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The Latest Breaking News from Fortune

Inside the $22 trillion world of private capital, an asset class so big it would be the world's second-largest economy

And a look inside the $1.5 trillion-$3 trillion private credit space that is emerging within it as the backbone of the great data-center buildout of 2025.

Fortune

'The Bermuda Triangle of Talent': 27-year-old Oxford grad turned down McKinsey and Morgan Stanley to find out why Gen Z’s smartest keep selling out

Simon van Teutem talked to Fortune about “the illusion of infinite choice, and the social status … You’re always looking for the next level, the Harvard after Harvard, the Oxford after Oxford.”

Fortune

Saudi Arabia's minister of investment on Vision 2030 and the world's search for reliable partners

In conversation with Fortune Editor-in-Chief Alyson Shontell, H.E. Khalid Al-Falih described a world where "everyone is concerned" about supply chains.

Fortune

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Meet all 37 White House ballroom donors funding the $300 million build, including Silicon Valley tech giants, crypto bros and the Lutnicks

The list, reviewed by Fortune, did not mention specific dollar amounts offered by each contributor.

Fortune

Miami's outgoing mayor warns about what he sees happening in New York and the 2 cities' different approaches to next summer's World Cup

Although Suarez is proud of his tenure, "we used to be a lot more affordable than New York, until all the New Yorkers came and now we're close in price."

Fortune

Meet the billionaire couple who not only signed The Giving Pledge but actually delivered—donating nearly half their fortune while still alive

Since signing in 2010, John and Laura Arnold have given away $2 billion to date.

Fortune

Target spotlights support for Black founders after DEI backlash

The RICE partnership takes center stage following a DEI pullback, declining sales, and CEO transition

Fortune

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After Microsoft invested $13 billion into OpenAI, its AI chief is slamming erotica chatbots: ‘This is very dangerous’

OpenAI CEO Sam Altman defended a newly announced erotica feature for ChatGPT, saying his company is “not the elected moral police of the world.”

Fortune

Ford CEO thanks President Trump for latest tariff policies: 'We are no longer disadvantaged'

Ford beats in Q3, but trims outlook as tariffs, supplier fire reshape its 2025 playbook.

Fortune

Cognizant CEO Ravi Kumar S on the ‘Hollywood model’ and going with your gut

Also: All the news and watercooler chat from Fortune.

Fortune

CEO of IT firm with 350K workers says AI will create more entry level jobs

Ravi Kumar S of Cognizant Technology Solutions says AI will widen the base of corporate employment and ‘the path to expertise is going to be faster.’

Fortune

Former BLS chief warns Powell is “flying blind” at a pivotal time for the Fed

A once-obscure data-sharing deal between ADP and the Fed helped shape monetary policy for years—until it abruptly vanished.

Fortune

Meghan Markle Reportedly 'Ready To Walk Away' As Prince Harry Pushes To Move Back To The UK

Tabloid claims that Meghan Markle is 'ready to walk away' if Prince Harry presses to move back to Britain, but on-the-record interviews show Harry expressing a desire to bring his children to the UK while Meghan focuses publicly on family and business.

International Business Times UK

Amazon will give its delivery drivers AI-powered smart glasses, promising to make the job safer, faster amid automation push

Recent reports citing Amazon’s internal documents found the company plans to automate 75% of its operations—translating to up to 600,000 potential future jobs.

Fortune

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The U.S. housing market is in spooky season: 15% of home sellers are getting ghosted by buyers

“It’s a buyer’s market in most of the U.S.,” according to Redfin.

Fortune

‘That would be neat’: American businesses eye $1 trillion in tariff refunds—and a long fight ahead—depending on the Supreme Court

The top court will begin hearing arguments on the legality of the levies under the International Emergency Economic Powers Act beginning next month.

Fortune

Generation Lab raises $11 million, becoming Accel’s first longevity bet

Accel has led longevity startup Generation Lab’s $11 million seed round, Fortune has exclusively learned.

Fortune

Budget watchdog on $38 trillion national debt: ‘It’s tough to decide what the most appalling part is of today’s announcement’

The Committee for a Responsible Federal Budget is glum: “The reality is that we’re becoming distressingly numb to our own dysfunction.”

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Fortune

Experts warn OpenAI’s ChatGPT Atlas has security vulnerabilities that could turn it against users—revealing sensitive data, downloading malware, and worse

Experts caution that AI-powered browsers like ChatGPT Atlas could open the door to new kinds of attacks—from prompt injections to data leaks—as artificial intelligence becomes more deeply woven into the web.

Fortune

Corning CEO says Steve Jobs pressured him into making all the screens for the first iPhone: ‘Do you know what your biggest problem is? You’re afraid’

According to Wendell Weeks, Jobs said if Corning couldn’t help Apple deliver on “the biggest product in history ... I’m going to eviscerate you.”

Fortune

A recession could test whether AI is truly fueling an economy with 'jobless growth'

Also: All the news and watercooler chat from Fortune.

Fortune

Tesla reports record sales, record storage—but profit slips as tax-credit rush pulls demand forward

Tesla posted all-time highs in vehicle deliveries and energy storage deployments in Q3, lifting revenue, but compressed automotive margins and a pull-forward surge before U.S. EV tax credits expired weighed on earnings and set up a tougher Q4 demand backdrop.

Fortune

Crypto lost 1,000 jobs to AI since ChatGPT launched—but gained them back from other sectors, says a16z report

The top Silicon Valley venture firm also highlighted crypto users’ interest in privacy in its annual state of crypto briefing.

Fortune

The S&P 500 is close to market peak based on how many 'bear market signposts' it's hitting, BofA says: a whopping 60%

The index is "statistically expensive on everything" and is trading above Tech Bubble levels on nine different metrics, according to Bank of America.

Fortune

As government shutdown persists, ICE agents are among the still-paid employees receiving ‘super checks’ including lost pay and overtime

Public finance expert Linda Bilmes says the “arbitrariness” of who gets paid and who doesn’t during shutdowns exposes the “dysfunction” of the budget approval process.

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