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The Latest Breaking News from 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

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Fortune to host Fortune 500 Innovation Forum in Detroit in November

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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

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

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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.

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

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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.

Fortune

CEOs are using one number in the AI age to decide how many people they still need

A new survey of 100 major CEOs finds AI’s returns are still murky, but the executives quietly recalculating their headcount are looking closely at one metric in particular.

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Fortune

Nobel laureate Joseph Stiglitz warns AI’s hunger for internet comments could degrade the world’s ‘information ecosystem’

AI will produce “garbage” that will fight with information from traditional media sources, and prediction markets are not safe from this “information ecosystem” deterioration.

Fortune

AI layoffs are coming. The problem may be compounded because nearly 75% of people don't apply for unemployment benefits

Many don’t apply because they don’t believe they will be eligible for benefits.

Fortune

Iranian drone attacks on Amazon’s Gulf data centers a harbinger of new tactics in future conflicts, experts say

The attacks were believed to be the first time data centers had been attacked with drones. It likely won’t be the last, experts say.

Fortune

Anthropic sues the Pentagon after being labeled a threat to national security

The lawsuit calls the administration’s actions “unprecedented and unlawful.”

Fortune

Billionaires Elon Musk and Mark Zuckerberg used mortgages to buy multimillion-dollar mansions. Here’s why that’s a savvy financial decision

Even the world’s richest people borrow money to buy homes. Financial experts say mortgages can actually be a strategic wealth move for the ultrarich.

Fortune

The 'Singapore-washing' strategy starts to unwind as both China and the U.S. closely scrutinize corporate roots

“Singapore-washing is only credible and effective for companies which fully cut off their operational ties to China," one expert said.

Fortune

Oil over $100, markets in freefall, and Iran's new Supreme Leader is Trump's 'worst case' scenario

Finance ministers from the G7 are set to meet at 8:30 a.m. New York time to discuss releasing reserves held by the International Energy Agency.

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