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The Latest Breaking News from Fortune

Meet Trump’s next Fed Chair Kevin Warsh: He wants a back-seat central bank, a more bullish monetary policy, and for his dog to live a really long time

Trump confirmed Warsh as the Fed chair nominee Friday morning. Here’s what might be in store for the central bank.

Fortune

Starbucks CEO Brian Niccol's turnaround plan includes measuring stores on just five metrics

Also: All the news and watercooler chat from Fortune.

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Gen Z believes using AI is making their colleagues dumb and lazy, but may paradoxically see it as key to their own promotion, Wharton says

Nearly 80% of Gen Z believes AI is making people lazier, but the young generation has increased how much they’re using the technology, a Wharton-led survey finds.

Fortune

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German prosecutors’ raid on Deutsche Bank hurts the lender’s attempts to leave its long history of compliance failures in the past

Investigators combed through the bank’s Frankfurt and Berlin headquarters just before it reported record annual profits.

Fortune

Pfizer CEO says he used ‘emotional blackmail’ to get employees to achieve impossible goals during COVID-19

Albert Bourla admitted to going to extreme lengths to “save the world” and get the vaccines out faster during the COVID-19 pandemic.

Fortune

Top engineers at Anthropic, OpenAI say AI now writes 100% of their code—with big implications for the future of software development jobs

As AI coding tools become more sophisticated, engineers at leading AI companies are stopping writing code altogether

Fortune

Walmart doubles down on health, promoting 3,000 pharmacy workers and upping earning potential—with no college degree requires

A Walmart spokesperson told Fortune it’s “very easy” for associates in other roles to move into a pharmacy job.

Fortune

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Sergey Brin makes his biggest donation ever to tackle California’s housing crisis, weeks after moving to the Nevada side of Lake Tahoe

Weeks ago, the Google cofounder moved to a $42 million mansion on the Nevada side of Lake Tahoe. But he’s concerned about housing across the border.

Fortune

OpenAI CEO Sam Altman opts to text in lowercase—but Gen Z shouldn’t copy him if they want a shot at starting their career, experts say

Typing like ChatGPT boss Sam Altman might be cool online—but the habit could hurt Gen Z’s chances at jumpstarting their careers.

Fortune

The real promise of AI isn’t fewer jobs, it's cheaper thinking

I founded one company that sold for $1.5 billion, and another with $150 million in funding, and I see the AI ROI debate as a leadership failure.

Fortune

The midlife crisis is only getting worse in the U.S.

Around the world, the middle-aged seem to be doing quite well. It’s a different story in the U.S.

Fortune

Get used to the K-shaped economy. It’s likely here until 2035, thanks to AI’s outsize benefit for the wealthy

“Eventually, it might bring things together, but in the meantime ... it’s unlikely that AI helps at all with the K-shaped economy,” Innes McFee, CEO of Oxford Economics, tells Fortune in an exclusive interview.

Fortune

A once-unthinkable C-suite appointment solidifies Walmart's new identity as a tech company

Also: All the news and watercooler chat from Fortune.

Fortune

California billionaires’ revolt over a wealth tax is ‘nonsense,’ architect says: A 1% annual tax won’t doom anyone’s business

UC Berkeley professor Brian Galle told Fortune he’s an “enthusiastic capitalist” and his tax ideas have nothing to do with harming the U.S. economy.

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Bonds 101: What investors need to know about the 'shock absorber of the portfolio'

Many investors ignore them, but bonds can help protect your assets when stock prices tank.

Fortune

How Samsung's first-ever chief design officer is reinventing the electronics giant for the AI age

Samsung turns to an outsider—Mauro Porcini—to conceive of AI-powered products that resonate with consumers and give the Korean giant a more global voice.

Fortune

Archer Daniels Midland hit with $40M fine in price-fixing probe, 30 years after fraud scandal

The SEC alleges ADM misled investors about profits in its nutrition segment, with former executives facing civil penalties.

Fortune

Judge hits Chinese crypto scammer who helped swindle $37 million from U.S. victims with 46 month sentence

The fraudster was part of a ring that carried out a scam known as pig butchering.

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news in one place.

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Fortune

LinkedIn knows your CV and degree are becoming irrelevant. It has a plan for that

LinkedIn is betting on skills over degrees with new AI verification tools.

Fortune

Why Ashley St Clair, MAGA influencer and Elon Musk's ex, is taking on his AI empire

Conservative influencer Ashley St Clair says Grok generated explicit deepfakes of her—including images from when she was 14. Now she's fighting xAI and Elon Musk.

Fortune

Exclusive: Snout, pet wellness plan startup, raises $110 million in debt and equity

Snout has raised $10 million in Series A funding, led by Footwork, and $100 million in debt financing from Clear Haven Capital Management, the company has exclusively confirmed to Fortune.

Fortune

Self-driving startup Waabi raises up to $1 billion and partners with Uber to deploy 25,000 robotaxis

The AI company, which had been focused on software to enable autonomous trucking, has now expanded into robotaxis

Fortune

CEO of Glassdoor and Indeed parent says AI is not replacing workers: 'We're not seeing that kind of data at all'

Also: All the news and watercooler chat from Fortune.

International Business Times UK

10 CEOs Who Admitted They're Replacing Workers with AI in 2026 — And One Cut 80% of His Staff

Corporate leaders from Amazon to Salesforce have publicly confirmed that AI is eliminating jobs, with survey data showing 37% of companies expect to replace roles by the end of 2026.

Fortune

Fortune 500 CEOs are no longer giving an A for effort. Now they want proof of impact

Revamped performance reviews from Mark Zuckerberg, Jane Fraser, and Andy Jassy signal a new management focus on tangible results.

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