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The Latest Breaking News from Fortune

DOGE cuts at IRS are ‘Christmas coming early’ for tax cheats, policy analyst says

Staff reductions have eliminated one-third of the of the IRS staff who collect tax money—with more on the way.

Fortune

Corporate giants ramp up AI spending amid persistent 'FOMO'

Massive AI investment is expected to continue this year.

Fortune

Every young worker can have an 'infinitely patient, senior' leader sitting beside them courtesy of AGI, says AI boss

Jason Warner, co-founder and CEO of poolside, said young workers have plenty to be optimistic about thanks to AGI.

Fortune

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Americans rushing to buy cars might get stuck with high interest rates and bad loan terms

As President Donald Trump’s auto tariffs go into effect, about 20% of car loans are now for seven-year terms, according to Edmunds.

Fortune

Jamie Dimon says AI will mean people live to 100: It's possible, says genetic testing CEO

Jamie Dimon says the next generation will live to 100, GeneDx CEO Katherine Stueland says three factors are needed to achieve this.

Fortune

‘Complete nonsense’ to choose between AI innovation and regulation, says U.K. lawmaker

Lord Chris Holmes of Richmond says AI regulation shouldn't be seen as a trade-off as the the U.K. crafts safety legislation.

Fortune

Exclusive: Statsig raises $100 million at $1.1 billion valuation after abandoned Datadog acquisition attempt

Statsig bet on itself. Datadog bought a competitor.

Fortune

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Hollywood runs a trade surplus and Trump’s tariff idea could jeopardize it

Unlike other trades Trump has sought to protect, the U.S. film industry runs a $15.3 billion surplus—more than that generated by the telecommunications, transportation, healthcare and insurance sectors.

Fortune

Exclusive: Bustle Group's Nylon is launching a free, invite-only club for 'young tastemakers' that aims to reinvent media business models

Nylon, the magazine owned by Bryan Goldberg's Bustle Digital Group, is launching a new membership program in late 2025 around a community of tastemakers and influencers.

Fortune

Warren Buffett will leave his successor nearly $350 billion in cash—where the money is parked and how it could be used

"We have made a lot of money by not wanting to be fully invested at all times," says Buffett.

Fortune

Like Tim Cook and Gen Z, AEG’s top exec eats the same lunch most days and wears the same outfit

Here’s how the entertainment giant’s Gen X president of global partnerships spends his time and money outside of work

Fortune

Medical researchers baffled by Trump administration's stop work order on system that makes clinical trials more efficient

“We had taken 15 years to build what was destroyed with a single email, halting vital research across the country.”

Fortune

While nearly everything gets more expensive, Sweetgreen CEO defends $16 salads, imploring customers to think about the long-term cost of their health

The fast-casual salad restaurant chain partners with local farmers to incorporate fresh produce into its meals.

Fortune

Why this third-year law associate quit over her law firm’s deal with Donald Trump

Having ethical concerns over law firms’ responses to the trump administration, some young lawyers are quitting their jobs.

Fortune

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A law associate making $300,000 a year at Skadden Arps quit over the firm's deal with Donald Trump

The president is targeting major firms and lawyers are quitting as a result.

Fortune

As the mighty Permian Basin slows, Canada stands to rise in the shale oil and gas world

Kimmeridge activist investment firm eyes Canadian producers and new LNG projects.

Fortune

Warren Buffett’s retirement—and the twists and mysteries that preceded it

Also: Trump wants a tax on all foreign movies, “tariff washing” is China’s new growth industry.

Fortune

Not only was Buffett a successful investor, his wisdom will last forever. Here are some of his best quotes

“You know, Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.”

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Fortune

Gen Z women are being sold a risky dream: the realities behind 'investing' in designer bags like the Hermès Birkin

Gen Z is obsessed with the Hermès Birkin thanks to viral TikTok posts promising higher returns from the luxury handbag than the stock market.

Fortune

Commerce Secretary Howard Lutnick says Trump’s tariffs will create ‘great jobs of the future’—fixing factory robots. Experts disagree

The plan to resurrect the industrial boom of the early 20th century has long odds of succeeding, Rutgers professor Eric Blanc said.

Fortune

Buffett warned about trade deficits in 2003 and proposed ‘import certificates’ but says trade should not be a weapon

“It’s gimmicky, but it’s certainly a lot better than anything I think we’re talking about now,” Buffett said of his idea.

Fortune

A North Korean agent applied for a job at a popular crypto firm: They tripped him up with a simple question about Halloween

A network of North Korean operatives is trying to get access to American companies.

Fortune

Gen Z is actually the most enthusiastic generation about working in the office. They want to be there 3 days a week

Having missed out on in-person interactions during the pandemic, Gen Zers want to see their coworkers at the office.

Fortune

Trump got a strong jobs report, but maybe not the way he wanted

The bulk of new jobs in April came from industries that do not necessarily reflect the administration’s priorities.

Fortune

The 3 steps smart CEOs are taking in a volatile tariff environment: Russell Reynolds CEO Constantin

Economic and geopolitical uncertainty are top of mind for C-suite leaders, according to the latest report on leadership advisory firm Russell Reynolds.

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