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The Latest Breaking News from Fortune

Circle CFO on leading the blockchain 'megatrend' transforming finance

The disruption is comparable to the internet’s evolution in the mid-1990s, says Jeremy Fox-Geen.

Fortune

Kim Kardashian’s Skims draws $5 billion valuation in reminder that, for the best consumer companies, there’s always a market

Kim Kardashian’s Skims is now valued at $5 billion, in what’s been an underrated year in consumer.

Fortune

Record U.S. government shutdown is over—but Wall Street only has 10 weeks to relax before the next one could begin

U.S. government shutdown ends after 43 days, but markets brace for another funding fight as investors weigh lost data and Fed uncertainty.

Fortune

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The CEO of $2.2 billion AI company Turing can’t live without ChatGPT, swears by his Kindle, and has only taken 2 weeks of vacation in 7 years

Turing cofounder and CEO Jonathan Siddharth loves his VR headset, F1 video games, and Oura ring, but says the greatest investment is “creating memories and experiences that give you perspective and keep you grounded.”

Fortune

Russia's first AI-powered robot walked on stage to triumphant music, took a few steps, and then immediately faceplanted

AIdol has some work to do before it can catch up to its western competition.

Fortune

New Cash App features let users send and receive stablecoins, pay merchants in Bitcoin

Dorsey, who also cofounded Twitter, has long been a Bitcoin devotee.

Fortune

Hilton's CEO focused on rebuilding the hotel giant's culture. Now its staff turnover is about half the industry rate

Also: All the news and watercooler chat from Fortune.

Fortune

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Can Europe’s financial markets fuel an industrial revival?

To remain competitive, “and to win”, Europe has to “think big and act as one.”

Fortune

Cloudflare CEO says Google is abusing its monopoly in search to feed its AI

“Google is using a dominant position that they have in search to leverage their way into AI," Matthew Prince says.

Fortune

'The tariffs are a big tax increase': Top bank crunches the numbers on how much Americans are paying for Trump's trade regime

"A decent chunk of the economy is in recession," according to UBS economists.

Fortune

When will I know if my flight is canceled? Here’s what to expect as delays ripple across U.S. airports

Things will return to normal, eventually, but in time for Thanksgiving travel? That's not a given at this point.

Fortune

Circle shares slump after Q3 earnings despite big jump in revenue

Investors appeared concerned over declining interest rates and rising expenses at the stablecoin giant.

Fortune

Gen Z, iced out from traditional white-collar jobs, is increasingly turning to nanny work for rich people—and nabbing 6-figure salaries in the process

High-net-worth nannies are becoming a new career path for young job seekers disillusioned by the corporate grind.

Fortune

JLL Global CEO Christian Ulbrich: There is no 'silver bullet' NYC mayor-elect Zohran Mamdani can shoot to make the city affordable again

"We are very open, if our advice is asked, to help the new mayor," Ulbrich told Fortune.

Fortune

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Fortune

Why Land O'Lakes is piloting a new AI tool called 'Oz' in bid to help boost profits on cost-pressured American farms

The Fortune 500 dairy cooperative's new AI assistant can help agronomists and cash-strapped farmers map out their crop production and respond to challenges during the growing season.

Fortune

Warren Buffett says 'accumulating great amounts of money' doesn’t achieve greatness—He still lives in a $31,500 Nebraska home and clipped coupons

Berkshire Hathaway mogul Buffett, worth $150 billion, says kindness is more golden than big bank accounts. He still eats at McDonald’s, and says luxury purchases wouldn’t make him happier.

Fortune

Trump, who slapped an extra $100,000 on the H-1B visa, now says there aren’t enough talented people in the U.S. to fill jobs

The president argued U.S. companies need specialized labor from foreign workers and can’t “take people off an unemployment line who haven't worked in five years.”

Fortune

Ford CEO says he has 5,000 open mechanic jobs with 6-figure salaries from the shortage of manually skilled workers: ‘We are in trouble in our country’

“We do not have trade schools. We are not investing in educating a next generation of people,” Jim Farley said.

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Fortune

The shutdown 'accomplished nothing and caused significant harm' to many people, budget watchdog says, giving 'new meaning to fiscal irresponsibility'

"It's hard to imagine the bar for dysfunctional government getting any lower than it is right now," said the Committee for a Responsible Federal Budget.

Fortune

OpenAI says it plans to report stunning annual losses through 2028—and then turn wildly profitable just two years later

The company anticipates burning through roughly $9 billion this year on $13 billion in sales, a cash burn rate of approximately 70% of revenue.

Fortune

IEA heralds 'the Age of Electricity' while warning that oil may not be peaking in 2030 after all

The International Energy Agency’s World Energy Outlook still sees a pathway to mitigage "the most severe risks from climate change."

Fortune

Marriott abruptly cut ties with Sonder, leaving thousands of hotel guests stranded: It's 'inconceivable' they would treat humans that way, guest says

Travel advisor told Fortune there’s no precedent for the debacle. “Sorry, that's not justifiable at all.”

Fortune

Ford CEO Jim Farley says the secret to climbing the corporate ladder flows through this department—and Tim Cook is proof it works

The secret to CEO success isn’t knowing how to code or use AI chatbots—it’s mastering the supply chain, according to Ford’s Jim Farley.

Fortune

Older generations bash Gen Z for 'doom spending.' But experts say there's a good reason why people splurge when they're young

“My aspiration for material stuff is the inverse of what else I have to offer the world,” The Psychology of Money author said.

Fortune

Kim Kardashian's Skims is now worth $5 billion after a massive $225 million funding round led by Goldman Sachs

Young people are obsessed with Kim K's shapewear line. Nearly 70% of Skims' customers are Gen Z or millennials.

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