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The Latest Breaking News from Fortune

CEO Andy Jassy says Amazon’s 14,000 layoffs weren’t about cutting costs or AI taking jobs: ‘It’s culture’

Jassy said the cuts weren’t AI-driven, “not right now at least.”

Fortune

The 30-year-old obsessive networker who is leading a wildly profitable niche on Wall Street known as ‘directs’

Matt Swain has become a pioneer by pairing family offices looking to triple their money with under-the-radar businesses looking to exit.

Fortune

Crypto’s big ‘Uptober’ ends with a whimper, Bitcoin down 4%

While October didn’t bring in big wins for Bitcoin, one analyst says there’s reason to be optimistic for the cryptocurrency’s growth.

Fortune

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‘AI is way beyond the hype phase’: Experts warn businesses must reskill for the new reality

Companies must not only develop existing talent but also rethink the skills they are sourcing.

Fortune

Exxon and Chevron hike oil production despite global glut and see more ‘frontier exploration’ as U.S. shale boom slows

Chevron cited more exploration efforts in Suriname, Brazil, Angola, Nigeria, Namibia, and the Middle East.

Fortune

Three billionaires dropped by a fried-chicken joint—and Jensen Huang bought everyone dinner

Nvidia’s Jensen Huang sparked a Korean-fried-chicken stock surge after a viral dinner in Seoul.

Fortune

Crypto’s second wave of ETFs arrives, investors snap up new Solana offering

New Litecoin and Hedera ETFs also launched, but to more modest demand.

Fortune

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Not even blue-collar jobs are safe from automation—the era of robots is here and for $20K you can already buy your first robo housekeeper

The latest home-intruder is a 5-foot-6-inch humanoid housekeeper, called Neo, created by 1X Technologies. It’s ready for pre-order at a cost of $20,000 (with a $200 deposit) with expected delivery in 2026.

Fortune

Powell suggested tech giants fueling the AI boom and GDP hardly care about Fed rate tweaks. They just proved him right

Powell said companies are “making money in building [data centers]—it’s not about 25 basis points here or there.”

Fortune

Former VP Kamala Harris says she went through a nine-hour interview to land the job—but she couldn’t escape ‘gold medal depression’ even when she won

Kamala Harris has made history as the first woman to take on the roles of San Francisco DA, California attorney general, and U.S. vice president—but no matter if she wins or loses, she’s always hit with emptiness.

Fortune

The IBM exec who wants to bring startup agility to big business

IBM’s top software leader says large organizations fail to innovate because they don’t iterate.

Fortune

AI empowers criminals to launch 'customized attacks at scale'—but could also help firms fortify their defenses, say tech industry leaders

Generative AI and more digital connections are opening up new avenues for cyberattacks.

Fortune

The haunting consequences of ignoring tech debt in an agentic AI world

I'm Accenture's global cyber AI reinvention leader and the U.S. spends $1.52 trillion on tech debt, constantly fixing aging or clunky software. Now that's spooky.

Fortune

Goldman Sachs CEO: AI’s opportunity is enormous, but ‘there will be winners and losers’

David Solomon sees artificial intelligence as a major catalyst for U.S. economic growth—but warns that the path ahead won’t be a straight line.

Fortune

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Yesterday’s bloodbath in stocks was ‘the end of the cutting season,’ BofA says: Now we’re on alert for the ‘fail risks’ of 2025

No major central banks are expected to cut rates again this year, BofA predicts.

Fortune

Meta’s $27 billion bet turns AI compute into Wall Street’s hottest new investment

As the AI data center build out charges ahead at full speed, a new asset class is emerging.

Fortune

Companies are trying to do too much with AI, says IT CEO

The key to extracting ROI from gen AI projects is to choose your lane—and stay there.

Fortune

Barry’s chairman unwinds at his own gym—but even he admits balance is elusive: ‘Many days I have to wake up and choose who I’m going to disappoint’

Barry’s chair went from joining the gym at 26 to running it—now, he still wears athletic wear to work, has the same lunch every day, and spends $2.70 a night for the best sleep of his life.

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Fortune

Billie Eilish calls on billionaires to give away their wealth—with Mark Zuckerberg in the room: ‘If you’re a billionaire, why are you a billionaire?’

“No hate, but yeah, give your money away, shorties,” she said at the WSJ Magazine Innovator Awards.

Fortune

The government shutdown won't be completely recouped—and it could cost the economy up to $14 billion, estimates say

The report says lost goods and services from furloughed workers’ downtime won’t be regained once the government reopens.

Fortune

Since ChatGPT launched, job openings are down 30% while the stock market is up 70%. One economist says the true culprit isn’t AI, but monetary policy

The relationship between job openings and stock market performance has been called “the scariest chart in the world.”

Fortune

CEOs who are also board chairs are the problem not the solution, says top governance expert

Also: All the news and watercooler chat from Fortune.

Fortune

The 'cybernetic teammate': How AI is rewriting the rules of business collaboration

An experiment at Procter & Gamble reveals that artificial intelligence isn't just a tool—it's becoming a teammate that can match human collaboration.

Fortune

Why corporate executives are not concerned about an AI bubble

Corporate executives are more afraid of missing out on tomorrow's AI capabilities than they that AI won't deliver ROI

Fortune

Goldman Sachs survey says only 11% of companies are actively linking layoffs to AI—but the real shock is yet to come

Just under half of companies are for now using AI to boost productivity and revenue.

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