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The Latest Breaking News from Fortune

Oil markets are bracing for $100 barrels and a redux of a 1970s-era crisis but 'three times the scale,' analyst warns

U.S. gas prices rose 40% as a result of the 1973 oil shock, and prices at the pump are threatening to increase again as a result of the U.S. and Israeli strike on Iran.

Fortune

This boomer CEO became a Social Security advocate 15 years ago. Trump's big tax cut 'did not help,' she says

“Very few at the very top gain more and more tax advantages…the lower and middle class aren’t really seeing a benefit,” Martha Shedden told Fortune.

Fortune

OpenAI’s Pentagon deal raises new questions about AI and surveillance

Legal experts say it is unclear if OpenAI’s contract actually provides for the restrictions on surveillance and autonomous weapons that the company says it does.

Fortune

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‘That résumé goes right into the garbage’: Kevin O’Leary says it’s a ‘horrific signal’ for Gen Z to bring their parents to job interviews

A 2025 study showed 77% of surveyed Gen Z job seekers have brought a parent to a job interview.

Fortune

Iran doesn’t need sci-fi AI to pose a serious cyber threat

While there’s no public evidence Iran can deploy fully autonomous cyber agents, AI may already be accelerating familiar attacks against critical infrastructure.

Fortune

Anthropic’s Claude overtakes ChatGPT in App Store as users boycott over OpenAI’s $200 million Pentagon contract

Protest campaigns across Reddit and X may have helped drive users away from OpenAI.

Fortune

Tech giants see a cure for cancer in AI. But Eli Lilly’s CEO finds it ‘not particularly good’ at solving biology or chemistry problems

Eli Lilly CEO David Ricks said AI can’t quite solve complex scientific problems without advanced data.

Fortune

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How the war in Iran could ‘guarantee’ a global recession

How a waterway barely 30 miles wide could plunge the world into recession.

Fortune

A brief collapse in Bitcoin’s price echoes earlier geopolitical conflicts—but a rapid bounceback shows the long term impact of Iran strikes are unclear

The original cryptocurrency experienced more volatility as global conflict intensified over the weekend.

Fortune

Iran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy

That empire includes core industrial sectors like oil and transportation as well as banking, telecommunications, agriculture, medicine, and real estate.

Fortune

Social media companies are fighting the 'age verification trap' as collecting biometrics on kids violates privacy rights

Big Social is reaching its Big Tobacco moment as it regulations intensify and social media companies look to implement age verification methods on its platforms.

Fortune

Amid growing backlash, OpenAI CEO Sam Altman explains why he cut a deal with the Pentagon following Anthropic’s blacklisting

Altman admitted in an “Ask Me Anything” session on social media platform X on Saturday night that its deal with the Pentagon “was definitely rushed.”

Fortune

Blackstone CEO took home $1.2 billion last year after going ‘max everything’ with work—but he wouldn’t advise his children to put themselves under so much pressure

Blackstone cofounder Stephen Schwarzman says he put a lot of stress on himself as a young finance worker, and doesn’t want to see others burned out by daily “desperation” and “fear of failure.”

Fortune

Warren Buffett once admitted that selling McDonald’s shares was ‘a very big mistake.’ Today, they’d be worth over $10 billion

Warren Buffett once dumped millions of McDonald’s shares—and it turned into a multibillion-dollar investing lesson in patience.

Fortune

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HR won’t stop talking about skills-based hiring. So why isn’t it happening?

HR leaders say hiring by skills is the future. Many are ill-equipped to do it right.

Fortune

Tariffs meet oil shock: Corporate margins face a new squeeze

Tariffs and an Iran conflict–sparked oil shock are layering costs and uncertainty onto corporate finances.

Fortune

Is the media anti-tech—or just anti-crypto?

A new op-ed reflects a depressing trend by the press to portray technology in a poor light.

Fortune

Why Europe can lead in trusted, industrialized AI

As AI shifts from chatbots to autonomous agents, Europe has a once-in-a-generation chance to turn trust, regulation, and sovereign data into a multi-trillion-dollar enterprise advantage.

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Fortune

Forget the corporate ladder. This executive says a 'career lattice' got him to the C-suite

The executives who reach the C-suite fastest are often the ones willing to step off the obvious path.

Fortune

Trump’s action against Iran is yet another wobble for government debt, warns UBS

“President Trump indicated attacks could go on for four or five weeks, and there are already reports of a need to urgently replenish weapons stockpiles. That potentially adds to the fiscal deficit,” noted Paul Donovan of UBS.

Fortune

European markets slide as Iran ‘war trade’ joins the global AI ‘scare trade’

Opening this morning for the first working day since the military attacks this weekend, European stock markets slumped, and the price of oil and gas surged.

Fortune

Why Sequoia’s Alfred Lin isn’t worried about the SaaS-pocalypse

Despite fear-mongering about an AI-spurred economic crisis, Lin said that software remains a verdant area to invest.

Fortune

U.S. war with Iran forces CEOs to prepare for the worst—from rising energy prices to cyber attacks

Also: All the news and watercooler chat from Fortune.

Fortune

Stocks plunge in global selloff, but some on Wall Street are looking for assets that respond well to war

Wells Fargo’s Ohsung Kwon argued that traders should buy the dip.

Fortune

The electrician shortage is a threat to Big Tech’s ‘life or death’ race to build data centers—and an opportunity for Gen Z

By going all in on AI, tech companies like Meta and Microsoft are shaking up white-collar career paths—and creating a huge demand for new electricians.

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