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The Latest Breaking News from Fortune

Starbucks is laying off over 1,000 workers and axing over a dozen menu items—including frappuccinos that baristas are sick and tired of making

“We have to clear the noise out both in food and beverage menus,” Starbucks CEO Brian Niccol told Fortune.

Fortune

Levi Strauss CEO Michelle Gass eyes women's clothes

Women account for 36% of Levi's sales—Gass wants them to make up 50%.

Fortune

A new lawsuit against Meta shows the pitfalls of women in tech and Zuckerberg's demand for 'masculine energy'

A former Meta employee is suing the company for continuously promoting a toxic culture of silencing women.

Fortune

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DBS, Southeast Asia's largest bank, is cutting 4,000 temp roles due to AI: 'For the first time, I’m struggling to create jobs'

DBS is the first of Singapore’s Big Three banks to suggest how AI might affect its headcount.

Fortune

Exclusive: Metronome, usage-based billing startup, raises $50 million Series C

Metronome has raised a $50 million Series C, led by NEA, Fortune can exclusively report.

Fortune

A veteran of the only successful government reduction effort in 30 years has a warning for Elon Musk: ‘All hell is going to break loose’

Clinton’s ‘reinventing government’ effort cut 400,000 federal workers and made bureaucracy more efficient—by doing the opposite of DOGE.

Fortune

Apple's $500 Billion Investment Is 'Unrealistic' According To Analysts: Here's Why It 'Lacks Substance'

Apple's $500 billion US investment plan faces scepticism. Analysts question its feasibility, citing cash flow concerns and past similar pledges.

International Business Times UK

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Elon Musk's directive to federal workers to explain their productivity or get the ax could take them 165,000 hours of their workdays to complete

The time needed for all federal workers to reply to Musk's email could cost the government about $8.5 million in wages.

Fortune

Why Black and Decker is trying to remove the ‘Stanley’ from the iconic mugs

Stanley Black and Decker said it wants to protect its brand and reputation after PMI — which makes Stanley cups — was forced to recall 2.6 million cups due to faulty lids that led to burns

The Independent UK

Trump takes a victory lap on Apple's $500 billion U.S. investment, but one analyst calls it 'completely unrealistic'

Another analyst said, “Cook continues to prove that he is 10% politician and 90% CEO,” referring to the Apple chief executive.

Fortune

TV journalist Kendis Gibson says he secretly battled depression before psychedelics saved his life

Now he's opening up about his mental health journey—specifically, about the powerful role played by psychedelics—in a new memoir.

Fortune

xAI is blaming a former OpenAI employee after Grok briefly censored responses about Elon Musk and Donald Trump

xAI is blaming a former OpenAI employee after Grok briefly censored responses about Elon Musk and Donald Trump.

Fortune

Want to buy a fixer-upper? New study suggests house flippers should look at these 10 states

Cinch Home Services analyzed Zillow listings to see which states had the most with certain terms indicator fixer-upper homes.

Fortune

Trump tariffs won’t just make imports pricier — car insurance costs will go up too

A tariff on autos would drive up already-inflated insurance costs.

Fortune

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Fortune

America’s foremost DEI shareholder activist warns that anti-diversity groups are forcing companies to underperform

Removing obstacles to women and people of color creates a true meritocracy, and shareholders know that’s good for business, says Andy Behar, CEO of As You Sow.

Fortune

Donald Trump’s decision to cut down the federal workforce could lead to an economic disaster in some parts of the country

Brace for impact.

Fortune

Five major airlines are suing the U.S. government over a rule that punished them for damaging passengers' wheelchairs

More than 11,500 wheelchairs and scooters were mishandled by airlines in 2023, according to the Department of Transportation.

Fortune

Meta approves bonuses of up to 200% of executives' salaries as war for tech talent rages

Meta has approved a plan that could see company executives earning bonuses of up to 200% of their salaries.

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Fortune

DOGE shut the funding spigot for medical research overnight. Scientists are calling it 'the end of science' in America

Scientists warn the private medical sector won’t see a boost after DOGE cuts public research funding and emphasizes an ‘imminent’ brain drain of scientists to China.

Fortune

Delta is offering $30,000 with 'no strings attached' to passengers on the Toronto flight that crash-landed. Legal experts say they should read the fine print

Passengers should search for words like “release,” “waiver,” and “arbitration,” among others.

Fortune

Entergy's stock is surging after a $10 billion Meta deal — the CEO says mega AI data centers are changing the utility business

As AI fuels a boom in mega data centers, Entergy is cashing in—securing Meta and AWS as customers, building billions in new power plants, and igniting a high-stakes battle over who will foot the bill.

Fortune

While Wall Street pushes 5-day RTO, fintech Revolut is doubling down on hybrid work

According to a memo from CEO Nik Storonsky that was viewed by Fortune, Revolut is allowing its 10,000 employees a continued flexible schedule.

Fortune

Trump directly contradicts White House over who really runs DOGE, saying he 'put a man named Elon Musk in charge'

In court, the administration says Musk isn’t in charge. Donald Trump just said the opposite.

Fortune

Actress Halle Berry is ready for her ‘second act,’ as she becomes a major player in the $17 billion menopause care market

Actress Halle Berry is ready for her "second act," as she becomes a major player in the $17 billion menopause care market.

Fortune

Microsoft's quantum computing breakthrough questioned by experts

Leading theoretical physicist, John Preskill, said Microsoft had yet to release any performance data to back up its claim.

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