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The Latest Breaking News from Fortune

Major crypto bill overcomes obstacle as Senator cuts plan to target credit card fees

The much anticipated legislation has an easier path forward following weeks of turbulence.

Fortune

3 crypto companies think they’ve figured out how to generate yield on the $4.6 billion ‘tokenized gold’ market

Even if the price of gold goes down, holders of their tokens will be paid an interest-like percentage along the way, these companies promise.

Fortune

Anthropic’s billionaire cofounders are giving away 80% of their wealth: ‘The thing to worry about is a level of wealth concentration that will break society’

As Elon Musk nears trillionaire status, Anthropic’s billionaire CEO is ringing the alarm that the ultrarich have an “obligation” to solve inequality before it’s irreversible.

Fortune

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Why China’s ByteDance could be a big winner in its TikTok deal with Trump

ByteDance gets to keep its algorithm, manage activities like e-commerce—and focus on its next battle, AI.

Fortune

As AI wipes out desk jobs, Citigroup CEO Jane Fraser says the company is training 175,000 employees to ‘reinvent themselves’ before their roles change forever

Instead of letting Citigroup’s employees fend for themselves, the $205 billion bank has provided workers with an AI training mandate.

Fortune

For successful AI adoption, managers should focus on a different movie to drive transformation

How managerial transformation will pave the way for AI enterprises, with humans leading the way.

Fortune

Coming soon: a lost generation of employee talent?

Entry-level employees don't stay entry-level forever.

Fortune

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Tether minted around $15 billion in profit last year—and its CEO makes a strong case for finance leaders to finally embrace stablecoins

A Fortune deep dive into Tether makes clear that stablecoins are shifting from crypto curiosity to core infrastructure.

Fortune

Don’t hold your breath for a Fed rate cut anytime soon. In fact, a hike could be in the cards

“Underpinning this is our belief that the labor market is improving, and that unemployment will decline ahead on a trend basis,” wrote Macquarie economists.

Fortune

Exclusive: Pace raises $10 million from Sequoia as enterprise AI collides with insurance

Pace is betting insurance is ripe for AI disruption.

Fortune

Fortune 500 Europe 2026: revealing the leading firms defining Europe’s global future

This autumn, Fortune will publish the Fortune 500 Europe, the annual ranking of the region’s largest companies.

Fortune

Pfizer’s CEO on leading after a moonshot—and making deals with Trump

Also: All the news and watercooler chat from Fortune.

Fortune

TikTok users panic over the app’s ‘immigration data’ collection in its new privacy policy, but the wording isn’t new. Here’s what it means

Experts say the phrasing has appeared in previous privacy policies and reflects legal requirements.

Fortune

With Foot Locker in trouble, JD is set to pounce in the U.S.

With Foot Locker struggling, JD Sports sees a chance to grab market share.

Fortune

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Fortune

Ray Dalio says the U.S. is a ‘tinderbox’ after the Minneapolis shooting and Trump risks a ‘more clear civil war’

Whatever direction Trump takes in the wake of the killings in Minneapolis, Dalio said that the U.S. is already in a heightened state of tension.

Fortune

Target’s incoming CEO breaks silence on Minneapolis violence near HQ—read his full statement

After weeks of protests urging Target to take a stand against Immigration and Customs Enforcement, Michael Fiddelke sent a video message to employees.

Fortune

Trump's own Big Beautiful Bill could add $5.5 trillion to the deficit and sabotage his plan to 'grow out' of the national debt crisis

Prior to the passage of the One Big Beautiful Bill, Trump’s “growth” math stood a chance of closing the gap. Now it’s much harder to see it working.

Fortune

ICE alleged to use Palantir-developed tool that uses Medicaid data to track arrest targets

Big Tech is wrapped up in a growing list of contracts to aid ICE’s immigration enforcement operations.

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Fortune

Ryan Serhant thinks the American Dream was just a 'slogan created by banks,' but it was really about FDR, the Great Depression, and an economic crisis

"It’s like student debt. Everyone needs to go to college. It was a device to create interest payments on student debt."

Fortune

Trump administration buys stake in USA Rare Earth as wave of government deals in critical minerals continues

The White House stake in USA Rare Earth could exceed 15% for the mining and magnet-manufacturing player.

Fortune

This Hong Kong billionaire invests 25% of his wealth in gold: ‘If you have the physical gold ... nobody owes you anything’

It’s all about the era of “vault flight,” Cheah Cheng Hye told Bloomberg. You don’t want your money in America as much.

Fortune

Law school admissions expert sees ‘dangerous one-two punch’ as Gen Z seeks shelter from the AI hiring storm in 6-figure debt and JD lifeboat

ChatGPT can pass the bar, but just as in 2008 and during the pandemic, law schools are overwhelmed with applicants.

Fortune

Strategy buys even more Bitcoin—$264 million of it—even as Bitcoin slumps to $87,000.

The move came only a week after executive chairman Michael Saylor made a separate $2 billion Bitcoin purchase.

Fortune

Prediction markets can take bets on outlandish events that ‘get laundered into legitimacy,’ Gen Z’s favorite economic commentator warns

“Legitimacy increasingly flows to whoever processes uncertainty first. Markets have optimized for speed. Democracy has been designed for deliberation.”

Fortune

Trump’s economy is the ‘least conservative’ in a lifetime, top economist warns. ‘Our kids will feel it in a set of lost opportunities’

The University of Michigan’s Justin Wolfers sees Trump’s economy set to derail growth for a whole generation.

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