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The Latest Breaking News from Fortune

Markets rise after ceasefire between Israel and Iran appears to hold

Federal Reserve Chair Jerome Powell told lawmakers on Tuesday that the central bank continues to monitor the threat of inflation.

Fortune

The Fed won’t lower rates like Trump wants because it sees ‘meaningful’ inflation spike later this year

Fed Chair Jerome Powell told Congress he expects an inflation surge—but how long and how high is unknown.

Fortune

AI training is ‘fair use’ federal judge rules in Anthropic copyright case

Training AI on books Anthropic bought is okay, but downloading pirated ones is not, judge says.

Fortune

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Crypto market bounces back after President Trump announced a ceasefire between Israel and Iran

The crypto market added 2% to its market cap between Monday night and Tuesday afternoon.

Fortune

Jerome Powell says Fed is ‘on alert’ for possible Iranian cyberattacks because ‘we’re a target as well’

Hackers connected to the Iranian government have a history of trying to attack U.S. government agencies and the financial sector.

Fortune

Apple cofounder Ronald Wayne sold his 10% stake for $800 in 1976—today it’d be worth up to $300 billion

Steve Jobs and Steve Wozniak are often known as the brains behind the $3 trillion tech giant, Apple, but the company’s original third cofounder sold out early for just $800.

Fortune

The insurance sector is getting onboard with AI. But, like other industries, they are quiet about ROI

Allianz and Axa top a new benchmark index of insurance companies' AI prowess.

Fortune

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Goldman Sachs launches an internal AI assistant

Over 10,000 employees have already tested the tool.

Fortune

Summer schooling: 2 million student loan holders could have their wages garnished by the government this summer

That's 800,000 more than initially forecast.

Fortune

Jason Isaacs earned millions from starring roles in ‘Harry Potter’ and ‘The White Lotus’—but he says he has ‘pretty much spent’ it all

The British actor has an estimated net worth of $6 million, earning about $40,000 per episode starring in “The White Lotus,” but he’s spent much of it “immaturely.”

Fortune

I run a $145 billion U.S. energy company. Investing in infrastructure and putting America first shouldn’t divide us

The debate over clean energy tax credits must transcend renewable energy—because much more is at stake.

Fortune

How Nvidia CEO Jensen Huang’s success discredits ‘stick to your knitting’ leadership advice

The Nvidia CEO repeatedly tossed out his business plans to embrace disruptive new advances on the frontiers of technology.

Fortune

Trump’s ‘One Big Beautiful Bill’ is one big betrayal of American energy progress

Now in the Senate, the bill guts a tax incentive that dramatically reduces the cost for installing solar energy projects.

Fortune

Why corporate travelers and wealthy flyers are turning to partially-owned private jets

“I would argue that for most people who own their own airplane, it really doesn’t make financial sense for them,” says Patrick Gallagher, president of jet-sharing company NetJets.

Fortune

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Fortune

Babylist founder built a $500 million business

Babylist is expanding its business by reaching the 40% of American babies born under Medicaid.

Fortune

Elon Musk’s lawyers claim he doesn’t use a computer — despite contradictory X posts

The filing comes as part of Musk’s broader legal battle accusing OpenAI and Sam Altman of straying from their nonprofit roots.

Fortune

Stable careers are a myth and no one wants to be a leader: A new report reveals the depths of worker pessimism with corporate America

Entry-level workers say polywork is no longer an option but a necessity.

Fortune

The turnaround CEO who convinced tech talent to bet on Yahoo's comeback

Three and a half years into what Yahoo CEO Jim Lanzone calls a “multi-phase turnaround”, he is executing a transformation strategy that touches everything from product development to cultural renewal.

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Fortune

The Senate just passed a stablecoin bill, but don't hold your breath for crypto legislation to sail into law

Despite a major Senate win, the Genius Act has a long way to go.

Fortune

Cyberattacks on insurers put CFOs on high alert

Aflac is one of the latest insurance companies to suffer a cyberattack.

Fortune

Investors liked the peace but they love war even more, asset markets are saying today

Investors are unconcerned about major oil disruptions, reasoning that Iran is unlikely to close the Strait of Hormuz and harm its own economy.

Fortune

Trump urges Congress to grill ‘dumb, hardheaded’ Powell in latest attack over Fed’s refusal to cut interest rates

Trump claimed that Americans will be paying for Powell’s “incompetence” for years to come, while the FOMC has maintained it needs greater clarity before lowering the base rate.

Fortune

A quarter of Americans now say they need to make at least $150,000 to feel secure—and inflation is largely to blame

Inflation has fueled a need for higher wages, but perceptions have also played a part, say experts.

Fortune

Mastercard joins USDG stablecoin group, adds support for PayPal and Fiserv tokens

The publicly traded company also said it would let members of its cross-border payments network use stablecoins.

Fortune

The CEO of GLAAD thinks Trump’s attacks on DEI could benefit companies in the long run

“I think they're actually helping us along in a lot of ways that aren't exactly crystal clear right now.”

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