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The Latest Breaking News from Fortune

‘Million Dollar Listing’ star used to sling paninis, but now leads a team closing $15 billion in deals—because someone was ‘stupid enough’ to hire him

Fredrik Eklund moved to NYC from Stockholm with no job or connections, making a penny for every panini he passed out. Now, his real estate client roster includes Sarah Jessica Parker, Jennifer Lopez, Nick Jonas, and John Legend.

Fortune

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

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

Fortune

Trump's reciprocal tariffs could be struck down as soon as this month — and the administration is warning of economic apocalypse

"In short, the economic consequences would be ruinous, instead of unprecedented success."

Fortune

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Airfares are surging again after a months-long slump as carriers trim flights to ease a capacity glut

The latest consumer price index report showed airfares jumped 4% in July from June, marking the first monthly increase since January.

Fortune

Trump could trigger a financial crisis in Russia — if he wants to — but has backed off from his threat of 'very severe consequences'

"Trump can squeeze the Russians; he seems to forget that the United States holds the cards, not Moscow."

Fortune

The billion-dollar remote work opportunity that rural America can’t reach

While three-quarters of mid-career rural workers say they’re willing to train for new jobs, most say they haven’t taken any courses to do so — often because they lack broadband access.

Fortune

I’ve been a thought leader on operationalizing AI for over 35 years and I’m concerned. There's a catastrophe in the making

Anand Rao is a Distinguished Service Professor of Applied Data Science and AI at Carnegie Mellon University. He’s published over 160 papers on AI and Computer Science, and advised nearly 100 companies on six continents.

Fortune

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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

Nvidia and AMD’s ‘special treatment’ from Trump shakes up an already tangled global chip supply chain

“If Nvidia and AMD are given special treatment…why shouldn't other companies be doing the same?” says one expert.

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

Meta spends more guarding Mark Zuckerberg than Apple, Nvidia, Microsoft, Amazon, and Alphabet do for their own CEOs—combined

Zuckerberg is not exactly the most popular guy.

Fortune

How investors should be thinking as the stock market nears a P/E ratio of 30—a number that spelled disaster before the dotcom crash

What’s especially troubling is the way the multiple reached its current heights. The main driver wasn’t what matters most: rising profits.

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

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Fortune

Waymo experimenting with generative AI, but exec says LiDAR and radar sensors important to self-driving safety 'under all conditions'

Waymo is experimenting with generative AI, but its current approach is a stark contrast to one of its newer rivals, Tesla.

Fortune

Trump says 'we didn't get there' but touts progress as meeting with Putin ends without a deal to stop Ukraine war

"We had an extremely productive meeting, and many points were agreed to and there are just a very few that are left."

Fortune

Trump's Social Security tax cuts could hit future generations hard and propel the program's insolvency by 2032, research warns

Cutting federal taxes on Social Security benefits gives immediate relief to retirees—but experts warn it could trigger benefit cuts for future generations.

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.”

Fortune

More outages, aging infrastructure, and bicoastal dysfunction: BofA warns America’s grid is 30% to 46% ‘beyond its useful life’

Bank of America Institute warns: “Grid reliability is worse today than in the early 2000s.”

Fortune

While AI wipes out entry level roles, OpenAI CEO Sam Altman says it’s actually ‘the most exciting time to be starting out one’s career’

Billionaire OpenAI CEO Sam Altman has a message for new Gen Z graduates: “This is probably the most exciting time to be starting out one’s career, maybe ever.”

Fortune

You’re welcome, world: U.S. tariffs may cool inflation for the rest of the global economy

“We doubt that U.S. tariffs will significantly affect inflation in the rest of the world, but if anything, the effect could be mildly disinflationary.”

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

Even the tooth fairy is cutting back. The average price per tooth in America just saw its biggest drop in 27 years

For the first time since 2000, the S&P index has outperformed the Tooth Fairy Index.

Fortune

Steve Jobs’ first Silicon Valley boss turned down an offer to buy a third of Apple for $50,000—today, his share would be worth nearly $1 trillion

Atari cofounder Nolan Bushnell missed out on becoming a trillionaire because he snubbed an offer from his ex-employee, the late Steve Jobs.

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