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The Latest Breaking News from Fortune

Verizon will cut about 15,000 jobs after new CEO says ‘cost reductions will be a way of life for us here’

CEO Daniel Schulman, who formerly headed PayPal’s global transformation and Virgin Mobile’s $483 million sale, looks to turn around the telecoms giant.

Fortune

Meet Walmart's new CEO, John Furner: Once an hourly worker, he'll helm the top company in the Fortune 500

Furner said he learned the value of hard work from his grandfather, who was a farmer.

Fortune

Anthropic says its latest model scores a 94% political 'even-handedness' rating

Anthropic notes in a blog post that it has been training Claude to have character traits of “even-handedness” since early 2024.

Fortune

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Crypto market plunges as Bitcoin falls below $97,000

Another rough week prolongs crypto’s month-long slide.

Fortune

Trump’s tariffs are a $29 billion tax on Americans’ holiday shopping bills, Lending Tree says

The tariff regime will cost you an extra $132 for gifts this year, which could have "a real impact on many families," LendingTree's Matt Schulz says.

Fortune

There's still 'no evidence' China is buying all the U.S. soybeans it promised under Trump's trade deal amid oversupply from South America

"The door hasn’t closed yet for U.S. soybeans, but we’re getting very close to that point."

Fortune

China's unemployed Gen Z are proudly calling themselves 'rat people' and spending entire days in bed

Experts say the movement is a global 'quiet protest' against current job market and burnout.

Fortune

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Homeland Security secretary promises $10,000 bonuses for select TSA agents who worked during the government shutdown—but there’s a catch

The bonuses are only for workers who went ‘above and beyond,’ Kristi Noem said.

Fortune

This ‘hidden’ career path is in dire need of more workers—and it can pay Gen Z over $300,000 with no degree required

Six-figure salaries are within reach for Gen Z, but only if they’re willing to brave extreme weather, noisy tarmacs, and the smell of jet fumes.

Fortune

Billionaires are swapping art and cars for sports teams as their top 'trophy' investment, JPMorgan says

Three years ago, only 6% of billionaires had controlling stakes in sports teams. Now, that share has jumped to 20%.

Fortune

Hooters CEO says private equity turned it into a 'boys club hangout'—Now he's plotting a family-friendly makeover

“It's a beach-theme restaurant,” Neil Kiefer said.

Fortune

Why Genpact has an Agentic AI Officer and why she dislikes the term ‘human in the loop’

Jinsook Han says that AI agents, even more so than generative AI, have the power to truly make a difference for the company and its customers.

Fortune

Anthropic says it 'disrupted' what it calls 'the first documented case of a large-scale AI cyberattack executed without substantial human intervention'

"Attackers used AI’s 'agentic' capabilities to an unprecedented degree—using AI not just as an advisor, but to execute the cyberattacks themselves."

Fortune

Walmart CEO started his career unloading trailers at the warehouse—he says raising his hand led to his success

Doug McMillon, who just announced his retirement, helped Walmart retain its top spot on the Fortune 500.

Fortune

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Patagonia founder Yvon Chouinard says he's 'working harder than an 87-year-old should' but he's got no choice: 'the planet is in bad shape'

Patagonia published a "Work in Progress" report for its mission to save the Earth. There's just a problem: "the prevailing extractive model of capitalism."

Fortune

Tech execs admit AI is a bubble and they're pretty happy about it: 'We can't deny there's a ridiculous amount of investment going on'

71,000 startup founders, venture capital investors, and tech CEOs, gathered under literal storm clouds in Lisbon, Portugal, to discuss the future of AI.

Fortune

Housing affordability has gotten so bad that 15% of buyers are purchasing a home with a non-romantic co-buyer. ‘It’s like carpooling for homes’

Gen Zers and millennials are leading the charge on co-ownership in a historically challenging housing market.

Fortune

I had a front-row seat to AI's rise at Microsoft and SAP. Here's the billion-dollar blind spot everyone's missing

One Fortune 100 retailer I worked with had 15 years of customer interaction data but could only afford to process 30% of it.

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Fortune

Beyond the C-suite: companies expand use of company stock trading plans

10b5-1 trading plans were once offered mainly to the C-Suite and board. It's a more wide open world now.

Fortune

AI video has come for Hollywood. Is it ready?

It may bring to mind Napster and music labels. Or YouTube and TV. The latest chapter of tech vs entertainment is hitting Tinseltown.

Fortune

I was New York City's first female fire commissioner. It's time to stop asking women to 'fit the room' and just fix the room instead

After a historic night of “firsts” for women in Tuesday’s elections, The New York Times asked, “Did Women Ruin the Workplace?” It was familiar to me.

Fortune

Top analyst sees U.S. stocks underperforming the rest of the world over the next decade as 'superstar' AI stocks make forecast uncertain

Peter Oppenheimer's report only mentions the word "bubble" once, but it's the elephant in the room.

Fortune

Walmart CEO Doug McMillon to retire at 59 years old

John Furner, currently head of Walmart’s U.S. operations, will succeed McMillon as president and chief executive officer starting February 1, 2026.

Fortune

BlackRock's $2.5 billion tokenized money market fund gets boost with Binance tie-up

Institutional investors will now be able to use BlackRock's BUIDL token as collateral for trading.

Fortune

Solving hunger is America’s lowest-hanging fruit

Thomas Jefferson wrote to George Washington, “Agriculture is our wisest pursuit." But we’ve failed to ensure that our citizens can share in our abundance.

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