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The Latest Breaking News from Fortune

BYD Surpasses Tesla In Fortune Global 500 List Amid Sales Slump For Elon Musk's EV Giant

BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) has surpassed Tesla Inc. (NASDAQ:TSLA) on the Fortune Global 500 list.

Benzinga

Jerome Powell has a chance to appease Trump with a rate cut, so will he? Not likely

Analysts see signs of a shift toward easing—possibly beginning in September—but with no guarantees offered after this week's meeting.

Fortune

Inside the CIA-backed venture fund that helped launch Palantir and Google Earth

In-Q-Tel has brought Silicon Valley thinking to Washington’s defense establishment—and funded a host of James Bond spy gadgets.

Fortune

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BYD passes Tesla on Fortune’s Global 500 as once-dominant U.S. companies give way to foreign rivals

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Fortune

Many students in China are choosing to learn AI mostly out of ‘guilt or shame,’ not because they enjoy it, study finds

Students in China may fear “losing face” around peers, with the rejection of AI learning seen potentially as a sign they are inferior or lagging behind.

Fortune

Tom Hayes, the UBS trader who spent 5 years in prison unjustly convicted of rigging interest rates, describes what it’s like to be vindicated

Hayes’ conviction was overturned last week after the U.K. Supreme Court ruled he had not received a fair trial.

Fortune

Housing market ‘purgatory’ for existing home sales as activity falls to lowest level in 9 months

“No matter how you look at it, this is an unhealthy housing market,” ResiClub’s Lance Lambert told Fortune Intelligence.

Fortune

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A copyright lawsuit over pirated books could result in ‘business-ending’ damages for Anthropic

The lawsuit centers on Anthropic’s use of books to train its LLM, Claude, and could leave the company on the hook for billions of dollars’ worth of damages.

Fortune

Goodbye 4 a.m. Grind—Elite CEOs Say Sleep Is the Ultimate Productivity Hack

Forget 4 a.m. wakeups — top executives are now prioritizing rest as a performance tool, fueling a booming global sleep economy worth over $500 billion, Fortune reported.

Benzinga

IPOs are hot again. How investors can avoid a 2021 style hangover

The public offerings of one-time darlings like Rivian and Roblox offer a cautionary tale.

Fortune

Why companies are leaning into skills-first, AI-enabled employment models

Moving away from job-centric structures may become more common.

Fortune

Jeff Bezos's honeymoon plans seem to have involved a $5.7 billion Amazon share selloff

Despite the large, prearranged sales, Bezos still holds roughly 884 million Amazon shares and maintains a net worth of $252 billion.

Fortune

AI Speeds Up Work—But Just Leads To Coffee Breaks, Says Accenture Exec Who Urges Reinventing Roles, Not Just Tools

Artificial intelligence tools may accelerate task completion, but they don’t automatically boost productivity unless companies fundamentally redesign how work gets done, according to Ramine Tinati, lead at Accenture PLC‘s (NYSE:ACN) APAC Center for Advanced AI.

Benzinga

DBS Group’s board tells its chief exec: 'Even the CEO’s job can be replaced by AI'

Also: All the news and watercooler chat from Fortune.

Fortune

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AI is driving mass layoffs in tech, but it's boosting salaries by $18,000 a year everywhere else, study says

Labor market intelligence firm Lightcast also found that so-called "human" skills such as communication and complex problem-solving are growing more valuable.

Fortune

Fortune Archives: The whiz kid economy

Mark Zuckerberg had just become the world’s youngest self-made billionaire in 2009.

Fortune

RGA CEO Tony Cheng: Americans are living longer—adding risk for insurers—but the real danger is people outliving their savings

As life expectancy continues to rise globally, RGA CEO Tony Cheng exclusively told Fortune that the growing risk of individuals outliving their savings will eventually force a slow but necessary reckoning across governments, insurers, and consumers.

Fortune

‘Shark Tank’ icon Kevin O’Leary reveals the 3 things he looks for when investing his millions into a founder

The multimillionaire entrepreneur and investor looks to do business with entrepreneurs who have a “founder’s mindset”—embodied by late Apple cofounder Steve Jobs—alongside strong listening and executional skills.

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news in one place.

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Fortune

In his 20s, the boss of this $22 billion Fortune 500 company tried to turn down a promotion to CEO—his main advice to new grads is to stay 'humble'

RGA CEO Tony Cheng rose through the ranks of the Fortune 500 giant without any intention of becoming its leader—saying humility and a desire to learn are important skills for staffers to learn.

Fortune

Gen Z content creators are bringing in millions from their side hustles—and questioning the need for a college degree

With names like MrBeast getting rich off content creation, Gen Z and Gen Alpha are rethinking degrees in favor of ring lights.

Fortune

The American housing market is in a deep freeze

"There’s no question that in many of pockets of the Sun Belt—the epicenter of U.S. single-family homebuilding—buyers have gained a considerable amount of leverage," ResiClub's Lance Lambert told Fortune Intelligence.

Fortune

The S&P 500 is ‘extremely concentrated,’ Apollo economist says, warning the best AI investment may not be in the Magnificent 7

“The textbook idea that the S&P 500 gives you a diversified exposure to risk is just simply no longer the case,” Apollo economist Torsten Sløk told Fortune.

Benzinga

Delta's AI Now Sets Unique Prices For Each Passenger—Here's What We Know

Artificial intelligence is quietly reshaping airfare—and Delta Air Lines (NYSE:DAL) is leading the charge.

Fortune

It's not just Gen Z: these founders hated their 9-to-5 so much they launched their own companies

Gen Z can take a page from the playbook of millennial and Gen X founders at companies like Too Good to Go, Sweet Loren’s, and Wellhub who ditched corporate jobs for the entrepreneurial life.

Fortune

AI chatbots struggle to function beyond English: ‘They know a lot … but they miss the culture’

LLMs are like “a Fulbright scholar who is interested in Asia,” said Microsoft’s Kalika Bali. “It’s an outsider’s gaze into the culture of a country.”

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