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The Latest Breaking News from Fortune

Character.AI bans teen chats amid lawsuits and regulatory scrutiny

The move follows lawsuits alleging Character.AI’s chatbots encouraged self-harm and ongoing investigations into child safety.

Fortune

America’s flatlining income growth is hitting Gen Z the hardest, throttling their shot at homeownership, JPMorgan report warns

“They're delaying home purchases because they need to climb further up their career ladder to be able to afford it all, and that career ladder is getting flatter,” one economist said.

Fortune

Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad

For the first time in modern history, the Fed cut rates without jobs data, acting amid a government shutdown, rising unemployment, and open pressure from the president, who wants Powell gone.

Fortune

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Why insurer Nationwide is investing $1.5 billion through 2028 on AI and other tech initiatives

The property and casualty insurance company has earmarked $100 million annually for AI, including training to get 90% of Nationwide's employees to use AI every day.

Fortune

Author Brené Brown on why human skills will keep people relevant in the AI era—even though we aren't good at being human right now

"There are so many skills that are not replicable...but we're not good at them," Brown told Fortune.

Fortune

MacKenzie Scott’s latest $60 million donation is a sign philanthropists are trying to fill the void from Trump’s cuts to FEMA

Philanthropy “cannot—and should not—replace government and its essential responsibilities,” CDP president and CEO Patricia McIlreavy told Fortune.

Fortune

These are the U.S. cities where Americans can actually afford to live on a single person's income—and the ones out-of-budget for singletons

To measure affordability, analysts used the rule that rent shouldn’t exceed 30% of income. In New York, that means nearly $4,000 a month for a studio apartment.

Fortune

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Governments are likely to pillage the $80 trillion Great Wealth Transfer to help balance their national debt burdens, says UBS

“It seems unrealistic to suppose that governments will just sit idly by as this wealth moves around. We would expect governments to attempt to mobilize that wealth to help fund their debt,” UBS chief economist Paul Donovan said.

Fortune

Gen Z is leading a blue-collar revolution as more Americans lose faith in college education

U.S. colleges are being questioned by the Trump administration, while citizens wonder if costly degrees are even worth it anymore, pushing Gen Z into blue-collar roles.

Fortune

Nvidia is officially the world’s first $5 trillion company. CEO Jensen Huang says it’s on track for ‘half a trillion dollars’ in revenue

Nvidia reached the $5 trillion threshold just three months after becoming the first company to hit $4 trillion.

Fortune

HKEX CEO: Stock exchanges must band together to stay relevant

“We’re entering a stage where exchanges are not really competing with one another, but working together,” HKEX CEO Bonnie Chan said.

Fortune

Chanel’s CEO went to Microsoft HQ and asked ChatGPT to show her a picture of her company’s leadership. They were all men in suits

Leena Nair said more than 75% of her company’s employees are female.

Fortune

AI doesn’t fail on tech—it fails on leadership

Moving beyond the AI hype cycle toward the autonomous enterprise starts with intentional leadership.

Fortune

UPS CFO on Amazon pullback and driving a growth strategy

Brian Dykes explains why UPS is prioritizing profitability over volume, and how refocusing its network is delivering results.

Fortune

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Fortune

Startup Hercle raises $10 million build out stablecoin-based global money transfers

The firm uses stablecoin technology to help payment providers and commodity traders send money around the globe.

Fortune

You can expect a 25 bps cut from the Fed, says Wall Street, but little economic insight from Powell—after all, he doesn’t have much to go on

“Chair Powell’s press conference will pivot away from economic data—given its scarcity—and instead focus on balance sheet policy, the policy framework review, and financial stability,” Deutsche Bank says.

Fortune

Wall Street is in a risk-on mood as it waits for Powell to deliver on the ‘Fed put’

“Earlier this month, markets shifted more towards a ‘central bank put’ regime,” Christian Mueller-Glissmann at Goldman Sachs wrote in a note to clients.

Fortune

In a world of crypto and ‘exotic instruments’, traditional exchanges are thinking about how they ‘stay relevant’

At the Fortune Global Forum in Riyadh, exchange heads trade notes about uncertainty, new competition, and Labubu.

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news in one place.

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Fortune

Everyone thinks AI is replacing factory workers, but Amazon’s layoffs show it’s coming for middle management first

As Amazon slashes 14,000 white-collar roles and the U.S. approaches a million job cuts this year, AI’s first major labor casualty might be emerging.

Fortune

Real estate CEO says the luxury industry is all about one thing: a 'return on ego'

DarGlobal CEO Ziad El Chaar sees co-branded real estate—what he calls the “limited edition of real estate”—as both a cultural anchor and a magnet for the world’s elite.

Fortune

The Hollywood blueprint holds the key to reshaping organizations in the age of AI

The Hollywood model of work is a refreshing alternative to the rigid structures of the industrial era.

Fortune

Saudi Arabia is now a nation of city-dwellers, and 'cities don't lie,' says urban development leader

Also: All the news and watercooler chat from Fortune.

Fortune

How Bupa’s CEO Iñaki Ereño woke a sleeping giant—and set a 100,000 strong workforce running toward digital health

How Bupa’s CEO balances triathlons, technology and the transformation of global health.

Fortune

Europe's giants still rule as startups struggle to crack the Fortune 500 Europe

Every company in the Fortune 500 Europe top 10 has roots from before the Second World War. The oldest, Banco Santander, was founded in 1857.

Fortune

Saudi power chair: Tariffs weaken the global energy transition and hurt humanity

The world must embrace renewable energy, natural gas, nuclear, and more to truly power the world into the energy transition, Mohammad Abunayyan said.

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