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The Latest Breaking News from Fortune

The housing affordability crisis is so bad that the average American first-time homebuyer is 40 years old

As ResiClub editor Lance Lambert puts it, the first-time homebuyer in 2025 is just as close to taking Social Security as to graduating from high school.

Fortune

Starbucks apologizes for $29.95 'Bearista' chaos after many fans miss out and merch resells for up to $50,000 online

"The excitement for our merchandise exceeded even our biggest expectations," Starbucks said in a statement to Fortune.

Fortune

Netflix cofounder says he stopped work at 5 p.m. every Tuesday for 30 years to stay ‘sane,’ no matter the crisis: ‘Nothing got in the way of that’

For Marc Randolph, the cofounder of $467 billion entertainment giant Netflix, there was one rule about clocking out that kept him “sane” while working for three decades.

Fortune

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A $400 million lawsuit against UBS is designed to punish banks who throw employees to the wolves

Wrongly accused bankers are fighting back against the institutions that betrayed them, including Tom Hayes.

Fortune

Economists agree: You’re not crazy for feeling like the rich get richer, and the poor are doing worse. Welcome to the ‘K-shaped economy’

What was a niche argument about five years ago is suddenly everywhere you look, and it’s taking on the shape of a letter with two jagged edges.

Fortune

Top Economist Warns US Stock Valuations Are At 'Historically Extreme' Levels — Could Correction Happen Soon?

The latest warning about the potential bubble in the stock market comes from Apollo Global Management Inc.‘s chief economist, Torsten Sløk, who has reportedly raised concerns about high market valuations.

Benzinga

Stripe-backed startup Tempo leads $25 million raise for crypto infrastructure firm Commonware

This is the high-profile startup’s first venture investment since Tempo was founded this year.

Fortune

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Exclusive: Mercury, valued at $3.5 billion, clocks $650 million in 2025 annualized revenue

Mercury reaches $650 million in annualized revenue, jumping from $500 million at the end of 2024, the company exclusively told Fortune.

Fortune

Gen Alpha won’t ever have to write an email when they join the workforce, new research reveals—they’ll be sending voice notes to their boss instead

LSE researchers say Gen Alpha will talk, not type at work—they predict that voice notes will make keyboard practically obsolete by 2030.

Fortune

Elon Musk’s $1 trillion pay package was the result of a race to the bottom among states with weak corporate governance laws

Also: All the news and watercooler chat from Fortune.

Fortune

Department stores' new playbook: How Macy's, Dillard's, and Nordstrom are getting their groove back

Department stores have a new playbook to win back shoppers from discount stores and Amazon.

Fortune

The way to get middle managers to embrace AI? Invest in people, not technology, first

Feon Ang, LinkedIn’s APAC managing director, argues that leaders have to focus on the human side of the equation

Fortune

Hundreds of billionaires pledged to give away $600 billion to charity—but the Bill Gates and Warren Buffett era of philanthropy may be over

While a tax bill aimed to cripple liberal philanthropic foundations may upend billionaire giving, charitable vagabonds like MacKenzie Scott are already rewriting the norm.

Fortune

'October’s pace of job cutting was much higher than average': Definitive layoff report reveals 'DOGE impact' on labor market

Andy Challenger says “Those laid off now are finding it harder to quickly secure new roles, which could further loosen the labor market.”

Fortune

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Fortune

Why this company says the state of AI security is ‘grim’

AI adoption is skyrocketing—but so are the risks. Inside one startup’s warning that the state of AI security is, in their words, “grim.”

Fortune

Zohran Mamdani is New York’s first millennial Mayor—experts say the young leader will 'challenge the status quo' set by boomers before him

Higher minimum wage for young workers, remote working and a 4-day workweek could get a spotlight thanks to New York’s first millennial Mayor

Fortune

An apology to Gen Z, from the Harvard scholar behind ‘Bowling Alone’ book: 'You didn't cause the problem, we caused this problem'

Robert Putnam famously diagnosed America as "bowling alone" 25 years ago. Things have just gotten lonelier—and Trumpier—since.

Fortune

Meet Jared Isaacman, the billionaire tapped by Donald Trump and Elon Musk to usher in a new era of space travel—and he has strict rules about meetings

The secret to getting to Mars starts with slashing useless meetings that could’ve been an email, according to plans from the billionaire tapped to lead NASA.

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Fortune

Gen Z’s brains are ‘growing around their phones’ the way a tree warps around a tombstone, ‘Anxious Generation’ author warns

Speaking at a Dartmouth symposium on mental health, NYU professor Jonathan Haidt discussed his research on “the great rewiring.”

Fortune

Dating apps are doomed because Gen Z is locked in on meet-cutes, former Hinge content lead says: They want to vibe their way through meeting people

Podcaster Ilana Dunn reflects on how the dating world has changed.

Fortune

Microsoft, freed from its reliance on OpenAI, is now chasing ‘superintelligence’—and AI chief Mustafa Suleyman wants to ensure it serves humanity

Microsoft follows Meta in rebranding its advanced AI efforts as “superintelligence.” But Suleyman says Microsoft’s “humanist” approach means it will try to ensure superpowerful AI “doesn’t harm us.”

Fortune

Delta CEO Ed Bastian rejected a mentor’s advice on how to run the $38 billion airline

Delta CEO Ed Bastian says he reads through thousands of customer emails while flying in coach.

Fortune

The best way to test the 'Musk magic premium' may be to give Elon Musk everything he wants

Also: All the news and watercooler chat from Fortune.

Fortune

Novo Nordisk wants to keep its crown leading the weight-loss drugs pack. Despite outlook downgrades and lawsuits, its CFO has a plan

“The ultimate defense in our industry is in innovation,” Karsten Munk Knudsen told Fortune in an exclusive interview.

Fortune

WeRide’s CEO pitches robotaxis as a solution to aging populations and long commutes, as the firm raises more money for R&D with an HK IPO

CEO Tony Han talks about Chinese investors, self-driving cars as a social good, and why companies like Uber are turning to Chinese robotaxi partners.

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