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The Latest Breaking News from Fortune

Welcome to the ‘E-shaped’ economy: Wealth gap is no longer between just higher and lower earners, the middle class is also struggling

A look at BofA’s data shows the shape of the consumer economy is no longer a “K.” If we’re sticking with the alphabet theme, one might suggest an “E” is emerging.

Fortune

Some folks on Wall Street think yesterday’s U.S. jobs number is ‘implausible’ and is thus due for a correction

Some analysts are worrying that the latest number might be wrong, and that the level of job creation in America is lower than the stats suggest.

Fortune

The CEO of Capgemini has a warning: You might be thinking about AI all wrong

Aiman Ezzat warns that AI FOMO could cost companies dearly if they treat it as hype instead of a true business transformation.

Fortune

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3 factors that will separate the 'SaaSpocalypse' winners from losers

Also: All the news and watercooler chat from Fortune.

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The godfather of AI predicts mass unemployment is on its way. This CEO warns even a 10% reduction 'will feel like a depression'

Khan Academy CEO Salman Khan predicts the AI revolution will hit the U.S. faster and harder than anyone is anticipating.

Fortune

Chinese platforms like Xiaohongshu look to Southeast Asia as the U.S. applies more scrutiny

In 2025, China’s trade surplus from digital services jumped to a record high of $33 billion, according to data from the State Administration of Foreign Exchange.

Fortune

Mark Zuckerberg is joining Jeff Bezos in Miami’s billionaire bunker: Take a look inside his portfolio

The Meta CEO has spent years accumulating luxury properties, including a secretive ranch with an underground shelter and a Lake Tahoe mountain retreat.

Fortune

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Trump's immigration curbs will help take 2.4 million people out of the workforce, but he's betting AI can pick up the slack

Can AI make up lost productivity from crashing fertility rates and shrinking immigration flows? Trump will certainly hope so.

Fortune

Every U.S. Olympian was promised a $200,000 payout, but how much they actually keep depends on where they live

Olympians will get a post-tax income boost ranging from about $48,350 to $73,146, according to a Fortune analysis based on today’s tax rates.

Fortune

TrumpRx is here and it helps, though a bit less than advertised

Trump's Republican Party continues to shift toward government market interventionism.

Fortune

Big Oil embraces exploration outside of the Americas again as Chevron enters Libya

American Big Oil is returning to countries in the Middle East, Africa, and beyond to find new sources of oil and gas.

Fortune

The Gen Z job nightmare is so bad that even billionaires are worried their kids won’t be able to keep a job, says wealth advisor to the 0.1%

It’s a “very real concern” for the ultrawealthy that their children aren’t prepared for the future, wealth adviser Tom Thiegs told Fortune.

Fortune

The 45-year decline of the middle class costs you $12,000 a year

Labor compensation as a share of U.S. gross domestic income has fallen to 51.4%, while corporate profits have soared since 1980.

Fortune

Bitcoin reportedly sent to wallet associated with Nancy Guthrie’s ransom letter providing potential clue in investigation

Meanwhile, authorities released surveillance video showing the alleged captor who remains at large.

Fortune

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Wall Street’s top analyst sees something weird going on with gold and interest rates, and warns inflation is rewriting market logic

“Investors are anxious about the level of returns they get in traditional assets,” Apollo chief economist Torsten Slok told Fortune.

Fortune

‘Nothing short of self-sabotage’: Watchdog warns about national debt setting new record in just 4 years

“Our nation’s deficits, debt, interest payments, and trust funds are all in terrible shape,” says Maya MacGuineas, president of the CRFB.

Fortune

Google's breakthrough in the Nancy Guthrie case is raising uncomfortable questions about how much it's watching you

The Nest video highlights growing unease around how much control the devices give law enforcement and tech companies.

Fortune

At 22, Olympic skier Eileen Gu is worth over $20 million. She’s juggling brand deals and sports with school. And she urges Gen Z not to wait until they’re ‘older’ to start

Olympian Eileen Gu is the fourth-highest-paid woman in sports, ahead of stars like Naomi Osaka and Caitlin Clark. Yet she’s still a student at Stanford University.

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Fortune

‘I’m not the dad, and I’m not the coach’: Meet the 54-year-old personal injury attorney stealing America’s hearts at the Olympics

A two-time U.S. champion, Rich Ruohonen has been curling since the fifth grade, starting on a Saturday morning at the St. Paul Curling Club in Minnesota.

Fortune

Google’s Nobel-winning AI leader sees a ‘renaissance’ ahead—after a 10- or 15-year shakeout

The first battle is science and solving disease, Demis Hassabis told Fortune. Next is the energy crisis, traveling the stars, and exploring the galaxy.

Fortune

Meet the serial CEO taking over Kroger: He started his career stacking supermarket shelves and went all in on retail at 17 thanks to his persistent mom

Greg Foran is now in charge of Kroger; he started working in retail at 17 after his mom sent a Woolworths job ad his way.

Fortune

Steelcase's CTO says the AI boom will reshape office design

The dot-com wave led to the embrace of open-floor concepts. As AI usage explodes, Steelcase's Steve Miller believes the office will need to be redesigned yet again.

Fortune

X-odus: Half of xAI’s founding team has left, potentially complicating Elon Musk’s SpaceX IPO plans

The company has lost two cofounders and six other AI researchers in recent weeks.

Fortune

America’s national debt borrowing binge means interest payments will rocket to $2 trillion a year by 2036, CBO says

Annual interest payments will double to $2.14 trillion by 2036, nearly double the yearly budget for spending on defense.

Fortune

‘The fiscal trajectory is not sustainable’: CBO warns about the highest debt in U.S. history as Trump adds $1.4 trillion to 10-year deficit

The national debt is set to surpass the historic high of 106% of GDP (which it reached in 1946) by 2030, according to the CBO.

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