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The Latest Breaking News from Fortune

Manufacturing won’t save rural America—but one policy just might, says one of America’s most provocative economists

“We could do everything national conservatives hope to do for America’s non-college males, but through building, not factories,” economist Bryan Caplan told Fortune.

Fortune

How crypto’s top lobbyist persuaded lawmakers—and President Trump—to embrace the blockchain industry

Longtime D.C. veteran Kristin Smith on crypto’s political crusade and what comes next.

Fortune

The real problem gripping rural America and the jobs of the future: A sitdown between Mike Rowe of 'Dirty Jobs' and a top labor analytics CEO

America isn’t short on jobs—it’s short on workers. As AI reshapes the economy, the Great American Worker must become an AI-enabled superworker.

Fortune

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Monetary policy is not about interest rates, it's about the money supply

By ignoring the quantity theory of money and employing neo-Keynesian macroeconomic models, central bankers are often wrong-footed.

Fortune

New Target CEO, a former CFO, ‘must prove he’s not just another insider,’ executive recruiter says

Michael Fiddelke will become chief executive on Feb. 1, 2026.

Fortune

CEOs at America’s 100 largest low-wage employers are paid 632 times as much as the average worker, study finds

From 2019 to 2024, average CEO pay at these firms climbed 34.7%, compared with just a 16.3% rise for their average worker pay. Inflation was 22.6% over the same period.

Fortune

Wall Street is scared that we’re looking at the end of the Fed’s independence

The bond market flinched yesterday, and stocks sold off.

Fortune

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Exclusive: Twin Health, metabolic health startup, raises $53 million Series E at $950 million valuation

Twin Health raised a $53 million Series E led by Maj Invest of Denmark, Fortune has exclusively learned.

Fortune

Starbucks’ CEO is ditching a merit system and giving all salaried staff a flat 2% pay raise instead

The coffee chain cited limiting costs during a turnaround effort as its reason for the modest pay bump.

Fortune

Gen Zer washed his college basketball team’s dirty clothes and mopped floors to prove his passion—now he’s one of the youngest interns ever at the NBA

Mocked as ‘mop boy,’ Daniel Sung turned a year of college basketball grunt work into a dream NBA internship, LinkedIn fame, and multiple startup offers at just 19.

Fortune

Beyond snubbing Tinder, Bumble, and casual flings, more than half of Gen Z is spending $0 monthly on dating, BofA finds

Gen Z’s economic anxiety—as well as disinterest in casual dating—has led many young people to spend little to nothing on dates.

Fortune

How Target let Walmart steal its rizz

Also: All the news and watercooler chat from Fortune.

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Southeast Asia’s ‘incredibly dynamic’ Islamic finance market is drawing in non-Islamic players

Mambu, an Amsterdam based, SaaS firm is banking on the region's younger people gravitating towards financial solutions that adhere to Islamic principles.

Fortune

Meta wants to speed its race to ‘superintelligence’—but investors will still want their billions in ad revenue

Mark Zuckerberg has hired a new AI all-star team, but Facebook, Instagram, and Ray-Bans are still getting most of the love.

Fortune

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Tesla shareholder group urges probe, ‘appropriate remedial action’ from Nasdaq over Elon Musk’s $29 billion pay package

The group’s letter argues that Tesla shareholders likely “did not believe they were voting on an equity plan that would cover compensation to Mr. Musk” all the way back in 2019.

Fortune

Sony will pass on tariff costs to U.S. consumers by hiking PlayStation 5 prices

The PlayStation 5 is currently the most popular gaming console in America.

Fortune

OpenAI’s chairman says ChatGPT is ‘obviating’ his own job—and says AI is like an ‘Iron Man suit’ for workers

Bret Taylor says computer programmers like himself may face an existential crisis.

Fortune

Why the NFL drafted Microsoft’s gen AI for the league’s next big play

The NFL and Microsoft announced a new multiyear partnership extension that includes the deployment of 2,500 Microsoft Surface Copilot+ PCs.

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Fortune

Target's incoming CEO started as an intern at the $44 billion retail giant 20 years ago—he advises Gen Z who want to copy him to 'embrace feedback'

What started as a summer placement in Target’s finance department two decades ago has turned into the top job for Michael Fiddelke. His advice for Gen Z interns? "Slow down and ask questions. Embrace feedback."

Fortune

The Great Resentment: Bosses are lording over workers as revenge for the Great Resignation when they had to hand out once-in-a-generation raises

Return-to-office isn’t just about collaboration, mentorship, and good vibes. It’s class struggle.

Fortune

Cape Cod is considering taxing luxury home sales of $2+ million to raise funds for the housing market's 'missing middle'

The region is one of the latest to introduce a mansion tax.

Fortune

AI anxiety has sent markets into a tizzy, but experts say the jitters will only ‘punish those chasing the froth’

“The crash is separating real AI revenues from companies that only have AI PowerPoints.”

Fortune

Billionaire Epic CEO Judy Faulkner built her $5.7-billion-a-year software firm in a basement. She says not getting an MBA was a ‘really good thing’

As Gen Z questions the value of a degree, Epic CEO Judy Faulkner says she has never been a fan of MBAs—and built a billion-dollar business without one.

Fortune

Target stock is down 64% over 4 years—and investors who were ‘hoping for an external CEO’ are disappointed by the choice of its next leader

New CEO Michael Fiddelke faces a major cleanup—and fierce competition.

Fortune

The exact salary the ultra-wealthy say they'd need to feel ‘comfortable’ in the current climate has been revealed—and it starts at $500,000

Just 20 years ago, those making $170,000 were considered to be upper-class—but America’s cost of living crisis is pushing up the threshold to feel financially comfortable.

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