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The Latest Breaking News from Fortune

Klarna’s cofounder worked at Burger King and lived on welfare before starting the buy-now, pay-later firm. It’s now worth $16 billion after IPO

Klarna CEO Sebastian Siemiatkowski worked at Burger King and lived on welfare before starting his $16 billion fintech firm.

Fortune

Tether launches U.S. stablecoin, appoints former Trump crypto guru Bo Hines as CEO of American expansion

Tether tapped crypto bank Anchorage Digital and its longtime partner Cantor Fitzgerald to issue the token.

Fortune

Billionaire who sold two companies to Coca-Cola says he tries to convince people not to become entrepreneurs: 'Every single day, you can go bankrupt'

Mike Repole wants to remind every aspiring businessperson that most startups—over two-thirds of them—fail.

Fortune

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Hyundai CEO says ICE raid on Georgia plant set back its grand opening by two or three months

CEO José Muñoz said the delay estimate is based on foreign workers coming back to help.

Fortune

Jamie Dimon says his successor at JPMorgan doesn’t need to be the smartest person in the room, they need to be the ‘pied piper’

Jamie Dimon says the next JPMorgan CEO must be a “coach” and motivator, not just the smartest person in the room, as succession planning heats up.

Fortune

The AI drug breakthrough is taking a long time to arrive for reasons that may have little to do with the technology’s limits

“No matter how much data you have, human biology is still a mystery,” one analyst said.

Fortune

We studied America's entrepreneurs and found too many of them were burned out, anxious and depressed. We need a well-being revolution

The factors that fuel entrepreneurs' ambition can also create a sense of isolation.

Fortune

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‘Better put some chips down or you’re going to miss out’: U.S. tech is riding fears about rising global conflict

“There’s a ton of money being poured into defense from venture capitalists right now,” said Steve Simoni, cofounder of Allen Control Systems.

Fortune

From his first flight at age 25 to Delta CEO: Ed Bastian's advice on leading into the next century

Bastian discusses the most important aspect of a CEO's job.

Fortune

Why Is America’s 911 system still running on decades-old infrastructure?

Air traffic controllers aren’t the only ones in short supply. 911 dispatchers are, too.

Fortune

GV’s David Krane and Greycroft’s Dana Settle break down where the AI boom really stands at Fortune Brainstorm Tech

“It’s absolutely a long cycle, and we’re at the very, very, very beginning,” said Settle.

Fortune

‘Dust off your rate-cutting playbook,’ J.P. Morgan tells clients—the evidence for a Fed cut just keeps piling up

With U.S. jobless claims surging and labor data revised sharply lower, markets see Jerome Powell locked into a September Fed rate cut despite sticky inflation.

Fortune

The 'godfather of financial independence' says young people should do two things to build wealth—and it's nothing 'silly' like buying a house

"That's what I tell my daughter, and that's what she's doing," JL Collins said, adding she now has "f--k you money" as a result.

Fortune

Opendoor's giant new CEO bet

The upside of Kaz Nejatian's pay package is massive. But so is the challenge in leading the struggling company.

Fortune

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Fortune

Over 36 billion pounds of good produce is wasted every year: A 'whole harvest' solution can help

Ivanka Trump and the Chobani CEO Hamdi Ulukaya have worked together for years to avert food waste and bring farmers’ surpluses to hungry families through partnerships, including Planet Harvest.

Fortune

More leaders are recognizing the 'power of small teams'

Also: All the news and watercooler chat from Fortune.

Fortune

Billionaire Barry Silbert says he hasn’t been this excited about a crypto project since discovering Bitcoin

“In the way that the internet was the world wide web of information, Bittensor is creating the world wide web of intelligence,” said Silbert during Fortune’s Brainstorm Tech conference on Tuesday.

Fortune

Why the song of the summer is nearly 30 years old—and what it has to do with Gen Z's nostalgic thirst for a '90's kid summer'

The Goo Goo Dolls' "Iris" is bigger than ever. It was first released in 1998, when many of its new fans weren't born yet.

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Fortune

Opendoor brings back its founders and welcomes a new CEO from Shopify—who could earn $2.8 billion if he sends the stock soaring

If Kaz Nejatian can clear all the performance hurdles in his compensation package, he’ll own 11.6% of the tech company.

Fortune

Why Ramp founder Eric Glyman tracks the age of his startup—to the day

Two thousand three hundred and sixty-seven days. Exactly.

Fortune

Blockchain lender Figure soars 30% after Nasdaq debut, nears $6 billion valuation

The IPO is the latest public offering from a crypto company.

Fortune

Congressional Budget Office says Trump's immigration crackdown will shrink U.S. population faster than expected, a threat to inflation and GDP growth

Economists have warned the president’s immigration policies could drive a labor shortage threatening to shrink U.S. GDP growth and amplify inflation.

Fortune

‘I haven’t had a good night of sleep since ChatGPT launched’: Sam Altman admits the weight of AI keeps him up at night

It’s the subtle, unseen ways ChatGPT rewires human behavior that scares Sam Altman most.

Fortune

Expert biochemist says a daily exercise that takes less than an hour is the 'gold standard' for reversing your age by decades

Dr. Rhonda Patrick champions the Norweigan 4x4 protocol, but she says "you can't just start doing it right out the gate."

Fortune

Gemini’s IPO muddied by Winklevoss feud with Trump nominee

CFTC nominee Brian Quintenz surfaced private messages with the brothers after they tried to block his appointment.

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