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The Latest Breaking News from Fortune

Battle for Hormuz begins as U.S. military fights off Iranian attacks while seeking to break regime's grip on ship traffic through strait

Central Command chief Adm. Brad Cooper said Monday that U.S. forces destroyed six Iranian small boats and intercepted Iranian cruise missiles and drones.

Current price of oil as of May 4, 2026

Current price of oil as of May 4, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Nearly 4 in 10 job candidates have bailed on a hiring round because it required an AI interview

Nearly 4 in 10 job candidates have bailed on a hiring round because it required an AI interview

Even if they go through with it, many are met with radio silence.

From analysis to the latest developments in health,
read the most diverse news in one place.

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Trump’s World Liberty Financial countersues crypto billionaire Justin Sun for defamation in response to allegations of fraud

Justin Sun invested $75 million into a Trump-linked cryptocurrency but alleged the project wrongfully froze his tokens.

Stablecoin startup Rain is worth $1.95 billion and plans to issue cards with Mastercard in a push to woo institutional customers

The company previously only worked with Visa to create stablecoin-backed cards.

The crypto industry is obsessed with conferences. The vibe at them is changing

There’s a new tone in the industry ahead of the Fortune Crypto 100, which will drop on June 11.

VC firm Ethereal has avoided the spotlight for 5 years—now it's telling its story

The low-key firm, which was spun of the Ethereum shop Consensys, has a well-honed strategy aimed at early-stage startups.

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Occidental Petroleum’s CEO transition puts a spotlight on the foreign post advantage

Occidental Petroleum’s CEO transition puts a spotlight on the foreign post advantage

As Vicki Hollub exits, Occidental’s next CEO brings a résumé shaped by global operations, not just HQ leadership.

Spirit Airlines’ shutdown is a case study in what happens when a turnaround plan breaks

Spirit Airlines’ shutdown is a case study in what happens when a turnaround plan breaks

Capital-intensive businesses need restructuring plans built for shocks, not just recovery.

Inside Google’s quiet internal war against its own anti-military activist employees

Inside Google’s quiet internal war against its own anti-military activist employees

Everything you need to know before you reach the office this morning.

How Twilio CEO Khozema Shipchandler is turning the company around and beating SaaSpocalypse fears

How Twilio CEO Khozema Shipchandler is turning the company around and beating SaaSpocalypse fears

Also: All the news and watercooler chat from Fortune.

Enbridge aims to help North America win from the AI boom and the Iran war as the FedEx of energy delivery

Enbridge aims to help North America win from the AI boom and the Iran war as the FedEx of energy delivery

Enbridge is feeding the growth of U.S. power demand and rising foreign reliance on North American oil and gas.

China has a welcome mat for Trump: it just rewrote the rules on U.S. sanctions

China has a welcome mat for Trump: it just rewrote the rules on U.S. sanctions

Beijing's Announcement No. 21 activates, for the first time, a private right of action against anyone who complies with U.S. sanctions on Chinese firms.

Google’s AI deal with the Pentagon has sparked employee backlash. But don't expect a repeat of Project Maven

Google’s AI deal with the Pentagon has sparked employee backlash. But don't expect a repeat of Project Maven

Google's agreement with the Pentagon may be the most permissive yet among major AI firms.

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news in one place.

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A decade after the ‘Godfather of AI’ said radiologists were obsolete, their salaries are up to $571K and demand is growing fast

"As long as AI doesn't make this quantum leap of becoming sort of AGI,” most jobs are going to be reasonably safe, said one economist.

Markets on alert as Trump vows 'Project Freedom' for Hormuz, setting up potential showdown after renewed attacks on ships

"This is a Humanitarian gesture on behalf of the United States, Middle Eastern Countries but, in particular, the Country of Iran."

Hong Kong is the hub for China's AI IPOs. It can be so much more than that

There’s more to Hong Kong than just finance and venture capital.

As economic despair mounts, Russian official admits the country has had enough of Putin's war on Ukraine. 'We can’t even take one region'

“The overall mood is that’s enough already; you’ve been fighting for long enough.”

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news in one place.

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The clock is ticking as oil markets barrel toward nightmare scenarios with the West bracing for 'tank bottoms' and Iran racing to delay 'tank tops'

The West and Iran are staring down two diametrically opposed oil market emergencies that could materialize in a matter of weeks.

AI models are choking on junk data

The quest for more training data has created a glut of low-quality junk data that could derail the promise of physical AI.

He started as a part-time Starbucks barista at 17. Now he's an exec designing the menu

Sam Henderson's advice to Gen Z? Don't ignore opportunities in hospitality.

Diary of a CEO founder Steven Bartlett hired someone with 'zero' work experience because she 'thanked the security guard by name' before the interview

A virtually blank resume may spook employers, but job candidates don’t need a lengthy work career to land a gig—after all, one of Steven Bartlett’s best hires only had two lines on her CV.

America's twin scarcities: The 4-million-unit shortage in both housing and childcare is breaking families

America's housing and childcare shortages are converging into a single affordability crisis with major macroeconomic consequences.

Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology

Some economists are warning there’s no sign of AI-related job displacement appearing in the labor data. Altman claimed it’s just a matter of time until it does.

I spent a decade selling homes to the ultra-wealthy. What I saw explains the housing market's nepo problem

The most important thing I learned selling real estate to the top 1% for 10 years wasn't about properties — it was about the parents in the room.

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