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The Latest Breaking News from Fortune

The best way to test the 'Musk magic premium' may be to give Elon Musk everything he wants

Also: All the news and watercooler chat from Fortune.

Fortune

From Jamie Dimon to Bill Ackman, Wall Street's billionaires are now changing their tune and offering to help Zohran Mamdani

Over $22 million was spent by billionaires to prevent the democratic socialist from becoming mayor-elect, estimates say.

Fortune

Robinhood is pulling in big money on prediction markets—but doesn’t want one of its own

CEO Vlad Tenev said Robinhood’s distribution channels mean it can rely on partner firms like Kalshi to supply prediction market exchanges.

Fortune

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

Novo Nordisk wants to keep its crown leading the weight-loss drugs pack. Despite outlook downgrades and lawsuits, its CFO has a plan

“The ultimate defense in our industry is in innovation,” Karsten Munk Knudsen told Fortune in an exclusive interview.

Fortune

WeRide’s CEO pitches robotaxis as a solution to aging populations and long commutes, as the firm raises more money for R&D with an HK IPO

CEO Tony Han talks about Chinese investors, self-driving cars as a social good, and why companies like Uber are turning to Chinese robotaxi partners.

Fortune

Zohran Mamdani’s signature housing policy is widely loathed by economists. Here’s why

Economists argue rent freezes benefit insiders at the expense of outsiders.

Fortune

Bank of America prioritizes bigger AI initiatives, as annual spending on new tech increased by 44% over the past decade

Hari Gopalkrishnan, the chief technology and information officer for Bank of America, is responsible for the $4 billion spent this year on AI and other new technology initiatives.

Fortune

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Inflation is so bad Americans are counting on Black Friday just to afford groceries and everyday essentials

"Black Friday is still a make-or-break moment for retailers, but shopper behavior is shifting," says Lightspeed Commerce founder and CEO Dax Dasilva.

Fortune

The under-the-radar factor that helped Democrats win in Virginia, New Jersey, and Georgia

As the AI land rush accelerates, local fights over water, power, and land may shape who wins and loses in American politics.

Fortune

Ford CEO Jim Farley strikes a cautious tone on Apple’s new CarPlay Ultra and its increasing control over cars: ‘Do you want the Apple brand to start the car?’

Farley said he has talked to Apple CEO Tim Cook “many times” on the subject of CarPlay.

Fortune

Ulta Beauty CEO Kecia Steelman says she has the best job ever: 'My job is to help make people feel really good about themselves'

"I could think of a lot worse jobs out there than that," Steelman told Fortune.

Fortune

McDonald’s and Cava earnings have one thing in common: The K-shaped economy has a vise grip on the lunchtime crowd

The restaurant chain CEOs noted that while young, lower-income consumers are pulling back, high-income earners are still hungry to spend.

Fortune

Millennial CEO shares 'the most honest' absence request from his Gen Z staffer: 'I recently had a breakup... I need a short break'

The boss approved the request without question, but concluded: “Gen Z doesn’t do filters!”

Fortune

A top analyst warned of a 'prisoner's dilemma' and 'AI wobble' in the stock market just days before Palantir seemed to confirm everyone's fears

"Is there going to be an AI wobble at some point?" Tony Yoseloff told Goldman Sachs. "There's a little bit of a prisoner's dilemma, let's call it."

Fortune

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Fortune

IBM's CEO admits Gen Z's hiring nightmare is real—but after promising to hire more grads, he’s laying off thousands of workers

IBM’s CEO Arvind Krishna promised Gen Z he would hire more college grads and be the “opposite” of companies like Amazon laying off workers. Days later, he's giving thousands the pink slip.

Fortune

Meet Mira Nair, Zohran Mamdani’s 68-year-old mother, who hit it big in Hollywood directing critical darlings like ‘Monsoon Wedding’

Nair is the first woman director to win the Venice Film Festival’s top prize, and famously turned down Warner Bros.’ offer to direct the fourth Harry Potter movie.

Fortune

Palantir says college is no longer a reliable training ground—so it hired 22 high school students instead: ‘Skip the debt. Skip the indoctrination.'

22 Gen Zers are currently graduating from Palantir’s Meritocracy Fellowship, as CEO Alex Karp calls his company "the best credential in tech."

Fortune

OpenAI’s new AI safety tools could give a false sense of security

OpenAI has open-sourced two AI safety classifiers that let enterprises more easily set their own guardrails. Experts say the move could improve transparency but also create new risks.

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news in one place.

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Fortune

Corporate America is trying to tell us something about the economy, top analyst says: A 3-year recession for ‘much of the private economy’ ended in April

Morgan Stanley’s Mike Wilson was a lonely voice on Wall Street calling a “rolling recession” when others saw a boom. Now he sees a “rolling recovery.”

Fortune

KPMG’s new CEO joined as an intern 33 years ago. Now he wants to lure Gen Z back with a new office outfitted with moody lounges and a barista bar

KPMG is shrinking its New York footprint by 40% and betting on design—not mandates—to bring employees back to the office.

Fortune

Abraham Lincoln set off an education revolution in 1862 with the Land Grant Act. We need the same thing today for AI

Imagine a federal initiative that builds a nationwide system of universities and colleges equipped to educate and train every region for the age of AI.

Fortune

The innovation blind spot: how Silicon Valley ignores Middle America

If we want to strengthen our economy and secure our future, we need to broaden our definition of what counts as “innovative.”

Fortune

Crypto venture firm CMT Digital raises $136 million for fourth fund

The Chicago-based company has backed crypto stalwarts like stablecoin giant Circle and blockchain-based lender Figure.

Fortune

I've owned and operated trade schools for 40 years and Gen Z is onto something: the tide is turning

Is college worth it? All kinds of colleges are worth it for all kinds of students—and jobs.

Fortune

Let’s move beyond rare earth headlines—it’s time to build real scale

At GM, we've partnered with suppliers like MP Materials to rebuild the domestic supply chain and we've invested in Lithium Americas’ Nevada project.

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