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The Latest Breaking News from Fortune

Exclusive: Gusto crosses $1 billion in 12-month trailing revenue

The HR software company, valued at $9.3 billion, was founded in 2011. Here’s how they went from zero to a billion.

Fortune

Gusto’s path to $1 billion in revenue, milestone-by-milestone

Gusto’s founders exclusively tell Fortune how they reached $1 billion in revenue, and how they see the future of small business amid AI tumult.

Fortune

Treasury expected to borrow $2 trillion this year to continue functioning—more than $166 billion every month

"Markets will only tolerate our unsustainable borrowing for so long; the risk of a fiscal crisis gets higher as the days pass. We need deficit reduction urgently."

Fortune

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Silicon Valley’s ‘player‑coach’ fantasy misses the point of good managers

Also: All the news and watercooler chat from Fortune.

Fortune

Wall Street has decided the war is already over as stocks rally globally on peace talk progress

Everything you need to know before you reach the office this morning.

Fortune

AI is quietly splitting the housing market in two: Bay Area luxury homes are up 13%, affordable ones are collapsing

“It’s another sign of the K-shaped economy taking shape in the Bay Area,” said Redfin senior economist Yingqi Xu.

Fortune

I litigated the JetBlue-Spirit merger. A few thoughts on the future of antitrust in the airline industry

A former DOJ Antitrust Division attorney who worked on the JetBlue/Spirit case argues that Spirit's collapse wasn't inevitable.

Fortune

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After the FDA spent years rejecting over flavored vape products, Trump reportedly pressed his FDA chief to allow mango and blueberry flavors

“Flavors induce people, many of them children and young adults, to use a product that may result in a lifetime of addiction and other harms,” one anti-smoking advocate said.

Fortune

Meet Mark Stevens: The billionaire VC, Nvidia board member, and Giving Pledge signer who just donated $200 million to USC to help with the AI race

Billionaire venture capitalist Mark Stevens, an early Nvidia backer at Sequoia Capital, just made one of the largest gifts in USC history to fuel the university's AI ambitions.

Fortune

Debris from the White House East Wing demolition was dumped at a nearby public golf course and contains toxic metals, National Park report finds

A Washington, D.C., nonprofit filed an injunction in February, claiming the debris dumped on the golf course was hazardous.

Fortune

Magnum owns Ben & Jerry's. Now it's destroying what made the brand worth buying

The CEOs of Patagonia and Dr. Bronner's argue that Unilever and Magnum aren't just dismantling a beloved ice cream brand — they're abandoning a mission.

Fortune

Vornado CEO Steven Roth 'shocked that our young mayor would pull this stunt' and says Zohran Mamdani should know better than target Ken Griffin

Vornado and Ken Griffin's Citadel are expected to build a $6 billion tower in New York, but Citadel's COO and Roth referenced it may not go through.

Fortune

Trump administration suddenly embraces AI oversight ideas it once rejected

After railing against Biden-era AI safety efforts, the Trump administration is now weighing its own frontier-model oversight as fears grow around cyber risks and national security.

Fortune

It’s always happy hour at the airport bar, but Ryanair’s CEO is calling for a crackdown on 6am tipples: ‘Who needs to be drinking beer at that time?’

A familiar vice is threatening the raw liberty of being in an airport.

Fortune

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Fortune

The 'PayPal Mafia' built a $1.5 billion fintech pioneer. The company they left behind is struggling

Fortune coined the term "PayPal Mafia" in 2007. Two decades later, the mafia is thriving, but PayPal isn't.

Fortune

Mark Zuckerberg gave a Facebook engineer startup advice at 2 a.m. while 'hanging out with all the interns'—she quit and raised millions after

Mark Zuckerberg told his former Facebook engineer Sophie Novati: "Figure out a way to capture people's valuable attention."

Fortune

'FOMO has proven a stronger incentive than poor stock performance': Goldman Sachs finds insecurity is a key part of the AI boom

Goldman Sachs looked at the giant data-center question from both sides of the equation — and shrugged.

Fortune

How Wyndham scales AI to improve hospitality at 8,400 hotels

The hotel franchising company favors standardization for most of its $450 million tech spending since 2018. But it gives franchisees more flexibility to opt into AI tools like Wyndham Connect.

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news in one place.

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Fortune

AI could solve America's $39 trillion debt crisis—but only if Washington abandons displaced workers, Yale Budget Lab warns

A Yale Budget Lab report suggests AI-driven productivity gains could reverse the national debt's upward trajectory. But what about the workers?

Fortune

Wall Street is abuzz about ‘tokenized assets’—but most activity is limited to a nascent ‘wrapper’ phase, report finds

A Pantera report said 78% of tokenized assets don’t capture the full potential of blockchain

Fortune

At 75, Ted Turner told Fortune he gave himself 5 more years. He got 12—and spent them warning the world was ending

The CNN founder, who died Wednesday at 87, used a 2013 Fortune interview to handicap his own mortality and deliver a blunt warning about nuclear weapons, climate change, and overpopulation.

Fortune

Zcash spikes 30% after Multicoin managing partner says firm bought the token, calls it protection against wealth taxes

"Zcash is a return to the cypherpunk ideals crypto was founded on," Multicoin’s Tushar Jain said

Fortune

Here are the best hiring hotspots for recent graduates—and cities in the Midwest and South are even outpacing career hubs like New York City

Metropolitan areas in Alabama, Tennessee, and Ohio are competing with New York and San Francisco as the top hubs for new grads—and Gen Zers are flocking to the smaller cities.

Fortune

ServiceNow just told Wall Street it's going to double again. Here's why $30 billion of revenue isn't crazy

The enterprise software company grew from $3.5 billion to nearly $16 billion in six years. Now it says $30 billion by 2030 is conservative.

Fortune

Tiny island nation unveils $1 million 'Golden Visa' for the wealthy—80% cheaper than Trump's, with one catch: you're renting

The government of Mauritius is launching a Golden Visa scheme, a la the White House, following requests from wealthy individuals.

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