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The Latest Breaking News from Fortune

Gen Z are arriving to college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates

With Gen Z students struggling to read, academics have been forced to adapt—a move critics describe as “coddling” the next generation of workers.

Fortune

Walmart’s CEO Doug McMillon out-earns the average American’s salary in less than 20 hours—during a typical 30-minute commute, he’s already made $1,563

Outgoing Walmart CEO Doug McMillon started out at the company making $6.50 hourly unloading trailers, and after four decades of climbing the ranks, he now fetches $75,000 every day.

Fortune

Netflix's competition isn't sleep anymore. Its battle against YouTube is like fighting an 'infinite number of monkeys,' top strategist says

Media disruption expert Doug Shapiro is writing a book about "infinite content" through his Substack, The Mediator. He talked to Fortune about what's next.

Fortune

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Lawmakers and victims criticize the choice to limit Grok's AI image generation to paid users as 'insulting' and 'not effective'

The restriction comes as regulators worldwide threaten enforcement action over Grok's generation of thousands of non-consensual deepfakes per hour.

Fortune

CEOs reveal how they train their bodies and minds for the 'marathon' job, from playing chess to 'energy management'

Also: All the news and watercooler chat from Fortune.

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Verizon chief talent officer on why retail and hospitality jobs can be powerful career starters for millennials and Gen Z

As AI steals entry-level office jobs, Verizon’s chief talent officer says Gen Z grads should be 'open to a different path.' Namely, retail and hospitality.

Fortune

Trump already has open door to grow U.S. military presence in Greenland thanks to a little-known Cold War-era agreement between the U.S. and Denmark

“This agreement is very generous, it's very open,” one foreign policy expert said. “The U.S. would be able to achieve almost any security goal that you can imagine under that agreement.”

Fortune

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Three things Trump did in 24 hours to show that he's in control of American business

“He’s taking an extreme left-wing position which looks like state capitalism,” said Jeffrey Sonnenfeld, a longtime corporate governance scholar and the founding dean of Yale’s Chief Executive Leadership Institute.

Fortune

As Utah lets AI handle some routine prescription renewals, physicians warn of patient risks

State officials see the pilot as a way to expand healthcare access, but the American Medical Association warns that removing physicians from clinical decisions puts patients at risk.

Fortune

Trump tariff win could give him sweeping tax powers, experts say

The legal argument justifying the president’s tariffs grants the executive branch powers reserved for Congress.

Fortune

Google and Character.AI agree to settle lawsuits over teen suicides linked to AI chatbots

The cases include claims that a chatbot engaged a 14-year-old in sexualized conversations before his death and encouraged another teen to harm his parents for limiting screen time.

Fortune

Jensen Huang sports black leather jackets worth thousands of dollars—'It’s the revenge of the nerds'

The Nvidia CEO has had his signature black leather jacket look for at least the past 20 years.

Fortune

Invictus-backed cybersecurity company ThreatModeler acquires competitor IriusRisk for over $100 million

As AI coding increases, so does the need for robust cybersecurity practices, CEO Matt Jones told Fortune.

Fortune

From factory floors to offices: Physical AI is 'going to be massive'

Qualcomm CEO Cristiano Amon discussed the future of physical AI at a Fortune Brainstorm Tech dinner.

Fortune

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If the Supreme Court rules against Trump's tariffs it could threaten one third of his proposed military budget

Most observers are expecting the court to strike down his tariff regime or at least curtail it.

Fortune

Saks Global's near bankruptcy is the result of risky dealmaking—and a neglect of business basics

Also: All the news and watercooler chat from Fortune.

Fortune

AI layoffs are looking more and more like corporate fiction that's masking a darker reality, Oxford Economics suggests

"Firms don't appear to be replacing workers with AI on a significant scale," the firm said. It suspects some are trying to "dress up layoffs" as good news.

Fortune

Americans missed out on a 'once-in-a-lifetime' chance to buy a house—the 3 shifts it would take to make housing affordable are 'very unlikely'

“We see the housing market remaining relatively stuck without major progress being made on affordability,” home construction CEO says.

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Trump’s Greenland takeover would require ‘billions upon billions’ spent over decades to acquire a mineral industry that doesn’t yet exist, experts say

As the White House confirms military force is "always an option," experts say the costs—financial, strategic, and geopolitical—will be staggering.

Fortune

Jensen Huang might be fine with a billionaires tax, but Google cofounder Larry Page is already dumping California

Page converted several of his assets out of California before the end of 2025, according to state filings.

Fortune

Top economist says latest jobs data shows a 'gut-wrenching’ labor market for the middle class

“We’re growing, but we can’t generate jobs,” KPMG chief economist Diane Swonk told Fortune. “Never seen anything like it.”

Fortune

Mamdani advisor under fire for resurfaced ‘white supremacy’ tweets but landlords are really upset about hearings ‘to shame and embarrass them’

Amir Korangy of The Real Deal told Fortune that Cea Weaver is “outranked by moderate Mamdani allies” and has no authority to seize buildings.

Fortune

Staff at a major Swedish pharmacy chain are being paid to take time off with friends to combat loneliness—they can even text loved ones during the $100 ‘friendship hour’

Pharma chain Apotek Hjärtat is footing the bill for its employees to text their friends, go out to lunch, or catch up over a phone call. It could help combat the $154 billion workplace isolation issue.

Fortune

Student loan borrowers: The Education Department is garnishing wages for millions in default. Here is who is affected and how much they can take

Wage garnishment "is a scary concept since they can take 15% of after-tax income," Ashley Morgan, debt and bankruptcy attorney and owner of Ashley F. Morgan Law PC, told Fortune.

Fortune

Fireblocks acquires crypto accounting platform TRES Finance for $130 million

This is the crypto infrastructure firm’s second acquisition over the past year.

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