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The Latest Breaking News from Fortune

Anthony Scaramucci’s SkyBridge Capital to tokenize $300 million on Avalanche

The onetime Goldman Sachs executive and White House communications director has been a crypto booster for years.

Fortune

Gen Z spends hundreds a month on 'treat culture,' justifying it with the challenges of daily life

Some Gen Zers are spending hundreds of dollars on little treats each month.

Fortune

IPOs are back. Where are the women?

An analysis of IPO-related filings from the first two weeks of August show an alarming lack of gender diversity.

Fortune

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How Chili's and Cheesecake Factory are defying consumer gloom and beating McDonald's and Chipotle at their own game

Chili’s reported a 24% jump in same-store sales in its most recent earnings report.

Fortune

Housing shrinkflation is here to stay. New homes are 11% smaller but 74% more expensive than a decade ago

The “death of the hallway” continues.

Fortune

How GoodRx CEO Wendy Barnes is trying to halve the cost of GLP-1 obesity drugs

Also: All the news and watercooler chat from Fortune.

Fortune

Soho House goes private in $2.7 billion deal as Ashton Kutcher joins the board of the swanky members’ club

Founded in 1995, Soho House has never turned a profit.

Fortune

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Ex-Google exec says degrees in law and medicine are a waste of time because they take so long to complete that AI will catch up by graduation

“Higher education as we know it is on the verge of becoming obsolete,” the former Google AI leader told Fortune.

Fortune

‘Quiet cracking’ is spreading in offices: Half of workers are at breaking point, and it’s costing companies $438 billion in productivity loss

Thanks to AI and disappearing career growth, staffers are silently but massively disengaging with their employers. Welcome to “quiet cracking.”

Fortune

Pop culture and politics are intertwined in the age of Trump. Just look at the Paramount-Skydance merger

Also: All the news and watercooler chat from Fortune.

Fortune

Gen Z was growing obsessed with luxury watches. New tariffs on Switzerland could cool the expensive hobby

Experts say high-end Swiss-made watches carry social cachet strong enough to retain young luxury watch fanatics willing to spend big.

Fortune

This CEO laid off nearly 80% of his staff because they refused to adopt AI fast enough. 2 years later, he says he'd do it again

“It was extremely difficult,” IgniteTech CEO Eric Vaughan tells Fortune. “But changing minds was harder than adding skills.”

Fortune

Trump says tariffs are going to be enough to pay down national debt. They likely won’t even touch the sides

In exclusive interviews with Fortune, Wharton professor Joao Gomes and AEI’s Desmond Lachman warned that while tariffs may slow debt growth, they won’t meaningfully reduce it.

Fortune

SoundHound's millionaire boss founded 3 software startups before even graduating—he tells Gen Z who want to be their own boss 'don't just throw darts randomly'

SoundHound AI CEO Keyvan Mohajer grew his Stanford dorm room start-up into a $6.5 billion company, fueled by a refusal to just be “average.”

Fortune

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Fortune

Trump's unprecedented, potentially unconstitutional deal with Nvidia and AMD, explained: Alexander Hamilton would approve

Nvidia and AMD agreeing to give 15% of their China chips revenue back to the U.S. doesn't recall any deal ever struck by the U.S. government.

Fortune

Trump is deporting so many immigrants that it could cause inflation to hit 4% next year, top economist says

Even conservative Heritage Foundation economist Steven Moore is worried about a labor shortage.

Fortune

These Gen Z and millennial founders dropped out of college, took $200,000 from Peter Thiel, and have now built companies worth over $100 billion

The Thiel fellowship awards $200,000 to young people who skip or leave college to spend two years building a startup, with notable alumni including Figma CEO Dylan Field and Scale AI cofounder Lucy Guo.

Fortune

‘Godfather of AI’ says tech companies aren’t concerned with the AI endgame. They’re focused on short-term profits instead

“Researchers are interested in solving problems that have their curiosity. It’s not like we start off with the same goal of, what’s the future of humanity going to be?”

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Fortune

Days after Intel CEO meets with Trump, the federal government is reportedly negotiating a stake in the chips champion

Trump has called Intel CEO Lip-Bu Tan both “highly conflicted” and possessing “an amazing story.”

International Business Times UK

Code Leak Lifts the Lid on Apple's Massive 2025 Hardware Lineup—What's Hiding in the Strings?

A significant software leak has inadvertently revealed internal identifiers for a wide range of unreleased Apple hardware—spanning iPads, Apple Watches, Vision Pro headsets, HomePod mini, Apple TV, Studio Display 2, and more—indicating a massive and sweeping product refresh headed for late 2025 and into 2026.

Fortune

Trump’s 29-year-old crypto guru Bo Hines is juggling dozens of job offers as he heads to the private sector

Hines left his White House executive director post after starting almost seven months ago—and helping push through a crypto bill.

Fortune

The new rules for startup hiring

We’re in a new era for startup hiring, six experts told Fortune.

Fortune

AI is gutting the next generation of talent: In tech, job openings for new grads have already been halved

For many new graduates, the first rung of the corporate ladder is getting harder to reach.

Fortune

A 23-year-old CEO convinced his parents to open a custodial account in second grade. He fears meme stocks inflate Gen Z’s dreams of getting rich quick

A recent survey led by his company shows the majority of Gen Zs believes investing is a better way to reach their financial goals than a nine-to-five job, even if they don’t know how it works.

Fortune

How big data and an A-list board turned struggling NYU Langone into a $14 billion hospital powerhouse

CEO Robert Grossman and board chair Ken Langone have turned NYU Langone into a top-performing health system, and multiplied revenue seven-fold.

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