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The Latest Breaking News from Fortune

Health care spending is surging just as Trump’s tax cuts cripple its funding

Health spending is eating up a growing share of the government’s shrinking budget.

Fortune

Bitcoin fans latch on to ‘ridiculous’ Jane Street conspiracy to explain price slump

The secretive Wall Street trading firm appears to be the latest scapegoat for crypto believers seeking a villain.

Fortune

Citadel Securities demolishes viral AI doomsday essay, arguing the real ‘Global Intelligence Crisis’ is ignorance of macro fundamentals

So you’re spooked by a viral essay. How about, I don’t know, looking at the data?

Fortune

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Remote employees have quietly unlocked one major workplace perk: Getting paid 12% more than their in-office colleagues, Fed study finds

The biggest remote-work winners in France are already high-paid senior employees able to persuade their bosses to let them stay home, new research reveals.

Fortune

Anthropic’s Dario Amodei says he spends up to 40% of his time on company culture, not products, because it’s the only thing that will win the AI race

Amodei said constant communication and avoiding “corpo speak” are key to his method.

Fortune

Trump claims America is ‘winning so much.’ The IMF agrees, adding that Trump’s trade policies are the only thing holding it back from even more

The best time to chip away at the national debt and balance the budget is now, when the economy is strong, says the IMF. Trump’s trade tariffs are making that difficult.

Fortune

Bitcoin rides Nvidia wave to spike above $70,000 before pulling back

The tech giant reported earnings on Wednesday, causing volatility in both crypto and traditional indexes.

Fortune

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Forget the STEM safety net. Peter Thiel warns AI is a bigger threat to technical roles than to creative thinkers

A new LinkedIn report supports some of the billionaire’s predictions, showing that job postings mentioning “storytellers” doubled over the past year.

Fortune

Perplexity’s CEO steps Into the AI agent conversation with Computer

After months of silence, Aravind Srinivas explains what Perplexity has been building—and why now

Fortune

Despite the constant ‘job apocalypse’ warnings, computer science graduates are actually on track to earn $81,000 right out of college

New data suggests that fears about the demise of computer science majors may be overblown—with demand outpacing MBAs and starting salaries growing year over year.

Fortune

By Tesla's own math, it reveals that its robotaxis are 4x worse at driving than humans, with redactions hiding even more details

By NHTSA standards, the Tesla Robotaxis are 8x worse than human drivers.

Fortune

MacKenzie Scott gave away $7.2 billion in just one year. That’s more than Jeff Bezos and most other billionaires have donated in their lifetimes

Jeff Bezos, the world’s fourth-richest man, has donated only one-fifth of what his ex-wife has. Her giving last year is more than his over his lifetime.

Fortune

Rolex has just opened a trade school for watchmakers in Texas. Already competition is as fierce as Harvard’s, and students could walk out with $95,000 jobs

Rolex is training college dropouts and disillusioned office workers to become watchmakers. More than 560 people applied for just 27 spots in 2024—a 4.82% acceptance rate, close to Harvard’s.

Fortune

The great (small business) wealth transfer: McKinsey sees $5 trillion of baby boomer companies coming up for sale over the next decade

Move over, Great Wealth Transfer. The McKinsey Institute for Economic Mobility sees the next decade as make or break for the Great Ownership Transfer.

Fortune

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news in one place.

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Fortune

The remote work fight isn’t over: Workers are willing to take a major pay cut, up to 25%, Harvard study shows

Harvard, Brown, and UCLA researchers found workers would be willing to take a massive pay cut to work from home.

Fortune

Everything’s fine, FIFA’s Infantino insists with Mexico aflame with violence: ‘We have complete confidence’

The violence that erupted in Mexico after the death of a powerful drug lord has left many questioning whether the country will be able to co-host the World Cup in just over three months. FIFA President Gianni Infantino thinks it can. “Of course, we are monitoring the situation in Mexico…

Fortune

Come 2030, the U.S. deficit will be worth 5.9% of GDP—more than the outlays for Social Security, and equal to spending on major health programs

Come 2030, the annual deficit will be worth roughly 5.9% of GDP, on par with provisions set aside for health and Social Security programs, and well ahead of calls to reduce deficits to 3% of GDP.

Fortune

'The Pitt': a masterclass display of DEI in action

"The Pitt" transforms DEI from something far beyond a moral imperative: nothing less than the difference between life and death.

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Fortune

Meet your new robot fry cooks: Inside the $28 billion race to disrupt White Castle and Jack in the Box

Miso Robotics’ Flippy slung chicken tenders and Tater Tots at Dodger Stadium, and CEO Rich Hull has bigger ambitions for the tech.

Fortune

Nvidia's record quarter and what it signals for CFOs: 'Compute equals revenue'

As hyperscalers pour billions into AI, Nvidia’s results offer a new benchmark for capital spending on compute.

Fortune

Crypto trading platform raises $30 million from CMT Digital and Kraken

The fundraise for STS Digital, whose product is aimed at institutions, also included Arrington Capital and an investment arm of Fidelity.

Fortune

Senator opens inquiry into Binance over allegations it fired investigators who flagged that more than $1 billion flowed to Iranian entities

The probe comes after a Fortune investigation raised questions about the crypto firm’s compliance program.

Fortune

Trump didn’t mention the $38.8 trillion national debt once in his State of the Union, but 90% of voters are worried

“Kitchen table cost-of-living issues” are top of mind right now, the Peter G. Peterson Foundation says, and voters connect them to the spiraling national debt.

Fortune

‘I sell millions of Halloween costumes to Americans. Here’s my take on tariffs’

Why President Trump’s tariffs may not be the boon for reshoring he imagines.

Fortune

AI capex and the ‘wealth effect’ from tech stocks (like Nvidia) now drive one-third of U.S. GDP, top analysts say

“That would leave the economy vulnerable if investors started to doubt the AI story,” they warn.

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