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The Latest Breaking News from Fortune

Ethereum brushes record high after Fed chair says ‘balance of risks’ is shifting

Investors interpreted Jerome Powell’s remarks as evidence for September rate cuts.

Fortune

Cracker Barrel's first rebrand in nearly 50 years backfired. The company's stock lost nearly $100 million after introducing a more minimalist look

The restaurant chain has gotten heat, accused of going too woke.

Fortune

Thousands of Grok conversations have been made public on Google Search

More than 370,000 Grok chats have been indexed by search engines, exposing sensitive queries that include intimate medical and psychological questions, business details, and at least one password.

Fortune

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Elon Musk tried to court Mark Zuckerberg to help him finance xAI’s attempted $97 billion OpenAI takeover, court filing shows

Musk has taken up legal arms against Sam Altman’s OpenAI, not only trying to acquire it in a hostile takeover, but claim the startup breached its contract

Fortune

Sam Altman says colleagues are glad he’s a dad now, because they think raising a child will help him make ‘better decisions for humanity’

The OpenAI CEO and his husband, Oliver Mulherin, welcomed a baby boy in February.

Fortune

AI recruiters could be the unlikely solution to career catfishing, with job seekers admitting they’d rather interview with a bot

Bosses are at the mercy of catfishing: But new research suggests that respite may be on the way, thanks to AI,

Fortune

Warren Buffett and top CEOs say a college degree doesn’t matter. Here’s what really counts in hiring

Business acumen isn’t always learned in school. Just look at Bill Gates.

Fortune

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Winter is coming: U.S. will be most vulnerable to a recession late this year and early next as tariff and immigration fallout peak, top economist says

With the economy facing many threats, it wouldn’t take much to push it into recession, Mark Zandi warns.

Fortune

Canva’s billionaire founders are minting overnight millionaires with employee share sale

Past and present “Canvanauts” will be able to sell up to $3 million of their vested equity, an internal email says.

Fortune

Powell’s ‘unusual’ Jackson Hole remarks reveal he’s boxed in by Trump’s tariffs and deportations, risking a 1970s-style mistake, economist Slok says

If inflation starts climbing again after a rate cut, “the Fed will have to reverse course—and in the worst case, start hiking again,” Slok said.

Fortune

Ex-Applebee's exec was told she’d never be CEO—she bought the chain and fired her naysayer: ‘We don't need two of us, so I'm gonna have to let you go’

Multimillionaire baby boomer Julia Stewart grew IHOP’s business and got back at her former employer after being denied the top role. Spanx’s and FedEx’s founders also created billion-dollar companies after their business ideas were rejected.

Fortune

Gen Z want 'secure' jobs in healthcare—but this CEO left the industry after realizing he could make millions getting Americans to eat more fruit instead

A medical school grad walked away from a secure path in health care to build a $100 million snack company. Now he hires without even looking at degrees.

Fortune

Markets worldwide start going on a tear after Jerome Powell signals he’s open to a September rate cut

The S&P 500 looks like it will break a five-day losing streak.

Fortune

Kevin O’Leary flaunts his Louis Vuitton Labubu while hailing the resale market for collectibles—some of which are appreciating better than the S&P 500

O’Leary said some sports cards are potentially worth millions, part of an untapped alternative market.

Fortune

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Fortune

Moments after Jerome Powell’s latest speech, Trump threatens to fire Fed governor Lisa Cook if she doesn’t resign

Two days earlier, the suddenly embattled Fed governor Lisa Cook said she had “no intention of being bullied to step down.”

Fortune

Apple just indirectly boosted the value of its all-in-one subscription service

Apple hiked the price of Apple TV+ earlier this week, the third time it’s done so since 2019.

Fortune

China’s economic data is famously unreliable—and could be a warning if Trump meddles with the Bureau of Labor Statistics

Beijing “is really intolerant of economic instability, and so everything gets smoothed,” says Derek Scissors of the American Enterprise Institute.

Fortune

I'm the president of a $1 billion software unicorn and I've seen the 'Gen Z stare' disappear in healthy workplaces. It's a wake-up call for hospitality

That so-called stare isn’t a withdrawal; it’s a mirror.

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Fortune

Stop calling for ‘ambitious’ or ‘self-reliant’ workers in job ads—research suggests they’re on the list of words that’ll attract narcissists

Job ads hunting for “ambitious” and “self-reliant” employees may be doing more harm than good. In offices already riddled with backstabbing and micromanaging, these buzzwords could be a welcome sign for narcissists.

Fortune

AI isn’t a job killer, it’s a job shifter. We're one of the biggest employment agencies in the world and we can see where things are moving

We’ve been forecasting workforce trends for more than 70 years and AI is the cape, but humans are the superheroes.

Fortune

Dreamworks cofounder Jeffrey Katzenberg joins Kimbal Musk’s drone entertainment company

Nova Sky Stories is also raising $50 million from various investors, including Katzenberg’s tech investment firm, WndrCo.

Fortune

Saks Global is luxury’s last best hope

The combination of Saks and Neiman Marcus into a single entity represents one of the most significant developments in U.S. luxury retail in decades.

Fortune

Walmart’s CFO on competing for tech talent: 'You’re helping shape the future of retail on a massive scale'

Amid soaring e-commerce sales and rising tech salaries, Walmart is focused on the long term.

Fortune

Microsoft AI chief Mustafa Suleyman warns about ‘seemingly conscious’ AI

Forget doomsday scenarios of AI overthrowing humanity. Microsoft AI CEO Mustafa Suleyman fears the impact of AI that seems convincingly alive.

Fortune

Private equity dealmaking in aerospace and defense drops 32% in Q2, PitchBook says

PitchBook data shows a 32% year-over-year decline in aerospace and defense deal count, a drop the research platform links to tariffs and broader geopolitical uncertainty.

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