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The Latest Breaking News from Fortune

Exclusive: Mercury, valued at $3.5 billion, clocks $650 million in 2025 annualized revenue

Mercury reaches $650 million in annualized revenue, jumping from $500 million at the end of 2024, the company exclusively told Fortune.

Fortune

Even as stocks slide, Wall Street is at 'historically extreme valuations,' warns Apollo chief economist

The latest data underlines a broader concern among analysts that a reckoning is looming for the markets.

Fortune

Mark Zuckerberg says 'The Social Network' nailed his wardrobe: 'Every single shirt or fleece they had in that movie is a shirt or fleece that I own'

Zuckerberg even bought one of the shirts worn by actor Jesse Eisenberg, on auction, for over $4,000.

Fortune

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Gen Alpha won’t ever have to write an email when they join the workforce, new research reveals—they’ll be sending voice notes to their boss instead

LSE researchers say Gen Alpha will talk, not type at work—they predict that voice notes will make keyboard practically obsolete by 2030.

Fortune

Elon Musk’s $1 trillion pay package was the result of a race to the bottom among states with weak corporate governance laws

Also: All the news and watercooler chat from Fortune.

Fortune

Department stores' new playbook: How Macy's, Dillard's, and Nordstrom are getting their groove back

Department stores have a new playbook to win back shoppers from discount stores and Amazon.

Fortune

The way to get middle managers to embrace AI? Invest in people, not technology, first

Feon Ang, LinkedIn’s APAC managing director, argues that leaders have to focus on the human side of the equation

Fortune

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Elon Musk is officially on the trillionaire path as Tesla shareholders approve an unprecedented $1 trillion pay package

Musk’s net worth could soon top $1 trillion as Tesla reaffirms its desire for the world’s richest man to lead the electric-vehicle company.

Fortune

Laid off? Tech recruiting exec shares 4 tips for getting back on your feet—and on the job market

The tech industry is going through a purge.

Fortune

Jamie Dimon predicts AI will shorten the workweek: ‘My guess is the developed world will be working three and a half days a week’

He thinks it will eliminate jobs, but we can steer our way out of disaster.

Fortune

Hundreds of billionaires pledged to give away $600 billion to charity—but the Bill Gates and Warren Buffett era of philanthropy may be over

While a tax bill aimed to cripple liberal philanthropic foundations may upend billionaire giving, charitable vagabonds like MacKenzie Scott are already rewriting the norm.

Fortune

'October’s pace of job cutting was much higher than average': Definitive layoff report reveals 'DOGE impact' on labor market

Andy Challenger says “Those laid off now are finding it harder to quickly secure new roles, which could further loosen the labor market.”

Fortune

Trump punches new $35 billion hole in national debt with deal for Medicare to cover your Ozempic

America's waistline may shrink, but its national debt will swell.

Fortune

Why this company says the state of AI security is ‘grim’

AI adoption is skyrocketing—but so are the risks. Inside one startup’s warning that the state of AI security is, in their words, “grim.”

Fortune

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Fortune

Silicon Valley billionaire, reeling from Zohran Mamdani's victory, turns back the clock to Peter Thiel's warning about the appeal of socialism from 2020

Thiel famously wrote about a “broken generational compact,” warning that “if one has no stake in the capitalist system, then one may well turn against it.”

Fortune

Zohran Mamdani is New York’s first millennial Mayor—experts say the young leader will 'challenge the status quo' set by boomers before him

Higher minimum wage for young workers, remote working and a 4-day workweek could get a spotlight thanks to New York’s first millennial Mayor

Fortune

The travel industry has already lost $4 billion from the government shutdown. The FAA’s flight cuts starting Friday are a new threat

One of the busiest air travel seasons of the year is imminent, yet the FAA cut 10% of flights at 40 airports starting Friday.

Fortune

Jamie Dimon says he still reads customer complaints himself because his staff filters too much: ‘The bureaucracy does want to control you’

“If you’re in a position like mine, you’ve got to break down those barriers all the time,” Dimon said.

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Fortune

An apology to Gen Z, from the Harvard scholar behind ‘Bowling Alone’ book: 'You didn't cause the problem, we caused this problem'

Robert Putnam famously diagnosed America as "bowling alone" 25 years ago. Things have just gotten lonelier—and Trumpier—since.

Fortune

The crypto market looks out of gas as Bitcoin dips under $100k and alt-coins plummet

The markets staged a modest rally on Wednesday but assets like Ethereum and Solana have taken a pounding.

Fortune

Meet Jared Isaacman, the billionaire tapped by Donald Trump and Elon Musk to usher in a new era of space travel—and he has strict rules about meetings

The secret to getting to Mars starts with slashing useless meetings that could’ve been an email, according to plans from the billionaire tapped to lead NASA.

Fortune

Kamala Harris says there's enough room for everyone to be successful—and that professionals who think otherwise are guilty of 'provincial thinking'

Former U.S. VP Kamala Harris slams staff who “knocked down” her success: “It was counterproductive…We rose and fell together.”

Fortune

Scott Galloway says he’s a product of big government: ‘Taking bets on unremarkable people pays off’

Galloway credits UCLA for his success, despite an initial rejection: “California taxpayers and the regents of the University of California saved my ass.”

Fortune

For Gen Z, it’s ‘not enough to work hard’ if you want to succeed, says Jamie Dimon—skills in specific sectors are the way to get ahead

“In the old days, you could be in 10th grade, go get a factory [job] in Detroit, and eventually you could afford a family, a home, a car, and that may not be true anymore,” Dimon said.

Fortune

Gen Z’s brains are ‘growing around their phones’ the way a tree warps around a tombstone, ‘Anxious Generation’ author warns

Speaking at a Dartmouth symposium on mental health, NYU professor Jonathan Haidt discussed his research on “the great rewiring.”

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