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The Latest Breaking News from Fortune

DBS Group’s board tells its chief exec: 'Even the CEO’s job can be replaced by AI'

Also: All the news and watercooler chat from Fortune.

Fortune

AI might make workers faster, but not necessarily more productive: ‘They do it faster, then go for coffee breaks’

Accenture’s lead for its APAC Center for Advanced AI argues that reinventing work may be better for companies looking to adopt and leverage AI applications.

Fortune

Banks should stop using AI to ‘fire hundreds of people’—instead, they should use it to lend to low-income clients, says GFTN’s Sopnendu Mohanty

AI should be used to create “credible” data on customers, allowing them to borrow money without the need for collateral.

Fortune

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Dow futures rise on US-EU trade pact as investors brace for fast and furious week of earnings, China talks, Fed, GDP, jobs report, tariff deadline

Investors will not be able to look away over the coming week as every single day could produce significant market-moving news.

Fortune

Trump scores another big trade deal after securing promise of massive investment, but China will be less willing to cave, analyst says

“The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold.”

Fortune

U.S. and EU reach a trade deal that sets 15% tariff rate and pledges hundreds of billions in investments

Trump said the EU will invest $600 billion in the U.S. and buy $750 billion worth of U.S. energy products.

Fortune

'US exceptionalism roars back' as markets defy doomsayers and draw record foreign inflows after panic over Trump tariffs

"The hurdle for the US to experience genuine capital flight is high and certainly wasn’t breached in April."

Fortune

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AI is driving mass layoffs in tech, but it's boosting salaries by $18,000 a year everywhere else, study says

Labor market intelligence firm Lightcast also found that so-called "human" skills such as communication and complex problem-solving are growing more valuable.

Fortune

Denny’s CEO asks potential hires these questions at the interview—if they can't answer, it's an immediate red flag

Kelli Valade wants to make sure all her new hires understand their weaknesses and have done their homework.

Fortune

Employers, beware: Gen Z is the 'pragmatic generation' redefining success, seeing money as just a means to an end, landmark survey says

“The idea that young adults are postponing adulthood is outdated,” EY’s Joe Depa says of his firm’s landmark Gen Z survey. “This generation is focused on long-term stability.”

Fortune

‘Shark Tank’ icon Kevin O’Leary reveals the 3 things he looks for when investing his millions into a founder

The multimillionaire entrepreneur and investor looks to do business with entrepreneurs who have a “founder’s mindset”—embodied by late Apple cofounder Steve Jobs—alongside strong listening and executional skills.

Fortune

BMW backs hydrogen for transport with first series production car in 2028 — Is H2 the future after all?

BMW has been trialling FCEVs with a pilot run of vehicles based on X5 since 2023.

Fortune

Here's how the Federal Reserve funds itself, including renovations, without taxpayer dollars

Unlike the Pentagon and a new weapons system that has blown through its budget, the Fed and its operations are funded differently.

Fortune

U.S.-Japan trade deal gives Trump control over $550 billion in investments. It could be ‘vaporware’—and a model for other countries

Analysts at Bank of America said that the Japan deal “looks like a reasonable blueprint” for other auto-exporting countries like South Korea.

Fortune

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Fortune

Gwyneth Paltrow tackles Astronomer's most common questions as 'very temporary' spokesperson — 'OMG! What the actual f'

"Astronomer has gotten a lot of questions over the last few days, and they wanted me to answer the most common ones," she said.

Fortune

Amazon’s new Alexa+ is pretty good—but is that enough in the ChatGPT age?

I’ve spent the past few weeks using Alexa+. The beta version of Amazon’s new voice assistant is slowly rolling out but needs improvement to live up to the hype.

Fortune

Delta's struggles with the airport lounge and the angst of the upper middle class in the age of 'elite overproduction,' explained

Peter Turchin argues that societies collapse when there isn't enough room at the top. "There is a limited amount of space, but many more elites now ... low-rank elites.

Fortune

In his 20s, the boss of this $22 billion Fortune 500 company tried to turn down a promotion to CEO—his main advice to new grads is to stay 'humble'

RGA CEO Tony Cheng rose through the ranks of the Fortune 500 giant without any intention of becoming its leader—saying humility and a desire to learn are important skills for staffers to learn.

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news in one place.

100’s of premium titles.
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Fortune

Gen Z content creators are bringing in millions from their side hustles—and questioning the need for a college degree

With names like MrBeast getting rich off content creation, Gen Z and Gen Alpha are rethinking degrees in favor of ring lights.

Fortune

Intel plans to slash 25,000 jobs in 2025 as new CEO warns, ‘There are no more blank checks’

CEO Lip-Bu Tan sent a memo informing employees of significant ongoing layoffs and cost-cutting.

Fortune

Trump says he may want to give you a tariff rebate check: ‘A little rebate for people of a certain income level might be very nice’

Trump has been busy in July, with a deal to bring real sugar back to (some) Coke recipes, a visit to the Federal Reserve, and demands about a sports team nickname.

Fortune

America is starting to eat Trump’s tariff TACO salad, UBS says

“It’s quiet ... a little too quiet,” writes Mark Haefele, chief investment officer of UBS Global Wealth Management.

Fortune

The American housing market is in a deep freeze

"There’s no question that in many of pockets of the Sun Belt—the epicenter of U.S. single-family homebuilding—buyers have gained a considerable amount of leverage," ResiClub's Lance Lambert told Fortune Intelligence.

Fortune

Americans spend an entire week's worth of pay on rent every month—and in some cities, a full two weeks of income is just going to housing

Due to rent inflation, Americans are paying 66% more each month on housing than 17 years ago.

Fortune

The S&P 500 is ‘extremely concentrated,’ Apollo economist says, warning the best AI investment may not be in the Magnificent 7

“The textbook idea that the S&P 500 gives you a diversified exposure to risk is just simply no longer the case,” Apollo economist Torsten Sløk told Fortune.

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