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The Latest Breaking News from Fortune

Roughly half of U.S. states are effectively in a recession and ‘hanging on by their fingertips,’ Moody’s chief economist says

Moody’s chief economist, Mark Zandi, tells Fortune parts of America are already in recession, with 22 states contracting despite strong national GDP growth.

Fortune

CFOs are central to AI mindset shift, says Google veteran

AI will impact every job, industry, and country, expert Ted Souder told an audience of finance chiefs.

Fortune

Exclusive: Coinbase and Cruise alums raise $15 million for crypto compliance startup CipherOwl

General Catalyst and Flourish Ventures led the round, with participation from Coinbase Ventures, Enlight Capital, and others.

Fortune

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read the most diverse news in one place.

Battle over Elon Musk’s trillionaire pay package builds as pension funds face off against Tesla

Next month, investors will vote on setting Tesla CEO Elon Musk on a path to becoming the world’s first trillionaire.

Fortune

Patagonia CEO says climate denialists are delusional: ‘If you step out of a window from the third floor talking about how gravity doesn’t exist, you’re still going to hit the ground’

Also: All the news and watercooler chat from Fortune.

Fortune

Bank of England on AI mania: ‘Stretched’ stock valuations ‘comparable to the peak of the dotcom bubble’

The top five members of the S&P 500 command nearly 30% of market share, a record high for any point over the past 50 years.

Fortune

Inside PepsiCo’s beverage overhaul: A Gatorade reboot, the $2 billion Poppi buy, and a gut-health play, all under activist scrutiny

Activist investor Elliott Management took a $4 billion stake in PepsiCo, and recently called the company a “dramatic underperformer” in a scathing letter.

Fortune

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How former OpenAI researcher Leopold Aschenbrenner turned a viral AI prophecy into profit, with a $1.5 billion hedge fund and outsize influence from Silicon Valley to D.C.

Leopold Aschenbrenner is a Wall Street novice. So why have some Silicon Valley bigwigs trusted him with billions?

Fortune

Patagonia CEO Ryan Gellert says he believes the world needs responsible business more than ever

"Solving real problems on behalf of your employees, your customers, and the communities that you exist within, to me that's a pretty good definition of leadership," Gellert told Fortune.

Fortune

Trump’s former USDA chief economist warns the shutdown makes the president’s $15 billion farmer bailout a fantasy: 'You can’t just flip a switch'

“How to fund this bailout is very complicated, and different than it was in 2018,” said Joe Glauber, former chief economist at the U.S. Department of Agriculture during Trump’s first term.

Fortune

Deutsche Bank and Jeffrey Epstein’s ghost

Given its long history of servicing high-risk clients, it is perhaps unsurprising that Deutsche Bank stepped in when Epstein was ditched by JPMorgan.

Fortune

Gen Z can’t afford to date—but Grindr CEO says the real problem is how apps have monetized romance

From ‘throning’ and ‘sprinkle sprinkle’ to no money for dates: Grindr CEO debunks dating trends, exclusively in Fortune

Fortune

More CEOs demand 'moonshot' pay—billions in compensation for aggressive, seemingly impossible targets

Also: All the news and watercooler chat from Fortune.

Fortune

Inside the Trump team’s secret talks to rescue Argentina—with the help of the ‘Money Doctor’ who wants to stop the 'pink tide' sweeping Latin America

Johns Hopkins professor Steve Hanke is an expert on "dollarization" and has helped the Trump Administration run through the options for intervening in Argentina's economy.

Fortune

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Fortune

75% of gains, 80% of profits, 90% of capex—AI’s grip on the S&P is total and Morgan Stanley's top analyst is 'very concerned'

The long bull market since 2022 is a "one-note narrative" since the explosion of ChatGPT, according to Lisa Shalett, CIO of Morgan Stanley Wealth Management.

Fortune

Top Wall Street economist sees 2 ways tariffs could play out—and neither is good for the average worker

Nathan Sheets, Citi’s global chief economist, told Fortune that it’s a similar situation to the “devastating” 1930s, but maybe not in the way you think.

Fortune

Hedge fund billionaire Paul Tudor Jones says 2025 is 'so much more potentially explosive than 1999' because of the way bull markets always end

Paul Tudor Jones also got far out and sci-fi, talking to CNBC. “We’re kind of boldly going where no man has ever gone before.”

Fortune

'Scary times': Youtube’s biggest star MrBeast fears AI could impact 'millions of creators' after Sora launch

Content creators such as Casey Neistat have warned of the ramifications of Sora, which he called a “TikTok clone where every video is AI.”

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news in one place.

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Fortune

Nearly 70% of Americans think the economy is on the ‘wrong track’ and it's a bad time to buy a home, Fannie Mae survey shows

Americans are short on hope about the housing market.

Benzinga

Warren Buffett Says 25% of His Daily Calories Come From Coca-Cola — The 95-Year-Old Billionaire Credits 'Happiness' for His Longevity

Warren Buffett just turned 95 in August, and while some billionaires his age are swapping red meat for kale and booking longevity consultations with biohackers, Buffett's secret to a long life remains as carbonated as ever: Coca-Cola. Not just a sip here and there — we're talking five 12-ounce cans…

Fortune

A 19-year-old NBA intern landed a private meeting with LA Clippers CEO from a cold email—she told him ‘to do work that you can do for free’

Most interns settle for group meet-and-greets. This Gen Zer cold-emailed the boss—and walked away with career advice from the LA Clippers’ exec Gillian Zucker..

Fortune

Exclusive: EvenUp raises $150 million Series E at $2 billion valuation as AI reshapes personal injury law

After getting rejected at least 3 times by Y Combinator, the founders of EvenUp have become legal tech leaders.

Fortune

Ex-PayPal chief Dan Schulman appointed CEO of Verizon

Also: All the news and watercooler chat from Fortune.

Fortune

One common thread at some of the companies seeing the most success with AI: Woman CEOs

While women make up only 11% of the chief executives at Fortune 500 companies, they represent 18% of the AIQ 50—an encouraging sign as AI becomes increasingly important.

Fortune

AI came from tech, but the most advanced AI businesses are in every industry

Fortune’s AIQ 50 list of the most “mature” AI companies shows how different businesses are taking advantage of AI to meet their needs.

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