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The Latest Breaking News from Fortune

China Solves AI's Biggest Bottleneck – U.S. Faces Power Grid Crisis That Goldman Warns Could 'Severely Choke' Growth

Surging artificial intelligence demand faces a "critical bottleneck" according to Goldman Sachs, with the fragile U.S. power grid failing to keep up with monstrous industry growth. In fact, China may have already won the battle for electric power dominance after decades of infrastructure investment, unlike our politically divided country.

Benzinga

Figma is getting crushed in its post-IPO earnings debut; CEO Dylan Field is focused on AI’s long-term power to ‘raise the ceiling’

In an interview with Fortune, the cofounder and chief executive of the newly public Figma discussed the increasingly interconnected future of design and AI.

Fortune

McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals—and signals backing for a minimum wage increase

“Particularly with middle- and lower-income consumers, they’re feeling under a lot of pressure right now,” Chris Kempczinski said on CNBC.

Fortune

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One out of every 4 homes is at 'severe or extreme' climate risk, study says

Some $12.7 trillion of Americans' housing wealth is exposed to the climate change crisis.

Fortune

A Trump loss in his tariff court case could mean a $150 billion refund for American businesses. Here’s how they could get their money back

Previously imposed tariffs could be refunded, but not without some red tape.

Fortune

McDonald’s CEO says Trump’s no tax on tips creates ‘uneven playing field’ for its restaurants, which don’t get ‘customers to pay’ for labor

Chris Kempczinski raised concerns that restaurants paying tipped workers a lower minimum wage were getting an extra boost from the White House’s new provision.

Fortune

New Nestlé CEO joined the company straight out of college—like Mary Barra and Doug McMillon, he climbed all the way to the top at a single company

Philipp Navratil joins Fortune 500 leaders in proving that playing the long game up the same corporate ladder can pay off.

Fortune

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Meet the $100m AI startup that wants to kill the billable hour: 'Most legal departments have lost control of their budgets and their knowledge'

“We have been heads down the last few years," CEO Omar Haroun told Fortune. Now he’s onstage with a “priest” reading out last rites for Big Law billing.

Fortune

The canary in the coal mine is singing as global bond selloff raises national debt concerns

Global bond yields surge toward multi-decade highs as U.S., U.K., and French debt concerns mount, while gold hits a record $3,537 amid investor flight.

Fortune

Thrive Capital’s Philip Clark is promoted to partner

Philip Clark has been promoted to partner at Thrive Capital, Fortune has exclusively learned.

Fortune

Inside IKEA’s CEO succession plan: a lengthy listening tour and a handover that will take months

Also: All the news and watercooler chat from Fortune.

Fortune

Nestlé fired its scandal-clad CEO without a payout—a ‘really unusual’ move, corporate governance expert says

High-profile executives usually get a “golden parachute,” even after serious misconduct violations.

Fortune

Paris Hilton took out a mortgage on the $63 million mansion she bought from Mark Wahlberg. Here’s why that’s actually a smart financial decision

The reality star made a savvy move in financing her megamansion.

Fortune

As EV sales continue to plummet, Elon Musk says Optimus robots will make up 80% of Tesla’s value, despite production delays

Part four of Tesla’s “Master Plan” de-emphasizes its EV business, which is on pace for its second consecutive year of declining global sales.

Fortune

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Fortune

Microsoft CEO Satya Nadella reveals the 5 AI prompts he uses that can ‘supercharge your everyday workflow’

The leader of the $3.7 trillion tech giant reveals the top prompts he uses on GPT-5 to help maintain productivity with meetings, projects, and more.

Fortune

Salesforce CEO Marc Benioff says his company has cut 4,000 customer service jobs as AI steps in: ‘I need less heads’

Billionaire tech boss Marc Benioff isn’t the only one replacing customer service and sales roles with AI—Klarna and Microsoft have also slashed the departments.

Fortune

PayPal and General Catalyst lead $18 million investment in AI blockchain startup Kite

The startup wants to make it easier for users, for example, to buy products straight through ChatGPT or other chatbots.

Fortune

Ray Dalio believes America’s ‘debt-induced heart attack’ will happen under Trump 2.0—and no one’s brave enough to stop it

“I think that what is happening now politically and socially is analogous to what happened around the world in the 1930 to ’40 period,” he said.

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news in one place.

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Fortune

What the CEOs of Walmart, Best Buy, Home Depot, and others are saying about the nervous consumer

Also: All the news and watercooler chat from Fortune.

Fortune

Predoc raises $30 million to stop document chasing in healthcare

Predoc—which uses AI to automate medical records management—has raised $30 million in funding, Fortune has exclusively learned.

Fortune

CEOs really are putting a pause on hiring ‘first timers,’ career coach to the Fortune 500 warns—here’s how Gen Z grads can still land work

Million of Gen Zers are currently unemployed. But landing an entry-level job is about the get even harder, with CEOs freezing “first-timer” hires, a career coach to the Fortune 500 warns.

Fortune

This OpenAI engineer left her dream job and San Francisco home to move to Stockholm—all because of Trump 2.0

Ex-OpenAI researcher Miki Habryn left her dream job and U.S. home under Trump, joining a wave of Americans moving abroad amid political fears.

Fortune

How Accenture CEO Julie Sweet navigated a difficult restructure with her 770,000 employees—all without sending a memo

Sweet's unconventional approach offers a blueprint for leaders steering their companies through AI-driven change.

Fortune

How the midlife crisis was replaced by a decadelong rise in 'young worker despair' in the U.S.—and what it means for Gen Z

The midlife "hump" of despair used to be "one of the most important patterns in the world," says Dartmouth's David Blanchflower. But something else has taken its place.

Fortune

Trump quashes health concerns on Truth Social—‘never felt better in my life’—and tees up next battle with the Fed’s Lisa Cook

Trump pushes Judge Jia Cobb to recuse herself from his battle with Fed governor Lisa Cook, escalating tensions over the central bank’s independence.

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