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The Latest Breaking News from Fortune

America got rich and got sad. A top economist says 2020 broke something that hasn't healed

It's not a mystery why everyone got sad in 2020. What is: the fact they never recovered. Sam Peltzman sees a "segregated happiness society."

Fortune

America's debt just hit a milestone not seen since WWII — and credit agencies are sounding the alarm

America's debt just surpassed the size of its entire economy. That could mean higher mortgage rates, costlier loans, and government spending ever more squeezed.

Fortune

Trump wants to cut federal loans from college programs that don't pay off. College cosmetology, fine arts, and music programs are at risk

As student debt surpasses $1.7 trillion, a Trump-backed rule would strip federal aid from degree and certificate programs with weak earnings outcomes.

Fortune

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A $20B battleship the U.S. abandoned after WWII is back in Trump's $1.5T defense budget. Experts say modern missiles will easily destroy it

President Trump's record defense budget includes a new class of battleships not seen since WWII.

Fortune

Fed whisperer splits on Powell: A+ as steward, but ‘I don't think you could give him high marks on the economy’

"I think they made a lot of mistakes under his leadership, on the economics and the monetary policy."

Fortune

Eventbrite CEO sold her company for $500 million—without a job for the first time since 15, she’s playing chess with a robot and eyeing internships

Julia Hartz, the cofounder and CEO of ticketing platform Eventbrite, made a $500 million exit and is now considering her next career move as a free agent.

Fortune

Zoom is giving away $150K to 'solopreneurs' with no strings attached—as 33 million workers ditch their 9-to-5 to become their own boss

As AI kills the American dream of a stable job and a corner office, 33 million people are going solo—and Zoom is throwing $150,000 behind the movement.

Fortune

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Can the 'blue economy' deliver on its promise? Investors are starting see the ocean as an asset worth protecting

Investors, scientists, and leaders are no longer asking if the blue economy is real and instead figuring out how quickly they can scale it.

Fortune

Warren Buffett says markets are like a church with a casino attached, but 'we've never had people in a more gambling mood than now'

"But that doesn't mean that investing is terrible. It does mean that prices for an awful lot of things will look very silly."

Fortune

Interest on U.S. debt is becoming a top driver of future deficits, as the sheer size of past borrowing overwhelms the fiscal outlook

"In a 'Fiscal Dominance' regime, the Fed's ability to aggressively hike rates to curb inflation is constrained, as doing so risks a fiscal or financial crisis."

Fortune

Jensen Huang says some CEOs have a 'God complex' when it comes to AI apocalypse warnings, which can create shortages of critical workers

"So we have to be mindful of how we communicate the importance of this technology and what it's able to do."

Fortune

Gen Z is rebelling against the economy with ‘disillusionomics,’ tackling near 6-figure debt by turning life into a giant list of income streams

Failed promises are reshaping how Gen Z approaches financial decisions and their role in the economy. Call it “disillusionomics,” Alice Lassman says.

Fortune

CEO writes hundreds of thank you notes to staff and still eats in the break room—which 'always, for whatever reason, blows new employees away'

First Watch CEO Chris Tomasso isn’t afraid to pick up pen and paper—something similarly embraced by top business leaders at Chevron and even OpenAI.

Fortune

Suze Orman once said earning more than $800,000 would make her 'sick to my stomach'—but that turning down Oprah Winfrey cured her self-doubt

Finance icon Suze Orman turned down a million-dollar book deal and refused to appear on The Oprah Winfrey Show—and says both decisions changed her life.

Fortune

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Fortune

Big Tech is shelling out up to $1 million for new hires who will never have to write a line of code

Tech companies are paying up to $1.2 million for senior communications roles because explaining AI is now a strategic asset.

Fortune

The American household just took an 81% margin cut. Wall Street hasn’t priced it in

The economy is treating the oil shock like a temporary inflation problem. It's actually a household solvency problem, and the risk is radiating.

Fortune

Anthropic's most powerful AI model just exposed a crisis in corporate governance. Here's the framework every CEO needs.

Yale's Jeffrey Sonnenfeld and colleagues argue that Claude Mythos will break enterprise deployment in ways that cannot be undone—without key fixes.

Fortune

Trump picked a fight with the Pope: The one person he can't fire, can't outbid, and can't outlast

The Vatican, the oldest institution in the world, has faced attacks from leaders throughout history—and from the U.S. This time it's unprecedented.

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Fortune

One economist’s ‘radical idea’ to solve the biggest energy crisis in history: a reverse OPEC

UMass Amherst economist Gregor Semieniuk says the U.S. is the most powerful country to make the idea work.

Fortune

We need a new way of thinking about drinking: Time to replace the 'standard drink' with advice people can actually use

Drinking guidelines built around abstract units and mental math aren't changing behavior. A "low and slow" framework could finally move the needle.

Fortune

Stop donating to Harvard and the Ivy League. There's a better option that MacKenzie Scott already figured out

MacKenzie Scott gets it. Most donors still don't.

Fortune

Asia is being hammered by the Iran conflict's economic fallout. The U.S. has the playbook to help—and every reason to

Energy prices up 70%, growth forecasts slashed, fertilizer shortages spreading: Washington needs to adjust its trade agenda.

Fortune

Betting on the Kentucky Derby is more popular than ever. So why is it so confusing?

Americans bet a record $234 million on a two-minute race last year. Getting that money down legally remains hard, thanks to Kentucky's laws.

Fortune

Blackstone's Steve Schwarzman built a program to teach young leaders about China. It's harder to get into than Harvard

Inspired by the Rhodes Scholar program, Schwarzman's philanthropic initiative brings students in their early-to-mid-20s to spend a year immersed in understanding how China works.

Fortune

The Iran war has turned the world's shipping straits into a chessboard—and the U.S. aims to box out China from the Panama Canal to the Malacca Strait

As the war over the Strait of Hormuz wages on, the U.S. is quietly gaining more influence over the Panama Canal and the straits of Malacca and Gibraltar.

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