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The Latest Breaking News from Fortune

The Fed just penciled in only one interest rate cut this year—but officials are divided on policy

While seven Fed officials are projecting one rate cut this year, four see no cuts, and eight see two cuts in a sign of a divided central bank.

Fortune

How a Facebook and Nike executive secretly pulled off a $5 million scam

Barbara Furlow-Smiles was a DEI manager for Facebook and Nike. She's now facing a five-year prison sentence.

Fortune

The hot metros of the pandemic are crashing back to earth as demand for their homes cools

Housing markets in Texas and Florida were once all the rage, so their home prices and rents soared, but now they’re falling in this very different economic environment.

Fortune

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Google CMO: There is a perception that AI is going to threaten the very nature of creativity. Here’s why I disagree

The future of AI is not set. It will be shaped by our actions today, writes Google's Chief Marketing Officer Lorraine Twohill.

Fortune

I picked Baton Rouge over New York or L.A. after earning an MIT engineering degree—and am loving its genuine sense of community

After the anonymity of bigger cities, the Louisiana capital’s culture and community has invigorated David Hou.

Fortune

Investors celebrate as an ‘unequivocally good’ inflation report opens the door for Powell to cut rates this fall

Fitch Ratings’ head of U.S. economic research called the CPI report “a delightful appetizer while we await the main course.”

Fortune

At least 35 of America’s billionaires are Ph.D.s. As academic jobs become scarce, doctorates should get down to business

It is estimated that the private sector now employs about as many Ph.D. graduates as educational institutions.

Fortune

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Jake Paul’s rare CVS trip to buy deodorant inspired his next business venture—and he refuses to follow the CEO playbook

Influencer-turned-boxer Jake Paul’s new personal-care brand W is a bid to win over Gen Z and Gen Alpha men.

Fortune

Hiring of new CFO reflects OpenAI's 'next phase,' CTO Mira Murati says

OpenAI now has two prominent female executives in its C-suite.

Fortune

As the chip race heats up, a new multipolar world is taking shape

Chip manufacturing will become like oil: There will be a small number of producers for something that everybody needs.

Fortune

Elon Musk and Larry Fink, at times ideological opposites, converge on shareholder democracy

Shareholder democracy is emerging as the middle ground between shareholder primacy and stakeholder capitalism.

Fortune

Building more housing is a top priority in these 10 YIMBY cities, Pacaso says

Residents of these cities are saying “yes, in my backyard” to new housing development.

Fortune

Adapt or die: Is the future bright for business amidst the AI boom?

Most companies have a short lifespan before falling victim to the latest technology—this year's Fortune 500 list proves otherwise.

Fortune

AI tools are illegally training on real children, including for explicit material

170 photos of Brazilian children have been scraped without parental consent, Human Rights Watch said.

Fortune

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Fortune

California’s homelessness 'solution' is a $1 billion deal for 1,200 tiny homes that might not even come with a bathroom

A year later, few are buying.

Fortune

CMT Digital turns to ex–Pantera Capital exec to help raise $150 million for fourth fund

CMT Digital is hoping to raise $150 million in its fourth fund.

Fortune

What I learned from a series of business failures before helping to build more than 100 corporate ventures

To create new business, a company must build it or buy it, argues Stryber founder Jan Sedlacek—business-model transformation won't work.

Fortune

Exclusive: This online learning platform just released free generative AI training for university leaders. Here’s what you need to know

Coursera’s “Generative AI for University Leaders,” which seeks to provide educators with a blueprint to balance the reality of their students and business needs.

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Fortune

Amazon’s customer service workers are worried they’re training their AI replacements

These concerns stem from a massive manager layoff and forced use of company software to resolve customer issues.

Fortune

Lurching to the right on migration won’t save Europe’s mainstream parties. Here’s why

Research found that it was socioeconomic factors that determined the switch to the right for rural voters, rather than xenophobia.

Fortune

Companies with good leadership are outperforming the Dow Jones and the S&P 500

This year, Nvidia replaced Microsoft at the top of Indiggo and Fortune's "ReturnOnLeadership Index."

Fortune

Co-living seemed like a perfect solution to the Gen Z and millennial housing shortage—but the closure of yet another pioneer reveals an uncertain future

Experts say venture capital has forced co-living companies to expand at an unsustainable rate.

Fortune

Homeowners are shelling out nearly $20,000 in hidden fees annually—'the same level as buying a used car every year'

Insurance, maintenance, homeowners’ association fees, and utility bills are making homeownership even more unaffordable.

Fortune

Booz Allen Hamilton CEO: America needs a whole-of-nation approach in its great power competition with China

U.S. businesses must come off the sidelines, writes Booz Allen Hamilton CEO Horacio Rozanski.

Fortune

Uniswap Labs acquires Crypto: The Game—‘It’s ballooned into this 24/7 crypto reality show’

Crypto: The Game has been likened to the Web3 version of "Squid Game."

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