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The Latest Breaking News from Fortune

Vesta, mortgage infrastructure startup, reports growth at high-pressure time in housing

Vesta's last public round was announced in 2022, a $30 million Series A, and Fortune can now report that the company has raised an additional $20 million.

Fortune

Nvidia shares plunge 9% as Trump’s tariff crackdown and Singapore AI server smuggling arrests shake chip giant

The aggressive tariff plans prompted a broader market pullback, as concerns over trade restrictions sent stocks reeling and the Dow plunging more than 600 points.

Fortune

Disney's former Marvel and Star Wars dealmaker cautions Amazon on James Bond 'brand withdrawals'

Candle Media CEO Kevin Mayer warns Amazon: Don't shake Bond's brand, stir carefully.

Fortune

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Home sellers are ‘waking up to reality’ and are slashing prices to combat stubbornly high mortgage rates

Realtor.com’s chief economist predicts “further price softening” for the spring.

Fortune

U.S. pauses cyber-offense activity against Russia as Trump tries to end Putin's war on Ukraine, reports say

The pause that Hegseth ordered is meant to remain in effect while negotiations to end Russia’s war on Ukraine are ongoing, the Washington Post reported.

Fortune

Poshmark’s CEO lets his Gen Z workers chose what he wears—he says it helps him ‘immerse’ into the next generation’s thinking

Manish Chandra taps young employees to revamp the fashion company’s app, and suggest new brands to be added to the site.

Fortune

23andMe CEO Anne Wojcicki trying to buy DNA testing app she sold for $6bn for just $75m

The CEO has joined forces with venture capital firm New Mountain Capital in the bid to take the company private

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Former Intel directors strongly oppose TSMC takeover, call for Intel fabs spinoff

Former Intel directors say TSMC fabs takeover is a terrible idea, but fab spinoff to a consortium of companies is a good idea.

Tom’s Hardware

SpaceX’s Starlink could have some advantages over Verizon in bid for FAA contract takeover, experts say. It could also trigger a slew of conflict-of-interest lawsuits from competitors

The FAA is reportedly considering ending a $2.4 billion contract with Verizon to update its communication technology and instead award it to Elon Musk’s SpaceX.

Fortune

23andMe was once worth $6 billion. Now CEO Anne Wojcicki wants to buy it back for $42 million

Experts say the CEO’s second attempt to buy back the troubled DNA startup comes with a slew of corporate governance red flags.

Fortune

Intel is back—stop talking about breaking it up: Craig Barrett

If we want semiconductor manufacturing leadership in the U.S., then build on the current resurgence of Intel, don’t tear it apart.

Fortune

Elon Musk overhauled the Obama-era Digital Services agency and turned it into DOGE. Ex- employees say it betrays the original mission

The U.S. Digital Service was created in 2014 to bring digital best practices to the federal government. In its new incarnation, the office is focused on eliminating bureaucracy and cutting costs.

Fortune

Citigroup's $81 trillion mistake is a warning sign 'that operational risk is still a ticking time bomb in banking,' expert says

It took three employees and several hours for Citigroup to realize it credited a customer account with $81 trillion instead of $280.

Fortune

Bitcoin plunges 28% from all-time high as Trump pump turns into slump

Trump’s tariff threats are weighing on the crypto market as investors flee risky assets.

Fortune

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Fortune

Exclusive: Former House Financial Services chair Patrick McHenry joins crypto firm Ondo Finance

McHenry continues to advocate for crypto legislation, including for stablecoins, in Congress.

Fortune

A new Supreme Court case could change how employment law is practiced—And how HR leaders do their jobs

A straight woman says she faced discrimination after two LGBTQ+ employees obtained jobs she claimed they did not deserve.

Fortune

Companies may be rolling back their diversity policies but investors keep voting down anti-DEI shareholder proposals

Investors at Costco, Apple, and John Deere have all rejected anti-DEI proposals within the past month.

Fortune

Wall Street worried that new tariffs will turn the Trump bump into a slump

Even unfilled tariff threats are beginning to alter consumer and business behavior, with markets stumbling on news of yet more sanctions on China.

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Fortune

Meet the 8 Black Fortune 500 CEOs leading companies with over $228 billion in combined revenues

Black CEOs represent 1.6% of the largest U.S. corporations.

Fortune

JPMorgan accused of evading capital requirements

JPMorgan was accused of evading capital requirements created to prevent another financial crisis—a claim the bank denies. Is the Fed looking the other way?

Fortune

Bosses beware, Gen Z are ‘task masking’—tricking managers into thinking they’re working after being hit with a return to office mandate

Gen Z workers are using the increased focus on in-office presence to “task mask”. But experts warn it could lead to further stress and burnout.

Fortune

Spot Bitcoin ETFs experience record outflow, bleeding over $1 billion in one day

Despite the record outflows, Bloomberg analyst says it’s “par for the course.”

Fortune

Trump’s FTC chair is looking to ‘combat inflation by making sure wages stay up’

The new head of the Federal Trade Commission, Andrew Ferguson, appears set to carry forward his predecessor Lina Khan’s torch and crack down on anti-worker policies and illegal mergers.

Fortune

Trump's threats against Hamas actually worked, father of American hostage in Gaza says

Although Edan Alexander has yet to be released, his father gave credit to both the Biden and Trump administrations for working diligently to free the hostages.

Fortune

Gen Z investors are four times more likely to own crypto than retirement accounts—here’s how financial experts say they should actually invest

Thanks to Elon Musk and Reese Witherspoon, Gen Z’s obsession with crypto is skyrocketing. Experts say the product is risky. But they have advice for those looking to invest.

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