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The Latest Breaking News from Fortune

The CEO of CoreWeave explains why they went public—And why they scaled back their initial offer

The much-anticipated debut is being seen as a litmus test for other AI companies.

Fortune

Why CoreWeave's lackluster IPO doesn't tell us much about business enthusiasm for AI

The company's debt-fueled business model make it a poor proxy for gauging AI enthusiasm more broadly.

Fortune

CoreWeave’s IPO disappoints in opening hours—but many buzzy tech IPOs remain in the pipeline

Shares in AI cloud provider CoreWeave started trading on Friday after what turned out to be a rocky IPO.

Fortune

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Jury rules startup founder Charlie Javice guilty of defrauding JPMorgan Chase

Javice deceived the bank about how many customers her startup had. She will be sentenced in coming weeks.

Fortune

Warned car tariffs will cost Americans $100 billion, Trump White House won’t budge—‘We must become a manufacturing powerhouse’

The Trump administration argues tariffs will help it rebuild an industrial base the U.S. squandered over decades through the wrong trade policies.

Fortune

Tesla shareholders who are furious with Elon Musk have 2 main options to advocate for change

Launching a lawsuit against Musk is unlikely to work, says a legal scholar.

Fortune

Oracle is reportedly among wave of tech giants hit by DOGE cuts, as defense secretary balks at ‘throwing more good taxpayer money after bad’

The Department of Defense announced $580 million in funding, grant, and contract cuts last week.

Fortune

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Airbnb cofounder Joe Gebbia says DOGE is pushing to create an ‘Apple Store–like experience’ in government

Gebbia joined Elon Musk and six other DOGE members to share details of their planned federal overhaul in an interview with Fox News.

Fortune

Boston Fed president says tariff-induced inflation ‘looks inevitable.’ She suspects the central bank will hold rates steady for longer

However, Susan Collins said the inflation could be short-lived.

Fortune

Putin says it’s ‘a profound mistake’ to treat Trump’s push for Greenland and its vast deposits of rare minerals as ‘some preposterous talk’

President Donald Trump has made U.S. control of Greenland a pillar of his second term’s burgeoning foreign policy.

Fortune

Lululemon adds to warnings about consumer spending as stock tanks 15% on weak revenue outlook amid tariff uncertainty

Lululemon's CEO said “consumers are spending less due to increased concerns about inflation and the economy.”

Fortune

This real estate billionaire prepared his son for succession by forcing him to work for a different boss—'You’re not going to work for me'

Billionaire Jorge Pérez shocked his son Jon Paul by refusing him a job at the family real estate company until he earned experience working elsewhere. The hard work paid off decades later, with Jon Paul now taking over as CEO.

Fortune

Expert blames phones as a driving factor for the declining birth rate that Elon Musk warns could lead to human extinction

This social scientist says to stop blaming childless cat ladies for the global fertility decline.

Fortune

Sam Bankman-Fried parts ways with ‘Diddy’ as feds transfer crypto con man from Brooklyn prison to Oklahoma

The former FTX CEO is presumably en route to California, where his parents live.

Fortune

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Fortune

Publishers, journalists and film producers attack plan for enforcing Europe's new AI law

Draft guidance for AI companies won’t ensure that they comply with the AI Act or EU copyright law, say rights holders.

Fortune

Markets may be past peak tariff uncertainty, even as investors weigh new tax on auto imports and brace for 'Liberation Day'

The “American exceptionalism” trade might not be dead yet, fund managers told Fortune.

Fortune

American worker confidence just hit a record low and is even worse than it was during the darkest days of the pandemic.

“It is essentially an employer’s marketplace right now.”

Fortune

Trump warns U.S. carmakers not to take advantage of tariffs by hiking prices on consumers

The Trump administration believes auto execs could be tempted to use the tariffs as cover to push through their own hefty price hikes without risking the competitiveness of their U.S.-built vehicles.

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Fortune

Doja Cat and Charli XCX's agent on her groundbreaking career in the music industry

'I always wanted to run everything,' says Jenna Adler.

Fortune

Sam Altman says ChatGPT's Studio Ghibli-style images are ‘melting’ OpenAI’s GPUs

The flood of Ghibli-style images has forced OpenAI to impose temporary limits—and raised questions about potential copyright violations.

Fortune

LVMH heir Alexandre Arnault will join the board of top-end ski wear brand Moncler after the French giant struck a deal with its CEO

LVMH bought a 10% minority stake in Double R, Moncler’s largest shareholder and the vehicle owned by its CEO Remo Ruffini, six months ago.

Fortune

ASICS, the 75-year-old sportswear maker behind the Onitsuka Tiger brand, gets into virtual reality with a new Pong-like video game

DISC, which resembles Tron or 1994 cult classic Windjammers, is ASICS's first foray into the gaming space, from its new ASICS Ventures division.

Fortune

MrBeast told Mark Zuckerberg the first thing he would change if he ran Meta

In a joint interview, YouTube sensation MrBeast and Meta CEO Mark Zuckerberg swapped thoughts on reaching audiences with video.

Fortune

There are 372 AI unicorns right now, according to PitchBook. Here’s what that means

Right now, in the tech industry paddock, there are 372 AI unicorns, according to PitchBook.

Fortune

Ferrari's U.S. customers face 10% price hikes over Trump tariffs

Ferrari CEO Benedetto Vigna warned in March the carmaker was ready with countermeasures in the event of tariffs.

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