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The Latest Breaking News from Fortune

Netflix aims for trillion-dollar company status as its economic impact goes 'overlooked,' says co-CEO

“We get kind of thrown under the bus on trade deals occasionally," says Ted Sarandos.

Fortune

Struggling commercial airline Avelo has turned to deportation flights. Even though the CEO admitted it’s a controversial choice, it’s 'too valuable not to pursue'

The budget airline will start deportation flights on May 12.

Fortune

In Q1 2025, AI commanded 71% of total VC deal value, according to PitchBook

For Q1 2025, AI has accounted for 71% of total VC deal value, according to new PitchBook data.

Fortune

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Goldman Sachs execs’ images used in deepfake video campaign targeting amateur investors on Instagram

It may come as a surprise to many to see Abby Joseph Cohen pop up in their Instagram feed with an offer that’s hard to refuse.

Fortune

Las Vegas Sands slaps down worries that U.S.-China tensions could threaten its Macau casinos

“We have an incredible relationship with Beijing,” CEO Rob Goldstein said on the casino operator’s earnings call.

Fortune

Google is demanding some remote workers move within 50 miles of an office and show up three days a week

Google has told some remote workers that their jobs could be at risk if they don't start attending the office three days per week.

Fortune

Global stock markets don't know where to go as Fed report uses the word 'uncertainty' 80 times

U.S. stock indexes closed up yesterday following news that the Trump administration would compromise on some aspects of its tariff agenda. But trading in Asia and Europe was mixed this morning.

Fortune

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Trump’s ‘art of the retreat’ may signal he’s setting Powell up to take the fall for economic turmoil

Trump’s tactical retreat on key points like Fed Chair Powell and trade negotiations with China signals a change within the White House—potentially lining up a scapegoat if its policies fall flat.

Fortune

The new CEO of the Philippines’ largest telco says his Nigeria and India experience taught him to 'never underestimate' any market

Carl Raymond Cruz, the new CEO of Globe Telecom, also admits his "bias" for Indian companies, thanks to their "rigor" and "operational intensity."

Fortune

Pfizer CEO Albert Bourla sees ‘a scientific renaissance’ in the U.S. amid backdrop of political threats to the future of research

Also: 90% of earnings calls mention tariffs, China says there are no talks with Washington on trade.

Fortune

6 moves wealthy investors are making amid the market turmoil, according to their financial advisor

High-net-worth investors are sticking to their long-term plans—while looking for opportunities amid the chaos.

Fortune

American consumers are still buying like crazy, but the largest credit card companies are stashing funds away for a rainy day

Consumers continued to increase spending, according to quarterly earning reports.

Fortune

Trump memecoin spikes 58% in value after top holders are promised a private dinner with the president

The announcement comes as 40 million additional $Trump tokens were set to be released.

Fortune

Stocks rebound for second consecutive day as the White House signals even more strongly it wants to make nice on tariffs

Stock indexes and the U.S. dollar rose, as investors got hints of a long-sought détente in America’s trade wars.

Fortune

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Fortune

Happier parents tap into this 1 emotion

Feeling in awe of your kid is particularly powerful, a new study has found.

Fortune

Here are the top 10 best and worst states for older adults in the workplace

Today, over 11 million older adults are in the workforce.

Fortune

Billionaire Ken Griffin warns that U.S. brand is 'eroding'

The Trump administration's tariff policies could impact the country's stature, according to Griffin.

Fortune

Scott Bessent says the World Bank and IMF need a total overhaul: 'Mission creep has knocked these institutions off course'

Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said the two agencies are falling short.

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Fortune

Elon Musk says Tesla will have ‘thousands’ of Optimus robots by year’s end, but China slapping controls on rare earths is hobbling production

President Donald Trump’s punitive tariffs provoked Beijing into demonstrating one of its key points of leverage.

Fortune

Cantor Fitzgerald partners with Tether, Bitfinex and SoftBank to launch Bitcoin acquisition company

Twenty One Capital plans to launch publicly with 42,000 Bitcoins.

Fortune

Ulta Beauty says online shopping habits are changing. Here's how the retailer invests in tech to keep up

After completing an IT-led software modernization project with SAP, Ulta Beauty is turning its attention to AI and personalization.

Fortune

CEO of $65 billion software giant Workday's warning: 'There's nothing more dangerous than yesterday's success'

Other CEOs like Jeff Bezos and Doug McMillon don’t focus on past or future wins—only what will make them successful in the moment.

Fortune

RTX warns of potential $850M hit from tariffs as defense companies grapple with fallout of rising costs

“It's not a panacea for all things tariff,” RTX CEO Christopher Calio told investors Tuesday.

Fortune

Cluely, which helps users cheat on 'literally everything,' gets $5 million in pre-seed funding

Cluely compares itself to the calculator and spell-check.

Fortune

The companies that had the best shareholder return in the previous recessions did these three key things

Despite what you'd think from the latest string of job cuts, history has shown that businesses that made long-term strategic moves before an economic downturn came out on top.

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