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The Latest Breaking News from Fortune

Banks are sitting on $500 billion in unrealized losses, and stagflation could cause another Silicon Valley Bank-like crisis

As long as interest rates remain elevated, lenders could be at risk if depositors get spooked.

Fortune

Why Mastercard CEO Michael Miebach believes the future of payments is in the hands of consumers

"People want simplicity. They also want safety," Miebach told Fortune.

Fortune

Tesla chair Robyn Denholm’s $180 million stock sales come under scrutiny

Robyn Denholm has earned five times as much as UnitedHealth Group's Stephen Hemsley, the next non-executive chair most prone to liquidating stock.

Fortune

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The new CEO of IMDb shares what she learned from stints at Amazon and Microsoft: 'You have to always prove yourself'

"Hard work has really been part of how I just am."

Fortune

The U.S.-China detente could ‘save Christmas,’ but expect ‘a rush of ordering the likes we’ve never seen before,’ economist says

Importers traumatized by the empty shelves during COVID lockdowns are pulling out all the stops to stock up ahead of the holiday shopping season.

Fortune

Forget coffee, $1.4 billion tech company chief says he naps instead: ‘I can take them just about anywhere’

“I’m Mormon, so I grew up without coffee,” David Blake, the founder and co-CEO of Degreed says. Take a peek into his life outside of work.

Fortune

Chinese companies are secretly powering North Korea’s global IT workers scheme

A host of Chinese front companies could be helping North Korean IT workers infiltrate U.S. businesses, a report reveals.

Fortune

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Pope Leo XIV may face a six-figure tax bill for his $33,000-a-month paycheck

Filing a tax return is obligatory for all U.S. citizens, no matter where they live.

Fortune

Sotheby's teased a rare Rolex at auction for upwards of $1.7 million—and one day a rich Gen Zer could be its next owner

A diamond-encrusted platinum Rolex Daytona could one day be snatched by a rich Gen Z as the young generation looks for non-traditional ways to invest.

Fortune

Norway Wealth Fund is freezing hiring to focus on AI use, despite research showing AI projects seldom offer a return in investment

CEO Nicolai Tangen told Fortune the task of monitoring the risks of its 9,000 investments now takes minutes thanks to its AI.

Fortune

7 key takeaways from Fortune's AI conference in London

Regulation is not the enemy of innovation was among the many insights from the two-day conference.

Fortune

NBCU unveils new content slate and gears up for 100th anniversary

NBCU highlighted its "franchise-first" focus at its Upfront presentation.

Fortune

Exclusive: Two decades in, DFJ Growth raises $1.2 billion for its fifth fund and doubles down on the long game

DFJ Growth—backers of Coinbase, Twitter, and Ring—raised $1.2 billion for its fifth fund, Fortune can exclusively report.

Fortune

AI may cut the need for younger staff, some CEOs say: ‘With the commoditization of intelligence, it’s not about having the smartest people anymore’

Also: Trump’s memecoin dinner is likely dominated by foreign interests, Republicans are uneasy with the Qatari Air Force One gift.

Fortune

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Fortune

Trump is hosting a dinner for the biggest buyers of his memecoin. The guest list is now set—and many of the winners are foreign nationals

Democratic lawmakers have said the crypto confab is a clear case of corruption.

Fortune

Trivago’s millennial CEO says he never had a career plan: 'I just followed where the energy was'

Gen Z is often ridiculed for their focus on vibes—whether it’s for investing or taking a job. But the millennial CEO of Trivago has done exactly that for his entire career.

Fortune

Nick Jonas has invested in Olipop, Snackpass, and Magic Spoon—he says he won't back a founder without a killer story

The 32-year-old backed $1.85 billion cult-favorite soda line Olipop in 2022. Now, he reveals his investment red flags to Fortune.

Fortune

Bill Gates says businesses need to understand the politics for the next 20 years, not just the next two days

Microsoft co-founder Bill Gates said AI is already reshaping the job sector and Trump's tariff uncertainty is adding further fuel to the fire.

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news in one place.

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Fortune

Tesla manager claims he was fired for warning Elon Musk is at fault for tanking EV sales

After nearly six years at the EV manufacturer, Matthew LaBrot said he lost his "dream job" after demanding Musk cede the reins—a price the manager said he was willing to pay.

Fortune

North Korean IT worker scheme infiltrated an American election campaign website

Software developers from the Democratic People’s Republic of Korea continue to conceal their identities to get jobs with American firms in violation of international sanctions.

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Dave Portnoy Net Worth Exposed: How He Made (And Lost) A Fortune

Dave Portnoy Net Worth Exposed: Explore how the sports media founder made millions with Barstool Sports, plus details on stock losses. Is his net worth near 150 million?

Fortune

What Greg Abel will do now he has officially taken over from Warren Buffett at Berkshire Hathaway.

Also: Stocks rallied instantly on the China news, Trump promises drug price cuts.

Fortune

Trump’s tax hike on millionaires is back on the table—but experts say it won't make a dent in the ultra-rich

The richest sliver of Americans now own a record share of the wealth, and tweaking income taxes is unlikely to change that.

Fortune

No, Gen Z's not drowning in buy-now-pay-later debt—yet. But experts warn it could trap them in a vicious cycle of overspending and impulse splurging

Gen Z is using payment plans to flexibly finance their lavish spending habits, but experts warn it could “trap” some shoppers in a vicious cycle of overspending and impulse splurging.

Fortune

China's unemployed Gen Z are proudly calling themselves 'rat people' and spending entire days in bed

Instead of even trying to chase jobs that seem out of reach, many Gen Zers are embracing living like a rat—not showering or leaving their dwelling for days at a time. Experts say the movement is a global 'quiet protest' against current job market and burnout.

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