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The Latest Breaking News from Fortune

In the reeling energy sector, an unexpected OPEC production hike plus tariff fears send oil prices plunging 7%

The 'bloom is off the rose' for Trump and the energy sector as stocks and prices plunge

Fortune

Are Trump's tariffs as bad as the Smoot-Hawley Act, which is blamed for deepening the Great Depression? They're actually worse

Those dreading a return to the Smoot Hawley days think this time around could be even worse given the size and scale of Trump's new tariffs.

Fortune

Why Costco and Walmart are poised to weather the tariff war better than competitors

Two strategic advantages are building a tariff moat around Walmart and Costco.

Fortune

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Tariffs don’t just mean economic pain for U.S. firms—they mean a whole lot of paperwork

Many firms will have their first encounter with the HTS classification system and posting surety bonds with CBP.

Fortune

Trump’s tariff numbers appear to have been calculated through a simple math formula, which works with every single country on the list

The calculations used by the White House don’t include a detailed assessment of each foreign country's trade practices.

Fortune

The shingles vaccine could decrease dementia risk

Older adults may want to seek out the shingles vaccine if they already haven't.

Fortune

Bitcoin, broader crypto market slump as Trump unveils unprecedented tariff package

The sprawling list of levies targets dozens of countries ranging from China to Madagascar.

Fortune

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Warren Buffett calls himself ‘cheap’ for still living in the same house he purchased for $31,500—despite having $168 billion to his name

Billionaire CEO of Berkshire Hathaway, Warren Buffett, is worth more than most people can fathom. However, he remains a penny-pincher who’s found happiness in the humble home he’s had for over 60 years.

Fortune

Baby boomers are beating millennials in a housing showdown, scooping up homes in all cash

Baby boomers are buying and selling more homes than millennials, the largest generation, according to a National Association of Realtors report.

Fortune

How I came to understand Taylor Swift—and what she gets right about success

Taylor Swift has built one of the world’s most resilient brands and it’s not by chance—she’s a masterful business strategist.

Fortune

Indeed CEO Chris Hyams reveals two-thirds of jobs on the platform demand skills that AI can already handle

AI’s war on jobs isn’t coming—it’s here. With some 300 million jobs potentially at threat, Indeed's CEO says empathy, compassion, and teamwork can help you stand out.

Fortune

Gap, Nike and Levi's took years to diversify from China. Now sky high tariffs on nations like Vietnam are ruining their strategies

What looked like a safe bet to move manufacturing supply chains out of China is turning out to be a nightmare for many big retail brands.

Fortune

'Fake news': Tesla's Elon Musk dashes investor hopes he may finally be leaving politics, insisting he's not going anywhere

Politico reported the Tesla CEO would soon return to the private sector, triggering a rally in shares of the beleaguered carmaker. Not so fast, says Musk.

Fortune

Ford will offer employee pricing to all U.S. customers for the next two months as auto tariffs go into effect

New campaign highlights the company's American roots.

Fortune

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Fortune

Ford tries to ease tariff pain with a new offer: Employee prices for everyone

The tariffs are estimated to raise the average cost of a car imported by thousands of dollars.

Fortune

Trump’s tariffs put American growth and prosperity at risk—and raise the likelihood of a recession

Tariffs may feel like action, but they lead to stagnation and economic crises in the long run.

Fortune

Got a Tony's Chocolonely candy bar? You might want to check twice before eating, the company just issued a recall

Seven lots of Tony's Chocolonely are affected.

Fortune

The fire next time: a new wildfire prediction AI shows why data matters most

Europe's leading weather forecaster ECMWF shows that adding additional data improves wildfire predictions, and that data trumps AI model complexity.

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Fortune

'Oh really? Oh s---.' CEO reacts live to tariff-based stock plunge on earnings call

Company formerly known as Restoration Hardware flirts with 52-week low.

Fortune

Refusing to drink the corporate Kool-Aid, half of Gen Zers would turn down a job that doesn’t align with their beliefs

Gen Z recognizes the price of becoming a sellout.

Fortune

Chappell Roan says parents are 'in hell.' Does she have a point?

"I don’t know anyone, I actually don’t know anyone, who’s happy and has children at this age," the 27-year-old said on the Call Her Daddy podcast.

Fortune

BNY launches new blockchain accounting tool with BlackRock as first client

The financial services company has been a pioneer in crypto offerings, including digital asset custody.

Fortune

The exact salary increase attractive workers can expect to earn has been revealed—and it’s tens of thousands more than their less good-looking peers

Research confirms good-looking workers really do take home more money. Pretty privilege offers nearly the same financial boost as a college degree.

Fortune

Trump says tariffs will bring back jobs. Economists aren't so sure

The president has promised that tariffs will create jobs, but experts say the opposite could happen.

Fortune

Treasury Secretary Bessent blames Trump tariff sell-off in markets on deflating AI bubble—‘that’s a Mag 7 problem, not a MAGA problem’

Bessent appears to be more interested in bringing down borrowing costs to stave off a potential sovereign debt doom loop than in the $1.5 trillion drop in equities.

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