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The Latest Breaking News from Fortune

Economist behind K-shaped economy sees a 'sea of despair' for the bottom 90% and a 'crisis of confidence' in the American dream

“At the bottom, this mindset develops where they recognize that they may never win, but that doesn't mean, ‘I can't help you lose,’” Peter Atwater said.

Fortune

Self-made millionaire Barbara Corcoran reveals her ‘golden rule’ of real estate investing

The “Shark Tank” star with a $100 million net worth says paying 20% down is key—and explains why.

Fortune

In just 15 years, the average U.S. homebuyer went from 39 to 59 years old: Top analyst reveals how the housing market has warped in one generation

The first-time homebuyer just hit 40 years old for the first time ever, but the average homebuyer is nearly a senior citizen.

Fortune

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The CEO of $2.2 billion AI company Turing can’t live without ChatGPT, swears by his Kindle, and has only taken 2 weeks of vacation in 7 years

Turing cofounder and CEO Jonathan Siddharth loves his VR headset, F1 video games, and Oura ring, but says the greatest investment is “creating memories and experiences that give you perspective and keep you grounded.”

Fortune

Hilton's CEO focused on rebuilding the hotel giant's culture. Now its staff turnover is about half the industry rate

Also: All the news and watercooler chat from Fortune.

Fortune

Cloudflare CEO says Google is abusing its monopoly in search to feed its AI

“Google is using a dominant position that they have in search to leverage their way into AI," Matthew Prince says.

Fortune

JLL Global CEO Christian Ulbrich: There is no 'silver bullet' NYC mayor-elect Zohran Mamdani can shoot to make the city affordable again

"We are very open, if our advice is asked, to help the new mayor," Ulbrich told Fortune.

Fortune

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Marriott abruptly cut ties with Sonder, leaving thousands of hotel guests stranded: It's 'inconceivable' they would treat humans that way, guest says

Travel advisor told Fortune there’s no precedent for the debacle. “Sorry, that's not justifiable at all.”

Fortune

Older generations bash Gen Z for 'doom spending.' But experts say there's a good reason why people splurge when they're young

“My aspiration for material stuff is the inverse of what else I have to offer the world,” The Psychology of Money author said.

Fortune

Elias Torres’s Agency raises $20 million Series A to chase agentic AI for customer success

Founded in 2024, Agency has raised its $20 million Series A, led by Menlo Ventures, Fortune has exclusively learned.

Fortune

How CEOs are navigating the global economy's 'frog-boiling' conditions

Also: All the news and watercooler chat from Fortune.

Fortune

Coinbase and stablecoin startup BVNK call off $2 billion acquisition

BVNK was previously fielding offers from not only Coinbase but Mastercard.

Fortune

Alexis Ohanian ignored Paul Graham’s warning that Reddit’s ‘terrible’ name would be ‘poison’. Now it’s a $38 billion business

“Disregarding that advice was definitely one of the things I got right,” Ohanian said.

Fortune

CEOs regain some confidence—but still keep a cautious hand on the wheel amid tariffs

The latest Fortune and Deloitte survey of CEOs shows optimism returning, though geopolitical risks remain a concern.

Fortune

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Fortune

Flights won’t just 'bounce back' after the government shutdown ends, airlines association warns. Here are all of the airports that are delayed

It could take days following the end of a government shutdown to return to normalcy at airports.

Fortune

Exclusive: AI won't become a bubble as long as everyone stays 'thoughtful and disciplined,' Microsoft's Brad Smith says

Other than that, "we feel good about the investments we've made," Smith said.

Fortune

Warren Buffett's last shareholder letter offers 5 lessons for CEOs

Also: All the news and watercooler chat from Fortune.

Fortune

These current Fortune 500 CEOs have served in the armed forces, including a foreign military

As Americans observe Veterans Day, here's a look at current Fortune 500 CEOs who have served in the military.

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Fortune

You don’t hate AI because of genuine dislike. No, there’s a $1 billion plot by the ‘Doomer Industrial Complex’ to brainwash you, Trump’s AI czar says

Remember “Effective Altruism?” The movement led by disgraced crypto kingpin Sam Bankman-Fried is back, lobbying against AI.

Fortune

The CEO who transformed Coach into a luxury powerhouse shares the grueling interview process he uses to vet candidates

Lew Frankfort, who helmed $5 billion luxury giant Coach for nearly 30 years, developed a three-part “immersive interviewing” tactic to “force a level of honesty” among job candidates.

Fortune

Ring's founder went from shoveling horse stalls to selling to Amazon for $1.15 billion and says work-life balance is a myth

Rejected from most Shark Tank investors—including Mark Cuban—Jamie Siminoff built Ring into a billion-dollar empire—one sleepless night at a time.

Fortune

Scott Galloway warns of ‘nowhere to hide’ in markets if the OpenAI story unravels

"If the music stops, there's not only not any chairs, there's like hot coals they're all going to sit on. It's going to be ugly."

Fortune

A staggering 84% of Gen Z say they’re delaying milestones to buy a house. There’s 'no single fix' for the affordability crisis, real estate exec says

Other recent data solidifies just how difficult it’s been for younger generations to break into the housing market.

Benzinga

Are Mag 7 Stocks Driving A 'K-Shaped Economy' As Wealth Gap Widens? Analysts Weigh In

The U.S. economy is increasingly becoming a ‘K-shaped economy,’ with the fortunes of wealthy consumers and those at the lower end of the income spectrum diverging, say analysts.

Fortune

AirOps raises $40 million Series B at $225 million valuation to rethink marketing in the age of AI

Why Greylock is taking a bet on the future of SEO.

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