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The Latest Breaking News from Fortune

Andreessen Horowitz’s crypto arm raises $2.2 billion for fifth venture fund, promotes CTO Lazzarin to general partner

The venture titan raised the capital despite an ongoing downturn in the crypto market.

Fortune

Solana firm Jito launches a consumer trading app months after raising $50 million

Jito has over $100 million in cash on hand, CEO Lucas Bruder told Fortune

Fortune

Kraken to let customers cash out crypto at MoneyGram locations in more than 100 countries

Once a legacy cross-border payments firm, MoneyGram has revamped itself to become more crypto-native over the past three years.

Fortune

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Exclusive: AI startup Vori raises $22 million to help grocery stores compete with Walmart and Amazon

With $500 million already processed through its platform, Vori is scaling fast as it targets underserved grocery operators.

Fortune

84% of S&P 500 companies have beaten earnings estimates this quarter—and these two words keep coming up

Despite stronger-than-expected Q1 earnings, executives are signaling caution.

Fortune

'Did we learn nothing?' Synchrony is hybrid, the Best Company to Work For, and puzzled by the return-to-office push

Brian Doubles, Synchrony CEO since 2021, told Fortune that "it takes years to earn trust, but you can lose it in seconds."

Fortune

'Any semblance of fiscal responsibility' was abandoned two decades ago, says budget watchdog, and challenges Congress to cut deficit levels by half

A 3% benchmark would require approximately $10 trillion in deficit reduction over the next decade, if the target is reached by 2036.

Fortune

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Clean energy's winning argument is the one it refuses to make

Why don't clean energy advocates talk about how it's cheaper than fossil fuels? Affordability, not morality, is the argument that can actually win.

Fortune

Sequoia-backed Astrocade raises $56 million to let everyone build games

Astrocade, launched publicly less than a year ago, already has about five million monthly active users.

Fortune

Supermicro’s earnings call today takes place amid a probe that could be ‘fatal’ for the company

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

Fortune

A jittery CEO crowd at Milken looks abroad for growth—and answers

Also: All the news and watercooler chat from Fortune.

Fortune

Supermicro's co-founder allegedly smuggled $2.5 billion in Nvidia-chipped servers to China—now the whole company is under the microscope

The company will report financial results on Tuesday after disclosing it has launched an internal probe that could reshape its management and future with the Department of Justice.

Fortune

An AI ‘godfather’ says CEOs hyping job loss are 'extremely destructive'—and your kids are paying the price

Former Meta AI chief Yann LeCun said repeated job apocalypse warnings are making high school students depressed.

Fortune

I watched my father run his business through the Lebanese Civil War. Here's what it taught me about leading through disruption.

The leadership lessons forged in Beirut are exactly what business leaders need as the assumptions underpinning decades of growth come apart simultaneously.

Fortune

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Fortune

Top U.S. oil producer declares “green” light on drilling for more oil amid Iran war

Diamondback is the largest U.S. oil producer to hike spending and drilling as a result of the Iran war thus far.

Fortune

Starbucks CEO gets roasted for $9 'premium experience' remarks, but Wall Street toasts his tariff-era turnaround strategy

Brian Niccol pitched a $9 cup of coffee as an affordable luxury that people don't mind "splurging" on. The internet didn't agree.

Fortune

'You could say the ceasefire has ceased': Iran is back on Wall Street's radar as oil prices spike 6%

The U.S. and Iran traded shots, while the UAE was slammed by drone strikes.

Fortune

China stopped issuing new robotaxi licenses over a glitch. America can't stop them from rolling into active shooter situations

As robotaxis rack up incidents with zero federal consequences, new research finds more states are passing laws to get Americans to drive less.

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Fortune

Trump’s former AI czar says the quiet part out loud on the economy: ‘Stopping progress in AI would be equivalent to halting the US economy’

With across-the-board job growth yet to materialize, AI investment is propping up economic activity.

Fortune

Investors endorse Greg Abel—even as Berkshire crowd thins without Buffett as CEO. ‘This was definitely the meeting with the deepest insights’

Longtime investors say any concerns about the transition from Buffett to Abel are now put to rest.

Fortune

GameStop wants to buy eBay for $56 billion. Wall Street has one big question

Ryan Cohen says a tie-up could turn eBay into a company worth hundreds of billions, but analysts are cautious about rocking the boat.

Fortune

The dark side of the American work ethic: widespread sleep deprivation, linked to obesity, depression, even early death

“Rise and grind” culture is a public health nightmare that could be costing the U.S. more than $400 billion a year.

Fortune

BofA throws cold water on AI apocalypse panic: 60% of today's jobs didn't exist in 1940

AI will reshape 840 million jobs, BofA says. That’s not the same as destroying them.

Fortune

America is lucky it’s no longer a manufacturing powerhouse—it’s what’s protecting the U.S. economy from the worst of the oil shock, top economist says

The U.S. has lost 35% of manufacturing jobs since its 1979 peak. Cornell economist Eswar Prasad said that’s not necessarily a bad thing.

Fortune

Goldman: AI will save the economy someday. First, it has to stop inflating it

The AI productivity boom hasn't quite arrived yet, but the inflation from building it has. Maybe Gen Z is onto something with their AI rebellion.

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