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The Latest Breaking News from Fortune

Sam Altman admits AI is killing the labor-capital balance—and says nobody knows what to do about it

The OpenAI CEO tackled AI’s growing PR crisis and said there's truth to the layoff fears. A "painful adjustment" for the labor market lies ahead.

Fortune

a16z exec Steven Sinofsky had murky dealings with Jeffrey Epstein in his previous life working for Microsoft

New DOJ documents show the former Microsoft Windows chief brought Epstein into negotiations over his 2012 exit package.

Fortune

Oil went over $100 again after the U.S. admitted it cannot control the Strait of Hormuz

Oil is trading like a meme stock, some analysts say.

Fortune

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A U.K.-based sustainability initiative is drawing U.S. CEOs like BoA's Brian Moynihan: 'We've got to make this happen the right way'

Also: All the news and watercooler chat from Fortune.

Fortune

$683 billion in unpaid labor: How companies like Amazon, AARP, and Levi's are easing the caregiving burden on women

A growing number of employers are offering paid leave, backup care, and emergency reimbursements—but experts say it's still not enough.

Fortune

Exclusive: Oro Labs, which is using AI to streamline companies' procurement processes, raises $100 million in fresh venture capital funding

Goldman Sachs Equity Growth and Brighton Park Capital lead the funding round for the company, which says it can reduce procurement process times from weeks to days or hours

Fortune

'Proceed with caution': Elon Musk offers warning after Amazon reportedly had mandatory meeting to address 'high blast radius' and AI-related incidents

“Folks, as you likely know, the availability of the site and related infrastructure has not been good recently,” Dave Treadwell, an Amazon senior vice president reportedly wrote in an email.

Fortune

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The fog of war is coming from inside the White House—and it cost oil markets $84 million in ten minutes

Meanwhile, the market shrugs at news of a record emergency release of oil.

Fortune

MacKenzie Scott gave away more than $7 billion last year—but her secretive style got her snubbed from a top donors list

“MacKenzie Scott is among the notable absences on the Philanthropy 50 list,” the Chronicle of Philanthropy said.

Fortune

Exclusive: AI startup Axiamatic raises $54 million to help companies push their digital transformations forward

The Greylock and Bessemer-backed startup has just emerged from stealth under the leadership of three-time founder Rajiv Gupta and Kaushik Narayan.

Fortune

Iran’s new supreme leader is injured but reportedly ‘safe' as traders sour on war exit strategy

Sentiment sours on war exit strategy.

Fortune

Fortune to host Fortune 500 Innovation Forum in Detroit in November

Also: All the news and watercooler chat from Fortune.

Fortune

Beijing's dominance in rare earth processing leaves others scrambling to close the gap: 'China is the leader, and the U.S. is far behind'

China accounts for roughly 70% of global rare earth production, but it is the country’s dominance in processing that gives Beijing real leverage.

Fortune

LIV Golf CEO Scott O’Neil on how stuck golfers got out of a besieged Gulf: ‘Precise planning, excellent resources and tremendous leadership’

Several golfers were stuck in the Middle East due to the Iran war; Jon Rahm’s private jet helped get them to Hong Kong.

Fortune

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news in one place.

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Retirees wait for the day they can sell their homes and cash in—but there's a secret Medicare 'trap' that could stop them in their tracks

Selling your home near retirement age can trigger a Medicare premium surcharge that costs thousands a year—and most retirees don't find out until the bill arrives.

Fortune

Washington state wants to keep employers from microchipping workers, before anyone even gets the idea

No employer in Washington state will be able to require workers to get microchipped—if the governor signs a sweeping new bill that's already passed with near-unanimous support.

Fortune

Trump’s immigration crackdown is backfiring by hurting the U.S.-born workers it was meant to help, data shows

Over the past year, following a $170 billion infusion in immigration enforcement, U.S.-born labor participation fell from 61.4% to 61%, federal data shows.

Fortune

How Jeffrey Epstein pulled Bill Gates and Microsoft into a web of sex, money, and secrets

How a convicted sex offender became a seven-figure negotiator for Microsoft’s No. 2 executive is the story of how Epstein got into the inner circle of Gates.

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news in one place.

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Fortune

The AI productivity paradox: More work, not less

AI is making workers dramatically more efficient. But companies are simply piling on more work. Here's what's actually happening behind the scenes.

Fortune

Gen Z is defiantly 'giving up' on ever owning a home and is spending more than saving, working less, and making risky investments, study shows

Researchers call it "financial nihilism." Here's what it looks like in practice.

Fortune

Trump says Iran war is 'very complete, pretty much' sparking global stock rally

But also, "we’re going to go further."

Fortune

AI isn’t killing jobs yet, but CEOs are using layoffs to fund a $2.5 trillion arms race

Also: All the news and watercooler chat from Fortune.

Fortune

How Walmart CEO John Furner is using his father’s lessons—and AI—to steer a $1 trillion giant

John Furner recently took the reins of Walmart, and now leads a $1 trillion retail giant. But it’s the early-life lessons from his dad that helped shape his leadership today.

Fortune

The worst housing market in years couldn't stop single women from owning a record-breaking number of homes

Despite a brutal housing market, single women are outpacing single men nearly two to one and making bigger financial sacrifices than ever to get there.

Fortune

He lost $20k on crypto and still lives at home with his mum—meet the millennial behind the UK's biggest teeth whitening brand on TikTok Shop

Whites Beaconsfield founder turned a $400 side hustle into a multimillion dollar brand with just $13 Facebook ads. But he still lives at home with his mum, and his ultimate treat is a kebab on the sofa.

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