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The Latest Breaking News from 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

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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

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

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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.

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

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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.

International Business Times UK

Neuralink Patient Met Musk Via FaceTime After Surgery — Says Billionaire Was Chill and 'Cool as Hell'

Noland Arbaugh, paralysed since a 2016 accident, received a Neuralink brain implant in January 2024. The device allows him to control a computer cursor with his thoughts, transforming his life.

Fortune

Google releases AI payments protocol that includes support for stablecoins, partners include Coinbase and Salesforce

Big Tech companies believe payments between different AI apps are the newest frontier in fintech.

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Fortune

Exclusive: Modern Animal, veterinary clinic network, raises $46 million Series D

Recently, Modern Animal raised $46 million in Series D funding, the company exclusively told Fortune.

Fortune

The first person to get a Neuralink chip in his brain says he met Elon Musk on the day of his surgery: 'He's a cool dude'

The 31-year-old Neuralink brain-computer interface recipient says he and Musk later discussed SpaceX and had an "alien talk."

Fortune

What CEOs think about the SEC ‘prioritizing’ Trump’s plan to end quarterly reporting for public companies

Also: All the news and watercooler chat from Fortune.

Fortune

Once richer than Peter Thiel, Pop Mart’s Wang Ning sees $6 billion vanish with Labubu hype

Once celebrities start posing with a toy, Gen-Z tunes out. What was scarce and cool suddenly feels commercial and inauthentic.

Fortune

Trump wants to end a half-century-old mandate on how companies report earnings

The president revives an age-old debate among business leaders and his own first-term petition to the SEC to look into changing disclosure requirements.

Fortune

Top analyst who once feared 'the end of capitalism' rips French and British boomers for sabotaging Gen Z futures

"Inter-generational tension is not just because boomers have got rich from QE driving asset prices higher, especially housing," Albert Edwards wrote on LinkedIn.

Fortune

Exclusive: Stripe’s head of crypto departs to join Polygon Labs as chief product officer

John Egan played a key role in the development of Stripe’s crypto strategy, including both its acquisition of the stablecoin company Bridge and the crypto wallet developer Privy.

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