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The Latest Breaking News from Fortune

Why John Furner is the CEO Walmart thinks it needs right now

Walmart’s next CEO will have to prove that an old-school retailer can think like a tech firm without losing its soul.

Fortune

A meeting with the Governor’s Office and an altered public document: How Elon Musk’s Boring Company got three safety violations rescinded in 24 hours

Lawyers and regulators say the Nevada state agency’s handling of the safety investigation went against procedure.

Fortune

Boards of directors are older, have more male appointees, and less turnover

Also: All the news and watercooler chat from Fortune.

Fortune

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The U.S. aims to breathe easy amid China’s chokehold on rare earths, but loosening the grip takes years of concerted effort

U.S. races to establish rare earths supply chains domestically and abroad in "Cold War 2.0."

Fortune

McKinsey studied the most successful Fortune 500 CEOs and found they share one similar trait

Carolyn Dewar and Kurt Strovink of McKinsey's CEO Practice talked to 200 leaders including Jamie Dimon, Michael Dell and Larry Fink. They saw patterns.

Fortune

'If voters feel like things aren't working, they fire their politicians': K-shaped economy math shows why Trump’s base feels betrayed

The president’s approval ratings have reached their lowest since he took office in January.

Fortune

Why 'affordability' is every politicians' nightmare: The anger that gets you elected and refuses to go away

The Fed measures inflation "at the time it's felt by the consumer," The Amherst Group's Sean Dobson told Fortune, different from measuring affordability.

Fortune

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Bill Gates' Daughter Phoebe's AI Shopping Assistant Found Collecting Extensive User Data: Report

Phia, an AI shopping assistant co-founded by Bill Gates' daughter Phoebe Gates, has reportedly come under scrutiny for its data collection practices.

Benzinga

Scaramuccis led $220 million investment in crypto mining firm tied to President’s family—‘Bitcoin transcends politics’

Once a member of Trump’s first administration, Anthony Scaramucci has become a vocal critic of the President.

Fortune

Trump blames 'Too Late Powell' for the housing crisis—but top analysts say low rates 'snapped the trap shut' on Millennial and Gen Z homeowners in the first place

Despite multiple Fed cuts, mortgage rates remain elevated as lenders largely ignore monetary policy amid tight housing supply, pandemic-era buying.

Fortune

'We've probably made housing unaffordable for a whole generation of Americans': top real-estate CEO on the real cost of Covid economic firefighting

"Affordability has probably never been as bad as it is today,” said Amherst's Sean Dobson. "You've got to be very, very careful."

Fortune

Phia, the buzzy AI shopping tool, was pulling far more user data than disclosed, security researchers say

According to security researchers, the browser extension was collecting HTML information of every web page a user visited, including sensitive data like bank statements and private emails, and transmitting it back to the company's servers.

Fortune

Meet Walmart's new CEO, John Furner: Once an hourly worker, he'll helm the top company in the Fortune 500

Furner said he learned the value of hard work from his grandfather, who was a farmer.

Fortune

China's unemployed Gen Z are proudly calling themselves 'rat people' and spending entire days in bed

Experts say the movement is a global 'quiet protest' against current job market and burnout.

Fortune

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Fortune

This ‘hidden’ career path is in dire need of more workers—and it can pay Gen Z over $300,000 with no degree required

Six-figure salaries are within reach for Gen Z, but only if they’re willing to brave extreme weather, noisy tarmacs, and the smell of jet fumes.

Fortune

Hooters CEO says private equity turned it into a 'boys club hangout'—Now he's plotting a family-friendly makeover

“It's a beach-theme restaurant,” Neil Kiefer said.

Fortune

Tech execs admit AI is a bubble and they're pretty happy about it: 'We can't deny there's a ridiculous amount of investment going on'

71,000 startup founders, venture capital investors, and tech CEOs, gathered under literal storm clouds in Lisbon, Portugal, to discuss the future of AI.

Fortune

Housing affordability has gotten so bad that 15% of buyers are purchasing a home with a non-romantic co-buyer. ‘It’s like carpooling for homes’

Gen Zers and millennials are leading the charge on co-ownership in a historically challenging housing market.

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news in one place.

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Fortune

I had a front-row seat to AI's rise at Microsoft and SAP. Here's the billion-dollar blind spot everyone's missing

One Fortune 100 retailer I worked with had 15 years of customer interaction data but could only afford to process 30% of it.

Benzinga

US Debt Of $38 Trillion Now A 'National Security Crisis,' Warns Top Economist, Another Blames Political Polarization: 'Neither Party Is…'

Richard Haass, the president of the Council on Foreign Relations, and other economists have sounded the alarm about the U.S. national debt, stating that it poses a significant threat to the country’s security and global standing.

Fortune

Butchered jobs and inflation data may add fuel to the fire of uncertainty already blazing in the markets

A worldwide selloff accelerates as patchy U.S. data clouds the Fed’s next move, sending Wall Street tumbling and volatility surging into the end of the week.

Fortune

Ex-Meta exec says Mark Zuckerberg taught him a lesson in work-life balance: Now he has strict rules for meetings and emails at his $1 billion tax firm

After years at Meta, Martin Ott learned from Mark Zuckerberg that working smarter beats working longer: “It is making sure that you’re not about 24/7 constant on, but being deliberate.”

Fortune

In the age of AI, CEOs quietly signal that layoffs are a badge of honor

Also: All the news and watercooler chat from Fortune.

Fortune

Your electric bill has replaced the price at the pump as the hot-button, political bellwether

Residential electricity prices have skyrocketed almost 30% in four years with the AI boom expected to further pressure costs.

Fortune

Legendary DC diplomat feels 'like Paul Revere' about the $38 trillion national debt: 'The crisis is coming!'

Richard Haass has spent a lifetime monitoring global crises. Now he says America’s most dangerous one is coming from inside the house.

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