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The Latest Breaking News from Fortune

Believe it or not, there’s a housing surplus—but not for people who can’t afford a home, study finds

McMansions from the real estate bubble mean the housing market has more than enough homes for people. They are just too expensive.

Fortune

Chime to buy Salt Labs for as much as $173M in push to expand ahead of possible IPO

Salt Labs’ CEO, whose career arc has been tumultuous, will join Chime.

Fortune

Rumors of American consumer strife are greatly exaggerated, Affirm CEO and PayPal cofounder says

Any customer’s inability to pay is a mistake on Affirm’s side, Max Levchin added. And he’s got the numbers to prove it.

Fortune

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PayPal cofounder Max Levchin's traumatic debt experience motivated him to create Affirm. Now he's dreaming of a world without credit cards

But the jury’s still out on whether his buy-now, pay-later system is any better—or different for consumers.

Fortune

Bosses are lying to burned-out employees by posting fake jobs to give false hope that help is on the way

Posting fake jobs can cause "irreparable damage" for employers, one interviewing platform executive says.

Fortune

Housing insurance is melting down in several property markets as climate change renders old assumptions obsolete

The first time a property floods, it’s an insurance problem, and maybe the second time, but after that, it’s an equity and debt problem.

Fortune

Departing Nvidia VP salutes Jensen Huang's leadership, and pinpoints the 3 key principles he taught her

After 7 years of working for Nvidia’s CEO Jensen Huang, the chipmaker's outgoing VP said that her boss taught her about the importance of first principles thinking, zero-billion dollar markets and speed-of-light execution.

Fortune

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Boeing braces for battle—with its own union

The clock is ticking as Boeing’s 32,000-strong union negotiates to ‘save the company from itself’—even if it takes a costly strike

Fortune

A summer job can set teens up for a lifetime of success, experts say

After a decades-long decline, the percentage of teens getting summer jobs is on an upswing.

Fortune

As presidential campaigns court the votes of 50 million crypto investors, it’s time to reintroduce America to blockchains’ real benefits

This election year, crypto is in the spotlight—and both major presidential campaigns are paying attention.

Fortune

Saudi Aramco's AI push: Why the world's biggest oil company is spending big on GenAI

The world's biggest oil and gas company is sinking its profits into LLMs to make drilling more efficient—and to prepare itself for a future after peak oil.

Fortune

Welch’s wants to grow up with ’90s kids by turning juice into vodka

Wine to juice and juice to alcohol: the former temperance company pulls on the nostalgia chords especially for younger generations

Fortune

Real estate CEO says pandemic boomtowns in Florida and Texas are overvalued—and in some cases, are crashing

“These pandemic boomtowns, they just got way too expensive over the last two or three years,” chief executive of Reventure Consulting and Reventure App said.

Fortune

Ring's inventor was 'completely broke' before pitching his $1 billion idea to 'Shark Tank' and Amazon

Jamie Siminoff had a rough start to his video-doorbell company before getting some help from Shaq and Richard Branson.

Fortune

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Fortune

Treasury Secretary Janet Yellen blames Trump’s tax cuts for ‘many of the problems’ with the U.S.’s soaring budget deficit

Yellen says Trump’s policies gave tax breaks to wealthy corporations and individuals while increasing the national deficit.

Fortune

RIAA lawsuits against Suno, Udio and Perplexity's broken pledges show the perils of AI's 'move fast, break sh-t' culture

The RIAA sues Sonu and Udio, and Perplexity gets caught seemingly violating its own pledge to not scrape websites that have opted out of scraping—both stories that show AI has a consent problem.

Fortune

Baby boomers are abusing marijuana at a higher rate as more Medicare beneficiaries turn to cannabis with ‘little other safe choices for pain or sleep’

People are living longer and looking for ways to ease the symptoms of aging, according to a medical marijuana expert.

Fortune

How to nominate an executive for Fortune's Most Powerful Women list

For Fortune’s 27th annual MPW list, we’re eager to discover new executives who should be on our radar.

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news in one place.

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Fortune

Why the Pentagon’s overtures to the private space industry are good news for Europe

The world is becoming more volatile. The silver lining is that closer collaboration between the U.S. and its allies will boost to the private space sector.

Fortune

Exclusive: Route raises $40 million Series C at a $1.4 billion valuation

Route has raised $40 million in its Series C, valuing the company at $1.4 billion, Fortune can exclusively report. The round was led by Hanaco VC, and included Jaws Ventures, Madrona Ventures, and Granger.

Fortune

Some of the youngest Fortune 500 CFOs share an interesting common thread: They're homegrown talent

Fortune highlights finance chiefs reaching the C-suite before turning 40.

Fortune

Real estate school ‘for the modern student’: Reviewing AceableAgent

AceableAgent's real estate agent training is the "best overall" according to Fortune's ranking.

Fortune

The CEO behind Singapore’s largest realtor thinks the city’s housing market will stay cool through the year—but he’s ‘very excited’ about 2025

PropNex, a Singapore-based firm, is the only real estate agency on the inaugural Fortune Southeast Asia 500.

Fortune

Millennials’ fast-fashion favorite Forever 21 can’t keep up with e-commerce giant Shein’s meteoric rise

Shein acquired one-third of Forever 21’s parent company in 2023, but retail experts say the relationship is no longer beneficial to the Chinese e-commerce giant.

Fortune

A new Google Shopping exec spent 15 years at Amazon: Here’s his plan to hijack Prime Day

Google Shopping GM Sean Scott says it’s “fiscally irresponsible” to start online shopping anywhere besides Google.

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