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The Latest Breaking News from Fortune

Donald Trump says national debt is ‘peanuts’ compared with tariff income, which will pay dividends—but the math isn’t adding up

A $2,000 dividend for each citizen would increase the deficit by $6 trillion, according to one estimate, roughly twice as much as Trump’s tariffs are estimated to raise.

Fortune

Gen Z grads in the U.K. are earning 30% less than millennials did—new data shows the degree payoff is collapsing

The promise of a high-paying graduate job is slipping away for Gen Z as pay premiums plummet by half in the U.K.

Fortune

Former Citadel employees raise $17 million for Fin, a global stablecoin app ‘without all the complexity’

The startup aims to allow businesses to conduct big cross-border transactions in cheap and rapid fashion.

Fortune

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L’Oréal CHRO cut her teeth at luxury brands Chanel and Kiehl’s. Like Walmart’s CEO she says the secret to her success was always saying yes

Like Walmart’s CEO, the L’Oréal exec says the secret to her success was always saying yes—to grabbing coffee, taking notes, moving abroad.

Fortune

Fund managers from diverse backgrounds are delivering standout returns and the smart money is slowly starting to pay attention

Since 2016, we’ve invested through diverse fund managers, seeing steady, market-rate performance. An entrenched "old-boy" network keeps us in the minority.

Fortune

China does not need Nvidia chips in the AI war — export controls only pushed it to build its own AI machine.

If the U.S. wants to lead in AI, chip controls are not the answer.

Fortune

Boeing’s new CFO sees ‘performance culture’ driving a return to positive cash flow next year

Jay Malave joined the Fortune 500 company in August.

Fortune

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Harvard grads raise $20 million for Ostium, a platform focused on a derivative popular with crypto traders

Marquee investors General Catalyst and Jump Crypto led the funding round.

Fortune

Anthropic considers IPO despite warnings that excess liquidity is blowing a bubble in the markets

Senior central bank chiefs see excess liquidity in a range of asset markets.

Fortune

Exclusive: Angle Health raises $134 million Series B to grow its AI-driven healthcare benefits offerings

Angle Health has raised a $134 million Series B, led by Portage, Fortune has exclusively learned.

Fortune

Michael Dell, who's donating $6.25B to 'Trump Accounts' for kids, says a childhood savings account changed his life

Also: All the news and watercooler chat from Fortune.

Fortune

Trump’s pick for Fed chair isn’t enough to threaten central bank independence, says top economist—especially if Jerome Powell decides to stick around

“The question then becomes, will Powell leave as a governor?”

Fortune

A Chinese ice cream chain, powered by super-cheap cones, now has more outlets than McDonald's

Chilled drinks and cool prices are helping Mixue take over the booming sweet treat market.

Fortune

Video games can teach designers deeper lessons than ‘high score streaks’ and gamification

Game design holds important lessons for education, said Lee Schuneman, the chief product officer at edtech firm Efekta Education Group.

Fortune

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Fortune

Binance names cofounder Yi He as new co-CEO

Yi He has worked in crypto since the early days of the industry, and becomes one of only a handful of women to lead a crypto firm.

Fortune

Vanguard has a change of heart on crypto, lists Bitcoin and other ETFs

The brokerage firm, long averse to crypto, will let traders buy and sell blockchain-wrapped funds.

Fortune

China's ByteDance could be forced to sell TikTok U.S., but its quiet lead in AI will help it survive—and maybe even thrive

ByteDance, the owner of TikTok and target of Washington ire, operates China’s most popular chatbot, Doubao.

Fortune

Inside Anthropic Claude is boosting developer productivity—but raising fears over deskilling and loss of job satisfaction

Anthropic engineers mostly use Claude for debugging, not writing new software, but they worry about deskilling

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Fortune

Michele Kang launches Kang Institute with U.S. Soccer

Women are not just “small men”—and Kang’s efforts will target everything from treating women’s injuries to preventing girls from dropping out of youth sports.

Fortune

Nvidia’s CFO admits the $100 billion OpenAI megadeal 'still' isn't 'definitive'—two months after it helped fuel an AI rally

CFO Colette Kress also said the company is “absolutely not” threatened by competitors like Google.

Fortune

CEO of $5.6 billion Swiss bank says country is still the ‘No. 1 location’ for wealth after voters reject a tax on the ultra-rich

In Switzerland, the top 300 wealthiest residents are worth over $1 trillion. And one banking boss says he remains “bullish” about it remaining a top destination for the world’s wealthiest.

Fortune

Instagram CEO calls staff back to the office 5 days a week to build a ‘winning culture’—while canceling every recurring meeting

“Every six months, we'll cancel all recurring meetings and only re-add the ones that are absolutely necessary.”

Fortune

Elon Musk says he warned Trump against tariffs, which U.S. manufacturers blame for a turn to more offshoring and diminishing American factory jobs

U.S. manufacturing has contracted for the ninth consecutive month, fresh data found.

Fortune

What CEOs say about AI and what they mean about layoffs and job cuts: Goldman Sachs peels the onion

“Companies that have discussed AI in the context of their workforce have cut their job openings more sharply this year,” economist Ronnie Walker found.

Fortune

Harvard MBA grads are landing jobs paying $184K—but a record number are still ditching the corporate world and choosing entrepreneurship instead

Harvard MBAs are cashing in with record-high salaries, but they’re also snubbing the corporate world at a record rate. As AI reshapes the workforce, they’d rather bet on jobs in tech—or on themselves as founders.

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