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The Latest Breaking News from Fortune

Inflation is so bad Americans are counting on Black Friday just to afford groceries and everyday essentials

"Black Friday is still a make-or-break moment for retailers, but shopper behavior is shifting," says Lightspeed Commerce founder and CEO Dax Dasilva.

Fortune

The under-the-radar factor that helped Democrats win in Virginia, New Jersey, and Georgia

As the AI land rush accelerates, local fights over water, power, and land may shape who wins and loses in American politics.

Fortune

Ford CEO Jim Farley strikes a cautious tone on Apple’s new CarPlay Ultra and its increasing control over cars: ‘Do you want the Apple brand to start the car?’

Farley said he has talked to Apple CEO Tim Cook “many times” on the subject of CarPlay.

Fortune

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Ulta Beauty CEO Kecia Steelman says she has the best job ever: 'My job is to help make people feel really good about themselves'

"I could think of a lot worse jobs out there than that," Steelman told Fortune.

Fortune

McDonald's and Cava's earnings share one thing in common: The K-shaped economy has a vice grip on the lunchtime crowd

The restaurant chains’ CEOs noted that while young, lower-income consumers are pulling back, high-income earners are still hungry to spend.

Fortune

Millennial CEO shares 'the most honest' absence request from his Gen Z staffer: 'I recently had a breakup... I need a short break'

The boss approved the request without question, but concluded: “Gen Z doesn’t do filters!”

Fortune

A top analyst warned of a 'prisoner's dilemma' and 'AI wobble' in the stock market just days before Palantir seemed to confirm everyone's fears

"Is there going to be an AI wobble at some point?" Tony Yoseloff told Goldman Sachs. "There's a little bit of a prisoner's dilemma, let's call it."

Fortune

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IBM's CEO admits Gen Z's hiring nightmare is real—but after promising to hire more grads, he’s laying off thousands of workers

IBM’s CEO Arvind Krishna promised Gen Z he would hire more college grads and be the “opposite” of companies like Amazon laying off workers. Days later, he's giving thousands the pink slip.

Fortune

Meet Mira Nair, Zohran Mamdani's 68-year-old mother who hit it big in Hollywood directing critical darlings like Monsoon Wedding

Nair is the first woman director to win the Venice Film Festival's top prize, and famously turned down WB's offer to direct the fourth Harry Potter movie.

Fortune

Palantir says college is no longer a reliable training ground—so it hired 22 high school students instead: ‘Skip the debt. Skip the indoctrination.'

22 Gen Zers are currently graduating from Palantir’s Meritocracy Fellowship, as CEO Alex Karp calls his company "the best credential in tech."

Fortune

OpenAI’s new AI safety tools could give a false sense of security

OpenAI has open-sourced two AI safety classifiers that let enterprises more easily set their own guardrails. Experts say the move could improve transparency but also create new risks.

Fortune

Corporate America is trying to tell us something about the economy, top analyst says: a 3-year recession for 'much of the private economy' ended in April

Morgan Stanley's Mike Wilson was a lonely voice on Wall Street calling a "rolling recession" when others saw a boom. Now he sees a "rolling recovery."

Fortune

KPMG’s new CEO joined as an intern 33 years ago. Now he wants to lure Gen Z back with a new office outfitted with moody lounges and a barista bar

KPMG is shrinking its New York footprint by 40% and betting on design—not mandates—to bring employees back to the office.

Fortune

Abraham Lincoln set off an education revolution in 1862 with the Land Grant Act. We need the same thing today for AI

Imagine a federal initiative that builds a nationwide system of universities and colleges equipped to educate and train every region for the age of AI.

Fortune

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The innovation blind spot: how Silicon Valley ignores Middle America

If we want to strengthen our economy and secure our future, we need to broaden our definition of what counts as “innovative.”

Fortune

Crypto venture firm CMT Digital raises $136 million for fourth fund

The Chicago-based company has backed crypto stalwarts like stablecoin giant Circle and blockchain-based lender Figure.

Fortune

I've owned and operated trade schools for 40 years and Gen Z is onto something: the tide is turning

Is college worth it? All kinds of colleges are worth it for all kinds of students—and jobs.

Fortune

Let’s move beyond rare earth headlines—it’s time to build real scale

At GM, we've partnered with suppliers like MP Materials to rebuild the domestic supply chain and we've invested in Lithium Americas’ Nevada project.

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Fortune

Private equity CFOs under pressure to stay exit-ready and boost AI in finance

AI is increasingly critical not just for execution, but for buyer perception and valuation.

Fortune

Giga raises $61 million to expand enterprise voice AI, starting with DoorDash

Voice AI has the potential to streamline a lot of businesses’ customer service tasks, such as answering routine customer questions or scheduling appointments, without a human agent needing to step in.

Fortune

Gen Z actor Maya Hawke says, ‘Anxiety might be the defining emotion of our time’

The daughter of Ethan Hawke and Uma Thurman said the biggest thing she learned from making “Inside Out 2” was how to “give my anxiety a comfy chair.”

Fortune

Meet Sequoia Capital’s new stewards

Yesterday, Sequoia announced that Alfred Lin and Pat Grady would become co-stewards of the firm, as Roelof Botha steps down.

Fortune

‘Big Short’ investor Michael Burry has a $1.1 billion bet against AI stocks, and markets are plunging

Wall Street expects tech stocks to take a hammering this morning—again.

Fortune

Former FBI special agent says he uses a simple trick to get the best hotel rooms in the world—and it’s all about showing love to the front desk

According to licensed private investigator Tom Simon, "I've been doing this for 20 years and the rooms I get are majestic, man."

Fortune

Ulta Beauty CEO Kecia Steelman went from earning $8 an hour to running the U.S.'s largest beauty retailer

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