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The Latest Breaking News from Fortune

Exxon Mobil CEO sees “more to come” on price spikes from Iran war as Exxon, Chevron beat on earnings despite plunging profits

Exxon and Chevron are maintaining a wait-and-see approach to Venezuela, but they're taking diverging paths in the booming Permian Basin.

Fortune

Billionaires have a problem money can't solve: they don't know how to talk to their kids

The largest wealth transfer in history is underway. But a new report reveals that the real obstacle isn't taxes, trusts, or market volatility — it's silence.

Fortune

Utility CEOs pocket $626 million as American energy bills hit record highs

With electricity prices rising, lawmakers are asking questions about business models at privately owned utilities.

Fortune

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CEOs got an 11% pay raise in 2025. Workers got 0.5%

A new ITUC-Oxfam report covering 1,500 companies found CEO pay is outpacing worker wages by a factor of 20—and the gap is only getting wider.

Fortune

A Chick-fil-A worker got fired and then showed up behind the register to allegedly refund himself over $80,000 in mac and cheese

The cheesy scheme allegedly netted a former employee over $80,000 in fraudulent refunds.

Fortune

A Mark Cuban-backed vegan cheese company trained AI to scrutinize cardboard boxes. It’s saved $400,000

Austin-based Rebel Cheese says an AI agent helped uncover shipping-box overcharges after a holiday rush and has saved the company $400,000 in one year.

Fortune

Forget Big Tech: Small businesses will hire nearly 1 million grads in 2026—and some of the hottest roles are gloriously AI-proof

While financial analysts and software engineers have suffered the biggest decline in share of the new grad job market, AI engineers and service technicians are at the top.

Fortune

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MIT AI expert warns automating Gen Z entry-level jobs could backfire—and cost companies their future workforce

CEOs who cut entry-level jobs risk long-term fallout, warns MIT’s Andrew McAfee—as IBM and Salesforce double down on Gen Z talent.

Fortune

Former Miami Mayor Francis Suarez: Why I'm joining Stephen Ross and Ken Griffin in betting big on ambitious business leaders

The man behind Miami's viral "How can I help?" explains why he signed on as Senior Advisor to the Gold Coast's most ambitious recruitment campaign yet.

Fortune

By staying on the Fed's board, Jerome Powell could be doing incoming Chairman Kevin Warsh a huge favor

Powell will still be around to be Trump’s punching bag and take at least some of the flak for Warsh.

Fortune

Tesla's former HR chief: the AI layoff panic Is built on a false premise—here's what most workers need to know

The hyperscaler math driving cuts at Meta and Microsoft does not apply to the companies where most Americans actually work.

Fortune

Apple just posted $111 billion in revenue. Now its incoming CEO and CFO are teaming up

Apple's next CEO, John Ternus, plans to continue the company's financial discipline into its next era.

Fortune

Current price of oil as of May 1, 2026

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

Fortune

Startup Fun raises $72 million for the serious business of converting crypto and cash

The crypto investor Multicoin Capital and the tech VC SignalFire led the Series A fundraise.

Fortune

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As the world swelters, companies scramble for ways to keep everyone cool

From record heat to rising energy costs, climate control is now strategic—helping companies like Trane Technologies post strong results as AI reshapes how buildings are managed

Fortune

The fruit fly cancer researcher who built his first prototype out of lollipop sticks and straws

For biomedical scientist Caíque Costa, fruit flies are where cancer breakthroughs begin. But caring for flies in a lab isn’t as easy as you may think.

Fortune

‘Cut up the credit cards:’ Members of Congress are getting brutal about ‘embarrassing’ $39 trillion national debt

“It’s only going to get worse until we cut up the credit cards and get serious.”

Fortune

SEON CEO: Prediction markets can forecast the future. Can they survive their own manipulation problem?

The prediction markets supercycle has outpaced its regulatory infrastructure — and the next 12 months of CFTC rulemaking will determine

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Fortune

Apple’s new CEO said he will continue the company's tradition of secrecy—and Wall Street loved it

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

Fortune

Brian Niccol’s nascent Starbucks turnaround starts with treating workers better

Also: All the news and watercooler chat from Fortune.

Fortune

Hitting the 'GenAI wall': Where generative AI stops working, and what it means for your talent strategy

Companies that assume GenAI eliminates the need for expertise will hit the AI wall—and wonder why their workforce transformation has stalled.

Fortune

Snap CEO praises AI for writing two-thirds of the company’s code but warns fellow tech executives underestimate 'societal pushback' to the tech

A survey in March found only 26% of Americans had a favorable view of AI.

Fortune

The U.S. economy is booming — just not where 50 million Americans live

Economic opportunity in America has become dangerously concentrated, with just over 100 counties accounting for half of all U.S. job growth.

Fortune

America at 250: immigration and the making of an innovative nation

The chairman of the Ellis Island Honors Society says we would do well to build an immigration system worthy of this legacy of immigration and innovation.

Fortune

Meta wants to spend more even after it lost $80 billion on the Metaverse and over 20 million users

Meta increased its capital spending by $10 billion because it “continued to underestimate” its compute needs, said its CFO.

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