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The Latest Breaking News from Fortune

Fyre Festival sells on eBay for $245K, a sum so low it wouldn’t have been able to afford disgraced founder Billy McFarland some tickets at his own event

The final bid is only a fraction of the court-mandated $26 million McFarland owes in restitution of his fraudulent scheme.

Fortune

Trump’s $9 billion spending cuts could spare $400 million for HIV/AIDS relief

The move to save PEPFAR funding may prove useful in rallying GOP support from powerful lawmakers like Senate Appropriations chair Susan Collins, an outspoken critic of Trump’s proposed cuts.

Fortune

The companies laying off staff for AI today will regret it in five years

Taking AI efficiency gains, leaders are juicing short-term profits and calling it innovation. But AI doesn’t invent—it imitates.

Fortune

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Corporate turnaround artist Jim Lanzone is 'sticking to what users need' as CEO of Yahoo

"I think we're building a lot and have a lot of things others might need," Lanzone told Fortune.

Fortune

Trump won't rule out sacking Powell as Jamie Dimon works to shield the Fed chair

Trump has listened to Dimon in the past, notably a famous Fox Business interview with Maria Bartiromo.

Fortune

Tech layoffs 2025: How Microsoft, Google, and Meta are plotting for the AI era

As tech giants like Microsoft, IBM, and Google shed thousands of workers, experts weigh in on the motivations behind these layoffs.

Fortune

High income taxpayers in California and New York set for a SALT windfall in 2016

An increased SALT cap is a boon to wealthy taxpayers in blue states.

Fortune

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Why Jamie Dimon says we 'may have seen peak private credit'—and why you should care

Reports have swirled that JPMorgan wants to buy a private credit firm, but "it's not high on my list," Dimon said.

Fortune

Siemens' CTO says AI can help address the U.S. manufacturing industry's big skills gap

Peter Koerte, the chief technology officer at German technology conglomerate Siemens AG, says AI can help address the manufacturing sector's skills gap.

Fortune

Identity theft is on pace to set a new record in 2025

There were 1,732 data compromises in the first half of the year.

Fortune

CEO of $14 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

Rather than letting that pressure paralyze him, Aravind Srinivas, the co-founder and CEO of Perplexity, uses it as fuel.

Fortune

Millennials are finally becoming homeowners at nearly 40—Gen Z may have to wait 2 more decades before unlocking the American Dream

As 38-year-old millennials become the new face of homeownership, unemployed and debt-ridden Gen Z may have to wait even longer to get on the ladder. Boomers hold the keys to their real estate success.

Fortune

HPE's deal with activist investor Elliott may still cost CEO Antonio Neri his job—or end with a breakup of the company

Since 2022, Elliott has ousted 14 CEOs at companies where it got involved.

Fortune

Used Tesla prices are tumbling as incentives near the end of the road

Model X and Model S are down more than 15% year over year.

Fortune

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Fortune

Mark Carney has been dubbed the 'Trump whisperer': His ability to shift the dynamic from confrontational to collaborative is a lesson for all leaders

“It's not impossible to set the stage for the quality of the conversation that you want.”

Fortune

Want to own Darth Vader's lightsaber? How about Indiana Jones' bullwhip?

Too steep? How does Sauron's helmet sound?

Fortune

With all eyes on Apple’s next earnings report, one research firm calls on Tim Cook to step aside

Apple’s stock is down about 16% year to date.

Fortune

Marc Andreessen blasts elite colleges over DEI policies in leaked messages

Andreessen Horowitz founder criticized Stanford University and MIT in private messages to top Trump administration officials over their alleged reverse discrimination.

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Fortune

How a former WNBA player became an exec with a $724 million job

Former WNBA player Rasheeda Clark is president of Flynn Wendy's, part of the franchising giant Flynn Group.

Fortune

Employers are scrambling to cut costs and health care benefits are on the chopping block

In an employer-driven labor market, companies are finding ways to push health care costs over to their workers.

Fortune

Exclusive: Crypto infrastructure giant Talos acquires CoinMetrics for more than $100 million

The deal is the latest in a flurry of M&A activity in the crypto sector.

Fortune

H2Ok Innovations raises $12 million Series A to make manufacturing more precise for big-name customers like Coca-Cola and Unilever

H2Ok Innovations raised a $12.42 million Series A, led by Greycroft, Fortune can exclusively report.

Fortune

Citi CFO leans into AI as Q2 earnings surge past expectations

Mark Mason shared insights on the company’s performance and client outlook.

Fortune

Delta moves toward eliminating set prices in favor of AI that determines how much you personally will pay for a ticket

The airline touted a partnership with an AI-enabled revenue system as a step on the road to fully personalized ticket pricing, part of its goal to raise profit margins long-term.

Fortune

Larry Ellison surpasses Mark Zuckerberg to become world's second-richest after Oracle doubles down on AI investment

Ellison also amended his Giving Pledge to focus resources on his Oxford-based institute tackling healthcare, hunger, and climate change.

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