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The Latest Breaking News from Fortune

95% of corporate AI pilots are flopping — MIT just said the quiet part out loud

Billions of dollars are being poured into AI development, but most pilot programs don't succeed.

Windows Central

You won't get more money from quitting in this economy, BofA says, as job-hopping freezes in white-collar America

Wage increases for job-hoppers have collapsed, BofA finds, while wage growth for job-switchers equals that of job-stayers for the first time since 2010.

Fortune

AGI was tech’s holy grail. Now, even its biggest champions are hedging. What gives?

From “AGI Sherpas” to “Feel the AGI,” the hype hit fever pitch over the past three years. Now the mood is shifting to pragmatism—though the stakes are higher than ever.

Fortune

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Cracker Barrel's logo fiasco shows how hard it is to freshen things up without annoying loyal customers

Also: All the news and watercooler chat from Fortune.

Fortune

Inside the debt-heavy sand trap of Trump’s U.K. golf course finances

Donald Trump’s resorts in Scotland embody his trademark mix of real estate ambition and presidential showmanship—where politics meets profit, and a history of loss.

Fortune

‘Weaponization of a sandwich’ — Subway’s footlong is becoming an icon of resistance against Trump’s D.C. police takeover

The sandwich chain hasn’t responded to the incident. Some experts say it has a responsibility to do so.

Fortune

U.S. shale oil boom transforms from money treadmill into cash cow, Chevron president says

Chevron slows down in the booming Permian as it looks to international growth.

Fortune

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Meta is sinking $10 billion into Louisiana to build its wildest AI aspirations, setting the template for the grid buildout

The massive data center buildout is underway, requiring massive amounts of new power and, increasingly, more fossil fuels and gas plants.

Fortune

‘It’s almost tragic’: Bubble or not, the AI backlash is validating one critic’s warnings

Gary Marcus told Fortune that AI valuations remind him of Wile E. Coyote. “We are off the cliff.”

Fortune

3 Reasons Disney World Has Become Unaffordable for the Middle Class

When did it become so expensive to visit the most magical place on earth? Here are three reasons Disney World has become unaffordable for the middle class.

GOBankingRates

Inflation Could Spike in 2026 Because of Trump's Deportations, Top Economist Warns

The White House, however, rejected the link between deportations and inflation, emphasizing that the immigration crackdown is meant to "protect the American workforce"

Latin Times

Unlike Jensen Huang, this CEO embraces work-life balance and is proud he takes vacations and coached his kids’ baseball team

With millions of PTO left on the table each year, Lactalis U.S. Yogurt CEO Bill Cassidy argues normalizing time off is a competitive advantage—not a concession.

Fortune

BofA sees the replacement of people with process solving the 'productivity paradox,' because 'A process is almost free and it's replicable for eternity'

"I think people love this AI technology because it feels like sorcery," BofA's Savita Subramanian said. "The truth is it hasn't really changed the world that much yet, but I don't think it's something to be dismissed."

Fortune

Travelers Ditch Screens For Real-Life Adventures, Choosing Local Culture, Nature, And Hands-On Experiences Over Digital Entertainment

Doom scrolling is finally starting to take a back seat. According to Fortune, young travelers are swapping their screens for real-life adventures, and it's a big win for the travel industry. However, people aren't just traveling for the sake of it. They're not in a rush to check off every…

Benzinga

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Fortune

Trump says Intel agreed to give the government 10% of the chipmaker. ‘We do a lot of deals like that. I’ll do more of them’

Commerce Secretary Howard Lutnick previously said the U.S. government should receive equity in return for the CHIPS Act cash grants Intel has received.

Fortune

Cracker Barrel's first rebrand in nearly 50 years backfired. The company's stock lost nearly $100 million after introducing a more minimalist look

The restaurant chain has gotten heat, accused of going too woke.

Fortune

Thousands of Grok conversations have been made public on Google Search

More than 370,000 Grok chats have been indexed by search engines, exposing sensitive queries that include intimate medical and psychological questions, business details, and at least one password.

Benzinga

Chipotle And Cava Are Pouring $25 Million Into Robot Kitchen Technology To Transform Fast-Casual Dining

Chipotle (NYSE:CMG) and Cava (NYSE:CAVA) compete for health-conscious customers, but their recent team-up demonstrates where the industry is heading next.

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Fortune

Elon Musk tried to court Mark Zuckerberg to help him finance xAI’s attempted $97 billion OpenAI takeover, court filing shows

Musk has taken up legal arms against Sam Altman’s OpenAI, not only trying to acquire it in a hostile takeover, but claim the startup breached its contract

Fortune

Canva’s billionaire founders are minting overnight millionaires with employee share sale

Past and present “Canvanauts” will be able to sell up to $3 million of their vested equity, an internal email says.

Fortune

Ex-Applebee's exec was told she’d never be CEO—she bought the chain and fired her naysayer: ‘We don't need two of us, so I'm gonna have to let you go’

Multimillionaire baby boomer Julia Stewart grew IHOP’s business and got back at her former employer after being denied the top role. Spanx’s and FedEx’s founders also created billion-dollar companies after their business ideas were rejected.

Fortune

Gen Z want 'secure' jobs in healthcare—but this CEO left the industry after realizing he could make millions getting Americans to eat more fruit instead

A medical school grad walked away from a secure path in health care to build a $100 million snack company. Now he hires without even looking at degrees.

Fortune

Dreamworks cofounder Jeffrey Katzenberg joins Kimbal Musk’s drone entertainment company

Nova Sky Stories is also raising $50 million from various investors, including Katzenberg’s tech investment firm, WndrCo.

Fortune

Walmart’s CFO on competing for tech talent: 'You’re helping shape the future of retail on a massive scale'

Amid soaring e-commerce sales and rising tech salaries, Walmart is focused on the long term.

Fortune

Private equity dealmaking in aerospace and defense drops 32% in Q2, PitchBook says

PitchBook data shows a 32% year-over-year decline in aerospace and defense deal count, a drop the research platform links to tariffs and broader geopolitical uncertainty.

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