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The Latest Breaking News from Fortune

Trump is giving the U.S. economy a $65 billion tax-refund shot in the arm, mostly for higher-income people, BofA says

“The consumer divide is about to get deeper,” BofA senior U.S. economist Aditya Bhave wrote on Wednesday.

Fortune

I'm a 25-year-old founder who loves robots but too many humanoids are militant and creepy-looking. Things need to change—just look at Elon Musk

Who’s raising our robots? Teaching social norms in the age of humanoid robots.

Fortune

Michael Lewis reveals he’s got a deal to write a Sam Altman book—when ChatGPT is ready to write a rival draft

Altman admitted over dinner that ChatGPT wasn’t nearly advanced enough, Lewis claimed. “He said, ‘It’d be a really bad book.’”

Fortune

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OpenAI launches Frontier—and potentially redraws the enterprise software map

OpenAI’s new enterprise platform lets companies build and manage agents that sit on top of existing software, blurring the line between partner and competitor.

Fortune

Activist investors are more dangerous to CEOs than ever. Here are 3 ways to safeguard your leadership

Activism thrives on corporate uncertainty and increasingly leverages a fast-changing media environment to exert pressure.

Fortune

Uber has appointed a new CFO—its third in three years

The company's latest finance shake-up comes as it doubles down on robotaxis and faces fresh questions about its long-term AV strategy.

Fortune

Kevin Warsh's Fed criticisms make sense, but he's got a 'cleanest dirty shirt' problem. Here's the triple dilemma he faces

The new Fed Chair nominee can't shrink the balance sheet without handing private markets a duration problem they may not want to own.

Fortune

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How Japan replaced France as the country young Americans obsessively romanticize—they’re longing for civility

America used to be the archetypal “soft power” country, but sushi, anime, and a different way of life place it in the land of the rising sun for Gen Z.

Fortune

Private equity exit value surged to almost $730 billion in 2025, per PitchBook

PitchBook data shows private equity exit value surged, even as fundraising struggled.

Fortune

This Gen Z woman applied for 1,000 jobs and offered to cut her own pay because she was ‘really broke and struggling.’ She’s not alone

Taking a pay cut at the beginning of your career can have long-term consequences.

Fortune

The ‘dumb money’ steps in as traders lose $1 trillion on the realization that AI will eat tech companies first

The chaos is mostly a tech-stock phenomenon. The equal-weight S&P 500 is actually at a record high.

Fortune

Less than 10% of employees believe their bosses are demonstrating moral leadership

Also: All the news and watercooler chat from Fortune.

Fortune

Developer Hongkong Land launches a $6.4B Singapore real estate fund, the country's largest, as part of CEO Michael Smith's strategic pivot

The new fund has the Qatar Investment Authority as a key investor, as Hongkong Land focuses on commercial property and slims its residential business.

Fortune

Lawhive, which started out selling tech to law firms but then became one, raises $60 million in new funding

The startup offers routine legal services using human lawyers assisted by AI software.

Fortune

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Fortune

Nevada legislator to push for independent audit of altered record in OSHA Boring Co. inspection

Because a forensic analysis conducted by the Governor’s Office was inconclusive, legislators are pushing for a third-party audit.

Fortune

Alphabet is confident about plans to double capex spending to a possible $185 billion—but it’s keeping CEO Sundar Pichai up at night

Alphabet revealed a staggering increase in infrastructure investments that will see it nearly double the $91.4 billion it spent last year, according to its fourth quarter earnings release.

Fortune

Quantum computing company IonQ misled investors about its dependence on backdoor earmarks, short-seller report says

Short-seller Wolfpack Research says IonQ misled investors about canceled government earmarks; it also points to suspicious insider stock sales.

Fortune

Scott Galloway predicts OpenAI could pull its IPO amid AI ‘vibe shift’ as investors ‘gag’ on Trump proximity, questionable revenue

“Sustainable advantage is really, really thin,” the NYU professor said of the potential $830 billion IPO.

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Fortune

Pinterest cracks down on dissent, fires engineers for an internal layoff tool as AI shake-ups keep employees on edge and in line

The incident shows how layoffs and AI investment have given employers more leverage over workers.

Fortune

Scott Bessent’s ‘gotcha’ moment on Trump’s tariffs and inflation: He denies writing ‘Tariffs are inflationary’ in letter to hedge fund investors

In 2024 Bessent wrote: “Tariffs are inflationary and would strengthen the dollar.” He denied this before the House Financial Services Committee.

Fortune

Meta is quietly expanding its $10 billion Hyperion AI data center, now sprawling to four times the size of Manhattan’s Central Park

Meta’s latest 1,400-acre land deal in Louisiana signals plans for a vast, multiphase AI campus unlike anything the U.S. has seen.

Fortune

Peter Thiel warns the Antichrist and apocalypse are linked to the ‘end of modernity’ currently happening—and cites Greta Thunberg as a driving example

The Gen Z Swedish climate activist is a legionnaire of the Antichrist, Thiel claims, a “Luddite” who wants to halt technological progress in its tracks.

Fortune

Ray Dalio warns the world is ‘on the brink’ of a capital war of weaponizing money—and gold is the best way for people to protect themselves

“It would be very easy to go over the brink into a capital war, because there are mutual fears” between the U.S. and Europe, the Bridgewater Associates founder warned.

Fortune

The tech stock free fall doesn’t make any sense, BofA says in rebuke to investors while doubling down on the sector’s longevity

Investors see weak ROI ahead as they also see AI adoption so pervasive that it makes whole business models obsolete. Both can’t be true, BofA says.

Fortune

Bitcoin demand in Nancy Guthrie disappearance shows how crypto is becoming a more frequent feature of physical crimes

TMZ and an Arizona news outlet reported receiving the ransom letter.

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