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The Latest Breaking News from Fortune

Presidential visits to the Fed in the past have been endorsements of its independence—Trump's visit today? Not so much

Previous presidential visits to the Fed symbolized respect for its independence. Trump’s stop comes after repeated attacks on interest rate policy and a public clash over renovation costs, raising fresh concerns about political pressure on the central bank.

Fortune

‘Risk-on’! Stocks bounce as EU and Japan trade deals give markets the certainty they crave

The TACO trade (Trump Always Chickens Out) appears to be in full effect, for anyone who was long on stocks.

Fortune

Homeowners are pouring their equity into renovations because there's 'no incentive' to sell in today's housing market

The days of buying a dream home are over but the home renovations market is barreling ahead.

Fortune

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NIQ CEO on going public: ‘We’re sitting on a goldmine of data. We cover 85% of the world’s population’

Also: All the news and watercooler chat from Fortune.

Fortune

AI's voice mimicking software is so powerful that a terrified Sam Altman just warned the Fed about a 'fraud crisis' around the corner

In a wide-ranging interview with Fed governor Michelle Bowman, Altman talked about what "terrifies" him about the crisis coming "very, very soon."

Fortune

How Olive Garden is able to afford giving away unlimited breadsticks

The company’s “never-ending” first course started in the 1980s.

Fortune

“Whenever we see a small company with a good idea, we’re on fire”: How M&A and innovation keep L’Oréal ahead in global beauty

Barbara Lavernos, L’Oréal’s deputy CEO, tells Fortune how the company stays ahead in product development—launching 3636 new formulas in 2024 alone.

Fortune

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Elon Musk says Tesla will start adding vehicles it doesn’t own into its robotaxi network next year

The Austin-based EV company is still working on taking safety drivers out of the passenger seats and expanding into new cities.

Fortune

Elon Musk wants more control of Tesla so activist investors can’t boot him—but not so much the board can’t fire him if he goes ‘crazy’

He said his ownership stake is "a major concern," noting he hoped the Tesla board addresses the issue at its annual shareholder meeting in November.

Fortune

Tesla misses Wall Street expectations on revenue, earnings per share in second quarter earnings

Wall Street analysts had entered the earnings season with low expectations for Tesla. It underachieved.

Fortune

Podcast, policy, and pomp in D.C. at the surreal celebration of Trump’s AI Action Plan

David Sacks, Trump’s AI czar, shared the stage with his cohosts from the All-In podcast on Wednesday, walking through various elements of the new 28-page AI Action Plan.

Fortune

World Economic Forum founder Klaus Schwab and his wife cashed in on Davos with over $1 million in questionable travel expenses, investigation finds

Schwab started the WEF, which transformed Davos into a hub of networking and diplomacy, in 1971.

Fortune

The CEO of Southeast Asia’s largest bank knows even her job is at risk from AI

“If I can be replaced by AI, so can everything else!”

Fortune

China bets on robotics and an open-source approach to get an edge over U.S. AI

The U.S. and China are taking vastly different approaches to AI development.

Fortune

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Fortune

‘Intelligence too cheap to meter’ is AI’s next frontier, Sam Altman says

“There are cases where entire classes of jobs will go away,” Altman said on a panel at the Federal Reserve, while predicting “entirely new classes of jobs that will come.”

Fortune

Millennials are officially the majority of managers—so get ready for a combination of burnout, buddy vibes, and boundary issues

Emotional intelligence is an expectation of managers now, said Daniel Zhao of Glassdoor, and millennial managers are “stuck between a rock and a hard place.”

Fortune

Businesses in the age of AI have to rethink how they manage talent: ‘You protect the worker … you don’t protect the job itself’

Hiring experts at Fortune Brainstorm AI Singapore discuss job skills, automation, and whether hiring is becoming “an LLM talking to an LLM.”

Fortune

The billionaires and CEOs panicking about Zohran Mamdani are wrong about Gen Z

Young people aren’t anti-capitalist. They’re just sick of corporate hypocrisy.

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Fortune

The CEO of this $2.4 billion wellness app ditched Harvard Business School and a McKinsey career to bring calm and exercise to corporate America

Cesar Carvalho, cofounder and CEO of corporate wellness platform Wellhub, flies planes in his free time and doesn’t believe in work-life balance.

Fortune

Elon Musk's Tesla Diner is a next step in the beleaguered EV-maker's plan to create an 'all-encompassing brand,' analyst Dan Ives says

The CEO is already eyeing expansion for his Tesla Diner dishing merchandise and food served by Optimus robots.

Fortune

Halo Sports & Entertainment CEO Gillian Zucker spends her days figuring out how to 'make people's jaws drop'

"Our goal every single day, is to just be better than we were the day before," Zucker told Fortune.

Fortune

Adobe's CTO is getting more creative on the software maker's approach to generating 'safe' AI tools

Adobe's Firefly ensures AI-generated content is commercially safe, but new deals with OpenAI show it's now embracing a more expansive view on creativity.

Fortune

After canceling Colbert for ‘financial’ reasons, Paramount pays $1.5 billion for South Park streaming rights

“Oh my God, they killed Stephen!”

Fortune

Multimillionaire ‘The Office’ star still worked part-time at a theater box office and drove a Honda while filming season two of the sitcom

Angela Kinsey may be a millionaire today, but the actress worked two jobs during the early years of “The Office” and drove a Honda to work.

Fortune

OpenAI’s international managing director explains how the ChatGPT developer thinks about AI and search

AI agents are what’s driving OpenAI’s interest in search, noted managing director for international Oliver Jay at Fortune Brainstorm AI Singapore.

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