam famously diagnosed America as "bowling alone" 25 years ago. Things have just gotten lonelier—and Trumpier—since.

Fortune

Meet Jared Isaacman, the billionaire tapped by Donald Trump and Elon Musk to usher in a new era of space travel—and he has strict rules about meetings

The secret to getting to Mars starts with slashing useless meetings that could’ve been an email, according to plans from the billionaire tapped to lead NASA.

Fortune

Gen Z’s brains are ‘growing around their phones’ the way a tree warps around a tombstone, ‘Anxious Generation’ author warns

Speaking at a Dartmouth symposium on mental health, NYU professor Jonathan Haidt discussed his research on “the great rewiring.”

Fortune

Dating apps are doomed because Gen Z is locked in on meet-cutes, former Hinge content lead says: They want to vibe their way through meeting people

Podcaster Ilana Dunn reflects on how the dating world has changed.

Fortune

Microsoft, freed from its reliance on OpenAI, is now chasing ‘superintelligence’—and AI chief Mustafa Suleyman wants to ensure it serves humanity

Microsoft follows Meta in rebranding its advanced AI efforts as “superintelligence.” But Suleyman says Microsoft’s “humanist” approach means it will try to ensure superpowerful AI “doesn’t harm us.”

Fortune

Delta CEO Ed Bastian rejected a mentor’s advice on how to run the $38 billion airline

Delta CEO Ed Bastian says he reads through thousands of customer emails while flying in coach.

Fortune

The best way to test the 'Musk magic premium' may be to give Elon Musk everything he wants

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Novo Nordisk wants to keep its crown leading the weight-loss drugs pack. Despite outlook downgrades and lawsuits, its CFO has a plan

“The ultimate defense in our industry is in innovation,” Karsten Munk Knudsen told Fortune in an exclusive interview.

Fortune

WeRide’s CEO pitches robotaxis as a solution to aging populations and long commutes, as the firm raises more money for R&D with an HK IPO

CEO Tony Han talks about Chinese investors, self-driving cars as a social good, and why companies like Uber are turning to Chinese robotaxi partners.

Fortune

Ulta Beauty CEO Kecia Steelman says she has the best job ever: 'My job is to help make people feel really good about themselves'

"I could think of a lot worse jobs out there than that," Steelman told Fortune.

Fortune

IBM's CEO admits Gen Z's hiring nightmare is real—but after promising to hire more grads, he’s laying off thousands of workers

IBM’s CEO Arvind Krishna promised Gen Z he would hire more college grads and be the “opposite” of companies like Amazon laying off workers. Days later, he's giving thousands the pink slip.

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Fortune

OpenAI’s new AI safety tools could give a false sense of security

OpenAI has open-sourced two AI safety classifiers that let enterprises more easily set their own guardrails. Experts say the move could improve transparency but also create new risks.

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

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.

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