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The Latest Breaking News from Fortune

Elon Musk promises Tesla shareholders a vote over buying equity in his Grok startup—‘if it was up to me, Tesla would have invested in xAI long ago’

The news comes as Musk's SpaceX company reportedly contributed $2 billion to last months's $10 billion xAI fundraising consisting of equal parts equity and debt.

Fortune

Pay raises plateau: Companies hold steady on salary budgets for 2026

Despite limited pay growth, employee turnover remains low.

Fortune

Tokenized stocks are the next big fintech buzzword. Are they an innovation or a regulatory loophole?

Robinhood announced the launch of OpenAI tokens, sparking a debate over blockchain-wrapper stocks.

Fortune

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Markets are preparing for an international game of tariff bluff—but President Trump may no longer need to back down

Analysts including Deutsche Bank’s Jim Reid and Goldman Sachs’ Sven Jari Stehn suggest Trump's sharp escalation is more likely a negotiation tactic than a firm policy shift.

Fortune

The markets are playing chicken against Trump on the assumption that the Fed will rescue them if their call is wrong

"At some stage, someone’s bluff could be called," says Deutsche Bank's Jim Reid. "If huge tariffs do get imposed on August 1st, in thin holiday markets, we could get a sizeable market reaction.”

Fortune

Linda Yaccarino got the CEO title. She paid with her reputation

The former X CEO is a cautionary tale of why chasing prestige can destroy the reputation that got you there.

Fortune

Panasonic’s Megan Myungwon Lee wants half the battery supply chain inside North America by 2030

Also: All the news and watercooler chat from Fortune.

Fortune

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OCBC’s next CEO shows the Singaporean bank is still betting on ASEAN-China ties for growth

OCBC’s CEO-to-be comes with a wealth of China experience, including a five-year stint leading DBS’s institutional banking business in China.

Fortune

Cybercrime is big business in Asia, and AI could be about to make things worse

Asia's "mobile-first market" makes it easier for scammers to make a direct connection to their victims.

Fortune

Dow futures sink as Trump keeps pushing tariffs while White House suggests Powell's job could be at risk

After Wall Street previously downplayed risks from President Donald Trump's trade war, investors are starting to take his tariff threats more seriously.

Fortune

Elon Musk and some Democrats like Reid Hoffman actually share common ground on U.S. debt

LinkedIn cofounder and top Democratic donor Reid Hoffman said he's "very sympathetic" to Musk's core cause of reining in deficits.

Fortune

Markets can't be bullied, and the US could face a financial crisis ahead of next year's midterm elections, former IMF official says

"The days of the world letting America live beyond its means are rapidly coming to an end."

Fortune

Monetary policy at the world's most important central bank could hinge on an argument over building renovation specs

The latest spat between the Trump administration and the Federal Reserve is sounding more like a home-improvement reality TV show.

Fortune

A $100 billion mystery is unfolding on tariffs and inflation and economists are cracking the case

The hottest question in economics is why the massive price hikes tariffs were supposed to bring still haven’t materialized halfway through 2025.

Fortune

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Fortune

This car-repair chain's revenue skyrocketed 130x in the past five years—and 83% of its workforce doesn't have a college degree, including its CEO

Matt Ebert reflects on how he came into the car collision repair industry “literally, by accident.”

Fortune

Sweet Loren's CEO was unfulfilled in her 'real' jobs—beating cancer gave her the guts to quit and launch the $120 million cookie brand

Loren Castle, the CEO of Sweet Loren’s, launched the refrigerated cookie dough brand after a cancer diagnosis in her 20s made her re-evaluate her career. Now, it’s stocked in over 35,000 supermarkets.

Fortune

AI startups believe Google’s Chrome is vulnerable to a new wave of intelligent browsers

Perplexity’s AI-enabled web browser, Comet, can send emails and schedule meetings as well as provide answers to questions.

Fortune

AI helped save the chip industry. What happens if it turns out to be a bust?

Some signs suggest that AI growth is stalling, or at least slowing down.

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news in one place.

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Fortune

Here's how a $1,000 'Trump account' could swell to $100,000 by age 21—and $2 million by 60—even with modest contributions from families

Families can contribute up to $5,000 a year into Trump accounts, with employers allowed to chip in up to $2,500 of that amount.

Fortune

The U.S. debt outlook is so dire it now resembles the student loan crisis, former White House economic adviser says

"I, like many other longtime doves, am joining the hawks, because our nation’s budget math just got a lot more dangerous."

Fortune

The TACO trade is backfiring on Wall Street as Trump seizes on stock market highs to charge ahead with tariffs

"Markets appear to believe that Trump will again back down. We are not so sure."

Fortune

Photos: Disney’s “Happiest Place on Earth” celebrates 70 years

Those in attendance on opening day paid a whopping $1 entry fee, plus 10 to 30 cents per ride.

Fortune

Trump's law of the jungle means U.S. trade deals aren't worth the paper they're printed on, trade expert warns

Without a means of enforcing bilateral trade agreements, Trump could simply change the terms of any deal down the road. The answer is to kick the U.S. out of the World Trade Organization, argues professor Kristen Hopewell.

Fortune

Apple CEO Tim Cook has created more shareholder value than Steve Jobs. But suddenly his weaknesses are on display in the AI era

A lackluster AI strategy and a string of executive departures are weighing on Apple's stock.

Fortune

Gen Z men are still obsessed with Pokémon cards—using 'boy math' to argue that they'll beat Nvidia stock and the S&P 500. But there's a catch

Pokémon and sports cards may be outpacing the stock market on paper, but while some collectors are cashing in—others are going broke.

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