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The Latest Breaking News from Fortune

Money talks: As the Iran war continues, Hormuz tolls gain traction

With missiles replacing merchant ships in the Strait of Hormuz, activity in the world's most critical energy corridor is grinding to a halt—and a controversial proposal to charge for safe passage is gaining traction.

Fortune

Alliance for America’s Skilled Trades: Skilled trades shaped America's past. Here's how they can build America's future

Ford, Carhartt, BlackRock and Google have created the Alliance for America’s Skilled Trades, as 2.1 million jobs could go unfilled by 2030.

Fortune

Exclusive: KPMG and OpenAI bet the future of software is 'headless' — and the future of work is mostly talking

"You're going to be talking more than you're typing," KPMG U.S. TMT leader Chad Seiler told Fortune about the future of work.

Fortune

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Shipping transits slow to a trickle as Strait of Hormuz faces “worst-case scenario”

From shipping lane to battleground: Hormuz crisis forces industry rethink.

Fortune

United Airlines' growth strategy is all about selling customers a better version of what they already buy

Also: All the news and watercooler chat from Fortune.

Fortune

Jersey Mike's IPO valuation could reach eight times Sweetgreen's market cap

Jersey Mike’s is targeting a valuation that would rank among the largest recent restaurant IPOs, highlighting the premium investors are placing on fast-growing, asset-light franchise businesses.

Fortune

FIFA’s $15 billion World Cup payday shows commercialization is the real tournament champion

FIFA’s expanded 48-team tournament brought about record TV audiences and packed stadiums.

Fortune

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$5 billion tech CEO says unemployed Gen Z should be out 3 days a week building their network: ‘Sometimes those jobs you want, they're never published’

$5 billion Netskope CEO says the secret to landing a job these days isn't just a perfect résumé—it's showing up to enough dinners and networking events.

Fortune

LaLiga president says tech is already making the fan experience better, and it could solve football's money problem too

This year's World Cup has been technified, but it's time for other soccer leagues to catch up and bring it to their domestic clubs.

Fortune

Hugging Face says it resorted to a Chinese AI model to battle a fully autonomous cyberattack because U.S. model guardrails hampered its defense

Hugging Face experienced one of the first document autonomous AI cyber attacks. It said American models were not up to the task of defending it, while GLM 5.2 from China's Z.ai saved the day.

Fortune

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

“I would like to see it so that every single CEO/founder/entrepreneur does what I did, which was to give equity to every single employee," Cuban said.

Fortune

The Treasury is walking a tightrope on U.S. debt by relying so much on short-term rates that are at the mercy of a suddenly very hawkish Fed

"Therefore, the biggest risk to the debt burden would be a sharp rise in short-dated yields if the Fed were to hike rates by more than expected in the coming year."

Fortune

Spain’s Ferran Torres scored the winning goal in the World Cup—but just four years ago, he was in therapy and stuck in a ‘bottomless pit’

Ferran Torres said he “could not see a way out” after a $62.8 million Barcelona deal—and half of athletes struggle with mental health problems.

Fortune

Christopher Nolan was rejected from film school as a teen. Today, the Oscar-winning director behind ‘The Odyssey’ is worth $250 million

Before Christopher Nolan became one of Hollywood’s most successful directors, he faced rejection: 'Film school didn’t want me.'

Fortune

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Salesforce VP on the leaky AI pipeline: why cheaper tokens won’t fix enterprise AI

Enterprises waste 5x-10x more tokens than needed on raw data, and switching models alone won't fix the leak.

Fortune

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

The credit card magnate turned mega-donor built one of the country's largest rural health systems.

Fortune

How CFOs can tell if AI is actually creating value

OpenAI CFO Sarah Friar offers an AI metric that may help finance chiefs separate hype from real value.

Fortune

Japan’s monetary conundrum — why the yen hit a 40-year low as interest rates hit a 31-year high

Japan hiked rates to chase inflation—but its real problem is money that never showed up.

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Fortune

Coinbase’s big Base mistake offers an important lesson for the crypto industry

The project showed how Coinbase was building for the last era of crypto, not the new and emerging one.

Fortune

HR’s biggest gap is turning people investments into P&L conversations

HR has to speak the CFO's language to earn a seat at the table.

Fortune

The American Dream according to Bill Ackman

The billionaire investor on reviving Americans’ faith in capitalism—and the family crisis reshaping his legacy.

Fortune

The age of the everything executive

The C-suite is asking executives to do more and oversee more functions.

Fortune

I've interviewed 700 leaders. The ones outsourcing their thinking to AI lose their best people first

There's an old warning about AI for leaders, from the story Charlie Munger used to tell about Max Planck: "I'll ask my chauffeur to reply."

Fortune

The FDA’s peptide vote could create telehealth's next multibillion-dollar market

As regulators weigh whether pharmacies can legally compound wellness peptides, companies are preparing for a repeat of the GLP-1 boom—only this time with even murkier science.

Fortune

Gas prices spiral over $4 as U.S.-Iran war heats up again, amid warning that 'economic gravity' will soon catch up to American families

"In the Wile E. Coyote scenario, economic gravity eventually exerts itself," wrote UBS's Paul Donovan this morning.

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