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The Latest Breaking News from Fortune

He left Andreessen Horowitz to help Trump downsize the government. Can Scott Kupor eliminate nearly 300,000 federal jobs without the DOGE chaos?

The former managing partner of venture capital giant Andreessen Horowitz, weighs in on running OPM, federal layoffs, and AI.

Fortune

Mark Zuckerberg blames bad Wi-Fi after the live demo of his new $800 smart glasses goes horribly wrong

Critics are raving about Meta's new wearables. But Zuckerberg’s live demo of the $799 Ray-Ban Display was a pretty big flop.

Fortune

First Kimmel, then Fallon and Meyers? A veteran TV scholar says late night can’t survive politics anymore — and today’s hosts must ‘tread carefully’

“We may be coming full circle," Robert Thompson of Syracuse University told Fortune, "back to a Carson-style, harmless late night—with NBC the last one standing.”

Fortune

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Ramp CEO calls advisors like OpenAI's Fidji Simo and Microsoft's Satya Nadella for advice

Eric Glyman’s six-year-old startup just notched $1 billion in annualized revenue.

Fortune

$34 billion was wiped from Larry Ellison’s net worth days after briefly becoming the world’s richest as ‘AI bubble’ fears grow

Larry Ellison briefly knocked Tesla CEO Elon Musk from the top spot last week, but he’s lost billions in the one week since.

Fortune

The 10 best countries to retire right now—and America didn’t make the cut

As retiring in America becomes increasingly unaffordable, retirees are booking a one-way trip to Portugal instead.

Fortune

Deliveroo CEO Will Shu turned 100-hour Wall Street weeks into a $4 billion food empire. Now he’s walking away with $250 million

From midnight cravings to millionaire: Deliveroo’s Will Shu is cashing out with $250 million after a $4 billion DoorDash deal.

Fortune

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How Workday CEO Carl Eschenbach is pushing employees to get over their fear of AI

Also: All the news and watercooler chat from Fortune.

Fortune

For one man, the war against Cracker Barrel never really ended

Sardar Biglari’s 14-year beef with Cracker Barrel has earned him $1 billion—yet the company continues to resist him

Fortune

The average American homeowner lost $9,200 in home equity during the last year. It’s not a collapse but a 'long-term market correction'

Borrower equity is the third-highest ever recorded, but Leo Pond from Four Seasons Sotheby’s told Fortune that a fast climb uphill has turned into a plateau.

Fortune

Kraken's co-CEO says he once threw away Bitcoin: ’It was worth maybe $300 million to $400 million today’

Kraken co-CEO Arjun Sethi says he threw away the Bitcoin gifted to him in 2009.

Fortune

CEO says his son is among Gen Zers questioning whether a college degree is worth it: ‘Is this education a scam?’

Employees working are working with AI more than ever, education could set them apart, experts say.

Fortune

Openness to foreign talent could help non-U.S. tech hubs in Europe and Asia: ‘Wherever is more open still has a chance to win the next cycle’

“Silicon Valley will remain very pro-immigrant,” Notable Capital managing partner Hans Tung said at Fortune Brainstorm Tech last week.

Fortune

Bill and Melinda French Gates gave their Gen Z daughter this piece of business advice before she launched her own $8 million startup

Before launching her $8 million startup, Phoebe Gates turned to her billionaire founder parents for advice. After all, when your dad is the cofounder of Microsoft, he might know a thing or two about building a business.

Fortune

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Gen Z grad sent out over 1,000 job applications—when he didn't hear anything back, he carried a sign around Wall Street begging for a job instead

When applying to jobs didn’t work out, 25-year-old Sam Rabinowitz spent $136 of his last $700 on a custom poster and stood outside of the New York Stock Exchange begging for work.

Fortune

Tim Cook says Apple’s $600 billion factory build out will create a 'domino effect.' But the tech giant still isn’t building iPhones in America

A manufacturer labor shortage and an “impossible-to-replicate” supply chain will keep the tech giant dependent on Asia factories, experts tell Fortune.

Fortune

The economy's prospects are reliant on the 'fortunes of the well-to-do' says Moody's, if the ultra-rich get nervy that means recession

Mark Zandi says of the rich: "If they turn more cautious, for whatever reason, the economy has a big problem."

Fortune

Just like Bill Gates, this Samsung exec retreats to a remote cabin every year to escape the chaos

The $268 billion Samsung executive tells Fortune how she spends her time and money outside of work, including a piece of art inspired by Queen Elizabeth II.

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Fortune

Drama at the Fed has CEOs worrying about the health of its reputation

Also: All the news and watercooler chat from Fortune.

Fortune

Tesla board blocks shareholder vote that could have banned political speech by CEO Elon Musk

The SEC has sided with Tesla’s board in a dispute over a shareholder proposal seeking political neutrality among Tesla executives and board members.

Fortune

Suspect in Coinbase hack kept data for more than 10,000 customers on her phone, court filing alleges

The lawsuit also said that a Coinbase outsourcer fired human resources employees who were investigating the data breach.

Fortune

You've heard that gold is hitting record highs. Not quite, BofA says

You've heard that gold is hitting record highs. Not quite, Bank of America's Commodities team says.

Fortune

Anthropic data confirms Gen Z’s worst fears about AI: Businesses are leaning into automation, a massive threat to entry-level jobs

Dario Amodei, the CEO of the AI startup, said earlier this year that AI could wipe out nearly 50% of entry-level white-collar jobs. New data could back up his claim.

Fortune

A 30-year-old Walmart worker falsely accused of celebrating Charlie Kirk's death was suspended from his job. Now he fears for his family's safety

"They knew where I lived": After a fake X account impersonated him, Ali Nasrati says he became the target of threats, harassment, and a suspension he still hasn’t been able to fight.

Fortune

Under Armour's CEO says micromanagement is 'totally underestimated' in business: 'There's too much lost on pretense'

Kevin Plank believes in an 80-20 management rule.

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