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The Latest Breaking News from Fortune

Hitting the 'GenAI wall': Where generative AI stops working, and what it means for your talent strategy

Companies that assume GenAI eliminates the need for expertise will hit the AI wall—and wonder why their workforce transformation has stalled.

Fortune

Snap CEO praises AI for writing two-thirds of the company’s code but warns fellow tech executives underestimate 'societal pushback' to the tech

A survey in March found only 26% of Americans had a favorable view of AI.

Fortune

The U.S. economy is booming — just not where 50 million Americans live

Economic opportunity in America has become dangerously concentrated, with just over 100 counties accounting for half of all U.S. job growth.

Fortune

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America at 250: immigration and the making of an innovative nation

The chairman of the Ellis Island Honors Society says we would do well to build an immigration system worthy of this legacy of immigration and innovation.

Fortune

Meta wants to spend more even after it lost $80 billion on the Metaverse and over 20 million users

Meta increased its capital spending by $10 billion because it “continued to underestimate” its compute needs, said its CFO.

Fortune

The national debt is the same size as the economy. It's a 'disturbing warning and a call to action,' watchdog says

A new bipartisan survey finds near-universal concern that the national debt is driving up everyday costs, as fiscal confidence hits a 22-month low

Fortune

Tim Cook's advice to Apple's next CEO: The most important decision he'll make is 'where he spends his time'

Apple introduced incoming CEO John Ternus to Wall Street on its quarterly earnings call—and forecast great results for Q3.

Fortune

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Meta’s threat to quit New Mexico ‘is showing the world how little it cares about child safety,’ AG says

On May 4, Meta and New Mexico square off in court over injunctive relief requested by the NM Attorney General.

Fortune

‘This is not normal’: Former Fed economist sounds alarm on Kevin Warsh after one-sided confirmation

Claudia Sahm worked with Warsh when they were at the Fed but doesn’t know him personally. She told Fortune that his disrespect for Democrats was striking.

Fortune

Wind energy executive says company ‘must adapt’ as Trump offers $2 billion to kill offshore wind projects

“My goal is to not let any windmill be built. They’re losers,” Trump said to oil executives in January.

Fortune

Big Tech is about to spend $700 billion on AI this year. No one knows where the buildout ends.

The hyperscalers are pouring unprecedented capital into chips, data centers, and power—but investors remain split on how long the surge can last.

Fortune

China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard

The USGS estimates there’s 2.3 million metric tons of lithium oxide untapped in parts of Appalachia.

Fortune

Record heat, zero rain, millions of acres lost: Experts warn wildfires are now America’s problem to survive

This year already promises to be a “historic” one for fires, immediately testing Trump’s new firefighting strategy.

Fortune

GM just boosted its U.S. manufacturing spend to $6 billion in one year—and it may be returning to the idea that made it great

GM used to say, “A car for every purse and purpose.” Now, SVP Mike Trevorrow tells Fortune, “we have a wide variety of vehicles for everyone.”

Fortune

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America shot its arsenal empty in 2 wars. Now it needs Beijing's permission to reload

The Iran and Ukraine conflicts have drained U.S. missile stockpiles — and restocking requires rare earth materials that China controls with an iron fist.

Fortune

Your laundry bill is about to get more expensive—and Unilever says the Iran war is partly to blame

“There will be frequent price increases, but in small doses,” Unilever CFO Srinivas Phatak told analysts on Thursday.

Fortune

AI may hurt young workers, but it's helping boost retirees’ portfolios

AI can be “incredibly dangerous” for Gen Z, wealth advisor Jonny Jonson told Fortune, but “actually great” for older workers’ portfolios.

Fortune

High earners are feeling the pain of wealth creep—and it's led to a new trade-off in their spending

Some high earners are skipping their morning latte and putting that money into things they value more, like vacations, restaurants, and concerts.

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Fortune

Half of Google's and Amazon's 'blowout AI profits’ came from a stake in Anthropic—not from their actual business

Anthropic is the secret sauce this earnings season, as unrealized gains on the private company are so powerful they're adding billions of shareholder worth to their partners.

Fortune

Why premium card perks are 'designed to create a win-win-win for everyone' including banks, brands, and users

As consumers hunt for savings, elite credit cards are leaning on partner perks that can help offset costs and turn rewards into household budgeting.

Fortune

Public schools in Texas banned cellphones. One district has already seen 200,000 more library books checked out

Library book checkouts at one Texas school district jumped nearly 25% just months after a cellphone ban—but for many Gen Z and Gen Alpha students, the literacy crisis may already run too deep to reverse.

Fortune

Multimillionaire hedge fund manager Bill Perkins says money should ‘drive your fulfillment while you're alive’—so he’s spending it all before he dies

Bill Perkins, the multimillionaire “Cowboy of Wall Street,” is enjoying his fortune with fine art, longevity treatments, and $16,000 gifts to friends.

Fortune

For the first time since World War II, America owes more than it produces—and a leading fiscal watchdog is sounding the alarm

“We’ve heard plenty of alarm bells in the past few years about our fiscal path,” said Maya MacGuineas of the CRFB, “but this one rings especially loudly.”

Fortune

Elon Musk likes Bitcoin—but he just told a jury most crypto coins are scams

The billionaire’s thoughts on crypto came up during the OpenAI trial

Fortune

Marriott CEO on why you have to defend both DEI and ICE's right to a hotel room: Dictating values is a 'bad place for the country'

Tony Capuano told Fortune that core values and a strong culture are "a great true north when you're trying to navigate these crazy times."

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