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The Latest Breaking News from Fortune

Damn the torpedoes — More ships are quietly slipping through the Strait of Hormuz as helicopters scare off Iran's fast-attack boats

To sail through the strait without being detected by Iran, many ships are turning off their Automatic Identification Systems.

Fortune

Warren Buffett's son Peter didn't know his dad was a billionaire until his 20s—he found out from a rich list

Peter Buffett, now 68, says he laughed when he spotted his father on the list of the richest Americans—and his friends were just as shocked as he was.

Fortune

'Don’t be yourself' in the workplace, actually, Columbia professor says. Here’s why authenticity is 'overrated'

In the ongoing debate about balancing one’s personal and professional lives, Tomas Chamorro-Premuzic says “being yourself” isn’t a good enough leadership strategy.

Fortune

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Ex-Applebee's exec was told she’d never be CEO—she bought the chain and fired her naysayer: ‘We don't need two of us, so I'm gonna have to let you go’

Multimillionaire baby boomer Julia Stewart grew IHOP’s business and got back at her former employer after being denied the top role.

Fortune

Ex–Google CEO Eric Schmidt warns U.S. tech workers: Competing with China’s grueling 12-hour workdays means sacrificing work-life balance

Schmidt, who served as CEO from 2001 to 2011, has some thoughts on the China-style “996” work ethic.

Fortune

As part of her Citi turnaround, Jane Fraser cut management layers from 13 to 8. But the ‘great flattening’ doesn’t always work as intended

From Meta's 50-to-1 reporting ratios to Coinbase's latest layoffs, CEOs are racing to flatten their org charts. The results aren't always what they expect.

Fortune

I worked with Steve Jobs at Apple, where every OS update killed startups. AI founders are about to face the same thing

Mill CEO and Nest co-founder Matt Rogers watched Apple render startups obsolete overnight. He says the same dynamic is playing out in AI — and the survival playbook looks familiar.

Fortune

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Nvidia CFO Colette Kress: 'AI is no longer a nice-to-have'

The tech giant sees $3 trillion to $4 trillion in global AI infrastructure spending by the end of the decade.

Fortune

The AI economy could crash on mounting chip costs — and those token costs won't help

Soaring GPU prices, debt-funded chip deals and an agentic token explosion — the cost of the hardware and compute powering AI could be what breaks it.

Fortune

Delta has trained its passengers to pay premium prices. Here's how it plans to get even more from them

The airline’s success with premium travelers has reshaped its business—and as rivals catch up, Delta is doubling down on luxury offerings, loyalty, and new revenue streams beyond ticket sales.

Fortune

TIAA CEO Thasunda Brown Duckett is trying to fix America’s broken retirement system

After watching her father nearly miss out on a secure retirement, Duckett is pushing Americans to secure a guaranteed income for life.

Fortune

Gen Z is rejecting $200 dates and choosing 'solo-maxxing'—and dating apps are taking a hit

As date-night costs near $200, young people are reframing single life as a deliberate, lower-cost, lower-stress lifestyle they call "solo maxxing."

Fortune

Arianna Huffington says she hates the word balance: ‘If you can finish everything before you go to sleep, you don't have an interesting enough job’

Huffington Post founder Arianna Huffington warns Gen Z: 'If you can finish everything before you go to sleep, you don't have an interesting enough job'

Fortune

The Pope and Anthropic agree: AI Companies cannot govern this alone

A Harvard fellow and former financial intelligence chief argues the right model for AI governance isn't nuclear arms control — it's the global framework that brought down ISIS financing.

Fortune

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Fortune

When loyalty is rewarded: Top earners who stay in their jobs get much larger pay increases than those who switch

The benefits of job hopping may be slowing down, but it still can pay off for younger workers.

Fortune

Surging Treasury yields expose a brutal truth: America has no margin for error on its $31 trillion debt

America must refinance $10 trillion in debt over the next year. Rising Treasury yields could make that a catastrophe.

Fortune

Asana was battered by the AI age. Now it's betting its future on a pivot to AI agents.

Nine months in, CEO Dan Rogers is betting a $75 million acquisition of AI agent builder Stack AI can reposition the company for the AI era.

Fortune

Russia warns war costs are ravaging its finances while Ukrainian 'drone overmatch' sends Putin's forces reeling in new phase of combat

Economic growth is also stagnating, with GDP expected to tick up just 0.4% this year, down from a previous view for 1.3%.

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Fortune

Trump floated the idea of a 15% government stake in massive railroad merger

Trump did not name any specific companies, but Union Pacific's pending acquisition of Norfolk Southern is the only known railroad deal currently in progress.

Fortune

Pandemic relief loan fraud was a catalyst for America's broken housing market, study finds

The government may have spent billions subsidizing the lifestyle expenses of fraudsters.

Fortune

Exclusive: Microsoft is building a super app that combines coding, chat, and other Copilot AI tools

The project is being spearheaded by new Copilot chief Jacob Andreou, as Microsoft seeks to streamline its lineup of AI tools amid competition from Google, OpenAI, and Anthropic.

Fortune

Immigration restrictions don't boost native workers. They cut economic mobility for generations, study finds

A Cato Institute report found that immigration quotas in the 1920s actually harmed the economic prospects of native-born citizens.

Fortune

Anthropic leapfrogs OpenAI with a record $965 billion valuation, says Mythos is coming in weeks

The AI lab behind Claude has raised $65 billion at a $965 billion valuation, shipped a new flagship model, and signaled its long-withheld Mythos AI is nearly ready for the public—all in one day.

Fortune

Jamie Dimon tells Gen Z to 'learn how to think, learn how to earn respect' as he describes 'great meeting' with Zohran Mamdani

In a Fox Business apearance, the JPMorgan CEO offered graduating students a frank roadmap for success and gave the NYC mayor a polite but pointed warning.

Fortune

Conan O'Brien tells Harvard graduates to play down their $250K Ivy League degree—and instead embrace being humble and ‘bad at things’

Comedian Conan O’Brien said his Harvard education sometimes hurt his career—and now he’s urging Gen Z not to let a degree define them.

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