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The Latest Breaking News from Fortune

'Almost exactly offsetting the boost': Higher gasoline prices this year could wipe out tax refunds from Trump's One Big Beautiful Bill Act

Prices at the pump are almost a dollar more per gallon than a month ago following the U.S. strike on Iran and are poised to tick up even higher as the Strait of Hormuz remains closed.

Fortune

The CFO who turned Adobe's finance department into an AI lab

Dan Durn is auto-responding to 300,000 emails, slashing contract review times, and stress-testing earnings messaging with AI. His thesis: finance that doesn't adopt AI becomes a brake on growth.

Fortune

The U.S. has the world's most advanced military, but the unforgiving economics of wars in Iran and Ukraine show quantity has a quality all its own

"The future of warfare is Ukraine producing 7 million drones per year right now," former CIA director and retired Gen. David Patraeus said.

Fortune

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OpenAI cofounder says he hasn't written a line of code in months and is in a 'state of psychosis' trying to figure out what's possible

"I don't think a normal person actually realizes that this happened or how dramatic it was."

Fortune

United Airlines plans for oil hitting $175 a barrel and staying above $100 next year as industry faces worst shock since COVID

CEO Scott Kirby pointed out jet fuel prices have more than doubled in the last three weeks, representing an additional $11 billion in annual costs if prices stay at that level.

Fortune

The one skill that separates people who get smarter with AI from everyone else

New research from the NeuroLeadership Institute finds fluent AI users share a single cognitive habit — and it has nothing to do with tech skills.

Fortune

Dairy Queen CEO says he learned from Warren Buffett being the 'smartest person in the world' isn't the most important attribute for success

Other leaders like Melinda French Gates and Amex CEO Stephen Squeri have taken the former Berkshire Hathaway CEO's advice to heart in navigating business.

Fortune

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‘Godfather of AI’ says tech companies aren’t concerned with the AI endgame. They’re focused on short-term profits instead

“Researchers are interested in solving problems that have their curiosity. It’s not like we start off with the same goal of, what’s the future of humanity going to be?”

Fortune

Companies are now on the front lines of war. They need to act like it

Iranian drones hit U.S. data centers in the Gulf. For corporate security chiefs, it's a wake-up call that can't be ignored: your company is now a target.

Fortune

The Strait of Hormuz is the fourth large supply shock this decade. Welcome to the new era of global disorder

The Fed keeps calling these events bad luck. They aren't.

Fortune

Costco CEO promises the $1.50 hot dog isn't going away: 'The price will not change as long as I'm around'

The $1.50 combo hasn't changed since 1985. In a K-shaped economy where everything costs more, that's not just a deal—it's a statement.

Fortune

Covid gave us hybrid work. The Iran War might give us a 4-day week—and this time, experts say it could stick

As governments across Asia slash the working week to save energy amid the Iran War, workers have never been closer to a permanent four-day week—but it won't be for everyone.

Fortune

The entry-level job market is the worst it's been in 37 years. Stop blaming Gen Z

For the first time since the federal government started tracking data, college graduates have lost their employment advantage over workers without degrees.

Fortune

We’re at risk of a two-tier AI economy if we don’t bridge the AI gender gap, expert says

Women are more skeptical of AI. Their hesitation will make AI safer, says Harvard researcher Mara Bolis.

Fortune

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Fortune

Why Block's COO is tracking 'gross profit per employee'—and how AI is on track to double it to $2 million

Block's Amrita Ahuja explains what is driving gross profit per employee to record levels inside the company.

Fortune

Iran war is making the world a little less sweet as oil soars at the worst possible time for sugar

Harvest season in Brazil is about to begin, and cane farmers must decide how much goes to sugar and how much to ethanol.

Fortune

A man let ChatGPT sell his home. It beat every agent's estimate by $100K—and closed in 5 days

The technology assisted with everything from marketing and pricing to suggesting which walls to repaint.

Fortune

Three weeks into the Iran war that's requested $200 billion, here’s what success for Trump might look like

The top priority remains reopening the Strait of Hormuz after the military offensive achieves enough success to weaken Iranian capabilities.

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Fortune

How the closed Strait of Hormuz poses an existential threat to Asia’s economic engine

“Asia is at the heart of this drama."

Fortune

Tariffs were already squeezing small businesses. Now the Iran conflict is pushing them to the brink as rising oil prices boost shipping costs

Thin margins and limited reserves leave small businesses uniquely exposed.

Fortune

Kalshi locks in $22 billion valuation, gaining slight edge over its fierce rival Polymarket

The startup has doubled its valuation in about two months.

Fortune

It's looking like Trump's war created a private oil lane for China and other countries willing to play ball with Iran

President Donald Trump is sending thousands of Marines to the Middle East amid reports he is considering deploying ground troops to reopen the strait.

Fortune

Three Asias, three different playbooks: How PepsiCo’s Anne Tse views the world’s fastest-growing snack market

“By 2030, two‑thirds of the global middle class is going to be in Asia."

Fortune

Mark Cuban reads 1,000 emails a day—now he's using a Mac Mini to fight the AI-generated flood threatening his clean inbox obsession

A flood of AI-generated emails forced the billionaire to turn to his own AI to manage his inbox.

Fortune

Gen Z can’t afford a house. Some parents are choosing to fund their down payments over their college funds

Nearly three-quarters of parents are considering helping their kids buy a home amid the most dire market for first-time homebuyers.

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