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The Latest Breaking News from Fortune

Jim Carrey nearly quit 'Grinch' and offered to return his $20 million paycheck. Then the founder of SEAL Team Six came to the rescue

"Jim started having panic attacks. I would see him lying down on the floor in between setups with a brown paper bag."

Fortune

Sam Altman should take Niklas Östberg’s number—what the Delivery Hero founder doesn’t know about taking a company public and handling grumpy shareholders isn’t worth knowing

A founder-CEO who rode out shareholder backlash, Niklas Östberg’s journey at Delivery Hero shows how long-term conviction can survive—and even thrive—on the public markets.

Fortune

Your Super Bowl party can beat inflation, Wells Fargo says. Just double down on wings and guac and skip the beef

“If you can’t get excited about a big plate of chicken wings and cheesy nachos with guacamole, I don’t know what’s going to make you happy.”

Fortune

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For e.l.f. Beauty's CFO, Super Bowl ads are a long-term investment

CFO Mandy Fields discusses the strategy finance and marketing use to help the brand reach new shoppers.

Fortune

Moltbook is the talk of Silicon Valley. But the furor is eerily reminiscent of a 2017 Facebook research experiment

As Fortune’s Jeremy Kahn points out, we’ve seen this film before.

Fortune

Bitcoin whales and ETFs are bailing out of the market; UBS warns: ‘Crypto is not an asset’

“We see few bullish indicators that suggest we may be approaching the bottom,” Jefferies analyst Andrew Moss says.

Fortune

Software selloff giving you déjà vu? We’ve been here before, says Deutsche Bank, when the dotcom bubble began to burst

“Interestingly, that pattern echoes what we saw in 2000 as the dotcom bubble started to burst,” Deutsche Bank’s Henry Allen wrote. “Equities started to fall from March 2000 as tech stocks saw significant declines.”

Fortune

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Disney's Bob Iger achieves a key feat for any outgoing CEO: giving his successor a clean slate

Also: All the news and watercooler chat from Fortune.

Fortune

When the music stops: the unravelling of AI companies’ flawed valuations

Right now, we’re already slipping into the Trough of Disillusionment and when the AI bubble bursts, the flawed valuations will be exposed.

Fortune

Gen Z’s latest status symbol is running a marathon—and it’s terrible news for Gucci, Louis Vuitton, and Hermès

“I feel like saying that you ran—or that you run, or that you’re going to run—the New York City Marathon is huge clout in New York,” one influencer said.

Fortune

Top analyst Tom Lee on gold's black swan risk: Elon Musk becoming 'the new central bank'

"It all fits in a swimming pool, all the gold in the world," the Fundstrat head of research said. Plus, it's "extraterrestrial."

Fortune

OpenAI’s new model leaps ahead in coding capabilities—but raises unprecedented cybersecurity risks

Why OpenAI’s latest coding breakthrough is forcing the company to rethink how—and how fast—it can deploy its most powerful models.

Fortune

Rocket CEO says U.S. mortgage industry is a 'tale of two cities.' His booming business shows a broader reality for American homebuyers

“Mortgage rates dropped to the lowest that they've been in the past three years,” Varun Krishna said, “and Rocket was right there to capitalize.”

Fortune

Gen Z is rebelling against TikTok USA by installing another app—founded by an Oracle alum

TikTok USA isn’t just (arguably) a tool of corporate power, it doesn’t seem to work as well as the old TikTok.

Fortune

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Fortune

Crypto market in free fall as Bitcoin plunges below $70,000 while shares in Coinbase and Circle tumble

Bitcoin holder Strategy is also taking a beating as prices sink to 2024 levels.

Fortune

Tech giants are shelling out up to $400K for AI evangelists to defend against surging American skepticism

Some firms are willing to pay high salaries for communications directors as Americans grow wary of AI.

Fortune

Hey Alexa—Amazon may be teaming up with OpenAI. Here’s why that matters

Amazon had been using a mix of its own models and those from OpenAI rival Anthropic to power Alexa+. Will a pivot to OpenAI's tech finally deliver an updated Alexa that wows users?

Fortune

Metals are the new oil, JD Vance pitches to America: ‘There’s no realer thing than critical minerals’

Trump officials are pitching a new framework to think about raw minerals. It’s not actually new.

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Fortune

Forget a degree—$30 billion defense startup Anduril will fast-track your job application if you can win its AI drone-flying contest

Anduril founder Palmer Luckey admits he likes to hire people with experience off the beaten path—and he’s now scouting new talent via a drone-flying contest.

Fortune

Understanding corporate leaders' muted Minnesota response: the example of Disney, Florida and conservative retaliation

The Minnesota CEO letter is a window into a broader shift.

Fortune

Nestlé’s CEO drinks 8 coffees a day, but says Gen Z staffers are his secret to staying sharp by ‘learning constantly’

In his company’s turnaround effort, Nestlé CEO Philipp Navratil is drinking twice as much coffee as the average American—while admitting it’s Gen Z workers who keep him intellectually alert.

Fortune

OpenAI’s Sam Altman says his highly disciplined daily routine has ‘fallen to crap’—and now unwinds on weekends at a ranch with no cell phone service

The new father is working out how to balance business and the “significantly underhyped” experience of raising a child.

Fortune

Michael Lewis and Tom Lee hold court on the $1 trillion software-stock carnage: ‘I think fear is not a bad thing to be long right now’

90% of stocks go to zero, and the best retail traders are dead.

Fortune

ChatGPT’s market share is slipping as Google and rivals close the gap, new app-tracker data shows

ChatGPT’s app market share has plummeted from 69% to 45% in a year as Google’s Gemini gains ground—potentially complicating OpenAI’s widely anticipated IPO.

Fortune

Trump is giving the U.S. economy a $65 billion tax-refund shot in the arm, mostly for higher-income people, BofA says

“The consumer divide is about to get deeper,” BofA senior U.S. economist Aditya Bhave wrote on Wednesday.

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