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The Latest Breaking News from Fortune

IPOs are back. Where are the women?

An analysis of IPO-related filings from the first two weeks of August show an alarming lack of gender diversity.

Fortune

How Chili's and Cheesecake Factory are defying consumer gloom and beating McDonald's and Chipotle at their own game

Chili’s reported a 24% jump in same-store sales in its most recent earnings report.

Fortune

Housing shrinkflation is here to stay. New homes are 11% smaller but 74% more expensive than a decade ago

The “death of the hallway” continues.

Fortune

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Apple will imbue iPhones with a nifty holographic effect, offering the biggest clue yet as to where the company is headed

Apple is training people to expect depth and dimension everywhere.

Fortune

How GoodRx CEO Wendy Barnes is trying to halve the cost of GLP-1 obesity drugs

Also: All the news and watercooler chat from Fortune.

Fortune

Workers are ‘job hugging’ in a stagnant labor market, but growing resentment means they could bail as soon as the next Great Resignation comes

More employees plan to stick around in their current jobs, despite growing economic concerns stoking resentment toward employers.

Fortune

Kumail Nanjiani says Elon Musk did not like HBO's 'Silicon Valley': 'He was like, all the parties I go to are much cooler than these parties'

In 2018, Musk vigorously denied he had attended a “sex party,” saying he thought it was just a costume party.

Fortune

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Sam Altman admits OpenAI ‘totally screwed up’ its GPT-5 launch and says the company will spend trillions of dollars on data centers

Altman also said that he thinks we’re in an AI “bubble.”

Fortune

Duolingo CEO admits his controversial AI memo ‘did not give enough context’ and insists the company never laid off full-time employees

After receiving backlash for a staff memo posted on LinkedIn, the Duolingo CEO is clarifying that full-time roles are safe.

Fortune

Soho House goes private in $2.7 billion deal as Ashton Kutcher joins the board of the swanky members’ club

Founded in 1995, Soho House has never turned a profit.

Fortune

Novo Nordisk slashes price of Ozempic in half to $499 for cash-paying, eligible U.S. patients

The previous out-of-pocket price was nearly $1,000.

Fortune

Ex-Google exec says degrees in law and medicine are a waste of time because they take so long to complete that AI will catch up by graduation

“Higher education as we know it is on the verge of becoming obsolete,” the former Google AI leader told Fortune.

Fortune

Massive AI spending has a ‘crowding out’ effect that could slow other sectors, top economist says

“We’re notoriously undersupplied in our housing market. Does that mean it’s going to be even more difficult for us to build homes?”

Fortune

Even if you can’t trust the data, these 13 warning signs will tell you the economy is in trouble

The telltale signs are rarely hidden.

Fortune

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news in one place.

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‘Quiet cracking’ is spreading in offices: Half of workers are at breaking point, and it’s costing companies $438 billion in productivity loss

Thanks to AI and disappearing career growth, staffers are silently but massively disengaging with their employers. Welcome to “quiet cracking.”

Fortune

Canada Goose's 'nepo baby' boss avoided printing CEO on business cards for 10 years after taking over his grandfather's business at 27

When Dani Reiss was promoted to Canada Goose’s top job at age 27, he couldn’t bring himself to proudly print his shiny new CEO title on paper.

Fortune

Words like ‘DEI’ and ‘gender’ are sharply declining in corporate filings

Use of the word “DEI” declined 68% from 2024 to 2025 in the major filings of the largest U.S. public companies. Words like words “diversity,” “racial,” and “gender” didn't fare so well either.

Fortune

Wall Street is banking that Powell will signal a rate cut at Jackson Hole—but the closer it gets, the less likely it looks

Markets bet on a September Fed rate cut at Jackson Hole, but sticky inflation, Trump tariffs, and Powell’s framework review could derail expectations.

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news in one place.

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Fortune

MIT report: 95% of generative AI pilots at companies are failing

There’s a stark difference in success rates between companies that purchase AI tools from vendors and those that build them internally.

Fortune

Inside the battle between the old guard and the upstarts for the future of the financial system

Fintech and crypto companies are teaming up in a fight for open banking rules.

Fortune

Target’s CEO succession tilts toward an insider and company lifer

Target appears to have its next CEO waiting in the wings.

Fortune

Pop culture and politics are intertwined in the age of Trump. Just look at the Paramount-Skydance merger

Also: All the news and watercooler chat from Fortune.

Fortune

Dow futures rise as updates this week from the Fed and top retailers will test Wall Street's big rally

Fed minutes are due, and top retailers will report earnings in the coming week. But the main attraction will be Jerome Powell's speech on Friday.

Fortune

Fed Chair Jerome Powell may seriously disappoint Wall Street at Jackson Hole

“It will be difficult for policymakers to tease out one-off tariff effects from longer-lasting inflationary pressures.”

Fortune

We still aren't sure what's going on with tariffs and inflation — or what will happen next

"Despite this firmness, the tariff pass-through effect on consumer prices arguably has been less bad than expected so far."

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